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

Will the closing of so many car dealerships create a hardship for you?
Yes 10% 12016
No 90% 107102

I hope the 10% yes are not employed by dealerships. I always thought a city needed one auto dealership .. seriously, the dealership on every other street corner was a little over done. GM is slashing 1,100 dealerships .. trumping Chrysler cuts.

I was looking around news articles, Kansas City sites that GM claims roughly 48 people work at a single dealer on average..

Adding Chryslers 789 dealers, GM's 1,100 dealers, that gives us roughly 90,672 being layed off

Take a look at these numbers though:

i2.cdn.turner.com...

The people who run "American" Auto companies are quite simply.... retarded.

Just wanted to say hey to all...took a break and that means from tech as well,LOL!
Went and played for a week,did me good.
LOTS to catch up on...where is Hx3 BTW?
Hoping all are well and staying sane and solvent!

Wow, so today was interesting..

Some people may think this week was terrible, I think the exact OPPOSITE

Infact, its done EXACTLY what it has supposed to do, imo, of course.

I will refer you to this..


DJI CLOSE AS OF MAY 15 - with captions

I hope the link works.

It pretty much outlines what I have been referring to for the past 2-3 months or however longs its been

Im not going to analyze this of course, b/c I would want to be executed for giving my opinion, but you can form your own

reply to post by GreenBicMan


Market wise it was a perfectly normal sane day. Day's where +- 100+ points are not signs of a healthy market.. this weeks relatively normalness is refreshing. Normal anyways, as far as this economy is concerned.

On Economic news however, it was another ugly day. Chart's and Stocks don't represent the Real Economy in this recession. Be it huge losses, or huge gains.

Volume was light today some investors sold the morning rally but there was no mass exit. GBM , the Dow hit 8230 intraday are you now short or long? I am seeing a few more analysts switch their position in the media reports and saying we have changed market trend from up to down.

I better add a conspiracy angle to this so it is not off topic. Its interesting the big short selling funds were almost completely absent from the recent market rally? Seems logical that if they really wanted to take the market down fast they would have been in hammering the market today? Perhaps a nice orderly decline is better for business as it attracts more sellers than a big one day decline?

[edit on 15-5-2009 by fromunclexcommunicate]

reply to post by fromunclexcommunicate


Its based on where it closes, as you can see on the chart, intraday it has crossed below, than ALWAYS closed above (with the exception of 1 day i think it was like 1.5 pts under...)

reply to post by Rockpuck


Not right now my friend it doesnt, but its telling you where its going to go down the line.. the market will NEVER imitate the present
EDIT: Unless it is acting on breaking news etc.. of course

[edit on 15-5-2009 by GreenBicMan]

LAYOFF DAILY
Fri 5-15-2009 and 5-14-2009

Santa Rosa, CA County Court -10
Koenig & Vits -86
ArvinMeritor -160
LA teachers protesting potential layoffs arrested for civil disobedience
Additional Medtronic mass layoffs -60
Mendecino Redwood Company -30
Cleveland County, OH area schools -70
Tuscon and Ann Arbor newspapers fold, layoff staff
Rayley's Grocery chain offers buyouts to 3,000 union workers
Covenant College -9
40,000 Europeans march to protest Layoffs
University of Maine -109
Economics Friday: German GDP falls at an astounding 15.2%
Aramark -185
YRC Inc. -113
Idearc Media LLC -98
Olympus Corp. -119
BearingPoint, Inc. -13
Concord Steel -50
Willingboro, NJ Schools -160
South Coast Medical Center -580
Mid South Red Cross -9
GM plans to close 1,100 dealerships
Saga Foods (Hungary) -500
Lyon County, NV -10
Satyam Computer Services (india) -14,000
Simmons & Simmons -91
JLG Industries -100
Additional layoffs coming at Bosch Chassis
Alberta heath Systems (Canada) -100
City of Wilmington, DE Police Dept. -17
Battle Ground, WA School District -77
Lutheran Social Services of Indiana -10
North Attleboro, MA area schools -19
Santa Cruz, CA City Schools -30
Oshawa, Canada GM Plant closes for good -1,700
City of Bend, OR -17
Sacramento, CA considers additional school layoffs
Murietta, CA School District -28
Paso Robles, CA School District -118
Del Labs -510
Raytheon -89
Port of Tacoma -50
Bedford, MI public schools -46
CA Gubernatorial candidate Whitman calls for 34,500+ state job cuts
Spirit Aerosystems -300
New York Red Cross -47
Golden 1 Credit Union -25
Athens IR -30
Superior Industries -107
State of CA -5,000
Nike -1,750
Florida State University -37
Chrysler to close 789 dealerships nationwide
Charlotte-Mecklenburg NC School Security Guards -58
Southfield, MI Public Schools -121
NTN Bower -55
Miami Heat lays off front office staff
Ann Arbor News shutdown update -214
Lear issues temporary layoffs
City of Monterey, CA -20
Venus Swimwear -240
Tramont Corp. -40
Quincy Compressor -23
NICE Systems -15
Humanitarian agency CARE -54
Euclid, OH School District -10
Weekly unemployment claims surge to -637,000
Hunton & Williams Law Firm -87
American Woodmark Corp. -30
Cochella Valley, CA School District Update -249
Griffin, WA School District -20
Burlington County, NJ -50
Chico, CA Unified School District -100
Yucaipa & Banning, CA Schools -32
Romoland, CA Schools -14
Moreno Valley, CA School District -135
Newark, CA High School -57
Berrien Springs, IN Special Ed Dept. -9
Parmadale, OH Treatment Facility -55
BT Global Sevices -15,000
Wartsila Corp. Worldwide cuts -450
Val Verde, CA School District -120
Jet Airways (India) -120
University of Washington Athletic Department -13
Colfor Manufacturing -600
Washington State Dept. of Fish & Wildlife -76
Mt. Diablo, CA area schools -400
Lucia Mar, CA School District -95
Deer Valley Lodging -119
Fish & Richardson Law Firm -120
Dayton, OH Sheriff's Dept. -15


TOTAL - TOTAL - 82,980 +

Things are downright frightening.










[edit on 15-5-2009 by spinkyboo]

reply to post by irishchic


Glad you're back. I was wondering where you went off to. Hx is around, but I think he's been spending some time in the Pandemic forum, trying to wrap his head around the current swine flu situation. With all that goes on in the world, it seems like there just aren't enough hours in the day...whenever I start to judge Bush/Obama/Whoever, I think about how hard it is to just keep up with ATS! I can't imagine having to keep up with the world happenings, as a world leader.

[edit on 15-5-2009 by theWCH]

reply to post by spinkyboo


internally i feel filled with fire and rage at seeing most of those jobs are educators... even GBM must be outraged at the hell our education system is recieving.....

what was the total for the day?

reply to post by Rockpuck

"Yer gonna need a bigger calculator..."

*Think Jaws*

Yep Yep Yep...things are looking up

I expect a nice "Rally" tomorrow...it's what happened last OP-EX, sooo...

Originally posted by Rockpuck
reply to post by spinkyboo

 

internally i feel filled with fire and rage at seeing most of those jobs are educators... even GBM must be outraged at the hell our education system is recieving.....

what was the total for the day?

'


Oops nevermind - I think I missed a biggie -
I will go back and do an approx total...



[edit on 15-5-2009 by spinkyboo]

reply to post by Hx3_1963


if there is a rally tomorrow i will literally eat my hat.

it's a satday hehe

Originally posted by Rockpuck
reply to post by spinkyboo

 

internally i feel filled with fire and rage at seeing most of those jobs are educators... even GBM must be outraged at the hell our education system is recieving.....

what was the total for the day?

Looks like over 82,900 for 2 days.
Of course this is other parts of the world -
but by no means covers all the actual layoffs.
Clearly things are very very bad indeed.

[edit on 15-5-2009 by spinkyboo]

internally i feel filled with fire and rage at seeing most of those jobs are educators.

I can't wrap my mind around how the hell how the hell they can do that... in my mind, teachers are the LAST ones you fire... I was shocked last month when they announced 20+ schools closed in Detroit because they had no more money... what happens to those kids?

Cutting teachers, even if they are not top notch, will only worsen things down the road... the effects will be felt in a few years... america is already going down in education levels... this is so sick...

On one hand, they take kids from parents when they homeschool using color of law, then on the other hand, because they are stealing our money, they shut down schools... this is so sick it's not even funny anymore...

And 82.000 jobs cut in 2 days... I think we have a new record.

reply to post by Rockpuck
Geez...

Nuttin' gets by you huh???

I'm in so many parallel universes right now that went right over my head

And now I remember saying something about FDIC Friday to Red earlier even

reply to post by Hx3_1963


It's my God Like Wisdom lol

82k jobs lost in two days (approx of course), plus the thousands being laid off from the Automakers.....

My outlook for the summer is starting to wane, I am starting to get a little nervous as to how long this recession will last. Already we are in the longest Declared recession .. only the Great Depression trumps us now..

Will we make it a full 24 months of recession???

Friday market fun

The Joker said . . .

Insurers looked as if they would provide a boon to the financial sector after the Treasury decided to make $22 billion in TARP funds available to a number of life insurance companies. However, the group is down 2% amid concerns that the funds may not help improve the ratings of some insurers.

A "boon to the financial sector". Isn't it so that TARP was set up for losers?

GM in Bankruptcy May Speed Dealer Cuts to Match Chrysler’s Pace(Bloomberg)

It's about time. We should have dealt with this MONTHS ago. But no, we just had to dole out taxpayer money so it could sink into a black hole.

reply to post by spinkyboo


I guess you could say I feel bad for about 2 seconds, then I got over it

But really, I would like to know the whole story before I feel bad (as in what kind of teachers, specific school districts, reasonings, perhaps there is a story behind it..)

On a side note, I dont feel bad for all those car dealerships.. who needs a JEEP/PLYMOUTH/DODGE Dealership in every main street in every city.. pretty ridiculous to begin with