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

reply to post by Rockpuck


How? One guess, they had to pay out on CDS - a lot of them

AIG is basically an insurance company, they insured toxic paper and got a margin call on it

reply to post by redhatty


Yeah, thanks to the fraud at moody's and S & P. Idiots slapping a AAA sticker on BBB and calling it good. Who the hell does business like that and expect NOT to ensure a collapse? It's like trying to put a lower price sticker on a higher price item.

Only in reverse.

Ridiculous.





[edit on 23-2-2009 by projectvxn]

reply to post by redhatty


That is pretty much what I figured. Does anyone know exactly what AIG's share is in the CDS Market? .. Being such a massive entity, I would imagine their risk is incredibly high.. $60 billion loss though is nearly as much as we have given them in loans! AIG may end up being Nationalized, or bankrupt as a result of these losses.. they cannot go on indefinitely.

14 minutes to close. Dow - 234. Not closing at '97 but we are closing at '02's lowest point. tomorrow is another day.

[edit on 23-2-2009 by projectvxn]

reply to post by Rockpuck


Don't you know? The US Government practices Necromancy.
They can keep the dead alive FOR YEARS.

DOW - 250 AIG at 43 cents a share.

They are done for. We can't keep bailing them out. This also exposes the US Government to a CDS collapse. They're holding this #.

Originally posted by projectvxn
14 minutes to close. Dow - 234. Not closing at '97 but we are closing at '02's lowest point. tomorrow is another day.

[edit on 23-2-2009 by projectvxn]

-259 now, a lot can happen in a few minutes

Just wait till Asain Markets open to this news...they ain't gonna like it Lucy!!!


How can those people applaude at the end of the close on Wall St???


[edit on 2/23/2009 by Hx3_1963]

reply to post by projectvxn


Necromancy LOL...

The Feds will no doubt help AIG in some way.. they won't let it collapse, not this late into the game.. I would hazard a guess as another capital injection, or a Back Stop Insurance agreement like on Citi, to the tune of hundreds of billions. Citi's Back Stop is a method to protect losses from "toxic assets" (cds), if AIG has the same exposure, or greater..............

Anyways, 3.5%+ drop on all major indexes .. with last week, this has been another October/November week long sell off... -245.15

New Zealand and Australia open first so that's the first reaction gauge to watch...

New Zealand
NZX 50 FF GROSS INDEX 2,518.29 -20.00 -0.79% 16:02
NZX TOP 10 INDEX 746.84 -7.68 -1.02% 16:01
NZX 15 GROSS INDEX 4,678.14 -44.95 -0.95% 16:02
NZX ALL INDEX 638.36 -5.17 -0.80% 16:02

and the verdict is in...

NZX 50 FF GROSS INDEX 2,505.20 -33.08 -1.30% 16:14
NZX TOP 10 INDEX 743.68 -10.84 -1.44% 16:12
NZX 15 GROSS INDEX 4,659.33 -63.76 -1.35% 16:14
NZX ALL INDEX 635.97 -7.56 -1.17% 16:17

[edit on 2/23/2009 by Hx3_1963]

Scusemee. Teacher, you said that c is the hypothenuse that will direct the Dow up after 2 pm, but the hypothenuse on your drawing is labeled with letter a not c.

Originally posted by stander
All right, class. Today we will discuss the most used theorem of them all: the Pythagorian theorem.

The theorem involves three sides of right-angle triangle, and it says that the sum of the squares made of side a and b equals the area of the square made by the hypothenuse c. To make it short, a^2 + b^2 = a^2. Since the last term c^2 is pronounced "see up 2", we will see the Dow going up after 2 pm, because theorems are the building blocks of mathematics and cannot fail.

Oh, yes. My mistake. Sorry about that.
Let's correct the drawing . . .



There . . .

reply to post by stander


Nice save...

New Zealand
NZX 50 FF GROSS INDEX 2,499.22 -39.06 -1.54% 16:46
NZX TOP 10 INDEX 743.13 -11.39 -1.51% 16:47
NZX 15 GROSS INDEX 4,648.04 -75.05 -1.59% 16:47
NZX ALL INDEX 635.67 -7.86 -1.22% 16:33

Originally posted by Hx3_1963
New Zealand
NZX 50 FF GROSS INDEX 2,499.22 -39.06 -1.54% 16:46
NZX TOP 10 INDEX 743.13 -11.39 -1.51% 16:47
NZX 15 GROSS INDEX 4,648.04 -75.05 -1.59% 16:47
NZX ALL INDEX 635.67 -7.86 -1.22% 16:33

English please. Sorry I know nothing of those markets.

reply to post by elston


they're losing value...dropping...goin' to money heaven...

Originally posted by Hx3_1963
reply to post by elston

 

they're losing value...dropping...goin' to money heaven...

as bad as ours today?

reply to post by elston


on their way at this point, we were down 2.5%-3.5%, and they just opened a hour or so ago...lots of time to go lower...

NZX 50 FF GROSS INDEX 2,494.32 -43.96 -1.73% 17:02
NZX TOP 10 INDEX 740.70 -13.83 -1.83% 17:01
NZX 15 GROSS INDEX 4,645.24 -77.84 -1.65% 17:02
NZX ALL INDEX 635.36 -8.17 -1.27% 16:48

and they are...going lower that is...

[edit on 2/23/2009 by Hx3_1963]

Keep us updated if you wouldn't mind. I'm sure my finance customers here in Chicago are going home to down some pepto and bourbon this evenning.

New Zealand
NZX 50 FF GROSS INDEX 2,486.23 -52.05 -2.05% 17:31
NZX TOP 10 INDEX 737.97 -16.55 -2.19% 17:30
NZX 15 GROSS INDEX 4,628.74 -94.35 -2.00% 17:30
NZX ALL INDEX 634.22 -9.32 -1.45% 17:19

and it continues...lower...

reply to post by stander


actually you were right about going up after 2...it did...then back down again...

Australia
S&P/ASX 200 INDEX 3,312.10 -39.10 -1.17% 18:07
S&P/ASX 300 INDEX 3,298.50 -38.80 -1.16% 18:08
ALL ORDINARIES INDX 3,269.00 -35.10 -1.06% 18:08

New Zealand
NZX 50 FF GROSS INDEX 2,485.44 -52.84 -2.08% 17:47
NZX TOP 10 INDEX 737.49 -17.03 -2.26% 17:35
NZX 15 GROSS INDEX 4,627.86 -95.23 -2.02% 17:45
NZX ALL INDEX 632.67 -10.86 -1.69% 17:35

[edit on 2/23/2009 by Hx3_1963]