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

Default Rates Reach ‘Eye-Popping’ Levels in March, Goldman Says
And they were crying with a 2.5% defaut rate... it's gonna be real bad.

Fed study puts ideal US interest rate at -5%

Lol? They should do it.

Maybe with all this news the markets will go where they are supposed to go... below 6600.

[edit on 28-4-2009 by Vitchilo]

Originally posted by spinkyboo
UM - WHAT?!

The virus poses a potentially grave new threat to the U.S. economy, which was showing tentative early signs of a recovery. A widespread outbreak could batter tourism, food and transportation industries, deepening the recession in the U.S. and possibly worldwide.

- showing tentative early signs of a recovery?!! -
Someone is smokin' something rather potent - and just lyin' all over the place.

news.yahoo.com...

Oh, come on!

It is clear now that this is just another BUBBLE.

Every year, so I read somewhere, thousands of people die in America only from ordinary, human flu.

This is definitely a god-given manipulation and fear mongering in order to cover up another grand scale theft of trillions of dollars. It's getting so obvious.

U.S. bank, flu fears chill stabilization hopes
www.reuters.com...

LONDON/SINGAPORE (Reuters) - Fears about a possible global flu crisis and renewed worries over the capital health of some U.S. banks combined on Tuesday to rattle economists' hopes the financial system was stabilizing.

The Wall Street Journal reported regulators told Citigroup Inc (C.N) and Bank of America Corp (BAC.N) they needed to raise billions of dollars more in capital following "stress tests" of banks' ability to withstand the economic crisis.

"The flu story and the story on Citi and Bank of America have spooked the whole market," CMC Markets analyst James Hughes said, talking about foreign exchange trading.

More at Links...

Bair Looks Beyond Tests, Says FDIC Needs Power to Close Holding Companies
www.bloomberg.com...

April 28 (Bloomberg) -- Federal Deposit Insurance Corp. Chairman Sheila Bair, looking beyond stress tests that will determine the health of the top 19 U.S. banks, said her agency should have the authority to close even the biggest lenders.

The “too-big-to-fail concept” should be “tossed into the dustbin,” and the FDIC should have the power to close “systemically important” financial firms, Bair said in a New York speech yesterday. “Given our many years of experience resolving banks and closing them, we’re well-suited to run a new resolution program,” she said.

Analysts are recalibrating their estimates of the results of the federal bank examinations after the government announced the test methodology last week. Lenders were given preliminary results on April 24 and have time to discuss them with regulators before the full readings are released on May 4.

TARP cop sees unstressful bank tests
www.reuters.com...

IRS says set to pursue "other banks" on tax evasion
www.reuters.com...

Fortis shareholders revolt at meeting on BNP deal
www.reuters.com...

Heebner's Investors Flee With $219 Million as Top Managers See Withdrawals
www.bloomberg.com...

Hong Kong regulator freezes hedge fund assets
www.reuters.com...

Treasury has new mortgage incentives: official
www.reuters.com...

GM offers final survival plan
www.reuters.com...

[edit on 4/28/2009 by Hx3_1963]

Another sad start it looks like...

S&P 500 -15.10 841.70 4/28 8:36am
Fair Value 854.01 4/27 9:38pm
Difference* -12.31

NASDAQ -17.75 1355.50 4/28 8:35am
Fair Value 1368.17 4/27 9:38pm
Difference* -12.67

Dow Jones -124.00 7878.00 4/28 8:25am
===
FTSE 100 4,077.27 8:28AM ET Down 89.74 (2.15%)
CAC 40 3,035.12 8:43AM ET Down 67.31 (2.17%)
DAX 4,555.07 8:28AM ET Down 139.00 (2.96%)
Stockholm General 232.43 8:48AM ET Down 9.10 (3.77%)
===
Hang Seng 14,555.11 5:59AM ET Down 285.31 (1.92%)
BSE 30 11,001.75 6:28AM ET Down 370.10 (3.25%)
Nikkei 225 8,493.77 3:00AM ET Down 232.57 (2.67%)
Seoul Composite 1,300.24 5:04AM ET Down 39.59 (2.95%)
===
Gold $887.90

[edit on 4/28/2009 by Hx3_1963]

reply to post by RetinoidReceptor


Yes that is rigth but while we have been inundated by the news of the "pandemic" it has gone unnoticed that Geithner is asking another 500 billion plus for the banks.

Still this only shows that the so call "banks stress test" may have been worst that speculated, not wonder it has not been released yet.

reply to post by marg6043
Oh...you mean something like this ?

$400 Billion More In Bank Losses On The Way
globaleconomicanalysis.blogspot.com...

Another day, another glowing financial headline. Here is the ridiculous headline of the day: Bank of America posts first-quarter profit, surpasses view.

More at Link...

MEXICO BOLSA INDEX 21,827.11 -755.06 -3.34% 04/27
MEXICO INMEX INDEX 1,163.34 -42.76 -3.55% 04/27
MEXICO IMC30 INDEX 258.58 -13.08 -4.81% 04/27
MSE TOTAL RETURN INDEX 24,990.35 -801.98 -3.11% 04/27

[edit on 4/28/2009 by Hx3_1963]

Home Prices Fall Again, but Pace of Decline Slows

Prices of U.S. single-family homes fell 18.6 percent in February from a year earlier but the rapid pace of decline slowed, perhaps indicating the housing market may be nudging closer to a bottom, according to Standard & Poor's/Case-Shiller Home Price Indices released on Tuesday.

www.cnbc.com...

Bonds Show 'Terrifying' Economic Weakness: Hendry

www.cnbc.com...

Well at least somebody is making money with the "swain flu"

Pharma Stocks Get a 'Swine Flu Rally' (Video)

pharmaceutical stocks were sharply higher Monday in reaction to flu outbreaks — and the gains seemed to ripple through the sector.

www.cnbc.com...



[edit on 28-4-2009 by marg6043]

reply to post by Hx3_1963


Now that is "new" to me, they are losing 400 billion? and where the so call "profits" are coming from.

Still the credit card, prime mortgage and commercial real state default figures are starting to become dangerous and the government is aware of it.

Those are all loses.


[edit on 28-4-2009 by marg6043]

BAC Pre-Market After Hours $8.07 Change: -0.85 -9.53% Volume: 15,205,951

Sweden
OMX STOCKHOLM 30 INDEX 745.77 -36.88 -4.71% 09:21
OMX STOCKHOLM BENCHMARK 319.87 -12.64 -3.80% 09:07
OMX STOCKHOLM INDEX 231.59 -9.94 -4.12% 09:22
DJ SWEDEN TITANS 30 SEK 502.32 -25.28 -4.79% 09:20

Russia
MICEX INDEX 872.15 -30.30 -3.36% 09:07
MICEX 10 INDEX 1,682.12 -59.49 -3.42% 09:08
RUSSIAN RTS INDEX $ 783.47 -19.70 -2.45% 09:07
RTS-2 INDEX 613.71 -6.48 -1.04% 09:07
RUSSIAN TRADED INDEX 1,252.32 -48.97 -3.76% 09:08

[edit on 4/28/2009 by Hx3_1963]

reply to post by irishchic


Girl you look fantastic, love you hair, I see you love ford, my husband has a 2008 GT Mustang with the new gray Metallic color that sparkles.

We are waiting to see if the Camaro finally makes its debut and if GM will hold until then and perhaps go from there, I love the new Camaro.

BTW you look great!!!!!!!!!!

I'm sitting here dumbfounded. How the market stays up when housing prices are still declining, Japan revised their GDP lower and uncertainty about banks are coming back into the system, and bond defaults rise is beyond me. Makes one curious.

[edit on 28-4-2009 by RetinoidReceptor]

reply to post by marg6043


Thanks for making my day! You are fabulous as well!!! LOVE that new avatar,LOL!
Yep...I'm a Mustang girl,also have a 66'...
SO much news this am,need to get off my a** and get physical to ease the stress!
Betting the "drug companies" will start pulling some proverbial rabbits out of their sleeves right about now for profit!
Going to be a wild couple of days ahead I think and it's pouring rain here to add to the gloom and doom,LOL!

Update: I"m reading around like the Energizer Bunny and honestly? This entire flu-drama is starting to STINK of politics and profit like everything else out there right now...add in a hefty dose of diversion and voila!
You've got yourself a stew that will feed the masses for quite a while to come.
I'm still "cautious" about it all but it's like somepne pushed the available info off a ramp into outer space this am and all I'm reading is that the "finger pointing" has started!

[edit on 28-4-2009 by irishchic]

Bair Looks Beyond Tests, Says FDIC Needs Power to Close Holding Companies
www.bloomberg.com...

Fed Relies on Bank Reserves to Fight Inflation When U.S. Economy Rebounds
www.bloomberg.com...

Citi talking to U.S. on capital, may alter exchange
www.reuters.com...

NEW YORK (Reuters) - Citigroup Inc is talking to the U.S. government about its capital levels after receiving the early results of its stress test, but if it needs more capital it does not expect the government to provide it, people familiar with the matter said.

More at Link...

[edit on 4/28/2009 by Hx3_1963]

Today 89,000 BAC May 11 dollar calls have traded today. Wow. Maybe someone is betting BAC is going back over 11 again?

11 calls are only .30 so maybe shorts are buying them? Or people who bought more expensive puts are buying them?

[edit on 28-4-2009 by RetinoidReceptor]

The only thing I see...we'll be bank free, before TARP free...

Rep Frank sees banks TARP-free in a year
www.reuters.com...

WASHINGTON (Reuters) - The U.S. banking system could be free of government money within a year, the powerful chairman of the U.S. House of Representatives Financial Services Committee said on Tuesday.

Representative Barney Frank, a Democrat from Massachusetts, said it would be "good for public confidence" if large banks repay funds from the government's $700 billion Troubled Asset Relief Program, noting he had a difference of opinion with Treasury Secretary Timothy Geithner.

"We're hoping there won't be any government funds in banks a year from now," Frank told the Reuters Global Financial Regulation Summit.

Originally posted by Hx3_1963
The only thing I see...we'll be bank free, before TARP free...

I don't understand why the government is blatantly lying about the health of the banks. If there are problems down the road it will just hurt things worse and hurt more people (since they put their money in harms way).

reply to post by RetinoidReceptor
It is quite stupid...

Most intelligent people know what the deal is...

I guess just burying yer head in the sand is the answer anymore...

I like pitchforks and torches myself...




FTSE 100 4,096.40 11:35AM ET Down 70.61 (1.69%)
CAC 40 3,051.02 12:13PM ET Down 51.41 (1.66%)
DAX 4,607.42 11:45AM ET Down 86.65 (1.85%)
Stockholm General 233.53 11:40AM ET Down 8.00 (3.31%)

[edit on 4/28/2009 by Hx3_1963]

Originally posted by Hx3_1963
reply to post by RetinoidReceptor

 

It is quite stupid...

Most intelligent people know what the deal is...

I guess just burying yer head in the sand is the answer anymore...

I like pitchforks and torches myself...

FTSE 100 4,096.40 11:35AM ET Down 70.61 (1.69%)
CAC 40 3,051.02 12:13PM ET Down 51.41 (1.66%)
DAX 4,607.42 11:45AM ET Down 86.65 (1.85%)
Stockholm General 233.53 11:40AM ET Down 8.00 (3.31%)

[edit on 4/28/2009 by Hx3_1963]

Whatever. You have to give whoever came up with this scheme a lot of props. They effectively made it possible for banks to raise private capital without totally tanking the industry when just 6 weeks ago media outlets did not stop talking about how banks would collapse. Whoever made it up is the Karl Rove of finance and accounting.

Dendreon (DNDN) had their stock run from 2.5 to 25 on hopes that their cancer drug that uses the patient's immune system to fight the cancer will be approved (studies demonstrated that it worked). Today the FDA is coming out with a report on it, the shares of DNDN went down 45% (and even more earlier) and trading shares have been halted by the NASDAQ in fear that it will create a panic. Shares will resume trading after Dendreon's conference call. I think it is either after the bell (AH) or will resume in pre market tomorrow.