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

reply to post by xoxo stacie
The actions I noticed were centered around Natural Resource Companys...Bloomberg not posting much corporate news from China today...

China's $200 Billion Sovereign Fund May Buy `Undervalued' Commodity Assets
www.bloomberg.com...

CNBC is just breaking the new taxes...and the yelling/arguing begins...


[edit on 3/4/2009 by Hx3_1963]

reply to post by Hx3_1963


The last three had nothing to do with resources it had to do with tech and other companies. here is another clip from the article:

Chinese state media meanwhile reported that a high-level business delegation will visit Europe this weekend to look for companies to buy up after a visit last month netted more than 13 billion dollars (10.4 billion euros) in deals.
"We will be exploring opportunities for financial participation in European companies," said Commerce Minister Chen Deming, who headed the just-returned mission to Europe charged with buying high-technology equipment.

reply to post by xoxo stacie
OK...well the EU will probley take money/investments from China as a good thing these days...

M G M MIRAGE 2.16 1:17PM ET -0.46 (-17.56%)
Atlantic BancGroup Inc 3.75 9:43AM ET -1.67 (-30.81%)
General Finance Corporation 0.80 9:30AM ET -0.57 (-41.52%)

Star 4 U Stacie!!!

I was looking for some more good/bad news for my other 2009 thread!


[edit on 3/4/2009 by Hx3_1963]

Mortgage Modification Plans Released

Looks like we (taxpayers) will share the cost of lowering the mortgage from 38% to 31% of monthly gross income. The lender will have to first reduce interest (2% floor) then extend term (40 years max) and then forgive principal to get to 31%.

No LTV limit - nice. No way to prevent THE most fraudulent loans from being modified.

I'm sure this will help the rally

reply to post by xoxo stacie


No longer have the link, but I think this is some of what you are referring to, Stacie

China's financial clout locks in energy supplies
Wednesday February 18, 3:53 am ET
By Elaine Kurtenbach, AP Business Writer

China Inc. uses financial clout to lock in energy, resource supplies, despite slowdown


SHANGHAI (AP) -- Call it planning ahead.

While China's exports plunge and millions of laid-off workers hunt for jobs, the country's big state companies are spending billions of dollars securing access to oil and other scarce resources the country will need in coming decades.

The $25 billion energy agreement signed late Tuesday by China and Russia was the biggest of several deals signed this month, with state financial backing, that are expanding Beijing's overseas resources base at a time when most banks elsewhere are not lending and most governments are barely scraping by.

"Obviously, now, those are holding cash can speak louder than those who have resources," said Qiu Xiaofeng, an analyst at China Merchant Securities, in Shanghai.

"The global economic crisis has given China a rare, good opportunity to trade our abundant currency reserves for other countries' oil resources," Qiu said.

Link one post down, thanks Hx3

[edit on 3/4/09 by redhatty]

reply to post by redhatty
New Highs 1 4 1 66
New Lows 330 64 275 476

Like this?



China's financial clout locks in energy supplies
finance.yahoo.com...

[edit on 3/4/2009 by Hx3_1963]

reply to post by Hx3_1963


thanks for finding the link - I edited down the post for ATS's sake

Haven't *they* been telling us that UBS was one of the "good banks"???

NEW YORK (MarketWatch) -- U.S. Bancorp (USB:us bancorp del com new
USB 12.58, -0.52, -4.0%) said Wednesday that it cut its quarterly common dividend by 88%, to five cents a share from 42.5 cents a share previously. "It is important for our shareholders to know that we are not reducing the dividend and preserving capital from a position of weakness, but from a position of strength and a desire to continue to invest in and expand our business," Chief Executive Officer Richard Davis said.

&tool=1&dist=bigchart s&symb=USB&sid=483911]source

Gotta love that CEO statement LOL

[edit on 3/4/09 by redhatty]

reply to post by redhatty
Speaking of Quotes...

Bush Quotes:

"I hope you're confident about our economy. I am. We've got some short-term issues to deal with. Fourth quarter growth slowed to .6 percent. In other words, there are signs that our economy are slowing." Jan. 30 at the Robinson Helicopter Co. in Torrance, Calif.

"The economic team reports that our economy has a solid foundation, but that there are areas of real concern. Our economy is still creating jobs, though at a reduced pace. Consumer spending is still growing, but the housing market is declining. Business investment and exports are still rising, but the cost of imported oil has increased." Jan. 18, urging Congress to quickly pass an economic-stimulus plan.

"This economy of ours is on a solid foundation, but we can't take economic growth for granted." Jan. 4 after meeting with the President's Working Group on Financial Markets.

AMBAC FIN 5.875 DEB 2.91 1:39PM ET -0.88 (-23.22%)
AMBAC FINL 5.95 DEBS 3.00 1:38PM ET -0.90 (-23.08%)
1st Pacific Bancorp (CA) 1.14 9:55AM ET -0.2460 (-17.70%)
BNC Bancorp 5.50 1:21PM ET -1.09 (-16.54%)
First Bancorp 7.26 1:42PM ET -1.32 (-15.38%)

Now there's strength...


[edit on 3/4/2009 by Hx3_1963]

reply to post by redhatty


I love that quote!

"It is important for our shareholders to know that we are not reducing the dividend and preserving capital from a position of weakness, but from a position of strength and a desire to continue to invest in and expand our business," Chief Executive Officer Richard Davis said.

"Tis but a flesh wound!" (just pay no attention to my arm laying on the ground over there...)

Fed Beige Book outlook:

Pushing back all recovery dates...4th Q 2009/1st Q 2010...right...
Risks to Inflation/Deflation rising...ya think...
Consumer Spending remains Sluggish?!? right...
Housing...continuing to suck...
Credit...see above...
ect

CNBC: "...and now for some good news/bright spots/silver linings/mustard seeds/insert yer own Larry Kudlow feel good phrases here..."

Dow Jones Industrial Average 6,884.92 2:33pm ET 158.90 (2.36%)
S&P 500 INDEX,RTH 712.18 2:34pm ET 15.85 (2.28%)

Dow Jones Industrial Average 6,938.04 2:50pm ET 212.02 (3.15%)
S&P 500 INDEX,RTH 718.46 2:50pm ET 22.13 (3.18%)

Guess the end of the world is now officially over...(shrugs and staggers off to the next bar...)

[edit on 3/4/2009 by Hx3_1963]

There's a much bigger drop on the horizon.. I don't know. But the figures we're seeing today make no sense mathematically.

This is no floor bounce, it's just hit a rock on the way down the cliff, it'll send you a little higher, but now it's freefall. This cannot last.

reply to post by projectvxn
+700K job losses expected
housing sales drop 7.7%
bail out after bail out

AQ has drugged Wall St water supplies I believe...how diabolical...


Dow Jones Industrial Average 6,950.15 2:57pm ET 224.13 (3.33%)
S&P 500 INDEX,RTH 720.31 3:03pm ET 23.98 (3.44%)

Dow Jones Industrial Average 6,969.50 3:13pm ET 243.48 (3.62%)
S&P 500 INDEX,RTH 722.85 3:13pm ET 26.52 (3.81%)

Dow Jones Industrial Average 6,978.74 3:14pm ET 252.72 (3.76%)
S&P 500 INDEX,RTH 722.48 3:32pm ET 26.15 (3.76%)

Dow Jones Industrial Average 6,886.11 3:55pm ET 160.09 (2.38%)
S&P 500 INDEX,RTH 714.29 3:56pm ET 17.96 (2.58%)

Dow Jones Industrial Average 6,875.84 4:02pm ET 149.82 (2.23%)
S&P 500 INDEX,RTH 712.86 4:05pm ET 16.53 (2.37%)

New Highs 2 4 1 85
New Lows 354 70 311 594

PNC backs further off stocks after Nov. lows undercut
Investment committee changes call, likes TIPS, munis

By Laura Mandaro, MarketWatch
Last update: 3:55 p.m. EST March 4, 2009

SAN FRANCISCO (MarketWatch) -- For PNC's Bill Stone, the fact that an improvement in credit markets couldn't keep U.S. stock indexes from sinking through November lows means U.S. investors need to add a few more sandbags to their investment fortress.
PNC's chief investment strategist said Wednesday the firm was recommending clients further pare their foreign stock holdings and increase their bond exposure. The U.S. stock market's sell-off over the past two weeks triggered a review of the bank's expectations that credit markets should help the economy, and stocks, stabilize.
"We had to raise the probability of a longer and perhaps deeper downturn than we would have liked," Stone said. "Credit markets have improved, but we didn't hold our November lows. That's what caused us to revisit our thesis."
PNC's call is one example of how market sentiment has fed on itself, leading stock indexes to rapidly push through new lows and driving safehaven assets higher.

www.marketwatch.com...

[edit on 3/4/2009 by Hx3_1963]

Several possibillities...

1. This was a day of profit taking and we will see all of today's gains and then some wiped out tomorrow.

2. The market caffeteria served bad oatmeal this morning and the traders were suffering from delerium.

3. Obama practised the ancient Kenya form of hypnosis on TV last night, hypnobamatizing the average supporter into liquidating their food stamps and bingo cards and using the capital to buy stocks.

Pick one or mix and match for fun!

I was doing my cardio at the gym this am while watching the news (several TV's in place) and heard no fewer than 3 people make comments to the effect that "they'd be re-investing because their president said it would be a good thing to do..." I kid you not.
They honestly think that he's giving them some of of insider tip customized for their needs.
I just pedaled faster and put my towel over my head.

BNC Bancorp 5.25 2:35PM ET -1.34 (-20.33%)

TEXTRON INC 1.40 PF 35.02 2:34PM ET -242.48 (-87.38%)

www.textron.com...
www.textron.com...

Textron Inc. (NYSE: TXT) is one of the world's largest and most successful multi-industry companies. Founded in 1923, we have grown into a network of businesses with total revenues of $14.2 billion, and approximately 42,000 employees in 28 countries, serving a diverse and global customer base. Headquartered in Providence, Rhode Island, U.S.A.,Textron is ranked 202nd on the FORTUNE 500 list of largest U.S. companies. Organizationally, Textron consists of numerous subsidiaries and operating divisions, which are responsible for the day-to-day operation of their businesses ("Textron businesses")[1].

www.textron.com...

While we take great pride in our long history, we are even more excited by the future. Our vision is to be the premier multi-industry company, recognized for our powerful brands, world-class enterprise processes and talented people. By placing customers first in everything we do, Textron continues to grow as an industry leader with strong brands such as Bell Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-GO and Greenlee, among others.

If that last ones right...dat dude had a BAD day...
Caution: Jumpers Ahead!



[edit on 3/4/2009 by Hx3_1963]

reply to post by Hx3_1963


Bair Says Insurance Fund Could Be Insolvent This Year (Update1)

This is not looking good

reply to post by projectvxn
Geez...who'da thought...

She wasn't singing that song on that CNBC townhall special the other day...

Originally posted by Hx3_1963
reply to post by projectvxn

 

Geez...who'da thought...

She wasn't singing that song on that CNBC townhall special the other day...

That's because she's a lying sack of crap like everyone else "handling" this crisis. Is anybody else getting sick of this?

"Consumers should watch this issue closely, said Edmund Mierzwinski, consumer program director at U.S. PIRG, a Boston- based consumer-watchdog group.

“I wouldn’t take their money out of the bank yet,” Mierzwinski said. “If the FDIC is saying that there is this serious problem, then we should all be concerned. I think there is a chance the FDIC is going to have to ask taxpayers for money in the future"

Couldn't this actually PROMPT people to take all of their money out of the banks out of fear? Is that what "they" want to force the "issue",a run on the banks???

Damn...I'm trying really hard to grasp all this.

reply to post by irishchic
The problem is most people will never see/hear of this news...

Most people either go about their day oblivious or just tune it out...