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

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posted on May, 24 2010 @ 08:46 AM

North Korea threatened on Monday to fire at South Korean equipment if it is set up at their heavily armed border to broadcast anti-Pyongyang messages, and vowed to take stronger measures if Seoul escalated tensions.

The warnings came in a statement from a military commander carried by the North's KCNA news agency.

South Korea said on Monday it would resume loudspeaker broadcasts at the border that had been suspended for six years, as part of its punishment toward the North for the sinking of one of its navy ships

DOW down -81 out of the gates this morning. Euro is down sharply...

this is hilarious...

The US economy should expand at a solid pace this year and next as consumers increase spending, confident the recession is behind them, a panel of economists said in a survey released Monday.

1930's anyone?

blowhards payed to say what the government wants them to say...

[edit on 24-5-2010 by TheCoffinman]

posted on May, 24 2010 @ 09:18 AM
reply to post by St Udio

I tell you, is not that I didn't know all this, but that with the financial been center stage right now, and since the Bush administration no longer in power with all the backing of big oil cartel it kind of went in the back of my memory, after all Obama is all for union workers so this got hidden as a fact.

It only took my brother to remind me that is oil what moves the world and the dollar behind it

posted on May, 24 2010 @ 10:48 AM
We don't control the oil. It's in the middle east, which makes us extremely vulnerable to an oil disruption via Israel/Iran war that is brewing.

If Iran destroys the port facilities in the Gulf, it's game over. They cannot be quickly rebuilt, which will starve us for oil, which is 'everything' as you correctly stated. Everyone talks about our great navy and how iran can't block the straits. Ha, they don't have to! Simply destroy the ports with missiles!

Other sources cannot be brought on line quickly. Maybe we could run around and poke a few more holes in methane hydrate deposits on the bottom of the ocean!

posted on May, 24 2010 @ 11:01 AM

This week, the Senate is expected to extend jobless benefits to more than 5 million Americans through the end of the year. It is the sixth time in nearly two years that they’ve expanded or extended unemployment benefits — putting off, again, a day of reckoning our political leaders seem unwilling to face.

posted on May, 24 2010 @ 11:09 AM
reply to post by HimWhoHathAnEar

That is where the big deception lies, is not Saudi Arabia the one that have control of oil is the US the ones that control the prices.

Mexico is our first supplier, second is Canada and third is Saudi Arabia

US seats on very vast reserve of oil, US use to supply most of the oil to the world once before Saudi discovery in the middle east.

While we are making other oil producing countries sell and extract their oil, US oil resources are still very much alive and in high quantities.

Is a myth that US oil has run out, or we would not have big foreign oil companies running Alaska and the gulf.

That is a pay out for UK for being our friends and to have a way to back their own currency.

The lies the deceptions, what people doesn't even understand about the US oil supplies. . .

And the big disadvantage of China, they do not produce any

posted on May, 24 2010 @ 11:19 AM
US has approved 19 environmental drilling waivers since oil spill

Now this is priceless . . .

posted on May, 24 2010 @ 04:34 PM
See the DOW closed at 10,066.6 today. beware of tuesday.

ohhhh ahh haah haaaaah

posted on May, 24 2010 @ 05:49 PM

US the ones that control the prices.

reply to post by marg6043

Naw, prices are controlled by supply and demand. Trust me, if 40% of the worlds oil stops flowing out of there, oil WILL go to hundreds of dollars a barrel overnight.

The US may be sitting on deposits of oil, but as I said, they cannot be accessed quickly. So China is in a position at that point to purchase its oil with the 2 Trillion in dollar reserves that it currently has. We don't have any reserves with which to compete for oil.

This thing in the middle east is what's going to end our 'markets'. It's always only been ONE commodity to go scarce that would bring out all the money that's been printed to china and the banks, which in turn will cause inflation like never before very quickly.

All the money that was printed and DOUBLED the money supply is sitting at the Fed via the banks. If oil started to moon shot because of tensions or conflict over there, do you think they would just sit by with that money in their pockets? With a gambling addiction like theirs? It'll make the last run up to $140 look like childs play.
Which will be the final blow to an economy already on its last breath.

posted on May, 24 2010 @ 08:02 PM
reply to post by HimWhoHathAnEar

I think that US would not have its currency been backed by oil if they knew that it could not be accounted for.

Still I truly believe that China is buying US debt because its oil backing.

But then again is so much secrecy when it comes to US private corporate oil cartels.

posted on May, 24 2010 @ 08:23 PM
reply to post by marg6043

They have been able to account for it via our military, up until now. That's why the Iran thing is such a big deal to them. Iran as a nuclear power would upset their apple cart and change everything in the middle east.

Iran has already stopped trading oil in dollars. The other arab powers are working on doing the same thing. So the dollar backed by oil is going away on its own at this point. They probably think they can turn back the clock with a successful attack on Iran.

posted on May, 24 2010 @ 08:33 PM

Well, it was a good run, but we close 9 points lower and at least for the meantime I would probably be out of this market.

If this happens I might get back into my micro fx account and start to go long USD vs everything I can find minus JPY.

This is the tipping point.

posted on May, 24 2010 @ 08:41 PM
interesting what u say! usd/jpy is not one to be traded, for sure also, i don't keep up with the usd these days....i need the input!

posted on May, 24 2010 @ 08:53 PM
reply to post by GBP/JPY

I think USD jpy revisits low 80's again going by monthly chart and I think EUR USD sinks to at least around very low 1.00 area if not lower

Also I have been theoretically short AUD / NZD vs USD for forever, just never held on because I love using my margin for dumb moves

I think you can pick up GBP USD for around 1.35 in a couple months..

But anyway, yeah, a close under flash crash lows to me signals to get out. I knew we would revisit but people are just piling on now and even though not much has changed as far as US goes there is probably going to be too much USD strength to keep this market up.

Also, I think there is a very strong possibility NZD USD goes to .50 and AUD USD goes to around .70

[edit on 24-5-2010 by GreenBicMan]

posted on May, 24 2010 @ 09:18 PM

Originally posted by GreenBicMan

Idk I think the easy money has been made on dollar strength at least for now. A little later that could change. Everyone is so bearish on the euro right now. I have not heard one positive thing about the euro. After a huge down move in that currency I am reluctant to go short here. But if markets crash further here who knows...The RSI has not been this low on the SPX weekly and daily this whole rally since March. If this is a bull it should pop off soon. I am looking for a bounce off the 40 level on the weekly and it is at 42. If it goes straight through that then this is no bull but a big fat bear.

posted on May, 25 2010 @ 01:04 AM
reply to post by MrDarlingFace

Yeah, personally I dont know, I think DX can get to mid 90's before this is over..

I just don't see the dollar getting weaker anytime soon against the EUR and that will be the catalyst in my eyes at least that for the time being that will keep us equity markets down.

posted on May, 25 2010 @ 01:47 AM

Breaking 1050 on ES

I am guessing we see 1000 SP 500 before this week is over possibly next couple days..

Total breakdown right now

posted on May, 25 2010 @ 02:51 AM

Last March I wrote "6 reasons I'm calling a bottom and a new bull." Today it's time for a new call. We've had a good year. Net gains over 50% in 2009. But now: "Game over, head for the exits." Bears beating bulls.

No, no, "it's a buying opportunity," says another legend, hedge fund manager, Barton Biggs. Buying opportunity? For who? Remember, Biggs isn't advising Joe Lunchbox about what to do with his little 401(k). Biggs' customers are mega-millionaires in his $1.5 billion Traxis Partners Fund. Main Street investors like Joe are prey in his casino.

Read on, you decide: As you stare from high up in the nose-bleed bleachers watching the game, staring at a Dow that not long ago was above 11,000 and heading for 12,000. Now the Dow's sitting on the bench, ready for the showers, weak after a couple air balls around 10,000. No more timeouts. "This game's in the refrigerator."

Asia's all red this morning:

Europe's just getting started but it's not looking too hot initially:

[edit on 25-5-2010 by Graybeard]

posted on May, 25 2010 @ 03:10 AM
how come obama hasnt used his teleprompter on the stock market im sure it would calm the markets down it worked on the media they just laid down and stopped asking questions like who's your daddy and where's your mommy from but tonight the nik and hang dax and cac really need him to make up some more stuff otherwise someone in the media is going to wake up tomorrow and say you know this guy is nothing more than a snow job

posted on May, 25 2010 @ 06:07 AM

Originally posted by GreenBicMan

Breaking 1050 on ES

I am guessing we see 1000 SP 500 before this week is over possibly next couple days..

Total breakdown right now

There's a lot of support in the 1020 region. If it goes below that then 1000 will be defended just as a psychological boundary. If it goes below that then 950-960 is where a lot of support is.

posted on May, 25 2010 @ 06:27 AM

Originally posted by andy1033
reply to post by jacksmoke

I would imagine thats how they make people on the inside rich you would think, the game is rigged and if your on the inside you get the tip and when.

Yes it's true but you try telling that to someone playing the one arm bandit just after it's gone caching, caching, caching.

These new circuit breaker are fantastic it's cuts the power to the bandit if the right punter is not playing at the right time.

Some aruge you can win in a rigged game by using revers logic and doing the oposite and buying when others sell but timing is everything and it's a % here and a % there so unless your in the know then this logic simply won't work.

When a circuit breaker trips the lights go out and it trips for a reason so make sure you take a tourch to the casion (record trasactions) incase someone makes a grab for you stash and don't think you can get out the casino untill you paid you bar tab which won't be easy if all the tills are on the same circuit as the lights.

Silly me i forgot the titanic could never be sunk but check the passenger list and see how this relates to the banking of today.

Help is at hand if only you ask.

yep it's rigged OK

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