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

Well in case I missed this news or anybody here, congress passed a bill to tax about 90% the bonuses given to people while their companies were receiving bail out money.

reply to post by Elostone


Gold retraced dollar devaluation accurately.

I think that first foreign markets need to adjust, then it will be reflected on the Wall Street.

Originally posted by marg6043
Well in case I missed this news or anybody here, congress passed a bill to tax about 90% the bonuses given to people while their companies were receiving bail out money.

yes and they say the rest will be taxed by the states probably. This means that next year when these guys go to do their taxes next year we will have created some loop hole for them to get crap tons of money back as they get to write off the taxed bonus.

reply to post by whoshotJR


My husband said they will claim then as loses next year, and easy way out.

Originally posted by whoshotJR
if it was bush would you have said grits and greens also?


Here is to hoping for better days (cheers)

Hey, now! I'm white and I LOVE greens. I've been craving them all day. Let's not stereotype food, now

We do have slightly more pressing problems.


EDIT: Sorry for the outburst, but I really do get emotional when a conversation turns to greens.

[edit on 19-3-2009 by theWCH]

Dang...I expected a lot more traffic here tonite...

Either:

1) NWO has taken all into custody
2) All are drunk at a party
3) All have had NWO Hi-Jak Broadband
4) All have said F-IT!!!
5) All are at Irishchics watchin' Pole Dancing
6) Nuke has gone off and I'm dead but don't realize it yet...
7) (insert yer own end scenerio here...)


===
S&P 500 -3.80 776.30 3/19 10:06pm
Fair Value 780.17 3/19 8:56pm
Difference* -3.87

NASDAQ -2.75 1200.75 3/19 9:33pm
Fair Value 1204.12 3/19 8:56pm
Difference* -3.37

Dow Jones -30.00 7322.00 3/19 8:44pm

reply to post by Hx3_1963


Can it be all of these? heh. Actually...

#8 Hitting surfing and hitting refresh on myATS for new news!

Originally posted by Hx3_1963
Dang...I expected a lot more traffic here tonite...

Futures rarely mean anything so there isn't anything to discuss on those.

I just hope this rally doesn't abruptly end before I can load up on FAZ. Stupid check is taking too long. I wouldn't buy tomorrow in all honesty though...

reply to post by Hx3_1963


Everyone said F-It, went to Irishchics and are now drunk. A few of us are still here arguing about poor Letterman's ratings tonight.
So how are the markets performing... I'm still onboard...

Okay guys - this is not fun anymore. FOMC's announcement is causing rumbles around the world.

Fresh off the news wires - no link yet

(RU) REPORTEDLY RUSSIAN SOURCES ARE HOLDING CONVERSATIONS WITH CHINA AND OTHER EMERGING ECONOMIES ON WHETHER USD SHOULD BE USED AS MAIN RESERVE CURRENCY
- Conversations were held with other BRIC and emerging economies
- Have in the past sought to move towards a more shared basket reserve currency

Then we get a "friendly reminder" from China

China hopes U.S. will ensure security of Chinese assets


www.chinaview.cn 2009-03-19 18:27:25 Print

Special Report: Global Financial Crisis


BEIJING, March 19 (Xinhua) -- China hopes the United States will guarantee the security of the Chinese assets and investments in the U.S., China's Foreign Ministry reiterated on Thursday.

Foreign Ministry spokesman Qin Gang made the remarks in response to a question on the decision of the U.S. Federal Reserve Wednesday to spend up to 300 billion U.S. dollars to buy long-term government bonds and expand purchases of mortgage-related debt to revive the economy.

"We have noticed that the U.S. government has taken a series of measures recently to spur its economy," said Qin, adding the effectiveness of the measures should be tested by practice.

Qin said China hoped the measures would take effect as soon as possible so as to speed up the recovery of the U.S. economy as well as the healthy and stable development of the world economy, including China's.

China's foreign exchange reserves hit a record 1.95 trillion U.S. dollars at the end of 2008, the largest in the world and far exceeding that of Japan, the second-largest foreign exchange holder with 1.03 trillion U.S. dollars.

China has invested its huge foreign exchange reserves in low-risk but low-yield assets, such as U.S. government bonds.

According to the U.S. Treasury, China held 681.9 billion U.S. dollars worth of U.S. government bonds as of November.

Source

Then just a little more fuel to the fire

U.N. panel says world should ditch dollar

As we devalue the USD the rest of the world is looking to replace it as a reserve currency.

This has the potential to get really ugly really fast - like so fast we won't know what hit us

Nuttin' to see here Citizens...move along now...

Edit: Edit

[edit on 3/20/2009 by Hx3_1963]

I've been taking shots every time a news source talks about the USD being replaced.

I'm pretty drunk right now.

Poor America is going to get her butt whooped soon.

reply to post by Hx3_1963



Here!

I was actually out teaching some slick moves to three gorgeous ladies in my studio this evening without an audience,sorry.

Trust me: learning aerial movement of any kind is more work than most know but you're welcome to come by and give it a whirl!

So,I am thinking we might have an "after market" happy hour for those of us who are SO f-ing disgusted by the events of the day that they resort to a cocktail and need a bit of comic relief after the depressing and heavy market-related (lame-o for now) and even more opressive actions of the idiots at the helm and world financials.

Big O on Leno in a few but I'm a LOT more excited about Garth Brooks appearing as well.

I think people are so drained by the end of the day after trying to keep up with the charts and cheats they just drop!

reply to post by Tentickles


You strike me as someone who knows how to have a helluva' good time no matter WHAT is going on!
This could be the start of a whole new era in "drinking games" as you are describing!



redhatty: what do you think China might be thinking as the "next step?"
I read what you posted as "absolute concern" on their part and maybe even a slight warning?

[edit on 19-3-2009 by irishchic]

Originally posted by irishchic
redhatty: what do you think China might be thinking as the "next step?"
I read what you posted as "absolute concern" on their part and maybe even a slight warning?

Good Question, My flirty girl teacher

I *think* that TPTB have already reviewed the Feb. TIC data that won't be released tot he public until April and have clearly seen that there is a noticeable drop in the amount of Treasuries being bought by foreign countries.

If we go with the thought that China is already stopping or at least significantly reducing their purchase of our Treasuries, the next step would be to start calling T's in for redemption.

Between the FAIL for Coca Cola and the buying of the Chinese juice company and now the removal of Johnson & Johnson products from China's store shelves (for being unsafe no less, let's not think about the lead and melanine that was sent to us) we already have the precursors to a trade war in action.

Japan can do Qualitative easing, Europe too, but not the good ol' USA - oh no! When we try to do the same thing, everyone gets very nervous - BECAUSE the USD is the reserve currency of the world.

China and Russia are already playing the good-buddies game, I'd look for signs that Russia is getting in on the trade war game - they can do this in a significant way using crude oil as a weapon, as well as a sudden STOP of talks of bailouts from our own .gov.

We are already essentially broke, if people start calling in the markers on our debt that they hold, we will be proven bankrupt. Then we have all out .gov collapse.

I am trying to stay positive that SOMEONE in one of the .gov positions actually knows what the hell they are doing and that it will ultimately work, but........

Originally posted by redhatty
I am trying to stay positive that SOMEONE in one of the .gov positions actually knows what the hell they are doing and that it will ultimately work, but........

The U.S. still has assets and resources to back up a new currency, but yes, it will be painful. But we aren't doomed.

OK let's do some brain stormin people. What is going to happen now?

Remember I predicted that the stock market would rally for a while until late 3rd quarter. But now, with all of this new information coming out I'm rescinding my previous prediction.

I now think that we will start to fall again and quite significantly. There will be short lived tries at a rally to pronounce a bottom, but they will peter out like this one did.

People including the foreign debt buyers are starting to balk at reinvesting their hard earned money into a nation that just keeps going deeper and deeper into debt.

I predict the market to fall by at least 1000-1500 over a period of two months.

reply to post by redhatty


RED YOU ARE A GENIUS!
Okay that post just totally set off a string of former news articles I have read in my head and guess what.... most of the time when other countries have been refusing to accept items from us it has been with the excuse that they where unsafe etc. Even though in reality they where just fine.
That or saying they now required additional VERY expensive testing for said products! That is the way they are getting around the trade agreements it makes total sense now. There has been at least a dozen stories so far about other countries not accepting USA stuff because they claimed foul.....guess what the generated crisis is peoples????

reply to post by xoxo stacie


Aw shucks - I am far from genius - I am simply a news junkie :-)

Stacie, if you can compile those reports, I will be happy to help you get a thread running that covers the "Covert Trade War" that has begun!

Let me know!

Where will all of the unemployment benefits be coming from...?
We're out of money - right??

LAYOFF DAILY
3-19-2009

TheStreet.com -18
Claremont Resort -77
BP Amaco -52 Kaneva -25
NY City Public Health System -400
Kirby Risk -41 OneAmerica -114
UTC CEO: If F22 Is Canceled -3,000

Tenaris Laying Off Almost All Workers
Nearly 800 Sault Ste. Marie steelworkers will be riding out the global economic meltdown on the unemployment line by this weekend.

Mueller Brass -120
Wood Structures Inc. Closing -180
Siemens Energy Closing Plant -75
Weastec Closing Plant -185
APC Closing Plant -75
GE Energy Closes Plant -70
Belden Closing Virginia Plant -45
Lorain OH Firemen -7
New Albany-Floyd County Schools -15
Barrington Community Schools -13
New Lenox SD Teachers -122
S and K Menswear Liquidating 30 Stores
Unilever Plant Closing -110
Ustream -4
Armour-Eckrich Meats Closing -400
Commercial Vehicle Group Closing -71
MeadWestvaco Corp. Closing Plant -171
Marathon Equipment Closing -71
St. Luke's Hospital Cedar Rapids -43
Uni-Solar Idles Plants 2 Weeks -400
Morgan Olson Corp. -170
U.S. Olympic Committee -54
GE Pittsfield Plant -100
Timken Since Dec -155
City Of Baltimore -153
Naples Airport -9
Oshkosh Truck Temp Layoffs
Polsinelli Shughart Law Firm -25
U.S. Steel Corp. In Alabama -200
Dura-Bond Industries -180
Golden Moon Casino -77
ThyseenDrupp Waupaca -160
Beth Isreal -150
Graco Cuts Again -180
American Steamship Warns of Layoffs
Aventine Renewable Energy -25
Lawrence County OH -6
more layoff listing and charts
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