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

reply to post by KingAtlas


Perhaps, but we got the MF scandal to deal with, this will bring some numbers down in the DOW volume because speculation, the markets do not like when things do not look smooth, earnings is one thing but volatility is another.

Our markets are very sentimental, remember that MF is not trading also they are now frozen.

Yes, the situation at MF won't be resolved for months though.


It is hard to predict what will happen with the market, its all speculative.

With Mf not trading, it will lessen the money in the market, but it also gives advantages to offshores.
I think it will balance out until after christmas. The thing is this time of year everyone is really hungry for those end of the year gains.

Its not a time when you see alot of crazy trading. Usually comodoties, and tech stocks. Those markets aren't doing so great.

best tech stocks 2010

top ten tech stocks for 2011

Now if you look at these companies, the big difference is the personal tech device market.
In 2010 there were alot of new tech that everyone wanted, which helped at the end of the year, but this year it's very slim.

So I mean you could be right. It is really tough to say.

Maybe it's just me, but if everyone on the planet is focussing on the assertion that this Greece referendum thing is going to blow the world apart in a nasty evil horrid dastardly way, sure makes it easier to gloss over the other stuff going on . . . like a company that is chin-deep in dog-turd investments paid for by filching funds outta their customers’ accounts right and levereging at 80:1, right under the noses of regulators around the globe, . . . and now that company is about to go belly up and in so doing will expose who knew what, when, where and how . . . and who benefitted the most.

Schmoke and mirrors . . . bong and a blintz . . . it’s all that laughable as is the fact that through all that's gone on in the last half decade, the economic sphincter we call Wall Street somehow always remains the twinklin' starfish of profit.

Hooey, I say.

Complete, utter hooooey.

reply to post by GoalPoster


Well some peopel are paying attention.

As for wallstreet, they aaren't going to be making much money in the near future; that is all the money is going into long term bonds and currency.

Also, the greece situation, will have a large effect, and because of it, is why alot of people are looking more into these companies and what they are doing.

Overleveraging in a problem in all the financial sectors, that is why every loss is exponentially larger than it should be.
Almost all the big financial companies are down right now.

reply to post by marg6043

Europe shocked by Greek referendum on bailout deal

Yeah well they can't allow democracy, that would kill the EU.

Next up: the army arrives in full party regalia to pay the capital a visit

So they've gone total fascist on the Greek uh? When do we invade?

"Mr. Papandreou is dangerous, he tosses Greece's EU membership like a coin in the air," said Yannis Michelakis, spokesman for the opposition New Democracy.

Really? Papandreou has won some big points back with me when he proposed that referendum... way to make all the fascists get out of the woodwork.

such as parliament's vote of confidence in government on Friday.

So the Greek government could fall on Friday? With all the puppets in the Greek government, I bet Papandreou, after being a man for a few minutes and proposing a referendum will get his butt kicked by the others shills. I fully expect the Greek government to fall.

Also november 10th should be interesting, with the republican event on the 9th.

What's happening on November 9-10?

Other important dates :
November 1-2 : FOMC meeting.
November 3-4 : G20 meeting in Cannes.
November 18 : government has no more money (unless they pass another budget continuing resolution)
November 23 : supercommittee deadline.

* Italy CDS Rise 45.5 bps to 491; update +53 495/505
* France CDSs rise 14 bps to 190; update + 17 191/196
* Spain CDSs rise 33.5 bps to 374.5; update + 41 375/385
* Portugal CDSs rise 57 bps to 1,028; update + 71 1015/1055

Spreads are getting ugly...

And the hits just keep on coming, with the Greek government now just one vote away from total collapse

* ONE GREEK RULING SOCIALIST LAWMAKER QUITS PARLIAMENTARY GROUP - STATE TV MORE - RTRS
* GREEK MP'S MOVE REDUCES PM PAPANDREOU'S MAJORITY TO 152 OUT OF 300 DEPUTIES - RTRS

As a reminder 151 votes are needed to pass a vote. But that's not all:

* Senior member of Italian opposition says party has asked president Giorgio Napolitano to form new government before G20 summit in Cannes

Oh yes, Italy, the one place everyone was terrified about before Greece stormed back to center stage with a bang. Result:

* ITALY 2-YR BOND YIELD SPREAD VS GERMANY HITS NEW EURO LIFETIME HIGH ABOVE 500 BPS

Mwahahahahhaa

And the worst so far :
Italian 10 Year Bond Price Almost An 8 Handle
Kaboooooooooooooooooom. Italy is screwed. Bye bye. Finished. Over. Burned.

Société Générale (SocGen) is down 20% since October 29...

Europe is DONE....... now who's the first to get out of the EU?

From Reuters: "Greek Prime Minister George Papandreou had not informed his Finance Minister, Evangelos Venizelos, he was going to announce a referendum on the latest EU aid deal, a Greek government official said on Tuesday.

Afraid he was going to be stopped from making the referendum plea? He probably figured out that almost everyone in there are a bunch of corrupt bastards. A little too late perhaps.

Intessa Sanpaolo celebrates by being halted down over 14%..... and Banco Popolare.

Two of the biggest banks in Italy. Intessa : 658 billion in assets... Banco Popolare : 135 billion in assets. Lehman, for example, had 639 billion in assets when it failed...

Russia stock market was halted... ooooooooops.

Peter Tchir, of TF Market Advisors, puts it best this morning: "Everything I have read over the past couple of weeks coming out of Italy, tells me that if there was one country prepared to "screw" the Euro and go it alone, it would be Italy.

The yield on the 10 years italian bonds are now 10%!!!

* ANOTHER GREEK RULING PARTY LAWMAKER CALLS FOR ELECTIONS, NATIONAL UNITY GOVT - GREEK MEDIA

The greek government just failed.

Former PBoC Monetary Policy Committee Member: "Beijing Will Not Ride To Eurozone’s Rescue"

+1

Manufacturing ISM Follows Chicago PMI With A Miss; Declines To 50.8 On Expectations Of Rise

Ooops.

Neat :

RT @Alea_: greek gov bonds maturing 03/2012 ==> yield 510%

reply to post by Vitchilo


And Merkozy are going to meet tomorrow in Cannes ahead of the G20 Summit to discuss this new "Developement"

Expect more Crisis Meetings in the near Future as the Situations worsen even more,if thats even possible. Still waiting on the French Downgrade though.

"The pace of growth in the U.S. manufacturing sector unexpectedly slowed in October, in line with trends in China, Britain and Canada in data reported on Tuesday.

The slowdown in the U.S. manufacturing sector followed data on Tuesday showing similar trends in Canada, Britain and China suggesting the pace of economic growth is continuing to slow.

This is all from an article in Reuters- Why does every article I read sound like economists are surprised?

reply to post by AuntB

This is all from an article in Reuters- Why does every article I read sound like economists are surprised?

Because they live in their own dream world where every bad sign is a sign of recovery. They drink their own kool-aid and love Bernanke.

All those ``mainstream`` economists are a joke.

The whole concept is exhausted. There is no way it can be saved. And since people will live and die for it, I expect weapons will be drawn.

They just don't know how to handle this.

reply to post by DangerDeath


Yep. You can come to Canada if it gets too hairy in Germany...

US deficit panel heads to warn deal cutting USD 1.2trl won't solve fiscal woes

First truth out of the Supercommittee.

"MF Global filed for bankruptcy protection on Monday, putting a sudden end to Corzine's drive to transform the more than 200-year old MF Global into a mini Goldman by taking on more risky bets on euro zone sovereign debt.

MF Global was 200 years old? Didn't know that.

"We're sitting out here with risk that we can't cover," said Jonathan Barratt, head of Sydney-based Commodity Broking Services. MF Global was one of the largest participants in the country's agricultural futures market. And it is all only going to get worse as the liquidity outflow avalanche is realized, following the market's most recent distraction with Europe.

Thanks to MF Global, the Lehman moment is getting even more likely with each passing hour.

reply to post by Vitchilo


Wow, are we really at that moment where we are dangling off the cliff by the tips of our fingers? This is un-real. I guess I'll start making my last minute preps

reply to post by marg6043


That is true . They are indeed . I have to say what worries me , is the fact the markets seem to be inflated when the money is promised rather than when it's in hand. I think it's a house of cards and soon to come down.. My opinion of course.. s/f op

Well another big thing could destroy this whole thingeee...

It was even on CNBC, the biggest liars out there about the true state of the economy...

Saying that if Italian bonds reach a 450bps difference with German bonds, the exchanges will ask for more money requirements from the banks holding the bonds... and that will put (most if not all) banks bankrupt since they don't have the liquidity to pay the requirement... basically just like happened to MF Global.

Could be fun. Real fun. I bet if that happens, we'll see the ECB go all in and give hundreds of billions to the banks before they implode.

ECB Buying As 450bps ITA Spread Becomes New Maginot Line

As we detailed 11 months ago, LCH.Clearnet now stands at the fulcrum of today's price action in Europe as the critical 450bps spread to Bunds on European sovereign debt - which will trigger considerable rises in margin requirements

Margin calls are a bitch... and if that happens to Italian bonds, most banks in Europe are done.

Forget these yields they are old.

Whoa, things are falling like a house made of card or just the domino effect that started in the US with the derivative trash is finaly finishing its round and heading back home.

Either way, our way of life, our finances and the way we always rely on our economic system will be changed for ever after what happen since 2008, you can not stop a sunami.

The EU bailout never happen and probably never will not without Chinas help and now with Greece changing their stance is too late.

Here comes the protection team to save some of the loses that many countries will have after the shockwave today and the EU zone.

IMF May Create 6-Month Credit Line for Countries Facing Shocks

The International Monetary Fund may create a six-month credit line for countries facing shocks, officials from Group of 20 governments and IMF said, as the European debt crisis rocks global financial markets.

The amount would be capped at five times a nation’s contribution to the Washington-based IMF, known as a quota, making the credit line best suited for smaller countries, the people said. It is likely to be endorsed at a meeting of G-20 leaders this week in Cannes, France, where European nations will seek financial support from other members, said the three officials, who declined to be identified because the plan hasn’t been made public.

www.businessweek.com...

IMF May Create 6-Month Credit Line for Countries Facing Shocks

Well they should... Greece 6 months bonds yields are at 510%+...

And the corrupt greek government is doing everything it can to avoid being overthrown :
Is A Greek Military Overhaul An Attempt To Prevent A Coup?

It is understood that the personnel changes took many members of the government and of the armed forces by surprise.

A coup by real patriots in the army would be NEAT... they could take over, default on all foreign debt and tell the Euro shills to suck it.... But I bet if that happened, NATO would be invading Greece ``for democracy`` of course.


About the Italy-Germany spread... it's at 446 points... the limit is 450 points. If it's broken, they will raise the requirements and the banks will go kaboooooooooooom. EDIT : it went at 455 points earlier, but I think if it CLOSES at above 450 points then the margins will be raised...

Latest spread at 442 points.

reply to post by Vitchilo


So now, Petros Doukas finance minister declares the Prime minister "mentally unstable" that the bailout will go forward and that the Referendum will never happen, as by CNBC phone interview with Petros Doukas.

So the will of the people is in other words unstable and mental challenged and the EU knows better for Greece.

SOOOO, there you have it the NWO is ruling on Greece.

I smell a coup before the end of the week.

Not a big surprise to all of you...

How US Banks Are Lying About Their European Exposure; Or How Bilateral Netting Ends With A Bang, Not A Whimper

Guarantees provided by U.S. lenders on government, bank and corporate debt in those countries rose by $80.7 billion to $518 billion, according to the Bank for International Settlements. Almost all of those are credit-default swaps, said two people familiar with the numbers, accounting for two-thirds of the total related to the five nations, BIS data show.

The payout risks are higher than what JPMorgan Chase & Co. (JPM), Morgan Stanley and Goldman Sachs Group Inc. (GS), the leading CDS underwriters in the U.S., report. The banks say their net positions are smaller because they purchase swaps to offset ones they’re selling to other companies.

“Risk isn’t going to evaporate through these trades,” Cannon said. “The big problem with all these gross exposures is counterparty risk. When the CDS is triggered due to default, will those counterparties be standing? If everybody is buying from each other, who’s ultimately going to pay for the losses?”

The big banks?

Five banks -- JPMorgan, Morgan Stanley, Goldman Sachs, Bank of America Corp. (BAC) and Citigroup Inc. (C) -- write 97 percent of all credit-default swaps in the U.S., according to the Office of the Comptroller of the Currency. The five firms had total net exposure of $45 billion to the debt of Greece, Portugal, Ireland, Spain and Italy, according to disclosures the companies made at the end of the third quarter. Spokesmen for the five banks declined to comment for this story.

Of course.

The CDS holdings of U.S. banks are almost three times as much as their $181 billion in direct lending to the five countries at the end of June, according to the most recent data available from BIS. Adding CDS raises the total risk to $767 billion, a 20 percent increase over six months, the data show.

767 billion uh? No biggie.

When prices of mortgage securities started falling in 2008, AIG was required to post more collateral to its CDS counterparties. It ran out of cash doing so, and the U.S. government took over the company. If AIG had collapsed, what the banks saw as a hedge of their mortgage portfolios would have disappeared, leading to tens of billions of dollars in losses.

See? Just like in 2008... if, when all this blows up, there's no nationalization of MULTIPLES banks in MULTIPLES countries, most of that 767 billion will be loses on the books of those banks... leading them to go KAPUT.

U.S. banks are probably betting that the European Union will also rescue its lenders, said Daniel Alpert, managing partner at Westwood Capital LLC, a New York investment bank.

“There’s a firewall for the U.S. banks when it comes to this CDS risk,” Alpert said. “That’s the EU banks being bailed out by their governments.

Yeah... till they can't or won't bail out their banks. Then it's Armageddon

As we've seen earlier in this thread (a few weeks back), in most EU countries, the banks are bigger than the GDP of each country they are in... meaning they CAN'T bail them out if they fail. It's just NOT possible.

So when it all collapses, it'll either be, every country in Europe with no big banks or every country in Europe giving TRILLIONS of bucks to all their big banks sending every country in Europe with absurd mountains of debt which will mean it's impossible for them to get money on the bond markets...

Anyway this is a big cluster**** and the end is very very very near. I don't think we'll make it to the end of the year.

reply to post by Vitchilo


Yes I heard about that one on the news, this is not surprise taking into consideration that about 600 trillion of derivatives are still hanging around.

So it was predicted that the new derivative bubble (all those US financial institutions that could not stop doing it because is so addictive will burst again).