The "up-to-the-minute Market Data" thread, page 12

Although the overall picture was unremarkable today, there have been some heavy losses in London, notably in the banking sector:

(Close): Banking firms were the big fallers on Friday on growing fears that the sector may require additional financial support from the government.

The investor unease has been caused by events in the US, specifically the news that Bank of America is to get $20bn of state aid, and big losses at Citigroup.

Barclays was the biggest faller, losing 25%. It was followed by Royal Bank of Scotland, which finished down 13%.

Meanwhile, Lloyds TSB ended 5% lower, and HSBC saw its shares decline 2.2%.

Source

Although not mentioned in the above summary, the return of short selling to the London market today may have been a major contributory factor with respect to falls in the banking sector. If so, hedge funds will likely face some awkward questions...

Here's the latest on the big banks use of billion$ in bail-out money...


Pfizer, the giant pharmaceutical, needs a few more billion$ to
buy out another major pharmaceutical Wyeth...

so somehow by mutual action??
Pfizer, and a group of major banks, Bankof America/Merrill,
Citigroup, Goldman Sachs, JP Morgan + Chase (All Whom Received
Billion$ of Bailout Moneys), for the purpose of unfreezing credit markets...

Those 4 major banks, along with Barclays (no bailout $$)
are somehow going to provide Pfizer with a major loan involving
Billions in cash...to buy ouy Wyeth
~which should result in thousands of workers getting axed, laid off ~


Yeah, buying foreign banks, & financing a pharmaceutical takeover
& taking Pfizer closer to a monopolistic position is exactly what
the bailouts and bloating of the USA debt was for ?!!

Meanwhile, the credit/loan systems are completely derailed, but the
9 or so major banks refuse to substantially conduct business which keeps the economy going...
Instead these major financial houses are hoarding all those, presently underwater derivatives... will continue to get additional bailout $$$
and will patiently wait until those lucrative derivatives can be redeemed at the profits they expected.



They don't have any 'Risk', the taxpayers will keep bailing, until the
bankers, kept afloat by the naive congress, cash in their delayed profits
with no intention of paying back the bailout monies ~~~~~>
or buying back the preferred shares the US Treasury holds
(the preferred stocks can in the future be subordinated into shell companies the banks create, thus the guaranteed 10% returns could result in ~10% of Zero~)

but that's another STORY


Related to post:

www.opednews.com...





[edit on 28-1-2009 by St Udio]

Knock . . . knock . . . knock . . .
Can I come in?
I haven't been here for some time . . . What? Yes dry, no olives please.
Thanks.

img.alibaba.com...
Sure I remember, but that's not coming anytime soon. The traders learned tricks; losing money is not what trading is all about. Time has changed: These days, the Dow gains some 200 points because of banks, and the next day, it loses 200 points because of banks. No, I'm not kidding; check it out:

Stocks Snap Winning Streak as Banks Retreat

The profit-taking eclipsed some good news out of the Capitol: The House passed the stimulus bill, handing President Barack Obama the first major legislative victory of his tenure. And government officials have discussed pouring a further $1 trillion to $2 trillion to help backstop the banking system, the Wall Street Journal said, citing people familiar with the matter. And the Federal Reserve signaled it would keep interest rates near zero for quite “some time” and would continue to use unconventional tools to battle the fallout.

But investors were done with cheering the stimulus, having bought on the run-up. Today, it was sell on the news.

Well, thanks for the martini. Gotta go.

stander: you might need something a little stronger than a Martini.

Falls across Asia portrayed here:

Warning: Current Market Data can Seriously Damage your Health

London seems quite calm at present, nonetheless:



(Note: Times are GMT)

It will certainly be interesting to see how far the DOW rises today on the back of Asian currencies being dropped in favour of the dollar.

Yikes: just noticed

Russia down 4.04%

Czech Republic down 5.14

Austria down 3.2%

Anyone thinking what I'm thinking?..


[edit on 17/2/09 by pause4thought]

reply to post by pause4thought

---

Looking pretty sad...New Zealand & Australia Curreny taking a hit also...
Eastren Europe is dragging the Eastern Markets down...

There just isn't enough "fiat" to pump into this...


Here's my Financial "Station"...a hobby site...
multimedia-mirage.redirectme.net...


[edit on 2/17/2009 by Hx3_1963]

reply to post by Hx3_1963

---

Great data site Hx. You'd better upgrade your servers, mate...

Now seeing as it's been a full 10 minutes since the last review, here we go again:

Russia -4.91%

Czech Republic -6.38%

Poland -2.9%

Austria -4.5%

We have some new faces appearing too:

Greece making a debut with -3.16%

and Sweden with -2.9%

reply to post by pause4thought

---

Dang...Financial Armageddon...I'm watching CNBC to get their rosey view

Cali now to lay of 20K workers...Kansas in trouble...

Edit: on server updates...slow 15 min delayed stats

Romania -5.88%

Icelands up though!!!

[edit on 2/17/2009 by Hx3_1963]

reply to post by Hx3_1963

---

It wasn't the 15 minute delay I had in mind. More the level of traffic you might experience after this.

Let's see the latest:

Russia -5.16%

Czech Republic -6.21%

Poland -3.14%

Austria -4.81%

Greece -3.4%

Sweden -3.3%

And now:

Finland -2.41%

Luxembourg -2.92%

Netherlands -2.31%

Interestingly London is still relatively stable at -1.63%

reply to post by pause4thought

---

I'm not sure over there...10% here? we'll see if it goes much further south huh...

Oh...yeah I"m a hobbyist running win xp iis through no-ip...jacked it up to the 40 connection limit...who'd thought anyone would would ever visit it

[edit on 2/17/2009 by Hx3_1963]

reply to post by nj2day

---

I'd say a major run on the banks in Eastern Europe (to start with). Until that happens things could, theoretically, turn back.

(I'm thinking Great Depression II here, not just bad news.)


reply to post by Hx3_1963

---

Holy Cow!

What in the World does this infer?
www.abovetopsecret.com...


Russia 568.54 -40.77 -6.69% 15:11

Czech 647.10 -51.90 -7.42% 12:46
PRAGUE STOCK EXCH INDEX 645.80 -53.20 -7.61% 06:47

Droppin' like a Stone!!!

[edit on 2/17/2009 by Hx3_1963]

reply to post by Hx3_1963

---

LOL it was just some random drive by spewing nonsense lol

Thats why I was wondering why someone would think the U.S. government would go to a foreign market to buy up its own currency...

It didn't make sense...

yah, its all coming down over there... wish I had a webcam feed to their trading floor... its gotta be chaos lol

reply to post by Hx3_1963

---

I'll leave it to nj to elaborate.

Here we go again:

Russia -6.69%

Czech Republic -7.42% (approaching terminal velocity)

Poland -3.57%

Austria -5.27% (not pretty)

Greece -3.83%

Sweden -3.3%

Finland -2.42%

Luxembourg -2.91%

Netherlands -2.95%

London -2.38% (picking up speed)

It's all getting too much, Western Europe is now starting to follow as a whole:

see it for yourself




[edit on 17/2/09 by pause4thought]

reply to post by Hx3_1963

---

LOL this will get ya going than... a CNN headline none the less:

"The stock market isn't as bad as you think"


money.cnn.com...

reply to post by nj2day

---

i saw that funny as hell

FUNDYS - The lightened holiday trade has come and gone and the markets are back at it in full force on Tuesday with risk aversion and uncertainty emerging early in Asia to prompt fresh broad based USD buying, triggering massive sell-stops below 1.2700 in EUR/USD.

Euro Takes Out Major Stops on Eastern European Concerns
www.dailyfx.com...

Failure to save East Europe will lead to worldwide meltdown
www.telegraph.co.uk...

[edit on 2/17/2009 by Hx3_1963]

reply to post by nj2day

---

(deleted, as data referred to was out of date)


[edit on 17/2/09 by pause4thought]

Mainstream Media IGNORES Iceland Revolution
  Posted 7 days ago with 96 member flags

Paul says “Next Crisis will be More Destructive”
  Posted 19 days ago with 29 member flags

Nigel Farage: The EU Titanic Has Now Hit The Iceberg
  Posted 17 days ago with 26 member flags

Here Are The 5 Worst Places To Be When The Dollar Collapses
  Posted 3 days ago with 19 member flags

The Coming Canadian Housing Crash
  Posted 13 days ago with 18 member flags

What is *THE* domino you\'re waiting for, and why?
  Posted 7 days ago with 17 member flags

Greece bank run
  Posted 11 days ago with 15 member flags

Facebook insider sales are huge red flags
  Posted 9 days ago with 13 member flags

Newest topics, updated in real-time:

Newest topics getting flags, in real-time:

Newest topics getting replies, in real-time: