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

SO much good stuff on here and getting better all the time!

I decided today that I am going to a "Tea Party" on April 15th...will be one in San Antonio and there are even some planned for the smaller towns near me like Boerne,Texas.

I can't change the world but I need to feel that at in least some small way I am still in control of my rights as an American tax payer to have a voice.

We are being raped and robbed on every level and I'm sick of it.

Will probably amount to nothing on a grand scale but I can't do that nothing anymore...

I think G2 is going to be a scary mess with small substantial outcomes.

I think the markets will open strong Mon-Wed will take any profits and then it will drop.
Biden's already re-assuring the protesters,God help us if that man gets in the act!

Brown snubbed over tax
Germans wreck ‘global new deal’
www.timesonline.co.uk...

GORDON BROWN’S carefully laid plans for a G20 deal on worldwide tax cuts have been scuppered by an eve-of-summit ambush by European leaders.

Angela Merkel, the German chancellor, last night led the assault on the prime minister’s “global new deal” for a $2 trillion-plus fiscal stimulus to end the recession.

“I will not let anyone tell me that we must spend more money,” she said.

The Spanish finance minister, Pedro Solbes, also dismissed new cash being pledged at Thursday’s London summit.

“In these conditions I and the rest of my colleagues from the eurozone believe there is no room for new fiscal stimulus plans,” he said.

Nicolas Sarkozy, the French president, has insisted that “radical reform” of capitalism is more important than tax cutting.

The attacks on Brown’s ambitions for the G20 to inject more money into the world economy come at the end of a week where the prime minister has travelled to three continents to build support for his proposals.

The likely deadlock at this week’s meeting will kill any remaining hope that Alistair Darling’s April 22 budget will offer significant tax cuts.

The assault by European Union leaders also represents a defeat for President Barack Obama, who is desperate for other big economies to copy his $800 billion stimulus plan.

“There will be a very long communiqué, but there won’t be much in it,” said a Washington economist.

More at link...

Hmmm...so where does this lead the market Monday???

Higher on no new global currency...yet...
or
Lower on attacks on capitolism and no more stimulus spending for awhile?

reply to post by Hx3_1963


Radical reforms of capitalism, like say more like the french who's growth rate is just over 1% in a good year? No that's okay how bout we call Interpol in and clean house.

At least they don't want to spend anymore money, but they still have a globalist agenda.

I don't know I fell more dead ends and nothing is going to come out of the G20. Obama is going to get stonewalled, those people aren't wooed by his teleprompter speaking abilities.

It also isn't going to help his cause knowing that he just appointed an AIG official to his tax task force.

Originally posted by elston

UK may be ready for baillout from IMF (Soros)


www.timesonline.co.uk...


This recession, he explains, is a “once-in-a-lifetime event”, particularly in Britain. “This is a crisis unlike any other. It’s a total collapse of the financial system with tremendous implications for everyday life. On previous occasions when you had a crisis that was threatening the system the authorities intervened and did whatever was necessary to protect the system. This time they failed.”


Much more at link


Does Soros still have a lot of credibility?

Credibility? Soros is one of the punks responsible for the mess.

Sixty-five years later, he still thrives on danger. He famously made $1 billion on Black Wednesday by shorting the pound, earning him the label of “the man who broke the Bank of England”. Last year, as the world tipped into financial chaos, Mr Soros pocketed another $1.1 billion by correctly predicting the downturn. “I’m an expert in crises,” he says.

From breaking the Bank of England to breaking the whole financial system . . .

Just get a grip on who is who when quoting. Obviously Soros wouldn't miss the opportunity to mention that "authorities failed" to take heat off himself and lay blame on someone else.

It's a pretty bad sign - when one gets excited because layoff daily only listed
3,000 layoffs instead of 5,000-20,000 -
It's Saturday -
A minor break from the bad news is a good thing ....

]Sat 3-28-2009
LAYOFF DAILY

NEC Stops PC Sales in Aisa -270
\Washinton DC Unemployment 9.9%
Daido Metal Shutdown -290
City of Stockton -80
Presbyterian Church HQ -14
Parker Hannifin HQ -20
Rockwell Automation Closes Plant -115
Keokuk Steel Castings -32
Aleris Aluminum Cuts Again -99
Universal Brixius Closing Plant -69
Las Vegas Sands -283
Quincy Compressor -20
Cooper Tire Starts Layoffs -500
City of Springfield Mass. -31
Amazon Closing 3 Distribution Centers -210
Hillsborough County FL -1,000
FL Unemployment Rate 33 Yr High 9.4%
City of Anderson IN -12
Boston Herald -24
TOTAL 3,000+ approx

[edit on 28-3-2009 by spinkyboo]

Warning PDF file:

Economic SYNOPSES: Short essays and reports on the economic issues of the day

From St. Louis Federal Reserve Bank.

These people are WAY off base with their figures.

reply to post by projectvxn
Way off doesn't even start to cover these...

The SPF also forecasts that the unemployment rate will rise
to an average of 9 percent in the first quarter of 2010.

Hell it's 12.1% in my hometown now...1st Q of 2009...

U-6 is 14.8%...10 states are over 10%...now...

In a year from now...

[edit on 3/28/2009 by Hx3_1963]

reply to post by spinkyboo
Star 4 U!

Thanks for keeping us up to date!!!

You're as dedicated as I am, on my other thread!!!

Hedge funds vow to fight as G20 gathers
www.telegraph.co.uk...
A group of powerful hedge fund managers has warned that they are ready to quit London and move off-shore if regulations or taxes become too onerous.

The warning, made as the G20 leaders meet in London with hedge fund reform on their agenda, was part of a strong defence of the hedge fund industry given to The Sunday Telegraph by the managers last week.

In a rare show of unity, the group, which included Stuart Roden of Lansdowne Partners, Michael Hintze of CQS and Stanley Fink of ISAM, vowed to fight against the threat of too much intervention. Crispin Odey of Odey Asset Management said: "We don't have to be in London."

Last night global leaders also vowed to show unity as they try to rebuild the shattered financial system. The White House insisted there was no "gulf" between the US and Europe on how to avoid global financial meltdown.

There are fears that Germany and France will deeply oppose US plans to increase fiscal stimulus while doing little to improve regulation.

Denis McDonough, the US deputy national security adviser, said the desire for global co-operation has not been as strong for the last 30 years. France and Germany have both strongly opposed US Treasury Secretary Tim Geithner's call for all nations to create new funds worth 2pc of their GDP. The International Monetary Fund estimates that world governments have already poured more than
$2 trillion into the global financial system.

Hmmm...take that...



[edit on 3/29/2009 by Hx3_1963]

Fresh writedowns, more job cuts seen at UBS: report
www.reuters.com...

ZURICH (Reuters) - Switzerland's UBS (UBSN.VX) (UBS.N) is expected to announce more writedowns and job cuts in the coming days, Swiss newspaper Sonntag reported on Sunday.

Shares in UBS, the world's largest wealth manager in terms of assets, fell 7 percent on Friday as rumors swirled of a profit warning and more writedowns in the first quarter. The bank, one of Europe's hardest-hit in the crisis, has already written down more than $49 billion since mid-2007.

Sonntag said UBS would write down at least another $2 billion on illiquid assets, including asset categories so far not much in the spotlight such as Credit Linked Obligations (CLOs), the paper said citing people familiar with the matter.

The Swiss bank giant would also slash another 8,000 jobs, the newspaper said, including some private banking staff.

"This could already be known on April 1," Sonntag said.

TIMELINE-Hypo Real Estate's path to nationalisation
www.reuters.com...

March 29 (Reuters) - The German government has agreed to take an initial 8.7 percent stake in stricken lender Hypo Real Estate as a prelude to acquiring full control, the bank said on Saturday.

New reserve currency idea needs work-German minister
www.reuters.com...

More at Links...

[edit on 3/29/2009 by Hx3_1963]

Ok...just to refresh ya'll on where we left off on this soap opera friday...
===
New Zealand 2653.48 37.22 1.42% 03/27
Australia 3615.60 29.30 0.82% 03/27
Nikkei 225 8626.97 -9.36 -0.11% 03/27
TOPIX 824.53 -2.28 -0.28% 03/27
TSE 2nd Sec 1845.76 7.77 0.42% 03/27
JASDAQ 41.33 0.45 1.10% 03/27
Korea 1237.51 -6.29 -0.51% 03/27
Taiwan 5390.70 4.14 0.08% 03/27
Taiwan OTC 81.91 1.39 1.73% 03/27
Shanghai 2374.44 12.73 0.54% 03/27
Shanghai A 2492.27 13.36 0.54% 03/27
Shanghai B 156.98 0.97 0.62% 03/27
Shenzhen A 819.40 4.66 0.57% 03/27
Shenzhen B 351.48 3.95 1.14% 03/27
SHSZ 300 2498.93 19.14 0.77% 03/27
Shenzhen comp 8994.15 10.28 0.11% 03/27
Hong Kong 14119.50 10.52 0.07% 03/27
HK CN Ent 8481.22 -8.07 -0.10% 03/27
HK Aff Crp 3209.93 26.71 0.84% 03/27
Singapore 1745.66 -13.13 -0.75% 03/27
SGX China 53.19 0.14 0.26% 03/27
Vietnam 287.41 1.16 0.41% 03/27
Thailand 440.81 1.41 0.32% 03/27
Philippines 2040.25 51.99 2.61% 03/27
Malaysia 885.43 -0.04 -0.00% 03/27
Indonesia 1462.74 42.77 3.01% 03/27
India 10048.49 45.39 0.45% 03/27
Pakistan 4753.34 0.00 0.00% 03/27
===
Russia 721.16 -31.47 -4.18% 03/27
London 3898.85 -26.35 -0.67% 03/27
Paris 2840.62 -51.45 -1.78% 03/27
Frankfurt 4203.55 -55.82 -1.31% 03/27
Turkey 25697.25 287.42 1.13% 03/27
Hungary 11178.30 -389.97 -3.37% 03/27
Austria 1690.87 -39.96 -2.31% 03/27
Poland 24812.97 -573.28 -2.26% 03/27
Czech 787.70 -23.00 -2.84% 03/27
Sweden 655.59 -11.44 -1.72% 03/27
Finland 4709.18 -42.66 -0.90% 03/27
Norway 208.96 -5.59 -2.61% 03/27
Greece 1671.80 -42.20 -2.46% 03/27
Italy 13116.00 -101.00 -0.76% 03/27
Luxembourg 893.71 -5.23 -0.58% 03/27
Netherlands 221.73 -3.07 -1.37% 03/27
Iceland 215.48 -0.12 -0.05% 03/27
Denmark 232.50 -3.20 -1.36% 03/27
Switzerland 4872.33 -94.41 -1.90% 03/27
Spain 832.41 -15.76 -1.86% 03/27
Portugal 2056.11 -22.51 -1.08% 03/27
Ireland 2166.81 -15.55 -0.71% 03/27
Israel 744.35 26.58 3.70% 03/26
Egypt 403.60 11.24 2.86% 03/26
S. Africa 18719.70 -447.19 -2.33% 03/27
Morocco 22165.43 24.06 0.11% 03/27
Jordan 2697.01 0.00 0.00% 03/26
UAE Dubai 1588.41 -2.59 -0.16% 03/26
===
United States 7776.18 -148.38 -1.87% 03/27
NASDAQ 1545.20 -41.80 -2.63% 03/27
Rus 2000 429.00 -16.30 -3.66% 03/27
S&P 500 815.94 -16.92 -2.03% 03/27
Gold & Silver 136.14 -4.29 -3.05% 03/27
PreMetals 273.17 -8.39 -2.98% 17:23
Gold GOX 161.74 -5.18 -3.10% 03/27
Gold Bugs 325.39 -10.22 -3.04% 03/27
AMEX Energy 445.85 -14.41 -3.13% 03/27
NYSE Energy 8762.96 -263.45 -2.92% 03/27
Oil Services 132.17 -5.47 -3.97% 03/27
AMEX Oil 883.21 -27.47 -3.02% 03/27
PHLX Semi. 240.07 -5.10 -2.08% 03/27
NASDAQ Fin. 1612.88 -66.81 -3.98% 03/27
NYSE Finance 2953.72 -111.38 -3.63% 03/27
NBI 689.92 -12.24 -1.74% 03/27
AMEX BioTec 649.99 -16.79 -2.52% 03/27
PHLX Drug 143.26 -2.73 -1.87% 03/27
Canada 8821.06 -174.44 -1.94% 03/27
Brazil 41907.29 -681.37 -1.60% 03/27
Mexico 20315.17 -227.08 -1.11% 15:46
Argentina 1165.27 -6.16 -0.53% 03/27
Chile 2547.76 -3.06 -0.12% 03/27
Peru 9337.19 117.31 1.27% 03/27
Colombia 8011.87 17.68 0.22% 03/27
Venezuela 43491.81 6.40 0.01% 03/27
Bermuda 2382.59 0.00 0.00% 03/27
Jamaica 79285.87 -26.63 -0.03% 03/27
===
Baltic Dry 1678.00 -36.00 -2.10% 03/27
VIX 41.04 0.68 1.69% 03/27
Banks 29.16 -0.99 -3.28% 03/27
Insurance 2919.06 -86.22 -2.87% 03/27
Broker Dealer 80.15 -3.25 -3.90% 03/27
===
EUR-USD 1.3290 -0.0236 -1.75% 03/27
GBP-USD 1.4320 -0.0133 -0.92% 03/27
USD-JPY 97.8700 -0.8515 -0.86% 03/27
===
US Dollar 85.11 0.95 1.13% 03/27
Euro Index 132.90 -2.36 -1.74% 03/27
GB Pound 143.33 -1.24 -0.86% 03/27
Japanese Yen 102.25 0.99 0.98% 03/27
Aus. Dollar 69.42 -0.74 -1.05% 03/27
30Y T-Bond 128.55 -0.03 -0.02% 03/27
30Y T-Bond Yld 36.18 -0.33 -0.90% 03/27
10Y T-Bond Yld 27.61 0.28 1.02% 03/27
5Y T-Bond Yld 17.99 0.16 0.90% 03/27
3M T-Bill Dscnt 1.25 -0.15 -10.71% 03/27
CBOE Optn P/C 0.92 0.00 0.00% 03/27
===
Gold Futr 925.300 -16.900 -1.79% 03/27
Gold 924.10 -11.10 -1.19% 17:15
Silver Futr 13.320 0.057 0.43% 17:45
Silver 13.36 -0.18 -1.33% 17:14
Copper Futr 183.400 -0.200 -0.11% 17:45
Copper 1.8008 -0.01 -0.63% 14:43
Platinum 1134.00 -18.00 -1.58% 16:39
===
Nat Gas Futr 3.737 -0.297 -7.36% 03/27
Brent Crude Fut 51.980 -1.480 -2.77% 03/27
WTI Crude Futr 52.380 -1.960 -3.61% 03/27
Heating oil futr 143.280 -4.850 -3.27% 03/27
===
World 824.69 -2.00% 9.83% -10.38%
===
C After Hours $2.66 Change: +0.04 +1.53%
BAC After Hours $7.41 Change: +0.07 +0.95%
GS After Hours $108.12 Change: +0.04 +0.04%
JPM After Hours $27.46 Change: +0.06 +0.22%
MS After Hours $24.28 Change: -0.12 -0.49%
AIG After Hours $1.10 Change: +0.08 +7.84%
GE After Hours $10.78 Change: +0.02 +0.19%
GM After Hours $3.66 Change: +0.04 +1.10%
FRE After Hours $0.80 Change: 0.00 0.00%
===
Did I forget anything???



[edit on 3/29/2009 by Hx3_1963]

G20: If capitalism is 'overthrown', we'll lose our political freedom
www.telegraph.co.uk...

Some of the demonstrators in this week's G20 protest jamboree are demanding the "overthrow" of capitalism. Well, there are lots of things than can be done to "capitalism" – it can be undermined, suppressed, sabotaged, even outlawed – but it cannot be "overthrown" because in itself, it has no power.

It is the very opposite, in fact, of a tyranny. It is simply the conglomeration of all the transactions made between individual and corporate players in an open market. Some people may gain power through those transactions but that power is transient and contingent on their own financial success: they are not installed in immutable positions from which they can be forcibly removed in a coup d'etat.

The question we are wrestling with now – and which the G20 will certainly fail to resolve – is how much the bodies which actually do have power should undermine, suppress, sabotage or even outlaw the practice of capitalist exchange.

Those who talk of "overthrowing" capitalism are determined to depict it as a system of government in a precise parallel with socialism, when in reality, capitalism is not a system in the ideological sense.

It is, if anything, an anti-system: the aggregation of human behaviour as it goes about fulfilling particular wants and needs. It can be described in anthropomorphic terms, such as "ruthless" or "benign" but of itself has no motives and no objectives. (Gordon Brown is more than usually fatuous when he insists that markets need to have "values": only people have values, methods of exchange do not.)

:snip:

So the idea that the arguments which will dominate the summit are purely economic is quite wrong: this is about politics. The fundamental disagreement between the United States and Europe amounts to nothing less than the question of whether the great 200 year old experiment in national democracy – government of the people, by the people, and for the people – will survive.

The major dispute over the American preference for fiscal stimulus as opposed to the European priority of global regulation is at the heart of this. Europe may as well get this straight now: Barack Obama will not subject the United States to policing by an international regulatory authority, not just because he puts the economic recovery of his own nation above all other concerns (and from the point of view of the rest of the world, this is no bad thing since American recovery is essential to the future of the global economy) but because to do so would be to sign away the democratic accountability of his and all future US governments to a body in which American voters had no say.

Unlike in Europe – where the historical commitment to democracy has been patchy – America has little difficulty with the question, "who needs to be in charge of our future?" The answer is always, "we the people". Democratic self-governance, and the concept of personal freedom that underpins it, comes first and last.

More at Link...

BHO better remember we the people soon or the great 200 year old experiment in national democracy – government of the people, by the people, and for the people won't survive...as it is now...which might not be a bad thing...get back to our founding principals...

[edit on 3/29/2009 by Hx3_1963]

reply to post by Hx3_1963


I'm not looking for good things to happen on Wall Street tomorrow. Timmy was on Meet the Press morning and he was trying to explain his PPIP plan. He referred to the assets that the banks would be selling has "bad" and how if a 100 million dollar asset gets sold at 70 million, the investor will put up 5 million the treasury will put up 5 million and the FDIC will put up the rest which is 60 million.

He presented the choice in not so many words that, either the banks take the hit and we loose our financial center(bull#) or take the risk of the government aka taxpayer taking the losses.

It was so far the clearest and simple explanation that has been given so on MSM. We will see, but we do live in Bizzaro World so down is up and right is left.

[edit on 29-3-2009 by Hastobemoretolife]

reply to post by Hastobemoretolife
Now you know, the people they want to bid on those "assets", are in fact owned by the banks right?

Blackrock...Pimpco...

People are so dumb about this...the banks will use these and other hedge funds to bid against themselfs...drive up the prices...or not buy them at all...

Google who owns Blackrock...

I smell'z a Rat in the Silo...

Bet it's some kind of circular thingy...taking money out of one pocket and putting it in the other...

Morgan Stanley and BlackRock: A fact file
www.hedgeweek.com...

Merrill Won’t Sell Bloomberg, BlackRock Stakes
dealbook.blogs.nytimes.com...

UPDATE 2-BlackRock profit dives on fees slump, write-downs
www.forbes.com...



[edit on 3/29/2009 by Hx3_1963]

reply to post by Hx3_1963


I remember reading something about that. I'm sure they will get a few suckers, but for the most part I feel the plan will ultimately fail. I feel that a majority of people that will be bidding on these that aren't connected with the sellers to begin with will ask for details of the assets to make informed decisions and to find out exactly what they are buying. They will quickly find out that the numbers don't add up.

I agree with you though, that the banks are doing nothing more than shifting assets around on the tax payer dime. Those two companies that you mentioned above are still going to have the toxic assets on their books if nobody buys them. They essentially just put themselves deeper in the hole.

Then there is no contingency plan either and it also has to be approved by congress. Then even after all that Timmy was saying how it is going to take 3 months to set the program up. By that time the assets will have depreciated even more.

Sounds like it is doomed to fail even before it starts. When a liberal economist that is basically a cheerleader for this administration tells you that this plan sucks, you would think people in the admin will perk up a little and pay attention.

edit to add - Do you think class action lawsuits are in the works with all this questionable behavior going on?

[edit on 29-3-2009 by Hastobemoretolife]

reply to post by Hastobemoretolife
Star 4 U!

Just for "Getting it"!

All the Government interference is bad to begin with...let alone how slow and bogged down in red-tape it is..

We give them most of the profits, if there are any and we take most of the risk if it fails...that doesn't sound right to me...

We already lost $78B in one "deal" and $11B in IndyMac...

This "new" plan doesn't sound to promising to me either...


Edit: Oh yeah...there's some in the works already...gonna get nasty...even some states are getting in on it over pension funds...

www.google.com...

[edit on 3/29/2009 by Hx3_1963]

If anyone here wants to have a laugh and likes south park there is a funny episode that satirzes the economic problem, this is the first part.

reply to post by RetinoidReceptor
Star 4 U!!!

that is too funny...and true!!!

Luv'd the "Harkers Market" and...Opp's...it's gone...

Classic stuff...and they say people don't get it...



Asian Markets to open in a few hours...
*Holding breath whilst blueness sets in*


[edit on 3/29/2009 by Hx3_1963]

reply to post by RetinoidReceptor


Great! Thanks!
A little levity can go a long way -
Love the South Parkers!

Yeah...leave it to our kids to pay the debt...
classic!

Here's something interesting that just poped up...

G-20 Meltdown - run on bank
www.abovetopsecret.com...
g-20meltdown.org...

Hmmmmmmmmmmmmmmmmmmmmm



[edit on 3/29/2009 by Hx3_1963]