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

I just read the link to Karl's post. GE.....going under? How could this happen and if it does how soon would we see the wiriting on the wall. At what point would you be able to say, "yup, that's it GE is done for."?

reply to post by redhatty
Give that man a Bud & a Star!
Thanks...that was nice to get up to...a nice snapshot...
depressing as usual...but nice non the less...

Congressmen are really holding their tongues...you can almost "feel" the disgust in the room...

reply to post by redhatty


Oh, nice. I guess obama wants to be out of office before he has been in a year. What does Obama think is going to happen if the economy collapses? He is going to stay in power? Yea, fat chance of that.

It doesn't look we are going to have another ugly day like we did yesterday, but it is still to early to tell I saw the gains get wiped away earlier. That seems to be the reoccurring theme, everything seems to be making gains then somebody from the Fed or the Administration opens their mouth and it all goes to hell.


edit - spelling.

[edit on 3-3-2009 by Hastobemoretolife]

Good morning everyone......well maybe not so good.

Originally posted by redhatty
Well, Bernanke is getting Grilled by the Senate Budget Comittee right now and the gains of the morning have reversed.

I'm watching now, his face wasn't on the screen for 30 seconds and the DOW lost 40 points before he could squeeze out even one sentence.

was +60, now -40 ...

Originally posted by redhatty
I am quite sure that your description of goldbugs is just as anecdotal as mine. I do not know how many traders you deal with on a regular basis, either in person or via the internet, I know that I deal with thousands.

But hey, I am reachable here if you want to discuss it, rather than sidetrack this thread with it

Actually, my description of Goldbugs would be factual.

Sorry, but I don't consider pointing-out inaccuracies posted in this thread a sidetrack [deny ignorance files].

Thousands ? We do like superlatives don't we. In what capacity redhatty? Logging on to TF?

I trade PM's & flip mining shares for a living. Glad to debate you on anything Gold redhatty.

The individuals you attempt to describe as Goldbugs sound more like inexperienced equities traders that jumped into a long ETF position with stars in their eyes. No protective stops...and most likely, no exit strategy even if they were to show a profit. Not the stuff "if you don't hold it - you don't own it" types are made of my friend.

GLTY

Dow Jones Industrial Average 6,711.44 11:52am ET -51.85 (-0.77%)
S&P 400 MIDCAP INDEX 416.18 11:53am ET -5.89 (-1.40%)
S&P 500 INDEX,RTH 693.04 11:52am ET -7.78 (-1.11%)

FTSE 100 3,512.09 11:35AM ET -113.74 (-3.14%)
OSE All Share 239.48 11:28AM ET -9.72 (-3.90%)
BEL-20 1,566.27 11:53AM ET -44.29 (-2.75%)
AEX General 202.57 11:53AM ET -6.27 (-3.00%)

VIX (INDEX) 52.70 +0.05 +0.09%


[edit on 3/3/2009 by Hx3_1963]

Originally posted by elston
I just read the link to Karl's post. GE.....going under? How could this happen and if it does how soon would we see the wiriting on the wall. At what point would you be able to say, "yup, that's it GE is done for."?

When you have contracts for 5.2 MILLION SHARES betting on GE going to $2.20, I have to ask, Just how big do you need that writing on the wall to be?

Here's a good link to read to get a grasp of the leveraging problem behind GE

reply to post by redhatty
Scary is right! 140! They're way short of covering that...

I see Citi & BofA are pretty high as well..suprise!!!


Ford sales drop 46.3%


S&P 500 INDEX,RTH 695.97 12:04pm ET -4.85 (-0.69%)
NASDAQ Composite 1,320.55 12:05pm ET -2.30 (-0.17%)

Gold $913
Oil $39.90
GE $7.07

[edit on 3/3/2009 by Hx3_1963]

Pending home sales fell 7.7% more than double the forecast

DUH!

reply to post by elston
Yuck...not good news...guess that means the DJIA will start rising now...


So...did I hear someone say S&P next support level is 687 from back in '96?

[edit on 3/3/2009 by Hx3_1963]

damn

im up over 14% short selling on goldman sachs today.

man i wish this was real money and not a stock market game

reply to post by Hx3_1963


I got Ford Motor Co. says its US sales fell 48 percent in February.

Your quote sounds better, can I keep it LOL

Not that Ford dropping was a surprise, other Auto makers reporting later today - pretty much all priced in though

reply to post by redhatty
That's CNBC fer ya...no biggie really...what's 1.7% between friends these days?


Dow Jones Industrial Average 6,763.22 12:13pm ET -0.07 (-0.00%)

and up it goes...stupid schmucks...

Argentina
ARGENTINA MERVAL INDEX 915.50 -28.25 -2.99% 12:02
ARGENTINA BURCAP INDEX 3,242.65 -104.68 -3.13% 12:02
M.AR MERVAL ARGENTINA IX 644.95 -15.32 -2.32% 12:02
INDICE BOLSA GENERAL 51,780.79 -1,471.85 -2.76% 12:02

Canada
S&P/TSX COMPOSITE INDEX 7,575.56 -111.95 -1.46% 12:22
S&P/TSX EQUITY INDEX 7,915.15 -111.00 -1.38% 12:22
S&P/TSX 60 INDEX 456.15 -5.46 -1.18% 12:22
S&P/TSX VENTURE COMP IDX 816.42 -11.82 -1.43% 12:22

[edit on 3/3/2009 by Hx3_1963]

reply to post by Hx3_1963


Dow and NASDAQ back in the green, waiting for S&P to follow

But, Senate hearings continue in a bit, I guess much will depend on the testimony.

The pits have quieted down from the massive roar of earlier

Grrrrr.... Fed Eliminates Compensation Limits for TALF Sponsors. The timing of that release was well done, AFTER BB testified

[edit on 3/3/09 by redhatty]

Oh that's sneeky as hell...

The revised terms and conditions of the TALF, posted on the New York Fed’s Web site, also omitted a previous section on compensation requirements.
---------
The Fed and Treasury didn’t include the change on executive compensation in a news release today. It was included on page 15 of the “Frequently Asked Questions.”

Marvelous...great...fantastic...

reply to post by Hx3_1963


Word is Geithner is going to be announcing the Budget

Yeah - he's been a great market mover - downward market mover


NYC
Online
Report This As A Bad Post Add To Your Ignored User List Geithner Says U.S. Financial System Rescue ‘Might Cost More’
Orszag Says Obama Budget Will Begin to Repair Economy (Update2)
++ Geithner says long-term US debt reduction crucial for economy
Geithner Says Long-term US Debt Reduction Crucial for Economy- D
*TREASURY'S GEITHNER SAYS DEFERRED FOREIGN PROFITS MAY BE TAXED
*GEITHNER: WILL CRACK DOWN ON TAX EVASION BY FIRMS, INDIVIDUALS
*GEITHNER SAYS STIMULUS TO BOOST GDP 1% THIS YEAR, 3.2% NEXT YR
*GEITHNER SAYS STABILITY EFFORTS WILL THAW `LARGELY FROZEN' MKTS
*GEITHNER SAYS RESCUE PLAN ENSURES BANKS HAVE `CAPITAL CUSHION'
*GEITHNER SAYS FAILURE TO CUT DEFICIT MAY BOOST INTEREST RATES
*GEITHNER: PLAN TO STABILIZE FINANCIAL SYSTEM `MIGHT COST MORE'

[edit on 3/3/09 by redhatty]

[edit on 3/3/09 by redhatty]

reply to post by redhatty
the US Markets seem to be in a holding pattern for now...waiting for St Timmy to part the red ink....

S&P 699.75

It's like watching the fat kid trying to do a chin up

700.07

That's one!

Wonder how many he can do today...

Not to push this thread back to gold but I have heard a nasty rumor about gold this week. Sure, this is a conspiracy site so normally I'd just post it as a new thread but I'd rather not fuel the rumor at this stage if it is false. Not to mention the fact that since this is just a rumor, I don't have a good source to cite. If you heard the rumor too, you would know what I am talking about.

Anybody else heard about it?

Hint: Fool's gold.