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

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posted on Mar, 19 2009 @ 09:05 AM
Dow Jones Industrial Average 7,451.13 10:03am ET -35.45 (-0.47%)
S&P 500 INDEX,RTH 790.51 10:03am ET -3.84 (-0.48%)
NASDAQ Composite 1,489.53 10:04am ET -1.69 (-0.11%)
DXY 83.01
Gold $953.42
U.S. jobless claims 646,000
FX Markets are still on the move!!!

[edit on 3/19/2009 by Hx3_1963]

posted on Mar, 19 2009 @ 09:38 AM
I could actually see a 50% cut in defense spending being a positive, if it resulted in military technology making it's way into the private sector.

You know, as long as other countries don't bomb us to high hell.

posted on Mar, 19 2009 @ 09:57 AM

Index Value: 82.88
Trade Time: 10:56AM ET
Change: Down 1.71 (2.02%)

Chopsticks down 5% since yesterday.

posted on Mar, 19 2009 @ 10:05 AM
reply to post by DangerDeath
DXY 82.87

Yep yer Chop Suey just went up 5%...

Now what about the Waiters Tip?

FTSE 100 3,877.78 10:49AM ET 72.79 (1.91%)
CAC 40 2,802.14 11:04AM ET 41.80 (1.51%)
DAX 4,091.08 10:49AM ET 94.76 (2.37%)
Gold $955.52
Oil $51.92
Gas $1.43
JPY 94.00
GBP 1.4556
EURO 1.3686

[edit on 3/19/2009 by Hx3_1963]

posted on Mar, 19 2009 @ 10:10 AM
reply to post by Hx3_1963

So, come on, this is some kind of inter-regnum? If there is no measure (reserve global currency) is it going to be some pizza-stew in the basket, the Federation of Traders rule?

It's not gonna hold...

posted on Mar, 19 2009 @ 10:13 AM
I just posted the following on another thread about the dollar no longer being the reserve currency for the world. I asked what the consequences could be for the dollar but maybe someone is this thread can enlighten some of us what the consequences would be for the markets.

Will the markets see this as a good move?

Interesting that people here have been suggesting this for months now and here we are hearing that it will be recommended to the UN Commission on 25th March. What, if any, could the consequences be for the dollar?

Persaud, chairman of consultants Intelligence Capital and a former currency chief at JPMorgan, said the recommendation would be one of a number delivered to the United Nations on March 25 by the U.N. Commission of Experts on International Financial Reform. "It is a good moment to move to a shared reserve currency," he said.

link to reuters article

posted on Mar, 19 2009 @ 10:14 AM
Interesting thread, Hussein has his role in it too...

and... is not bringing to a halt...

Index Value: 82.64
Trade Time: 11:16AM ET
Change: Down 1.96 (2.31%)

[edit on 19-3-2009 by DangerDeath]

posted on Mar, 19 2009 @ 10:19 AM
Holy Cow!!!

So much for the Financial Rally...

C 2.99 -3.57%
BAC 7.38 -4.56%
GS 101.76 -3.24%

[edit on 3/19/2009 by Hx3_1963]

posted on Mar, 19 2009 @ 10:25 AM
Just read this great analysis, Fiat World Mathematical Model, and figured I'd post a few exerpts and a link. It was good reading.

Mathematical Model

I can express the above mathematically.

Fm = Fb + MV(Fc)

Fm = Fiat Money Total
Fb = Fiat Monetary Base
Fc = Fiat Credit, the amount of credit on the balances sheets of institutions in excess of Fb

MV(Fc) is the market value Fc

Inflation is an expansion of Fm
Deflation is a contraction of Fm

If only base money was lent out (no fractional reserve lending), MV(Fc) would equal zero. The equation ensures we do not double count credit in Fm.

MV is a function of time preference and credit sentiment (ie. Belief that one can be paid back). As long as that belief was high, banks were willing to lend.

Because (at the moment) Fc (credit) dwarfs Fb (base money), the system can only hold together as long as there is belief credit can be paid back and as long as there are not defaults. Needless to say, the perceived belief that Fc can be paid back is under attack, both by rising defaults, and by sentiment. That is why MV(Fc) is collapsing.

In other words, the mark to market value of credit is contracting faster than base money is rising.

Magical Printing Press

Assume for a moment you invent a magical printing press. Your machine can print hundred dollar bills so good that the US Treasury cannot distinguish them them from the real thing. The bills are perfect in every way. Now assume you print $5 trillion worth of those bills and bury them in your back yard. Is this inflation? Surely not. Would it be inflation if $5 trillion in bills were spent and entered the economy? You bet. The key then is not how much the Fed prints, the key is how much of that money makes its way into the economy.


I agree whole heartedly with Shostak and suggest we are following the Japanese model. This has been my thesis for years.

Steve Saville points out that recent increase in base money has been many times greater than anything during the 1930s. Steve is correct as the following chart shows.

Note that the pattern leading up to the great depression and the pattern before the latest spike are nearly identical. There is no other similar pattern on the chart. And most certainly the recent spike as Saville points out is unprecedented.

Base money is indeed soaring. However, so is debt.

The credit bubble that just popped exceeded that preceding the great depression, not just in the US but worldwide. Thus, it is unrealistic to expect the deflationary bust to be anything other than the biggest bust in history. Those looking for hyperinflation or even strong inflation in light of the above, are simply looking at the wrong model.

At some point the market value of credit will start expanding again, but that is likely further down the road, and weaker in scope than most think.

posted on Mar, 19 2009 @ 10:25 AM
Next week's Treasurys auctions

$40bln in 2yr (been 40 for Jan and Feb)
$34bln in 5yr (has jumped $2bln a month from Nov)
$24bln in 7yr (up $2bln from last month in 93 the size was $9.75bln)

$98bln amazing

throw in $31bln in 3 month and $29bln in 6month on the 23rd.

The $300bln they announced yesterday is nothing - see folks

posted on Mar, 19 2009 @ 10:28 AM
reply to post by theWCH

Thanks,this is interesting info!


13 firms receiving bailout money owe 220 million in back taxes

posted on Mar, 19 2009 @ 10:35 AM
reply to post by redhatty

Bernanke is running the show alright, he has taken the promise of tax payer money to throw money in the makerts at will and with not consent from the tax payer.

Obama on the other hands is also throwing money at will to programs and incentives to corporate trying to fix their downfall as in the automakers.

All this money, all this squandering is going to catch with us sooner or later.

Now the Analysts are calling Bernanke gesture yesterday a big bad gamble because the truth is that Americans wealth builders the ones that could help bring the nation back into its feets has been forgoten.

NO plans whatsover on how America will be brought back to its feets.

Deceptions and more deception.

From the source Bernanke Inserts Gun In Mouth

January indicates that the economy continues to contract. Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment. U.S. exports have slumped as a number of major trading partners have also fallen into recession. Although the near-term economic outlook is weak

Don't they get it, very soon is not even going to be enough taxable income to fix anything at all.

If this a plan from the global elite banks to collapse the US economy to bring some time of take over our nations soverignity I will be the one of the people in the front lines fighting the fat rats.

Love this article,

The United States has always paid for its wars. For 200 years we paid for the Revolution, World War I, World War II, Korea, Vietnam, even LBJ’s Great Society, and had yet to reach a national debt of $1 trillion – until 1982. In the past eight years our government has borrowed, spent, and added $5 trillion to the national debt.

The Congressional Budget Office reported that in the first four years of the Bush term deficits were caused by: 48 percent tax cuts, 37 percent wars, and 15 percent increased spending. We kept the government on steroids during the Bush years and household debt of $7 trillion joined the binge. By the time Obama took office, the Federal Reserve had injected another $2 trillion worth of steroids. With $14 trillion in stimulation, we were losing jobs like gangbusters. Stimulation was not working.

Last year we stimulated exactly $1 trillion, $35 billion, and lost jobs. According to the Secretary of the Treasury, we have a deficit or “stimulated the economy” $960 billion this fiscal year (3/16/09) and are still losing jobs.

On Sunday, Ben Bernanke on Sixty Minutes said he saw light at the end of the tunnel at the end of the year. So any more stimulation is politically out of the question. The government, like households, should hunker down, stop spending where it can, and plug the hole of offshoring jobs in the ship of state.

[edit on 19-3-2009 by marg6043]

posted on Mar, 19 2009 @ 10:38 AM
reply to post by Hx3_1963

Holy Cow is right! This is moving rather quickly...did you see this??

posted on Mar, 19 2009 @ 10:51 AM
reply to post by burntheships
Yeah I saw this Headline in other articles...

Trying to sort it all out right now...bad...bad...bad...

DXY 82.73
Gold $959.28

posted on Mar, 19 2009 @ 10:52 AM
And the sound of one hand clapping is???????????????????????????????

posted on Mar, 19 2009 @ 10:53 AM
Dow 7,382.72 -103.86 (-1.39%)
S&P 500 782.92 -11.43 (-1.44%)
Nasdaq 1,476.44 -14.78 (-0.99%)

DX 82.69

And all of the banks are down at least 6.5%

[edit on 19-3-2009 by theWCH]

posted on Mar, 19 2009 @ 11:00 AM

Originally posted by notsomadhatter
And the sound of one hand clapping is???????????????????????????????


posted on Mar, 19 2009 @ 11:04 AM
Silly, silly...

House to Consider Tax on AIG Bonuses

The House will vote this afternoon on a bill that would impose a 90 percent income tax on $165 million in bonuses distributed to employees of the troubled insurance giant American International Group, the first of multiple steps that lawmakers are expected to take to quell public furor and tighten government control over AIG and other financial sector recipients of federal bailout aid.

While Rahm's Compulsory Voluntary Community Service is being pushed practically unnoticed through the same House...

posted on Mar, 19 2009 @ 11:11 AM
Boy oh Boy...CNBC just don't get it...

What a bunch of Fools...have Peter Schiff on and if he wasn't remote there might of been a fist fight with liesman...

Cut him off and started laughing...

Like I said...I'm waiting to see them in disheveled clothes, drunk, unshaven babbling about how they lost everything when the power goes off at the studio...

DXY 82.73
Gold $954.66

Dow Jones Industrial Average 7,406.45 12:12pm ET -80.13 (-1.07%)
S&P 500 INDEX,RTH 786.61 12:11pm ET -7.74 (-0.97%)

Citi $2.72 -0.36 -11.69%

[edit on 3/19/2009 by Hx3_1963]

posted on Mar, 19 2009 @ 11:12 AM
Naked Short Sales Hint Fraud In Bringing Down Lehman

Hey, Bloomberg is reporting what everybody already knew! Good for them! I bet the MSM jumps all over this story now that Michael Moore is getting ready to do a documentary on it.

(I kid ... Bloomberg, actually did cover naked shorting when everybody else denied it's mere existence.)

My favorite part is at the end:

To date, the commission hasn’t announced any findings of its investigation.

Pollack, the former SEC regulator, wonders why.

“This isn’t a trail of breadcrumbs; this audit trail is lit up like an airport runway,” he said. “You can see it a mile off. Subpoena e-mails. Find out who spread false rumors and also shorted the stock and you’ve got your manipulators.”

[edit on 19-3-2009 by theWCH]

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