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

reply to post by tribewilder


yes they really do shut down for an hour for lunch


Overvalued euro set to plunge 'within months'

Spread betting companies have reported a huge wave of short euro trades in the last two weeks, leading to speculation that a significant correction in the currency will come in the next few months.

Investors take out short trades when they expect a currency to fall. In recent days, futures traders in the US have significantly increased their bets that the euro will fall against the dollar. Data released by the Washington-based Commodity Futures Trading Commission on Friday showed that the "net short position" of trades against the euro by hedge funds and speculators almost doubled in the week to March 3 to 19,431 contracts from 10,081 contracts a week earlier.

"Quite a significant correction in the euro is coming in the next few months. The European Central Bank (ECB) is behind the curve in getting to grips with its economic problems," said David Buik of BGC Partners. He added that the eurozone entered recession later than other economies, but policy-makers had been too slow to act, putting the currency at risk.

JP Morgan in BIG Trouble


[edit on 3/8/09 by redhatty]

reply to post by spinkyboo
...that mean you'll sign on? I hope so!

@ tribewilder:
I don't know if it was a "full blown" joke, but, yes they do actually take a lunchbreak...maybe NYSE/DJIA/S&P need this...relax for a minute before jumping off the NYSE...

Originally posted by Hx3_1963
reply to post by spinkyboo

 

...that mean you'll sign on? I hope so!

Yes and here is what is on for today so far -
(It is already 3/09/09 - somewhere - not at my house yet)

Mon 3-9-2009

IBM Layoff Estimate -4,600

Meadowbrook Farms -600

Toronto Star -38

King and Spalding Law Firm -122

Stockton Schools -323

Colton Schools -52

Modern Forge -33

Is Geithner Taking Goldman Sachs’ Word That Toxic Assets Are Actually Worth Something?

As more details emerge about the Treasury Department’s plan for dealing with the toxic assets currently plaguing our banking system, it’s becoming clear that Treasury Secretary Timothy Geithner is betting the house on a rather large assumption.

He seems to believe that the problem with the assets is not that they are actually relatively worthless, but that they have an “artificially depressed value” that will return as soon as a market for them is created. As Paul Krugman explained:

[S]omehow, top officials in the Obama administration and at the Federal Reserve have convinced themselves that troubled assets, often referred to these days as “toxic waste,” are really worth much more than anyone is actually willing to pay for them — and that if these assets were properly priced, all our troubles would go away

Lots of imbeded links in article, please go to link for full info

Ya know...after seeing Red's last post about "speculation on defaults" I'm really having a hard time with the rating agencys...

I know "someone" has to TRY to keep a eye on risk, but, who are these people...what are their motivations???

To me it sounds like a day at "Gueido's? bookie shop"...a bunch of mob guys at vegas "callin' odds" on games....

reply to post by redhatty
Well...being as half the Government Treasury is in JPM or GS...why would they bet against them?!?

Geez...where ya gonna make yer money/work if they pull this off?!?!


BTW: Added...it's getting big for today...might be a 2 poster!


Attention: All numbers are negative unless otherwise amended...

SSEC Shanghai Composite 2,170.146 11:30PM ET 22.861 (1.04%)
Hang Seng 11,729.88 11:35PM ET 191.64 (1.61%)
Jakarta Composite 1,286.693 Mar 6 1.381 (0.11%)
Nikkei 225 7,090.38 11:31PM ET 82.72 (1.15%)
NZSE 50 2,468.77 11:30PM ET 2.27 (0.09%)
Straits Times 1,481.10 11:51PM ET 32.02 (2.12%)
Seoul Composite 1,054.96 11:31PM ET 0.07 (0.01%)
Taiwan Weighted 4,610.96 11:32PM ET 42.67 (0.92%)
---
S&P 500 -1.10 686.70 3/8 11:40pm
Fair Value 682.93 3/8 12:10am
Difference* +3.77

NASDAQ +6.50 1083.00 3/8 8:50pm
Fair Value 1064.71 3/8 12:10am
Difference* +18.29

Dow Jones -6.00 6668.00 3/8 11:22pm
---
Gold $937.65
Oil $46,27

[edit on 3/8/2009 by Hx3_1963]

Don't want to be ignorant but my head is spinning with the understanding that we have never been in this territory before. Are we to relealistically expecting a new currency proposal after the G20? I asked before for a more laymans explination which Karl does well but he usually only updates his ticker one or two times a day with thie weekend being the exception. More to the point, should I get out of Chicago soon?

EQUITY INDEXES
VALUE CHANGE % CHANGE
Topix 708.18 -13.21 -1.83
Hang Seng 11,733.10 -188.42 -1.58
Singapore Straits Times 1,482.79 -30.33 -2.00
S&P/ASX 3,152.70 7.20 0.23

...and on CNN...

"plenty of places are hiring..you just have to..."

@ Red:
there's yer Skittle Dumping Unicorn....

Oh the irony...

Goldman Sachs accuses India of $20bn in 'withdrawals' from ONGC

Goldman Sachs has raised concerns about the standards of corporate governance in India by accusing the Government of siphoning off $20 billion (£14.1 billion) from India's largest oil company without consulting other shareholders.

Goldman said that the funds had been diverted by the state-controlled Oil and Natural Gas Corporation (ONGC) via “ad-hoc cash withdrawals” over five years to subsidise loss-making government-owned refiners.

“Despite repeated objections raised by investors and more recently by independent directors on ONGC's board, there has not been headway on this issue,” Goldman analysts said. “The market appears to have got used to this practice by ONGC promoters [controlling shareholder], while similar issues in privately run companies would likely cause serious concern.”

Its 12:18 am New York time, tommorrow's futures appear to have dipped into negative territory for a lower open tomorrow morning.

Asian Markets:

Nikkei 225 7,054.17 -118.93 -1.66%
Hang Seng 11,726.59 -194.93 -1.64%
Straits Times 1,485.78 -27.34 -1.81%

See you all tomorrow, it'll be a wild ride.

reply to post by Hx3_1963



Lower the trends go...

Other than our (taxpayer) interest in AIG, what about all the other companies that had major investments with them?

www.bloomberg.com...

reply to post by Hx3_1963




That is awesome.

Futures

DJIA INDEX 6,661.00 -13.00
S&P 500 687.00 -0.80
NASDAQ 100 1,075.00 -1.50

Oh My - being called a glitch

March 09, 2009 03:01pm

TRADES in QBE Insurance shares at $15 and below were cancelled today, after the stock registered at under one cent.

According to Iress data, some QBE shares traded at a low of 0.4 cents between 1426 AEDT and 1428 AEDT, amid overall quiet dealing in the stock market.

The Australian Securities Exchange announced first that the trades were under dispute and then that trades at $15 and below were "to be cancelled".

At 1445 AEDT, QBE shares were registered at $15.60, down 70 cents.

Course of sales data showed a 500-share parcel of QBE stock was offered at 0.4 cents at 1426 AEDT.

Shares were being bid at $5.04 each a few seconds later.

Bids were then made at $9.99 and $10 and upward until 1429 AEDT when the stock was bid at $15.63.
AAP

Source

reply to post by Hastobemoretolife
Star 4 U!

I knew followers would get that with Reds' Unicorn references!!

reply to post by redhatty
PPT to the rescue!!!!

All the more evidence of manipulation...

"Aye Lads...keep pumpin' da bliges till da Cap'n calls all hands..."


---
Attention: All are negative unless otherwise amended..

Shanghai Composite 2,170.146 Mar 8 22.861 (1.04%)
Hang Seng 11,711.30 12:50AM ET 210.22 (1.76%)
BSE 30 8,213.90 12:55AM ET 111.92 (1.34%)
Jakarta Composite 1,286.693 Mar 6 1.381 (0.11%)
Nikkei 225 7,087.00 12:45AM ET 86.10 (1.20%)
NZSE 50 2,469.174 12:31AM ET 1.866 (0.08%)
Straits Times 1,483.57 12:51AM ET 29.55 (1.95%)
Taiwan Weighted 4,609.82 12:46AM ET 43.81 (0.94%)
---
S&P 500 -1.30 686.50 3/9 0:48am
Fair Value 682.93 3/8 12:10am
Difference* +3.57

NASDAQ -3.50 1073.00 3/8 11:52pm
Fair Value 1064.71 3/8 12:10am
Difference* +8.29

Dow Jones -12.00 6662.00 3/9 0:06am
---
Gold $937.57
Oil $46.49



[edit on 3/9/2009 by Hx3_1963]

The worst part about this whole debacle, is that decades of fraud and underhanded dealings are going to come to light. The more fraud they try to use to cover it up the more that will be exposed.

It is a good thing, but it is also a bad thing. It shouldn't have even gotten to this point. If the politicians keep doing what they are doing we will quickly approach the point of no return. Which isn't a bad thing because the NWO won't ever come into existence, it is a bad because advancement will be stunt for who knows how long.

reply to post by Hastobemoretolife
AAAHHH... it all goes back to ~1694?....

Keep the masses dumbed down and TRY to keep them comfortable...while WE the " Masters of the Universe" pull the REAL strings...

"Game Over"!!!!!!!!

Look Left, that is the skittle pooping unicorn



China to gradually lower export-related taxes to zero

BEIJING (Reuters) - China will steadily cut export-related taxes to "zero" and raise financial support for exporters to avert another sharp drop in external demand, the commerce minister said in an interview published Monday.

Commerce Minister Chen Deming told the Study Times newspaper that despite the recent abrupt drop in China's exports, broader, long-term trade trends remained in its favor.

"We should have ample confidence, seize opportunities to advance and lift our share of the international market," Chen told the Chinese-language weekly newspaper issued by the ruling Communist Party's Central Party School.

"Strive by all means to maintain stable export growth and prevent a dramatic fall in external demand."

[edit on 3/9/09 by redhatty]