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

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posted on Apr, 20 2009 @ 09:13 AM
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Seems to be like there is some manipulation, or perhaps, modified timing today.

Banks are tanking, on what everyone already knew, the credit problem is still there.

But Oracles big announcement, to me was deliberatley planned for the same bank bad news.
Sort of like, a balloon for someone floating in the ocean.

it will slow the drowning, but it wont last.




posted on Apr, 20 2009 @ 09:16 AM
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Dow Jones Industrial Average 7,933.48 10:14am ET Down 197.85 (2.43%)
Dow Jones Industrial Average 7,927.67 10:16am ET Down 203.66 (2.50%)
Dow Jones Industrial Average 7,917.31 10:20am ET Down 214.02 (2.63%)

Dow Jones Transportation Averag 2,945.63 10:22am ET Down 149.24 (4.82%)

S&P 500 INDEX,RTH 846.58 10:15am ET Down 23.02 (2.65%)
S&P 500 INDEX,RTH 844.65 10:21am ET Down 24.95 (2.87%)

S&P 400 MIDCAP INDEX 527.90 10:21am ET Down 22.30 (4.05%)

NASDAQ Composite 1,626.29 10:15am ET Down 46.78 (2.80%)
NASDAQ Composite 1,622.96 10:25am ET Down 50.11 (3.00%)

NYSE COMPOSITE INDEX (NEW METHO 5,287.67 10:17am ET Down 192.93 (3.52%)
RUSSELL 2000 INDEX 462.17 10:02am ET Down 17.20 (3.59%)

FTSE 100 3,982.56 10:09AM ET Down 110.24 (2.69%)
CAC 40 2,978.43 10:24AM ET Down 113.53 (3.67%)
DAX 4,493.26 10:01AM ET Down 183.58 (3.93%)

CITIGROUP INC 3.22 10:04AM ET Down 0.43 (11.78%) 171,307,277

BK OF AMERICA CP 9.29 10:04AM ET Down 1.31 (12.36%) 145,708,179

FINANCIAL BULL 3X 8.04 10:05AM ET Down 1.36 (14.47%) 56,352,668

[edit on 4/20/2009 by Hx3_1963]



posted on Apr, 20 2009 @ 09:25 AM
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More Accounting Games, in stretching TARP further by converting its preferred shareholdings to common stock to "increase the capital of big banks by more than $100 billion."


* If you don’t give a bank any more money, it doesn’t have any more money. By converting preferred into common, you haven’t changed the chances of the bank going bankrupt, because its assets haven’t changed, and its liabilities haven’t changed. If it had enough money to cover its liabilities, but it couldn’t buy back its preferred shares from Treasury, it’s not like the government would have forced it into bankruptcy anyway.
* If you accept the idea that converting preferred into common creates new capital, then you are implying that those preferred shares weren’t capital in the first place. From a capital perspective, then, the initial TARP “recapitalizations” did nothing, and nothing happens until the conversion. You can’t say that JPMorgan got $25 billion of capital last fall and it’s going to get another $25 billion now just by virtue of the conversion.
* Tangible common equity and Tier 1 capital are just two ways of measuring the health of a bank. Taking money that wasn’t TCE and calling it TCE doesn’t serve any economic purpose. There is a minor benefit to the bank because now it doesn’t have to pay dividends on the preferred. But otherwise you’ve just shuffled together the claims of the last two groups of claimants - the preferred and the common shareholders. You’ve made things look better from the perspective of the common shareholders as a group, because they no longer have preferred shareholders standing in front of them, but the total amount available to all shareholders hasn’t changed.


More at link.



posted on Apr, 20 2009 @ 09:45 AM
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reply to post by theWCH
 


Is nothing but a game that this morons and greedy bastards are playing against those that do not understand how their deceiving practices works, the one thing that bothers me the most is how our own government trying to covert their greedy dirty arses are going along with it.

No amount of money, deceiving practices and sugar coated numbers is going to stop the mess that these entities created base on nothing but greed.

I can not wait for all this BS to finishing hitting the roof so perhaps we the commoners and hard working Americans can retake our nation back.



posted on Apr, 20 2009 @ 09:50 AM
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Okay...so the federal reserve is selling us short and out.
Just took a look at the figures this morning and do not have time to investigate the
Why and How of the big plunge.
What is happening this Monday morning with our illustrious market??

Peace...



posted on Apr, 20 2009 @ 09:52 AM
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Dow Jones Industrial Average 7,898.28 10:44am ET Down 233.05 (2.87%)
S&P 500 INDEX,RTH 841.73 10:49am ET Down 27.87 (3.20%)
S&P 400 MIDCAP INDEX 527.86 10:49am ET Down 22.34 (4.06%)
S&P SMALLCAP 600 INDEX 244.62 10:33am ET Down 10.26 (4.03%)
NASDAQ Composite 1,617.60 10:50am ET Down 55.47 (3.32%)
RUSSELL 2000 INDEX 459.69 10:35am ET Down 19.68 (4.11%)

FTSE 100 3,978.56 10:36AM ET Down 114.24 (2.79%)
CAC 40 2,960.11 10:51AM ET Down 131.85 (4.26%)
DAX 4,489.96 10:36AM ET Down 186.88 (4.00%)
AEX General 233.01 10:52AM ET Down 10.80 (4.43%)
Stockholm General 224.85 10:51AM ET Down 11.25 (4.76%)

MICEX INDEX 895.35 -37.55 -4.03% 08:41

Europe is getting killed...well not killed, but...!!! We're not doing much better...


Gold $884.87 ^

Oil $46.23 v

[edit on 4/20/2009 by Hx3_1963]



posted on Apr, 20 2009 @ 09:53 AM
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It looks to me like some bad writer is now eradicating the lines he wrote yesterday and filling in some completely different contents.


Wall Street - the Mother of Soap Opera!




posted on Apr, 20 2009 @ 10:00 AM
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BAC -16%+
C -15%+

Dow Jones Industrial Average 7,907.12 10:58am ET Down 224.21 (2.76%)
Dow Jones Transportation Averag 2,934.14 11:09am ET Down 160.73 (5.19%)
S&P 500 INDEX,RTH 842.21 10:58am ET Down 27.39 (3.15%)

FTSE 100 3,962.87 10:47AM ET Down 129.93 (3.17%)
CAC 40 2,966.16 10:59AM ET Down 125.80 (4.07%)
DAX 4,474.47 10:47AM ET Down 202.37 (4.33%)
Stockholm General 224.91 11:07AM ET Down 11.19 (4.74%)

MerVal 1,195.76 10:48AM ET Down 62.71 (4.98%)

[edit on 4/20/2009 by Hx3_1963]



posted on Apr, 20 2009 @ 10:03 AM
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What happen today is very simple the ones that took advantage of the last 6 weeks of deceiving numbers due to "supposedly profits by some of the banking institutions that took tarp are now running with their booty" or that is what they think they are doing.


So they are letting the markets tank waiting for another opportunity to make money again.



posted on Apr, 20 2009 @ 10:03 AM
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reply to post by Hx3_1963
 


The next news story you get is going to be about all of the "profit taking" bringing the market down. Don't you remember the last time? It was a over priced market inflated on lies that decided it wanted some profits and sunk it for a few hundred.
The US and EU may be getting killed right now but someone forgot to tell the Asia's that we were doing a sell out today...

Expect another story about all of the bad debit in the USA an EU to come out of the Asia's tomarrow. Gawd this is getting so predictable it isn't fun anymore! At least they could change the wording here and there. Even the Gov is rehashing their spew now. Although they are throwing in a curve ball here in there testing the waters if you will. Like the preffered turning to common and what if the gov took an ownership stake news stories. Look's like they have been given their answer this morning! Getting their butt's handed to them on the market front.

On a side not the anti-racism conference isn't going to well either Irans head prez started his spew and what was left of the western nations walked out, the protestors started yelling racisit and throwing things at him.



posted on Apr, 20 2009 @ 10:06 AM
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Weren't the Oriental markets up?
So, this is how the balance is achieved?
Take knife out of one back and plunge in stomach of the other.
What a racket!!

Time to check those figures again...

Peace...



posted on Apr, 20 2009 @ 10:19 AM
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reply to post by xoxo stacie
 


You know what you are onto something here, after all the news played this weekend the incoming attack of Israel on Iran nuclear "plants" that will also play negative on the US markets as we know that if Israel littler plan backfire and kick them in their butts guess who is going to the rescue.



I think something more than just the sell out and run is behind the bad numbers today, perhaps the volatility in the world of Israel and Iran is shaking the markets to.


[edit on 20-4-2009 by marg6043]



posted on Apr, 20 2009 @ 10:20 AM
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Fifth Third Bancorp (one of the regional banks mentioned in the Weiss report) is down 17%, to just under $4.00.

Might be a good time to tell my friends/family to get their money out of Fifth Third...US Leading Economic Indicators Index fell more than forecast in March.


The index of U.S. leading economic indicators in March fell more than forecast, indicating any recovery from what may be the longest recession in the postwar era is still many months away.

The Conference Board’s gauge fell 0.3 percent after a 0.2 percent drop in February that was smaller than previously estimated, the New York-based research group said today. The index points to the direction of the economy over the next three to six months.

Rising unemployment and tight credit mean recent gains in consumer spending, the biggest part of the economy, will probably not be sustained, extending the contraction well into the second half of the year. The report cautions that Federal Reserve and Obama administration measures to boost the financial system may not immediately pay off.


More at link.

This looks like one of those "okay, back to reality" days.

[edit on 20-4-2009 by theWCH]



posted on Apr, 20 2009 @ 10:25 AM
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reply to post by marg6043
 


I think perhaps it is both, the unrest and the failed attempts at getting people to believe all the rosey hype being flung around. The banks can claim profits all they want. But when most of their sectors are reporting major upheaval/losses in step with the so called profits it is only going to be so long before the house falls.
Also Isreal came out right after that story and said it wasn't true; I believe it was perez? But with all of that aside it is becoming blantently obvious that the people around the world are loosing more and more of their trust in the market system as a whole. They can see the major problems all around them and are not so easily fooled anymore.

Side note someone has been fedding DEUTSCHE BANK N like mad this past month:
Jan 20,2009 16.98
Mar 6,2009 18.79
April 17,2009 41.70

24.72 might not seem like much but when they are broke like all the other major banks it is a hell of alot of cash influx from somewhere.

[edit on 20-4-2009 by xoxo stacie]



posted on Apr, 20 2009 @ 10:33 AM
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Citi's credit losses growing at 'rapid rate,' analyst says
&siteid=nbsh]MarketWatch

Bank of America profit rises, credit quality sours
www.reuters.com...

Dow Jones Industrial Average 7,919.78 11:32am ET Down 211.55 (2.60%)
S&P 500 INDEX,RTH 843.42 11:32am ET Down 26.18 (3.01%)

CITIGROUP INC 3.02 11:17AM ET Down 0.63 (17.26%) 312,957,311
BK OF AMERICA CP 8.82 11:18AM ET Down 1.78 (16.79%) 291,339,551
Fifth Third Bancorp 3.99 11:18AM ET Down 0.84 (17.39%) 19,551,498
AMER INTL GROUP INC 1.36 11:19AM ET Down 0.26 (16.09%) 79,892,878
FINANCIAL BULL 3X 7.77 11:19AM ET Down 1.63 (17.35%) 117,164,289
FINANCIAL BEAR 3X 10.50 11:21AM ET Up 1.60 (17.98%) 82,947,197

It looks like Sun is the only thing holding up the market today...


Sun Microsystems, Inc. 9.10 11:21AM ET Up 2.41 (36.02%) 578,920,831

[edit on 4/20/2009 by Hx3_1963]



posted on Apr, 20 2009 @ 10:42 AM
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reply to post by Hx3_1963
 



Analyst: Bank Hurricane Not Over -- We're in Eye of Storm

finance.yahoo.com...

“I think that second half story hasn’t been accounted for in provisions heretofore very acceptably. And I think the loss rates are going to be staggering. And I think that’s where we going to realize that the crisis is redoubling upon itself.”

Someone has been paying attention to all of this other than us
He is right though it is a natural cycle in this whole mess we are in for another dive because of how this has gone so far. You can't just jack up the market and expect it to stay there. It will eventually come down hard off the "high" and make the old low's look like the next 5 years high's.



posted on Apr, 20 2009 @ 10:55 AM
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reply to post by xoxo stacie
 


I see now, Israel backed off after all.


Also we can not forget the credit card bubble, last week an "informant" that wanted to stay "unnamed" said that the Obama administration was going to have a closed door meeting with the major credit card holders to see into "unfair practices", but I bet that it was to access the credit card default damage.

Credit car defaults are getting bad and that means more loses for the banks.



posted on Apr, 20 2009 @ 11:13 AM
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Sure they have enough money...just print it and send us the bill...



White House: Treasury has enough capital for banks
&siteid=nbsh]MarketWatch

WASHINGTON (MarketWatch) - The U.S. government has enough money to shore up 19 large U.S. banks that are participating in a $700 billion financial rescue package, according to key Obama administration officials.

"We believe we have those resources available in the government as the final backstop to make sure that the 19 are financially viable and effective," White House Chief Of Staff Rahm Emanuel said on the ABC program "This Week" on Sunday.

The Treasury Department has roughly $134.5 billion in funds remaining as part of the $700 billion bank-bailout legislation approved in October. More may be on the way, as Goldman Sachs plan to return $10 billion and $25 billion they received in October as part of the Treasury's Capital Purchase Program.
More at Link...



posted on Apr, 20 2009 @ 11:21 AM
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reply to post by Hx3_1963
 


Plain talking CT:

Hand out the TARP funds, provide insider knowledge to the recipients regarding dates of future announcements / leaks. Recipients make untold profits playing the markets, then hand back the TARP monies pronto.

Nobody loses. (Except the non-privileged who remain on the outside.)

Can anyone say Legatus?

(Tin hat off.)



posted on Apr, 20 2009 @ 11:41 AM
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reply to post by pause4thought
 
Legatus...there...


And in yet more news...


Stress Test Results: Most Banks Likely to Pass
www.time.com...

Is your bank broke? Probably not.

Consumers and investors have been waiting for weeks for the results of the Treasury Department's "stress tests" of the nation's 19 largest banks. And it won't be until May 4 that we get definitive results. But a senior Administration official says the Treasury Department has indicated that there is substantial value in the banks tested and that there are no big shocks coming.

That likely means no big bank will be deemed too stressed to survive. The official says the Treasury does believe some of the banks will need additional capital to make them stronger, and in all likelihood the government will identify those banks.
More at Link...

Treasury does not yet have stress test results
www.reuters.com...

Hmmm...

BAC -19%+
C -17%+

Dow Jones Transportation Averag 2,942.23 12:59pm ET Down 152.64 (4.93%)

[edit on 4/20/2009 by Hx3_1963]



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