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

I am 100% crazy, but I read hundreds of books on distopia and I advise (without disclaimer), watch out when they start hiring Hollywood Writers Syndicate to shape their new Franchise of NWO, because it's all gonna be fictional from now on.

It is going to be a Brave New World kind of digital world.

Or Total Recall, if you please

Market Ticker

ust so you have a short list of what's at stake if Washington DC doesn't change policy here and now (which means before the collapse in equities comes, which could start as soon as today, if the indicators I watch have any validity at all. For what its worth, those indicators are painting a picture of the Apocalypse that I simply can't believe, and they're showing it as an imminent event - like perhaps today imminent.)

* All pension funds, private and public, are done. If you are receiving one, you won't be. If you think you will in the future, you won't be. PBGC will fail as well. Pension funds will be forced to start eating their "seed corn" within the next 12 months and once that begins there is no way to recover.
* All annuities will be defaulted to the state insurance protection (if any) on them. The state insurance funds will be bankrupted and unable to be replenished. Essentially, all annuities are toast. Expect zero, be ecstatic if you do better. All insurance companies with material exposure to these obligations will go bankrupt, without exception. Some of these firms are dangerously close to this happening right here and now; the rest will die within the next 6-12 months. If you have other insured interests with these firms, be prepared to pay a LOT more with a new company that can't earn anything off investments, and if you have a claim in process at the time it happens, it won't get paid. The probability of you getting "boned" on any transaction with an insurance company is extremely high - I rate this risk in excess of 90%.
* The FDIC will be unable to cover bank failure obligations. They will attempt to do more of what they're doing now (raising insurance rates and doing special assessments) but will fail; the current path has no chance of success. Congress will backstop them (because they must lest shotguns come out) with disastrous results. In short, FDIC backstops will take precedence even over Social Security and Medicare.
* Government debt costs will ramp. This warning has already been issued and is being ignored by President Obama. When (not if) it happens debt-based Federal Funding will disappear. This leads to....
* Tax receipts are cratering and will continue to. I expect total tax receipts to fall to under $1 trillion within the next 12 months. Combined with the impossibility of continued debt issue (rollover will only remain possible at the short duration Treasury has committed to over the last ten years if they cease new issue) a 66% cut in the Federal Budget will become necessary. This will require a complete repudiation of Social Security, Medicare and Medicaid, a 50% cut in the military budget and a 50% across-the-board cut in all other federal programs. That will likely get close.
* Tax-deferred accounts will be seized to fund rollovers of Treasury debt at essentially zero coupon (interest). If you have a 401k, or what's left of it, or an IRA, consider it locked up in Treasuries; it's not yours any more. Count on this happening - it is essentially a certainty.
* Any firm with debt outstanding is currently presumed dead as the street presumption is that they have lied in some way. Expect at least 20% of the S&P 500 to fail within 12 months as a consequence of the complete and total lockup of all credit markets which The Fed will be unable to unlock or backstop. This will in turn lead to....
* The unemployed will have 5-10 million in direct layoffs added within the next 12 months. Collateral damage (suppliers, customers, etc) will add at least another 5-10 million workers to that, perhaps double that many. U-3 (official unemployment rate) will go beyond 15%, U-6 (broad form) will reach 30%.
* Civil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won't be able to. Big cities are at risk of becoming a free-fire death zone. If you live in one, figure out how you can get out and live somewhere else if you detect signs that yours is starting to go "feral"; witness New Orleans after Katrina for how fast, and how bad, it can get.

The good news is that this process will clear The Bezzle out of the system.

A little more at the link

...and this isn't going to help any...

New Gas Cutoff Threat
www.foxnews.com...

Dow Jones Industrial Average 6,636.50 2:00pm ET -239.34 (-3.48%)
S&P 500 INDEX,RTH 686.02 2:00pm ET -26.85 (-3.77%)

Gold $926.11

Today would of been a killer day if ya sold short...to bad we're out huh Red?

Can anyone say "puts"?

Dow Jones Industrial Average 6,630.28 2:05pm ET -245.56 (-3.57%)
Dow Jones Industrial Average 6,627.81 2:06pm ET -248.03 (-3.61%)

[edit on 3/5/2009 by Hx3_1963]

I don't drink often but think I'm going to take up a new habit.

Bourbon neat anyone?

Damn...it just keeps getting better.

reply to post by irishchic

Bourbon neat anyone?

Definitely. This marks the first 1,000 posts.

**hands round the glasses**

reply to post by pause4thought



Dow Jones Industrial Average 6,622.00 2:08pm ET -253.84 (-3.69%)
Dow Jones Industrial Average 6,615.87 2:09pm ET -259.97 (-3.78%)

[edit on 3/5/2009 by Hx3_1963]

Originally posted by redhatty
Market Ticker

ust so you have a short list of what's at stake if Washington DC doesn't change policy here and now (which means before the collapse in equities comes, which could start as soon as today, if the indicators I watch have any validity at all. For what its worth, those indicators are painting a picture of the Apocalypse that I simply can't believe, and they're showing it as an imminent event - like perhaps today imminent.)

* All pension funds, private and public, are done. If you are receiving one, you won't be. If you think you will in the future, you won't be. PBGC will fail as well. Pension funds will be forced to start eating their "seed corn" within the next 12 months and once that begins there is no way to recover.
* All annuities will be defaulted to the state insurance protection (if any) on them. The state insurance funds will be bankrupted and unable to be replenished. Essentially, all annuities are toast. Expect zero, be ecstatic if you do better. All insurance companies with material exposure to these obligations will go bankrupt, without exception. Some of these firms are dangerously close to this happening right here and now; the rest will die within the next 6-12 months. If you have other insured interests with these firms, be prepared to pay a LOT more with a new company that can't earn anything off investments, and if you have a claim in process at the time it happens, it won't get paid. The probability of you getting "boned" on any transaction with an insurance company is extremely high - I rate this risk in excess of 90%.
* The FDIC will be unable to cover bank failure obligations. They will attempt to do more of what they're doing now (raising insurance rates and doing special assessments) but will fail; the current path has no chance of success. Congress will backstop them (because they must lest shotguns come out) with disastrous results. In short, FDIC backstops will take precedence even over Social Security and Medicare.
* Government debt costs will ramp. This warning has already been issued and is being ignored by President Obama. When (not if) it happens debt-based Federal Funding will disappear. This leads to....
* Tax receipts are cratering and will continue to. I expect total tax receipts to fall to under $1 trillion within the next 12 months. Combined with the impossibility of continued debt issue (rollover will only remain possible at the short duration Treasury has committed to over the last ten years if they cease new issue) a 66% cut in the Federal Budget will become necessary. This will require a complete repudiation of Social Security, Medicare and Medicaid, a 50% cut in the military budget and a 50% across-the-board cut in all other federal programs. That will likely get close.
* Tax-deferred accounts will be seized to fund rollovers of Treasury debt at essentially zero coupon (interest). If you have a 401k, or what's left of it, or an IRA, consider it locked up in Treasuries; it's not yours any more. Count on this happening - it is essentially a certainty.
* Any firm with debt outstanding is currently presumed dead as the street presumption is that they have lied in some way. Expect at least 20% of the S&P 500 to fail within 12 months as a consequence of the complete and total lockup of all credit markets which The Fed will be unable to unlock or backstop. This will in turn lead to....
* The unemployed will have 5-10 million in direct layoffs added within the next 12 months. Collateral damage (suppliers, customers, etc) will add at least another 5-10 million workers to that, perhaps double that many. U-3 (official unemployment rate) will go beyond 15%, U-6 (broad form) will reach 30%.
* Civil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won't be able to. Big cities are at risk of becoming a free-fire death zone. If you live in one, figure out how you can get out and live somewhere else if you detect signs that yours is starting to go "feral"; witness New Orleans after Katrina for how fast, and how bad, it can get.

The good news is that this process will clear The Bezzle out of the system.

A little more at the link

I am not one to panic, but since I have been introduced to Karl, he seems very knowledgable and straight to the point. Went to the link and was pretty floored by what was posted. Sounds like he's out the door. How seriously are you taking his advice? He makes it sound like not what could happen but rather what's going to happen.

reply to post by elston


Karl is right much more often than wrong. He is serious in how this all hinges on the Pension problems. If the .gov backstops FDIC and/or pensions there WILL be a FX dislocation that will collapse the .gov

This is NOT new news, folks. I know I've been sharing this information for a couple of months now & even started a thread 6 months ago about stocking up.

People laughed and ridiculed me then. They aren't laughing now

reply to post by elston


He perceives an accelerated version of time, but I think he is very accurate about the cause and effect.

Well, Im glad CNBC stopped putting investors on that kept yelling "buy buy buy" now they only hint at it. Looks like they finally realized this is really bad. Like very very bad, the cookies arnt baking bad.

One thing that bothers me though is that horrible Donald Trump commercial... Yeah the guy keeps filing bankruptcy and you think he's good in businesses? Bah, I wouldnt listen to the man with that type of hair anyway.

hello, I hate to sound stupid and I have not read through the whole post but I was wondering how do I buy, where do I buy and how much will I pay for gold or silver coins? Thanks

reply to post by redhatty
Hidden Pension Fiasco May Foment Another $1 Trillion Bailout by Taxpayers
www.bloomberg.com...

Right you are Sir!

Star 4 U!


Dow Jones Industrial Average 6,620.73 2:15pm ET -255.11 (-3.71%)

[edit on 3/5/2009 by Hx3_1963]

reply to post by elston


Can you fix your link............?

If you didn't go to the Market ticker homepage and read the last couple tickers, here is the other one for today

You really should read it, it give a bit more background, along with the 1st GE ticker on explaining how everything can fall, even the giants, one by one

Originally posted by concerned190
hello, I hate to sound stupid and I have not read through the whole post but I was wondering how do I buy, where do I buy and how much will I pay for gold or silver coins? Thanks

Youre not stupid, its a very good question. Hx3! We need your sexy copy paste skills on gold and silver sir.

reply to post by concerned190


Start here pick your state and find authorized coin dealers

reply to post by redhatty
Good Man!!!

Star 4 U!

I really need to have another set of arms synthesized and implanted...

I got like 16 tabs in 2 windows open...afraid I'm gonna overheat this Q6600...




Dow Jones Industrial Average 6,611.65 2:18pm ET -264.19 (-3.84%)

[edit on 3/5/2009 by Hx3_1963]

reply to post by redhatty


Can you repair the link to market ticker?

What is the next support for the Nasdaq?

second line...

Market Ticker (denninger's site) appears to be dragging. Page loads are taking forever. Noticed at 14:26 EST