After two and three quarter days of trading the bullish rally that was seen has now taken a bearish turn. The slip in oil prices gave stimulation to the market. However, growing concerns regarding the oil price relief has grown to a worry. Mendelson a well followed analyst suggests that this decline in prices is likely do to a large sale of gas by a large player and we might see prices surge to$56 a barrel. Exxonmobil has posted large third quarter profits, but not large enough to offset the news of falling oil prices. Pfizer is down .8% as the drug maker’s board has approved a $5 billion stock buyback. DaimlerChrysler swung a third quarter profit. However, the SEC is filing a minor investigation after an employee of the company reported an allegation. The US dollar has depreciated against the Yen and Euro which is both a negative and positive. The positive aspect is that American exports will be able to be bought a bit cheaper, making American goods more affordable to oversea markets.