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

reply to post by marg6043

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This is an updated (JUL 2) unemployment graph from Shadowstats

The SGS alternative is calculated the same way that unemployment was calculated during the Great Depression...




We will eclipse true 25% unemployment before the end of the year...

and...

The Birth Death model continues to cushion the headline job regardless of the short term expectations.



anyone see anything fishy about that chart?

Now we know the REAL reason there's a sell off. Got to scare people into debt

8300 DOW and 900 S&P are where the markets are flirting a lot with. These are pretty significant emotional levels I think, especially the 900 S&P.

Oh well I closed my Forex position for short the Euro and buy the dollar. What a ride that was. I was down 80% of my money (8,000!!!!!!). I still think the dollar will add strength, but this is the problem with Forex it is so damn volatile. I made 895.68. Oy.

'We're in the Middle of a Crash': Black Swan



But the truth is that the economy even with all the "green shots" been called with the propaganda is still frail.



The stimulus and the government approach is not working and we all can see that.

www.cnbc.com...

Okay so S&P, DOW and Nasdaq all have closed below technical resistance and emotional levels.

DOW: 8291
S&P: 897
NASDAQ: 1796

The NYSE are keeping markets open for 15 more minutes to complete some automated orders. What does THAT mean?

Euro is around 1.40012 against the USD.

Wasn't as large of a down turn as it was earlier this afternoon (I could have made more). It hit the 1.39's today.

My source has the Dow at 9284.44 down 2 19.62
S&P 896.62 down 26.71

This will take some time to sort..

Still dropping at 4:27 we are below last weeks bottom.

Dow finally looks settled at 8280.74 down 223.32



[edit on 2-7-2009 by fromunclexcommunicate]

Yeah that is what it ended at after they went through the last orders in those 15 mins.

There sure have been a bunch of computer glitches here lately with the NYSE.

Somebody at another forum just showed me this link Uhh, I think we are in really really big trouble.

EPIC FAIL.

2 banks closing on a thursday...

John Warner Bank, costing 10 millions

And First State Bank of Winchester, costing 6 millions

EDIT: More Obama BS...


Senate bill fines people refusing health coverage

[edit on 2-7-2009 by Vitchilo]

the numbers are bad but not as bad as the blooger eludes too...
the Department of labor calls this report
Table A-12. Alternative measures of labor underutilization
there are 6 catogories in this list U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate). Is the one the press reports... and today that was reported at 9.5%
U-6 labor force (official unemployment rate) thats everything is at 16.5% pretty high but not a huge leap, been close to that since March...

Now if you want to talk about huge leaps them look at the U-1 Persons unemployed 15 weeks or longer...these are the folks about to be drop from the roles... one year ago it was only 1.8% but today thats up to 5.1%

[edit on 2-7-2009 by DaddyBare]

reply to post by DaddyBare

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For sure, I understand all that, what I as eluding too is that it took 3 years to reach 25% unemployment during the Great Depression, and we are sitting at 16% right now and we are only a year and half into it.

Now I know this is not like the Great Depression, but this is starting to shape up to be a lot worse than it.

Natural Gas is at its low again. I don't understand why Obama doesn't use NG as this is pretty clean, we have our own supply and it is CHEAP. But that would make too much sense. UNG is the ETF for natural gas and it is near its 52-week low. It is probably heavily shorted by hedge funds...

Breaking News: First case of Swine Flu hits Champaign Co. And the First National Bank of Danville was just taken over by the FDIC-More @ 6WCIA3News

from tweetdeck

reply to post by Hastobemoretolife

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Remember I pointed out the U-1 well that % gets dropped from the roles next month so there is another bigger hidden number no one knows or reports. 16.5% could very well be off by a lot

reply to post by DaddyBare

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Very true.

That 4% jump is nuts. They aren't telling us some very pertinent need to know information that has nothing to do with National Security.

I would really hate to see what that hidden number is. Makes me shudder.

reply to post by RolandBrichter

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I don't know how Shadow Stats comes up with their number, but I am always more inclined to believe unemployment is even higher than U6 reports. Their numbers now point well above 20% unemployment, which honestly is not unrealistic (counting underemployed).

U6 being at 16% alone, as an official government number is worrying enough..

WOW.. this made me say "Holy SH@#" out loud..

money.cnn.com...

7 BANKS SHUT DOWN IN ONE DAY, TODAY, THURSDAY JULY 2ND

This is the single largest closure of banks in one day.. costing the FDIC an estimated $314 million Dollars.



52 banks in 2009 (I thought things were getting better?)

reply to post by Rockpuck

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That's what we were talking about with the U-1 see those people are at the end of their benefits that number isn't gaining its being replaced.

So in Feb 3.4% were dropped from the roles gone poof out of the program never to be counted again...it reset to 0%, for 30 days anyway... then came March and they dropped another 3.7% gone poof not to be counted... April we lost 4% May another 4.5% Today it was 5.1%

What were saying is there is a number out there..., people dropped from those roles no one counts... so we could be at a 25% unemployment rate ...???
see now why the U-1 is so tricky?