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

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posted on Mar, 12 2009 @ 12:24 AM
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reply to post by Hx3_1963
 


That was a pretty good dead cat bounce Monday though, you have to give them that.

Looks like Citi can't pull the world up by their bootstraps.




posted on Mar, 12 2009 @ 12:29 AM
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reply to post by Hastobemoretolife
 
It was...desperate...

As soon as they had a few to think about it...they figured it out...I hope...

Today a "Give Back Day"?

News (Memos) might make a mark...

Citigroup Executives Scored $2.2 Million Paper Profit Betting on Own Stock
www.bloomberg.com...

March 12 (Bloomberg) -- Four Citigroup Inc. executives who bought the bank’s stock last week have already generated a $2.2 million paper profit, regulatory filings show.

The executives, including director Roberto Hernandez, benefited as the company’s stock climbed 47 percent since March 10, when Chief Executive Officer Vikram Pandit said in a memo that the bank is having the best quarter since 2007. Their buying spree was the first by bank insiders since Jan. 14, filings show.

“You’re supposed to buy when everyone else is selling,” said Bruce Foerster, a former Lehman Brothers Holdings Inc. managing director who now runs South Beach Capital Markets in Miami. Banks have internal systems to monitor executive trades and prevent abuses, he said.

Pandit wrote in the internal memo that the company was profitable in January and February, leaving him “encouraged with the strength of our business so far in 2009.” The comments triggered Citigroup’s biggest one-day percentage gain since Nov. 24, spurring global markets.

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S&P 500 -5.60 714.90 3/12 1:10am
Fair Value 718.36 3/11 9:57pm
Difference* -3.46

NASDAQ -8.00 1117.00 3/12 1:08am
Fair Value 1127.54 3/11 9:57pm
Difference* -10.54

Dow Jones -51.00 6863.00 3/12 0:10am
---
Nikkei 225 7,236.14 1:09AM ET -139.98 (-1.90%)

[edit on 3/12/2009 by Hx3_1963]



posted on Mar, 12 2009 @ 12:36 AM
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reply to post by Hx3_1963
 


Possibly, the market today closed at what a "normal" non crisis day would close at usually. Nothing significant less than 1%.

That is what I think it was, its like Citi is profitable. Maybe they were testing the waters to see if the markets are reacting too any news.

You know since it is pretty much documented that every time Timmy the tax Cheat, Balding Berneke, and All my lies are preceded by "uh, umm," Obama the market drops.

So maybe they "leaked" this memo to see how volatile the market really is and my feeling is that they did not like what they saw.

If they give it back all in one day that might cause a panic. That wouldn't be good.



posted on Mar, 12 2009 @ 12:40 AM
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reply to post by Hastobemoretolife
 
yep...people are grabbing at straws now...sad...

Barclays May Limit Asset Insurance to Avoid Handing Stake to Government
www.bloomberg.com...

March 12 (Bloomberg) -- Barclays Plc may put about 90 percent fewer assets into a state insurance program than its closest competitors, as the U.K.’s third-largest bank by assets tries to avoid giving up a stake to the government.

Barclays will probably ask for state guarantees on 30 billion pounds ($41 billion) of risky assets, according to the median estimate of five analysts surveyed by Bloomberg. That compares with 325 billion pounds for Royal Bank of Scotland Plc and 260 billion pounds for Lloyds Banking Group Plc, which are now state-controlled after two bailouts.

London-based Barclays has fallen 55 percent this year on concern it will report further credit losses as the recession deepens. Still, the bank posted a second-half profit of 2.66 billion pounds, 49 percent more than a year earlier, and has rejected government funds. That may give Barclays a stronger bargaining position in asset insurance talks.

“If Barclays do participate in this scheme then I would expect it to be to a much lesser degree than RBS and Lloyds,” said Ian Gordon, an analyst at Exane BNP Paribas in London who has a “neutral” rating on the stock. “The pricing will have to be right, though, and if it’s wrong they will walk away.”

Analyst estimates for the assets to be insured ranged from 20 billion pounds to 81 billion pounds.
Can anyone say..."Greedy"?




posted on Mar, 12 2009 @ 12:40 AM
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S&P 500 -5.20 715.30 3/12 1:26am
Fair Value 718.36 3/11 9:57pm
Difference* -3.06

NASDAQ -6.50 1118.50 3/12 1:21am
Fair Value 1127.54 3/11 9:57pm
Difference* -9.04

Dow Jones -51.00 6863.00 3/12 0:10am

Looks like DJIA is fence sitting...hasn't really moved much tonite...
---
Nikkei 225 7,221.71 1:21AM ET -154.41 (-2.09%)
Nikkei 225 7,224.14 1:25AM ET -151.98 (-2.06%)

Shanghai Composite 2,088.078 1:30AM ET -50.947 (-2.38%)
---
Gold $912.38 V

[edit on 3/12/2009 by Hx3_1963]



posted on Mar, 12 2009 @ 12:57 AM
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reply to post by Hx3_1963
 


If I was playing the market I would short financials about 4% tomorrow. - Not Investment Advice!

It looks like the DJI has stalled - as you mentioned Hx3. People don't know what do. They just got confirmation that it is going to be at minimum 2 more weeks before any sort of details emerge from Timmy the tax Cheat on his 'plan'.

Stuff is just unpredictable, nobody knows what is going to happen. Everybody is on the verge of panic. Everybody saw the market shoot up 400 points and it scared everybody to how volatile the market really is based off of a "memo" that simple contained the word Profit.

It is like everything can fall out any any day now.

[edit on 12-3-2009 by Hastobemoretolife]



posted on Mar, 12 2009 @ 01:00 AM
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reply to post by Tentickles
 
Awww Nutz!!!
---
China
CSI 300 INDEX 2,167.27 -53.11 -2.39% 01:37

Shanghai Composite 2,098.233 1:43AM ET -40.792 (-1.91%)
Nikkei 225 7,241.55 1:39AM ET -134.57 (-1.82%)
---
Finally a move!!!


S&P 500 -4.90 715.60 3/12 1:42am
Fair Value 718.36 3/11 9:57pm
Difference* -2.76

NASDAQ -6.50 1118.50 3/12 1:21am
Fair Value 1127.54 3/11 9:57pm
Difference* -9.04

Dow Jones -37.00 6877.00 3/12 1:46am
---
Gold $913.14 ~

[edit on 3/12/2009 by Hx3_1963]



posted on Mar, 12 2009 @ 01:02 AM
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reply to post by Hx3_1963
 


At least the American market moved in the right direction.

Do you think it could be people trying to predict which market will be the safest for their money?



posted on Mar, 12 2009 @ 01:10 AM
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reply to post by Hastobemoretolife
 
I'm not really sure any are safe...Money Markets? Serta?



China's Minmetals Seeking Metal Assets in South America, Southern Africa
www.bloomberg.com...

March 12 (Bloomberg) -- China Minmetals Corp., buying OZ Minerals Ltd. for A$2.6 billion ($1.7 billion), is seeking metal assets in South America and southern Africa, taking advantage of seven-year low commodity prices to secure supplies.

China’s largest metals trader may also “do some domestic acquisitions” this year, President Zhou Zhongshu said today in Beijing. It is still waiting for approval from the Chinese government for its planned takeover of Australia’s OZ Minerals, he also said.

Chinese state-owned companies agreed to invest $22 billion in commodity producers last month, securing iron ore, zinc and copper mines. The global financial crisis has dried up funding options for indebted companies including OZ Minerals.

“We’re also looking at other areas such as in South America and southern Africa where we can purchase nonferrous metal assets,” Zhou said while attending Chinese People’s Political Consultative Conference.

State-owned Minmetals has applied for permission to buy Melbourne-based OZ Minerals through China’s National Development Reform Commission, the country’s top planner, Zhou said. It plans to use OZ Minerals as a base for its overseas business and will “inject assets” into the company should the takeover be successful, he said.
This is the stuff I'm watchin'...

...can you say "Barter? What you Barter Yankee??"
(Think lil' Kim Jong Ill on The Great Khalis/Big Shows back, like Mad Max Barter Town!)


---
Shanghai Composite 2,100.997 1:54AM ET -38.028 (-1.78%)
Nikkei 225 7,229.37 1:49AM ET -146.75 (-1.99%)

[edit on 3/12/2009 by Hx3_1963]



posted on Mar, 12 2009 @ 01:16 AM
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reply to post by Hx3_1963
 


Well damn.

Looks like china is buying up all the metal mines it can. When we get out of this they will emerge the new economic power house. They are trying to get into the G meetings in order for them to push their currency for the next world reserve currency.

America is on week ground right now. And all this talk about spending Trillions more is not helping the situation. This is not looking good.

At least we still have the worlds largest salt mines, for whatever that is worth.


Oh yea I prefer Sealy for my money management needs.



posted on Mar, 12 2009 @ 01:20 AM
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As I've said before:

The second China drops the USD, we're in the dark ages.



posted on Mar, 12 2009 @ 01:24 AM
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reply to post by Hastobemoretolife
 

At least we still have the worlds largest salt mines, for whatever that is worth.
Well...at least the Great Chefs of the world will still have some use for us...

...except now it's socially unacceptable to use much salt on yer food...bad for yer health now..


---
Shanghai Composite 2,109.78 2:01AM ET -29.24 (-1.37%)
Shanghai Composite 2,107.053 2:10AM ET -31.972 (-1.49%)

Nikkei 225 7,198.25 2:00AM ET -177.87 (-2.41%)

Nice sell off at the Nikkei close...a harberger of things fer us???

Can you say "Rotsa Ruk...Rankee"

---
...and the verdict is...*Conk/Boink/Splat/insert yer own Batman SFX Balloon here...*...

S&P 500 -6.40 714.10 3/12 2:11am
Fair Value 718.36 3/11 9:57pm
Difference* -4.26

NASDAQ -8.00 1117.00 3/12 2:10am
Fair Value 1127.54 3/11 9:57pm
Difference* -10.54

Dow Jones -52.00 6862.00 3/12 2:07am
---
S&P 500 -6.50 714.00 3/12 2:20am
Fair Value 718.36 3/11 9:57pm
Difference* -4.36

NASDAQ -8.00 1117.00 3/12 2:10am
Fair Value 1127.54 3/11 9:57pm
Difference* -10.54

Dow Jones -62.00 6852.00 3/12 2:18am


---
European Factors -- Shares seen falling after rally
www.reuters.com...

Nikkei slides 2.4 pct, Topix at 25-year closing low
www.reuters.com...

[edit on 3/12/2009 by Hx3_1963]



posted on Mar, 12 2009 @ 01:35 AM
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reply to post by Hx3_1963
 


I think I have developed another theory, one of possibly hundreds that are probably wrong, but here it is anyway.

Japan is the 2nd largest holder of US debt, could there be a possibility of them selling off our T-bonds? Right now the only people that have money is China. What if Japan worked out some kind of deal to sell China our T-bonds in exchange for a loan to finance their next "stimulus".

Yes, no,



posted on Mar, 12 2009 @ 01:39 AM
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reply to post by Hastobemoretolife
 
Sure it's possible in these trying times...

Chinas sittin' pretty...holdin' all the cards...ect

Man this all sux...human competition..."Why can't we all get along???" (not)


---
Shanghai Composite 2,106.01 2:23AM ET -33.02 (-1.54%)

[edit on 3/12/2009 by Hx3_1963]



posted on Mar, 12 2009 @ 01:40 AM
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reply to post by Hastobemoretolife
 


I have actually pondered that with a group of friends. We decided it was a possibility.

Not only would China then own almost all our T-bonds but they would technically own our country and could blackmail our government.



posted on Mar, 12 2009 @ 01:43 AM
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Major Foreign Holders of T-Bonds

This gives you an idea of how much China has compared to other countries.

Edit: Thought I would add this, it's from 2008 but still a good read to understand more.

China’s Holdings of U.S. Securities:
Implications for the U.S. Economy


[edit on 12-3-2009 by Tentickles]



posted on Mar, 12 2009 @ 01:43 AM
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reply to post by Hx3_1963
 


I tell ya, you would think after Japan spending tons of money on their economy for the past 10 years they would have learned by now that it doesn't work. Instead they just keep repeating the same thing over and over again.

If I was them I would let fail what needs to fail. At this point it is the exact opposite of what they have been doing, maybe it will just work.

@Tentickles

I don't think anybody will buy them, honestly. If China starts a massive sell off of US T-Bonds everybody will know what is up and steer clear away. What they will do though is just stop loaning us money.

Ouch scary, the only move at that point is to switch currencies and leave them holding the bag.

The more I think about this, the more everything is starting look like a World War.

[edit on 12-3-2009 by Hastobemoretolife]

[edit on 12-3-2009 by Hastobemoretolife]

[edit on 12-3-2009 by Hastobemoretolife]



posted on Mar, 12 2009 @ 01:49 AM
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Japan's Funding Crunch Intensifies, Forces Firms to State Lender for Loans
www.bloomberg.com...
Japan’s Funding Crunch Deepening, State Lender Says (Update2)

March 12 (Bloomberg) -- The funding crunch for Japanese businesses is intensifying as foreign-currency financing dries up, forcing larger firms to turn to the nation’s state policy bank for emergency loans, the head of the lender said.

“Not just automakers, but electrical and chip companies, and also other manufacturers, are coming to us in large numbers,” Hiroshi Watanabe, chief executive officer of the Tokyo-based Japan Bank for International Cooperation, said in a March 10 interview. As part of a government program, the bank is lending to “essentially blue-chip firms that are having trouble with cash flow.”

The bank, known as JBIC, has received requests for emergency loans totaling as much as $40 billion since the end of 2008, almost four times its original budget for the fiscal year that ends March 31, Watanabe said. Companies are struggling with a shortage of foreign-currency funding, he said.
Where is all the currency???

Why are so many shortages being reported???

I've seen these claims in Eastern Europe also...

money...money...who's got da money???

Can you say "Sorry all tied up in CDO/CDS...please try later...?" (maybe???)




posted on Mar, 12 2009 @ 01:49 AM
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reply to post by Hastobemoretolife
 


Read the pdf dint you?

It does give you a better understanding of the threat that China gives us.



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