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

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posted on Mar, 30 2009 @ 06:29 PM
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reply to post by Hx3_1963
 


That reminds me of a night back in October, when a friend swore up and down that "we will never have another Depression. They'll (the gov) do anything to avoid that -- they've said so."

I was like "WTF are they going to do!?!?" I swear, nobody in this country ever learns that "government intervention into the marketplace = bad, bad, bad."


(Unless it's ousting Wagoner -- I don't care what anybody says, Obama deserves a standing ovation for urging the resignation of that excessively-blinking, grossly incompetent,welfare-requesting boob).

[edit on 30-3-2009 by theWCH]




posted on Mar, 30 2009 @ 06:31 PM
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In response to

Off-Balance-Sheet - Now CREDIT CARDS




Time has expired. The "tension" is already plenty high. We are sitting on so many powder kegs that it's not even funny, the only question is whether or not we can diffuse the "tension" before a spark sets things alight. People are openly talking about violence and revolution in growing numbers... and it's not just the fringe elements of society. I was at an event Saturday night where business owners, doctors, lawyers, cops and judges (yes, more than one) and other professionals were talking about the dark clouds coming - to include violence in the streets and possible government collapse. All it's going to take is a spark. And if we have a leader to coalesce around after the spark ignites the first of the kegs, I'd say the third American Revolution is here and underway.


tickerforum.org...



posted on Mar, 30 2009 @ 07:05 PM
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American Electric Cuts Profit Forecast, Spending Plan (Update1)

March 30 (Bloomberg) -- American Electric Power Co., the biggest U.S. producer of power from coal, lowered its 2009 earnings forecast because of the recession and dilution from a planned offering of about 50 million shares. Planned spending next year will be cut by 47 percent.

Earnings from continuing operations, excluding one-time items, will be $2.75 to $3.05 a share, down from an earlier forecast of $3 to $3.40, Columbus, Ohio-based American Electric said today in a statement. Proceeds from the planned share sale will be used to reduce debt, the company said in a separate statement.

“In addition to the effect of dilution from our planned stock issuance, the ongoing economic downturn is a significant factor in our revised guidance,” Chief Executive Officer Michael Morris said in the statement. “Retail demand for electricity, primarily from our industrial customers, is down, which has a negative impact on earnings from our regulated utilities.”

The recession also is curbing the sale of power on wholesale markets, Morris said.

The statement was issued after the end of regular trading on U.S. stock markets. American Electric fell $1.03, or 4.1 percent, to $24.05 at 5:06 p.m. New York time, extending a slide of 4.5 percent to $25.08 at the close of trading on the New York Stock Exchange.

As a result of the reduced revenue, spending in 2010 will be reduced to $1.8 billion from the previously planned $3.4 billion, American Electric said. The 2009 capital budget, which was reduced in October to about $2.6 billion from more than $3.3 billion, remains unchanged.

To contact the reporter on this story: Mark Chediak in San Francisco mchediak@bloomberg.net.



posted on Mar, 30 2009 @ 07:18 PM
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reply to post by irishchic
 


And so it begins...cutting spending by close to 50% for the year ahead? Seem's to me that perhaps they are all to aware of the coming hail storm. But knowing the PTB they will play it down and another brick will be added to the ever growing wall closing us in.
Solar panels anyone? It is becoming way to obvious to me and several people I know that it is time to figure out a way to supply our own power and resources. Everyone is going into protection mode over this crisis and until they decide to come out of protection mode we are going to be fending for ourselves.
We have already been taxed to death for generations to come and they know they can't get much more out of us. It has come to the survival of the fittest on the market front once again in the world. They are vamping up to ride out the storm and those who don't see it are going to be the ones left behind in a hurry.



posted on Mar, 30 2009 @ 08:17 PM
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Nikkei 225 8,345.58 8:55PM ET Up 109.50 (1.33%)
NZSE 50 2,620.70 8:55PM ET Down 21.29 (0.81%)
Straits Times 1,694.97 9:16PM ET Up 21.83 (1.30%)

I dunno?



posted on Mar, 30 2009 @ 08:27 PM
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Originally posted by Hastobemoretolife
Nikkei 225 8,345.58 8:55PM ET Up 109.50 (1.33%)
NZSE 50 2,620.70 8:55PM ET Down 21.29 (0.81%)
Straits Times 1,694.97 9:16PM ET Up 21.83 (1.30%)

I dunno?


Fell way to hard yesterday and being that China is leading the charge out of the dollar. They have to keep things tip top for the time being.



posted on Mar, 30 2009 @ 08:31 PM
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reply to post by xoxo stacie
 


I got ya, make it look like Asia is going to be the next top spot. And possibly get the yuan as the new reserve currency. The whole call for a SDR reserve currency is probably just a ploy to put out there to see who is willing to bite. I don't know its anybody's guess at this point.



posted on Mar, 30 2009 @ 09:02 PM
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posted on Mar, 30 2009 @ 09:35 PM
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Sunday's numbers no longer celebrated -
Welcome to Monday's sad state of affairs.


LAYOFF DAILY
Mon 3-30-2009


The Daily Progress -6
InSite Vision Inc. -17
Klockner In Gordonsville -38
Boston Globe -50
HP Corvallis -249
Essar Steel Algoma -360
St. Lukes Lutheran Care Center -14
Auto Supplier Medina Blanking Inc. -83
Misc. Layoffs From TN Companies -59
GM -1 (ok - this one creeps me out - Washington in control...?)
Balzout Nitro -7
Genvec -22
Touch and Go Records -23
Another Law Firm -41
JP Morgan/Wash Mutual -8,500
Sun Micro -5,000? (correction - 1,500)
UBS -8,000
Mythic Entertainment -60
Elkhart Brass -15
GE Solar -86
San Francisco Chronicle -300
City of Flagstaff -40
Barton Group -15
American Eagle Pilots -75
Tulare County -18
City of Youngstown -34

TOTAL - 19,500+ approx

150,000 Stores Expected To Fail in '09

Economy’s Latest Victim: Shopping Malls Are Closing



The evidence is coming in that it is. The Week reports: Enclosed shopping centers, long the cathedrals of American consumerism, are closing their doors by the hundreds as the recession continues to clobber retail sales. Is America’s love affair with the mall over? The vital signs are not good. Even before the recession hit, consumers had developed mall fatigue, and the classic enclosed shopping mall was in decline. More than 400 of the 2,000 largest malls in the U.S. have closed in the past two years. The last new major mall in the U.S. opened in 2006, and only one big mall is scheduled to open this year—the troubled Xanadu mega-mall in Rutherford, N.J. (See below.) With some 150,000 retail stores projected to fail in the U.S. this year, more mall closings are imminent. Mall mainstays such as Mervyn’s department stores, Linens ’n Things, and KB Toys have already disappeared into bankruptcy, and mall vacancy rates topped 7 percent last year, the highest level since 2001. “It’s an absolute disaster,” says Howard Davidowitz, an investment banker specializing in retailers. “What a mall represents is discretionary spending, and discretionary spending is in a depression.”


Q-1 Layoff Summary By CNN

FIRST-QUARTER LAYOFFS: Selection Of Job Cuts By Major Companies


money.cnn.com...

More Layoffs For Hamilton County
Stroock Law Firm -10%


[edit on 31-3-2009 by spinkyboo]



posted on Mar, 30 2009 @ 10:12 PM
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reply to post by projectvxn
 


Novel idea indeed!
Sad...more government jobs created to watchdog more government jobs to watchdog more government jobs....

This country is going to hell in a handbasket...
www.belowtopsecret.com...'



posted on Mar, 30 2009 @ 10:14 PM
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S&P 500 +3.80 788.10 3/31 0:21am
Fair Value 783.67 3/30 9:11pm
Difference* +4.43

NASDAQ +11.50 1234.25 3/30 11:27pm
Fair Value 1220.13 3/30 9:11pm
Difference* +14.12

Dow Jones +34.00 7514.00 3/31 0:21am
===
NZSE 50 2,590.394 12:02AM ET -51.594 (-1.95%)
Nikkei 225 8,323.84 12:09AM ET 87.76 (1.07%)
Seoul Composite 1,223.54 12:10AM ET 26.08 (2.18%)
Hang Seng 13,599.29 12:15AM ET 142.96 (1.06%)

[edit on 3/30/2009 by Hx3_1963]



posted on Mar, 30 2009 @ 11:41 PM
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posted on Mar, 31 2009 @ 12:10 AM
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Not a hole lot SSDD...

Watchin' Retail Crumble...


U.S. recession seen not yet bottoming
www.reuters.com...

Department store chain Gottschalks to liquidate
www.reuters.com...

UPDATE 2-DryShips gets going concern notice from auditors
www.reuters.com...

And futures fall...

S&P 500 +2.50 786.80 3/31 1:10am
Fair Value 783.67 3/30 9:11pm
Difference* +3.13

NASDAQ +11.50 1234.25 3/30 11:27pm
Fair Value 1220.13 3/30 9:11pm
Difference* +14.12

Dow Jones +20.00 7500.00 3/31 1:03am

[edit on 3/31/2009 by Hx3_1963]



posted on Mar, 31 2009 @ 12:31 AM
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You know, I got to thinking about energy stocks today, and then I got to thinking about the upcoming consumer spending spree, which will take place by the end of the year, and be ground to a halt a few months later.

And this is one of those tools. I wrote this thread quite some time ago, it got no attention, but it wasn't the right time to be discussing the purpose of this action. I believe today would be more appropriate and so here I present it:

Unfettered Speculative Bubbles in Oil industry given BIG Boost


Edit to add:

Death of the Dollar?

[edit on 31-3-2009 by projectvxn]



posted on Mar, 31 2009 @ 12:40 AM
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GMAC, CIT face delay in issuing govt-backed debt - FT
www.reuters.com...

March 31 (Reuters) - GMAC and CIT Group (CIT.N), which converted to bank holding companies to qualify for U.S. government funds, have been unable to issue government-backed debt as regulators have yet to approve their applications, the Financial Times reported.

Both lenders confirmed to the paper that their applications were still pending at the Federal Deposit Insurance Corporation (FDIC). The agency does not comment on specific applications.

The delay in getting FDIC approval is tightening the liquidity squeeze at both companies, hurting their ability to lend, the paper said.

GMAC, part-owned by private equity group Cerberus, and CIT converted to bank holding companies more than three months ago to access government equity infusions under the U.S. Treasury's $700 billion bailout fund and also to be able to issue cheap debt backed by the FDIC.

In a report on its website, the Financial Times said GMAC was responding to requests for extra information from the FDIC, but the agency did not indicate when it would decide to approve applications.

S&P 500 +3.10 787.40 3/31 1:29am
Fair Value 783.67 3/30 9:11pm
Difference* +3.73

NASDAQ +11.50 1234.25 3/30 11:27pm
Fair Value 1220.13 3/30 9:11pm
Difference* +14.12

Dow Jones +27.00 7507.00 3/31 1:16am
===
@ VXN: You were talking about energy...

UPDATE 2-Pacific Energy Resources files Chapter 11
www.reuters.com...


US Refinery Status: Lightning Shuts Motiva Port Arthur Units
online.wsj.com...

DOW JONES NEWSWIRES
The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list.

Most recently, Motiva Enterprises LLC on Mar. 25 shut several units at its Port Arthur, Texas refinery due to a lightning storm Wednesday. During the shutdown process, two of the units had small fires, according to state environmental reports.

Total Petrochemicals U.S.A. also shut key units at its Port Arthur, Texas refinery Mar. 24. The shutdowns were due to economic factors, according to people familiar with the refinery.

Valero Energy Corp. (VLO) said March 24 that a fluid catalytic cracking unit at its Corpus Christi, Texas refinery was shut, perhaps for good.

ConocoPhillips (COP) shut the reformer at its Bayway refinery in Linden, N.J. following a fire at the plant Mar. 21. The unit is expected to start at the end of the week.

Valero said its Delaware City, Del. refinery would remain shut for an additional month. The plant has been shut during work on the coker unit. The refinery was originally slated to restart in early April.

Valero Energy Corp. (VLO) on March 20 began 14 days of planned maintenanace at a hydrocracker unit at is Benecia, Calif., refinery. The unit was originally slated to be shut in February, but the work was delayed.

For more detailed information, search Dow Jones Newswires using the code N/REF.


Significant Developments: REIT - Residential & Commercial
www.reuters.com...
www.reuters.com...

[edit on 3/31/2009 by Hx3_1963]



posted on Mar, 31 2009 @ 12:50 AM
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reply to post by Hx3_1963
 


This is nothing more than consolidation. I look at the companies whose bottom line is stronger than ever, regardless of the fact that they short their own stock and recycle the money so they can do it again. "Pretending to fail". Like the governments' motto of "Pretending to be Incompetent". That's what we're seeing from energy companies to financial institutions to the appearance of a bumbling congress who aren't even involved in WRITING the legislation, let alone reading the damned thing.



posted on Mar, 31 2009 @ 01:23 AM
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how does that irishchic spin on that pole and then recite the index numbers i usually run from red heads because im scared of them but shes not the norm shes breaking all the rules i think shes informed and has clue so i wont try to run from her i think shed catch me anyway and xoxo stacie seems to have a clue as well and can recite indexes on a dime holding faz 17.50 apr calls had a great day but probably going to give it back tomorrow i go to work and try to talk about the market and it just seems everyone wants to talk about their losses and just wait obama and his mama are going to fix it all i just dont see it thanks for this post



posted on Mar, 31 2009 @ 02:19 AM
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Economic Calendar
money.cnn.com...

Financial Rescue Approaches GDP as U.S. Pledges $12.8 Trillion
www.bloomberg.com...
===
S&P 500 +6.30 790.60 3/31 3:25am
Fair Value 783.67 3/30 9:11pm
Difference* +6.93

NASDAQ +10.75 1233.50 3/31 3:23am
Fair Value 1220.13 3/30 9:11pm
Difference* +13.37

Dow Jones +65.00 7545.00 3/31 3:15am
===
FTSE 100 3,825.02 3:26AM ET 62.11 (1.65%)
CAC 40 2,752.46 3:42AM ET 33.12 (1.22%)
DAX 4,019.62 3:27AM ET 30.39 (0.76%)
===
New Zealand 2590.39 -51.59 -1.95% 17:31
Australia 3532.30 -21.90 -0.62% 16:47
Nikkei 225 8109.53 -126.55 -1.54% 15:00
TOPIX 773.66 -15.88 -2.01% 15:00
TSE 2nd Sec 1822.87 -8.52 -0.47% 15:00
JASDAQ 41.04 -0.10 -0.24% 15:00
Korea 1206.26 8.80 0.73% 15:02
Taiwan 5210.84 4.79 0.09% 13:46
Taiwan OTC 79.10 -0.33 -0.42% 13:46
Shanghai 2373.21 15.17 0.64% 15:00
Shanghai A 2490.71 15.85 0.64% 15:00
Shanghai B 161.06 2.13 1.34% 14:59
Shenzhen A 825.32 7.07 0.86% 15:00
Shenzhen B 351.24 1.94 0.56% 14:57
SHSZ 300 2507.79 23.30 0.94% 15:01
Shenzhen comp 8981.95 71.53 0.80% 15:00
Hong Kong 13527.24 70.91 0.53% 15:00
HK CN Ent 8083.70 183.62 2.32% 15:14
HK Aff Crp 3084.00 6.47 0.21% 15:14
Singapore 1694.74 21.60 1.29% 14:52
SGX China 51.54 1.28 2.55% 15:15
Vietnam 280.67 -1.71 -0.61% 11:01
Thailand 430.18 0.58 0.14% 12:31
Philippines 1986.22 -36.89 -1.82% 12:11
Malaysia 870.59 1.25 0.14% 15:07
Indonesia 1439.63 20.54 1.45% 14:07
India 9737.10 168.96 1.77% 12:37
Pakistan 5039.13 6.73 0.13% 10:48

Sarkozy threatens to walk out of G20
www.telegraph.co.uk...

FOREX-Yen falls on year-end flows; dlr posts strong quarter
www.reuters.com...

Fortis plunges to 28 billion euro 2008 loss on banking
www.reuters.com...

Wagoner's exit puts BofA CEO Lewis in hotseat
www.reuters.com...

[edit on 3/31/2009 by Hx3_1963]



posted on Mar, 31 2009 @ 03:02 AM
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Pause, the "war on greed" Monday session wasn't so bad as I thought.




It could have been worse . . .




Managing automotive and financial portfolios these days is a lucrative job . You can afford two mistresses, not only one. Sellbuysellbuy . . .

How about 0.8% gain for tomorrow? What do you think, Pause? Or you like picking currants?



posted on Mar, 31 2009 @ 03:04 AM
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Got this lovely tid bit of a article posted all over the indicie's new's lines;
Asia stocks set for biggest jump in a decade Reuters
But wait what is this then?
NIKKEI 225 3:00am ET 8,109.53 -126.55 1.54% 8,199.43 8,236.08

Like I said they have got to make themselves LOOK good while they are trying to run everyone else off the cliff. Otherwise it may come out they are in even worse condition than all the rest. This would greatly dampen their hopes of knocking the US and EU off the pedestal and taking charge.
Other than that it looks like a good day for the European markets. All opened in the green. From 1-2% positive at the moment.

Edited for my overly long nails hitting to many keys....


[edit on 31-3-2009 by xoxo stacie]

It would seem that China has not made a good enough show!

World Bank backs strong dollar, outlines trade boost

news.yahoo.com...

LONDON (Reuters) – The dollar will remain the world's dominant reserve currency and a strong U.S. currency is critical to lifting the world out of economic and financial crisis, World Bank President Robert Zoellick said on Tuesday.

Speaking at a newsmaker event at Reuters' London office, Zoellick announced a $50 billion program to reverse a sharp drop in trade in the global crisis and urged G20 leaders to back the effort.

But he played down the chances of a dethroning of the dollar as the world's leading currency.

"I think the dollar will remain the principle reserve currency. The question will be whether you have complementary measures," Zoellick said in an interview with Reuters.

China has provoked debate about the dollar's status as the world's main unit of exchange by suggesting the wider use of Special Drawing Rights (SDR) created by the International Monetary Fund as an international reserve asset.

skip a few
"A dollar-based system and a strong dollar ... will be critical to pull us out of this hole. Over time, however, you will see discussions over the role of the dollar," he said

Also known as;;;;; we have to many dollars and if we let you tank them we are all broke.

So let us wait till we are all on better footing before we go and dump the ones giving us BILLIONS of the precious dollars!



[edit on 31-3-2009 by xoxo stacie]

Set up for a bounce on the US front will see if it hold's out through the day. It is 5am here going to go and recharge! (friends in from Germany had way to much to drink last night am now sober and off to bed
)
Could someone post the futures in the am? tyty xoxo

[edit on 31-3-2009 by xoxo stacie]



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