Market Activity Overview

1
Market Activity Overview

• Accounting Committee
• 10-21-04

2
Wilshire 5000
3
SP 500
4
Market Activity News

• Oil continues to weigh on the market
• Earnings seasons continue stocks lower on poor
  earnings from PFE, Motorola, JPM, and ERTS
• Several insurance companies face subpoenas
• Another rate increase is expected before the end
  of the year

5
Market Activity News

• Wilshire 5000 down 1.5 since last Tuesday
• SP 500 down 1.7 last Tuesday
• Since last Tuesday, the SMIF portfolio is down
  1.1 from 311,625.70 to 308,122.80