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

reply to post by Hx3_1963


That is what I'm thinking the banks would fail if it all happened in one day it would trip the circuit breaker, I mean 10p is what 800 points? That isn't that big of a deal.

Screw it I say let them fail. The banks failing will collapse the rest of the world, but why the hell not they won't have any money to be able to fund a war after that.

The companies would get loans from smaller banks, the only difference is that it wouldn't all be one convenient loan, it would be multiple smaller loans.

I almost thought about buying some Citi just to ride this wave out, I figure drop a grand and make 300, if it goes up 70% I could have doubled my money.

But I knew better I know this is a fluke and something crazy is happening. And what ever it is it isn't good.

reply to post by Hastobemoretolife
Yeah this isn't over yet...Seattle Fed Regional Bank was going to or did default earlier today...a major Japan bank went under last nite...italy has a major bank in trouble...UK/EU still don't have a handle on this either...


Ha I'm vindicated...chart guy on CNBC just said we've hit 1931 % drops with this market!!



[edit on 3/10/2009 by Hx3_1963]

reply to post by Hx3_1963




Wow, we are progressing years in a matter of days. I knew technology makes things faster but damn not this fast.

Great more bank failures.

If they don't let the big banks fail we aren't going to have any banks left, the Fed and Gov is holding everything up. The smaller regional banks could take a loss on the balance sheet if there was a market price for bad assets.

reply to post by Hastobemoretolife
We've about compressed ~1.25? Yrs of loss (4Q-'29/1Q-'31) into ~2.5 Mths (Dec 20 08-Mar 09 09)...

Pretty scary!!! I think speed of light Technology is helping this time as well...back in '29-'31 telegraphs/basic telephones?/basic AM Radio/No TV...

You didn't do transactions 24/7 then...a couple of times a week...maybe daily if you we're really connected...

We're at ~1931 now...and might see a S&P 775-800 slightly earley Rally by this...but the future???
[atsimg]http://files.abovetopsecret.com/images/member/c88efe4e08f3.png[/atsimg]

Citi hopes support Asia stocks but China weighs
finance.yahoo.com...

:snip:

Wall Street jumped 6 percent in heavy volume overnight, helped by Citi and comments from an influential U.S. congressman that rules against short selling stocks may be re-implemented in a month.

Asia's equity rally by comparison tempered, as questions remained about the nature of Citi's profits.

"With the U.S. government still examining ways to stabilize the bank if needed, we remain somewhat skeptical and are wary of the rally we have seen today in the equity markets which reminds us of the previous rounds of DEAD CAT BOUNCES we have witnessed," economists with United Overseas Bank in Singapore said in a note.

Funny stuff!!!

About time someone sounded like they have some sense!!!

---
Citigroup Inc. C (NYSE) $1.44 +0.39 +37.14%
Volume:1,115,130,550

Bank Of America Corporation. BAC (NYSE) $4.79 +1.04 +27.73%
Volume:419,663,083

HSBC Hldgs Plc. HBC (NYSE) $27.03 +2.77 +11.42%
Volume:11,193,137
---
Wonder if it's starting to sink in now?

@ 11:00 pm est close: Nikkei 225 7,364.94 1:10AM ET 309.96 (4.39%)
@ 1:14 am est: Shanghai Composite 2,167.83 1:14AM ET 9.27 (0.43%)


[edit on 3/11/2009 by Hx3_1963]

reply to post by Hx3_1963




No doubt, they finally figured out that the only trend so far is down.

I don't think stopping short selling is going to do anything, I think if they get rid of that we will see the market plunge. If you don't give people incentive to make money on the down slope they aren't going to pump it up again so they can make money when the dead cat is being subjected to the laws of gravity.

It is nice they are actually talking about the realities and not some fantasy world though.

reply to post by Hx3_1963


I think you are correct on the technology thing.

Never thought much about communication in the 30's.That one just slipped by me as I am trying to compare the last depression to this one.

The big difference is that people have no idea how to look after themselves if the need arises. (gardening, fixing things etc.)

I am waiting for all these people that just pull out a plastic card for everything.
They are in for a shock methinks.

reply to post by tribewilder
Back then they were just coming out of the Industrial Revolution.

Most still had humble factory/specialized trade/farming jobs...outhouses were still big in a lot of places...coal heating was still in...

A hard self sufficient life was still the norm back then...even in mid sized citys they still had poultry, gardens, and small livestock!
---
Shanghai Composite 2,165.81 1:37AM ET 7.24 (0.34%)
---
S&P 500 +4.90 720.90 3/11 1:31am
Fair Value 719.40 3/10 10:08pm
Difference* +1.50

NASDAQ +10.00 1116.00 3/11 1:17am
Fair Value 1112.56 3/10 10:08pm
Difference* +3.44

Dow Jones +46.00 6933.00 3/11 1:18am
---
Gold $897.32
Oil $45.69

[edit on 3/11/2009 by Hx3_1963]

reply to post by Hx3_1963


Weren't those the days!

It would be nice if it was still like that. I don't think we would be in as deep as mess as we are in right now, we would have seen this coming and stopped it before it got to bad.

It is interesting how if only if you were well connected you could make your trades daily. Now you just type in a web address give you credit/debit card number and anybody can play Warren Buffet. Now the market is playing catch up to the consumer and not vice versa.

I like it though, I'm still wanting my flying car though, they are about 9 years behind schedule.

[edit on 11-3-2009 by Hastobemoretolife]

reply to post by Hastobemoretolife

I like it though, I'm still wanting my flying car though, they are about 9 years behind schedule.

For Real...and it damm well better fold-up into a Briefcase!!!


Back in the old days IF ya had a broker in town, he'd have to Telegraph or call (if they were well off enough to have a phone)...get a conformation and serve tickets for redemption...when/if it came back across the old ticker tapes...remember seeing those in old films?


[edit on 3/11/2009 by Hx3_1963]

So, the Asian markets are all up 4% on Citi Bank news, any chance Citi Bank is lying? Fifty-fifty, half-a-dozen or one of the other or whatever?

reply to post by pluckynoonez
Shanghai Composite 2,161.48 1:46AM ET 2.91 (0.13%)
Shanghai Composite 2,159.15 1:51AM ET 0.59 (0.03%)
Shanghai Composite 2,152.23 1:53AM ET -6.34 (-0.29%)

I don't think China is buying it...see???

How can they even suggest they're making money?

They're 10's of Billions in debt to US!!!

Pay US off and then tell us you made money!!!



[edit on 3/11/2009 by Hx3_1963]

reply to post by Hx3_1963


It better fold up into a briefcase parking is getting expensive.

Ahhh yes, they had ticker tapes in beauty salons way back in the day. The stock market was a really big deal to EVERYBODY back then. These days give them some McDonald's an iPhone and their HDTV with American Idol and they can care less what is going on in the world around them.

Shanghai Composite 2,148.88 1:54AM ET -9.69 (-0.45%)
Shanghai Composite 2,147.12 1:56AM ET -11.45 (-0.53%)
Shanghai Composite 2,151.29 2:11AM ET -7.28 (-0.34%)

See China no likey lyin' Citi...


Nikkei 225 7,372.28 1:54AM ET 317.30 (4.50%)
Nikkei 225 7,376.12 2:00AM ET 321.14 (4.55%)

Nikkei is Desperate now...grabbing at brass rings...
---
S&P 500 +4.90 720.90 3/11 1:31am
Fair Value 719.40 3/10 10:08pm
Difference* +1.50

NASDAQ +10.00 1116.00 3/11 1:17am
Fair Value 1112.56 3/10 10:08pm
Difference* +3.44

Dow Jones +46.00 6933.00 3/11 1:18am
---

New 'Bear Trap' for Markets: Credit Is Tightening Again
www.cnbc.com...

While Wall Street enjoys its relief rally Tuesday, stocks face looming danger from a familiar foe: tightening of credit.

Several metrics that market analysts use to gauge the availability of credit have been signaling trouble in recent days, throwing up a caution flag that tougher times could lie ahead for the availability of cash.

That's a formula that always spells trouble for investors.

"Unless we start seeing a reversal of the widening of a lot of these credit spreads, any equity rally is going to be short-lived," says David Lutz, managing director of institutional trading at Stifel Nicolaus. "Unless the credit markets are cooperating, it's going to be very hard for equities to rise."

Great...Marvelous...Fantasic...hey kid...got a light?

Geithner May Use Capital Injections to Help U.S. Banks Sell `Bad' Assets
www.bloomberg.com...

March 11 (Bloomberg) -- The Obama administration plans to use capital injections as an incentive to get U.S. banks to sell distressed securities to investors.

The private investors will also get federal loans to buy the assets, in a two-pronged strategy intended to revive trading in mortgage-backed debt. Treasury Secretary Timothy Geithner said in an interview with PBS’s Charlie Rose show yesterday “it requires making sure there’s capital available to the system, that these banks have the incentive to start to move this stuff, that there’s a mechanism available” to finance investors.
:snip:
“In conception, it’s reasonably well designed; the question is in the execution,” said Randal Quarles, a former Treasury undersecretary who now works at the Carlyle Group in Washington. “There are a lot of details that remain to be worked out in pushing things in these two directions.”

Can anyone say...Details???

Citigroup, Bank of America Bondholders May Be Next to Share Bailout Pain
www.bloomberg.com...

March 11 (Bloomberg) -- Citigroup Inc. and Bank of America Corp.’s bond prices are sliding on concern that owners of debt issued by U.S. financial firms will be forced to swallow losses if the industry needs another bailout.

U.S. bank debt has lost 7.8 percent and yields have jumped to record levels compared with benchmark rates in the past month, even after taxpayers committed more than $11.6 trillion to prop up financial firms. With shareholders almost wiped out at banks like Citigroup and lawmakers resisting more rescues, holders may be asked to swap bonds for new debt that offers reduced interest rates or lower face values, analysts said.

“The bond market is getting more scared every day,” said Gary Austin of PDR Advisors in Charlotte, North Carolina, who manages $450 million in fixed-income securities. “At some time, the government is going to say enough is enough, the only way we will give you more cash is if the bondholders have to be hit.”

...And I got up for this!!!



[edit on 3/11/2009 by Hx3_1963]

UBS Has $18 Billion Loss for 2008, Wider Than Reported, on U.S. Settlement
www.bloomberg.com...

March 11 (Bloomberg) -- UBS AG posted a 20.9 billion Swiss franc ($18 billion) loss for 2008, more than initially reported, after including costs for a settlement with the U.S. Department of Justice and valuation adjustments on securities.

...And the pain continues...
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Shanghai Composite 2,147.35 2:38AM ET -11.22 (-0.52%)
Shanghai Composite 2,138.00 2:56AM ET -20.57 (-0.95%)
---

Japan's Regulator `Pulling Out All Stops' on Loans to Avert Bankruptcies
www.bloomberg.com...

March 11 (Bloomberg) -- Japan’s financial regulator will make unprecedented inspections of banks to avert a loan drought that would increase bankruptcies, as real estate manager Pacific Holdings Co. collapsed after failing to raise funds.

The Financial Services Agency will visit Japan’s biggest lenders including Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. and examine their records to ensure they provide credit and don’t force borrowers to repay loans early as the recession deepens, the regulator said yesterday.

“The new measures include some drastic steps which leave the impression the agency is pulling out all the stops,” said Shinichi Ina, an analyst at Credit Suisse Group AG in a report. “It underlines the government’s commitment to avoid bankruptcies.”

...Does this ever stop!!! DANG!!!

---
Futures trending lower...

S&P 500 +3.10 719.10 3/11 3:06am
Fair Value 719.40 3/10 10:08pm
Difference* -0.30

NASDAQ +3.50 1109.50 3/11 3:05am
Fair Value 1112.56 3/10 10:08pm
Difference* -3.06

Dow Jones +16.00 6903.00 3/11 3:02am


[edit on 3/11/2009 by Hx3_1963]

Originally posted by Hx3_1963

 

Yeah this isn't over yet...Seattle Fed Regional Bank was going to or did default earlier today...

Do you mean the Federal Home Loan Bank of Seattle? They're in the news for reporting a large losses and falling below capital requirments, but they haven't failed/defaulted/closed and don't seem near it - they just can't pay a dividend until they meet the requirments. They've been kind of fluctuating on other side of the requirement for a few months.

seattletimes.nwsource.com...

reply to post by AndyMack
Star 4 U!

Thanks for the update! I browsed the article way earley today and lost some of the details...


---
S&P 500 +1.40 717.40 3/11 3:34am
Fair Value 719.40 3/10 10:08pm
Difference* -2.00

NASDAQ +4.00 1110.00 3/11 3:09am
Fair Value 1112.56 3/10 10:08pm
Difference* -2.56

Dow Jones 0.00 6887.00 3/11 3:36am
---
Shanghai Composite 2,138.38 2:58AM ET -20.19 (-0.94%)
Nikkei 225 7,376.12 3:00AM ET 321.14 (4.55%)
Taiwan Weighted 4,759.96 1:46AM ET 88.94 (1.90%)
Seoul Composite 1,127.51 2:02AM ET 35.31 (3.23%)
Straits Times 1,514.19 3:28AM ET 28.44 (1.91%)
Hang Seng 11,979.03 3:15AM ET 284.98 (2.44%)
---
Gold $898.47 ^
Oil $45.38 V
Gas $1.283 V
---

Citigroup Will Have To Sell More Assets: Whitney
www.cnbc.com...

Citigroup will have to sell more of its assets to stay in business, well-known banking analyst Meredith Whitney told CNBC Tuesday.

Whitney made her comment after being asked about Citi's Chief Executive Vikram Pandit saying he was confident about the troubled bank's survival prospects.

"Citi's capital position is stronger relative to how it was," said Whitney. "But I wouldn’t call it strong."

Whitney, who is founder of Meredith Whitney Advisors, said that the bank has exposures across the board and said that "I'm not optimistic about them."

"Trillions of dollars of loans have been mispriced by Citi", said Whitney. "By my math, they don’t make money in any of their businesses."

Whitney says Citigroup [C 1.45 0.40 (+38.1%)] will be forced to sell their "crown jewels" if they are going to get any more bailout money from the government. "They're going to have a 'yard sale.' They will be a smaller and less of an international business going forward," says Whitney.

...Alrighty then...I must be a glutton fer punishment to keep looking at these...


---
Dropping GM From The Dow 30?
www.businessweek.com...
---
Alrighty...lets see what Eastern Markets have to say about Citi, now that some news has circulated...


[edit on 3/11/2009 by Hx3_1963]

@ 6:30 am est: What a crazy nite...up...down...now up...and still 3 Hrs to go...
---
S&P 500 +12.10 728.10 3/11 6:11am
Fair Value 719.40 3/10 10:08pm
Difference* +8.70

NASDAQ +15.75 1121.75 3/11 6:07am
Fair Value 1112.56 3/10 10:08pm
Difference* +9.19

Dow Jones +93.00 6980.00 3/11 6:07am
---
FTSE 100 3,758.21 6:09AM ET 42.98 (1.16%)
CAC 40 2,708.85 6:09AM ET 45.17 (1.70%)
DAX 3,964.60 6:09AM ET 77.62 (2.00%)
AEX General 213.67 6:24AM ET 3.23 (1.53%)
IRISH OVERALL INDEX 1,961.85 -23.78 -1.20% 06:07

MICEX INDEX 753.45 3.26 0.43% 06:07

Shanghai Composite 2,139.02 3:00AM ET -19.54 (-0.91%)
---
Gold $899.98 V
Oil $45.53 ~
Gas $1.292 ~
---
Well...Re-Generation break I guess...

[edit on 3/11/2009 by Hx3_1963]

US foreclosures at highest level since homes crisis began

Paulsons Fund made almost half a billion shorting Lloyds The Pigmen are shorting each other??

UBS Has SF20.9 Billion Loss, Wider Than Reported, on Settlement

Germany's HRE bank faces bankruptcy without more aid

Freeman withdraws from NIC nomination

U.S. in a deep mess but we will fix it: Geithner

Treasury literally not answering phone

The head of the civil service, Sir Gus said the handover to President Barack Obama's administration was severely hindering preparations for next month's G20 summit.

In an extraordinary blunder, the usually-guarded Sir Gus said no-one in the U.S. Treasury department was answering telephone calls.

He said it meant the Government was finding it 'unbelievably difficult' to hold discussions ahead of the meeting of world leaders in London.

Even though the world was in the grip of the worst economic crisis in decades - top of the G20 agenda - Number 10 was having trouble getting in touch with key personnel, said the Cabinet Secretary.

'There is nobody there,' he told a civil service conference in Gateshead.
'You cannot believe how difficult it is'

45 percent of world's wealth destroyed: Blackstone CEO

China’s Factory, Real Estate Spending Surges 26.5%

Sold Out: How Wall Street and Washington Betrayed America (.pdf file)

Los Angeles considers sacking 9,000 teachers

India - Job cuts at IT companies hit property demand

U.S. banks may pay dearly for government aid

"Some bankers say the conditions have become so onerous that they want to give the bailout money back. The list includes small banks like TCF Financial of Wayzata, Minnesota, and Iberiabank of Lafayette, Louisiana, as well as giants like Goldman Sachs, Wells Fargo and U.S. Bank in San Francisco. They say they plan to return the money as quickly as possible, or as soon as regulators set up a process to accept the repayments."

Well if you didn't need it, why did you take it in the first place?

AID: Is The Risk Systemic (internal AIG docs)

And the Morning Ticker:
Madoff, Mark-To-Market (Again) and More

[edit on 3/11/09 by redhatty]

New regime at AIG curbs costs: Bernanke letter

www.reuters.com...


Citigroup sends out a memo, Now a letter from Bernanke?????

Staged Event!

2nd Stimulus May be Needed

Oh boy, here we go. When is this all going to stop?

I see futures are up, for right now. We'll see how the day goes.

[edit on 11-3-2009 by Hastobemoretolife]