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

reply to post by Hx3_1963


Wait how the government is going to play with the more hundreds of thousand that will be without unemployment benefits by the end of the year right before the holidays.

Darn my husband could be on the unemployment lines as first time filer by that month too.

What a future.

The "Good" Unemployment News Today
blog.mises.org...

Fed leans on bankers' banks
money.cnn.com...

WASHINGTON (Reuters) -- The Federal Reserve Thursday ordered Midwest Independent Bancshares Inc., a "bankers' bank" in Missouri that provides services to about 450 financial firms, to strengthen its board oversight and better manage its credit risk, including its exposure to commercial real estate.

The Fed issued a similar order Thursday to Nebraska Bankers' Bank, an offshoot of Midwest Independent Bancshares.

Bankers' banks provide correspondent banking services, such as credit card operations and clearing accounts, to community banks, and generally do not provide direct services to individuals. The Fed orders on Thursday follow the government's seizure in May of Silverton Bank of Atlanta, a bankers' bank that served about 1,400 client banks in 44 states.

[edit on 9/4/2009 by Hx3_1963]

China set to increase foreign investment limits to $1 billion

There's lots of excitement in China today as regulators announced plans to increase the amount of money individual institutions are allowed to invest in the country's stock markets through the Qualified Foreign Institutional Investors program (QFII).

Source

Just a quick update on China.

Chow.

Well one thing is for sure, Florida is debt due to the unemployment benefits is up to one billion.

And growing, now they are asking state employees to shed money from their pay checks to pay for retirement and the possibility of job loses.

In other words the state is cutting their checks "under other names".

Incredible.

reply to post by ChemicalSubstance


Interesting I can see China creating bubbles like the US and defaulting without guilt when they burst.

Failed Bank List
www.fdic.gov...

#89 First State Bank Flagstaff AZ 34875 September 4, 2009

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $47 million.

#88 Platinum Community Bank Rolling Meadows IL 35030 September 4, 2009

The FDIC estimates the cost of the failure to its Deposit Insurance Fund to be approximately $114.3 million.

Job market unlikely to recover until 2014
About 14.9 million people are out of work and looking for employment
www.msnbc.msn.com...

Unemployment Trust Fund Nearly Broke…
economicedge.blogspot.com...

~
So, from June of 2008 to June of 2009 the trust fund’s portfolio listing fell by $49 Billion. Over a 12 month period that’s a burn rate of $4.08 Billion per month over the entire year!

Note that these instruments are NOT marketable securities, they are “special obligations” of the Federal Government to the Trust Fund. In other words, the government “owes” money to the trust fund, but the trust fund has been drawing it down. The difference in what the Treasury owes the fund and what the states have borrowed from the fund is roughly $16.5 billion, or approximately the same amount as the trust fund is currently worth.

$16.9 Billion divided by a burn rate of $4.08 billion per month means that the fund has only 4.14 months to live at the current rate, or it will dry approximately the first week of January of next year.

That puts the go broke range between January and April of next year, IF the rate does not accelerate.

We’re now hearing talk from the economic geniuses at the White House, and elsewhere, that they are considering an emergency extension of benefits. Of course that would have to include money that must come from somewhere, any bets on where?

U.S. Recovery Leaving Workers Jobless May Stoke Company Profits
www.bloomberg.com...

Sept. 4 (Bloomberg) -- Employers kept Americans’ working hours near a record low in August, indicating that economic growth is poised to reward companies with added profits while postponing any recovery in the job market.

The average workweek held at 33.1 hours, six minutes from the 33 hours in June that was the lowest since records began in 1964, the Labor Department said today. The report also showed that while payrolls dropped by the least since August 2008, the unemployment rate rose to a 26-year high of 9.7 percent.

The preconditions for gains in payrolls, including giving the army of part-timers longer hours and taking on additional temporary employees, weren’t met last month. At the same time, with economic growth forecast to resume this quarter, the figures set the stage for a surge in worker productivity and drop in labor costs that will stoke corporate profits.

“It’s disappointing and it tells us that we are not quite there yet,” said Michael Feroli, an economist at JPMorgan Chase & Co. in New York who used to work at the Federal Reserve. “It’s great for business and terrible for households” for coming months, Feroli said.

10 Gaffes by Doomed CEOs
www.usnews.com...

[edit on 9/5/2009 by Hx3_1963]

Originally posted by ChemicalSubstance
China set to increase foreign investment limits to $1 billion

There's lots of excitement in China today as regulators announced plans to increase the amount of money individual institutions are allowed to invest in the country's stock markets through the Qualified Foreign Institutional Investors program (QFII).

Source

Just a quick update on China.

Chow.

It is harsh. It is the final blowout. It is China saying quote
'''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''YOU BUY NOW'''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''

Originally posted by marg6043
reply to post by warrenb

 

Call me crazy, but what else can explain bad news making the markets rally.

Either that or is a bottomless influx of funds been funneled everytime we get bad news about the economy.

Everybody always answers their own question.
Yes.
It is an influx funneled.
It is a circle.

I am predicting a 600 point surge in the Dow on Tuesday.
Can you imagine what the repercussions of a sudden move to Dow 10K will be?
Money will fall right out of your screen!

reply to post by THX-1138


It is cyclical so if you plot a circle with time stretched along the abscissa it becomes a wave function. Some of these price waves tend to travel either in phase or out of phase with each other. Oil had been moving in phase with stock markets till recently.

/ma68eb

There is a world glut of oil and DXO which is a large oil fund now liquidating due to rumors of tighter restrictions on trading oil. So I will prune oil from my forecast model this weekend since it is throwing bear flags.

The Nasdaq composite and the Japanese Nikkei also tend to run in phase reinforcing each other till recently.

www.quote.com... i.size=620x300&chartUi.minutes=

The recent divergence can be explained away by noting that the US markets are still responding to the G20 announcement of continued stimulus. There is a complex wave function that usually indicates just how loose the monetary policy really is, but the recent gold price spike did not break the US dollar out of its trading range?

/ko6zbo

Now add the fact that Stander has not been bullish on stocks this week, GBM is not posting price range models and Redhatty is slipping Viagra into the dollar index and UTTMMN is back in the Casino.







[edit on 5-9-2009 by fromunclexcommunicate]

Originally posted by marg6043
reply to post by ChemicalSubstance

 

Interesting I can see China creating bubbles like the US and defaulting without guilt when they burst.

China's turn to sell bonds!

Payment in chopsticks...

[edit on 5-9-2009 by DangerDeath]

reply to post by fromunclexcommunicate

It is cyclical so if you plot a circle with time stretched along the abscissa it becomes a wave function. Some of these price waves tend to travel either in phase or out of phase with each other. Oil had been moving in phase with stock markets till recently.

This is interesting. When you translate cyclical movement into linear, you get sinusoid. Now, the question is how much data you pack into one interval and also which time measure you take for an interval. Normally, it should be one day, and one hour, but what if those who manipulate markets use a different, non-natural measure. Maybe you guys should check this out, because all analysis and prediction may depend on it.

The time measure GS uses?

Originally posted by fromunclexcommunicate

There is a world glut of oil and DXO which is a large oil fund now liquidating due to rumors of tighter restrictions on trading oil. So I will prune oil from my forecast model this weekend since it is throwing bear flags.

Deutche Bank really isn't closing DXO because of trading restrictions...they use swaps...this fund doesn't really do much in the futures markets like USO and UNG does. I heard rumors that DXO swaps are just getting so expensive that the fund is getting to be more expensive than it is to run.

reply to post by DangerDeath

The time measure GS uses?

I'm convinced some of these elite traders are actually time traveling aliens from Andromeda. They have visited earth many times throughout history, in fact the Egyptian pyramids may actually have been secret landing bases for their crafts. Obviously the Andromedans would seek out those yielding power and influence on Earth such as Kings, Emporers and Mr. goldman.

Andromeda is 2.2 million light years from Earth so mastery of time travel would be a requirement. Aliens that could tell you where the stock market would close 6200 years in advance could do well for themselves on earth.

If you look at the S&P charts you will notice that the high on 8/28 was 1039.9 followed by the recent double bottom of 992.~9 reached on both 9/2 and 9/3. that is a difference of exactly 47 points. Do you think it merely coincidence that Fridays close was 1016.40 an exact 50% retrace?

It can be mathematically proven that these time traevling aliens have gone forward and backword in time leaving their mark on earth many times throughout history.

What are we to make of this most recent visit?

reply to post by fromunclexcommunicate

What are we to make of this most recent visit?

Profit, what else

reply to post by RetinoidReceptor


I noticed how thin the volume was trading DXO tuesday it took 4 trades to liquidate just 2000 shares. In the short term DXO leaving will reduce liquidity and they will no longer be buying oil futures.

reply to post by fromunclexcommunicate


FUX -

It is becoming incresingly clear we get our "stuff" from the same "guy"

reply to post by GreenBicMan


Phi = 1 - 2 cos ( 3 Pi / 5)

So now I got it, the big news that something was going to happen by the end of the week was the big boost on Gold, thanks to China

So I guess this was good for somebody.

reply to post by marg6043
And more on the rumors...

CHINA AND THE BUZZ OF A PENDING BANK DEFAULT
thefundamentalview.blogspot.com...

Let’s put the pieces together here. Just this past weekend China announced that State Owned Enterprises (SOEs) will be allowed to default on commodity derivative contracts. Think of that. China has given the green light and authorized the defaulting on commodity derivative contracts.

This story broke over the weekend but has not gotten much mainstream media attention on this side of the pond. (North America). The only inference to it was the talk or “buzz” on the Wall Street floor that another bank was rumored to be close to defaulting. As Art Cashin of UBS Securities indicated in the video clip I posted earlier, normally when a market sells off on a rumor and the rumor turns out to be false, the market will tend to correct itself. IT DIDN’T.

The Reuters report cited 6 foreign banks that received letters indicating that the Chinese State Owned Enterprises would be given the green light to default on their derivatives.

A look at what a derivative actually is may be useful here. A Derivative is a financial instrument that is derived from some other underlying asset, index, event, value or condition. Rather than trade or exchange the underlying itself, derivative traders enter into an agreement to exchange cash or assets over time based on the underlying. A simple example is a futures contract: an agreement to exchange the underlying asset at a future date. Commercial and investment banks make up the foundation of the over the counter (OTC) derivatives market. Investors use derivatives to protect against risks, such as sudden changes in price or value of the underlying asset. Others tap derivatives to take on extra risk, in the hope of extra gains.

Well China owns billions of these products and it has finally come to light they have had enough of having the value of their derivatives manipulated by the manipulation of the price of the underlying asset. They have finally woken up to the fact that these derivatives have been bundled together like junk in a manner that resembles the mortgage backed derivatives that brought down the world markets last year.

~
Let’s take a closer look at the companies that have been mentioned in these news articles out of China. They are Air China, China Eastern and Cosco. If you ask me, this conundrum might have to do with oil. I deduce from this that if there is a problem brewing it has everything to do with their Oil Derivatives business.

Here’s a brief overview of what might happen should these companies, and others, default. The banks, namely Goldman Sachs, J.P. Morgan and from other accounts possibly Deutsche Bank will find themselves LONG on oil futures with no customers on the short side of the derivatives. This will most likely lead the banks to sell the excess oil futures without a care for the price. This is no different than what happened when Bear Stearns was forced to sell off their gold futures in March of 2008 which then resulted in a sharp downturn in the price of Gold.

Reuters stated:

Spokespersons at Goldman Sachs (GS.N) and UBS (UBSN.VX) declined comment, and media officials at Morgan Stanley (MS.N) and JPMorgan (JPM.N) were not immediately available for comment. All are major global providers of commodity risk management.

One Sixth Of All Construction Loans In Trouble
globaleconomicanalysis.blogspot.com...

And Turbo Timmy shows his true colors once again...

G-20 sticks with stimulus; no cap on bonuses
www.msnbc.msn.com...

[edit on 9/5/2009 by Hx3_1963]