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

reply to post by David9176
I'm trying to go over the possibiltys in my head right now...this could be very good...or...very bad...

If they do the same thing the banks are doing with their mbs/mbo, holding out for top dollar...I'm not sure yet...need some more collaborative effort here...brain stormin' type action...


[edit on 3/4/2009 by Hx3_1963]

reply to post by Tentickles
Thanks fer the Kudos!!!

Star 4 U!


Nikkei 225 7,370.91 7:14PM ET 79.95 (1.10%)

reply to post by Hx3_1963

It just sounds to good to be true...what's the catch???

I was going to go a little more tinfoil hat than Redhatty, but I was thinking they will let them dump the CDS's under a "New World Financial Rules" The G20 is about to happen here shortly.

It would let all mega-investors in and still keep concentrated power, then while they are all in a back room they can laugh and joke how the whole world just got had.

That is my guess.

reply to post by Hastobemoretolife


The whole world has been had since they lifted the regulations on the housing market.

reply to post by redhatty
That's what was going through the back of my mind...like the mortgage stuff...only new contracts...

If that's the case, then this will be the ultimate "pump-n-dump"...

They'll drag in all the +$8T sideliners...buy on the rumor...

and

...then drop the "new" stipulation from page 99999 or "retract"...sell on the news...

sound reasonable?

reply to post by Hx3_1963


Perfectly reasonable

More bad news for the banks

SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Wednesday placed Bank of America Corp.'s long-term ratings, including its senior debt rating of A1, under review for possible downgrade. Moody's review of Bank of America's long-term debt ratings will focus on the impact that future credit costs could have on Bank of America's capital ratios and the rating implications of possible systemic support. "The review was prompted by a concern that Bank of America's capital ratios could deteriorate in 2009 from their current levels, which are comparatively low, because of the potential need to take high loan loss provisions and absorb additional charges in its capital markets exposures," Moody's said in a statement.

&dist=hplatest]sou rce

reply to post by Tentickles


True, true. I think we have been had longer than that though. It has just sped up in the past few years. Like they kicked on the afterburner.

reply to post by redhatty
Yep...that was one on my "list" the other day...

I saw freddie mac was shedding a little weight also...sallie next?

Shucks let's put 'em all on our ratings list!

Berkshire Hathaway Credit Default Swaps Rise to "Junk" Territory - Bloomberg
www.cnbc.com...

Moody's May Cut Wells Fargo, JPMorgan Ratings
www.cnbc.com...

[edit on 3/4/2009 by Hx3_1963]

March 05, 2009
Article from: The Australian
THE Australian securities regulator has extended the short-selling ban on financial stocks from tomorrow until May 31.
The Australian Securities and Investment Commission decided the ban would help minimise the effects of continued global volatility and predatory practices.

In a statement released before the market opened today, ASIC said it ”weighed up the continued volatility in global financial markets and potential damage from aggressive practices from short selling against possible loss of some market efficiency or price discovery”.

It added that it has “decided to continue with its cautious approach and keep the ban in place” because “any possible loss of market efficiency or price discovery as the result of the continuation of the ban is justified given the current market circumstances”.

Source

Man, when they did this in the US, it DESTROYED the markets.

Gods help Australia!

reply to post by redhatty


Oh ouch! I hope our Aussie friends here on ATS are ready for SitX in Australia...

Originally posted by redhatty

March 05, 2009
Article from: The Australian
THE Australian securities regulator has extended the short-selling ban on financial stocks from tomorrow until May 31.
The Australian Securities and Investment Commission decided the ban would help minimise the effects of continued global volatility and predatory practices.

In a statement released before the market opened today, ASIC said it ”weighed up the continued volatility in global financial markets and potential damage from aggressive practices from short selling against possible loss of some market efficiency or price discovery”.

It added that it has “decided to continue with its cautious approach and keep the ban in place” because “any possible loss of market efficiency or price discovery as the result of the continuation of the ban is justified given the current market circumstances”.

Source

Man, when they did this in the US, it DESTROYED the markets.

Gods help Australia!

God help us if they lift the ban! selling short is the main driver of unstable market.

Originally posted by guessing
God help us if they lift the ban! selling short is the main driver of unstable market.

OMG, you obviously don't trade

Short Selling does not make a market more unstable, it is simply betting that a stock will drop in price.

Naked Short Selling should be illegal, I agree with that.

If a company's product turns out to be a bad one, the stock for that company WILL drop, Shorting those stocks is a way for investors to actually make up for the overall loss that they will have from the drop in share price.

Plus it's a great way to make some beer money for the day-traders

Whatever propaganda you have been served, you need to do some serious research and learn what is REALLY making your markets unstable.

Shanghai Composite 2,216.291 9:49PM ET 18.184 (0.83%)
Hang Seng 12,267.17 9:50PM ET -63.98 (-0.52%)
Straits Times 1,531.58 10:05PM ET -12.76 (-0.83%)
Seoul Composite 1,054.68 9:46PM ET -4.58 (-0.43%)

Most above water, but, some starting to slide a little...

S&P 500 -5.60 702.80 3/4 10:00pm
Fair Value 712.25 3/4 8:56pm
Difference* -9.45

NASDAQ -4.25 1096.75 3/4 9:24pm
Fair Value 1110.36 3/4 8:56pm
Difference* -13.61

Dow Jones -44.00 6786.00 3/4 9:58pm

[edit on 3/4/2009 by Hx3_1963]

Europe’s banks face a $2 trillion dollar shortage

European banks face a US dollar “funding gap” of almost $2 trillion as a result of aggressive expansion around the world and may have difficulties rolling over debts, according to a report by the Bank for International Settlements.

By Ambrose Evans-Pritchard
Last Updated: 8:41PM GMT 04 Mar 2009

The BIS said European and British banks have relied on an “unstable” source of funding, borrowing in their local currencies to finance “long positions in US dollars”. Much of this has to be rolled over in short-term debt markets. The currency mismatch has become a potential risk for banks as the dollar continues to climb against the euro and Swiss franc, and especially sterling and Sweden’s krona.

“The build-up of large net US dollar positions exposed these banks to funding risk, or the risk that their funding positions could not be rolled over,” said the BIS.

The report, entitled “US dollar shortage in global banking”, helps explain why there has been such a frantic scramble for dollars each time the credit crisis takes a turn for the worse. Many investors have been wrong-footed by the powerful rally in the dollar against almost all currencies, except the yen.

Full Story

Regarding China... Buy the Rumor, Sell the News...

China's Wen Jiabao targets domestic demand

PREMIER Wen Jiabao reaffirmed today China's 2009 growth target of around 8 per cent, but did not announce any additional stimulus.

Global markets had been buoyed by hopes Mr Wen would use his opening address to the National People's Congress, the country's legislature, to announce as much as a doubling in the 4 trillion ($925 billion) stimulus plan announced in November of last year.

Mr Wen said boosting domestic demand was key to stimulating the economy.

The Government would stick to its moderately loose monetary policy and its "proactive" or expansionary fiscal policy, Mr Wen said.

He said China would launch fresh policies to support the domestic property market and spur auto consumption, in addition to encouraging private capital flows to the infrastructure, financial and public utilities sectors.

"We need to steadfastly take reversing the downward trend in economic growth as the primary goal of macro controls," Mr Wen said.

Mr Wen's Government Work Report, which lays out the economic roadmap for 2009, also pledged support for China's foreign trade, which has been slumping since late last year.

China's Government must not slacken in its efforts to promote exports, and would increase support for imports in advanced technology, resources, energy, raw materials and commodities, Mr Wen said.

Full Story

And this HAS to be the BEST ONE FOR THE DAY

White House Rethinks Tax Hikes

President Barack Obama is meeting strong Democratic Party resistance to his proposal to reduce tax deductions enjoyed by upper-income Americans and could be forced to drop or modify the idea.

Mr. Obama in his budget blueprint last week proposed a cap on itemized deductions for mortgage interest and charitable donations to help pay for his health-care overhaul. The plan would cost wealthier taxpayers about $318 billion in new taxes over 10 years, according to government estimates.

But after objections from Democratic lawmakers, Treasury Secretary Timothy Geithner appeared to suggest at one point Wednesday that the administration was willing to consider dropping or modifying the proposal.

Full Article

And the FOOLS that voted for him ACTUALLY BELIEVED he would TAX THE RICH!!!


[edit on 3/4/09 by redhatty]

reply to post by redhatty

What a coincidence...picked all the right quotes and asked all the right questions today...

The speculation of a alternative outcome was also stimulating...keeps the mind sharp!!!


Star 4 us!


I heard something about that a few days ago...some Eastern European Country was having problems obtaining dollars...

S&P 500 -5.90 702.50 3/4 10:54pm
Fair Value 712.25 3/4 8:56pm
Difference* -9.75

NASDAQ -4.25 1096.75 3/4 9:24pm
Fair Value 1110.36 3/4 8:56pm
Difference* -13.61

Dow Jones -40.00 6790.00 3/4 10:47pm

Tax the Rich...bah hum bug...can't be done...

Nikkei 225 7,460.02 11:11PM ET 169.06 (2.32%)
Hang Seng 12,319.13 11:16PM ET -12.02 (-0.10%)
Shanghai Composite 2,237.609 10:30PM ET 39.502 (1.80%)
Taiwan Weighted 4,626.14 11:12PM ET 84.72 (1.87%)

Well..being as all is fairly calm for the moment...
Think I'll try to regenerate for a few...
Take the Conn Mister...

[edit on 3/4/2009 by Hx3_1963]

Aye Captain

Probably the only update tonight, I too need sleep.

Europe is on an up

DJ EURO STOXX 50 € Pr 1,943.46 78.73 4.22% 03/04
FTSE 100 INDEX 3,645.87 133.78 3.81% 03/04
CAC 40 INDEX 2,675.68 121.13 4.74% 03/04
DAX INDEX 3,890.94 200.22 5.42% 03/04
IBEX 35 INDEX 7,357.50 138.10 1.91% 03/04
S&P/MIB INDEX 14,363.00 346.00 2.47% 03/04
AEX-Index 211.58 9.01 4.45% 03/04
OMX STOCKHOLM 30 INDEX 630.23 25.92 4.29% 03/04
SWISS MARKET INDEX 4,463.67 105.67 2.42% 03/04

Futures are on a slight down

DJIA INDEX 6,801.00 -29.00 6,860.00 6,861.00 6,782.00 02:23
S&P 500 704.70 -3.70 709.40 711.80 701.80 02:32
NASDAQ 100 1,099.25 -1.75 1,108.00 1,110.00 1,095.75 02:23

Thanks fer the update!

FTSE 100 3,558.37 9:04AM ET -87.50 (-2.40%)
CAC 40 2,606.93 9:04AM ET -68.75 (-2.57%)
DAX 3,771.58 9:04AM ET -119.36 (-3.07%)
AEX General 203.71 9:20AM ET -7.87 (-3.72%)

S&P 500 -13.40 695.00 3/5 9:11am
Fair Value 712.25 3/4 8:56pm
Difference* -17.25

NASDAQ -8.00 1093.00 3/5 9:07am
Fair Value 1110.36 3/4 8:56pm
Difference* -17.36

Dow Jones -97.00 6733.00 3/5 9:09am

The open is almost apon us...some crummy news to open with so....

Bank of Engand Cuts Rates, to Buy Govt Bonds

The Bank of England cut interest rates by 50 basis points on Thursday to a record low of 0.5 percent, and said it would buy 75 billion pounds of assets to expand the money supply and aid a recession-hit British economy.

ECB Cuts Rate to 1.5%, Mulls New Measures

The European Central Bank is "discussing and studying" further non-standard measures to bolster the economy but has no pre-commitment on what steps it could take, President Jean-Claude Trichet said on Thursday.

Trichet told a news conference after the bank cut rates by 50 basis points to 1.5 percent that he did not exclude any policy options but that the bank had already taken "substantial" non-standard measures by adding to its own balance sheet and providing unlimited liquidity to markets.

Suckers Rally is now officially over today...

Engage...

DJIA -123
S&P -13.13

[edit on 3/5/2009 by Hx3_1963]

Plummet today? I think so.

Thanks Hx3 for providing some humor. I've been reading so much and posting and researching.... My freaking head is going to pop off! I did manage to go to a movie last weekend...the whole time I was looking for secret society symbolism lol

It would be irresponsible to myself and my family to bury my head in the sand at this point. It's just...too late to close your eyes.

I am not a brainiac about this so could someone explain why the DOW and NASDAQ are down but the S&P is up 2.38%?

reply to post by Whisper67
Alas it's to late...correct you are...

Scandal at Treasury: Official Quits Amidst Fraud Scandal
abcnews.go.com...

Dow Jones Industrial Average 6,767.99 9:45am ET -107.85 (-1.57%)
Dow Jones Industrial Average 6,677.83 11:18am ET -198.01 (-2.88%)
Dow Jones Industrial Average 6,667.72 11:19am ET -208.12 (-3.03%)
Dow Jones Industrial Average 6,661.43 11:27am ET -214.41 (-3.12%)
Dow Jones Industrial Average 6,655.77 11:32am ET -220.07 (-3.20%)

S&P 500 INDEX,RTH 700.42 9:44am ET -12.45 (-1.75%)
S&P 500 INDEX,RTH 689.24 11:17am ET -23.63 (-3.31%)
S&P 500 INDEX,RTH 688.34 11:19am ET -24.53 (-3.44%)
S&P 500 INDEX,RTH 687.11 11:27am ET -25.76 (-3.61%)
S&P 500 INDEX,RTH 686.52 11:32am ET -26.35 (-3.70%)

NASDAQ Composite 1,338.76 9:46am ET -14.98 (-1.11%)
NASDAQ Composite 1,323.78 11:12am ET -29.96 (-2.21%)
NASDAQ Composite 1,314.30 11:22am ET -39.44 (-2.91%)

Factory Orders down 1.9%
Mortgage Loan foreclosures rising to 11.1%


CITIGROUP INC .99 -0.14 -12.81%
WELLS FARGO & CO 8.7 -9.94%
JP MORGAN CHASE CO 18.15 10:22AM ET -1.15 (-5.96%)
US BANCORP 9.63 10:22AM ET -1.38 (-12.53%)
GENERAL MOTORS 1.87 -0.33 -15.00%

New Highs 3 2 0 40
New Lows 354 69 227 280

FTSE 100 3,546.18 11:15AM ET -99.69 (-2.73%)
CAC 40 2,586.3301 11:15AM ET -89.35 (-3.34%)
DAX 3,722.95 11:16AM ET -167.99 (-4.32%)
MILAN MIB30 INDEX 14,621.00 -759.00 -4.93% 11:02
HUNGARIAN TRADED INDEX 1,815.69 -114.60 -5.94% 11:01

Gold $915.90

Slip Slidin' away....
Let the panic yellin' begin...

[edit on 3/5/2009 by Hx3_1963]