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

I don't think so. It seems this was just another hick-up day.
DOW is now barely above water, +13.
+4
-3





[edit on 6-7-2010 by DangerDeath]

It seemed that they started the day with the usual pump for the sheeple and maybe some purchases between themselves to sell it. But as the day wore on and bad numbers started to sink in it returned to its downward trend. Only more purchases by the PPT were able to stem the tide in the usual 'late rally'.

The only hope for equities is more printing. Of course we know that it's really not hope at all, just smoke and mirrors, but most don't. Think Zimbabwe stocks. So what's old Ben gonna do? My bet's on more bail-outs and printing.

As for my market investments, I'm in with my 401k stuff and consider it just gamblin' cash.. no loss if i loose it.. since most of it is just employer contributions, got my real savings in physical metal.. we know there still pumping dollars into the system left and right, and they will do more to prop it up.. so I'll be sitting just fine when the dollar collapses and real money is whats preferred.. Just like any other economy where the currency explodes.. the only true money is barter or commodities, those have always been real money since the dawn of man.. and will be till the dusk on mankind.

The current currency debacles have been messing with commodities lately, however investment is long term, not making a killing over night. Just like surfing you surf for the set, not the single wave.

Another meanlings Market rise

remmeber they are a following trend with no hopes of recovery.


The reason for the rise on the markets is because the goverments are demanding it.

Bonds are signaling that the recovery is in trouble. The yield on the 10-year Treasury (2.97 percent) has fallen to levels not seen since the peak of the crisis while the yield on the two-year note has dropped to historic lows. This is a sign of extreme pessimism. Investors are scared and moving into liquid assets.

Graduates warned of record 70 applicants for every job

Unions are warning that any move by the government to put in place stricter law on strike ballots will be "declaring war" on trade unions.
In the UK.

London's homeless population continues to increase as a large proportion of migrants from newly established EU states have been unsuccessful in finding work.

Chairman of Commons health select committee Stephen Dorrell is warning against protecting the £100 billion NHS budget.
Let's cut the health care budget!

British government is saying that it wants the number of inmates cut to save billions of pounds each year while planning to make room for 14000 more prisoners by building nine new jails.
Cut the number of inmates...more like cutting the budget for them but having more prisoners...that means decreasing standards for those in jail. Instead of being 2 by cell, they gonna be 4...

200,000 more homeless due to cuts

Studies suggest British male university graduates are less motivated in their jobs and face greater unemployment risks than their female counterparts due to "general hopelessness".

As the pound continues to fall against the dollar in terms of value, the US companies become more daring to launch takeover bids for some of Britain's big name companies such as BAE Systems and AstraZeneca.

Britain's economy fall into recession again
Well duh.

Greece faces more anti-austerity strike


I think there's more news about the UK economy in Iranian news than in UK news...

Illinois workers getting pay raise while at the same time the state is bankrupt? What?

Springfield, Ill. - More than 40,000 unionized state workers got a pay raise last Thursday, bringing to 7 percent the amount they're gotten since last year. These same state employees are in line for another 7 percent by next July 1st, all at a cost of a half-billion tax dollars a year.
7% pay raise? EVERY YEAR? WHAT THE HELL PEOPLE?



And now I can't access the monthly deficit on the US treasury website... cover up? They should have published it by now for June numbers...

[edit on 7-7-2010 by Vitchilo]

We're now seeing a bounce that has been expected for a while now, don't know how long it will last but when it's finished my only guess is it'll come crashing back down. The markets hit some major support lines yesterday which is why we saw a bit of a bounce towards the end of the day. Will be interesting to see what happens once the bounce is over.

[edit on 7-7-2010 by SpaceMonkeys]

Baltic Dry Index Slides 5% To 14 Month Low, 30th Consecutive Day Of Declines

Economy recovery uh?

US banks face "untold problem" as muni debt swells

Oops?

Asian stocks fall, Yen strengthens on slowing US service industry growth.

Now if the US service industry crashes...the only job left will be government ones.

China has significantly increased its purchases of Japanese govt bonds as it diversifies its foreign-currency reserves.

China is nuts... Japan govt bonds? Seriously? Seems like a waste of money... or are they really in for the money or more in for the ``nuclear option`` against Japan?

Iceland’s lenders stand to lose as much as $4.3B, after court ruling last month found that some foreign loans were illegal.

Another economic crisis for Iceland?

Confirmed - Eurozone "Stress Tests" Will Not Include Any Default Scenario
What a stinking joke.

And the biggest propaganda news for today...

Retailers' Sales Rise Most in 4 Years, Overcoming Job Concerns

Sales probably expanded at an average monthly rate of 4 percent in the first five months of the retail fiscal year that began Jan. 31, the biggest gain since 2006, the International Council of Shopping Centers trade group said in advance of its June report tomorrow.

Keyword here.... PROBABLY EXPANDED. PROBABLY... Meaning... WE JUST MADE IT UP SO THE DIJA could go over 10k again!

Ahhh right above 10k .. common people, you knew it wouldn't stay under 10k for long, don't act all surprised like.. They even went all out, getting above 10k in a single day!

Wells Fargo To Cut 3,800 Jobs
BOOHOO. Working for the scum who raped the American people, you deserve worse than losing your job.

Up to 400,000 workers could lose jobs in the next year as states, counties and cities grapple with lower revenue and less federal funding, says Mark Zandi, chief economist for Moody's Economy.com.

Nearly not enough.

reply to post by Rockpuck

Man, I don't know you at all. I am going out on a limb here.

I am curious what YOU think.

It seems to me that the NYSE is manipulated in the extreme, and that could be for a number of reasons besides short term profit for the major players.
Most people look at the stock market as an indicator of how the economy is doing. If certain "public" entities in the government can take over major industries, like major energy companies, car manufacturers, and so on, and the stock market goes UP,
won't most people think that is a GOOD thing for the "economy"? Even though it is NOT in their best interest, or in fact, anyone other than a very small group's best interest?
Aren't these markets just a big, manipulated distraction now? I am not saying the market has always been severely compromised, but clearly (to me) the emperor no longer has clothes. But, most people are STILL clueless about the market, and thus, can be manipulated into giving up anything and everything.
What do you think?

I still can't access the monthly deficit for June on the Treasury website... now I maybe just found the cause...

The nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground.

The one-day increase for June 30 totaled $165,931,038,264.30 - bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years. The figure works out to nearly $1,500 for every U.S. household, or more than 10 times the median daily household income.

That's pure INSANITY.

166 billion is more than the gdp of 145 countries!! And that was added IN A DAY IN DEBT!!!

INSANITY I TELL YA.

And if this was only for a day, can you imagine the real deficit for June? And what it will be for July?

I think a total deficit of 1.9 trillion for 2010 was optimistic...


And our real estate market crash has finally begun...
Vancouver Home Sales Plunge 30% -- Now Comes The Price Collapse

[edit on 8-7-2010 by Vitchilo]

More Nonsense

I find more amusing that for ever time that the market rises they always seem to find a story to back it up with.


Remember when the market fell?

www.cbc.ca...

reply to post by Agent_USA_Supporter


haha, I totally agree. I was just thinking this today when they said something like ... 'market rallies on renewed optimism.' Um, where did this magical optimism come from in a couple of days ?

edit: they couldn't be trying to lure us into buying falling stock could they ?

[edit on 8-7-2010 by ppk55]

reply to post by ppk55


didnt the market go higher like 3 weeks like in this stage? and all of a sudden they went nada?

I am not sure if it was a 3 day rally or something.

I am telling you someone either the rocthchild or the goverment is telling the markets sell and make false news stories about the job market.


Jobless rate is at 10% or even at 20%.



[edit on 8-7-2010 by Agent_USA_Supporter]

I think the US needs just a few treasury notes...

01.07.2010: $ 145.9
08.07.2010: $ 113.8
15.07.2010: $ 155.3
22.07.2010: $ 109.4
29.07.2010: $ 142.9
31.07.2010: $ 34.4

That is in BILLIONS.

Only 701.7 BILLIONS for July only... no big deal right?

reply to post by Vitchilo


Can you explain the above for those of us who aren't so economically inclined? Does this mean the money supply is being massively inflated this month or what?

Thanks.

So many treasury bills in so little times means the yields are gonna go higher, meaning the interest on those ``debts`` will go higher... for example, the average interest on the debt is 3.141%. It's been going down a little since February...because the euro is imploding and somehow people still believe in the US dollar/economy. Now if you remember, the interest on Greece debt went as high as 30% on the markets...the IMF made them a deal at 3.5% for 30 billion and if they wanted more they could have it at a higher yield. The setback for this deal is that the IMF controls their economy.

Now if the US keep doing that kind of BS, investors at one point will stop believing in the US...after all it already begun, the demand for 2 years treasury bills fell to record lows, while the 6 months treasury bill demand went up around 14% in a day a few weeks ago. People buy those because they are short terms. They only bought US treasuries because there's ``no other alternative``...of course there's precious metals, but those are the devil according to most economic teachers so...yeah. They only believe in the US for the short term.

If they keep doing this, someday the interest rate on those will start rising... and those treasury bills have an expiration date. They will have to be paid.

But for now it's a good strategy since the interest on those treasury bills is only 0.221%. So if you get more than that in GDP creation using the money, you are a winner. But once they start to rise... then you are screwed. And IMO that'll happen as soon as investors figure out that the US is screwed, or that another big economy rise up... China is in trouble, the euro zone is in trouble, Japan is in trouble... The US, by putting everyone else in trouble, saved itself. If it would have been only the US in trouble, the US would already be bankrupt.

According to the market data I've seen in March, markets were predicting the interest rate on 10 years treasury bonds to rise by 2% within a year. We'll see if that happens.

But still, let's do some maths.

Let's do a scenario for July 2011.

US debt on July 2011 : 15 trillions.
FED interest rate : 0%
Average US debt interest rate (right now it's 3.141%) : 5.2%

5.2% X 15 trillion : 780 billion $ in interest for a year... The US government total income for 2009-2010 was 2.381 trillion.

780 billion/2381 billion = 32.75% of the federal income would go to pay JUST INTEREST on the debt...

That is pure insanity.

Now if the FED raise interest rate, it's gonna be more than 5.2%... if the world economy recovers and the US does not, it's gonna be higher than 5.2%, if China stops buying US debt, it's gonna be higher than 5.2%... ect...

If you remember, during the height of the crisis in the 1980, the yield on US bonds was around 30%!

Today, that would mean 4.5 trillion just in interest/year. That would mean 188% of the federal income... JUST IN FREAKING INTEREST.

And that would only be the FEDERAL bonds... then you add the municipalities bonds, which are presently collapsing... the state bonds, the commercial bonds, ect...

Everything is affected when it starts.

It can get a lot worse than what it is now.


Or maybe I just totally missed the mark.

[edit on 8-7-2010 by Vitchilo]

reply to post by Vitchilo


So basically, it'll take a miracle for the U.S. to still be around in say.. 24 months or so?

Originally posted by unityemissions
reply to post by Vitchilo

 

So basically, it'll take a miracle for the U.S. to still be around in say.. 24 months or so?

Yep or another crash abroad.

It seems Canada real estate market has started crashing in June. 30% less sales in home sales in Vancouver.

Canadian exports are also hurts since half of the GDP is exports and 90% of those go in the US... and since demand has crashed... well you know what that does.

The only, and I mean seriously, the only market going strong... for now... in Canada and where I live, is the construction/housing market.

Lots of people are moving here... Once this is gone, it's over. That and government jobs.

And probably half of the city where I live work in some ways for the government. We are more socialist than Greece. And we are really in debt. It's just a matter of time...

Once it happens, we'll have 30% unemployment in my city... at least. And hundreds of thousands without pensions.

And my city is the second biggest in the province.


Anyway.... Goldman Sachs, by being the little crooks they are, kinda ``helped`` the US by going in Europe and screwing them too. If they hadn't done that, nobody would be buying US bonds and it'll be already over.

So yeah they helped crash the US... but they crashed Europe too and for now investors prefer the US to Europe or China.

[edit on 8-7-2010 by Vitchilo]