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

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posted on Jun, 9 2010 @ 06:04 AM
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Well i've been holding my nerv in sticking with euros whilst all these horor stories about europe breaking up have been floating around exspecting the markets to turn on the UK and it starting to look that way.

I'm long on the USD but only in the form of silver eagles because at the end of the day it's physical assets and not bits of paper or digits i want when they try to force amero on us all.

P/E's of 14-15 to one is all very fine during normal times but we are not in normal times and need to build in a risk factor and too many companies over inflate the tangable assests based on peak property prices so don't expect that saftey net to save you.

Call me stupid if you like but to me we are back to where we were in 2008 with all these experts telling us all is fine but now we owe a lot more money than we did before the bankers bailout and all that happened with the money was more gamblings with next to none helping to create real jobs in the economy and we simply can not play another round of that game and it's just pissing money up the wall.

Export of goods feeds the economy and all we get in the UK is more and more none jobs in local goverment that stops any new company setting up because they are tied up in red tape and why set up a new company when your taxed to death to pay for all these public quango groups.

Sorry to bore you with the real economy here.




posted on Jun, 9 2010 @ 07:33 AM
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Well the Goldman Sach gold boy found its voice once again, as today he will pose for the OPs in front of the financial committee.


Bernanke: Recovery Won't Feel “Terrific

The economy will avoid a double-dip recession, but unemployment will remain high for some time, making for a very painful recovery for some, Federal Reserve Chairman Ben Bernanke said Monday.

Speaking at the Woodrow Wilson International Center for Scholars, the nation’s top bank struck an optimistic tone when speaking about the shape of the economy emerging from the worst crisis since the Great Depression.

"There seems to be a good bit of momentum in consumer spending and investment," he said, according to multiple reports. "My best guess is we'll have continued recovery, but it won't feel terrific."


So, he in other words is telling that like a burn in the skin that hurts like crazy but the doctor keeps telling you is getting better, so better even went it still hurts, or something along the lines


www.economyincrisis.org...



posted on Jun, 9 2010 @ 07:57 AM
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reply to post by marg6043
 


aka: Corporations are gunna be fine, banks are gunna be great.. ehh.. average person will probably suffer and nothing will get better for them ... but hey, the recessions over boys!



Also in the news: Greece at 75% risk of defaulting.

www.bloomberg.com...



posted on Jun, 9 2010 @ 08:26 AM
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reply to post by Rockpuck
 


That is not surprise at all, the unsustainable debt that they most fall under in order to finance their nation is too much, I guess their infrastructure that has gone for sale is not enough to save the day.

Sad.



posted on Jun, 9 2010 @ 08:29 AM
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Spain small banks to fall under the weigh of bad loans and unable to get loans, like in the US they will be taken by big corporate banks monopolies.

How the ECB is taking over nations


Spain Small Lenders Struggling for Funding,

"The smaller Spanish banks cannot finance their positions in (Spanish) government bonds through the repo market outside Spain. This shows just how little appetite there is for Spanish government risk outside Spain," the financial source said.

"And the problem is these small lenders do not have access to the interbank market so basically they are tapping the ECB to cover short-term funding needs," the source said.


www.cnbc.com...



posted on Jun, 9 2010 @ 08:30 AM
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reply to post by GreenBicMan
 


The liquidity argument is nothing but moose droppings. Where was the liquidity on May 6th? Why do we have historically high volatility now if these short term trades are actually suppose to provide liquidity and sooth the markets? It is all a lie and our markets won't be on solid footing until we put serious limits on this casino action.



posted on Jun, 9 2010 @ 09:03 AM
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I think the historic volatility has a lot to do with the historic nature of the ongoing global financial crisis. Take a look at some charts in the 30's. They were also extremely volatile.



posted on Jun, 9 2010 @ 09:30 AM
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Here's your God from burning shroud


Recovery can survive coming fiscal drag: Bernanke




"Although the support to economic growth from fiscal policy is likely to diminish in the coming year, the incoming data suggest that gains in private final demand will sustain the recovery in economic activity," Bernanke said in remarks prepared for the House Budget Committee. Budget experts project that, under current trends, the federal budget deficit will shrink by as much as $500 billion next year.





It will take the economy a significant amount of time to restore the 8.5 million jobs lost in the crisis, he noted.


www.marketwatch.com...

Light your lamps people


encyclopedia.thefreedictionary.com...



posted on Jun, 9 2010 @ 09:30 AM
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Originally posted by sligtlyskeptical

The liquidity argument is nothing but moose droppings. Where was the liquidity on May 6th? Why do we have historically high volatility now if these short term trades are actually suppose to provide liquidity and sooth the markets? It is all a lie and our markets won't be on solid footing until we put serious limits on this casino action.


There was no liquidity on May 6th that is the point. There was just mass selling with no bids from day traders or institutions everyone just left the market. That is what happens when there are no day traders and computers trading. We still don't know what REALLY happened on that day, so we can't blame it on this or that.



posted on Jun, 9 2010 @ 10:49 AM
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reply to post by MrDarlingFace
 


Exactly...this issue of day traders and swing traders and naked shorting has been looked at over and over again. What people don't understand is that the more people are active in a market looking for short term profit opportunities the more buying and selling there will be providing price preasure on both sides of the action. Look at what happened in the housing market when buyers couldn't get credit and liquidity dried up. Prices plumeted.

I hope that regulators keep their heads on straight when they aproach the markets and don't start banning good practices that keep the markets moving well.



posted on Jun, 9 2010 @ 11:02 AM
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www.reuters.com...
U.S. debt to rise to $19.6 trillion by 2015

The report that was sent to lawmakers Friday night with no fanfare said the ratio of debt to the gross domestic product would rise to 102 percent by 2015 from 93 percent this year.



posted on Jun, 9 2010 @ 11:24 AM
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Oil spill: BP shares continue to lose ground


Shares in BP fell a further 6% on Wednesday amid fears that it will cut its dividend to help pay for the Gulf of Mexico disaster.

Shares in the oil giant were trading at 384.6p by mid-afternoon.

April's oil spill has sent shares in the company tumbling. Before the disaster, they were trading at 648p.

On Tuesday, BP shares lost 5% after US President Barack Obama said he would have fired chief executive Tony Hayward over remarks he made.

Mr Hayward made comments such as "I want my life back" and called the Gulf "a big ocean" in the wake of the disaster, which killed 11 people...


Source

Poor guy must be working between golf breaks. I say he can have his life back — that way something might get done.

(And the share price might just steady.)



posted on Jun, 9 2010 @ 12:06 PM
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Well BP is spending very large sums of money everyday in damage control, keeping the media from showing the results of the ecological disaster and paying out private goons to keep American citizens off the beaches, then is that 3 to 5 thousand dollars a day pay out to keep the fishermen and business along the coats quiet.

Money talks and BS walk as usual, many Americans will sell their souls for money. . .



posted on Jun, 9 2010 @ 01:11 PM
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reply to post by marg6043
 


It's not just Americans, marg!

And if this site's anything to go by there's a fair few folks out there who may yet tell them what they can do with their money — and speak out.

Go USA.





posted on Jun, 9 2010 @ 02:14 PM
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reply to post by pause4thought
 


Oh, my gosh, Pause4, the hints of BP bankruptcy is now hitting the markets today, it seems that the amount of money BP will be spending in all the "whatever" they are doing in the gulf is more than expected, even when they are very profitable company around the world the lost in the Gulf is too much to deal with.

So they are actually looking into a bankruptcy deal that has to do with the gulf drilling for them to stop the bleeding of profits.

This will set caps to what people will get in the law sues that are already been planned from government to civilians against BP

I guess the "hints" and "talks" are actually real.


He, he, is good to listen to what goes behind the scene after all.



posted on Jun, 9 2010 @ 03:24 PM
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reply to post by marg6043
 



sure BP might lose 20$billion on their Gulf of Mexico blowout...
but they are still touting th premise that the 10% dividend is still gonna be there !!

I alluded to BP getting included as a USA asset as a NGO
(non government organization) in another thread... so i won't bore youse with it,

errr... what was i addressing?

Oh Yeah... the market is in a sustained down-trend
no mattter the fluxuations during the market hours... yo up most of the day but at closing we could see the 'trend' of exiting 'equities'

but not seeking gold as a safe haven... I'd guess the smart money sees the market declining to ~8500 with a lot of dead-cat bounces...
then exp;oring new downs in the 7k-6-k range as market players use their only leverage : the 'shorts' to keep their head above water as they try to game the system !

the wind-down has begun, so cash out your positions in 401k's, IRAs etc, as the tax rate increases in all aspects (LTCGs...Death taxes...dividends...and an added 3.5% surtax on dividends included in the Øbama agenda in 2011 !

Whatta neo-fascist/socialist/EU copy-cat this dude (unpopular president)
is turning out to be... !!!



posted on Jun, 9 2010 @ 04:51 PM
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reply to post by St Udio
 


Yes the talk of the wave of taxes that are to hit main street America is already been drilled slowly but surely into the minds of the American people.

Yes we may be heading to a road of austerity set by a government that doesn't know how to manage a nations debt.

While we be hit the most those in the wealthy ranks have nothing to worry about.



posted on Jun, 9 2010 @ 09:00 PM
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St udio are you serious about your stock market comments......i was thinking this was a serious threat.....

i posted in another thread about this and was surprised (not comforted) to read your comment

i post like every few weeks now....but it seems that the markets and economy are in a high danger zone

I would be a big proponent for a new larger stimulus to kick the can down the road another couple quarters since i like my life! and b/c we have the reserve currency so we could monetize the debt and do so with low monetary inflation bc the banks aren't gonna be lending it .....they will be saving for the CRE down turn in (2011-2013) as well as storing more excess reserves at the fed which earn 1% interest. but this belief is waning since some authoritative body (can't remember name) came out and said NO more stimulus bills like last week or something) although this could change in the face of a crash and economic tanking.

People should sound the alarm on the markets and the crash this one may not have such a nice bounce back......wake the F Up peeps....there will always be nay-sayers but there is no stop gap for the main street economy in the current situation.....our best hope is for the fed's to buy stocks and do another stimuls and keep this charade going.



posted on Jun, 9 2010 @ 11:26 PM
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reply to post by sligtlyskeptical
 


Liquidity was the problem.

What happened was a few HFT Boutiques (AKA LIQUIDITY PROVIDERS) shut down when their models were not stacking up.

That shouldn't be allowed to happen anymore, but it had to happen once to see the negative results that do happen when there is no HFT going on when all the bids drop off the floor.

I guess moral of the story is always have a bid 59.9% under the best national bid in order to be filled by NYSE or NASDAQ in times of panic. 60.1% and your trade will not count.



posted on Jun, 10 2010 @ 12:16 AM
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reply to post by GreenBicMan
 


So it was all retail players who took the market down that day? The market is now so crowded with short term sentiment that all anyone has to do is fart and it sets off a chain reaction. The truth is the players that did leave the game that day did so because their concern is not to give the markets liquidity but to skim easy money off the top of most trades. Flash traders and trading syndicates are a cancer on the markets and need to be eradicated. Since the SEC won't do it then Congress needs to do it through taxation or a 1/2% surcharge on every trade.




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