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

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posted on Mar, 22 2009 @ 06:38 PM
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reply to post by RetinoidReceptor
 
OK good deal...thought I heard something about a holiday over there but...

Australia
S&P/ASX 200 INDEX 3,477.40 11.60 0.33% 19:22
S&P/ASX 300 INDEX 3,462.10 11.70 0.34% 19:22
ALL ORDINARIES INDX 3,414.10 9.10 0.27% 19:22

New Zealand
NZX 50 FF GROSS INDEX 2,596.18 -2.85 -0.11% 19:02
NZX TOP 10 INDEX 757.08 -1.59 -0.21% 18:58
NZX 15 GROSS INDEX 4,835.19 -9.04 -0.19% 18:58
NZX ALL INDEX 651.91 -1.17 -0.18% 18:52

@ seany: They have a bunch of analysts locked in a closet going through fridays closing numbers and asian markets trades to "Forecast" our open...through the nite they'll throw in Eastern Markets also...

The exact formula???



[edit on 3/22/2009 by Hx3_1963]




posted on Mar, 22 2009 @ 06:43 PM
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Originally posted by Seany
reply to post by Hx3_1963
 


ty sir , I think my question was , my fault for not being clearer ,soz,

Are these figures from an "open market" somewhere

or an analyst figures ?


These are traders trading futures contracts so it is over the futures markets. Specifically index futures and how they believe the markets will open based on various information. Markets usually open the way the futures designate (right now it is too early),



posted on Mar, 22 2009 @ 07:02 PM
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S&P 500 +4.70 768.80 3/22 7:46pm
Fair Value 764.67 3/21 8:18pm
Difference* +4.13

NASDAQ +4.50 1192.50 3/22 6:19pm
Fair Value 1186.77 3/21 8:18pm
Difference* +5.73

Dow Jones +37.00 7252.00 3/22 7:41pm
===
All Ordinaries 3,420.40 7:58PM ET 15.40 (0.45%)
NZSE 50 2,601.58 7:40PM ET 2.56 (0.10%)
===
Gold $951.66
Oil $52.64



posted on Mar, 22 2009 @ 07:20 PM
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comment on the Naked Capatalism blog


Does anybody remember that the last people who brought in 3% equity partners to take control of an off-balance sheet hedge fund in a no-loss deal designed solely to absorb toxic assets at inflated prices, were sent to jail by the government for misleading the public? Their names were Andrew Fastow, Jeffrey Skilling and a raft of other managers, at Enron.

The goal of their off balance sheet partnerships was to conceal where and when the real losses had occurred and thus who was responsible for them, until some later date when they could either be transferred back onto the public (Enron's shareholders) in a way they would not notice, or at least after the Enron managers had a chance to unload their shares.

Now we have a virtually identical scheme, but this time it's being promoted jointly by the banks and the US Treasury. Once again the effort is to construct a vehicle into which toxic assets can be transferred at inflated prices, positioning the public to take the losses while disguising them in the short term, and giving the managers of our biggest banks a chance to both profit now and then sell out ahead of the public.

Perhaps Lay, Skilling and Fastow should be hailed as innovators in the field of public finance.


So true

U.S. Treasury hopes to lure private equity

Hattip to Pabloescobar @ TF for this "layman's translation"


Let's parse that, why don't we?

Auction of 1 Trillion. Let's be generous and say that the auction goes for $.40 on the dollar. First loss therefore = $600 billion

That means $400 billion is now the "value" (Mark to Market exposure for the loosers anyone?)

Now, according to the article above, the FDIC will guarantee, non recourse, 85%. That means that $340 billion is guaranteed by the FDIC. Second Loss is therefore = $340 billion

Now, according to the article above, the TREASURY will put up 80% of the remaining $60 billion. Second loss is therfore = $48 billion.

The remaining amount $12 billion, is what the private investors have to put up to purchase $1 Trillion dollars!!!!! in assets. 1.2 % equity to control a nominal $1 trillion.

For a return on investment of only 50%, they would then need to only collect $18 billion dollars.

Not bad.

Who wants to bet JP Morgan and GS ex employees will be the ones buying up the 1 trillion in mortgages!

Too bad the rest of the world will explode anyway.


[edit on 3/22/09 by redhatty]



posted on Mar, 22 2009 @ 07:29 PM
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President Obama is on 60 minutes tonight - and I have NEVER been so upset with a sitting president as I became tonight.

Paraphrase to best of my recollection:

The host was caught completely off guard when Obama said, 'The bailouts are terribly unpopular; seems the only thing worse than bailing out banks seems to be bailing out the auto companies, with sentiment running 18% for and 82% against.'

Camera was going between the two and Obama has just the most ridiculous wide grin on his face and he bursts out laughing in open outright guffaws.

The host says, 'Uh...[awkward pause and attempt at quick recovery]...do you think it's....ah...good to laugh about the people's opinion?'

Obama: 'Well, you have to have some gallows humor to get through this.'

And of course, the theme is this is what was left to him, he didn't create it, he just has to deal with it (hopefully find a way to fix it)



[edit on 3/22/09 by redhatty]



posted on Mar, 22 2009 @ 07:29 PM
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reply to post by redhatty
 
Nice...I knew I'd heard of the same thing before with Enron, but, with the Treas/FDIC/Fed all behind this...what a coupe...

How short peoples memorys are...

How short traders memorys are...

Think they already know how bad this will end up?

Think they will make a killing before it does end up bad?


Edit: WOW that is colder than dry ice!!!


[edit on 3/22/2009 by Hx3_1963]



posted on Mar, 22 2009 @ 07:33 PM
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Sen. Gregg says Obama budget will bankrupt US


The top Republican on the Senate Budget Committee says the Obama administration is on the right course to save the nation's financial system.

But Sen. Judd Gregg of New Hampshire also says President Barack Obama's massive budget proposal will bankrupt the country.

Gregg says he has no regrets in withdrawing his nomination to become commerce secretary. He pulled out after deciding he could not fully back the administration's economic policies.

The senator said Obama's spending plan in the midst of a prolonged recession would leave the next generation with a country too expensive to live in.

Gregg appeared Sunday on CNN's "State of the Union."


No wonder he turned down the appointment to Commerce Secretary

Video


Color me confused - but futures are ramping right now??? +9 on the /ES

[edit on 3/22/09 by redhatty]



posted on Mar, 22 2009 @ 07:45 PM
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reply to post by redhatty
 


Nice post!!!

I beat ya to it 2 pages back, but, it's all good...if you missed it others probley did to?!?

Between the fact they'll be no real commerce in the near future and NH crafting 10th Amendment legislation...there's the answer...

S&P 500 +8.50 772.60 3/22 8:31pm
Fair Value 764.67 3/21 8:18pm
Difference* +7.93

NASDAQ +5.25 1193.25 3/22 8:14pm
Fair Value 1186.77 3/21 8:18pm
Difference* +6.48

Dow Jones +65.00 7280.00 3/22 8:27pm

...Guess this answers my prior questions...

Some are looking to make some easy money...

If that's the case it's probley bad for J6P...


[edit on 3/22/2009 by Hx3_1963]



posted on Mar, 22 2009 @ 07:45 PM
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reply to post by Hx3_1963
 


Here's the exact quote from the 60 Minutes website (I added the link to the post above)


"I just wanna say that the only thing less popular than putting money into banks is putting money into the auto industry," Obama said.

"Eighteen percent are in favor," Kroft pointed out. "Seventy-six percent against."

"It's not a high number," Obama acknowledged, with a chuckle.

"You're sitting here. And you are laughing. You are laughing about some of these problems. Are people gonna look at this and say, 'I mean, he's sitting there just making jokes about money.' How do you deal with, I mean, explain the…mood and your laughter," Kroft asked. "Are you punch drunk?"

"No, no. There's gotta be a little gallows humor to get you through the day," Obama explained. "You know, sometimes my team talks about the fact that if you had said to us a year ago that the least of my problems would be Iraq, which is still a pretty serious problem, I don't think anybody would have believed it. But we've got a lot on our plate. And a lot of difficult decisions that we're gonna have to make."


It was NOT a chuckle



posted on Mar, 22 2009 @ 07:54 PM
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reply to post by redhatty
 
Ah yes....

Takes me back to the days of ol'...

Sitting at the Banquet Table...Drumstick in hand...wenches at the beckon call...ale fer all who share the noble title...

Hhhmmm...

===
South Korea
KRX 100 INDEX 2,528.26 50.90 2.05% 20:32
KOSPI INDEX 1,193.67 22.73 1.94% 20:32
KOSPI 200 INDEX 155.75 3.17 2.08% 20:32
KOREA KOSPI 100 INDEX 1,151.51 23.28 2.06% 20:32
KOREA KOSPI 50 INDEX 1,031.39 20.72 2.05% 20:32
KOSDAQ INDEX 405.77 5.06 1.26% 20:32
KOSDAQ STAR INDEX 1,038.28 11.38 1.11% 20:32

Australia
S&P/ASX 200 INDEX 3,499.30 33.50 0.97% 20:52
S&P/ASX 300 INDEX 3,485.30 34.90 1.01% 20:52
ALL ORDINARIES INDX 3,436.90 31.90 0.94% 20:52

New Zealand
NZX 50 FF GROSS INDEX 2,598.81 -0.22 -0.01% 20:31
NZX TOP 10 INDEX 754.46 -4.21 -0.55% 20:24
NZX 15 GROSS INDEX 4,822.32 -21.91 -0.45% 20:31
NZX ALL INDEX 650.56 -2.53 -0.39% 20:26

[edit on 3/22/2009 by Hx3_1963]



posted on Mar, 22 2009 @ 08:00 PM
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reply to post by redhatty
 


I wouldn't watch him again...he was a chump on Leno.I no longer hold him as credible on anything.

I do not know what we ever did to deserve all that is happening.

Trust is a very fragile thing.

"Firms will buy toxic assets because we need them to do this":

www.foxnews.com...



posted on Mar, 22 2009 @ 08:18 PM
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S&P 500 +9.70 773.80 3/22 9:19pm
Fair Value 764.67 3/21 8:18pm
Difference* +9.13

NASDAQ +5.25 1193.25 3/22 8:14pm
Fair Value 1186.77 3/21 8:18pm
Difference* +6.48

Dow Jones +85.00 7300.00 3/22 9:12pm
===
Gold $949.74
Oil $52.56
===
All Asian Markets in the Green...except NZ

===
FX on the move...
EURO $136.61
GBP $1.4524

[edit on 3/22/2009 by Hx3_1963]



posted on Mar, 22 2009 @ 08:35 PM
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I think it is safe now to say that that our government and financial sector is grasping at straws.

I don't know who the genius is to come up with lets revisit the Enron scandal and apply it to the whole financial sector. I haven't been paying attention that long to the markets and what not, but common sense and logic tells me if it didn't work for Enron it isn't going to work for this.



posted on Mar, 22 2009 @ 08:47 PM
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reply to post by Hastobemoretolife
 
The only problem with the "New Enron" is...

Who's gonna prosecute who, when this all burns down?

They're all in this together...

You think the Captain is going to walk the plank on his own ship???



Gas went from $1.43 to $1.47 over the weekend...


[edit on 3/22/2009 by Hx3_1963]



posted on Mar, 22 2009 @ 08:55 PM
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reply to post by Hx3_1963
 


I have feeling that they are going to leave us here to rot while they all hop on their yacht's and sail to their private islands.

They are really pushing people at this point, if none of these plans work I don't know what is going to happen.

____

So what exactly is happening, when concerning deflation and inflation? I know food prices are up because co.'s are recouping their losses from the gas murder that happened this past summer.

Oil was dropping and I heard a talking head mention that was deflation, now oil is rising so is that inflation?

[edit on 22-3-2009 by Hastobemoretolife]



posted on Mar, 22 2009 @ 09:00 PM
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reply to post by Hastobemoretolife
 
The problem is...

WE/US...should of went to washington enmasse when they passed the first Bail-out...

We rolled over and just took it/wished/hoped for the best...

They knew they had us right then...

We were just going to sit in the theater...wide eyed...and watch the disaster movie play out...

Problem is...

While we were/are watching...

They're bolting and chaining the doors shut from the outside, with a can of gas and matches...

===
S&P 500 +9.80 773.90 3/22 9:41pm
Fair Value 764.67 3/21 8:18pm
Difference* +9.23

NASDAQ +5.25 1193.25 3/22 8:14pm
Fair Value 1186.77 3/21 8:18pm
Difference* +6.48

Dow Jones +77.00 7292.00 3/22 9:44pm

Edit: You can still have consumer inflation with resource deflation...

...it's called Gouging...


[edit on 3/22/2009 by Hx3_1963]



posted on Mar, 22 2009 @ 09:10 PM
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reply to post by Hx3_1963
 


Awesome, I guess we are seeing the last hurrah!. Not good.

I agree we should have ran the politicos out of town when the first bailout happened.

Things are just not looking good.

Forgot to add, since impeding financial doom is underway everybody's attention is turned towards that while we are getting raped on the necessities of life.


[edit on 22-3-2009 by Hastobemoretolife]



posted on Mar, 22 2009 @ 09:26 PM
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reply to post by Hastobemoretolife
 
It's true...has always happened this way...

Loot the Treasury on the way out...

Hell if yer gonna do something, do it right...

...And if ya notice...most people are focused on all the Washington Theatre over $165M - $218M...
(Classic Banker Manifesto)

Meanwhile in the Bat Cave...

...Mr Freeze (Obama), The Joker (Biden), The Riddler (TG) and The Penguin (BB) are dumping bags of money out of Bruce Waynes Mansion (Taxpayers) into their Brinks Trucks (GS/JPM/C/BOA/AIG/FM/FM/SM/GM/GE/ECT)...where they'll make a quick get away...
(Don't even get me going on Cat-Woman)


===
S&P 500 +9.70 773.80 3/22 10:11pm
Fair Value 764.67 3/21 8:18pm
Difference* +9.13

NASDAQ +13.00 1201.00 3/22 9:58pm
Fair Value 1186.77 3/21 8:18pm
Difference* +14.23

Dow Jones +75.00 7290.00 3/22 10:09pm

[edit on 3/22/2009 by Hx3_1963]



posted on Mar, 22 2009 @ 09:34 PM
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reply to post by Hx3_1963
 


True, True. I honestly don't see an NWO type scenario playing out of this. I see the robber barons as you said looting the treasury and getting out of dodge, to come and put back the pieces at a later date in time and try it all over again.

Hopefully after all is said and done we can come together for a common purpose and take advantage of our advanced technological advances and be some what stable and rebuild as a country. And get back on top. Which is doable as long as everybody works.

______

Everything is in the green over in the east.



[edit on 22-3-2009 by Hastobemoretolife]



posted on Mar, 22 2009 @ 09:49 PM
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reply to post by Hastobemoretolife
 
When/If this ever burns down and is rebuilt...

It's got to be the Original Bill of Rights & Constitution
(I'd say up to the 12th Amendment after that they get muddled)

No Titles of Nobility...No Lawyers in the Service of the Citizens...

No Dept of Education, Homeland Security, Federal Reserve, CIA, FBI, FEMA, ECT...none...smaller Government...

Reps & Congress shouldn't be need but a few times a year...

That's most of the problem...they think they need to be in Washington being busy bodys...making/passing laws everyday...

The Constitution covers most things fine...you should be as free as possible...with as little Government control/over sight as possible...

...sorry...ramblin' now...

===
S&P 500 +11.70 775.80 3/22 10:50pm
Fair Value 764.67 3/21 8:18pm
Difference* +11.13

NASDAQ +12.75 1200.75 3/22 10:27pm
Fair Value 1186.77 3/21 8:18pm
Difference* +13.98

Dow Jones +95.00 7310.00 3/22 10:47pm
===
Gold $951.40
===
Most Asian Markets up from between 0% - 2%

[edit on 3/22/2009 by Hx3_1963]



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