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

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posted on Apr, 16 2009 @ 08:37 AM
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reply to post by Tentickles
 


I am on it now...it's amazing and well-done (per usual!) and it sounds like you had quite the time!

Not as "active" here though well-attended...@ 8-9K downtown and ya' gotta love Ted Nugent,he owns property not too far from here.

Not sure many knew what it was all about really but they were willing to attend and find out,always a good thing!

Do y'all realize of how little importance "history" in general is to the younger gen? Scary and sad,I love it personally! They don't care unless it's in the "now" and about "them" it seems.

Wore my "Let Them Eat Cupcakes" shirt yesterday (an update on the alleged saying Marie made that supposedly started the French Revolution) and those that "got it" loved but but many simply thought it was about cake...my sick sense of humor I guess.



AND...back to the meltdown:

Capitol One Cart Charge Offs Hit 9.33% Annualized:

zerohedge.blogspot.com...




posted on Apr, 16 2009 @ 08:53 AM
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GM Pushing Faster Plan to Cut US Dealers


General Motors has told U.S. dealers it is accelerating its timetable for closing about 1,700 dealerships as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, people with knowledge of the discussions said.


www.cnbc.com...

Wait a minute, this company is preparing for bankruptcy, now the closing of dealers is starting, just to meet restructure?.
does that make sense?



posted on Apr, 16 2009 @ 08:57 AM
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More in the news,

Second-Largest US Mall Owner Files for Bankruptcy


Ending months of speculation, the Chicago-based mall owner, which listed total assets of $29.56 billion and total debts of $27.29 billion, sought Chapter 11 bankruptcy protection from creditors along with 158 of its more than 200 U.S. malls, while it seeks to restructure some of its debt.


www.cnbc.com...

So finally is true, they are falling for bankruptcy, I remember that another member brought this issue a while back in this thread.

It seems that the world "restructure" is everywhere this days when it comes to businesses and big companies.



posted on Apr, 16 2009 @ 08:58 AM
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reply to post by pause4thought
 
Here's one I took yesterday at the Docks...with a timer...

No taxation without representation!!!

We were NOT represented last fall when we said no to bailouts!!!

The 3rd one from the right is me...





posted on Apr, 16 2009 @ 09:01 AM
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More to come, its seems that retailers are preparing for a downcast mothers day spending this year.

Another big day holiday that will not bring a good "day" for the retailers.

For the last two years this day spending figures has gone down steadily.


U.S. consumers will spend $123.89 on average on Mother's Day, down more than 10 percent from a year ago, according to a survey released Thursday by the National Retail Federation.


www.cnbc.com...

I guess no even the tax refund will be helping moms day this year.

Sorry, Mom: Mother's Day Spending Seen Down



posted on Apr, 16 2009 @ 09:04 AM
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reply to post by Hx3_1963
 


My friend when was the last time that the American people has been represented in congress in the last 40 years?

No since the 60s, all we are good for is to back up the nations debt.




posted on Apr, 16 2009 @ 09:07 AM
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reply to post by Hx3_1963
 




I hope this party doesn't get too rowdy. We're 'spectable people. 'Spectable yu hear?

Save the best till then.


And please feel free to bring a friend too.

(Not the kids, though. If stander turns up, we're talking graphic images.)



Hold on to your seats folks. DJIA opening:




Source


Quick update with graph to a more helpful scale:



Source


DJIA 8009.86 -19.76% -0.25%

Looks like yet another rollercoaster.



[edit on 16/4/09 by pause4thought]



posted on Apr, 16 2009 @ 10:35 AM
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reply to post by pause4thought
 
They still coin anything in Copper over there???

A 'Copper Standard' for the world's currency system?
www.telegraph.co.uk...

Hard money enthusiasts have long watched for signs that China is switching its foreign reserves from US Treasury bonds into gold bullion. They may have been eying the wrong metal.

China's State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons.

Nobu Su, head of Taiwan's TMT group, which ships commodities to China, said Beijing is trying to extricate itself from dollar dependency as fast as it can.
See why they want Rio Tinto so bad???

Time to go dig all those old CRT TV's from the land fills...

[edit on 4/16/2009 by Hx3_1963]



posted on Apr, 16 2009 @ 10:42 AM
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reply to post by Hx3_1963
 


Copper is actually the one metal that I have an abundance of. Maybe my ship has come in.


Looks like the Irish banks aren't doing so slick. They apparently haven't learned the old "cook the books and leak a memo" trick.


Gainers Change Mkt Cap
RF Regions Financial Corpora... 28.80% 4.47B
GMKT Gmarket Inc. (ADR) 19.14% 1.20B
JAH Jarden Corporation 14.90% 1.42B
LINTA Liberty Media Corp. (Inte... 11.36% 2.62B
HOG Harley-Davidson, Inc. 9.87% 4.40B

Losers Change Mkt Cap
IRE Bank of Ireland (ADR) -11.28% 1.01B
LUV Southwest Airlines Co. -10.22% 5.08B
AIB Allied Irish Banks, plc. ... -7.64% 1.17B
STT State Street Corporation -7.71% 14.23B
BK The Bank of New York Mell... -7.40% 34.65B



posted on Apr, 16 2009 @ 10:58 AM
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reply to post by theWCH
 
Hmmm...

Berry berry intwesting...GI Joe...

CNBC seems to have it all wrong...
...

Precious Metals
www.cnbc.com...

Rio Says It Will Tell Chinalco of Investor Concern at $19.5 Billion Stake
www.bloomberg.com...
===================================
Results of Bank Stress Tests To Start Emerging Next Week
www.cnbc.com...

World Trade Center Towers May Be Delayed Indefinitely
www.cnbc.com...

Flood of US Debt Threatens To 'Crowd Out' Other Borrowers
www.cnbc.com...

Best Buy Cuts Wages, Jobs in its Stores
www.cnbc.com...

The Biggest Holders of US Government Debt
www.cnbc.com...

[edit on 4/16/2009 by Hx3_1963]



posted on Apr, 16 2009 @ 11:11 AM
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Originally posted by Hx3_1963
can.
See why they want Rio Tinto so bad???



[edit on 4/16/2009 by Hx3_1963]

So how do they gain by owning some stock in Rio Tint? Other than the obvious one of getting rid of suspect dollars?

Aren't they primarily a gold mining co? Fore!



posted on Apr, 16 2009 @ 11:17 AM
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reply to post by TH3ON3
 
Rio Tinto has mining company's all over the world, mining all kinds of precious metals...

Even if they don't do a lot of Copper...China will own all the mining Eq...savvy?


East Europe's Recession to Deepen, May Cause Rating Downgrades, Fitch Says
www.bloomberg.com...

April 16 (Bloomberg) -- Emerging Europe, the region hardest hit by the global economic crisis, will see its recession deepen before the outlook improves, which may lead to credit rating downgrades in about half the countries, Fitch Ratings said.

“There’s further to go,” Edward Parker, head of emerging Europe ratings at Fitch in an interview in London yesterday. “Real economic activity is still falling quite rapidly. This year will be by far the deepest recession since the early years of transition” from Communism to market economy two decades ago.

The worldwide credit drought, which has left banks with more than $2 trillion in losses and writedowns, is taking its toll on emerging markets by cutting access to credit and investment. A reliance on exports and a consumption-fuelled credit boom have left eastern Europe among the most vulnerable to the worst global economic slump since World War II.



posted on Apr, 16 2009 @ 11:21 AM
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reply to post by Hx3_1963
 



Well thank you Captain Sparrow...Yes I do savvy, and I will now go bury my head back in the sand. Perhaps I'll spot some gold down there while doing so.



posted on Apr, 16 2009 @ 11:44 AM
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Ya think ?!?



JPMorgan and Wells shares may be overpriced
www.reuters.com...

NEW YORK (Reuters) - JPMorgan Chase & Co and Wells Fargo & Co shares command premium valuations, particularly after a recent rally, but many analysts wonder if worsening loan losses will bring these stocks back to earth.

The two banks, which have largely avoided the mistakes that have hobbled rivals Bank of America Corp (BAC.N) and Citigroup Inc (C.N), are now the two largest U.S. lenders by market value. JPMorgan and Wells Fargo are seen as among the few strong big banks left, which could help them acquire even more troubled assets with regulators' blessings.

Investors are awarding them with some of the highest valuations in the financial sector. Wells Fargo (WFC.N) trades at about 1.3 times its book price, or accounting value, while JPMorgan (JPM.N) trades at 0.85 times. Most of their competitors trade at less than 0.7 times book value.
More at Link...

Stress test result format yet unclear
www.reuters.com...

WASHINGTON (Reuters) - Officials conducting stress tests to determine how the nation's 19 biggest banks would fare in a deeper downturn have not determined exactly how the results will be released on May 4, a regulatory official said on Thursday.

Authorities have not decided whether banks themselves will release some of the information, the official said.

One of the goals of the publication of the results will be to ensure they are presented in a way that will allow clear comparisons, the official added.

Financial regulation may suffer from political risk
www.reuters.com...

[edit on 4/16/2009 by Hx3_1963]



posted on Apr, 16 2009 @ 12:13 PM
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reply to post by Hx3_1963
 


You know that if is any way to use the information coming from the so call stress test to influence consumer confident and investment confidence this information would be all over the news and the markets.

But obviously is seems that the information is far from manipulation hopes.

So that is why the government and the banks are just playing around to see how much sugar coating they can use.

Should this be a warning to all, yes is should, because it means that things are not as peachy as thought and that our markets are just surviving on hopes.



posted on Apr, 16 2009 @ 12:25 PM
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reply to post by marg6043
 
Yep...buying time to juggle the numbers most likely...


Nathan's Economic Edge
economicedge.blogspot.com...

:snip:

Initial claims - BEAR IN MIND THAT LAST WEEK WAS A 4-DAY HOLIDAY-SHORTENED WEEK FOR FILING UNEMPLOYMENT BENEFITS - were down on an adjusted basis, but the prior week's IC number was (surprise!) revised upward from 654k to 663k. Which means that the drop of 20k the prior week was actually only a drop of 11k, which was from a revised March 28 number of 674k, up from the first release of 669k. Which means that the actual rise in IC from March 28's final number from March 21 original reported number of 652k, revised upward to 657k a week later, was 22k.

Confused? Good, you goddamn very well should be.

I won't go any further with the unemployment claims report because IT WOULD HAVE BEEN MUCH MUCH WORSE HAD LAST WEEK NOT BEEN A 4-DAY HOLIDAY SHORTENED WEEK. Next week we'll see over 700k. Guaranteed. Mark it down. No f'n way we don't.
More at Link...

Real nice interactive site...


When Did Your County's Jobs Disappear?
www.slate.com...

The economic crisis, which has claimed more than 5 million jobs since the recession began, did not strike the entire country at once. A map of employment gains or losses by county tells the story of how those job losses first struck in the most vulnerable regions and then spread rapidly to the rest of the country. As early as August 2007, for example—several months before the recession officially began—jobs were already on the decline in southwest Florida; Orange County, Calif.; much of New Jersey; and Detroit, while other areas of the country remained on the uptick.



posted on Apr, 16 2009 @ 12:34 PM
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Tyler Cowen, of Marginal Revolution, gives us a Financial Crisis Update:


The TARP money seems to be for bank bondholders (not bank lending), banks are gaming the system like crazy and winning the public relations earnings announcement battle, and step-by-step the Obama team has ended up painted into a corner and now needs to publicly announce the results of the bank "stress tests." No one wins when the government pronounces a bank "weak" (and thus destroys it) and no one wins when the government pronounces a bank "good" (and thus to some extent owns it).

That's the latest.


Comparing This Recession To Previous Ones: Retail Sales

Hilarious Dilbert comic on pessimism pornographers

When Did Your County's Jobs Disapear? It looks like the economic equivalent of a nuclear blast took place in the entire midwest.


Dow 8,047.22 +17.60 (0.22%)
S&P 500 857.31 +5.25 (0.62%)
Nasdaq 1,650.12 +23.32 (1.43%)
10y bond 2.82% +0.04 (1.44%)



posted on Apr, 16 2009 @ 12:36 PM
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reply to post by Hx3_1963
 


As long as the unemployment keeps rising is not way that the economy can see any signs of recovery not matter how much the markets are propped by funneling money into the banks.

The employment is the way to measure the health of the nations population when it comes to taxable income for the states to work with.

Obama tax cuts are the last resource he have to boost consumer spending while liberating more income.

But the way things are going, states in an effort to make up for federal cuts are now taking advantage of the Federal tax brakes to find way in which they can gouge the people to make up for their short comings.

So actually it look good, but is not much that the tax payer is saving after all.



posted on Apr, 16 2009 @ 12:42 PM
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reply to post by theWCH
 
Can't wait to see how this works...

Bank Test Results May Strain Limits Of Bailout Funding
www.washingtonpost.com...

As the Obama administration works to complete its stress tests for gauging the health of major banks, it could confront another problem: how to pay for shoring up any weaknesses the tests reveal.

No one yet knows the extent of the banks' needs. But a senior administration official said yesterday this will be clear once tests on the nation's 19 major banks are done and the results are released early next month.

The administration would be hard-pressed to ask Congress for more rescue funds to plug the holes. Anger on Capitol Hill is high, especially after the furor over bonuses paid to employees at American International Group. The troubled insurer had earlier received more than $170 billion in bailout funds.
More at Link...

[edit on 4/16/2009 by Hx3_1963]



posted on Apr, 16 2009 @ 12:48 PM
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reply to post by Hx3_1963
 


Doesn't that makes you mad? how dare this banking institutions posting "gains" when they are still taking money from the tax payer.

No bank or financial institution should be allowed to post any earnings as long as they are taking money, period.

Why because is deceiving and they knew it.



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