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

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posted on Apr, 20 2009 @ 09:20 PM
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reply to post by stander
 


Then you wonder who they are fooling, but then again The government has given the right to banks and financial institutions to post only good news amid the bad ones, so hey that doesn't mean businesses can not do the same.

Don't worry some savvy out there will be able to dissect the good profits from IBM soon enough.





posted on Apr, 20 2009 @ 09:22 PM
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reply to post by Vitchilo
 


Interesting, I guess the only solution to the global economic problems is after all another world war but this time we will make sure China is in the middle of it.



posted on Apr, 20 2009 @ 09:30 PM
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reply to post by Vitchilo
 


the difference in the situations is that the money that the US is "creating" is not moving, it has no velocity. The banks & AIG are simply putting it into the vault & leaving it there.

Without that money getting out into the system, it cannot have an effect.

That does not mean we won't see Demand based inflation - people want things that are harder and harder to get, so the price goes up.

We probably will see that, but without Physical dollars and/or virtual credits on a debit card, hyper-inflation is still just a word, not a potential reality

Some evening headlines

Student Loans: Default Rates Are Soaring

Colombia seeks $US10.4b credit line: IMF

Wonder if that headline has anything to do with this one:

Obama proposes $100 billion U.S. loan for IMF

[edit on 4/20/09 by redhatty]



posted on Apr, 20 2009 @ 10:05 PM
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I think today proved this???



Global stocks rally lacks fundamentals
uk.reuters.com...

HONG KONG (Reuters) - Aberdeen Asset Managers has been adding some cyclicals such as PetroChina (0857.HK) and Rio Tinto (RIO.AX) to its global stocks portfolios but is cautious on the month-long rally in equities because it lacks a fundamental basis.

Jamie Cumming, senior investment manager on the global equities team of the UK fund manager, in the last six months has used strength in defensive stocks to buy shares in the materials and industrials sectors, but is not convinced the problems that started the financial crisis are close to being solved, he said on Friday.

"People are assuming that they have seen the worst in the last couple of quarters, but I'm not so sure. There doesn't seem to be a significant amount of fundamentals supporting this rally," the fund manager said in an interview in Hong Kong.
More at Link...

And in related news...

CBI predicts worst of recession is over
uk.reuters.com...


Hang Seng 15,165.75 10:56PM ET Down 585.16 (3.72%)
Nikkei 225 8,625.69 10:30PM ET Down 299.06 (3.35%)
Straits Times 1,816.16 11:11PM ET Down 58.69 (3.13%)

[edit on 4/20/2009 by Hx3_1963]



posted on Apr, 20 2009 @ 10:12 PM
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reply to post by Hx3_1963
 


Oh Geee, Where have I heard that before???


Oh yeah, I've been preaching it, at least to GBM LOL

It's been fake, fake I tell ya. But wait, they still have a few more tricks up their sleeves, they are not done with their battle cry....

BOHICA!!!!!!!!!!!



posted on Apr, 20 2009 @ 10:22 PM
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BWWAAHAHA...someone is watching


Treasury Says ‘No Basis’ to Report on Bank Testing (Update2)
www.bloomberg.com...

And another angle on what we already know...


Jeffrey Sachs: Geithner Plan Is An "Unconscionably Large" Rip-Off
www.businessinsider.com...

Jeffrey Sachs, one of the early critics of Tim Geithner's Public-Private Investment Partnership scheme, is admitting he was wrong about the program--it's far worse than he thought.

The worst problem is that it is completely open to being scammed by banks because it allows the banks selling the toxic assets to be buyers as well. This creates the potential for a daisy-chain scam: a bank creates an off-balance-sheet entity that buys bad assets for far more than they’re worth, using money borrowed from taxpayers. When the assets turn out to be worthless, the bank-created entity then defaults on the loan. Because the loan is non-recourse, the government is left holding the worthless assets and is out the entire amount of the loan. In effect, the plans lets banks write themselves checks straight from the US taxpayers.
More at Link...

They don't even have to create an off-balance-sheet entity...they have big stakes in Blacksock and Pimpme already, but, probably won't risk them...


Your credit is no good here
&siteid=nbsh]Marketwatch

U.S. credit card firms seek to limit crackdown
www.reuters.com...

Alarm Bells Go Off As Deflation Fears Hit Europe
globaleconomicanalysis.blogspot.com...

Deflation Trade Is Back On
globaleconomicanalysis.blogspot.com...

Spain’s Falling Prices Fuel Deflation Fears in Europe
www.nytimes.com...

[edit on 4/21/2009 by Hx3_1963]



posted on Apr, 21 2009 @ 03:04 AM
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Originally posted by marg6043
reply to post by stander
 


Then you wonder who they are fooling, but then again The government has given the right to banks and financial institutions to post only good news amid the bad ones, so hey that doesn't mean businesses can not do the same.

The new happy-days-are-here-again method employed by IBM to effectively deal with the economy turned a troublemaker virtually mesmerized spinkyboo who cut his long shi, I mean his lay off list down to only a dozen companies. Scroll up and check it out.

The Dow dumped some 290 points to observe Adolf Hitler's 120th birthday,
but the interrupted rally will resume tomorrow fueled by the good news from spinkyboo.

the truth is spread by word of mouth
north is down and up is south
if it's true then 6 is 9
and what belong to you is mine

remember that words they said
if it's morning go to bed
the sun is rising in the west
and on the weekdays we all rest

we built a racetrack in our town
where everything is upside down
let's begin the truth for quest
finish last and you're the best



There has never been any mortgage crises!!
bbs.chinadaily.com.cn...


~ enchilada! ~



posted on Apr, 21 2009 @ 03:30 AM
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Europe posts worse March numbers, but, people feel better...

Guess TPTB MSM voodoo, that they do, works like Whoo Hoo !


*Fair Value*
Dow Mini +52.27
S&P +7.51
NDQ +8.28

Gold $888.45

FTSE 100 4,001.84 4:14AM ET Up 10.98 (0.28%)
CAC 40 2,991.58 4:29AM ET Up 22.18 (0.75%)
DAX 4,516.93 4:14AM ET Up 30.63 (0.68%)

Hang Seng 15,285.89 4:13AM ET Down 465.02 (2.95%)
Nikkei 225 8,711.33 3:00AM ET Down 213.42 (2.39%)
Taiwan Weighted 5,881.41 1:46AM ET Up 99.75 (1.73%)


reply to post by stander

~ enchilada! ~

It's all just a damming experience...

~ Mucinex! ~

Hmmm...all is better now...

Regulators Give Greater Weight to Loan Quality in U.S. Bank Stress Tests
www.bloomberg.com...

Goody...let the Witch Hunts begin !!!


Pelosi Sets Wall Street Probe Modeled on Pecora in 1933 After Market Crash
www.bloomberg.com...
www.abovetopsecret.com...&flagit=456688

April 21 (Bloomberg) -- Wall Street may be heading for the deepest investigation of its practices since a congressional panel’s probe of abuses following the 1929 stock market crash.

House Speaker Nancy Pelosi plans to push for a comprehensive inquiry, saying that three-quarters of Americans want to know what led to the bankruptcy of Lehman Brothers Holdings Inc. and the collapse of Bear Stearns Cos. and Merrill Lynch & Co. She favors one patterned after Senate Banking Committee hearings led by Ferdinand Pecora starting in 1933, according to her spokesman, Nadeam Elshami.

The Pecora review “was probably the single most important congressional investigation in the history of our country, except perhaps the Watergate hearings,” Donald Ritchie, associate historian for the U.S. Senate, said in an interview.

Treasury Estimates $900 Million of Losses From Citigroup Toxic Guarantees
www.bloomberg.com...

FDIC discussed possible Pandit replacements at Citi: report
&siteid=nbsh]Marketwatch

Citigroup's Shareholders Wonder When Treasury Ousts `Hall of Shame' Board
www.bloomberg.com...

American Express, Capital One Profit Squeezed as U.S. Jobless Rate Rises
www.bloomberg.com...

Oracle May Milk Sun `Cash Cow' by Cutting Thousands of Jobs, Analysts Say
www.bloomberg.com...

Nice huh? Cannibalism...


[edit on 4/21/2009 by Hx3_1963]



posted on Apr, 21 2009 @ 04:45 AM
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Some "Off Time" reading...

*Kind of* looks familiar...no ?


Wall Street Crash of 1929 and its aftermath
www.historylearningsite.co.uk...

~

The impact of the Wall Street Crash :

1) 12 million people out of work *Half way there*

2) 12,000 people being made unemployed every day *Hmmm*

3) 20,000 companies had gone bankrupt *Working on it*

4) 1616 banks had gone bankrupt *See above*

5) 1 farmer in 20 evicted *See above*

6) 23,000 people committed suicide in one year - the highest ever *Japan closing in*

Business Plot
en.wikipedia.org...

tinhat Ahhh...Squawk Box Joe mentions 2012 tent city's, food riots and a "W" outlook /tinhat Hmmm


British economy falls into deflation for first time since 1960
www.telegraph.co.uk...

[edit on 4/21/2009 by Hx3_1963]



posted on Apr, 21 2009 @ 05:55 AM
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*Fair Value*
Dow Mini -19.73
S&P -1.49
NDQ -2.72

Trending lower


BAC down ~1.4% in pre-trading

Europe started out so-so, but, seems to be losing support...

FTSE 100 3,957.59 7:05AM ET Down 33.27 (0.83%)
CAC 40 2,947.50 7:17AM ET Down 21.90 (0.74%)
DAX 4,471.46 6:53AM ET Down 14.84 (0.33%)
ATX 1,798.81 7:03AM ET Down 32.27 (1.76%)
Madrid General 896.89 7:05AM ET Down 15.26 (1.67%)
MIBTel 13,895.00 7:10AM ET Down 157.00 (1.12%)

[edit on 4/21/2009 by Hx3_1963]



posted on Apr, 21 2009 @ 06:20 AM
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From what I have been seeing and hearing all over the net, I think the rally is over. People have made pumped the stocks up and are going to try and make a buck before completely crashing the market.

The investors know something is up with the bank stress tests. Even the layman knows it. Why would they stop the tests from getting out in the first place if it there was very good news on them? That's because it's horribly bad news. Time to doctor the documents and try to make them sound good.
"Oh this bank is insolvent, but if we pump more money into it we can save it!"
Just need your money folks. More moolah!

It may lag on for the next week or two but after that it's going to drop, and drop FAST. May is going to be a horrible month for stocks. I believe a few of us have said that the bad will begin to happen during the summer. Well, May is the beginning of summer here in Texas.

Get ready folks. The roller coaster is about to reach the top of the climb and free fall till it jumps the tracks and crashes killing the economy.

By the way anyone else find it ironic that we, the tax payers, are paying banks for our own money?



posted on Apr, 21 2009 @ 06:25 AM
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reply to post by Tentickles
 
Yep strange indeed...

We're doing them a favor, letting them use our deposits, to loan and make money on...

Hmmm...I just killed my own argument, before I started it...


There's the whole problem...Hmmm...WTF?!?


I'm losing it...

BAC down 3%+

Dow Mini -23.73
S&P -.89

FTSE 100 3,949.06 7:11AM ET Down 41.80 (1.05%)
ATX 1,792.75 7:11AM ET Down 38.33 (2.09%)

[edit on 4/21/2009 by Hx3_1963]



posted on Apr, 21 2009 @ 06:31 AM
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reply to post by Hx3_1963
 


It's okay, I'm losing it as well.
Dragging this out has only made me more crazy than I already was!

I am very interested to see how the market does today.



posted on Apr, 21 2009 @ 06:36 AM
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reply to post by Tentickles
 
I'm guessing not to well, but, what do I know anymore...



Bank of NY Mellon cuts dividend as profit falls
www.reuters.com...

NEW YORK (Reuters) - Bank of New York Mellon Corp said first-quarter profit fell by more than half as fees tumbled, and the bank slashed its dividend 63 percent in an effort to build capital.

Net income attributable to common shareholders declined 57 percent to $322 million, or 28 cents per share, from $746 million, or 65 cents, a year earlier, the bank reported on Tuesday.

The latest results included 21 cents per share of charges to write down goodwill and investments, and 4 cents per share of merger costs. The bank said revenue fell 22 percent to $2.93 billion.


Dow Mini -62.73
S&P -5.59

FTSE 100 3,913.42 8:08AM ET Down 77.44 (1.94%)
CAC 40 2,922.76 8:23AM ET Down 46.64 (1.57%)
DAX 4,415.70 8:09AM ET Down 70.60 (1.57%)
ATX 1,782.60 7:49AM ET Down 48.48 (2.65%)
Madrid General 889.62 7:50AM ET Down 22.53 (2.47%)

Gold $890.25 ^

BAC down 7.11%

www.marketwatch.com...

C down 5.78%

Hol' on ta da rails...we're goin' down fast cap'n!!!


I can't even keep up with the missed earning today...not looking good...


(I just love talking to myself through the nite...it's so quiet...
)

[edit on 4/21/2009 by Hx3_1963]



posted on Apr, 21 2009 @ 07:32 AM
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reply to post by Tentickles
 


Don't worry, once the government "claimed" last month that the worst of the recession was over the damage team was there to make everything look peachy.

So with all the squandering that our own government has been doing when allowing the Bernanke and Geithner run the show we all know that those printing pressers will be over worked day and night to keep the Markets looking good.

They are so caught up in their own deception that is not longer any way around the financial crisis.

Where are the one million jobs?!!!!!



posted on Apr, 21 2009 @ 07:37 AM
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reply to post by marg6043
 
Didn't ya hear...

Most of the cash isn't supposed to come out to maybe next year...Hmmm...

Not that we'll still be around by then, but...

Dow Mini -54.73
S&P -4.29

ATX 1,776.13 8:29AM ET Down 54.95 (3.00%)
FTSE 100 3,911.61 8:29AM ET Down 79.25 (1.99%)
CAC 40 2,920.80 8:44AM ET Down 48.60 (1.64%)
DAX 4,408.18 8:30AM ET Down 78.12 (1.74%)

Gold $895.20 ^

BAC -9.35%


C -8.16%

XLF: Huntington, Zions, Northern Trust fall after earnings
&siteid=nbsh]Marketwatch

Strap on yer Tinhats today kiddies...gonna be another ruff ride...


Either that or run to yer bank...


[edit on 4/21/2009 by Hx3_1963]



posted on Apr, 21 2009 @ 07:53 AM
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Obama’s New Stimulus Plan May Be the Needle That Pops the Treasury-Bond Bubble

www.moneymorning.com...

Can this happen eventually? and what will this mean to America.

All the rush into saving the economy is now creating what many experts see as the New bubble, that, in which the treasury Department will be at risk.

The more money is needed to save the financial and now almost "everybody else" will be inflating the new bubble until is not other way to go but with a big pop.

The only thing that investors have around the world to trust the Treasury bonds is the promise of the American government standing behind this bonds.

That is all that is there as we stand today.

As long as the US printing presses keep producing fresh dollars they can back up the bonds.

The truth is that the so call TARP and what ever else is been used and the amount of money been issue through this program doesn't compare to the "other" expenses that our government is incurring at the expenses of tax payer dollars.

When you add all the money been spend in such a small amount of time you most wonder from where all this money is coming from.

$300 billion has been spent on Fannie Mae, Freddie Mac (FRE), American International Group Inc. (AIG) and Bear Stearns Cos. (now part of JP Morgan Chase & Co. (JPM).
$300 billion on Citigroup.
$700 billion on TARP - though not on what TARP was intended for.
$800 billion on Fed-directed asset-backed debt-purchase programs.
$1.4 trillion on FDIC bank guarantees.
$2.3 trillion on Fed commercial paper programs.
And $2.2 trillion on other Fed lending and government commitments.

That totals a little bit more than $8.5 trillion.

Guess what the Treasury has been very busy selling cheap debt.

Creating another crisis that we may never recover if the treasury bubble burst.

As the government keeps borrowing tax payer dollars that has not been collected yet, the bubble will keep inflating as they need trillions of dollars to make the government work, bailout financial institutions and everything else they need all in one fiscal year.

With the unemployment at the highs is now and getting worst with not light on new jobs we most wonder how the government is going to get the money to pay all that debt.

Yes the Treasury only choice is to print more money that translate into more debt and nothing but more worthless paper.

Then the bubble will eventually burst and this time the Treasury department will be the one bursting along with it.



posted on Apr, 21 2009 @ 08:20 AM
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FTSE 100 3,899.01 9:02AM ET Down 91.85 (2.30%)
CAC 40 2,909.09 9:17AM ET Down 60.31 (2.03%)
DAX 4,401.42 9:03AM ET Down 84.88 (1.89%)
MIBTel 13,716.00 9:18AM ET Down 336.00 (2.39%)
Madrid General 884.67 9:15AM ET Down 27.48 (3.01%)
ATX 1,774.85 9:03AM ET Down 56.23 (3.07%)

DSM 20 Index 5,273.76 -236.67 -4.29% 05:29
MSM30 Index 5,064.88 -243.99 -4.60% 05:11
Athex Composite Share Pr 1,886.70 -86.55 -4.39% 08:52

Oil $44.19 v

BAC -11.60%

C -8.84%

[edit on 4/21/2009 by Hx3_1963]



posted on Apr, 21 2009 @ 08:25 AM
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How the Tarp money was never to help the tax payer but was the loophold that big financial institutions needed to create fraud against the tax payer.

All with the blessing of our own politicians that voted for it.


Americans are increasingly exposed to losses, and the government is more vulnerable to fraud, under initiatives that have created a federal bank bailout program of "unprecedented scope," a government report finds.


www.cnbc.com...

Well at least we here knew the truth intentions of this against the tax payer discriminated and unconstitutional bill that was pushed upon the hard working tax payer backs by our our pay off politicians.



posted on Apr, 21 2009 @ 08:53 AM
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Heh...

I give up...really...

The market will probably up up today...

Go figure...


Dow Jones Industrial Average 7,846.03 9:52am ET Up 4.30 (0.05%)
S&P 500 INDEX,RTH 834.04 9:52am ET Up 1.65 (0.20%)
NASDAQ Composite 1,624.58 9:53am ET Up 16.37 (1.02%)



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