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The "up-to-the-minute Market Data" thread

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posted on Mar, 12 2009 @ 11:31 PM
On Bloomber TV right now: B of A claims that they too made a profit in the first two months of the year and expect to be PROFITABLE for the year.

Really, so give me back my $70 billion dollars and I'll bid you good day sir!

posted on Mar, 12 2009 @ 11:36 PM
reply to post by finemanm

Take this opportunity and buy BAC to make up for your loss.

Its a hell of a deal if you believe in the USA not going under (which it wont)



I want to add another thing. It seems a few people that post on this thread are not that smart, and I want people to know I'm not saying I am a god, but there is a lot of bad information on this specific thread.

If someone is coming into this thread actually looking for information before they are going to execute a trade.. I have some advice..

Go somewhere else! Im serious

[edit on 12-3-2009 by XTC_savedmyLife]

posted on Mar, 12 2009 @ 11:42 PM
If the market goes up with large 3 digit numbers, it's a horribly bad thing. Shows that the market is volatile! Also means that it can fall at the same rate.

Also a possibility of someone behind the scenes messing with the numbers ans causing it to go higher w/o any real improvement on the markets part.

[edit on 12-3-2009 by Tentickles]

posted on Mar, 12 2009 @ 11:43 PM
Coming into a thread and insulting the people who post here doesnt give you any credit sir. So far your posts are nothing but speculation.

I would also like to add that you have not posted anything to help us believe your posts as well. Nothing to back it up.

[edit on 12-3-2009 by Tentickles]

posted on Mar, 12 2009 @ 11:45 PM

off-topic post removed to prevent thread-drift


posted on Mar, 12 2009 @ 11:47 PM
reply to post by Tentickles

Ive posted in other threads, most recently the BAC thread.. i bet that is going to go through tomorrow most likely

Attention folks, im not being cocky, i am being realistic

Im not looking for "props".. im not a douchebag.. im 25 years old and most likely a better trader than 99% of people on this website

im trying to help you all make money

Edit : read some of my other posts on this thread that wasnt my first one,, im not a bad guy lol.. im just trying to display my conviction

[edit on 12-3-2009 by XTC_savedmyLife]

posted on Mar, 12 2009 @ 11:52 PM
I want to know why my post was removed??

Edit: im sorry forgot 2nd line in this case

EDIT:: Im sorry should have done that in a u2u

[edit on 12-3-2009 by XTC_savedmyLife]

[edit on 12-3-2009 by XTC_savedmyLife]

posted on Mar, 12 2009 @ 11:57 PM
reply to post by XTC_savedmyLife

I'm not doubting your abilities or anything. But all this talk about banks not taking out anymore bailout money and all this and all that just doesn't sound right.

It is kind of like when the CEO of Bear Sterns went on TV and said, "Oh no our company is fine and we are expecting to do better than we ever have." Then a few days later they go bankrupt.

It could be any number of things. My guess is that the Fed is going to continue to issue them lines of credit.

The problem with the market is CDO/CDS's it is going to come to a head at some point. This is just the start.

I'm with Tentickles on this seeing the market jump up almost 400p one day then only gain 3p another day then a little over 200p another day. After witnessing drops of 700p 400p 600p in a relatively short time span is not my idea of confidence or stability.

[edit on 12-3-2009 by Hastobemoretolife]

posted on Mar, 13 2009 @ 12:06 AM
Here's a graph to help illistrate:

As you can see leading the whole year of 2006, that is a market with stability. It's slowly going up and down within a range of a few points. Then the market starts going crazy.

It's not going to be stable again until the markets go up slowly over a good few months or even years, with how things are looking.

[edit on 3/13/2009 by Tentickles]

posted on Mar, 13 2009 @ 12:13 AM

Europe's Message on Economic Stimulus: Enough Already!

As the economic tsunami continues to rage across the planet, the near universal refrain has been that joint action is needed to pull us out of the crisis. But when it comes to stimulus spending, the United States and Europe have taken different paths, jeopardizing hopes of a united front to combat the downturn.

President Barack Obama this week urged the world's top economies to adopt aggressive, American-sized spending programs. "It's very important to make sure that other countries are moving in the same direction, because the global economy is all tied together," he said.

But on the other side of the Atlantic, European Union governments have spurned entreaties to let funds flow into their staggering economies. "Europe has done what it needed to do," says Luxembourg Prime Minister Jean-Claude Juncker, who is also chairman of the 16-member eurozone, adding that the U.S.'s appeals "were not to our liking."

The issue is expected to dominate next month's London summit of leaders from the G20 group of top economies. "I do not have high expectations for London," says Nicolas Véron, a scholar at the Brussels-based Bruegel economic think tank. "Not everyone will follow the U.S. just because of Obama. Global solidarity solutions are fiendishly difficult both to decide and to enforce. There is a growing realization that regional or national responses are preferable wherever possible."


But if leaders cannot agree on a common approach to fighting the crisis, their meeting could be nothing more than a glorified photo opportunity.
S&P 500 -0.40 748.00 3/13 0:55am
Fair Value 747.45 3/12 10:06pm
Difference* +0.55

NASDAQ -0.25 1162.75 3/12 11:55pm
Fair Value 1165.80 3/12 10:06pm
Difference* -3.05

Dow Jones -28.00 7088.00 3/12 10:48pm
Nikkei 225 7,560.09 12:52AM ET 361.84 (5.03%)
Seoul Composite 1,128.70 12:53AM ET 0.31 (0.03%)
Shanghai Composite 2,147.084 Mar 12 13.203 (0.62%)
Gold $923.78

[edit on 3/13/2009 by Hx3_1963]

posted on Mar, 13 2009 @ 01:10 AM
reply to post by Hx3_1963

It is looking like a glorified photo opportunity as far as the G20 is concerned. This is bad, I don't think they will be able to agree on what to do. I don't think a lot of these people are ready to give up control of their currency to the same people that just brought everybody to the brink of collapse.

Nikkei 225 7,548.62 1:48AM ET Up 350.37 (4.87%)
Hang Seng 12,431.97 1:53AM ET Up 430.44 (3.59%)
Shanghai Composite 2,137.82 1:52AM ET Up 3.94 (0.18%)
Straits Times 1,545.29 1:54AM ET Up 51.76 (3.47%)

posted on Mar, 13 2009 @ 01:14 AM
@ hastobe: Just to many different private issues in all these countrys...I don't see it either...

Citigroup Inspired Bear Market Suckers' Rally - There Are Still Lots of Gamblers Out There - Until These Manipulators Are Wiped Out, There Will Be No Recovery

By Matthias Chang
Thursday, 12 March 2009 13:47

So long as the filthy rich global gamblers are alive and able to manipulate the stock markets, the currency markets, the oil markets and the derivative markets, there can be no genuine recovery for the global economy.

The reason is simple.

There has been such a massive and unprecedented malinvestment and misallocation of capital resources from productive endeavours to the global financial casino in the last twenty-five years, that when the global financial system collapsed in 2007, the real economy starved of essential capital and other resources went into a tailspin in 2008 throughout the Western developed economies. We are now witnessing the pernicious effects spreading throughout the global economy. No one and no economy has been spared!

The gamblers know that unless they can keep suckers coming back to the financial casino on the false promise that not only can they recover their losses, but more importantly, they have better than an even chance to make good money, these financial rapists would in turn be wiped out for good.

Vikram Pandit, Citigroup Chief Executive is a financial fraud par excellence and in testimonies to the US Congress has been lying about the bank’s balance sheet to the extent of short changing the US taxpayers of the value of securities that were pledged to secure the bailout to the tune of US$19 billion.

Financial analysts, including our idiots in Malaysia’s financial dailies and radio talk-show hosts were so taken up by the announcement of the alleged profits in the first two months of 2009 by this crook, that they have commented that the market has bottomed and this good news has sparked the rally and will continue to boost market sentiments.

If there is an example of a drowning man grasping at straws, this is it!

Anyone who believes in this trash is an idiot and I hope that every penny that they still have will be wiped out when this manipulated bear rally fizzles out in the next few days and that they will be forced into bankruptcy. They deserve no pity whatsoever.

Citigroup is bankrupt in law and in fact, notwithstanding the massive bailout by the US Treasury and the Fed. The fact that it has been “nationalised” does not change the financial status of the bank.

I will give a simple analogy.

You have a business which has gone into receivership (“conservatorship” in US jargon) and the receivers and managers are now winding up the affairs of the company. Creditors are all lining up to take whatever remaining of the company’s assets in part settlement of the credit extended (hopefully 5 cents to the dollar). Just because, the receivers and managers sold some assets and were able to obtain a better price than expected, would this good news change the status of the company?

So what is all this baloney that Citigroup is now on the road to recovery and this is an indication of a turn around in the US economy. The once mighty Citigroup had a market capitalisation of over $250 billion, just a year ago and it has now slumped to less that $8 billion, its share price hovering around $1.05.

Common sense tells me (and I am truly amazed why so many refuse to apply common sense) that if in fact Citigroup is on the road to recovery, this unscrupulous banker, Vikram Pandit would call for a global press conference to announce this fantastic news. Champagne would be flowing again at corporate headquarters.

Compare and contrast what Tiger Woods did when he had recovered from his knee operation. He gave a global press conference and went out to compete again in one of the most demanding match-play tournaments. And although he did not win the tournament, there was ample evidence that he had recovered, but it was also obvious that he needed more time and matches to get back to his normal groove!

But no, this Pandit sent out a so-called memo to his staff, which was conveniently leaked to the mass media (and knowing the gullibility of the stock market idiots) so as to lend credence that this confidential information must be true.

Surely the duty is first to inform officially the shareholders and taxpayers who have bailout the bank. But the preferred method of disclosure (and we are suppose to be in the age of transparency and good governance) is by way of a memo to the staff.

The actual memo has not been reproduced in full by the mass media. But surely the quoted words attributed to this financial crook is sufficient even to a first year student in economics and or finance that the so-called profit is bullspit and horsespit!

I quote:

“In fact, we are profitable through the first two months of 2009 and are having our best quarter-to-date performance since the third quarter of 2007. The bank had US$19 billion of revenue in January and February before disclosed write-downs.”

If you cannot detect the stupid nonsense from this quote, you have no business to be an economist, a banker, an accountant, an investor and or a regulator!

Firstly, two months revenue does not make a quarter.

Revenue is meaningless by itself if your debts are far, far greater than your revenue.

Revenue or income is only one side of the balance sheet.

The financial idiots who put out this piece of spit should be hounded down, hung from the street lamp-post and then tarred and feathered, the preferred punishment by the Irish Republican Army against traitors and other scumbags during the British colonial occupation of Ireland.

To the citizens of America: if you don’t bring a class action against Vikram Pandit, you bloody deserve to be financially raped and plundered by these crooks!
Hhhmmm...pretty much sums up my thoughts and feeling about the current situation...nuff said!!!

S&P 500 0.00 748.40 3/13 1:30am
Fair Value 747.45 3/12 10:06pm
Difference* +0.95

NASDAQ -0.25 1162.75 3/12 11:55pm
Fair Value 1165.80 3/12 10:06pm
Difference* -3.05

Dow Jones -28.00 7088.00 3/12 10:48pm
Nikkei 225 7,542.99 1:53AM ET 344.74 (4.79%)
Seoul Composite 1,130.63 1:53AM ET 2.24 (0.20%)
Shanghai Composite 2,142.509 1:49AM ET 8.628 (0.40%)
Gold $924.89

[edit on 3/13/2009 by Hx3_1963]

posted on Mar, 13 2009 @ 01:26 AM
reply to post by Hx3_1963

You are little bit more well versed in these subjects than what I am and I'm learning. But yea, it chews my bones too.

So, know any good lawyers there Hx3?

Here you go I just got this link from a thread that just popped up.

This is the thread here

Not good, not good at all.

[edit on 13-3-2009 by Hastobemoretolife]

posted on Mar, 13 2009 @ 01:39 AM
reply to post by Hastobemoretolife
If I had any kind of money on the line with them I'd sure find one fast...

I haven't had any dealings in Citi businesses for many years...I got tired of more fees, charges & hassles...I use a local credit union now...

Less interest for me, but, free MC debit card, free checks/checking & a ton of free ATM's around the Tri-County area...

I know CU's are not safe either FDIC/UACU could still fold sooo...

I just keep my eyes & ears to the grindstone and wait for the signs...meantime I'm stocking up along the way...

posted on Mar, 13 2009 @ 01:47 AM
reply to post by Hx3_1963

I feel ya. I deal with a regional bank and they checked out well, been around for a long time. High interest rates on their loans even if you have good credit type of bank.

I'm broke anyway so it doesn't matter to me. I have enough to pay my bills and that is about it and buy a little extra for the long haul here and there.

I saw a thread somewhere where some economics professor found out that the major banks weren't paying into the FDIC from 1996 to 2007. Who knows if it is true but it wouldn't surprise me. Everybody is freaking corrupt.

It is like one part of me wants the market to hit a circuit breaker before 10am and set everything into a tailspin and another part of me wants the Bozos in Washington to get their heads out of their rears and do the right things.

But everyday I keep leaning further to the former.

posted on Mar, 13 2009 @ 02:08 AM
reply to post by Hastobemoretolife
Star 4 U!

I just crossed that China link you posted good stuff/bad news...

Guess between the G-20 & China uncle sams ass is over a nice BBQ pit now...

All this is depressing, everyday I go through the headlines it's just mind-numbing anymore...

I just wonder how "they" can look into the camera, lie and still keep a straight face...

S&P 500 -0.90 747.50 3/13 3:00am
Fair Value 747.45 3/12 10:06pm
Difference* +0.05

NASDAQ -0.25 1162.75 3/12 11:55pm
Fair Value 1165.80 3/12 10:06pm
Difference* -3.05

Dow Jones -9.00 7107.00 3/13 2:36am
Gold $922.38
Nikkei 225 7,569.28 2:00AM ET 371.03 (5.15%)
Shanghai Composite 2,131.29 2:51AM ET -2.59 (-0.12%)
Seoul Composite 1,126.03 2:02AM ET -2.36 (-0.21%)
Hang Seng 12,422.79 2:52AM ET 421.26 (3.51%)

posted on Mar, 13 2009 @ 02:30 AM
I know very little about the world of finance, but this "rally" feels Very "artificial" to me.

Almost as if the banks are working in collusion with the government to somehow "instill confidence" back into the Market, and show the rest of the world that the US is still "in the Game".

But that's just "Crazy Talk", right?

I mean, really, Big Finance and/or Big Business never work (shall we say, conspire?) with Big Government toward mutually beneficial goals, do they?

Now granted, at the highest levels of power, there is no such thing as National Identity; the real movers and shakers do not recognize any substantial differences in the various political demarcations we plebians hold (somewhat tenuously) to.

We are just pawns on their vast chessboard, to be moved and, if needed, sacrificed, to their plans and whims.

But let's step back a moment. Take another view from a different perspective, so to speak.

What if what we are witnessing is actually a strategic ploy designed to confound the "enemy" in a a new kind of World War: A Monetary War?

From the Thread "What did Berneke Say They can't Tell Us?", ATS 09/24/2008:

The US has suffered nothing short of a "De-capitating" strategic attack.

The weapon used was a monetary "Trojan Horse", which may very well prove to be more devasting to the basic fabric of our Nation than if an enemy had detonated dozens of nuclear weapons against our cities.

Our oppenents (soon to be our landlords/overlords?), by skillfully understanding the basic motivations of our "free market" financial system, have exploited the operative psychology of the market against the economy which depends upon it. They now hold the very fate of our Government in their hands: subject to demands of extortion and political obedience.

And make no mistake about it: This $700 billion "bail-out" is intended as just the first of a series of monetary and policy (foreign/domestic) demands. (Emphasis Added)

Ultimately, the goal is to effectively remove the US as a force on the world stage: Reducing the once great US to the status of a financial, possibly literal, "Client-state".

Why has no one in officialdom addressed this possibility?

Perhaps the fear is that if this were to be proved to true, the truth would inexorably lead to a demand for retribution: And an actual shooting war with China.

And no wants to start what will devolve into WWlll.

Wasn't it a Chinese general, Lao Tzu (Sp?), who instructed always make your enemies think that you are stronger than you really are?

Let's see how well we've played this hand.

posted on Mar, 13 2009 @ 02:43 AM
It's Friday the 13th!!!

Index futures point to higher Wall St open

Banks help European stocks keep winning run alive

G20 split on crisis response as talks loom

China Needs Another $2 Trillion of Treasuries: William Pesek (Opinion)
S&P 500 +3.30 751.70 3/13 8:56am
Fair Value 747.45 3/12 10:06pm
Difference* +4.25

NASDAQ -1.75 1161.25 3/13 8:51am
Fair Value 1165.80 3/12 10:06pm
Difference* -4.55

Dow Jones +41.00 7157.00 3/13 8:50am
Gold $933.47
Nikkei 225 7,569.28 3:00AM ET 371.03 (5.15%)

FTSE 100 +74.05 +1.99% 3,786.11
XETRA-DAX +58.28 +1.47% 4,014.50
CAC 40 +44.76 +1.66%

Banks Rush Bond Sales as FDIC Says It May Increase Fees to Guarantee Debt

March 13 (Bloomberg) -- Federal Deposit Insurance Corp. officials advised the largest U.S. banks on March 9 that they may be charged more for the agency’s debt guarantees, according to people familiar with the matter.

Bank of America Corp., Goldman Sachs Group Inc. and the financing arm of General Electric Co. led $29.8 billion of FDIC- backed bond sales since the meeting, making this the second- busiest week since companies began using the FDIC’s Temporary Liquidity Guarantee Program on Nov. 25, according to data compiled by Bloomberg.

FDIC officials said they plan to add a fee of 25 basis points on banks and 50 basis points on bank holding companies. Right now, it charges 1 percentage point of the amount sold on debt maturing in one year under the TLGP. The fees would be applied as of April 1 and are meant to restock the Washington- based FDIC’s deposit insurance fund, the people said.

The amount of FDIC-backed bond sales was “pretty significant,” said Greg Haendel, who helps oversee $6.2 billion in fixed-income assets as a money manager at Transamerica Investment Management in Los Angeles.

KKR Losses Show Failure to Close Loan Gap Raising Bankruptcies

March 13 (Bloomberg) -- Investment funds that purchased a majority of the lowest-rated loans during the credit boom have stopped buying, threatening to undermine President Obama’s plan to pull the economy out of the worst recession since 1982.

The funds, known on Wall Street as collateralized loan obligations, provided cash to movie-rental chain Blockbuster Inc., which is now exploring a bankruptcy filing, according to a person familiar with the situation. They also helped finance the $33 billion buyout of Nashville, Tennessee-based hospital operator HCA Inc.

Now, as an economic slowdown drags into the 16th month, borrowers unable to pay their debts are causing record losses for CLOs. Moody’s Investors Service put 760 of the funds, holding about $440 billion of assets, on review for downgrades on March 4. Unless policymakers decide to earmark some of the $11.6 trillion of government programs created to combat the seizure in credit markets to support high-yield loans, defaults may soar through 2012, according to investors.

“The game is over,” said Ross Heller, managing director at New York-based NewOak Capital LLC, an investment and advisory firm. “There isn’t going to be money available for refinancing. Companies will have to be put into bankruptcy and the debt restructured.”

It's Friday the 13th!!!

[edit on 3/13/2009 by Hx3_1963]

posted on Mar, 13 2009 @ 08:09 AM
An excellent ticker this morning

So What's This Market About?

which comes on the heels of this news item:

China’s Premier Wen ‘Worried’ on Safety of Treasuries

posted on Mar, 13 2009 @ 08:15 AM
I am seriously worried about what is going to happen if people find out citi lied or that this has all been a huge power and money grab by all of the worlds central banks. I wonder how the everyday person would act... makes me really uneasy. (Then again it may just be the tranquilizer they gave me last night!
) Lets just hope they aren't doing it to push an artificial confidence to try and sell out on a rebound.

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