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

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posted on Mar, 10 2009 @ 09:30 AM
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Gold $901.68 V
Oil $ 47.94 ~
---
Dow Jones Industrial Average 6,799.69 10:28am ET 252.64 (3.86%)
S&P 500 INDEX,RTH 704.28 10:29am ET 27.75 (4.10%)
---
Citigroup Inc. C (NYSE) +0.25 +23.81% vol: 277,546,321
JPMorgan Chase & Co. JPM (NYSE) +2.66 +16.73% vol: 33,867,963
General Electric Company. GE (NYSE) +1.15 +15.52% vol: 94,511,710

[edit on 3/10/2009 by Hx3_1963]




posted on Mar, 10 2009 @ 09:35 AM
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Originally posted by marg6043
reply to post by redhatty
 


Incredible with all the problems in the nation, unemployment, foreclosures now this, and the markets are doing great today.

That tells you that while American falls in decay, somebody but just the few can cash and make money still.

But everything is ok, after all is all about the mental state that the markets numbers can generate on the rest of the population if numbers are up people will feel a lot better.


The thing is . . .it is all a house of cards. There's no foundation for any increase in value of anything right now.

The market is all about investors shuffling the fiscal deck hoping that somehow their cards will line up to a royal flush but the reality is that no matter how many times stocks are bought and sold, the true value is that of the money paid for it.

And what is the true value of our monetary system. Hell, we hear a new story on who to blame, where the problems lie and how it will be fixed 'soon' every week, but there is no real or lasting improvement to what is before us.

Take CITI, for example. They've apparently turned a profit in the last two months. A profit based on what . . . interest . . . so on paper they've made millions upon millions based on the fact that interest is accruing on outstanding credit card, loan and mortgage debt.

Nice that it exists on paper, but the reality is, it physically doesn't exist at all.

Kind of like government debt . . . it keeps growing and growing and growing and growing . . . infinitely.

Eventually, it is so big, it is worthless.

So, I'd take today as our one step forward before we take two more in the opposite direction.



posted on Mar, 10 2009 @ 09:39 AM
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Dang theres a new 1...I went to a stock market last nite and a hockey game broke out!!!

Dow Jones Industrial Average 6,784.64 10:33am ET 237.59 (3.63%)
S&P 500 INDEX,RTH 703.39 10:38am ET 26.86 (3.97%)
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Gold $901.89 V

[edit on 3/10/2009 by Hx3_1963]



posted on Mar, 10 2009 @ 09:45 AM
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reply to post by GoalPoster
 


I wonder sometimes and at the same time I am amazed of how can a nation and even the markets can survive in this type of environment.

If I go to the store with no paper money and only with the promise of money I will not be able to buy anything or make money of that.

But here we have this same thing happening in the Markets and some people claim that they are making a killing.

But on what?

Right now the United States is spending, trillions more in loan repayments, and zero percent interest rates on Federal Reserve funds. This system cannot continue forever.

How long can we survive on this type of scam.



posted on Mar, 10 2009 @ 09:54 AM
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reply to post by marg6043
 
The quick & dirty response...till the end...other than that...keep yer eye on the ball and don't put all yer eggs in one basket...ect...ect...

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Dow Jones Industrial Average 6,814.67 10:53am ET 267.62 (4.09%)
S&P 500 INDEX,RTH 707.32 10:53am ET 30.79 (4.55%)
---
Gold $900.60


[edit on 3/10/2009 by Hx3_1963]



posted on Mar, 10 2009 @ 09:55 AM
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reply to post by marg6043
 


the sad thing is, it is a handful of HUGE Corps that are the liars. Most companies on the exchanges are pretty honest in their value/reporting.

if the .gov had done their job, we wouldn't be here at all



posted on Mar, 10 2009 @ 09:59 AM
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See this is what I'm talkin' about...put this out...

Tue Mar 10, 2009 7:19am EDT
U.S. weighs further steps for Citi if needed: report
www.reuters.com...

Pandit Says Citigroup Having Best Quarter Since 2007 (Update2)
www.bloomberg.com...

U.S. Stocks Rally as Citigroup's Profit Outlook Drives Bank Shares Higher
www.bloomberg.com...

That's not right...sucker in the shorts and then drop a bomb...+ MTM...


[edit on 3/10/2009 by Hx3_1963]



posted on Mar, 10 2009 @ 10:08 AM
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reply to post by Hx3_1963
 


As usual this the game to keep Citi afloat, just a week ago Citi was going down, now they are looking good.

I think this a good example of manipulation at its dirties.

because at its finest is not.



posted on Mar, 10 2009 @ 10:14 AM
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The funny (or sad) part is that I was toying with the idea of picking up a ton of Citi at the end of last week. I figured there is no way in h*** that Citi would just lower and lower and then fizzle out. The way I saw it, there had to be at least one more surge upward (so all the heavy stake holders can get out) before it goes to nothing.

But I decided not to take any risks...
CITI +26.67%
Oh well. I don't think this little surge is gonna last too long, and I am actually glad to be out of the market right now (due to said risk) so I cannot complain.

It may be a good time to buy gold soon. Maybe a few weeks from now...



posted on Mar, 10 2009 @ 10:20 AM
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reply to post by nydsdan
 
Gold was down to $897 a few ago...might of been the low for a few...just a edjamakated guess...

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Dow Jones Industrial Average 6,791.97 11:09am ET 244.92 (3.74%)
S&P 500 INDEX,RTH 705.45 11:19am ET 28.92 (4.27%)
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Gold $901.72
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FTSE 100 3,664.17 11:06AM ET 121.77 (3.44%)
CAC 40 2,611.16 11:06AM ET 91.87 (3.65%)
DAX 3,850.25 11:07AM ET 158.22 (4.29%)
MICEX INDEX 748.49 59.62 8.65% 10:52


[edit on 3/10/2009 by Hx3_1963]



posted on Mar, 10 2009 @ 10:23 AM
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reply to post by GoalPoster
 


There is plenty of foundation. Markets are cheap, cheap, cheap. Trading at 12 times next years earnings, 8-10 times operating cash flow, when the risk free rate is below 1%, This is a spread the likes we have never seen. Earnings could be halved again and again on this basis stocks still wouldn't be undervalued. These are huge companies with huge assets. They have a lot of fat that they can trim, which we are seing with the high unemployment.

I do assume most people here buy things (unless they have already converted to the barter system)
As long as we have people buying things, and don't forget we still have the large majority of people working and spending all, if not most of their income, there is only so far we can drop. Anything more is just pure fear. Yet only a handful of public companies are gone and most of those will survive with new owners so the business lives on.

I think more than the markets having such poor fundamentals, there is another force working against them. Something along the lines of economic terrorism/warfare. There are folks wishing to destroy the USA, and the current market rules allow them to do so almost unabated. Unfortunately, most of the people here on ATS are actually abetting the enemy with their viewpoints, spreading the fear they want us all to feel. I do think they will be defeated. Once they eliminate the ability for this type of economic terrorism to occur, then the markets will move on to historically higher levels.

Citi reported huge profits today. Most likely this is the reversal of derivative losses. The actions by the Fed and Treasury have made it clear that these banks will not be defaulting on their debts. If they don't default, the folks trying to destroy America don't get paid and the derivatives expire worthless. The domino effect that was occuring is stopped in its track and reversed. Thus potential losses are reduced and Citi's earnings most likely reflect that. The only way the economy goes to chaos is if these CDS's go bad. It is obvious that they aren't going to let that happen. Then again maybe Citi just took the TARP funds and shorted the market.



posted on Mar, 10 2009 @ 10:32 AM
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Dow Jones Industrial Average 6,819.69 11:25am ET 272.64 (4.16%)
S&P 500 INDEX,RTH 708.47 11:31am ET 31.94 (4.72%)
NASDAQ Composite 1,331.99 11:31am ET 63.35 (4.99%)


Pimco's Gross Raises Government Debt Holdings to Highest Since July 2007
www.bloomberg.com...

March 10 (Bloomberg) -- Bill Gross, manager of Pacific Investment Management Co.’s $138 billion Total Return Fund, increased his holdings of U.S. government debt to 15 percent in February, the highest percentage since July 2007.

Pimco’s founder and co-chief investment officer bought government debt after holding a negative position in January, according to the Newport Beach, California-based company’s Web site. Gross also boosted the world’s biggest bond fund’s holdings in mortgage-backed securities to 86 percent of total assets, up from 83 percent last month. The fund held a negative 25 percent position in cash equivalents.

While the government debt category includes Treasuries, Gross has said in the past that Pimco is not interested in buying the securities. In February, Gross said it was “incumbent” upon the Federal Reserve to buy Treasuries but that he wouldn’t follow the central bank’s lead. Gross missed out on the biggest Treasury market rally in 14 years in 2008, saying that yields were too low because inflation will accelerate as the deficit surges.

“We wouldn’t buy Treasuries but we would buy bonds that are correlated and related to Treasuries with a higher yield,” Gross said in a Feb. 5 interview on Bloomberg Television.


[edit on 3/10/2009 by Hx3_1963]



posted on Mar, 10 2009 @ 10:39 AM
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Looks like we are seeing that rally a lot of people were saying we were going to see. Although they said it would be later in the year, which is a concern in and of it self.

If we are seeing that rally we were supposed to see later on in the year then things are going down faster than expected.



posted on Mar, 10 2009 @ 10:46 AM
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reply to post by Hastobemoretolife
 
I estimated a S&P rally of 775-800, but, not for another ~2-4 Wks...a little earley, but, even when history repeats its self it's not perfect...

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Gold $898.62


[edit on 3/10/2009 by Hx3_1963]



posted on Mar, 10 2009 @ 10:46 AM
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Clearly, this is the culmination of huckfinn's clever pump-and-dump scheme (WAL-Street).


I have total confidence that the SEC will soon be investigating him, as they fight to end corruption in the markets.



posted on Mar, 10 2009 @ 10:50 AM
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reply to post by theWCH
 
Yeah I guess he called it...*rips up Citi shorts...downs Tequila...staggers off to the next Nudie Bar..."Hey Budd!"...*


---
Dow Jones Industrial Average 6,856.96 12:03pm ET 309.91 (4.73%)
Dow Jones Industrial Average 6,880.46 12:04pm ET 333.41 (5.09%)
Dow Jones Industrial Average 6,861.34 12:09pm ET 314.29 (4.80%)

S&P 500 INDEX,RTH 712.88 12:02pm ET 36.35 (5.37%)
S&P 500 INDEX,RTH 714.49 12:04pm ET 37.96 (5.61%)
S&P 500 INDEX,RTH 713.37 12:14pm ET 36.84 (5.45%)
---
CITIGROUP INC 1.33 11:44AM ET 0.28 (26.67%) 445,673,943
BK OF AMERICA CP 4.59 11:45AM ET 0.84 (22.40%) 182,304,209
JP MORGAN CHASE CO 18.55 11:46AM ET 2.65 (16.67%) 58,368,513
GEN ELECTRIC CO 8.59 11:49AM ET 1.18 (15.92%) 171,666,727
FINANCIAL BULL 3X 3.41 11:41AM ET 0.71 (26.30%) 120,553,782

---
New Highs 6 3 3 57
New Lows 126 43 143 439

Total Volume 3,785,405,5211 650,755,2601 919,175,2341 418,476,1261
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Euro +1.14%
---
Gold $894.41 V
Oil $47.25 V
Gas $1.355 ^

[edit on 3/10/2009 by Hx3_1963]



posted on Mar, 10 2009 @ 11:21 AM
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its noon time... the market is up ~300... after this mornings outlook
given before the CFR (council for foreign relations) by Bernanke...


his often cryptic & sublime talk-around-the-point style just Is Not
registering on the peoples Radar!

Bernanke is doing a 'all stops removed' bailout & 'reform' for
the financial sector....
He deliberately excludes the larger Economy....
His strategies are not intended for the economy, nor the GDP, or the Stock Markets...
He is only interested in the financial industry.


the message he alluded to this morning at the CFR,
was that a 'mechanism' will be found to get full-price valuation for all those
toxic-assets & the other hidden assets on the 20 Primary Dealers off-balance sheets... that are causing 'paper' losses' & freezing up the credit market expansion
...because banks then have insufficient reserve capital.


the Game=Plan is for the financial central banks including the USAs Fed
to gain control of all resources , then install a banker orchestrated Allocation of all global resources...
effectively becoming the world central planners, with sovereign governments are but figure.s in service to the banker cartel.


have a good rally...
(ooooh, i really detest the market talking-.s getting all giddy and excited - like they are instrumental in causing the rally ) Yech, i'm glad i'm a critical sort.

[edit on 10-3-2009 by St Udio]



posted on Mar, 10 2009 @ 11:23 AM
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reply to post by Hastobemoretolife
 


Looks more like a short squeeze to me. Unless this shows sustained strength, it means nothing in the big scheme of things. Besides, we should still retrace of the markets quite a bit before the a crash if historical models are correct.

There's an awful lot of trading hours left and the market has proven to swing wildly near the close. I expect to close around +150 for the Dow, and +15 for the S&P as people take profit for the day. If it closes at 300/30 I'd be very shocked.



posted on Mar, 10 2009 @ 11:32 AM
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reply to post by Not Authorized
 


I am leaning your direction. Even if the market closed up 300 or so, I would not consider this a rally unless it is sustained or the week closes up by a significant margin. Right now, this is just desperate traders trying to find something to invest in and they saw good news coming out of a $1 bank stock. That is a pretty clear 'buy' if you ask me.

Citi is up 35%
BoA is up 27%
GE is up 21%

Like I said earlier, I was really interested in Citi (and GE for that matter) because they looked like the value stocks for the 'last rally before the fall' so to speak. Is this the rally?

I just wish I took some of the money I don't mind losing and put it in Citi and GE like I had planned. I was just too chickens*** to pull the trigger. That's the markets folks!



posted on Mar, 10 2009 @ 11:37 AM
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Yes it seems that the market loved Ben this morning...

money.cnn.com...


THE FED: Big Banks Will Not Be Allowed To Fail, Bernanke Says




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