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

reply to post by redhatty



There is a pattern, it is very hard to explain because it is complicated until you get used to it. But the patterns are very obvious and they are meant to fleece as much REAL wealth while "supplying" the Western World with all things second best, and huge debt disguised as Middle Class wealth. Even the Rich won't escape. That's why Obama's class warfare crap just pisses me off. He sends Hilary to beg China for more money not knowing that they expected the move in the first place.

And now this:
www.abovetopsecret.com...

This will not go well. They would LOVE to drag us into a conflict and it wouldn't surprise me if they were supplying info to NK on our intentions regarding their missile programs. The info doesn't have to be true, but who do you think the North Korean's would trust?


[edit on 10-3-2009 by projectvxn]

NK is a ticking time bomb. Just a matter of time before they explode. Doesnt even have to be something big like shooting an object out of their air space. I'm thinking the words of a visiting politician could spark something.

The world is treading on very thin ice, farther and farther onto the frozen lake. That ice will break and we will drown far far away from the shores we once called safety.

Dollar, Yen Weaken as Stock Gains Boost Higher-Yield Currencies
Interestingly enough, they happen to hate Japan too.

They have a rough competitive history, and they are essentially puppets of the US when it comes to financing our debt. They too are being blackmailed.

reply to post by projectvxn
I like your real wealth to debt scenerio...you also notice their trading of debt for natural resources lately on the cheap?

Deflation is killin' Companys and they buy it at fire sale prices...nice...

They'll have all the real stuff or connections to it, while we'll have a pile of paper...fair trade?

for them...


DANG this time change...wanted to see CNBC world market but have to watch a re-run of fast money (not)...

Yuan Needs 3% Gain to Stop Exit of ‘Hot Money,’ Researcher Says

March 10 (Bloomberg) -- China should let the yuan rise 3 percent against the dollar in 2009 to deter capital outflows and help the country make overseas acquisitions, said Wang Jian, a researcher affiliated with the nation’s top planning agency.

China’s foreign-exchange reserves grew by the least in more than four years in the fourth quarter as sliding exports prompted traders to step up bets on yuan depreciation. People’s Bank of China Governor Zhou Xiaochuan pledged last week to maintain yuan stability as investors pull money out of emerging- market assets because of slowing global economic growth.

[edit on 10-3-2009 by projectvxn]

BEL-20 1,566.88 4:05AM ET 13.83 (0.89%)
AEX General 198.98 4:05AM ET -0.27 (-0.14%)
MIBTel 10,552.00 4:05AM ET 8.00 (0.08%)
Madrid General 715.64 4:05AM ET -0.71 (-0.10%)
Stockholm General 187.10 4:05AM ET -1.03 (-0.55%)
---
S&P 500 +6.00 681.90 3/10 3:42am
Fair Value 676.12 3/9 10:06pm
Difference* +5.78

NASDAQ +6.75 1053.75 3/10 3:06am
Fair Value 1043.86 3/9 10:06pm
Difference* +9.89

Dow Jones +54.00 6582.00 3/10 3:15am

reply to post by Hx3_1963


Oh yes I've noticed:

Published: August 15, 2007
Chinese companies set up shop in the United States

LOS ANGELES: Growing numbers of Chinese companies are quietly setting up operations in the United States even as China-United States trade has brought loud debates in Congress.

That trend was in full force last month, as owners and executives from 45 Chinese companies came to Los Angeles seeking partnerships with small to medium-sized American concerns to help broaden distribution for their products and services in the United States.

S&P 500 +9.20 685.10 3/10 3:57am
Fair Value 676.12 3/9 10:06pm
Difference* +8.98

NASDAQ +6.75 1053.75 3/10 3:06am
Fair Value 1043.86 3/9 10:06pm
Difference* +9.89

Dow Jones +70.00 6598.00 3/10 3:55am
---
interesting...the fools...why would they do this?

I'm no market genious by far but my understanding of the market is like this..

Think of a funnel filled with sand,when filled to the brim and the sand starts to flow..The level of the sand lowers slowly due to the amount of sand in the funnel..The more it empties the lower the volume in the funnel and as it lowers it picks up speed due to the volume of the sand left in it..Then as the last bit of sand emptys its at free fall speed...

Is this a good analogy for the market?

reply to post by Hx3_1963


MONEY MARKETS-Dollar funds costs up, swap spreads at Dec level

Cost of dollars going up huh?

* Dollar funds costlier, swap spreads at December highs

* June eurodollars price in 3-month LIBOR at 1.56 percent

By Vidya Ranganathan

SINGAPORE, March 10 (Reuters) - Dollar funding costs climbed for a third straight session in Asia on Tuesday, moving in line with the rising cost of dollars in Europe and the United States and seemingly indicating a scarcity of short-term funds.

Swap spreads also widened, with the spread between two-year dollar interbank rates and Treasuries at its widest since mid-December.

No one was quite sure what was causing the spike in interbank dollar rates, and whether there was a genuine shortfall or it simply reflected heightened credit risk.

Some traders pointed to banks' increased funding needs at the end of a quarter, coinciding with the financial year end in Japan, as reason for the tight supplies.

Others felt short-term dollar funding had indeed been diverted towards meeting the needs of loss-making U.S. banks and companies such as American International Group (AIG.N) and Citigroup (C.N), both of which have also received government bailout packages

Remember what I said about AIG? Well they insured a crap load of these bad assets everyone is complaining about. They are funneling money offshore and where do you think it's winding up?

China.

Originally posted by Redpillblues
I'm no market genious by far but my understanding of the market is like this..

Think of a funnel filled with sand,when filled to the brim and the sand starts to flow..The level of the sand lowers slowly due to the amount of sand in the funnel..The more it empties the lower the volume in the funnel and as it lowers it picks up speed due to the volume of the sand left in it..Then as the last bit of sand emptys its at free fall speed...

Is this a good analogy for the market?

It's an interesting analogy.

To be spot on you have to add a funnel for every market out there and add straws attaching each market to each other.
THEN you need to add boxes for currencies and Pyramids for commodities...

Originally posted by Redpillblues
I'm no market genious by far but my understanding of the market is like this..

Think of a funnel filled with sand,when filled to the brim and the sand starts to flow..The level of the sand lowers slowly due to the amount of sand in the funnel..The more it empties the lower the volume in the funnel and as it lowers it picks up speed due to the volume of the sand left in it..Then as the last bit of sand emptys its at free fall speed...

Is this a good analogy for the market?

Here are some book recommendations that can help improve your understanding of the markets

The Creature from Jekyl Island - to understand how the Fed works.

Market Wizards & New Market Wizards - to gain confidence that anyone can do this and plenty of examples of blowing out accounts.

Reminisces of a Stock Operator - so you learn how the markets work, they still operate the same just newer technology.

Daytrade your way to Financial Freedom - it all about risk management

How Technical Analysis Works - To learn what the market is telling you.

FTSE 100 3,553.46 5:31AM ET 11.06 (0.31%)
CAC 40 2,532.15 5:31AM ET 12.86 (0.51%)
DAX 3,736.46 5:31AM ET 44.43 (1.20%)
IRISH OVERALL INDEX 1,888.68 -27.70 -1.45% 05:23
MICEX INDEX 719.25 30.38 4.41% 05:37
OMX Iceland 15 Index 223.34 -40.89 -15.48% 03/09 *Closed? *
---
S&P 500 +11.10 687.00 3/10 5:39am
Fair Value 676.12 3/9 10:06pm
Difference* +10.88

NASDAQ +15.00 1062.00 3/10 4:41am
Fair Value 1043.86 3/9 10:06pm
Difference* +18.14

Dow Jones +88.00 6616.00 3/10 5:39am

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Gold $911.60 ~
Oil $46.75 V
---
Jpy V
GBP ^
EUR ~

[edit on 3/10/2009 by Hx3_1963]

Great Article: Buckle Up!

Make no mistake. Buying up “troubled assets” will not materially ease this crisis, nor will it even improve the capital position of financial institutions (see You Can't Rescue the Financial System if You Can't Read a Balance Sheet). Homeowners will continue to default because their payment obligations have not been restructured to any meaningful extent. We are simply protecting the bondholders of mismanaged financial institutions, even though that bondholder capital is more than sufficient to cover the losses without harm to customers. Institutions that cannot survive without continual provision of public funds should be taken into receivership, their assets should be restructured to better ensure repayment, their stockholders should be wiped out, bondholders should take a major haircut, customer assets should (and will) be fully protected, and these institutions should be re-issued to the markets when the economy stabilizes.

The course of defending the bondholders of insolvent institutions is not sustainable. Do the math. The collateral behind private market debt is being marked down by easily 20-30%. That debt represents about 3.5 times GDP. That implies collateral losses on the order of 70-100% of GDP, which itself is $14 trillion. Unless Congress is actually willing to commit that amount of public funds to defend the bondholders of mismanaged financials so they can avoid any loss, this crisis simply cannot be addressed through bailouts. Bondholders have to take losses. Debt has to be restructured. There is no other option – but the markets are going to suffer interminably until our leaders figure that out.

Unfortunately, doing what he says will kill pension funds.... But then again, pension funds are already scroomed, so why not?

On deck for today...

New York Fed Announces March 10 Outright Agency Coupon Purchase

Permanent Open Market Operations

Operation Announcement


Operation Type: Outright Agency Coupon Purchase

Operation Date: March 10, 2009

Release Time: 10:30 a.m.

Close Time: 11:00 a.m.

Settlement Date: March 11, 2009

Inclusions:


Security Description CUSIP
FNMA 4.375 10/15/15 31359MZC0
FHLMC 4.750 11/17/15 3134A4VG6
FHLMC 4.750 01/19/16 3134A4ZT4
FNMA 5.000 03/15/16 31359MH89
FHLMC 5.250 04/18/16 3137EAAD1
FHLB 5.375 05/18/16 3133XFJF4
FNMA 5.375 07/15/16 31359MS61
FHLMC 5.500 07/18/16 3137EAAG4
FNMA 5.250 09/15/16 31359MW41
FHLMC 5.125 10/18/16 3137EAAJ8
FNMA 4.875 12/15/16 31359M2D4
FHLB 4.750 12/16/16 3133XHZK1
FNMA 5.000 02/13/17 31359M4D2
FHLMC 5.000 02/16/17 3137EAAM1
FHLMC 5.000 04/18/17 3137EAAS8
FNMA 5.000 05/11/17 31359M7X5
FHLB 4.875 05/17/17 3133XKQX6
FHLMC 5.500 08/23/17 3137EAAY5
FHLMC 5.125 11/17/17 3137EABA6
FNMA 6.250 05/15/29 31359MEU3
FNMA 7.125 01/15/30 31359MFJ7
FNMA 7.250 05/15/30 31359MFP3
FNMA 6.625 11/15/30 31359MGK3
FHLMC 6.750 03/15/31 3134A4AA2
FHLMC 6.250 07/15/32 3134A4KX1

Link

[edit on 3/10/09 by redhatty]

S&P 500 +14.00 689.90 3/10 6:41am
Fair Value 676.12 3/9 10:06pm
Difference* +13.78

NASDAQ +18.50 1065.50 3/10 6:38am
Fair Value 1043.86 3/9 10:06pm
Difference* +21.64

Dow Jones +134.00 6662.00 3/10 6:26am
---
FTSE 100 3,586.36 6:33AM ET 43.96 (1.24%)
CAC 40 2,552.36 6:33AM ET 33.07 (1.31%)
DAX 3,762.72 6:33AM ET 70.69 (1.91%)
MICEX INDEX 723.68 34.81 5.05% 06:22
---
Gold $910.20 V
Oil $47.68 ^
---
$ V

European stocks rally as Citi memo soothes bank fears
www.reuters.com...

* FTSEurofirst 300 gains 0.6 pct; snaps 3-day losing streak

* Financials rally after Citi memo soothes bank fears

* E.ON tumbles 8.3 pct after cutting profit forecast

* Miners gain as metal prices firm

* Banks supported by positive Citi statement

* Energy stocks, pharmas slide

[edit on 3/10/2009 by Hx3_1963]

Bouncity Bounce Time

Where did that come from? Maybe here:

“I am most encouraged with the strength of our business so far in 2009,” Pandit wrote in an internal memorandum obtained today by Bloomberg. “In fact, we are profitable through the first two months of 2009 and are having our best quarter-to-date performance since the third quarter of 2007.” The bank had $19 billion of revenue in January and February before disclosed writedowns, he added.

This may well be true, but the underlying problem is what are the losses?

This singular question has been how one values these firms. Is Citibank worth $1/share? Zero? $20? Its impossible to know, and the reason is all the off-balance sheet garbage and derivative exposure, none of which is being accurately valued by these institutions in a manner that investors can get their arms around.

Citibank, Bank of America , HSBC Bank USA , Wells Fargo Bank and J.P. Morgan Chase reported that their "current" net loss risks from derivatives — insurance-like bets tied to a loan or other underlying asset — surged to $587 billion as of Dec. 31 . Buried in end-of-the-year regulatory reports that McClatchy has reviewed, the figures reflect a jump of 49 percent in just 90 days.

$587 billion?! A jump of nearly half in 90 days?

This is the sort of thing that drives stock prices into the dirt, causes the CDS players to ramp spreads and ultimately can cause market dislocations.

It also makes it impossible for investors both large and small to value these firms and settle on a personal evaluation of these firms' prospects - and thus make decisions on whether to buy, sell, hold or short.

But the ramp job overnight and this morning in the futures is more than just a reaction to Pandit's memo being leaked (intentionally?) last night. It, and the schizoid behavior of the markets over the last several months, with a violent downward bias, is symptomatic of the utter dereliction of duty that our regulators in government have demonstrated time and time again.

The SEC, The Fed and other regulators exist not only to protect shareholders from fraud and taxpayers from abuse of various forms but are also supposed to stand, along with FASB, for presentation of financial data in a manner that is consistent from firm to firm and can be comprehended and evaluated.

They have utterly failed, and as a consequence we have seen market prices collapse as investors and traders have (rightfully so) concluded that anything which cannot be transparently valued is being concealed for a reason and thus has a net present value of zero.

The lesson in here for regulators and other government officials is that if they want the market to stabilize they must stop the games - that is, drive out The Bezzle - so that people can discern the value of these instruments.

Failing that the whipsaws will continue and each time that occurs liquidity is destroyed by investors discovering to their chagrin that bets they believed were correct in fact were wrong - not due to their lack of analysis, but rather due to the intentional concealment of loss exposure by the firms in which they were invested.

Japan Pacific Holdings seeks bankruptcy protection

* Files for bankruptcy protection with $1.6 5 billion debt

* Third-biggest Japan corporate failure so far in 2009

* Shares end down 15 pct before announcement

TOKYO, March 10 (Reuters) - Japanese real estate investor Pacific Holdings Inc (8902.T) said it has filed for bankruptcy protection with about $1.65 billion in debt, the country's third-biggest failure this year.

A string of mid-sized Japanese real estate developers have folded over the past year, hit by a sharp downturn in the property market and tighter credit as the world's second-largest economy falls deeper into recession.

Pacific Holdings had been trying to raise funds from a group of Chinese investors to keep it afloat.

Investors' doubts about its future viability increased in February when it announced that it auditor had refused to certify its earnings statement due to worries over the tough business outlook and its cash position.

The Tokyo Stock Exchange had also moved its shares to a monitoring section, bringing it closer to delisting.

Full Story at link

Didn't these guys get a BAILOUT???? WTF???

March 10 (Bloomberg) -- Stocks in Europe and Asia advanced and U.S. futures gained, led by financial shares after Citigroup Inc. said the bank is having its best quarter since 2007, when it last posted a profit.

full article

[edit on 3/10/09 by redhatty]

Makes me feel so great that Obama is dealing with the school system and universal health care rather then criminals in the government and banking system.

Edit: I bet the Citigroup thing is a lie.

[edit on 10-3-2009 by Tentickles]

TOPWRAP 3-Govts split over stimulus, IMF warns on recession
www.reuters.com...

* Japan says will take "whatever measures are available"

* China cbank says no need for deflation-fighting steps yet

* IMF head warns of a "Great Recession"

* ECB board member Smaghi say would cut rates to zero

* Asia stocks rise outside Japan, Europe reverses early fall

TOKYO/FRANKFURT, March 10 (Reuters) - Japan and China added to divisions among top nations on Tuesday over whether they are doing enough to fight the financial crisis, as the IMF warned of a "Great Recession" and a European central banker said rates could hit zero.

Finance ministers from the G20 group of rich nations and big emerging powers meet at the weekend to prepare for a summit in London on April 2, where leaders hope to present a united front in tackling the worst economic crisis in decades.

"We will take whatever measures are available," Japanese Finance Minister Kaoru Yosano told reporters when asked what the government might do.

Sad state of affairs...
Can you say..."Life Raft?"

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S&P 500 +12.60 688.50 3/10 7:26am
Fair Value 676.12 3/9 10:06pm
Difference* +12.38

NASDAQ +17.75 1064.75 3/10 7:11am
Fair Value 1043.86 3/9 10:06pm
Difference* +20.89

Dow Jones +111.00 6639.00 3/10 7:21am

[edit on 3/10/2009 by Hx3_1963]

Originally posted by Tentickles
I bet the Citigroup thing is a lie.

I wouldn't take that bet - I see absolutely no reason why they could not have had profitable months in Jan & Feb, look at all the money we gave them

Earlier in the thread I posted a link to the story of Moody's listing potential BK companies. Here's the list - 11 pages!!!

Moody's Death Watch List