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

Better get the extra strength 'Shout' out of the laundry cupboard . . . there's gonna be some serious shorts skiddoddles by the end of today . . . it would appear the only thing left giving investors any kind of confidence is gold. Any semblence of good news bursts like a firework, and fades as quickly

It's setting up to be ugly.

reply to post by pause4thought


The market is not only spoked is downright showing that we never overcame the last crash, it was just pached up until the next round of what and ifs, speculation at its finest and hopes of a better future.

But things has not gone really the way the so call economic thinkers and geniuses wanted. Remember the old economic thinkers vs the new ones, the old ones told the truth the news where all about hope and that is what the governemnt wanted while shuting down the lessons of the old.

Now, they are calling it corrections, well let see how the too big to fail are going to take the downfall this time, perhaps their volts are full of all that bailout money that they took and never put it into the economy as promised to help the nation and that will save the day, perhaps they just gave it to themselves to pay for their outrageous bonuses and incentives, or just put it back in their sheets to show profits when there were none, who knows, all I know is that our nations working class and quality of life has fallen steadily since the last crash and we have not recovered a darn thing, but the government keeps lying about recovery.

reply to post by marg6043


Very few people could have imagined the UK would one day be in the grip of gangs of marauding teenaged looters and arsonists. It's the stuff of science fiction.

Likewise how many people have actually opened their minds to the possibility the entire financial system might be nothing but a confidence trick? Governments would never behave like the debt-addicted generation they represent, would they, paying for unimaginably impossible debts by going ever deeper and deeper into debt until the only solution is insolvency or a complete write-off?

It's the stuff of science fiction.

Or are traders across the world beginning to open their minds?..

reply to post by pause4thought


Science Fiction it is. I remember Antony Burgess' "Clockwork Orange" and "The Wanting Seed". It's all there.

And I agree, it is all matter of confidence, or faith, as it used to be called centuries ago.

Promise (hope) is what makes the world go round, not money.

reply to post by DangerDeath


Well said.

So where does current confidence originate? Some of the very most intelligent people see no fundamental obstacles to global growth for many years to come.

Or is it just that they know full well it will all come tumbling down at some point, but the fact profits can still be made from short-term fluctuations is in itself enough to generate the optimism that keeps things going?

Alternatively, has anyone, anywhere articulated a coherent explanation of how the obvious inability of numerous governments to pay off their debts in the medium to long term (- exacerbated by gargantuan bailouts/QE -) will not inevitably lead to uncontrollable inflation and the implosion of national economies?

reply to post by pause4thought


The current confident came, first from France reassuring investors that they are not going to lose their rating like US.

The second biggest was that EU banks will be getting together tomorrow to talk on the situation that has prompted the downfall of the US markets lately and the EU.

In other words the "promise and hope" of a bandaid like the US bailouts is running the markets today.

But sadly is nothing but that a bandaid.

Well, I think it's too simple to believe it.
They often use word "fear", like: markets (investors) become volatile because of fear. Then, governments or bankers come to rescue and comfort people. It is basically emotional addiction and inability to switch from one system of (unfair) exchange to something better. Most people are this infantile. Basic emotions that we are all taught by our mothers when we are just few months old. And we cant stand it if alone. We need a hug. Really...

As for government's ability to really make sure economy functions - I really don't know one example that it ever happened. It is the job of government to pretend to fail while massive thievery of the so called elite is going on, visible to all, yet forbidden to point at without "proof".

It reminds me of the false dilemma: is there water on Mars. Everyone knows there is water on Mars, but there is no proof yet!

reply to post by marg6043


A bandaid, or perhaps something more substantial?


[atsimg]http://files.abovetopsecret.com/images/member/f4bfff93548e.jpg[/atsimg]




reply to post by DangerDeath

Then, governments or bankers come to rescue and comfort people. It is basically emotional addiction... Basic emotions that we are all taught by our mothers when we are just few months old. And we cant stand it if alone. We need a hug. Really...

Are you equating your mother with the banksters? Man, you need therapy!


(Truly insightful, nonetheless.)

reply to post by pause4thought


Actually is funny because without France and Germany to vote on the "bandaid" I mean bailout is not going to happen, they already has voiced that they will not vote.

So expect the nice rally to come down toppling again the markets next week.

reply to post by marg6043


I agree we seem to have entered a renewed period of instability, with downward pressures coming from virtually all directions.

It is very difficult to see how one or more of the Eurozone countries will not eventually default on its debts. Yet there seems to be a collective denial of the facts. Which is where DD's psychoanalysis comes in very handy.

I just wish I could believe the 3%+ gains on both the FTSE and the Dow seen so far today meant something. Sadly even such rallies are dwarfed by the overall scheme of recent losses.

reply to post by pause4thought


The markets are been driven by "hope" today and hope is not substantial and neither long term, if nothing happens next week from the Euro-zone banks things are going to get very ugly.

I don't know, but this looks like (like in some cartoons) someone is shaking someone out of his pants.

This has to be intentional.

Fresh example:

In Montenegro, 200 cars, kept in one place, have been burnt. Those were cars taken at customs, with improper documentation. Some very expensive cars. Someone has put them on fire. Also, there are other arson at the same time. And it wasn't hooligans like in UK. Makes one think, was the British uprising planned by someone other than poor kids? What would be the purpose of all this?

To cover some big thieves? Destroy the evidence, like in building 7, which might have been the main target, despite the spectacular destruction of WTC...

Well this is bad...

"Horrible" 30 Year Bond Auction Prices With Unprecedented 11 bps Tail

The just completed auction of $16 billion in 30 Year bonds, was, as Rick Santelli said, "a failure". And while this may be a little dramatic, this was without doubt one of the ugliest 30 Year auctions ever seen. The 30 year priced at 3.75%, a huge 11 bps tail to the When Issued which was trading at 3.64%, the Bid To Cover plunging from 2.80 to 2.05, the lowest since February 2009, and, most shockingly, the Indirect Bidders Imploded to a paltry 12.2%! Those wondering if Chinese posturing would led to anything more than just jawboning have their answer. The Indirect tendered bids were just $3 billion or about 20% of the total auction size, which resulted in a $2 billion take down. It was so bad that the Directs were for the first time in 30 Year history greater than the Indirects.

reply to post by Vitchilo


Well I least we know that is not confidence anymore on bonds, well at least for now, I guess hope can cause an effect, reality is another thing.

Let see tomorrow.

reply to post by Vitchilo

The 30 year priced at 3.75%, a huge 11 bps tail to the When Issued which was trading at 3.64%, the Bid To Cover plunging from 2.80 to 2.05, the lowest since February 2009,

Target for the 30 year is close to 4% and the US stock markets may well slide till that is reached.
This is a new volatile pattern we are seeing stocks down 4.45 percent then immediately up 3.79 percent.
It's not over but at least the market volatility is bringing money into the markets "eat its Buffet"
The Dow Jones has support near 10,000 so I wouldn't forecast an apocalypse as long as that holds.

Short-selling is bad.

France, Italy, Spain and Belgium have banned short-selling of the shares of banks and other financial companies.

www.bbc.co.uk...

Societe Generale has been the worst affected by the volatility, being forced on Wednesday to deny that its financial stability was at risk.

Short-selling is when traders profit from bets on the fall in a share price.

It has been blamed for increasing recent market instability.

Short-sellers usually borrow shares or bonds, sell them, then buy them back when the stock falls - pocketing the difference.

"Naked" short-selling is when a trader sells financial instruments he has not yet borrowed.

All forms of short-selling are included in the ban.

Mr Oudea also spoke to France Info radio. "People are scared," he said, "so the tiniest information touches off irrational fears. To our clients, we have to tell them that these rumours are baseless and that they can have confidence in Societe Generale."

People are scared. Lets hug them a little bit. Then let the "information bits" storm again. Sell them "food stamps".

Banks, who have nothing but other people's debt, drive markets like oxen with whip.

That is not economy, that is reality show. Taxing is economy. But, one must not believe it.

Originally posted by DangerDeath

Short-selling is bad.

Well banning it is even worse. Banning short selling = shares affected will go down... that's what history shows anyway.

And guess what... the short selling ends on AUGUST 26... the day Bernanke will surely announce QE3...

The government sure don't want the stock market to go down....even if it does in real value.

Video tells it like it is.

Fantastic, now the new appointed by Pelosi economic committee of Obama is going to cut more taxes to the rich, so with 51% of the population no contributing to any taxes, how in the hell the debt is going to be pay.

Republicans love their rich counterparts and they will never vote on raising taxes to the rich, but continue to keep the Bush taxes even if that means screwing the hard working class in the way, after all both parties needs their wealthy contributors for their campaigns.