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

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posted on Mar, 6 2009 @ 12:15 PM
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Mentally ill inmates cost $400 M per year

"Corrections officials say more than 12,500 of Michigan's 50,000-plus prison inmates -- 1 in 4 -- have a history of mental illness.

"Advocates call that shameful. Policymakers trying to get the $2 billion state corrections budget under control call it expensive.

"It costs an average of $31,325 a year to house a state prisoner, so mentally ill inmates represent a $400 million annual expense."


I don't see how anybody -- especially a "bleeding heart democrat" -- can possibly think that beefing up funding for our outlandish (and bankrupt) criminal justice system can possibly bring about desired social outcomes.

$30,000 per year? Many of these people being non-violent offenders? And 10% of them being innocent of the crimes they were convicted of?

[edit on 6-3-2009 by theWCH]




posted on Mar, 6 2009 @ 12:20 PM
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EQUITY INDEXES
VALUE CHANGE % CHANGE
S&P 500 673.01 -9.54 -1.40
NASDAQ 1,277.26 -22.33 -1.72
Russell 2000 346.11 -3.34 -0.96
S&P/TSX Comp 7,626.02 -3.15 -0.04
Mexico Bolsa 17,103.89 -261.13 -1.50
Brazil Bovespa 37,201.43 -167.50 -0.45


Market Ticker with Karl today
market-ticker.denninger.net...



posted on Mar, 6 2009 @ 12:24 PM
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reply to post by elston
 


Very pithy response.

Let's see if anyone has a counter.



reply to post by theWCH
 


Nice can of worms you opened there...



Still waiting for the usual suspects to arrive.




Meantime there's been some stirling work by several others today. Bravo!




posted on Mar, 6 2009 @ 12:35 PM
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Another for the makerts

Another Bubble Burst Looming

CNBC is reporting that another economic bubble is about to - or already has - burst, causing an even greater crisis.

The areas identified as possible bubbles about to burst are Treasury bonds.

This was reported yesterday, will it happen.


"To have a bubble is to have increased volatility," Steve Wallman, CEO of Foliofn and a former SEC commissioner from 1994 to 1997 told CNBC. "If you get a return of 10 percent over ten years, that would be attractive. But in some time frame it will have a minus 40 percent return, then a 60 percent. That's pretty risky."

With Treasury notes yielding virtually nothing for investors, there is growing fear that foreign capital could stop flowing into the market, causing a major drop in dollar-dominated assets. In addition, as governments around the word emulate the U.S.’s approach to stimulate the economy, the supply of bonds will drastically increase to finance that spending, possibly far outweighing demand.


Markets do not like this type of news.

www.economyincrisis.org...




[edit on 6-3-2009 by marg6043]



posted on Mar, 6 2009 @ 12:36 PM
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reply to post by fleabit
 


Some of us criticize Obama because everytime he speaks, the market reacts in a fashion similar to the way a cat would respond to having turpentine spritzed on it's sphincter. Furthermore, his Treasury secretary at the very least *appears* to be clueless. Finally, we do not live in a world of rainbows and sunshine where a man of nothing more than words, which is all Obama is, should be viewed with anything other than skepticism. To this point, he has done nothing to relieve that skepticism.

Yes, he inherited a foul economy, but he was part of the reason it was foul in the first place! Have you forgotten that he was against any effort to reform the shady mortgage paractices of the two FM components? Have you forgotten that he was a rah-rah man for passing the TARP bill? He's getting blamed because he deserves the blame.



posted on Mar, 6 2009 @ 12:36 PM
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Then we have GM they are now at the lowest since 1933, more bad news for the markets.



posted on Mar, 6 2009 @ 12:37 PM
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With GM sitting at $1.45, they're down just over 20 percent again today.

If that keeps up, by April 1, a share of GM stock will cost you just over two cents . . .

How fitting.



posted on Mar, 6 2009 @ 12:38 PM
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reply to post by burdman30ott6
 


I agree plus he surrounded himself with a good array of the same trash that during the Clinton administration applauded and pushed the policies that now are coming back to bite us in the butt.



posted on Mar, 6 2009 @ 12:40 PM
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Yes and Ruth Madoff's 62M is "unrealted" to Bernie' Fraud.
www.bloomberg.com...

And the banks stashing the cash is unrelated to TARP too.




posted on Mar, 6 2009 @ 12:40 PM
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reply to post by pause4thought
 


You know I really don't think it has as much to do with people having confidence in his policies as much as it has to do with trust. A large number of citizens trusted in a man who turned around and gave them more of the same after promising change of the highest degree.
Now here we are a few short months later and the pandemic of lost trust has hit epic proportions. At this point in the game not much of anything he does is going to matter to pretty much anyone, due to the fact that the trust of a nation has been lost.



posted on Mar, 6 2009 @ 12:40 PM
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reply to post by pause4thought
 



Star for you, I actually had to look up "pithy" word of the day!

EQUITY INDEXES
VALUE CHANGE % CHANGE
S&P 500 671.79 -10.76 -1.58
NASDAQ 1,275.91 -23.68 -1.82
Russell 2000 345.39 -4.06 -1.16
S&P/TSX Comp 7,585.56 -43.61 -0.57
Mexico Bolsa 17,066.45 -298.57 -1.72
Brazil Bovespa 36,874.73 -494.20 -1.32


DOW looking like it could reach below 6500 today.



posted on Mar, 6 2009 @ 12:41 PM
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Dave Ramsey is now giving buy orders. Ramsey, inmo, gives pretty decent advice when it comes to personal finances, but telling anybody to buy in this climate is not a good move, imo.



DOW -75
NAS -23
S&P -10

Edit-

We might break into 64-- territory today.....

S&P 500 671.33 -11.22 -1.64
NASDAQ 1,275.09 -24.50 -1.89

[edit on 6-3-2009 by Hastobemoretolife]

[edit on 6-3-2009 by Hastobemoretolife]



posted on Mar, 6 2009 @ 12:44 PM
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reply to post by pause4thought
 


Yeah, I almost immediately regretted that post. To attempt keep the worms in the can, I want to say: I was speaking in reference to the rampant inefficiencies of the system, given that the median income for a one-person family in Michigan is $21,000, and the price to imprison one person is $31,000.

Of course we have to keep violent criminals off the streets. We simply need to reform the system, given the fact that it's causing major budget issues.



posted on Mar, 6 2009 @ 12:46 PM
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Anyone watching a "LIVE" ticker? This movement is amazing. The 6500 line on the DOW is being flirted with almost every 2 seconds. Dang!



posted on Mar, 6 2009 @ 12:48 PM
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My predictions for next week. Week end after market bad news.

Monday
Nasdaq Composite at 850
DJI at 6100
S & P at 540




[edit on 6-3-2009 by projectvxn]

[edit on 6-3-2009 by projectvxn]



posted on Mar, 6 2009 @ 12:49 PM
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reply to post by theWCH
 


You know why is so expensive to keep inmates in prison? because the prison system is now a private entity, they call the shots now on how much the state should pay to House the prisoners now.

The bigger the pot the more money to pass around that is what privatization did when it comes to the prison systems.



posted on Mar, 6 2009 @ 12:50 PM
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Dow Jones Industrial Average 6,500.93 1:23pm ET -93.51 (-1.42%)
S&P 500 INDEX,RTH 671.69 1:48pm ET -10.86 (-1.59%)
NASDAQ Composite 1,275.35 1:49pm ET -24.24 (1.87%)

Gettin' close today kiddies....


Gold $943.74 ...rising?

[edit on 3/6/2009 by Hx3_1963]



posted on Mar, 6 2009 @ 12:50 PM
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Originally posted by projectvxn
My predictions for next week. Week end after market bad news.

Monday
Nasdaq Composite at 850
DJI at 6100
S & P at 540




[edit on 6-3-2009 by projectvxn]

[edit on 6-3-2009 by projectvxn]


That would be ugly to say the least. Deals conducted after markets close today could make for a very volitile monday, yes?



posted on Mar, 6 2009 @ 12:50 PM
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reply to post by projectvxn
 


No not the S&P that low!
Cant you change that prediction?!



posted on Mar, 6 2009 @ 12:51 PM
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reply to post by Hx3_1963
 


There you are.

Get some rest?



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