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

reply to post by elston
Sooo...

Major shutdowns in fuel suppliers due to deflageration?

No sense producing energy, below break-even points????

DAMM IT...WHAT THE HELL ARE WE GONNA DO?!?!?


[edit on 3/25/2009 by Hx3_1963]

reply to post by Hx3_1963


No clue..Name one source you truly trust to tell you what's going on or what's coming and you win the game.

Originally posted by Hx3_1963
reply to post by spinkyboo

 

I know how ya feel...

My Depression thread...booming...
www.abovetopsecret.com...
(Just since morn...)

...major...Carpal Tunnel!!!

Wow - I must visit your thread more often.
I can clearly see where the carpal tunnel is coming from.


I don't know what to make of what I am hearing outside of these threads -
It's like business as usual to some degree. Rather surrealistic.

It appears that the legitimate ignorance of the masses -
in regards to "our money" -
is working out well for the guys controlling it.
Nothing new about that really -
except now -
it is on a much larger scale.
Oh my.

reply to post by Hx3_1963


Yea, it isn't looking good. Nobody is going to come out of this unscathed. You know they say nothing happens unless somebody wants it to happen. I find it interesting that Naval Research said they have "strong" evidence of Cold Fusion.

It is going to take some major breakthrough, and I mean MAJOR breakthrough to pull us out of this.

I'd say we 15% if we are lucky, we don't exactly have a strong leader to negotiate more. If I was Obama I would call in special forces and seize all the feds(federal reserve and their branches).

Cali is about to go, they are going to collapse their deficit and debt is too massive and none of the politicians have the cajones to stand up and look at the people and tell them what the deal is.

I think Michigan is going to be the 2nd. The car industry is about to dry up and things aren't getting any better. It is really hard to sell cars at any price point regardless of quality and manufacture in an economy like this.

South Carolina might be a 3rd to go. There really isn't much there as in the way of industry to keep it alive. They have BMW auto plant, and BI-lo just filed chap. 11, other than that it is all tourist based. People don't do tourist stuff if they don't have money. Also there are going to be a lot of timeshares defaulting. Although, they have a major Naval Base, boot camp for marines, nuclear power plant that produces, or use to, produce the plutonium(uranium?) for nuclear weapons.

Even though it is looking like pre-war conditions I don't think a war is going to happen. One, nobody is going to have any money, life as we know it will be over, not the end of the world, but things are going to be much much different. Two, moral isn't going to be there. After seven years of war and a constant state of fear people aren't going to be thrilled to go fight even if we do get attacked.

It isn't looking pretty.

Originally posted by Hx3_1963
reply to post by elston

 

Sooo...

Major shutdowns in fuel suppliers due to deflageration?

No sense producing energy, below break-even points????

DAMM IT...WHAT THE HELL ARE WE GONNA DO?!?!?

[edit on 3/25/2009 by Hx3_1963]

sarcasm duly noted. But wasn't that laying it on a little thick even for you?

reply to post by spinkyboo
Ya know...I keep hearing this also...

People are not seeing much of anything relating to this deflageration...

Who are these people?

Where are they?

...Nothing?

Even if they were in a cave all week they'd have to step out for something...

Is this what it appears...or...propaganda?

The First...it is...as it is...

...others...doomed to be left on the side of the road...

reply to post by Hastobemoretolife

I think Michigan is going to be the 2nd. The car industry is about to dry up and things aren't getting any better. It is really hard to sell cars at any price point regardless of quality and manufacture in an economy like this.

I live 80 Mi W of Detroit....

In fact...my town produced the first mass produced car in Michigan!!!

The whole county is deep in secondary car production...

~12%+ as of last info...I'm sure higher than that...

Sorry to get personally enraged...but...

WHAT THE HELL ARE WE GOING TO DO???!!!

Obama: "I am as mad about these bonuses as all Americans!" yeah okay

March 25 (Bloomberg) -- Senate Democrats are re-evaluating a proposal to impose heavy taxes on employee bonuses paid at insurer American International Group Inc. because of lawmaker opposition and concerns expressed by President Barack Obama.

www.bloomberg.com...

reply to post by Hx3_1963


When you are at a loss--- Post some data! Recent would be good.
Make a projection from the last three days and predict the future of futures.

reply to post by Hx3_1963


I feel your pain. Believe me 20 miles for where I'm at is about to get slammed. If I was the car companies I would call in all the GM's of the dealers and tell them that the manufacture is going to buy all used cars off the lot and then resell them and split the profit between the dealer and manufacturer.

Well we know what needs to be done, but I don't know if it is going to happen.

Colbert p**** me off, he just had some quack on his show trying push the point that unemployment during the great depression dropped to 10% after FDR's first year. I know it is comedy, but seriously.

reply to post by Donny 4 million
No Star 4 U...

...and...
===
New Zealand 2630.33 -5.01 -0.19% 17:31
Australia 3546.20 28.90 0.82% 16:47
Nikkei 225 8483.63 -4.67 -0.06% 14:55
TOPIX 816.30 3.58 0.44% 14:55
TSE 2nd Sec 1850.50 6.70 0.36% 14:55
JASDAQ 41.06 0.22 0.54% 14:55
Korea 1228.15 6.45 0.53% 14:55
Taiwan 5346.38 104.20 1.99% 13:46
Taiwan OTC 78.89 1.98 2.57% 13:46
Shanghai 2330.20 -8.22 -0.35% 14:15
Shanghai A 2445.88 -8.66 -0.35% 14:15
Shanghai B 153.36 0.03 0.02% 14:15
Shenzhen A 813.18 -1.88 -0.23% 14:00
Shenzhen B 347.44 1.48 0.43% 14:00
SHSZ 300 2451.12 -0.67 -0.03% 14:00
Shenzhen comp 8940.84 -14.00 -0.16% 14:00
Hong Kong 13837.09 -73.25 -0.53% 12:35
HK CN Ent 8161.28 97.99 1.22% 12:35
HK Aff Crp 3140.80 -10.19 -0.32% 12:35
Singapore 1698.30 -8.04 -0.47% 14:00
SGX China 52.09 0.44 0.85% 14:15
Vietnam 277.63 7.01 2.59% 11:01
Thailand 437.21 -0.95 -0.22% 12:31
Philippines 1939.54 21.85 1.14% 12:11
Malaysia 873.27 -4.65 -0.53% 14:15
Indonesia 1448.19 12.07 0.84% 12:00
India 9613.87 142.83 1.51% 11:45
Pakistan 4804.48 40.85 0.86% 09:55

[edit on 3/25/2009 by Hx3_1963]

reply to post by Hx3_1963


www.abovetopsecret.com...

Did you see this? Sounds like the bottom cards are starting to buckle.

Not good.

Contact the White House...it's time!!!
www.abovetopsecret.com...

Sorry... was off doing my thing...


@ hasto: Yep saw this earlier...

A lot of countrys are in upheavel....going to worsen...

Not just Eastern Europe...

...See South America/Africa...

...ever build a "domino city"???
I did in my School Gym in 1978...it fell..like a house of cards!!!

...Now...how poetic is that???


[edit on 3/25/2009 by Hx3_1963]

reply to post by Hx3_1963


I would say it was a bit of foreshadowing. That movie what was it called, Roll Out or something like that, about financial collapse. It is looking like it is about to come true.

I don't know, I'm not scared, just kind of worried, I have my head together, but in all seriousness all of this can happen at anytime.

One positive that I'm looking at though is that we are going to be a part of history, I just hope we make it out the other side.

reply to post by Hastobemoretolife
Sorry...

You get it...got it...good!!!!

Oh... yer part of history...10 cent on da $...

===
New Zealand 2630.33 -5.01 -0.19% 17:31
Australia 3546.20 28.90 0.82% 16:47
Nikkei 225 8479.99 -8.31 -0.10% 15:00
TOPIX 818.49 5.77 0.71% 15:00
TSE 2nd Sec 1852.18 8.38 0.45% 15:00
JASDAQ 41.12 0.28 0.69% 15:00
Korea 1229.02 7.32 0.60% 15:02
Taiwan 5346.38 104.20 1.99% 13:46
Taiwan OTC 78.89 1.98 2.57% 13:46
Shanghai 2311.09 -27.33 -1.17% 14:50
Shanghai A 2425.84 -28.70 -1.17% 14:50
Shanghai B 151.74 -1.59 -1.04% 14:50
Shenzhen A 808.58 -6.48 -0.80% 14:35
Shenzhen B 345.79 -0.16 -0.05% 14:35
SHSZ 300 2434.68 -17.10 -0.70% 14:35
Shenzhen comp 8879.06 -75.77 -0.85% 14:35
Hong Kong 13781.74 -128.60 -0.92% 14:35
HK CN Ent 8119.36 56.07 0.69% 14:35
HK Aff Crp 3122.66 -28.33 -0.90% 14:35
Singapore 1694.09 -12.25 -0.72% 14:35
SGX China 51.99 0.34 0.66% 14:50
Vietnam 277.63 7.01 2.59% 11:01
Thailand 437.21 -0.95 -0.22% 12:31
Philippines 1939.54 21.85 1.14% 12:11
Malaysia 874.81 -3.11 -0.35% 14:50
Indonesia 1445.81 9.69 0.68% 13:49
India 9603.97 132.93 1.40% 12:20
Pakistan 4802.90 39.27 0.82% 10:29

[edit on 3/25/2009 by Hx3_1963]

reply to post by Hx3_1963


If we are lucky it won't go below .05 cents on the dollar, that is .005 dollars per dollar.

I'm working on my letter. I want to make sure it is an intelligent letter.

reply to post by Hastobemoretolife
Star 4 U!!!

Good man!!!

...As patton said..."Give 'em hell son!!!"

I think it's a disgrace...that America as become a Imperial country...

...reminds me of earley uk/spanish ambitions in days gone by...

The Constitution states..."The United States should not engage in foreign controveresy...lest it distract us from our primary mission...

...the well being, liberty, and freedom of our citizens..."


===
Mixed Markets..I'd say trending down...

New Zealand 2630.33 -5.01 -0.19% 17:31
Australia 3546.20 28.90 0.82% 16:47
Nikkei 225 8479.99 -8.31 -0.10% 16:00
TOPIX 818.49 5.77 0.71% 15:00
TSE 2nd Sec 1852.18 8.38 0.45% 15:00
JASDAQ 41.12 0.28 0.69% 15:00
Korea 1229.02 7.32 0.60% 15:02
Taiwan 5346.38 104.20 1.99% 13:46
Taiwan OTC 78.89 1.98 2.57% 13:46
Shanghai 2291.56 -46.87 -2.00% 15:14
Shanghai A 2405.30 -49.25 -2.01% 15:14
Shanghai B 151.12 -2.22 -1.45% 15:14
Shenzhen A 796.79 -18.27 -2.24% 15:00
Shenzhen B 341.91 -4.04 -1.17% 15:00
SHSZ 300 2401.33 -50.46 -2.06% 15:01
Shenzhen comp 8756.25 -198.58 -2.22% 15:00
Hong Kong 13672.51 -237.83 -1.71% 15:25
HK CN Ent 8004.66 -58.63 -0.73% 15:25
HK Aff Crp 3090.75 -60.24 -1.91% 15:25
Singapore 1682.33 -24.01 -1.41% 15:25
SGX China 51.55 -0.10 -0.19% 15:40
Vietnam 277.63 7.01 2.59% 11:01
Thailand 437.21 -0.95 -0.22% 12:31
Philippines 1939.54 21.85 1.14% 12:11
Malaysia 873.93 -3.99 -0.45% 15:40
Indonesia 1434.19 -1.93 -0.13% 14:40
India 9521.33 50.29 0.53% 13:10
Pakistan 4793.29 29.66 0.62% 11:20

[edit on 3/25/2009 by Hx3_1963]

Originally posted by stander
You blame the government that is trying to send message to the greed-addicted Wall St junkies for an attempt "to kill us all." The government wouldn't get involved if the financiers didn't screw up by setting no limit to their greed. Isn't it true that it was them hidding behind all those mindless slogans about free enterprise who tried to "kill us?"

Yes, I absolutely blame the government. There are and have been regulatory laws already on the books to prevent what is happening from ever happening, but the government CHOSE not to to enforce them. We are not dealing with "Wall Street Junkies" gone amuck, we are dealing with BANKS gone amuck. The banking system has an extensive set of regulatory laws that have not been enforced. The only entity with the power to enforce those laws is the Government.

Taking away our prosperity, our wealth - to give it to Banks who were not following the rules - is a way to slowly kill the US - the people.

Millions out of work and hundreds of thousands without homes, and it all goes back to the government that, for the last 20 years, did not enforce the laws already on the books to prevent this kind of larceny from happening in the first place.

When my work becomes nothing but the tool to provide for other, rather than the tool to provide for myself, then YES, I completely believe that the government has wrongfully taken away from me a part of my life, liberty and pursuit of happiness.

IF you think the measures that they are finally taking - which will ultimately create a bigger and more powerful government and less freedom and prosperity for the people who work and produce is a good thing 0 then it is you my friend who are defending this crap, not I

Another Geithner Nominee says, No thanks...

Brosens Withdraws as Candidate for U.S. Bank-Rescue Fund Chief

Frank Brosens, a hedge fund manager who was Treasury Secretary Timothy Geithner’s choice to run the office overseeing the $700 billion bank bailout program, withdrew his name from consideration.

Brosens, a founding partner of Taconic Capital Advisors LLC in New York, confirmed in an e-mail he is no longer in the running for the job, which requires Senate confirmation. The position is currently held by Neel Kashkari, a holdover from the Bush administration.

Geithner has had a difficult time filling vacancies and remains President Barack Obama’s only confirmed appointment at the department as the administration grapples with the biggest financial crisis since the Great Depression. At a congressional hearing yesterday, the Treasury chief said that hiring isn’t easy.

“We’re finding a lot of people willing to come serve their country at this moment of challenge, and I think that’s very encouraging,” Geithner told the House Financial Services Committee. “We’re going to need some more people, though, and we’re working very hard to bring in enough talent to help us get through this.”

Also at the hearing, Geithner called Kashkari, who runs the Troubled Asset Relief Program, “an excellent public servant.”

The unit run by Kashkari, the Office of Financial Stability, was created by Congress last year in the legislation that established the financial bailout fund.

Deputy Picked

The White House earlier this week moved to fill several posts at the department, saying it would nominate Neal Wolin to be Geithner’s deputy secretary, and Lael Brainard to be the undersecretary for international affairs.

Obama also said Stuart Levey will stay on as the Treasury’s undersecretary for terrorism and financial intelligence.

Earlier this month, Obama said he would nominate three others for assistant secretary jobs at the Treasury: Alan Krueger for economic policy, David Cohen for combating terrorist financing and Kim Wallace for legislative affairs.

As he has crafted major policies on the financial bailout, including this week’s announcement on toxic assets, Geithner has relied on a team of unconfirmed counselors and officials detailed from other agencies.

Isaac Baker, a Treasury spokesman, declined to comment on Brosens’s withdrawal.

Krugman Predicts U.S. Will Have to ‘Seize’ Big Banks

Nobel laureate economist Paul Krugman said the U.S. will eventually have to “seize” big banks as the economic and financial crisis deepens.

“It’s very unlikely to produce enough gain in the prices of these assets to make the banks viable again,” said Krugman, a professor at Princeton University. “It’s a pretty bad deal for the taxpayer

more at link

and from the other side of the pond

The Czech head of the European Union presidency says the U.S. economic rescue plans are "a way to hell."

Prime Minister Mirek Topolanek says the Obama administration's stimulus package and financial bailout "will undermine the stability of the global financial market."

One day after he offered the resignation of his government, Topolanek took the EU presidency on a collision course with Washington over the economic options to solve the world economic crisis. Many EU nations favor regulation over more bailout efforts.

Wednesday's comments, made at the European legislature, come after British Prime Minister Gordon Brown called for more trans-Atlantic cooperation, lauding U.S. President Barack Obama for his willingness to cooperate.

Source

Romania gets IMF Emergency Loan

The International Monetary Fund (IMF) and other lenders have agreed in principle to provide Romania 20bn euros (£18.4bn; £26.9bn) in aid.

The IMF will lend 12.95bn euros, the European Union will provide 5bn euros and the World Bank will lend 1bn euros.

The European Bank for Reconstruction and Development (EBRD) is to invest up to 1bn euros in Romania over two years.

Romania is the third EU nation to be given IMF aid recently, after loans were given to Latvia and Hungary.

The latest IMF economic program has been agreed by its staff mission, but needs approval from the executive board and management.

Similarly the World Bank needs to agree its part of the deal and the European Commission must approve its contribution.

More at link

PetroChina Profit Falls First Time Since 2001 on Oil

PetroChina Co., the world’s second- largest company by market value, posted the first drop in full- year profit since 2001 after crude oil prices slumped and refining losses widened.

Net income fell 22 percent to 114 billion yuan ($16.7 billion), or 0.63 yuan a share in 2008, the Beijing-based company said in a statement to the Hong Kong stock exchange today. That’s lower than a median estimate of 116 billion yuan in a Bloomberg survey of seven analysts. Sales rose 28 percent to 1.1 trillion yuan.

China’s biggest oil producer and second-largest refiner joins BP Plc and Royal Dutch Shell Plc in reporting lower earnings after crude ended the year 70 percent lower than a record in July. PetroChina’s refining losses widened fourfold to 83 billion yuan because government curbs on fuel prices prevented the company from passing on higher costs to customers.

“It was a difficult year,” said Grace Liu, an analyst at Guotai Junan Securities based in Shenzhen. “They were affected by limits on oil product prices and the high cost of oil.”

PetroChina has declined 34 percent in the past year in Hong Kong trading, compared with a 39 percent drop in the Hang Seng Index. Exxon Mobil Corp, the world’s biggest company by market value, has fallen 19 percent in the period.

More at link



[edit on 3/25/09 by redhatty]

Yuan Forwards Signal Appreciation for First Time in Six Months

Yuan forwards rose the most in three months, with traders betting on appreciation for the first time since September, on speculation a $1 trillion U.S. plan to rescue banks will weaken the dollar. Bonds were little changed.

The 12-month forward rate gained 0.9 percent, the biggest increase since Dec. 17. The expansion of money supply after the Federal Reserve announced plans to buy $300 billion of Treasuries last week may lead to depreciation in the U.S. currency, the China Securities Journal reported, citing Fan Gang, an adviser to the central bank.

“The dollar has slumped against major currencies,” said Yang Shengkun, a currency analyst in Beijing at China Citic Bank Co., a unit of the nation’s biggest state investment company. “The yuan should be kept stable versus the dollar, so that it’ll become weaker against other currencies, which is good for China’s economy.”

The 12-month yuan contract traded at 6.7875 a dollar as of 5:30 p.m. in Shanghai, the strongest since Sept. 23, according to data compiled by Bloomberg. The currency’s spot rate was at 6.8296, rising 0.05 percent from yesterday’s closing level.

Since ending the currency’s peg to the dollar on July 21, 2005, the central bank has allowed it to float with reference to a basket of currencies including the euro, yen and South Korea’s won. The won has risen 11 percent against the dollar this month, the euro has gained 7.3 percent and the yuan strengthened 0.2 percent.

more at link

Failed Gilt Auction

LONDON (Dow Jones)--The U.K. government's latest gilt auction drew disappointingly poor demand Wednesday, data from the U.K. Debt Management Office showed.
The GBP1.75 billion tap of the 4.25% December 2049 Treasury gilt was uncovered, with a bid-to-cover ratio of just 0.93 times, sharply down from 2.03 at the previous auction of this bond, held Feb. 4.
It was the first uncovered convention gilt auction since 1995.
The yield "tail", or difference between the average and highest yields, a gauge of demand, was an exceptionally long 12.8 basis points, versus 0.2bp at the previous tender.
The average price was 95.24, for a yield of 4.506%.
"Having flirted with a failed conventional auction twice over recent weeks, the market has finally witnessed one, with the auction covered 0.93 times, and a further GBP65 million of bids rejected on the basis that they were just too low to be filled," said John Wraith, head of sterling rates at Royal Bank of Canada Capital Markets.
Immediate market reaction to the results was extremely negative, with the June gilt futures contract heading sharply lower.
At 1100 GMT, June gilts were down 1.00 on the day at 120.37, after a low of 119.45 made soon after the results were announced.
Gilt futures have now erased all their price gains made since the Bank of England announced its quantitative easing program on March 5.
Governor Mervyn King cast doubts about the possible size of the QE program in his testimony to the Treasury Select Committee Tuesday, which triggered a sharp selloff in gilts as traders looked to reduce unwanted long positions.
Analysts said that while the Bank of England's quantitative easing policy, specifically its reverse auctions where the Bank buys eligible gilts from the market, ought to provide gilts with support, these results highlight the potential discrepancies between demand for eligible and ineligible bonds.
"The Governor's perceived equivocation around QE yesterday has clearly created a market where eligible BOE buyback debt is slipping further back towards where it came from pre-QE, while ineligible debt is left horribly exposed to worries about the very heavy supply outlook and deep uncertainty over what support, if any, will be forthcoming from the Central Bank," RBC's Wraith said.
The BOE's QE remit covers gilts within the five- to 25-year maturity range.
Attention now turns to the BOE's fifth reverse auction Wednesday, when the Bank buys GBP3.5 billion of eligible gilts in the 2014-2019 maturity range. Results of the competitive leg of the operation will be published soon after the auction closes at 1445 GMT.

Web site www.dmo.gov.uk/

-By Keith Jenkins; Dow Jones Newswires; +44-20-7842-9495; [email protected]



(END) Dow Jones Newswires
March 25, 2009 07:27 ET (11:27 GMT)

Jim Kunstler's article this week is a must read

KD's Ticker

The End Game Approaches

It's long with embedded graphs and media and a must read!

[edit on 3/25/09 by redhatty]