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

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posted on Oct, 30 2011 @ 09:33 PM
reply to post by marg6043

Why wait till tomorrow??

The Euro is crashing now.

As it currently stands, this would already be it's 3rd biggest daily drop in the month of October.. with only 15% of the average volume factored in!

posted on Oct, 30 2011 @ 09:36 PM
reply to post by Vitchilo

You know after reading more into the Issue of the MF Global, it seems that since the Moody's downgrade of the firm they were waiting for the bailout results of last week to the EU, but obviously the bailout implementation, implementations and execution will become a harder issue that the whole idea of a bailout was.

I guess the MF saw the bailout for what it was and is too late for them.

posted on Oct, 30 2011 @ 09:38 PM
reply to post by CarlosAranha

Yes but even when the EU is crashing the US markets seems to flourish on bad news.

that is why I can not wait what will happen tomorrow here in the electronic gamble circus that US markets are.

Hell we may reach lucky 13 thousand points on Halloween day.

posted on Oct, 30 2011 @ 10:28 PM
NATO is out of Libya. And now, the money Gadaffi "stole" will be spent on weapons to fuel civil war there... So, yes, markets will go up.

posted on Oct, 31 2011 @ 08:31 AM
So much for the "suckers" rally,

Stocks set to close October with a sharp drop

Wall Street looks set to drop at Monday’s opening bell, as investors look to round off October will a bout of profit taking after four weeks of equities gains.

Stock index futures fell in lackluster volume before Monday’s open, following four weeks of equities gains. U.S. stocks closed out a fourth week of gains on Friday, with the S&P 500 on track for its best monthly performance in more than two decades.

In company news, troubled brokerage MF Global Holdings is near a deal to file for bankruptcy protection and sell assets to Interactive Brokers Group, the Wall Street Journal and Financial Times reported.

posted on Oct, 31 2011 @ 09:00 AM
Italy... uh oh.

Don't Tell The Italian Banks They Got Bailed Out: 3 Out Of Top 4 Banks Trading Below "Bailout" Price

As the chart below shows, 3 of the top 4 Italian banks (Intesa, UniCredit, Monte Pasci, And MedioBanca) are now trading below their levels at the time of the bailout.


European Implosion Resumes With Italy Firmly In The Vigilantes' Sights

The duration of the European bailout was 48 hours give or take. And now reality is back in the form of the following headlines:

* Italian 10 Year BTP Yield surges to all time high 6.153% before ECB intervention takes it back to ... 6.122%
* Expressed in price, they have dropped to a record 90.697
* Italian-German 10 year yield passes 400 bps
* Italy CDS soar 22 bps to 427 bps
* Italy 5 Year yields bonds join drop, yield rises to over record 5.91%

See a trend? The one thing Europe was trying to avoid, contagion spreading to Italy, has happened.

Oooooooops. When yields reach 7%, economists said it would be game over.

Moody's Turns Moody on Europe, Sees Bailout Risks Spreading

Aaa-rated euro area countries: neutral to negative. These countries face increased exposure from European Financial Stability Facility (EFSF) first-loss guarantees potentially being called. Also, the prospect of additional mutual support implies a greater risk to creditors of the countries that ultimately provide support.

Greece getting shafted once again :
Greeks Set To Scream Bloody Murder As Pension Fund Threatens To Recoup €8 Billion In "Illegally" Paid Out Proceeds

Just in case Greece needed one more reason to piss off the angry mob, just waiting to resume its Syntagma square festival, Ekathimerini reports that very soon Greeks will discover that not only are their pension funds about 50% underfunded funded courtesy of the first of many European 'bailouts', but that they will actually have to repay pension proceeds back.

Good luck with that.

October Chicago PMI Misses Consensus Prints At 58.4, Down From 60.4

Time to drag the recession talk back? After three months of the Chicago PMI (a key advance indicator for the ISM), bucking the trend of the other high frequency economic indicators and beating expectations consistently, it is the PMI itself that finally missed consensus, printing at 58.4 on expectations of 59.0, and down from a 60.4 in September. The strength in the report was in Employment, which was the highest in 6 months, while New Orders "erased half of Spetember's gains." Inventories dropped from 60.3 to 54.4, Production was down from 63.9 to 63.4, while inflation returns as Prices Paid rose from 62.3 to 66.0.

Baltic Dry Index falls 2.6% to 1,965 points

EUR/USD moves up around 20pips, whereas Bund futures fell around 10ticks following news of active support from China to debt-stricken Eurozone countries

China finally stepping up to lose more money?
edit on 31-10-2011 by Vitchilo because: (no reason given)

posted on Oct, 31 2011 @ 09:07 AM
reply to post by Vitchilo

That is the problem, talks about a bailout is not the same as having the money at hand, the first one is ongoing the second one may never happen.

posted on Oct, 31 2011 @ 09:28 AM

And some news from France...

French T-Bill Auction Results

- French 13-week T-Bill auction for EUR 4.504bln, bid/cover 1.79 vs. Prev. 1.86 (yield 0.560% vs. Prev. 0.431%)

Bad all around.

- French 20-week T-Bill auction for EUR 1.004bln, bid/cover 3.11 vs. Prev. 3.38 (yield 0.660% vs. Prev. 1.205%)

Good on the yield, bad on the bid/cover.

- French 28-week T-Bill auction for EUR 2.003bln, bid/cover 1.94 vs. Prev. 3.02 (yield 0.687% vs. Prev. 0.491%)

Bad all around.
edit on 31-10-2011 by Vitchilo because: (no reason given)

posted on Oct, 31 2011 @ 10:33 AM
And a rumor (which probably is true) : the ECB this morning bought Italian 10 years bonds but they didn't announce it because it almost had no effects on the yields... it only lasted about 20 minutes. And they don't want to show how ineffective they are because that would screw Europe even more.

We'll see if it's ever confirmed.

Well while this is happening :
The Time To Re-Re-Reban CDS Is Here As Italian Spreads Explode

ITALY 439/447 +38
SPAIN 333/341 +22
PORTUGAL 950/980 +5
IRELAND 675/705 +20
GREECE 53/56 +1
BELGIUM 265/275 +28
FRANCE 172/176 +14
AUSTRIA 139/144 +14.5
UK 81/85 +7
GERMANY 82/85 +7

Italy CDS almost go up by 10% in a day... Germany too... UK too... Belgium goes up more than 10%... Austria +10%...

Europe is back into meltdown territory.
edit on 31-10-2011 by Vitchilo because: (no reason given)

posted on Oct, 31 2011 @ 10:47 AM
reply to post by Vitchilo

but...but....but... I thought the euro zone made a deal and everything was all better now

posted on Oct, 31 2011 @ 10:53 AM
reply to post by Vitchilo

As expected
And the ECB bought Bonds again? Didn´t Germany sort of banned them doing that?

Lets see if we get another Euro-Crisis Meeting before the G20 Meeting on Friday...

posted on Oct, 31 2011 @ 11:16 AM

Originally posted by camaro68ss
reply to post by Vitchilo

but...but....but... I thought the euro zone made a deal and everything was all better now

That's what the imagebox said! The imagebox is all powerful and never lies!

posted on Oct, 31 2011 @ 11:20 AM
The last time the EU cooked up a bailout this was the reaction of one Market watcher and writer.

You have to give it to the European Council. They are pretty good at stitching up impressive looking deals, having lowered expectation to a bare minimum beforehand. But the effectiveness of an agreement should not be gauged by the immediate market reaction, let alone by how the agreement compares with expectations.

After reading this statement, I had to check for the day it was back in July 28, but the way is written just as well could have been today.

posted on Oct, 31 2011 @ 11:27 AM
reply to post by Vitchilo

Wow, that solidifies my prediction that before Greece defaults it's government will collapse.. which naturally would lead to a default..

I believe we will also soon be seeing more and more larger protests in Rome as well..

posted on Oct, 31 2011 @ 11:32 AM
reply to post by Vitchilo

The most interesting Development will be if MF Global turns into a Lehman 2.0 and sets of "The Bomb"

posted on Oct, 31 2011 @ 11:33 AM
reply to post by Shenon

The Germans didn't want the ECB to monetize Euro debts but, no one gave a @!$~! what the Germans wanted. And since Germans are content to sit on their couches and grumble threats about what they plan to do to Merkel in the next election but have not actually shown any initiative to show how pissed off they are.... no one really cares if Germans are pissed. SOOO .. the ECB will monetize debt, lead to monetary inflation that in turn depreciates the quality of life and real wage value of all Europeans because of the actions of a few irresponsible Socialist nations.

posted on Oct, 31 2011 @ 11:35 AM
reply to post by Shenon

Total bank exposure to MF Global was pretty small .. something like $3 billion total. Most likely it will be shredded into pieces and sold for pennies on the Dollar to big banks, who would stand to profit.

posted on Oct, 31 2011 @ 12:00 PM
reply to post by Rockpuck

Hm...pissed of Germans...I don´t think many Nations want to piss us off,again. Wasn´t pretty the last Time,ya know

Anyway,back to Topic:

Demand For EFSF Paper Collapses As World Wakes Up To Post Bailout Hangover

It just goes from bad to worse for Europe, which had been hoping to issue €5 billion in 15 year bonds to finance part of the Irish bail out via the EFSF. Instead, once seeing the orderbook, or lack thereof, Europe ended up slashing the notional by 40% and the maturity by 33%, to a €3 billion issue due 10 years from now. And that is hardly the end of the concessions. As the FT reports, "The bond from the European Financial Stability Facility will only target €3bn, instead of €5bn, and will be in 10-year bonds rather than a 15-year maturity because of worries over demand. A 10-year bond is more likely to attract interest from Asian central banks than a longer maturity. Banks hired to manage the deal are Barclays Capital, Crédit Agricole and JPMorgan." Do you see what happens Larry, when China walks? But so we have this straight, Europe plans to fund a total of €1 trillion in EFSF passthrough securities.... yet it can't raise €5 billion? Just.... Priceless.

What did Vitchilo say? "Ooooooooops"

As for the levels, regulars know that EFSF spreads have blown out to records lately, meaning that as less demand materializes, spreads will have to go ever higher, in the process obviating the advent of reality courtesy of a French downgrade. It seems the market has already priced it in!

We´ll see. Looking at the CDS today,it seems there are a few Downgrades coming. Lets pray that France is one of them...

posted on Oct, 31 2011 @ 12:45 PM
Uh oh...

Remember this?

USA was 3 hrs away from Economic, Political Collapse in September 2008

According to Rep. Paul Kanjorski (D) (PA-11), in mid-September of 2008, the United States of America came just three hours away from the collapse of the entire economy. In a span of 2 hours, $550 billion was drawn out of money market accounts in an electronic run on the banks.

Rep. Kanjorski: "It would have been the end of our economic system and our political system as we know it."

Now let's see what's happening...

Here Come The "Unintended Consequences": Stock Futures Liquidity Dries Up Post MF Bankruptcy

Just like with Lehman, when it took 3 days for the full consequences of the bankruptcy to manifest themselves in the form of a complete freeze of money markets, so too now we are starting to see the same phenomenon following the blow up of one of the world's largest exchanges. The first observation comes courtesy of Dow Jones which informs us that the MF Bankruptcy has "devastated stock futures liquidity." Specifically, "MF Global's departure from the clearing scene has "devastated liquidity" in stock index futures, a long-time CME floor broker said. He estimated about a third of the pit population is missing. On a normal day, six or seven filling brokers stand on the top rail. That's down to three.

Uh oh?

posted on Oct, 31 2011 @ 12:52 PM
reply to post by Shenon

Indeed, makes no sense.

What also doesn't make sense..

Force banks to write off 50% of the capital on Greek debts, risk a derivative backlash, drastically underfund the already underfunded Pension programs in Greece which, in turn, will lead to huge debt issuance's that will lead to Greece issuing up to another $100 billion Euro's in the next two years to cover those funds ....

When out of that $1 trillion "bailout" fund ... they could take $240 billion Euros and pay off all non-Greek creditors.. without slashing capital, without underfunding underfunded programs, without risking derivative backlashes, and without damaging the entire European bond market by scaring off private investors who don't want to risk loosing 50% of their capital in future cases in PIIGS markets!!!!

And still have $760 billion Euros left. Which could pay off the entire national debt of Ireland and Portugal as well..
I mean .. they're going to print the money anyways, to give out in tiny portions, why not drop the monetization nuke of the century and eliminate the debt all together?

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