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

I always said what it goes around comes around, the crisis started in the US and is going to end with the US.

As more and more EU nations are fighting back their government take over is going to sink the US into more debt.

Only those countries that have a strong industrial base will turn into their own citizens to support that base.

Here in the US we don't have an industrial base that citizens can support we are nothing but consumers and spenders.

Originally posted by coffeesniffer

I feel a major event is imminent

Technically speaking, the NWO champaign bottle is being shaken a little harder than usual. Just bear in mind it's not due to be opened till the date set by Bilderberg.


FTSE at close:


[atsimg]http://files.abovetopsecret.com/images/member/9f16631fb225.png[/atsimg]


5262.85 -170.88 (-3.14%)


DJIA:


[atsimg]http://files.abovetopsecret.com/images/member/a3339c25781d.png[/atsimg]


10553.58 -229.37 (-2.13%)

Source

______beforeitsnews/story/44/102/16_reasons_why_California_is_the_next_Greece.html
16 reasons why California is the next Greece

______beforeitsnews/story/44/093/15_reasons_why_New_York_is_the_next_Greece.html
15 reasons why New York is the next Greece

www.advancedtrading.com...;jsessionid=FIUT1N11XFYGVQE1GHOSKHWATMY32JVN?articleID=224800042

Interesting information about last weeks events

twitter.com...

Reuters Reports That Waddell & Reed Is Mystery Seller Of 75,000 E-Minis; Barclays Fails Flow Trading 101
www.zerohedge.com...

In an exclusive report Reuters' Matt Goldstein has uncovered the mystery seller of 75,000 E-Mini contracts during the market melt down. And no, it's not Nassim Taleb as previously reported: the culprit for soaking up ES liquidity (if indeed the selling of 75,000 50x S&P equivalents is enough to throw the market into a 10% tailspin): the "hedging" party is small Kansas-based advisor and asset manager Waddell & Reed (yeah, that was our reaction too). This information is based on an internal CME report which has yet to be disseminated to the general public. Yet the biggest question is not why Waddell trade what it did, when it did, but why did Barclays, which executed the trade for Waddell, stuff the massive order into the pipe, without breaking it up into a thousand child orders first. This is borderline criminal negligence, with Barclays basically begging for their "best executions" practices to be front run by every single algo in existence.

As Matt notes:

David Rosenberg Part 1: "Why The Depression Is Ongoing"
www.zerohedge.com...

David Rosenberg Part 2: "Gold Is Increasingly Being Viewed As A Currency...
www.zerohedge.com...

Europe’s Turmoil Weighs on UBS and Credit Suisse
dealbook.blogs.nytimes.com...

Richard X. Bove, the banking analyst at Rochdale Securities, downgraded the Swiss banks UBS and Credit Suisse to “neutral” from “buy” on Friday, citing “a deteriorating situation in Europe’s financial community” for the cut. The move comes as European markets continued to slide amid growing uncertainty over the stability of the euro, which traded at an 18-month low to the dollar on Friday.

General market uncertainty in Europe, caused by the potential for sovereign debt defaults in the so-called PIIGS nations (Portugal, Ireland, Italy, Greece and Spain), was the only reason given for Mr. Bove’s downgrade of the two Swiss banks. In fact, Mr. Bove noted that both banks are doing well from an operational standpoint, but that they were basically victims of circumstances, given their location in the heart of Europe.

On UBS, Mr. Bove said he was concerned that potential write-downs of sovereign debt could weigh on the bank’s future earnings. But he also noted that UBS’s exposure to troubled debt securities is unknown, so it is impossible to know how much money the bank has at stake.

“All of this is disconcerting to UBS which is on pace to turn around the company following the troubles of the past two years,” Mr. Bove wrote in a note to clients. “This positive momentum could be derailed by the events surrounding the company.”

ETA: Linky no worky GBM...

[edit on 5/14/2010 by Hx3_1963]

reply to post by Hx3_1963


What depression? we have not depression in America, our SS and welfare checks are in the mail, the big mamas and their cute thick bone babies are in Walmart every month on the first to buy their full GMO and high fructose crap.

The fast food restaurants are full with people dining out and getting their big mac meals.

What depression?


The banskers that cause the financial crisis hitting Europe forgot that they needed to have the nations they are targeting in a state of starvation before imposing their power grab, they got greedy and could not way to starve them first, now the still healthy populations are fighting back.

This a just been sarcastic. . .



[edit on 14-5-2010 by marg6043]

reply to post by GreenBicMan


The link is not available.

reply to post by marg6043


Sorry
Try This

reply to post by GreenBicMan


Well that was interesting, they found the fall guy, now interesting enough that the same amount of 1 trillion markets mess, is the same amount that is needed to bailout the EU and Greece.

Who should we believe. . .



[edit on 14-5-2010 by marg6043]

reply to post by marg6043


Well it is interesting because of this.

The 1 trillion thing really doesnt hold water. Let me explain.

I posted many pages back all the bid/ask for the ES MINI if you remember.

Now the move equated to a 1 trillion dollar move.. but if you look at the thin volume, with less than 100 contracts on both sides come to find out that move was only about 1/100th of 1 trillion.

Think about it like this.

If it takes 1 trillion dollars to normally move the market with 10,000 contracts on both sides, this time it took less than sometimes 100 contracts on both sides.

So really what we are looking at is big orders moving a surprisingly thin ES MINI contract that equates to just a statistical anomaly. It is hard to explain but if you go back to the link I posted where you could DL all the bid/ask on both sides you will see what I mean. Go to 2:45 -> 3:00 and you will see exactly what I am talking about.

No doubt these trades happened and no doubt in my mind the flash crash was absolutely no mistake. The GOV just had to cover their ass.

reply to post by GreenBicMan


And cover their butts they did,



The problem now is that the pesky nations that they want to control can not control their unhappy citizens.

reply to post by marg6043


The internet has pretty much done away with that. I am surprised the internet hasn't been "silenced" as of yet. Keyword "yet".

Originally posted by GreenBicMan
reply to post by marg6043

 

The internet has pretty much done away with that. I am surprised the internet hasn't been "silenced" as of yet. Keyword "yet".

If they turn off our computers, we'll meet in the streets ... to talk

Originally posted by GreenBicMan
reply to post by marg6043

 

Sorry
Try This

OK

I have done some more research on this subject on my own.

I have made a VOLUME CHART HERE broken into 75,000 contracts each per bar.

Since these goons supposedly have identified that the 75,000 contracts is what "did us in" I would like an explanation as to how this realistically was the case.
This here is a much more zoomed in view with times at the bottom.

You can't tell me 75,000 contracts crashed this market. What total bull#. Why can't they just say HFT boutiques closed shop temporarily and NYSE specialists basically just walked off when they didn't want to stomach the order flow all pointing towards a negative bias?

I mean the truth doesn't hurt that bad. This move was obviously in the works the whole day. That is why when the models for the HFT boutiques pointed in the eventual selloff they just quit because their models at the time showed that order flow was too "one sided".

Just don't let these market makers and HFT shops repeat the same thing again. They must be able to handle order flow no matter what. Too bad if it doesn't fit your model, they make enough in microseconds to hedge off the loss in a month or two. Why can't they be losers in a short time period?

It just doesn't seem right to me personally as they are basically throwing the losses to the general public while they run and hide while counting the precious money they made prior in the intraday session.

reply to post by GreenBicMan


Fascinating posts, GBM.

At a tangent, check out this enticingly perceptive take on the role of Greece in the coming demise of the Euro:

The Euro bombed to oblivion?

reply to post by pause4thought


Yes.

A few members have been speaking about it lately. It is of my opinion a few more closes under 1.26 will not equal anything good for EUR.

IMO it doesn't hold 1.15-1.18 from 2008 as there wasn't really enough volume at those levels to solidify a bottom.

There is quite a bit of volume though around 1.00 and don't forget EUR/USD was under 1.00 for quite a while back in 2001 I believe it was.

If it does indeed hold under 1.26 for the next few trading sessions it is indeed looking bleak for EUR.

JPY though is the big benefactor in all of this as it is just growing stronger and stronger against all pairs. Although Japan hates this because it hurts their economy.

JPY's banking interventions have done nothing to fix the leak either. That is part of the reason I stuck with my GBP JPY longs, but just gave it up this afternoon. I'll take the loss and rather live to fight another day.

If you look at monthly chart candles IMO USD JPY can fall to low 80's still. I think this is a good chance the more and more EUR USD weakness we see.

Good news is though it looks like we could live like kings soon enough in my favorite place in the world Palma Majorca. Will be nice having our dollar actually be worth something more than paper in another country haha.

reply to post by GreenBicMan


You mean you've never holidayed in Zimbabwe?


BTW, if you do go on a package tour remember to bring back plenty of Zimbabwean $. They may soon be worth more than greenbacks...

reply to post by pause4thought


Ha, I'm far too weak for Zimbabwe.

reply to post by GreenBicMan


GBM,

That is great work. Could you put that chart and your post up on seekingalpha.

Originally posted by GreenBicMan
reply to post by pause4thought

 

If it does indeed hold under 1.26 for the next few trading sessions it is indeed looking bleak for EUR.

we will see if it remains under your 1.26 level

(i think it broke below 1`.25 today) and is expected to go down to 1.20 in the near term


in the long term 'parity' with the USD is the consensus #...

IOW, the N. Atlantic hegemony is now broken... with all the weight going (as absurd as it is) to the USD [it has 10k nukes ready to be retargeted]