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

Originally posted by marg6043
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.

Amen to this. You can't build a house - if there is no foundation.
Employed people ARE the foundation. No foundation, no house -

Here's one for the history books: Art Market Crash of '09. Apparently, the Mei Moses index fell 35% in the first quarter alone. I snagged this quote from the comments:

It's a symptom of the real estate market crashing. The Manhattan residential market is now in free fall, after holding up better than every major market in the country for years. Rents have fallen up to 25% since the Lehman bankruptcy in September, dragging down condominium and co-op prices almost as fast. Hardest hit have been units priced in the $1-$2 million range that appealed to up and coming Wall Street traders. This class of newly unemployed former owners is now fleeing the Big Apple en masse. The stratospheric end of the market, the mega mansions and penthouses with those fabulous Central Park views and live-in nanny suites in the $30 million on up range, are still holding up. With industry job losses this year expected to exceed 100,000, expect this downtrend to continue. www.madhedgefundtrader.com.

I have some friends who are artists. This probably doesn't spell short-term success for them, eh?

This is a couple of weeks old, but, after the GGP BK earlier...

Commercial Real Estate Collapse Picking Up Steam
www.businessinsider.com...

Even if banks were being completely honest about their marks -- which we know they're not -- the accelerating collapse of the commercial real estate market would mean billions more in writedowns.

WSJ: The delinquency rate on about $700 billion in securitized loans backed by office buildings, hotels, stores and other investment property has more than doubled since September to 1.8% this month, according to data provided to The Wall Street Journal by Deutsche Bank AG. While that's low compared with the home-mortgage delinquency rate, it's just short of the highest rate during the last downturn early this decade.

Some experts say it now looks as if the current commercial real-estate slump will rival or even exceed the one in the early 1990s, when bad commercial-property debt played a big role in dragging the economy into a recession. Then, close to 1,000 U.S. banks and savings institutions failed. Lenders took about $48.5 billion in charges on commercial real-estate debt between 1990 and 1995, representing 7.9% of such debt outstanding.

More at Link...

[edit on 4/16/2009 by Hx3_1963]

Originally posted by pause4thought

And please feel free to bring a friend too.

Is it okay to invite the famous time traveler John Titor? He took great pics on his trips.


image.tn.nova.cz...

reply to post by stander


I see what you did there!

Let's just sit back and watch the stock market go up, while the whole world collapses.

reply to post by stander


Celebs more than welcome. When we hit 5,000 posts I suggest a minute's silence - to preserve a fitting atmosphere of solemnity - then we let loose with our images of what the last six months' chaos has meant.


Incidentally, can you, or somebody else, tell me why the Nasdaq is currently doing a right angle?!


[atsimg]http://files.abovetopsecret.com/images/member/826c6637aa2e.png[/atsimg]

Source

reply to post by pause4thought
I could be wrong, but...

I believe it is jealous of the Feds M charts we're not allowed to see anymore, and is trying to emulate it...





[edit on 4/16/2009 by Hx3_1963]

reply to post by Hx3_1963


...or could be stander managed to get hold of one of those keyboards after all. I think his attempt at online manipulation was a bit crass, though - to be frank. Looks like TBTB have made some quick adjustments to hide what was going on. (The chart looks normal again.)

Its' climbing quite steeply, incidentally, at the minute:

1656.49 +29.69 +1.83%

reply to post by pause4thought
Hmmm...

Very strange indeed...

Gold starts dropping...all the indexes start rising...

Why for ???

What did we miss ???

What ever it was happened around 2pm est?

ichart.finance.yahoo.com...
finance.yahoo.com...



[edit on 4/16/2009 by Hx3_1963]

I'm sure that we're just missing something, but short of that...Hedge Funds pulling some sort of stunt?

US Housing Data Puts Obama's Hopes On Hold

Economists played down the chances of the US entering deflation, in spite of the consumer price index falling 0.1pc fall in March, meaning consumer prices are now 0.4pc cheaper than a year ago, the first fall in the annual rate since August 1955.

White House economic adviser Larry Summers warned that "concern about deflation in the nearer term can be entirely discounted."

But many economists took solace in the fact that the core rate of inflation – stripping out food and fuel – rose by 0.2pc last month.

Stripping out food and fuel. So, what, if we think that numbers are inconvenient we just remove parts of the data until it looks less depressing?

[edit on 16-4-2009 by theWCH]

reply to post by HX & theWCH


Good questions. Time for some detective work...


BTW, now it's the DOW:


[atsimg]http://files.abovetopsecret.com/images/member/88ef7bb1eacc.png[/atsimg]


stander just doesn't give up.

Originally posted by pause4thought
Incidentally, can you, or somebody else, tell me why the Nasdaq is currently doing a right angle?!


[atsimg]http://files.abovetopsecret.com/images/member/826c6637aa2e.png[/atsimg]

You need to deeply analyse the cause of the right angle turn. Go back and follow the curve very carefully when you come to the point that justifies the right angle development. As you see, the curve originated at 9 o'clock
www.dkimages.com...
which is a right-angle configuration of hours and minutes.

If you have any other questions, feel free to ask.

Zerohedge offers this attempt at a late day trading summary

Late Day Trading Summary (Attempt)
Posted by Tyler Durden at 4:28 PM
A different way to look at the late market rally is that it is options related ahead of tomorrow's option expiration... Since index options expire on the opening print, any trading has to be completed today, explaining the trading spike late in the day. Thus, dealers who are short SPX calls have to keep buying futures or SPX cash baskets to keep their hedge on, resulting in purely technical fluctuations in the market.

Couple this with the rumored tremors in quant land and the entire rally, again, is likely not related to individual equities

[edit on 16-4-2009 by theWCH]

reply to post by stander


You freak me out sometimes. 'Specially when you predict market movements for days, even weeks ahead, then ascribe it to some infuriating esoteric or cryptic methodology.

You got me worried. I mean seriously dumbfounded.

I'll just ask one question: you ain't involved in no divination are you?



For those of us who generally only deal in events that have already come to pass:

DOW @ close:

8125.43 +95.81 +1.19%


Nasdaq @ close:

1670.44 +43.64 +2.68%


FTSE @ close:

4052.98 +84.58 +2.13%


Source


[edit to add:]

Very nice work, WCH!






[edit on 16/4/09 by pause4thought]

reply to post by redhatty


Out of Pandit's mouth..


In addition to our strong capital position, I am most encouraged with the strength of our business so far in 2009. In fact, we are profitable through the first two months of 2009 and are having our best quarter-to-date performance since the third quarter of 2007. In January and February alone, our revenues excluding externally disclosed marks were $19 billion. Our client businesses are strong: our deposits are relatively stable, our client-driven Securities and Banking businesses have been performing well, including our recent #1 rank in M&A, and we continue to provide credit to consumer and corporate customers. You have all done a very impressive job driving revenues and reducing our cost
structure, and it is gratifying to see the results first hand.



Yeah, this one is a lottery ticket.. but im still way long term on this regardless

What Roubini has to say about the market as of today:

business.rediff.com...

(Not sure how the new "must quote" thing works yet)



[edit on 16-4-2009 by irishchic]

So Roubini is almost bullish now? Only a -2% in GDP and GROWTH next year? What the hell?

Anyway, anybody knows when the federal income tax receipts numbers will come out? Late may or before that?

LAYOFF DAILY
Thur 4-16-2009

San Francisco Art Institute -9
MassMutual -65
Southwest Airlines Buyouts
Raleigh Super Kmart -71
Rochester MN Schools -78
Smurfit-Stone -200
Best Buy -1,000
Harley Davidson -300
Reading Hospital -250
CSX Current Tally -2,300
Innovating Converting Closed -11
Chicago Mayor Warns -1,600
Kane County Court -11
\Land O'Lakes Closing Plant -120
PPG -75
City of Mansfield -50
Fred Hutchinson Cancer Center -83
Elyria OH Firefighters -10
Callaway Golf -162
Southfield Schools -150
Leroy-Somer -200
SPX Dielectric -17

TOTAL - 6,750+

and...

Page County VA Unemployment 17.7%
6 Million People Getting Unemployment
Utah Past Year -32,800
Rutgers University Planning Layoffs

[edit on 16-4-2009 by spinkyboo]

reply to post by GreenBicMan


Guess you missed This Article

The latest crop of quarterly numbers from the banking industry has proven promising so far. But with every harvest, there's always bound to be a few rotten apples in the bunch.

This quarter, it's likely to once again be Citigroup.

Analysts predict that the embattled bank will be one of only a few major financial institutions to record a net loss this quarter. Citigroup is scheduled to deliver its first-quarter results before Friday's opening bell.

According to current consensus estimates from Thomson Reuters, Wall Street is forecasting a loss of $1.39 billion, or 34 cents a share.

More at link

Yep...right...sure...who should we listen to here ???

Fed officials see signs of improvement
www.reuters.com...

NEW YORK (Reuters) - Two top Federal Reserve policy-makers took divergent views on the U.S. economy on Thursday, with the head of the Atlanta Fed seeing a return to growth later this year, while the head of the San Francisco Fed saw the potential for an even deeper contraction.

~

Lockhart said he expects the recession to end by mid-year with growth slowly picking up in the following months. "Today, the economy is still very weak, but there are some encouraging signs that support cautious optimism," Lockhart told the conference at the Levy Economics Institute in New York.

~

Yellen, however, took a more cautious interpretation of the latest economic data, saying signs of improvement should not be taken to mean the U.S. economy is out of the woods. "The negative dynamics between the real and financial sides of the economy have created severe downside risks," Yellen said. While Fed credit policies have created "a few welcome signs of stability", financial markets remain highly stressed, making them an impediment to recovery, she warned.

More at Links...

General Growth brings more bad news for banks
www.reuters.com...

~

"The outlook has worsened," said Anton Schutz, president of Mendon Capital.

In addition, banks could also be forced to renegotiate some loans in order to avoid further losses.

"The banks not necessarily want to own the shopping centers. Prices are very low, so the banks may be under pressure to give more leeway to stressed mall operators or shopping centers operators to continue to operate with the hope they can get through the recession rather than seizing the property, selling it at a fire sale price and having to suffer a large loss," Ellman said.

General Growth filing ups stakes in commercial mortgages
www.reuters.com...

Real Estate Plunge Spreads To Malls
www.cbsnews.com...

Icahn, Oaktree push for MGM Mirage bankruptcy: report
www.reuters.com...

Fed's Yellen: Biggest hedge funds need regulation
www.reuters.com...

JPMorgan, Goldman trading profits unlikely to last
www.reuters.com...

Wall Street loses 3,100 jobs in March
www.reuters.com...

GM would require quick bankruptcy: judge
www.reuters.com...

[edit on 4/16/2009 by Hx3_1963]