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

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posted on Mar, 31 2009 @ 07:24 AM
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Doesn't this just make you happy to face the day.... NOT!

Financial Rescue Approaches GDP as U.S. Pledges $12.8 Trillion


The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

New pledges from the Fed, the Treasury Department and the Federal Deposit Insurance Corp. include $1 trillion for the Public-Private Investment Program, designed to help investors buy distressed loans and other assets from U.S. banks. The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008.

President Barack Obama and Treasury Secretary Timothy Geithner met with the chief executives of the nation’s 12 biggest banks on March 27 at the White House to enlist their support to thaw a 20-month freeze in bank lending.

“The president and Treasury Secretary Geithner have said they will do what it takes,” Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said after the meeting. “If it is enough, that will be great. If it is not enough, they will have to do more.”

Commitments include a $500 billion line of credit to the FDIC from the government’s coffers that will enable the agency to guarantee as much as $2 trillion worth of debt for participants in the Term Asset-Backed Lending Facility and the Public-Private Investment Program. FDIC Chairman Sheila Bair warned that the insurance fund to protect customer deposits at U.S. banks could dry up because of bank failures.

***snip***

===========================================================
--- Amounts (Billions)---
Limit Current
===========================================================
Total $12,798.14 $4,169.71
-----------------------------------------------------------
Federal Reserve Total $7,765.64 $1,678.71
Primary Credit Discount $110.74 $61.31
Secondary Credit $0.19 $1.00
Primary dealer and others $147.00 $20.18
ABCP Liquidity $152.11 $6.85
AIG Credit $60.00 $43.19
Net Portfolio CP Funding $1,800.00 $241.31
Maiden Lane (Bear Stearns) $29.50 $28.82
Maiden Lane II (AIG) $22.50 $18.54
Maiden Lane III (AIG) $30.00 $24.04
Term Securities Lending $250.00 $88.55
Term Auction Facility $900.00 $468.59
Securities lending overnight $10.00 $4.41
Term Asset-Backed Loan Facility $900.00 $4.71
Currency Swaps/Other Assets $606.00 $377.87
MMIFF $540.00 $0.00
GSE Debt Purchases $600.00 $50.39
GSE Mortgage-Backed Securities $1,000.00 $236.16
Citigroup Bailout Fed Portion $220.40 $0.00
Bank of America Bailout $87.20 $0.00
Commitment to Buy Treasuries $300.00 $7.50
-----------------------------------------------------------
FDIC Total $2,038.50 $357.50
Public-Private Investment* $500.00 0.00
FDIC Liquidity Guarantees $1,400.00 $316.50
GE $126.00 $41.00
Citigroup Bailout FDIC $10.00 $0.00
Bank of America Bailout FDIC $2.50 $0.00
-----------------------------------------------------------
Treasury Total $2,694.00 $1,833.50
TARP $700.00 $599.50
Tax Break for Banks $29.00 $29.00
Stimulus Package (Bush) $168.00 $168.00
Stimulus II (Obama) $787.00 $787.00
Treasury Exchange Stabilization $50.00 $50.00
Student Loan Purchases $60.00 $0.00
Support for Fannie/Freddie $400.00 $200.00
Line of Credit for FDIC* $500.00 $0.00
-----------------------------------------------------------
HUD Total $300.00 $300.00
Hope for Homeowners FHA $300.00 $300.00
-----------------------------------------------------------
The FDIC’s commitment to guarantee lending under the
Legacy Loan Program and the Legacy Asset Program includes a $500
billion line of credit from the U.S. Treasury.

Full article at link

Futures

S&P 500 +9.20 793.50
Fair Value 783.67
Difference* +9.83

NASDAQ +12.25 1235.00
Fair Value 1220.13
Difference* +14.87

Dow Jones +64.00 7544.00

Today is also the last day in 1st Quarter 09, that being said here's the rosy view


Wall Street is set to resume its rise on hopes that it will get more budding signs of economic recovery. Data being released later Tuesday include the S&P Case-Shiller January home price index, a private research group's March consumer confidence index, and Chicago purchasing managers' index of March business conditions.

Consumer confidence is expected to show slight improvement, and so is the purchasing managers index. But home prices are expected to post another decline.

On the last day of the quarter, Dow Jones industrial futures are up 73, or 1 percent, at 7,553. Standard & Poor's 500 index futures are up 5.90, or 0.8 percent, at 790.20. Nasdaq 100 index futures are up 8.25, or 0.7 percent, at 1,231.

The major indexes dropped about 3 percent Monday as the White House rejected General Motors Corp.'s and Chrysler's turnaround plans, raising the possibility of an automaker bankruptcy.

Before the Dow's two-day pullback, however, the index soared 21 percent in fewer than three weeks. The Dow remains up 14.5 percent from its nearly 12-year low on March 9, but is down 14.3 percent for 2009.

Bond prices were modestly lower in early trading Tuesday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 2.73 percent from 2.72 percent late Monday. The yield on the three-month T-bill, considered one of the safest investments, was flat at 0.18 percent.

Crude oil rose $1.09 to $49.50 a barrel in electronic trading on the New York Mercantile Exchange.

The dollar was mostly lower against other major currencies. Gold also fell.

source

[edit on 3/31/09 by redhatty]




posted on Mar, 31 2009 @ 08:07 AM
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"March 31 (Bloomberg) -- U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will extend its biggest monthly gain since April 2003, as higher metals and oil prices lifted raw-material producers."

www.bloomberg.com...

Yet another "rosy outlook?" Liars figure and figures lie.

Not to wander too far off topic (as I know it PO's some) but y'all are aware of the dreaded "Conflicker" worm supposedly set to wriggle in tomorrow?I'm going to limit my browsing just in case as I'm on an open satellite ISP.
Just wanted to pass it on but THIS scares the CHIT out of me:

"Homeland Security" has formulated a "detection device" available to both government and private sector businesses...Big Brother is on the move again I think.

www.eweek.com...

Scare people with a well-publicized worm then offer a detection device which also BTW will probably set you up for them to watch as they leave their own brand of spy-script behind,LOL!



posted on Mar, 31 2009 @ 08:09 AM
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This is ridiculous. Fortis reported a 28 billions EURO loss, still their shares are up and so are the shares of all the others banks... RIDICULOUS.



posted on Mar, 31 2009 @ 08:13 AM
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reply to post by Vitchilo
 


Yep it is...as is this:

"American International Group Inc. rose 8.4 percent to $1.03. The insurer rescued four times by the U.S. government received an $800 million loan from its consumer lending unit. The loan was dated March 24, the American General Finance Corp. unit said in a regulatory filing."

WTF??? How do you BORROW from YOURSELF with money that isn't yours and thus prompt the stock to rise???

Can someone 'splain me this one?



posted on Mar, 31 2009 @ 08:21 AM
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reply to post by irishchic
 


Morning IC, OT in re: Conflicker

make sure your MS security updates are upt to date, that will help, be sure to update your antivirus software - that will help

And if you have the ability, close port 445 on your router/system

Security updates for Windows XP
Security updates for Windows Server 2003

More than likely though, there is more news than threat to this worm

Back to ttopic...

S&P/Case-Shiller:Home Prices Still Dn By Record Levels In Jan (PDF)


Home prices continued their multiyear slide in January, according to the S&P/ Case-Shiller home-price indexes, as 14 of 20 major metropolitan areas posted price declines of more than 10% from a year earlier.

The Sun Belt continues to be hit hardest, and nationally, home prices are at levels similar to late 2003.

"Most of the nation appears to remain on a downward path, with all of the 20 metro areas reporting annual declines, and nine...falling more than 20% in the last year," said David M. Blitzer, chairman of S&P's index committee. Both composite indexes and 13 of the 20 metropolitan areas reported record year-over- year declines.

As of January, the 10-city index is down 30% from its mid-2006 peak and the 20-city is down 29%. The two indexes have fallen every month since August 2006, 30 straight.

The indexes showed prices in 10 major metropolitan areas fell 19.4% in January from a year earlier and 2.5% from December. The drop marks the 10-city index's 16th-straight monthly report of a record decline.

In 20 major metropolitan areas, home prices dropped 19% from the prior year, also a record, and 2.8% from December.

Again, none of the regions could stave off a decline from December to January. Month-to-month decliners were again led by Phoenix, which posted a drop of 5.5%. Las Vegas, which has been a close second behind Phoenix for months, showed a " marginal improvement" in monthly returns, although its results were still negative.

For the 10th straight month, no region was able to avoid a year-over-year decline. Phoenix and Las Vegas were again the worst performers, with drops of 35% and 33%, respectively, from a year earlier. San Francisco again followed, with a decline of 32%. Phoenix is down 49% from its peak in June 2006. Dallas has been the least hurt, down 11% from its peak in June 2007.

Compared with a year earlier, Dallas and Denver again had the best relative performance, with annual declines of 4.9% and 5.1%, respectively.

The data come a week after a government report that sales of previously occupied homes jumped 5.1% in February, the most in five years, driven by foreclosure sales that are sending prices plunging. The median price was down 16% from a year earlier, the second-biggest drop ever.

Tight credit and a still-bleak economic outlook amid high numbers of job cuts have added more stress to U.S. households, meaning the glut of housing remains.



posted on Mar, 31 2009 @ 08:30 AM
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reply to post by redhatty
 



Thanks for the info,I'm good to go,just wanted to share "in case"


If you haven't seen this video yet,watch it...made my blood run cold and the explanation of the "derivatives bubble" is shocking:

www.abovetopsecret.com...



posted on Mar, 31 2009 @ 08:35 AM
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reply to post by irishchic
 


Is call deception and that is what is going on to prop the markets and lure inexperience buyers into investing in Wal street, that is the same deception that was used when the derivative scam packaged in fancy wrapping was sold to the new wave of new found money coming from oversea.


Six States Join Michigan with Double Digit Unemployment,

The unemployment rate jumped last month in 49 states, with Michigan leading the way, the U.S. government reported on Friday. Nebraska was the only state to escape rising joblessness.

The near-collapse of the auto industry pushed Michigan's unemployment rate up to 12% in February, seasonally adjusted, according to the U.S. Department of Labor.

Sky-high unemployment rates were also reported in South Carolina (11%), Oregon (10.8%), North Carolina (10.7%), California and Rhode Island (10.5% each), and Nevada (10.1%).

The most drastic month-to-month increases in the unemployment rate were reported in North Carolina and Oregon, which each saw an increase of 1%. New Jersey also saw a dramatic surge, climbing 0.9% in February.


money.cnn.com...

The news that the government doesn't want you to read into too much.



posted on Mar, 31 2009 @ 08:39 AM
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Some interesting reading for everyone to enjoy

The Serfs Get Angry; The Predators Point Fingers At Each Other

Are you expecting a Pension eventually? Then you might want to bookmark and check this site regularly: Pension Watch

A way to fight big gov out of control is gaining ground - it concept of "Starve The Beast"

there is much out there pro and con for the idea, but heh - I'm looking into it myself, because if I can keep my $$ then it isn't going to the bailouts, is it?

and since tightening the belt is something to start now to get yourself ready for the lean times that *may be*/*are probably* coming, here's a handy little $10 ebook that can teach you how to "Live on $10-thousand a year (or less)?"

Markets open green

Dow + 76.86 1.02%
S&P +8.93 1.13%
NASDAQ +23.88 1.59%

Morning Ticker

Yoo Hoo! Yes, Mr. Cop - Over THERE! (AIG)

Long one - follow link to read :-)

[edit on 3/31/09 by redhatty]



posted on Mar, 31 2009 @ 09:07 AM
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I bought some shares of BAC yesterday and sold today for a quick profit at 6.40. I don't like the news about homes or consumer confidence. Sometimes with markets you have to not be greedy and get out... :sighs: Watch it go to 7



posted on Mar, 31 2009 @ 09:13 AM
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Good Morning All???

Looking more and more like you'll need to save some "old" Newspapers, if ya plan on reading any with your morning coffee in the future...

Chicago Sun-Times parent files for bankruptcy
www.reuters.com...

NEW YORK (Reuters) - The Sun-Times Media Group, parent of the Chicago Sun-Times, filed for bankruptcy protection on Tuesday, earning Chicago the distinction of being the first U.S. city served by two bankrupt newspaper publishers.

The Sun-Times also said it hired Rothschild Inc to try to sell some of its assets, which include 59 newspapers and their websites. The Sun-Times is one of the papers that it could sell, spokeswoman Tammy Chase said.

Interim Chief Executive Jeremy Halbreich told the Sun-Times that the company has received interest from several potential buyers. He was not immediately available for comment.

The Sun-Times filed for Chapter 11 bankruptcy protection at the U.S. Bankruptcy Court in Delaware.

It plans to operate its newspapers and websites while improving its cost structure and stabilizing operations. It said it has financial resources to continue daily operations.

"Unfortunately, this deteriorating economic climate, coupled with a significant, pending IRS tax liability dating back to previous management, has led us to today's difficult action," Halbreich said.

The publisher joins its much larger, Chicago-based rival, Tribune Co, in a growing list of newspaper companies that are choosing bankruptcy as the best way to restructure as advertising revenue plummets.

The Sun-Times, unlike Tribune and some U.S. newspaper publishers, is not facing an overwhelming debt load.

Instead, the Internal Revenue service has said the company owes up to $608 million in back taxes and penalties, dating back to when it was Hollinger International, controlled by now-imprisoned media baron Conrad Black.

The Sun-Times plans to complete the bankruptcy process this year. It hired Huron Consulting Group as its restructuring adviser and Kirkland & Ellis as legal adviser.

Sun-Times properties include the Beacon News in Aurora, the Courier-News in Elgin, the Lake County News-Sun in Waukegan and the Herald News in Joliet. All are in Illinois. It also owns the Post-Tribune in Merrillville, Indiana.
More at Link...

OECD sees bleak global outlook, soaring job losses
www.reuters.com...

Fed's Stern: Inaction raised financial crisis costs
www.reuters.com...

Lennar reports wider quarterly loss
www.reuters.com...

[edit on 3/31/2009 by Hx3_1963]



posted on Mar, 31 2009 @ 09:35 AM
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SCROOMED, SCROOMED, WE ARE SO SCROOMED!!!!!!!!!!!!!!!

OCC’s Quarterly Report on Bank Trading and Derivatives Activities
Fourth Quarter 2008 (PDF)


Derivatives market has swelled to $200 trillion.

I suggest everyone takes the time to read it.

Warning: You may not sleep well tonight after reading this. Its flat out frightening.

JPM $87T vs $1.7T in total assets
BAC $38T vs $1.4T in total assets
C $31T vs $1.2T in total assets
GS $30T vs $0.16T in total assets (1000:1 leverage!!!)



posted on Mar, 31 2009 @ 09:39 AM
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reply to post by redhatty
 


My dearest friend if you looked into the link I posted about where the bailout money is going, it shows that many of the institutions getting money are either Unlimited on tax payer funding or proposed funding on the trillions.

Incredible, our nation has become a bottomless money printing machine.




posted on Mar, 31 2009 @ 09:40 AM
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reply to post by redhatty
 
I'm pretty sure they hoped those numbers never saw the light of day...

...Just one more good drop somewhere and *KABOOM*...


G20: Dozens of banks to shut branches in London in fear of summit protesters
www.telegraph.co.uk...

...And the market goes up...because consumer sediment was .7% better than last month?!? Oh Boy...

[edit on 3/31/2009 by Hx3_1963]



posted on Mar, 31 2009 @ 09:48 AM
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reply to post by Hx3_1963
 


Those tax payer refunds working its magic.
I did the taxes for my son and I thought it was fine, but because my son only make under 15 thousand (he works on a game store part time) his refund was bigger than what I calculated surprised, surprise, guess what he did with it, yes he spend it all.


And so many like him he got 400 dollars extra in his return.



posted on Mar, 31 2009 @ 09:48 AM
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Originally posted by redhatty
JPM $87T vs $1.7T in total assets
BAC $38T vs $1.4T in total assets
C $31T vs $1.2T in total assets
GS $30T vs $0.16T in total assets (1000:1 leverage!!!)


1000:1 leverage!?! I'm not one of those fancy Wall St. geniuses or anything, so maybe this is just beyond me, but that seems a tad bit retarded.

Scroomed, indeed.



posted on Mar, 31 2009 @ 09:56 AM
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I found this article posted by kosmicjack, people if you are thinking that what Obama did to the GM CEO was wrong, well look behind the real agenda.

This should make anybody think two times before getting a GM car in the future.

Obama Fired GM’s CEO; What’s Stirring Behind the Black Curtain?


Board member Kent Kresa, the former chairman and CEO of defense contractor Northrop Grumman Corp., was named interim chairman of the GM board.

Woh. Hold on there. Who is Kent Kresa?

In addition to his work as a member of the board of GM, he’s also a Senior Advisor at the Carlyle Group. Since his bio on the Carlyle Group’s website is the most complete one that I came across, I’ll quote from it. Everything in bold references links to the black world of special access programs:

Global private equity firm The Carlyle Group today announced that Kent Kresa, the former Chairman and CEO of Northrop Grumman Corporation, has joined Carlyle as a Senior Advisor to its aerospace and defense group.

Mr. Kresa was Chairman of the Board of Directors of Northrop Grumman Corporation from September 1990 until October 2003. He served as Chief Executive Officer from January 1990 until March 2003, and President from 1987 until September 2001. In 1982 he was appointed Group Vice President of the company’s Aircraft Group and in 1986 was named Senior Vice President-Technology Development and Planning. Mr. Kresa joined Northrop Grumman in 1975 as Vice President and Manager of the company’s Research and Technology Center, developing new proprietary processes and products for the company. From 1976-82 he served as Corporate Vice President and General Manager of the Ventura Division, a leader in the production of unmanned aeronautical vehicles.

Before joining Northrop Grumman, Mr. Kresa served with the Defense Advanced Research Projects Agency, where he was responsible for broad, applied research and development programs in the tactical and strategic defense arena. From 1961-68 he was associated with the Lincoln Laboratory at the Massachusetts Institute of Technology (M.I.T.), where he worked on ballistic missile defense research and reentry technology.…

Mr. Kresa serves on the boards of directors of the Avery Dennison Corporation, Fluor Corporation, General Motors Corporation, Eclipse Aviation Corporation, Trust Company of the West, and Advanced Bionics Corporation. He is the Board Vice Chair of the Performing Arts Center of Los Angeles County and serves on the boards of several non-profit organizations and universities. Mr. Kresa is a Member of the M.I.T. Lincoln Laboratory Advisory Board and a Member of the UCLA Anderson School of Business Board of Visitors.

cryptogon.com...

I wonder what the agenda is behind this man now managing GM.





posted on Mar, 31 2009 @ 10:03 AM
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...And Banks lead the gains today...sure...1000:1 leverage...

Following this logic...5000:1 should really get some nice gains...


SUMMIT-UPDATE 1-G20 should double or triple IMF funds - Rudd
www.reuters.com...

LONDON, March 31 (Reuters) - The Group of 20 summit must make progress on a strategy for economic recovery and should aim to double, and if necessary triple, the resources of the IMF, Australian Prime Minister Kevin Rudd said on Tuesday.

Rudd said the risks to the economy were still on the downside.

"The first major risk comes from (a) potential economic collapse of emerging markets," he said. "The second major risk to global recovery is the process of deleveraging."

Rudd said the gathering would be judged on its effectiveness in restoring confidence and must reach agreement on issues including macroeconomic action, toxic assets, reform of financial institutions and regulation. He added it must draw a line to prevent further acts of protectionism.

"We should aim to double and if necessary triple pre-crisis levels of IMF resources," Rudd said.

"What is of good news to the global economy is this: America has returned to the stage when it comes to global economic leadership."

Seems they forget to mention these numbers when the .7% was announced...


US Midwest business shrinks more rapidly in March
www.reuters.com...

CHICAGO, March 31 (Reuters) - Business activity in the U.S. Midwest contracted in March and at a more severe rate than expected, a report showed on Tuesday.

The Institute for Supply Management-Chicago business barometer fell to 31.4 from 34.2 in February.

Economists had forecast the index at 34.5. A reading below 50 indicates contraction in the regional economy.

The employment component of the index rose to 28.1 from 26.2 in February. Prices paid fell to 34.1 from 37.8 and new orders rose to 30.9 from 30.6. But production slipped to 32.7 from 34.7.

UK manufacturing failures seen up 52 pct in 2009
www.reuters.com...

[edit on 3/31/2009 by Hx3_1963]



posted on Mar, 31 2009 @ 10:07 AM
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reply to post by redhatty
 


Just so I understand... are those derivatives debt or ?? What do they represents? Loss? They surely can't lose all of it... who are they paying those to?

[edit on 31-3-2009 by Vitchilo]



posted on Mar, 31 2009 @ 10:08 AM
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Holy Crow!!! The Yen is climbing FAST

Japanese Yen 98.7300 0.0101 +1.2900

Soon enough it will be 1:1



posted on Mar, 31 2009 @ 10:09 AM
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reply to post by Hx3_1963
 


Sometimes I wonder about the mentality of the morons running Washington with their so call specialist on economics.

This people truly believe that keeping the banking system alive while funneling incredible amounts of tax payer money and increasing the national debt is going to make the economy recuperate.

Meanwhile the root problems of the financial crisis are been completely shadowed by the Obama administration that in the beginning he knew how to really fix the problem.

All the money in the world is not going to fix anything in America if we don't fix what took us to this point in time first.

Before this morons get a grip on reality we as a nation will be totally destroyed by their moronic approach.



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