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

page: 179
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posted on Mar, 25 2009 @ 02:41 PM
United States 7749.81 89.84 1.17% 16:03
NASDAQ 1528.95 12.43 0.82% 16:08
Rus 2000 426.52 10.14 2.43% 16:07
S&P 500 813.88 7.76 0.96% 16:07
Gold & Silver 138.78 3.53 2.61% 15:53
PreMetals 278.44 7.49 2.76% 16:05
Gold GOX 166.66 5.05 3.12% 16:13
Gold Bugs 334.20 12.53 3.90% 16:13
AMEX Energy 456.49 1.35 0.30% 16:13
NYSE Energy 8946.60 93.28 1.05% 16:07
Oil Services 135.91 -1.27 -0.93% 15:53
AMEX Oil 903.22 9.64 1.08% 16:07
PHLX Semi. 230.10 1.29 0.56% 15:53
NASDAQ Fin. 1640.31 58.67 3.71% 16:08
NYSE Finance 3010.49 75.20 2.56% 16:07
NBI 682.79 8.63 1.28% 16:08
AMEX BioTec 643.60 6.99 1.10% 16:14
PHLX Drug 145.10 1.92 1.34% 15:59
Canada 8810.80 -38.59 -0.44% 16:08
Brazil 41589.39 113.56 0.27% 16:52
Mexico 20272.77 30.16 0.15% 15:06
Argentina 1132.32 7.76 0.69% 17:00
Chile 2556.56 17.60 0.69% 17:07
Peru 8701.18 351.84 4.21% 14:50
Colombia 8031.19 -7.94 -0.10% 12:59
Venezuela 42911.37 724.62 1.72% 15:01
Bermuda 2303.96 -100.04 -4.16% 03/24
Jamaica 79389.52 -33.51 -0.04% 13:51

[edit on 3/25/2009 by Hx3_1963]

posted on Mar, 25 2009 @ 02:56 PM
I saw this awesome video of Daniel Hannan savaging Gordon Brown. Oh if only we had someone that could get up before congress and talk like this to Bernanke and Geithner...'

Also saw this on Bloomberg......Collapse in U.S. Inventories!
a good thing??? I think not!

posted on Mar, 25 2009 @ 03:31 PM
reply to post by redhatty

Thanks for that needed a laugh..

That was priceless, wonder if his radio show will carry the same tone.

posted on Mar, 25 2009 @ 04:31 PM
Did someone say we've been punk'd?

In so many ways on so many levels.I am about to kick someone and the cattle are running scared.

Came across this:Flowchart as to where AIG (AIU?) bailout money has actually been spent.Date of 3/21/09.

"And if you are not aware, Maiden Lane is a new financial company which was specifically created by the US FED in 'partnership' with AIG to allow the (illegal) de-facto FED purchase of distressed assets ( by law the FED can only lend it cannot buy ). Because of the formation of Maiden Lane, we still don't know who actually received that slice of AIG bailout money.

(snip)"Using the loophole it had learned during Bear Stearns, the Fed set up two new companies: Maiden Lane II and Maiden Lane III. Two dealt with the secured lending and Three the #ty credit default swaps. The Fed lent each Maiden Lane $20 billion and $25 billion and then Maiden Lane paid off the investors that had either lent AIG the money to buy the #ty mortgage backed securities (ML II) and those who had the #ty mortgages and the corresponding insurance (ML III). To avoid booking a loss on the Fed's balance sheet, because the Fed had some legal problems if either of these Maiden Lanes lost money, and because of a reporting requirement that Dodd had put into TARP which actually required the Fed to report to the Congress and the public about the cost to taxpayers from ML I, the Fed did some creative accounting. They still paid all of the investors off at full value (par), so that they didn't lose anything. But they booked the loss on AIG's balance sheet and kept Maiden Lane clean. This is the hidden story behind how AIG went from losing $38 billion during the first 9 months of 2008 to losing $61 billion in the 4th quarter.

This was all exposed at today's hearing. And despite repeated requests from Senators on both sides - Dodd, Shelby, Corker, Warner - the Fed is still refusing to say who it bailed out through Maiden Lane II and III." WHERE and WHEN does it STOP??? Seriously,I'm living in rubber chit-waders now and it's going to get tough to walk if I have to change to hip waders.
Something has to give people.

[edit on 25-3-2009 by irishchic]

posted on Mar, 25 2009 @ 04:36 PM
Why couldn't we have had Volcker instead of Timmy. At least they are getting him in th picture now althoug I don't know what he can do. Forget this stupid task force, put the man in charge.

posted on Mar, 25 2009 @ 04:42 PM
reply to post by irishchic

lol original names for their proxy companies... Maiden Lane, the street the fed is HQ at ....

posted on Mar, 25 2009 @ 04:50 PM
Moody's downgrades Wells Fargo and Bank of America stating that they will need more aid.

Either Moody's is lying or the CEO's of those companies are lying.

posted on Mar, 25 2009 @ 04:57 PM
Love it - from Zero Hedge

The Chinese Are Coming!

You know the US is screwed when China is lecturing us on capitalism.

Luo Ping, a director general at the China Banking Regulatory Commission, gave a speech in NYC decrying the upcoming depreciation of the dollar and proclaiming that China has no option other than to continue to buy US credit.

Mr Luo, speaking at the Global Association of Risk Management’s 10th Annual Risk Management Convention, said: “Except for US Treasuries, what can you hold?” he asked. “Gold? You don’t hold Japanese government bonds or UK bonds. US Treasuries are the safe haven. For everyone, including China, it is the only option.”

Mr Luo, whose English tends toward the colloquial, added: “We hate you guys. Once you start issuing $1 trillion-$2 trillion [$1,000bn-$2,000bn] . . .we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do.”

However, Mr Luo said Chinese officials would encourage its banks to finance domestic mergers and acquisitions rather than provide rescue finance to distressed financial companies in other countries: “There will be no bottom-fishing of financial institutions, particularly in the US, because there is a lot of uncertainty about the quality of the books.”

Luo goes on to decry the repeal of Glass-Steagall and posits that additional regulation in the financial industry may not be the worst thing.

Reading this, a lot sticks out. Why can't the Chinese buy British, Japanese or European debt? Currency exposure isn't a concern anymore. Why can't they reinvest domestically? China is clearly trying to defend it's massive stash of US government IOUs but look for them to quietly move away going forward.

posted on Mar, 25 2009 @ 05:04 PM
Treasury yields rise on concern there is much more supply than demand for treasuries now:

posted on Mar, 25 2009 @ 05:17 PM
Holy Crap can't Obama get anyone to work for him?

Obama's pick for EPA deputy administrator withdraws

President Obama's nominee for U.S. EPA's second highest post abruptly pulled out of the Senate confirmation process today because of an investigation into the nonprofit group where he once served on the board of directors.

more at link

More on the Bond Auction

Bond Expert Wednesday Wrap: Treasury Debacle

and because I am pretty sure that there are people who read this thread going..."What's the big deal with bonds/Treasuries" I am posting this from TF (hattip Viper) which wonderfully explains things

Essentially a treasury ("T" from now on) is an IOU. So, the gov "prints" a T and says, hey I'll sell you this $100 T for what you think it's worth and in 10 years give you back $100. The market sets the going rate for those T's based on demand. Say the going rate for that T is $97.50. That means you pay $97.50 for it today and then hold it to maturity (10 years) and the gov gives you back $100 after 10 years, for a gain of $2.50 or 2.5%.

If demand drops for that T then the price goes lower to entice more buyers.

Simple supply and demand.

If the price drops to $95 then the yield on that T when held to maturity rises to $5 or 5%.

So, you can see that T price and yield are inversely related. Higher demand, higher price, lower yield. Lower demand, lower price, higher yield.

Now, since T's are normally seen as the "safest" place to park your cash, if investors are scared and think the stock market is going down they move into T's, thus upping demand, upping T price, and dropping the yield.

If investors think the market is going to rally they sell their T's so they can buy stocks, thus dropping T demand, dropping T price, and upping yield.

You are correct about what KD said happened yesterday. And if you check today, stocks are down, but T yield is also up. That signals investors dumping stocks, but also dumping T's. Not normal. This indicates that foreigners, like China may be dumping T's.

You have it a little backwords on the China, fed buying thing. It's not if China sells that the Fed HAS to buy. It's if the fed starts buying then China will sell! Normally, China couldn't sell without screwing themselves. Before they could sell a fraction of their T holdings the market would be flooded with them and T price would plummet. Then the rest of China's T's would drop in value big time and hurt them.

However, if the Fed offers to buy at premium price it gives China the ability to sell at will, without consequence of losing value before they completely divest themselves of T's.

Eventually, China and everyone else would have sold all their T's to the fed and the fed would own all of them. This means T demand would essentially be 0. Since the gov. can only fund itself through tax revenue or through selling T's it means that gov's ability to spend would be severely limited if demand for T's becomes low or 0. Now they can only spend what they collect in taxes.

Combine this with the economy going south, businesses losing money, laying off workers, gov paying more unemployment and you can see that the gov's tax revenue also drops. The end game is the gov is forced to severely contract its spending.

IE cut SS, Medicare, military, welfare, education, etc, etc. Then it's pitchfork time in a hurry, if it hasn't already happened by that point.

posted on Mar, 25 2009 @ 05:38 PM
reply to post by redhatty

Great explanation hatty!
Appreciate it and honestly,it did help me "get it" better!

This has the men in my life REALLY ticked off,can't even enjoy a decent cigar...HUGE jump here!

"On April 1st, 2009, due to the SCHIP Expansion bill passed by Congress this year, the Federal excise tax will increase from a cap of 4.87 cents per cigar to a cap of 40.26 cents per cigar."

For hatty:

Red Hat's 4Q Falls 27% on Prior Years Gain,Revenue Grows:

[edit on 25-3-2009 by irishchic]

posted on Mar, 25 2009 @ 06:17 PM
Interesting day on the the Street I would say.

Lots of bad news too. T-bills aren't selling like they should be. With things continuing to trend down I wonder how long it is going to take for them to start seriously consider confiscating IRA's, Mutual Funds, SS, 401k's, 403b's, etc.

It is just a matter of time before all that happens.

posted on Mar, 25 2009 @ 06:54 PM
reply to post by Hastobemoretolife

Lol, there's not really going to be much to confiscate in my 401K...
My mother is a retired teacher. A couple of years ago, they offered her 40K as an incentive to retire (even though she was about 10 years past being eligible). That money was put into stocks and she had to wait 10 more years before it could be withdrawn. She has barely half of that left now. She told me that she can't even bear looking at it anymore. *sigh*

posted on Mar, 25 2009 @ 06:59 PM
reply to post by redhatty

I think you may be missing the real story in all of this: politicians can't pass the vetting process.

This is like a case-study in political corruption, unfolding right before our eyes.

posted on Mar, 25 2009 @ 07:04 PM
reply to post by Avarus

That sucks for your mother. Sorry to hear that.

I know, I expect them to write a law that says that SS funds are going to be diverted to help "stimulate" the economy and well be suspended until the economy recovers.

Even though 401k's and 403b's have about dried up they will still take the money and put it into a government fund similar to SS, but you won't be able to access the money for a certain amount of years.

Not to mention if Timmy gets the power he is looking for 401k's are going to take an even bigger beating.

I know it is coming though, I don't know how long it is going to be because the public outrage will be tremendous. But when tax receipts come back after April 15th, and T-bills continue to decline and with more of our debt being monetized, and the inability of our pres to realize that the government is going to be forced to cut its budget. There is going to be huge turmoil and he is too inexperienced to handle the situation.

Things are not looking good. At this point it is beginning to look like they are intentionally crashing the dollar. That isn't news to us, but to the rest of the people it is.

posted on Mar, 25 2009 @ 08:13 PM
Pardon if this is a Re-Post...

City alarm as Treasury fails to sell Government gilts

Britain's ability to borrow tens of billions of pounds to fight the economic crisis has been called into question after the Treasury failed to sell Government gilts for the first time in more than a decade.

Fears are growing on the financial markets that Britain may not be able to repay the billions of pounds in debt it is amassing to rescue banks and revive the economy.

The Government admitted yesterday that, for the first time since 1995, investors had been unwilling to buy the full complement of its so-called gilt-edged bonds at one of its official auctions.

Gilts are the financial instrument it sells to investors to fund public spending. If future gilt sales are unsuccessful, it could be devastating for Gordon Brown because he might have to scale back his spending plans.

The failure of yesterday’s auction followed a warning from the Governor of the Bank of England on Tuesday that the country could not afford to introduce another fiscal stimulus package of spending rises and tax cuts.

Although some experts attributed the failure to confusion in the market, rather than concern over Britain’s solvency, it was highly embarrassing for Mr Brown coming just days before world leaders are due to meet in London for the G20 summit to discuss the economic crisis.

George Osborne, the shadow Chancellor, said: “The failed gilt auction, the first for many years, should be of real concern to everyone.

‘‘It is too early to say, but the risk is that at some point the Government will not be able to fund its huge debts.”
More at link...

G20 summit: London prepares for lockdown
Nikkei 225 8,492.09 9:36PM ET 12.10 (0.14%)
Seoul Composite 1,237.00 9:36PM ET 7.98 (0.65%)

New Zealand 2615.92 -14.40 -0.55% 14:15
Australia 3571.20 25.00 0.70% 12:50
Nikkei 225 8473.01 -6.98 -0.08% 10:17
TOPIX 815.56 -2.93 -0.36% 10:18
TSE 2nd Sec 1833.23 -18.95 -1.02% 10:18
JASDAQ 40.68 -0.44 -1.07% 10:18
Korea 1237.54 8.52 0.69% 10:30
Taiwan 5383.79 37.41 0.70% 09:50
Taiwan OTC 80.61 1.72 2.18% 09:30
Shanghai 2305.43 13.88 0.61% 09:37
Shanghai A 2419.90 14.60 0.61% 09:37
Shanghai B 153.19 2.07 1.37% 09:37
Shenzhen A 802.15 5.36 0.67% 09:35
Shenzhen B 345.12 3.21 0.94% 09:35
SHSZ 300 2423.45 22.12 0.92% 09:35
Shenzhen comp 8819.46 63.21 0.72% 09:35
Hong Kong 13622.11 -288.23 -2.07% 03/25
HK CN Ent 7966.99 -96.30 -1.19% 03/25
HK Aff Crp 3083.68 -67.31 -2.14% 03/25
Singapore 1724.19 32.51 1.92% 09:22
SGX China 52.39 0.64 1.24% 09:49
Vietnam 277.63 0.00 0.00% 08:37
Thailand 436.92 -1.24 -0.28% 03/25
Philippines 1948.75 9.21 0.47% 09:49
Malaysia 882.20 3.39 0.39% 09:50
Indonesia 1419.97 -16.14 -1.12% 03/25
India 9667.90 196.86 2.08% 03/25
Pakistan 4797.87 34.24 0.72% 03/25

[edit on 3/25/2009 by Hx3_1963]

posted on Mar, 25 2009 @ 08:58 PM
Another piece of the oh so obvious puzzle. Remember, it's a chess game.

Pentagon report: China's military expanding its capabilities

Pentagon report: China's missile development "shifting balance of power in region"
Beijing's lack of transparency could lead to unintended conflict, report says
Cessation of talks between nations' militaries partly to blame, U.S. admiral says
Report: Cyber warfare capability among the few areas of China's "truly global" reach

posted on Mar, 25 2009 @ 09:15 PM
reply to post by Hx3_1963

This is happening to us right now and yet we are all happy to keep on doing it. Borrow, spend, borrow, spend, borrow, spend....And it will never end. At least not until this happens and the US HAS to declare bankruptcy.

Here at ATS we're starting to sound like an oracle speaking through broken records.

posted on Mar, 25 2009 @ 10:13 PM
Good evening all of my new found "up to the minute" friends...
Another scary day today - in the unemployment world.
I was lucky enough to be at work all day.

Arnold has decided to open a new tent city in California....
at the fairgrounds for the newly homeless...


Old Second National Bank -62
Exterran -150
Kellogg's Cuts Production Workers
Greka Energy -30
CA Unemployment Forecast 12%
Halliburton Planning More Cuts

IBM Layoff Update -5,000
and how interesting....
IBM Transfering USA Jobs To India

Moosehead Brewery -13
Canadian Broadcasting Corp. -800
BFG Industries Cutting Heads
Columbus Components Group -135
LM Glasfiber -725 Charlotte Transit System -10
Visual Resumes Pick Up Steam
Craftex Mills Closing Plant -80
RainSweet Closing Onion Plant -120
Semitool Inc. Layoffs Coming -520
Atlanta Journal-Constitution -93
Appalachian State U. Cuts 200 Classes
Android Industries May Close -250
Synovus Financial -200
Syracuse NY Schools -70
Alienware Closing 2 Plants

Flint MI May Close 8 Schools
also in Flint

Flint Contemplates Shutting Down Some Neighborhoods
Tracy Samilton
ANN ARBOR, MI (2009-03-18)
Nearly a third of the homes in Flint have been abandoned. Some Flint officials say it's time to consider shutting down parts of the shrinking city. Interim Mayor Mike Brown said last week the city might have to consider shutting down depopulated neighborhoods. His spokesperson later stressed the remark was hypothetical. But Dan Kildee says it's time to seriously consider it. He runs the County Land Bank, which tears down blighted houses in Flint. Kildee says the city just can't afford to provide public services for its large, underpopulated footprint. sustainable part of Flint.

HSBC In UK -1,200
Lyon County NV -17
Arbitron Inc. -110
St. Vincent Infirmary -200
Hernando County Schools -200
Western Assets -100
Puyallup Schools -160
Post-Star Newspaper -11

TOTAL - 10,000+

[edit on 25-3-2009 by spinkyboo]

posted on Mar, 25 2009 @ 10:21 PM
S&P 500 +5.80 814.00 3/25 11:05pm
Fair Value 809.99 3/25 10:04pm
Difference* +4.01

NASDAQ +10.25 1243.75 3/25 10:57pm
Fair Value 1236.25 3/25 10:04pm
Difference* +7.50

Dow Jones +57.00 7737.00 3/25 10:30pm
New Zealand 2616.62 -13.71 -0.52% 15:47
Australia 3577.60 31.40 0.89% 14:08
Nikkei 225 8523.09 43.10 0.51% 11:30
TOPIX 819.75 1.26 0.15% 11:00
TSE 2nd Sec 1833.24 -18.94 -1.02% 11:00
JASDAQ 40.73 -0.39 -0.95% 11:01
Korea 1233.67 4.65 0.38% 11:47
Taiwan 5361.18 14.80 0.28% 11:08
Taiwan OTC 79.91 1.02 1.29% 10:48
Shanghai 2283.99 -7.57 -0.33% 11:07
Shanghai A 2401.18 -4.12 -0.17% 11:06
Shanghai B 152.71 1.59 1.05% 11:07
Shenzhen A 788.73 -8.06 -1.01% 11:00
Shenzhen B 341.73 -0.18 -0.05% 11:00
SHSZ 300 2415.28 13.96 0.58% 10:52
Shenzhen comp 8726.79 -29.46 -0.34% 10:52
Hong Kong 13843.54 221.43 1.63% 11:14
HK CN Ent 8252.30 285.31 3.58% 11:14
HK Aff Crp 3101.10 17.45 0.57% 11:14
Singapore 1729.98 38.30 2.26% 10:52
SGX China 52.75 1.00 1.93% 11:15
Vietnam 285.94 8.31 2.99% 10:07
Thailand 436.92 -1.24 -0.28% 03/25
Philippines 1971.02 31.48 1.62% 11:07
Malaysia 883.16 4.35 0.49% 11:07
Indonesia 1419.97 -16.14 -1.12% 03/25
India 9667.90 196.86 2.08% 03/25
Pakistan 4797.87 34.24 0.72% 03/25

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