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

reply to post by pause4thought


Indeed, I also think this will/should have ramifications on regulation and control of oil exploration, especially in environments that are not only ecologically sensitive, but especially hard to access in emergencies. Deep Sea/Deep under ice will be top on the pile to be reassessed for risk I guess?

I've just been looking at the thread searching for ideas on how to halt the flow, and it very quickly became clear that this environment is so harsh (3.6km depth I think, 1000psi water pressure, etc....), it's clearly a totally different kettle of fish to land based drilling, and I really do wonder what this will do to the future regulatory demands or a change to what becomes politically acceptable - globally.

I think that if/as this spill (wasn't there also a submerged 'bubble' drifts out into the Atlantic, the global political reaction could be very interesting?

reply to post by curioustype


The political fallout is likely to reflect the degree to which the disaster hits people's pockets - don't you think? Green issues are still a relative side-show when it comes to political popularity, despite daily bombardment in the MSM and good intentions on the part of the general populace.

Not meaning to sound cynical - just realistic.

reply to post by pause4thought


Absolutely, I think before this plays out, from what I've seen, you're absolutely right, it will be the financial cost people will be activated by, politically speaking, very much like the banking crisis, people are generally more angry about the real losses to be incurred by themselves (pensions/savings/property/income/education/standard of living...) and that was what I am driving at here...

We've just seen the impact of the volcanic ash cloud in Europe, this could be far nastier, and not simply bludgeoning corporates (airlines/travel firms) but will impact far more small businesses, hotels, estate agents, developers - local economies - but possibly on a massive scale?

Seen those threads speculating on National Guard mass multi-state evacuation re: oil spill too - all sorts of possible triggers (Hurricane/chemical pollution/nuclear detonation attempt/burn attempt)? I thought some of those were a bit far fetched, but the latest sat images show this thing is massive...

reply to post by pause4thought


IMO the safest thing out there is short EUR - AUD - NZD

I don't see anything positive coming from any of those countries in quite a while. The old USA looks real damn good compared to any of those countries.

Short EUR / USD might seem too easy to some, but IMO it hasn't even got easy yet. Easy was Short EUR / AUD about 10 months ago. This will still have its whipsaws, but predominately you can ride this down as far as you want to go if you are willing to not be too overlevered.

[edit on 25-5-2010 by GreenBicMan]

This kind of trading must have you permabulls in a tizzy. It can make you insane trying to figure out which way the market is going on a daily basis. There has to be a better way, no?

The fear is growing. The market is going to have a very bad drop soon. Call it capitulation. Followed by the birth of the new baby bull!

Then this thread will need to be closed. The meltdown will be over. The bull will be back.

I can hardly wait to see what happens as we creep closer and closer to the Grand Exit. There are about 5 weeks to go.....

reply to post by Cabaret Voltaire


Hi Cab,

Care to put a date on that prediction? 5 weeks from today? How about the last week of June, you don't have to pick a date, that would be silly. (Anyone remember March 24th? me either).
So, are we agreed? The end of the market as we know it, as predicted by Cab, will occur the last week of June.

I will invest accordingly. How about a fully stocked bunker, stacked to the rafters with gold bullion and guns. Is that your retirement plan?

I don't know whats gonna happen anymore than anyone else, incuding you. As they say " if you are not part of the solution, you are part of the problem"

Cab, you are better than predictions

Good news this morning, Markets to be higher today thanks to positive outlook in the global markets after yesterday

Now Bad news, remember people when we talk about how states will start defaulting on debt and bankrupting before the federal government? well the counties are the ones now starting to default and filing chapter 9 within few states already, even states that are not that bad financially

U.S. Restructuring Experts Believe a Major U.S. Municipality Default is More Likely than a Sovereign Debt Default Globally, According to AlixPartners Poll

90% believe there will be a major municipality default this year or next

NEW YORK (May 17, 2010) – Amid the economic turmoil in Greece, more restructuring experts believe that a major U.S. municipality default is more likely than is a sovereign debt default at some point in 2010 or 2011. Some 90% of restructuring pros polled last week predicted a major U.S. city or other municipality will default this year or next, versus 63% who anticipate the default of a country in the same time period, according to an informal but closely watched annual survey by AlixPartners, the global business-advisory firm.

www.alixpartners.com...

The power of the TWO is now showing its ugly head, who said nations haave soverigninty when they are bind by the TWO rules and regulations?

WTO May Block Financial Reform

Any effort to reform the broken financial system in America could be undermined by U.S. obligations to the World Trade Organization, according to Public Citizen’s Eyes on Trade.

Because of the WTO’s General Agreement on Trade in Services, which is chalk full of deregulation-promoting provisions in financial services, it may be difficult for the U.S. to limit the size of financial institutions and the types of services and products they provide.

“When the WTO financial services provisions were negotiated and implemented, there was a prevailing consensus that the shift to deregulation would be permanent,” Public Citizen says. “This consensus has been all but swept away after the 2007-09 financial meltdown, but the binding trade obligations remain.”

www.economyincrisis.org...

www.msnbc.msn.com...

In my humble opinion, this has the potential of Chernobyl catastrophe.

reply to post by DangerDeath


The white House and our own government had their heads so much into oil companies butts that even foreign companies like BP are allowed to do the damage they are doing and nobody is monitoring anything.

We lost our sovereignty a long time ago, is just that the so call patriots can not see it yet. . .

reply to post by jacksmoke


I'm better than this guy. I don't know how these business writers keep their jobs.

And lets just wait and see what happens in the next five weeks.

There is a lot of trouble brewing and any little bit of it could be blamed.

Euro hitting new lows... now around 1.215... will probably break the 1.2145 tonight.

Here...

So I guess it's not over then

What a surprise.

And of course, US debt reached 13 trillion today! Yay!

And as Market-Ticker is saying, we could be facing another commercial paper market lock really soon... like tomorrow.
Push/Pull - Where Do You Bet?

SPAIN ANYONE?

To add to this there are rumors flying around that BBVA (which owns Compass Bank in the US) had a short-term roll failure (commercial paper) today.

If the Commercial Paper market locks up to any significant degree in Europe we will see a repeat of the 2008 fiasco - on steroids.

[edit on 26-5-2010 by Vitchilo]

reply to post by Vitchilo


Hey, you know the US we will thrive in the bad days ahead, because we have printing presses and a debt ceiling that can be move at will.

So just another day in paradise USA.

where miracles can happen . . .

reply to post by marg6043


Yeah everything is alright ....

Not a big surprise...
Seniors could outnumber children within years

The number of people in Canada at least 65 years old could outnumber children under 15 for the first time within five years, Statistics Canada said Wednesday.

Not a big surprise. Well to me anyways. Here, we are screwed. We are more socialists than Greece. And I'm not kidding.

One my aunt is working at a government agency responsible for pensions... I talked to her a few days ago... and while talking about the economy, I told her about Greece... and I asked her if she tought that our pension system was bankrupt...

And even if she's working inside the system... she's still a sheeple... ``Yeah they are planning a reform this summer``... and by reform, she meant : reducing payments and increasing taxes...

And still she said it wasn't bankrupt... they were just reforming it! HAHAHAHA

We are so screwed... and I'm living in a city where about 75% of people work for the feds/province/city government.

IMO we're gonna get hit by the same things as Greece.... and my city is gonna be bad... we'll have like 50% unemployment.

This is gonna be a hoot. I think I'll be moving up north... or west... somewhere where there's no one.


Just by numbers, we're WORSE than California... which is the worst state in the US...
Debt of our province : 72.3% of GDP compared to California 7% of debt-to-gdp...we're only 10X worse than California!
Debt of Canada... 38.9% of GDP compared to US 90%...

[edit on 26-5-2010 by Vitchilo]

reply to post by marg6043


Pretty much, yup, thats how it works. Its a big game built on mass delusion and the confidence or ignorance of the masses. If you don't like the game don't stand on the side lines and scream "this game is rigged" Be part of it or ignore it. Cause you can't change it.

Originally posted by Cabaret Voltaire
reply to post by jacksmoke

 

I'm better than this guy. I don't know how these business writers keep their jobs.

And lets just wait and see what happens in the next five weeks.

There is a lot of trouble brewing and any little bit of it could be blamed.

True you probably are, but in his defense, charts are charts and subject to interpritation. Depending on the time frame you use you can get almost any indicator that you want.

Also true that there is alot of things going on that can upset the apple cart. Only time will tell, not you, me astrology charts or darts thrown at the pink sheets. Good luck with your investments, I think we all are gonna need some in the short-term

Originally posted by jacksmoke
reply to post by marg6043

 

Pretty much, yup, thats how it works. Its a big game built on mass delusion and the confidence or ignorance of the masses. If you don't like the game don't stand on the side lines and scream "this game is rigged" Be part of it or ignore it. Cause you can't change it.

The problem of "confidence" or "loyalty" of slaves is very easily resolved, but there must be "fireworks" to pretend the real change took place. Usually it is: democrats-republicans, and also communists-capitalists, or sometimes north-south, or Catholics-Protestant, etc. So the loyalty shifts between the exposed governments, but behind the scenes - the same old gray eminences cheering up the stupid and worried masses and regaining their confidence.

Originally posted by DangerDeath

Originally posted by jacksmoke
reply to post by marg6043

 

Pretty much, yup, thats how it works. Its a big game built on mass delusion and the confidence or ignorance of the masses. If you don't like the game don't stand on the side lines and scream "this game is rigged" Be part of it or ignore it. Cause you can't change it.

The problem of "confidence" or "loyalty" of slaves is very easily resolved, but there must be "fireworks" to pretend the real change took place. Usually it is: democrats-republicans, and also communists-capitalists, or sometimes north-south, or Catholics-Protestant, etc. So the loyalty shifts between the exposed governments, but behind the scenes - the same old gray eminences cheering up the stupid and worried masses and regaining their confidence.

Exactly. Thank you for clarifying and adding to my point

And so it continues...
Unemployment extensions expiring | 2010 not looking good for millions

Congressional sources cite that H.R. 4213, the bill that includes numerous items, including unemployment extensions benefits, has but a 50-50 chance of making it to the House floor today for vote.

With both Houses set to take Memorial Day “weekend” off, stretching from May 31st to June 6th things are not looking too bright for the millions on unemployment waiting to hear if they, too, will receive the same benefits as their predecessors. A large group of unemployed did receive the full allotment of “99 weeks”, however, those newly in the system may not gain these same extensions.

In addition, the summer schedule for Congress includes an Independence Day recess from July 5 through July 11. The House and Senate return for a short period. Then, they will enjoy their annually scheduled “summer recess” in August.

For those currently within the unemployment extension Tiers, or those who should have had the same rights individuals as those who did receive 99 weeks of assistance, it would be foolish to state otherwise; currently the outlook for passage of H.R. 4213 for individuals and families is extremely gloomy.

People the real taxes are coming our way, they are to start in 2011, or how do anybody thinks that the HCR is going to be funded.

Also the real reason for the HCR was no only to bailout the private insurance but to raise taxes on entitlement programs so the government can finance SS and Medicare.

We have not seen anything yet but is coming slowly but surely.