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

reply to post by Hx3_1963


Hx — I thought you'd gone survivalist & set up camp in Bigfoot territory.

Things are looking decidedly bleak. I hear GBM sold his cow in exchange for what were ostensibly magic beans.


DJIA, month-to-view:


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Source


Any chance of a pick-me-up BarBe? It's been a while.


Today: 10149.18 up 28.72 (0.28%)

PS Anyone got any insights into volumes over the last couple of days?



[edit on 29/1/10 by pause4thought]

online.wsj.com...

Experts See Another Global Dip Ahead

I think these experts are only experts in seeing things. God forbid, there's nothing they can do to change the course of events. Now, conspiracy theorists will try to attach some brains to them and claim that experts actually created this situation intentionally...

Heavy debts will weigh on governments and households in the U.S. and Europe for some time, while hopes for global growth will continue to rest on fast-developing countries such as India and China, predicted participants at the meeting's opening debate on the economy.

Cough...

Well well well...this week it's costly for the FDIC...

First National Bank of Georgia...260.4 million

Florida Community Bank...352.6 million

Marshall Bank...4.1 million

Community Bank and Trust...354.5 million

First Regional Bank...825.5 million

Total cost so far for the week... 1.797 billion. I hope you saved 5.80$ for every person in your household this week to pay for the FDIC!

Greece in trouble...again...Funds flee Greece as Germany warns of "fatal" eurozone crisis

And the GDP growth...what a joke.

[edit on 29-1-2010 by Vitchilo]

Did anyone else notice that shortly after Helicopter Ben was reconfirmed,
AIG said they need MORE money???

BTW, back a page someone said we are heading into full deception mode...

Sorry folks, we've already been there for a year, everything from HFT moving the markets to the bogus releases on economic data & employment #s

None of it is real anymore

reply to post by redhatty


HFT moving markets?

Thats soundbyte news material, dont get suckered into that nonsense.

And I like Big Ben..

I'm tell ya...the Market is on the verge of a nervous breakdown!



[edit on 1/29/2010 by Hx3_1963]

AAPL is down another big bite. This means profit taking, and the commentators saying all the good news was baked into the price. When good earnings and new product can't move a stock higher then you know the market sentiment has turned for the worst. Of course I think the turn itself was baked in long ago.

When the market bottoms out on June 23rd, I want you all to worship me, send me your money, and at least suggest to your daughters that they consider living at my compound.

Lol. Why June 23? I don't follow...

Anyway, there's a rumour going around that a BIG US corporation is about to be insolvent.

As big as Enron, maybe worst... and it's not a financial company... and it's in the top 100...

My guess would be GE... but it seems that it's a corporation that everybody thinks is doing great so it can't be GE... also, this corporation is supposed to have their books cooked...

Anyone have a guess?

EDIT: It might be Wal-Mart... That would be utter big...so I won't believe it until I see it... may also be a big insurance company...

We should have more information in about a month unless they file for an extension... 60 days into the year we will know.... if some fortune 100 company delays their 10k, it's probably them...

If true, we'll have 30 days to prepare for total meltdown.

[edit on 30-1-2010 by Vitchilo]

reply to post by Cabaret Voltaire


I like your pessimism, if you take a look at the dollar index it is certainly in a bullish position. I was in the camp of that really not affecting the market, but you may still be right CV. You may show your true colors if this does indeed come to fruition.

reply to post by Vitchilo


I always laugh when the government flash the GDP as the biggest indicator of the well being of the US economy because people have forgotten that even the creator of the GDP "formula" said that the GDP was not to be taken as the only way to predict economic growth, because it can always be manipulated.

and that is what's been happening since then.

GDP has turn into a scam.

Most of the GDP figures are not from productivity in the US alone, but it now includes growth from US companies abroad, "see the picture"

reply to post by marg6043


I agree that GDP shouldn't be used as a leading indicator anymore (if it ever should have been). So far, the main point of contention is that the restocking of inventories is responsible for 1 to 1.2% of the GDP's 5.7%, that still leaves 4.7 to 4.5, govt also contributed to the increase, but I can't find a number theat seems remotely beliveable. I stopped looking at 'leading indicators" to many revisions down the road that slip by the MSM, in the word of Yogi Berra "It ain't over, 'til its over" to me that means U-6 under 8%

I dont believe GDP is a leading indicator.

I might have to brush up on my terminology though..

reply to post by GreenBicMan


I was taught that it was, doesn't matter anyway, when something as important as GDP can be swayed by restocking inventory for a single quarter its hard to take seriously.

I am to lazy to link this but has anyone read the article in seeking alpha about high yield bonds? if the theory is correct we could be in for a world of hurt, serious un-bailout-able, hurt

I did a little break down of the 2011 budget...

What's being ----
Family Housing -19.6%
Compensation for illness in the military -10.6% (if you get lung cancer from DU for example)
Radiation exposure trustfund -10%
Unemployment insurance -47.2%
Income tax credit -4.6%
Child Tax credit -0.4%
Child support and family support -25.2%
Low Income Energy Assistance -35.3%
Other Nutrition Programs -48.6%
Home Investment Partnership Program -9.6%
Public Housing Capital Fund -18.2%
Low Income Housing Tax Credit -61.9%
Armed Forces Retirement Home -47%
First Time Home Buyer Tax Credit -92.6%
Children Research And Technical Assistance -10.3%
Health care fraud and abuse control -2.3%
Grants to states for Medicaid -11.2% (when states are bankrupt...)
Children Health Insurance -0.2%
Disease control, research and training -1.8% (pandemic response ---)
Public health emergency fund -80.5%
Coal Miner Retiree Funds -14%
Health Care tax credit -29.5%
Veteran compensation and pensions -12.7%
Special Education -4.7%
Education for the disadvantaged -31.9%
Higher education -5.5%
Indian Education -13.1%
Promoting safe and stable families -5.3%
Corporation for public broadcasting -7.9%
Other higher education programs -1.8%
Railroads -35.4%
Mass Transit -9.3% (Government motors gotta sell cars!)
Economic support fund -6.9%
International narcotics control and law enforcement -9.3% (the CIA gotta sell their crap without any disturbance!)
Refugee program -5.1%
Other development and humanitarian assistance -8.6%
Hazardous substance superfund -1.1%
Corps of Engineer -10.6%
Space Operations -20.5%
High intensity drug trafficking areas program (CIA) -12.1%
State and local law enforcement assistance -14.9% (gotta federalize those cops)
Animal and plant inspection (like mad cow disease) -6.9%
Other farm credit activities -48.2% (gotta kill those small farms!)
Indian programs -2.5%
Community development fund -1.6%
Rural development -14.8% (people must stay in big police state cities)
Other rural development programs -75.9%
Uranium enrichment decontamination -90.1% (FDA says that uranium is good for ya!)
Advanced technology vehicles manufacturing loan program -50% (no competition for GM allowed!)
Federal housing loan program -36.7%
Rural housing insurance fund -17.8%
Small and minority business assistance -8.7%

What's being +++
CIA pension fund +0.3% (we have to pay those who do the black ops)
FBI +5.5% (police state)
Military Recruitment +1.4% (police state + war)
Medicare prescription drugs +13.6% (payoff to big pharma)
Federal Employee health benefits +6.2%
DoD veteran health care fund +8.4%
Substance abuse and mental health services +3.2% (more people under government control)
Food Safety Inspection +1.8% (no raw milk gotta be enforced boy!)
Student Financial Assistance +78.8% (gotta help people going to school to be brainwashed and teach students that debt is good!)
Corporation for NATIONAL AND COMMUNITY SERVICE +23.1%
Airports and airways +3.8%
Air transport ``security`` +11.7% (those scanners won't pay for themselves!)
Highway ``safety`` +2.2% (more cops, more red light cameras..)
FOREIGN military financing grant +28.6%
Global health +9.4% (more vaccines)
Other security assistance +262.7%
Contribution for peacekeeping forces (UN) +2.7%
International broadcasting +2.9% (the propaganda gotta reach everywhere)
``Peace`` corps +11.5%
Conservation program +8% (Agenda 21)
National Oceanic and Atmospheric administration (global warming propaganda) +16.6%
Forest Service +1.4%
Department of Homeland Security science and technology program +1.8% (this police state technology won't develop itself)
Criminal investigation +2.9%
Federal judicial and other ligitative activities +6.9%
Other Law Enforcement activities +13%
United States Secret Services +6%
ATF +3.8% (Waco FTW)
IRS +2.5% (Private fed FTW)
Other law enforcement programs +9.1%
Federal Prison system +9.4% (gotta put all the citizen in jail!)
Marketing programs (for food..gotta eat GMO crap) +7.5%
Tax administration +4.1%
Executive Office of the president +1.8%
Federal Buildings Fund +7.6%
FEMA grant +0.3%

It sucks...

A lot of this is cutting tax breaks and program that help people in need... Cut that and more states will go bankrupt and more people will go bankrupt or end up in the streets... all that while the military and the police state gets more money! This is military-industrial complex before the people once again... SICK.

[edit on 2-2-2010 by Vitchilo]

reply to post by jacksmoke


I think it is a coincidental indicator, but you could be right too. It really doesn't matter what we think though anyways, it matters what big money thinks of it and how they view it.

The first 20 minutes of trading is crazy today.
This is real tug o' war going on right now.

reply to post by GreenBicMan


I would agree with it being incidental. There are probably some very serious people number-crunching trying to get a high yet beliveable GDP number. The big money players are fun to watch. I like to equate markets to baseball, its kinda like Clemens(govt) pitching to McGuire(any large wall st. firm). They are great players, we all want to belive that they are clean, and more importantly they could care less what we think. Still fun to watch, though.

Here we are. First week of February. Middle of the week. Hump day. A mercurial and pivotal day. This has to be the extreme day. Either an extreme high or an extreme low. Probably a high, since sellers like to sell at the high point. I'm calling it a good day to jump off the sinking ship.

Any of you geniuses want to explain the hudge dropoff in volume on Wed.? Look at that freaky red cliff:
www.zerohedge.com...

As Zero hedge puts it: "Did some Goldman trader have a huge house party bash last night and as a result half of Wall Street did not report to work today? Starting around 10 am today, it appears everyone took one long Starbucks break and never looked back."

Dr. Rockzo sez... ''CO-CO-CO-PAIN!''

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