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

reply to post by pause4thought


thanks man, ill add it to the list.

Time for chart voodoo reading....

Monday February 22, 2010: slight down day
Tuesday February 23, 2010: more of a down day, putting the close below Wednesday February 17

Why? Because Wednesday is the mid-week hump day and a lot of times the markets will sell from Monday to Wednesday and engineer a lot of buying on Thursday and Friday. That would be the advance, retrace, support and advance again scenario.

So.... people are now set up with the idea that this week there was selling on Monday and Tuesday leading to some bottom fishing on Wednesday and some rallying on Thursday and Friday. That is the deceptive set up for the Bears to take advantage. Tomorrow is going to screw a lot of Bulls who buy looking for this rally of Thursday and Friday, because there ain't gonna be no rally. Thursday maybe, but Friday will be a brutal sell off for some reason. I don't know the reason, but the Wizard behind the curtain will fabricate that reason and the whole Public will believe it.

reply to post by Cabaret Voltaire


Have you got enough pins/effigies to cover about 50 bigwigs? -

Insider selling soars to 2010 high

(discussion)

Originally posted by GreenBicMan
reply to post by DangerDeath

 

The market sets the price

And yes, professional gamblers do gamble, they just use better risk management than all the other goons.

Books sets lines, they do not gamble, they collect the spread like a broker.

You're right! They do gamble. But, are they really professional gamblers? It seems that professional gamblers are complaining...


www.thedailybell.com...

Buffet's Partner Says America Is Finished

Charlie Munger (pictured left with Buffet), Warren Buffett's longtime business partner in Berkshire Hathaway, warns in a new column that the U.S. economic empire is crumbling before our eyes, thanks to federal debt and poor planning. In an article penned for Slate.com, Munger uses the form of a parable to explain how Wall Street's love affair with gambling has destroyed America's Main Street.

See discussion at following thread:

www.abovetopsecret.com...

www.washingtonpost.com...

Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades.

The Commerce Department reported Wednesday that new home sales dropped 11.2 percent last month to a seasonally adjusted annual sales pace of 309,000 units, the lowest level on records going back nearly a half century. The big drop was a surprise to economists who had expected sales would rebound to an annual rate of 360,000 units.

www.telegraph.co.uk...
Cutting deficit before 2011 may lead to double-dip recession, IMF warns

In a paper, which will be characterised as a blow for the Conservative party, the Fund said that countries risked sparking a potential double-dip in their economies if they start cutting spending and raising taxes too early.

It also warned that public debt levels throughout the world had now reached similar levels, in comparison to gross domestic product, as in the 1950s, the aftermath of World War II.

www.telegraph.co.uk...
Concerns grow over China's sale of US bonds

Evidence is mounting that Chinese sales of US Treasury bonds over recent months are intended as a warning shot to Washington over escalating political disputes rather than being part of a routine portfolio shift as thought at first

Joke of the day:

CFTC fines UBS $130,000 for exceeding max position limits in NYMEX.

Punch Line:

That is about 1/2 tick in Oil to them - equalize this to "our money" and it is the lint in your pocket

reply to post by TheCoffinman


Regarding the first article: the IMF would say that wouldn't they? If they can get the UK over the tip of a barrel in the same way they have done in Ukraine (their most recent conquest) & numerous other countries, the door would be open for future blackmail, nest-ce pas?

The real problem is that the crisis has been mismanaged from the start (in favour of government cronies, not the masses). Bankrupt institutions should never have been propped up - all it has done is lengthen and deepen the pain. The pain has to come at some point; ever-expanding debt is no different to any other pyramid scheme in this sense. The only sane policy at this point is to massively reign in expenditure and let people suffer the consequences of banking insanity.

It's not as if there is any real recovery that could be threatened: it's all smoke and mirrors. If truth be told it's probably already too late. Quantitative easing, bailouts and market shenanigans have seen to that. But if a government actually had enough backbone to carry through the necessary measures with real determination maybe even now they could go down in history as having saved their national economy from impending oblivion.

***

As to China making those kinds of threats I just can't see how they could follow through in any big way - they need the US as a market for their goods (understatement). Pulling the plug on the US would be cutting of their noses to spite their faces.

Why China should listen to Obama

reply to post by pause4thought


Actually China now own part of AIG, Citigroup and many others of the too big to fail, as they have been selling and China has been buying.

That means China can have a say so on how the too big to fail will be taken care off by the tax payer with the help of our government.

Just something to think about.

reply to post by marg6043


Well marg, you walk in here, sit down (without so much as taking your coat off) and lay your Ace on the table.

I suppose you just collect your winnings and we don't hear of you for another week or two?



Meanwhile: Greek banks see their credit ratings cut

The credit ratings of Greece's four largest banks have been downgraded by ratings agency Fitch, a move that may worsen the country's financial woes.

Explaining its decision, Fitch said Greece's planned public spending cuts would result in fewer demands for bank loans, thereby hitting banks' profits.

Analysts said the move would make it more expensive for the banks to borrow funds, and the government to get loans.

Greece is working to trim a budget deficit way above eurozone rules.

In the widely expected development, Fitch downgraded National Bank, Alpha Bank, EFG Eurobank and Piraeus Bank from BBB+ to BBB status...

www.abovetopsecret.com...

Freddie Mac losses mount, warns of foreclosures

www.guardian.co.uk...

Global trade flows contracted by a catastrophic 12% in 2009, the fastest pace since the second world war. This latest estimate is considerably worse than the WTO's previous forecast of a 10% decline for last year, underlining the hefty costs of the financial crisis for the world economy

online.wsj.com...

Greece set off the crisis rattling the euro zone. Spain could determine whether the 16-nation currency stands or falls.

The euro zone's No. 4 economy, Spain has an unemployment rate of 19%, a deflating housing bubble, big debts and a gaping budget deficit. Its gross domestic product contracted 3.6% in 2009 and is expected to shrink again this year, leaving Spain in its deepest and longest recession in a half-century.

Euro-zone heavyweights Germany and France have pledged to support Greece if necessary. But any bailout for Spain—whose $1.6 trillion economy is nearly double those of troubled euro-zone partners Greece, Portugal and Ireland combined—would be far costlier.

A "shock and awe" infusion aimed at renewing faith in Spain's finances, should it be necessary, would take roughly $270 billion, according to an estimate by BNP Paribas. It estimates similar confidence-restoring moves in Greece, Ireland or Portugal would require $68 billion, $47 billion and $41 billion, respectively.

carry paid......and will till thursday i suppose !!....and
everyone is running to forex now(new regs)

[edit on 24-2-2010 by GBP/JPY]

reply to post by GBP/JPY


Damn gbp we hit that 20 ema and got thrown all the way back down to 138

Looks like good shorting material once more

What else are you looking at?

down 160 points in an hour, could be a long day... all this bad news ive been posting on here i think is making itself known in the stocks..

The number of Americans filing for initial unemployment insurance surged to just below the 500,000 level last week, and have climbed more than 12% over the past two weeks, the government said Thursday.

There were 496,000 initial job claims filed in the week ended Feb. 20, up 22,000 from a revised 474,000 the previous week, the Labor Department said in a weekly report. The prior week, there were 442,000 claims filed

money.cnn.com...

A debt default by one euro zone member could end the single currency union but this is unlikely, the head of the German debt management agency said on Thursday.

"I think if one of the 16 members would default, it would be a collapse of the whole system," German Finance Agency managing director Carl Heinz Daube told a bond conference in London.

www.reuters.com...

EU inspectors visiting Athens expect declining gross domestic product and high borrowing costs will make it hard for Greece to meet its deficit-cutting targets this year, a senior Greek finance ministry official said on Thursday.

"Negotiations (on measures to cut Greece's deficit) are continuing because they see a big slippage in targets," said the Greek official, who declined to be named.

The EU inspectors expected Greece would only be able to cut its deficit-to-GDP ratio by 1.5-2.0 percentage points versus a 4 percentage points target this year, he said.

That would mean Greece would need to find another 4.8 billion euros ($6.47 billion) worth of savings to meet its target

www.reuters.com...

the economic bad news continues...

[edit on 25-2-2010 by TheCoffinman]

The Federal Reserve chairman, Ben S. Bernanke, urged senators on Thursday not to strip the central bank of its authority to supervise the country's largest banks, warning that to do so would pose a “grave risk."

www.nytimes.com...

Originally posted by TheCoffinman

The Federal Reserve chairman, Ben S. Bernanke, urged senators on Thursday not to strip the central bank of its authority to supervise the country's largest banks, warning that to do so would pose a “grave risk."

www.nytimes.com...

Heh, "grave risk" to who?
FED wish list:
1. Don't audit us
2. Give us more power
3. Don't take any power away
4. Give us more power
5. Don't audit us

Seems legit.

Edit to add: Turn it CCW and you get the picture.



[edit on 25-2-2010 by nydsdan]

im confused as to why the DOW jumped 100 points to only be down 80 now when there has been absolutely no good economic news ?

reply to post by pause4thought


Hon, is no such thing as big winning when it comes to the lesser investors or small investors.

The markets belong to the elite few that are in that private club where you or me are never invited, and if any of us littler ones dare to go against their monopoly and profit making we will be squashed like nothing more than bugs.

Anybody that thinks the markets are free and fair are just dreaming.