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

GM hits lowest level since 1938. I has less than one billion in market capitalization. That company is doomed.

reply to post by burntheships


I'll bet any amount of money that B of A is seized over the weekend.
Surprised there was no run today.

reply to post by BostonBill99


at this point Citigroup Inc. might go 1st

Change:-0.85 -33.86% $1.66

Holy crap Dow is crashing hard! 7273!

We are screwed. And these people have no idea what is going on.

reply to post by BostonBill99


Yes BofA bound for another merger/buyout/takeover. When Wamu went down, there had been a run for 10 days, but it was kept hush. Not untill it was bought by Chase did the media report.

Also, I am suprised that Citi has not been seized.

Originally posted by burntheships
reply to post by BostonBill99

 

Yes BofA bound for another merger/buyout/takeover. When Wamu went down, there had been a run for 10 days, but it was kept hush. Not untill it was bought by Chase did the media report.

Also, I am suprised that Citi has not been seized.

Shhhhh.... after the bell. You don't announce stuff like that during trading! They should have done it last Friday to take advantage of the 3-day weekend. Monday will be interesting.

J.C. Penney reports 51 percent slide in 4Q profit

51% slide in JC Penney stock. These are huge losses.

BofA, Citi shares fall on nationalization fears

I'd like to drop this thread here:

From ATSNN:

www.abovetopsecret.com...'

Hmm Fidelity just renamed my retirement account from 401k to 200.5k think they are trying to tell me something?

reply to post by Mainer


I'd say so. Cash it out before they get rid of the K!

Take you money and put some in gold and buy more ammo.

Each bank has already received $45 billion in government aid in recent months and a backstop on losses on toxic assets. The aid exceeds the banks' current market value.

Where has all the money gone?

Last month, Bank of America posted its first quarterly loss in 17 years, after mounting losses at Merrill Lynch. Citigroup has lost $28.5 billion in the last 15 months, hammered by bad debts and toxic assets.

There you have it. Bad Debt and Toxic Assets! Oh...and that safe under the bed.

Exactly what happened in the last 20 minutes to cause the markets to jump up almost 2 percent in some cases? Are they getting ready for the last hour when they can't halt trading?

never mind there was a comment from the white house bringing it back up story on rueters
yeah can't let it continue to crash after our new saviors speak, now can we.....

[edit on 20-2-2009 by xoxo stacie]

reply to post by Mainer


LOL. Thanks for the giggle. Need a little of that in these depression I mean depressing times.

deleted, double post

[edit on 20-2-2009 by sweetpeanc]

Originally posted by xoxo stacie
Exactly what happened in the last 20 minutes to cause the markets to jump up almost 2 percent in some cases? Are they getting ready for the last hour when they can't halt trading?

Usually the invisible hand waits until 3pm to intervene. According to Bloomberg, "U.S. stocks pared declines following a report that the Treasury Department will release some details of its plan to rescue the financial system next week. "

Link

It makes no sense to me, so it must be the invisible hand. Or inside info about the govt buying the banks leaked so people are pumping and dumping BoA and Citi or something.... strange.

[edit on 20-2-2009 by nydsdan]