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

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posted on Apr, 7 2009 @ 01:19 PM
reply to post by redhatty

F*& that, time to make withdrwals. This is an incredibly obvious and telling sign. Do they think we are stupid? All too right, if the news was good we would probably see a prime time address to the nation by O telling us that we are saved. Effectively they are going to give people this month to position themselves before making the announcement that we are scroomed.

posted on Apr, 7 2009 @ 01:21 PM
reply to post by RetinoidReceptor

Very interesting interview with George Soros. I've just a little analysis on it in this thread.

Thank you. One of the main aims of this thread was to enhance all the others.

posted on Apr, 7 2009 @ 01:26 PM
This is priceless.

NEW YORK ( -- Unemployment at a 25-year high. Housing prices continuing to fall. Corporate titans such as General Motors on the brink of bankruptcy. There's no lack of bad economic news.

And yet, amid the gloom, there are a growing number of economists that see a recovery on the horizon -- perhaps even a strong rebound.

posted on Apr, 7 2009 @ 01:32 PM
reply to post by elston

Can anyone spell hudwink?

posted on Apr, 7 2009 @ 01:41 PM

Ireland Increases Taxes, Unveils New Plan for Banks

Our confidence, our finances, our exports and our banks have been dented,” Finance Minister Brian Lenihan said in the parliament in Dublin today. The cost of protecting Ireland from default rose after the minister said the government will pay for the bank assets with bonds.

I know it's old now but I have to watch it every few days for some comic relief.

What Future?
Dow 7,732.00 -184.00 -2.32
S&P 500 813.50 -16.90 -2.04
NASDAQ 100 1,271.00 -41.00 -3.12
S&P/TSX 60 535.90 -11.20 -2.05
Mexico Bolsa 20,700.00 -203.00 -0.97
Brazil Bovespa 44,100.00 -152.00 -0.34

posted on Apr, 7 2009 @ 01:43 PM
I will not be surprise if the "stress test" is been hold to be able to manipulate the date before is released.

No matter how much cosmetics and sugar coating the reality of the economy is too big to ignore.

And yes GM is planning for banckrupcy I gave them 6 months back in January so I wonder if I will make the mark.

posted on Apr, 7 2009 @ 01:46 PM
reply to post by elston

They are in bigger troubles than the US their trouble assets if compare to the US will be about 7 trillion, but they are a smaller country after all with less people per capital.

So the comparison was made to emphasize their troubles.

Will their economy collapse before the US?

posted on Apr, 7 2009 @ 01:51 PM
reply to post by marg6043

This is not rocket science!!! The old market rules no longer apply. This is why all the people educated in the "old" way of forecasting are no better equipped to make predictions than the guy/gal on the corner. If GM goes into bankruptcy it's game over. Consumer confindence will be gone. Period. No matter what financing they offer. People are planting gardens for crying out loud, not looking to purchase a 20K-50K vehicle. The sales they need to sustain themselves is not attainable in the least. Delaying the innevitable is painful.

posted on Apr, 7 2009 @ 01:55 PM
reply to post by elston

And they're trying to get over these hurdles by way of...


...subprime lending! Where they expect you to default!

"...and if you lose your job, we'll make up to nine of your payments..."

WTF is that!?!?

They're scoomed.

[edit on 7-4-2009 by theWCH]

posted on Apr, 7 2009 @ 01:59 PM
Gotta love it!!!

Is Jack Daniels traded publically? Seems like a strong investment position.

posted on Apr, 7 2009 @ 02:02 PM

Originally posted by elston
Is Jack Daniels traded publically? Seems like a strong investment position.

Through their parent company, Brown-Forman

Ticker symbols: BFA and BFB

Make some of your money back

posted on Apr, 7 2009 @ 02:09 PM
reply to post by elston

Yes you are right, even when the financial and Wall street firms had shed more jobs that GM, Ford and Chrysler will ever shed their lost will be seen by the American people as the end of the American supremacy even when we lost that a long time ago.

Now don't feel bad these companies may be doing badly in the US but they are far from bankrupted overseas.

posted on Apr, 7 2009 @ 02:09 PM
DOW resting at 7,777.77 That's neat. All 7s.

Casino shares fell after the Nevada Gaming Control Board said Las Vegas Strip casino gambling revenue tumbled 23 percent in February, extending the worst annual decline on record.

Las Vegas Sands Corp. (LVS:US) dropped 19 percent to $4.04. Wynn Resorts Ltd. (WYNN:US) slipped 13 percent to $27.12. WMS Industries Inc. (WMS:US) declined 10 percent to $24.53. Boyd Gaming Corp. (BYD:US) slumped 11 percent to $5. MGM Mirage (MGM:US) tumbled 17 percent to $4.61.

S&P 500 816.42 -19.06 -2.28
NASDAQ 1,563.06 -43.65 -2.72
Russell 2000 434.39 -13.17 -2.94
S&P/TSX Comp 8,833.14 -183.03 -2.03
Mexico Bolsa 20,526.67 -280.54 -1.35
Brazil Bovespa 43,841.49 -325.77 -0.74

posted on Apr, 7 2009 @ 02:44 PM

Citizens Financial parent RBS to cut 9,000 jobs

The Royal Bank of Scotland Group, parent of Citizens Financial Group, the second-largest banking operation in Massachusetts, said Tuesday it plans to cut up to 9,000 jobs over the next two years. The United Kingdom-based bank, in which the British government acquired a majority stake last fall, said it will achieve the job cuts through layoffs, natural turnover and leaving vacant positions unfilled. A Citizens spokeswoman declined comment Tuesday about the cuts. Citizens is the second-largest bank in Massachusetts, when ranked by deposits. RBS said the cuts will include 4,500 in the United Kingdom. The plan, which involves a number of other cost-saving initiatives, will help RBS reduce annual costs by roughly $3.7 billion within the next three years.

[edit on 7-4-2009 by spinkyboo]

posted on Apr, 7 2009 @ 03:54 PM
Something of interest in Breaking News:

Fast-rising protest groupchallenges the outrageous power of the bankers

Holy intelligent popular movement, Batman!

posted on Apr, 7 2009 @ 04:53 PM
reply to post by pause4thought

If anyone is going to the San Antonio Tea Party on the 15th, I will be there to see Glenn Beck speak. Maybe we can meet up!

that 7777.77 thing is pretty cool, dont see that often.

posted on Apr, 7 2009 @ 06:39 PM
reply to post by Tentickles

I will be at the Portland Tea Party, I will be taking pictures to post on ATS when i get back.

posted on Apr, 7 2009 @ 07:48 PM
reply to post by elston

Yeah! I actually grabbed a screenshot from CNN when it was like that. It just seemed weird to me. I'm glad I'm not the only person who notices those sorts of usual occurrences.

posted on Apr, 7 2009 @ 08:55 PM
Cripples? How about mortally wounds?

Consumer Credit in U.S. Falls $7.48 Billion as Recession Cripples Spending

April 7 (Bloomberg) -- The pace of borrowing by U.S. consumers fell in February as fewer Americans sought credit to make purchases amid what may become the worst recession in seven decades.

Consumer credit fell by $7.48 billion, or 3.5 percent at an annual rate, to $2.56 trillion, the Federal Reserve said today in Washington. Credit increased by $8.14 billion in January, more than previously estimated. The Fed’s report doesn’t cover borrowing secured by real estate.

Demand for credit in the U.S. probably shrank further in March, the fourth straight month job losses exceeded 650,000, as unemployment climbed and banks remained reluctant to extend affordable loans. The recession that began in December 2007 has cost 5.1 million Americans their jobs, crippling the consumer spending that accounts for almost 70 percent of economic growth.

“Consumers know they have to cut back on debt,” said Christopher Low, chief economist at FTN Financial in New York. “But it’s hard to change old habits, so we go through these periodic binges of credit, as we did in January, and then we go through a couple of months of paying down our balances.”

Economists had forecast consumer credit would drop $3 billion in February, according to the median of 32 estimates in a Bloomberg News survey. Projections ranged from a $7 billion drop to a gain of $4.3 billion.

Revolving debt such as credit cards decreased by $7.79 billion. Non-revolving debt, including auto loans and mobile home loans, rose by $313.5 million.
More at Link...

S&P 500 -1.90 812.10 4/7 9:40pm
Fair Value 812.08 4/7 8:46pm
Difference* +0.02

NASDAQ -1.00 1279.75 4/7 9:22pm
Fair Value 1274.40 4/7 8:46pm
Difference* +5.35

Dow Jones -30.00 7732.00 4/7 9:11pm
Shanghai Composite 2,428.96 9:39PM ET Down 10.22 (0.42%)
Nikkei 225 8,693.05 9:34PM ET Down 139.80 (1.58%)
NZSE 50 2,581.19 9:31PM ET Down 31.28 (1.20%)
Straits Times 1,780.05 9:55PM ET Down 22.34 (1.24%)
Seoul Composite 1,285.35 9:35PM ET Down 14.75 (1.13%)
Japan Current-Account Surplus Shrinks 56% as Demand for Exports Tumbles

Ireland to Take Control of Toxic Property Loans as `Celtic Tiger' Falters

German Government Said to Plan Takeover Bid for Hypo Real Estate This Week

More Than Half of Latin American Companies Have Funding Risk, Moody's Says

[edit on 4/7/2009 by Hx3_1963]

posted on Apr, 7 2009 @ 08:57 PM
reply to post by Hx3_1963

Whoa, OUCH.

Sad part is it is going to get worse...
Tighten those belts kiddies.

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