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

So I check my email box today and find an email from my senator, David Vitter

Dear Friend,

Last week was another bad week for the American taxpayer.

Each taxpaying household has lost $1,082 of its "investment" in the bailout program.

The Ethisphere Institute, a non–partisan research think tank, has created an index to track the American taxpayer’s investment in the capital purchase portion of the bailout program. When the markets closed last Friday, March 6, 2009, the Ethisphere TARP Index was down roughly $123 billion out of the original investment of $306.1 billion — a loss of 40 percent!

I led the fight against releasing the additional funds for the bailout program because I had a number of significant concerns with it – the most alarming is that the program simply hasn’t worked. These numbers from last week underscore that point.

Rest assured that I will continue to demand more accountability and transparency in how our taxpayer dollars are spent, and I will be an outspoken advocate for taxpayers and fight these widening bailouts.

Man we are so Scroomed.

Couple of tickers today
Madoff, Banking, Morgan And More
FLASH: Is "The Bezzle" Going To Come Out?

reply to post by redhatty


"Scroomed" I like that word,am going to borrow the use of it,okay?



"The markets are up because it is obvious the banks won't fail no matter what. This means the long promised derivative collpase has been put to bed. With that put to bed people can look forward to the future once again. The future isn't collapse and chaos any longer. The folks that brought you all over to the dark side are losing their grip and will be defeated. In a year people will be in amazement, wondering what happened when the world was suppose to go broke."

I would seriously like NOTHING better than to have even a shred of evidence that this is "all over" and it will "be better soon" but I can't so I will agree with "scroomed".
The vastness of the issues and problems are overwhelming and the solutions are non-existant that I have seen thus far.
Even faith has to be backed by something tangible,I've been an investor for over 20 years and this current climate is overwhelming and un-precedented.
From your lips to "their ears" my friend!

[edit on 12-3-2009 by irishchic]

reply to post by Disgustedbyhumanity

It is all false indicators. If you look back a bunch of pages lots of people on here are predicting a rally before the big crash. Some were predicting a rally a little later on in the year though.

The reason T-bills are up is because China is buying our debt to finance this stimulus package. Then there has been news leaking out of several companies that they are laying off some workers from some divisions and expanding other divisions within their companies.

So some companies aren't as bad off as originally thought.

Other than though we don't have a liquidity problem we have a debt problem.

I could be totally off base here, but is it possible this rally is a organized effort to prove to China we aren't in a "dead cat bounce"? Maybe to convince them we're better off than we actually are?

Here's a bit of somewhat related, interesting news:
sg.news.yahoo.com...

Is all of this economic turmoil going to benefit China greatly? I feel like, if we fall too far/fast, China will see us as a 'bad investment' and eventually find a way to cut us loose. They could likely have a booming economy if they figure out how to cut the strings that tie us to them. Eventually they could create a strong bond with India and other like-nations to fill the hole we leave.

I guess the good news is we'd have some good friends in venezue... no... em, Iraq... not there either... how about.. well, I'm sure SOMEONE will still be willing to work with us.

reply to post by Avarus


haha, too true on the friend factor there Avarus, with America playing school bully for so long and screwing over the rest of the industrialized world we have lost all our friends.
We've either pushed them away through war, politics or just plain hatred.
Bad move on our part.

Here's what the USA has done to the rest of the world.
[atsimg]http://files.abovetopsecret.com/images/member/4d3ac03809aa.jpg[/atsimg]

Look at his face he's obviously not happy.

[edit on 12-3-2009 by Tentickles]

Guess I'm gonna watch the masses hop on the Gov's newest ride..."The Beast".

It starts when the masses climb in at the loading station.

They are then transported up a huge incline by motor driven chain.

At the top of the $11B peak the cars pass the point of no return and the cars begin their desent.

As speed builds, twists and turns multiply, the masses scream and the ride continues on.

The only problem is...the park ran out of funding in the winter and never finished the ride...just kinda ends, pointing in the general direction of dispair...

The moral of this story once again?

Buy on the rumor...sell on the news...the market has a very short memory and has never listened to The Who..."We won't get fooled again"???

They are "getting fooled" as I post this...

G-20 Moves Focus From Regulation as Economy ‘Battling For Life’
www.bloomberg.com...

“It’s like a patient battling for life in an emergency room,” said Nouriel Roubini, a professor at New York University. “That’s not the time to advise about the benefits of exercise and healthy diet. You have to first make sure the patient survives.”

The prognosis is worsening and failure to find a cure may disappoint investors as G-20 leaders prepare for their own summit in three weeks. The International Monetary Fund expects the first global contraction in six decades and equity investors are $3 trillion poorer than a quarter ago.

Europeans Could Balk at Geithner's Call for More Spending
www.foxnews.com...

The U.S. mantra of spend, spend, spend is starting to wear thin on the other side of the pond.

European countries appear to be at odds with Treasury Secretary Timothy Geithner's fresh calls to unleash more stimulus money and free up a half-trillion dollars to lend to struggling countries.

It could lead to a tense discussion as Geithner heads to Britain to meet with finance officials from the Group of 20 nations Friday and Saturday. Those meetings come ahead of an April 2 summit of the G-20 in London.

As the U.S. calls for more spending, more Eastern European countries also are coming to the table hat in hand, looking for financial help from the International Monetary Fund and other groups -- but does the rest of the world have the money to give?

"We're just getting into the worst of the crisis in a global sense," said Ralph Bryant, a senior fellow at the Brookings Institution who specializes in international economic issues. "Many developing countries ... are just beginning to feel the really bad effects."

---
Nikkei 225 7,501.57 8:34PM ET 303.32 (4.21%)
---
Warren Buffett's Berkshire Hathaway Loses Top AAA Credit Rating From Fitch
www.bloomberg.com...

General Electric Advances on Investor Relief S&P Rating Cut Wasn't Deeper
www.bloomberg.com...

[edit on 3/12/2009 by Hx3_1963]

Citi insiders SEC Form 4 Filings, posted by OBE1 on another thread.

www.secform4.com...

Look at the shopping spree that went on 2009/03/02

And also look at who were the buyers.

Originally posted by irishchic

Will consider posting more pics for you when the Dow goes back up to let's say 12,000 and stays there for a while?

We all have to take our chances in this financial climate,right?


[edit on 12-3-2009 by irishchic]

That's funny, my wife told me that the next time we will be having sex is when the dow reaches the 12,000 mark.

If that ever happens, Night Watchman is going to be one happy guy.

reply to post by marg6043
Between that buying and the memo, I think someone should be looking into to this pronto!!!

Major big time scam!!!

I can't believe not one word mentioned about it yet...well...except us...

---
Nikkei 225 7,510.99 9:47PM ET 312.74 (4.34%)
Shanghai Composite 2,133.93 9:51PM ET 0.04 (0.00%)
---
S&P 500 -3.30 745.10 3/12 9:55pm
Fair Value 718.36 3/11 9:57pm
Difference* +26.74

NASDAQ -2.00 1161.00 3/12 8:15pm
Fair Value 1127.54 3/11 9:57pm
Difference* +33.46

Dow Jones -17.00 7099.00 3/12 8:24pm
---
Gold $924.05
---
BTW: My fingers are killin' me...all the bad news is turning my depression validated into a never ending CC&P chore...

---
BTW: Why aren't they talkin' about the terrible house numbers?

Foreclosures Up 30 Percent in February
www.foxnews.com...

[edit on 3/12/2009 by Hx3_1963]

reply to post by Hx3_1963


Well if it means anything, I appreciate all the hard work you are putting in to keep us updated. Along with everyone else.

Thanks.

It is funny how you mention the markets have a short term memory, you have to hand it to them though, most brokers and day traders are a little overly optimistic. More than I can say for myself.

reply to post by Hastobemoretolife
Star 4 U!

Yeah if they're pinnin' all this on this G-20 nonsense they're gonna be disappointed...
---
S&P 500 -3.30 745.10 3/12 10:04pm
Fair Value 747.45 3/12 10:06pm
Difference* -2.35

NASDAQ -4.75 1158.25 3/12 9:58pm
Fair Value 1165.80 3/12 10:06pm
Difference* -7.55

Dow Jones -17.00 7099.00 3/12 8:24pm

reply to post by Hx3_1963


Agreed, how do you think the market will react if they offer the news of a "global currency"? I have a feeling it will set off a panic, being untested waters and all. Some will buy into it, but I think for the most part everybody will run for the hills.

Not to mention the G20 is not very happy with us. All Obama and friends want to do is spend money and it sounds like they are actually getting testy with the G20 to try to force our hand.

[edit on 12-3-2009 by Hastobemoretolife]

I'm predicting blockbuster day tomorrow!

Dow +1400!

Yes...i'm predicting these numbers with my vast expertise on wall street.

You heard it here first folks!



I hope it flattens out for a bit to be honest...and that's only because there seem to be many people calling for a big bear rally...and then kaboom...big market selloff.

Another day of transformation for the country....

LAYOFF DAILY
Thur 3-12-2009

Greene County Jail -10
Advanced Energy Industries -330
Two North Dakota Newspapers -33
Bay Area Medical Center -16
Sea Ray -140
PC Connection -100
PPG -2,500
Fresno Bee -63
Toronto School District -150
South Carolina Unemployment Hits 10.4%
Excel Polymers 3rd Round Of Layoffs -80
Woodward Communications Inc. -24
ATT Eau Claire WI -20
AOL Fires Everybody In China -100
Hawaii Proposed Budget Includes -374
Grady Hospital -150
Philadelphia Orchestra - 12
Owens Corning Guelph Plant -50
City Of Denham Springs LA -10
Saab -750
Elgin School District -350
Tween Brands Closing 30-40
AG Closing 2 European Plants -1,900
Frank Chervan Inc. Closing Lumber
Mill -60
Siemens Energy Closing Plant -174
Workers Cut At Gap Distribution Center
Kronenke Sports -27
Whistler Backcomb Ski School -100
Denver Sheriff's Deputies -11
Salinas School District -70
Layoff Rumors At Google
Marion County SC Unemployment Hits 22%
UJA-Federation Of New York -52
O'Brien Steel -32

reply to post by spinkyboo


Only 7728 in that list, based off the numbers.

Not as bad as what we have seen, but what I did notice is that county budgets are starting to get cut and lumber mills are closing. Not good.

reply to post by Hastobemoretolife
That's about half of the numbers posted yesterday, but, there were multi-national layoffs in that one...

---
S&P 500 -3.30 745.10 3/12 10:38pm
Fair Value 747.45 3/12 10:06pm
Difference* -2.35

NASDAQ -4.75 1158.25 3/12 9:58pm
Fair Value 1165.80 3/12 10:06pm
Difference* -7.55

Dow Jones -17.00 7099.00 3/12 8:24pm
---
Nikkei 225 7,514.23 10:30PM ET 315.98 (4.39%)
Seoul Composite 1,130.62 10:37PM ET 2.23 (0.20%)
---
Gold $923.26
---
BTW: I think GM shutting down production in a euro zone country helped not needing $2B from US Gov this month?

[edit on 3/12/2009 by Hx3_1963]

Originally posted by Hastobemoretolife
reply to post by spinkyboo

 

Only 7728 in that list, based off the numbers.

Not as bad as what we have seen, but what I did notice is that county budgets are starting to get cut and lumber mills are closing. Not good.

I thought the same thing - numbers are less today.
I didn't really think specifically about the lumber mills -
but you are right - not good.

Strange days indeed. Major transformation for our species.
I came from a family where they were resourceful.... almost to a fault.
I think we will see more of this in the coming days.
We will learn to use what we already have - and find very creative ways to exist.
It isn't all bad.

Originally posted by Hx3_1963
reply to post by marg6043

 

Between that buying and the memo, I think someone should be looking into to this pronto!!!

Major big time scam!!!

I can't believe not one word mentioned about it yet...well...except us...

---
Nikkei 225 7,510.99 9:47PM ET 312.74 (4.34%)
Shanghai Composite 2,133.93 9:51PM ET 0.04 (0.00%)
---
S&P 500 -3.30 745.10 3/12 9:55pm
Fair Value 718.36 3/11 9:57pm
Difference* +26.74

NASDAQ -2.00 1161.00 3/12 8:15pm
Fair Value 1127.54 3/11 9:57pm
Difference* +33.46

Dow Jones -17.00 7099.00 3/12 8:24pm
---
Gold $924.05
---
BTW: My fingers are killin' me...all the bad news is turning my depression validated into a never ending CC&P chore...

---
BTW: Why aren't they talkin' about the terrible house numbers?

Foreclosures Up 30 Percent in February
www.foxnews.com...

[edit on 3/12/2009 by Hx3_1963]

Why would there be a scam if C insiders are buying stock?

They have to file that form if you are an officer or % shareholder of a company, I'm assuming you know this already though..

reply to post by Hx3_1963


I think GM shutting down has a lot to do with the tensions between the G20 and US too. Here we just spent 787 billion dollars on pet projects and GM is starting to look like they are going to declare bankruptcy.

The Obama admin declaring war on the producers is really putting us in a pinch. They are acting like the World has to bend over and take our every desire. That would have been true a few decades ago, but we are living in a new world now.

reply to post by spinkyboo


I saw a steel mill is laying off 32 people. That is not good either. I've said it before but we are going through a paradigm shift as far as world power goes.

It will be a much simpler life that is for sure. For a little while it is going to be you work you eat. If you have no legitimate excuse not to work such as a disability or whatever, I don't think you're going to make it.

Everybody is going to have to be productive, or you're going to get run off. Also people are not going to tolerate people trying to squander away stuff that a community has worked to build and supply to people that refuse to work.

It is going to be real simple, you work you eat. You don't work you starve.

[edit on 12-3-2009 by Hastobemoretolife]

S&P 500 -2.60 745.80 3/12 11:04pm
Fair Value 747.45 3/12 10:06pm
Difference* -1.65

NASDAQ -4.75 1158.25 3/12 9:58pm
Fair Value 1165.80 3/12 10:06pm
Difference* -7.55

Dow Jones -28.00 7088.00 3/12 10:48pm
---
Gold $923.50
---
Nikkei 225 7,514.23 10:30PM ET 315.98 (4.39%)
(lunch time...see if it drops like last nite...)
Hang Seng 12,364.27 11:05PM ET 362.74 (3.02%)