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

WTH happened to the magical 100+ point jump at 3pm today? Was the invisible hand asleep at the wheel?

I was actually starting to have fun watching the market bounce every afternoon between 3pm and 5pm. It got to the point where it was so predictable that I was starting to win little bets around the office. (We bet on the supplies and desk goodies left over from the 30% of our staff we have had to let go over the past 3 mo.)

Anybody want to take a bet on +300 tomorrow? There is a nice Swingline (black, not red) stapler, a few rulers and lots of 3-hole punchs left over from the last round of layoffs.

NIKKEI 225 7,195.99 -180.17 -2.44% 19:33
KOSPI INDEX 1,058.81 -40.74 -3.71% 19:32
S&P/ASX 200 INDEX 3,306.00 -45.20 -1.35% 19:52
NZX TOP 10 INDEX 737.98 -16.55 -2.19% 19:31

reply to post by Hx3_1963


I've been wondering if there's a "live" world stock ticker in the form of a graph that updates automatically somewhere. I saw someone post smartmoney.com, but I was curious where you got your information. I'd love to keep an eye on it in the background during work.

Hey guys - pop on over to Denninger's Market Ticker!!!


You have GOT to read this one!!

reply to post by Avarus

This is my Hobbysite I built to keep a eye on things
multimedia-mirage.redirectme.net...
It's a limited 40 connection iis site so you might get 403's but you can try it

HangSeng opens 3.4% down now at 3.26% down (-428.85)

They are following in our footsteps

well that sux...bloomberg is down...

reply to post by Hx3_1963


If you use Firefox browser, there is an add on called StockTicker that is pretty awesome. I have mine set to a 3 sec delay for the rolling quotes.

You just have to know the symbols to enter for it to follow, but it has a help page for symbol lookup

Check it out

reply to post by Rockpuck



From this point on, nothing they do should be referred to as anything other than necromancy. These companies are effectively dead. The idea that we will some how make our money back later just kills me.

^SSEC Shanghai Composite 2,245.42 Feb 23 Down 60.36 (2.62%)

^HSI Hang Seng 12,713.64 11:50PM ET Down 461.46 (3.50%)

^BSESN BSE 30 8,627.89 11:55PM ET Down 215.32 (2.43%)

^JKSE Jakarta Composite 1,292.90 12:04AM ET Down 19.54 (1.49%)

^KLSE KLSE Composite 887.83 Feb 23 Down 1.88 (0.21%)

^N225 Nikkei 225 7,214.27 11:45PM ET Down 161.89 (2.19%)

^NZ50 NZSE 50 2,487.53 Feb 23 Down 50.76 (2.00%)

^STI Straits Times 1,601.58 11:50PM ET Down 29.11 (1.79%)

^KS11 Seoul Composite 1,066.30 11:45PM ET Down 33.25 (3.02%)

^TWII Taiwan Weighted 4,439.41 11:45PM ET Down 38.37 (0.86%)

AIG: Inquiring Minds Want To Know

The history of AIG includes....

1919 The AIG companies were one of the very few U.S. companies to have their origins in China when their founder, C.V. Starr, formed American Asiatic Underwriters in Shanghai.

1921 C. V. Starr founded Asia Life Insurance Company, the first foreign life operation to offer products and services to the Chinese people.

1931 International Assurance Company, Ltd was established. It was renamed American International Assurance Company, Limited in 1948.

1975 AIG former Chairman & CEO, Maurice R. Greenberg, made his first visit to Beijing and has since traveled many times to China.

1980 The AIG companies opened a representative office in Beijing, the first set up in modern China by a foreign financial institution. China America Insurance Company (CAIC) was formed as a 50-50 joint venture between AIG companies and the People's Insurance Company of China (PICC). This was the first joint venture between a foreign insurance organization and PICC.

1990 The AIG companies organized, financed and chaired a major financial services conference in Shanghai to assist then Mayor Zhu Rongji in introducing the international financial community to investment opportunities in Shanghai.

1992 The AIG companies strengthened their presence in China through a branch office of AIA in Shanghai, the first foreign-owned life and non-life insurance business to receive a license from the People's Bank of China.

1994 AIA-Shanghai and Fudan University jointly established AIA-Fudan Actuarial Center. AIA Information Technology (Guangzhou) Co., Ltd. was established.

1995 The AIG companies were granted life and non-life insurance licenses for Guangzhou by the People's Bank of China.

1996 AIA signed a 30-year lease agreement on the building at 17 Zhongshan East No. 1 Road in the heart of Shanghai's famous Bund. This special building was home to C. V. Starr's original Shanghai insurance companies. AIA-Zhongda Actuarial Center was established in Guangzhou.

1997 On approval from the People's Bank of China, AIA Shanghai General Insurance Division was re-named and established as AIU Insurance Company Shanghai Branch.

1998 AIA celebrated its historic return to Shanghai's Bund.

1999 The AIG companies obtained licenses from the China Insurance Regulatory Commission (CIRC) to operate life and non-life insurance business in Foshan and Shenzhen. AIA and AIU Foshan sub-branches and Shenzhen branches were officially opened to operate life and non-life insurance. AIA-Keda Actuarial Center was established in Hefei, capital of Anhui province.

2000 AIA Information Technology (Beijing) Co. Ltd. was established.

2001 The AIG companies were granted approval from the CIRC to set up wholly-owned life insurance operations in Beijing and Suzhou, as well as two sub-branches in the cities of Dongguan and Jiangmen in Guangdong Province. A representative office was opened in Chengdu, Sichuan Province.

2002 AIA branch offices were opened in Beijing and Suzhou, and sub-branch offices in Dongguan and Jiangmen. AIG Consulting Services Co, Ltd. was established in Beijing. AIG Global Investment Corporation (Asia) established a representative office in Shanghai. AIA-Beida Actuarial Center was established in Beijing.

2003 The AIG companies acquired a 9.9% stake in PICC P&C's outstanding share capital at its Initial Public Offering in Hong Kong, and reached a co-operative agreement with PICC P&C to develop the accident and health insurance market in China.

2004 AIG Global Investment Corporation, Huatai Securities Company Limited and three other participants were granted approval from the China Securities Regulatory Commission (CSRC) to start preparatory work for the establishment of AIG-Huatai Fund Management Company Limited. The compamy was approved to open business in November.

2005 Approved by the China Securities Regulatory Commission, The Ministry of Commerce and the State Administration for Industry and Commerce, AIG Global Investment Corp. raised its stake in AIG-Huaitai Fund Management Company Limited, from 33 percent to 49 percent. AIG Private Bank Ltd. received approval from the China banking Regulatory Commission to set up its representative office in Shanghai. It is the first foreign private bank to receive approval to open a representative office in Shanghai.

Oh it get better. Apparently we're bailing out a Chinese company with our tax dollars.

Read on:

Hmmmm.

Note that AIG has been selling insurance in China.

Remember this video from the bailout debate?

Assets.

Hmmmm... we all assumed those "assets" were mortgages.

But were they mortgages?

Maybe not.

$150 billion in "loans" out thus far to AIG.

An extraordinary amount, more than extended to any other institution - even more than Fannie and Freddie (each.)

Even Citibank, which has come to the TARP window twice, has only an asset guarantee, not an operating line of credit of that size. We've also "guaranteed" (or "taken on") tens of billions more in "bad assets" (presumably credit-default swaps, which might be open-ended obligations.)

Now AIG, a company founded in China in 1919, with very strong ties in China, is about to report a $60 billion dollar loss in one quarter and is reported to be seeking even more money - or at least a conversion to common equity - from the federal government.

This is what The Fed said in November:

“Counterparties around the world continue to have significant exposure to AIG, and market conditions continue to be fragile and sensitive to the potential disorderly failure of AIG,” the Fed said in a report in November.

Its been three (more) months. Have those exposures been unwound?

If so, nobody's said a thing about it.

How come?

More to the point, exactly who are we bailing out here? You did say "around the world", right?

Are we bailing out AMERICAN companies?

What the # is going on here? Maybe there's alot more to this China thing than we thought.



[edit on 24-2-2009 by projectvxn]

[edit on 24-2-2009 by projectvxn]

NIKKEI 225 7,268.56 -107.60 -1.46% 02:00
HANG SENG INDEX 12,798.52 -376.58 -2.86% 03:10
CSI 300 INDEX 2,301.85 -108.63 -4.51% 02:01
TSEC TAIWAN 50 INDEX 3,217.54 -39.97 -1.23% 00:35
KOSPI INDEX 1,063.88 -35.67 -3.24% 04:02
S&P/ASX 200 INDEX 3,331.60 -19.60 -0.58% 00:47
NZX TOP 10 INDEX 738.53 -16.00 -2.12% 23:31
JAKARTA COMPOSITE INDEX 1,295.87 -16.57 -1.26% 05:09
STRAITS TIMES INDEX 1,614.44 -16.25 -1.00% 04:10
HO CHI MINH STOCK INDEX 235.50 -8.52 -3.49% 23:01

Vietnam, China, South Korea & Hong Kong seem to have taken the brunt of the losses last nite...how the winds of change have turned...guess someomes not happy about...???

FTSE 100 INDEX 3,825.05 -25.68 -0.67% 07:22
DAX INDEX 3,873.62 -62.83 -1.60% 07:23
CAC 40 INDEX 2,705.26 -22.61 -0.83% 07:23
SWISS MARKET INDEX 4,700.82 -96.30 -2.01% 07:22
OMX Iceland 15 Index 276.69 -7.65 -2.69% 07:22
OMX COPENHAGEN 20 INDEX 248.54 -6.34 -2.49% 07:37
BUCHAREST BET INDEX 1,929.25 -43.46 -2.20% 07:21

LUXEMBOURG LuxX INDEX 836.46 -30.92 -3.56% 07:28
IRISH OVERALL INDEX 1,980.19 -69.71 -3.40% 07:22
AUSTRIAN TRADED ATX INDX 1,406.15 -57.31 -3.92% 07:22
CROATIA ZAGREB CROBEX 1,393.96 -63.49 -4.36% 07:21
SBI20 Slovenian Total Mt 3,638.05 -135.39 -3.59% 06:59
TADAWUL ALL SHARE INDEX 4,515.30 -236.15 -4.97% 07:18
DFM GENERAL INDEX 1,589.81 -63.17 -3.82% 04:58
MAURITIUS STOCK EXCHANGE 961.05 -31.18 -3.14% 03:30

China's Wealth Fund Said to Be Planning $3 Billion Investment in Fortescue
www.bloomberg.com...

Fortescue Metals Confirms Talks With China's Wealth Fund, Steelmaker Valin
www.bloomberg.com...

Rio Tinto, OZ Minerals China Sales Probed by Australia Antitrust Regulator
www.bloomberg.com...

FUTURES FAIR VALUE (-11.22)
@ 8am est 7104.78 7166.0 61.22
@ 9am est 7104.78 7139.0 34.22

Gold $994.30

DJIA open in +70's...
@ 10:03 am est +15.53

Helicopter Ben's gettin' ready to talk...watch 'em run!!!!


[edit on 2/24/2009 by Hx3_1963]

Wonder what Obama's speach tonight will do to the markets tomorrow.

Anyone watching Helicopter Ben talking to congress?

When asked if Banks were parking money in Treasurys...he did just like before and side stepped it...this is all pointless...apparently congress has no Idea who their dealing with and every tough question they ask gets the run around and they just blow it off...5 minute rule...right...no real answers to anything...double talk...hold another windbag meeting and waste more time...we really need to call the bankers bluff!!!


[edit on 2/24/2009 by Hx3_1963]

reply to post by Hx3_1963


This is the same old dog and pony show that always happens.

What's even more infuriating is the obvious pandering that the congress critters give Bernanke.

reply to post by redhatty


Really...where's the outrage!!

A bunch of suits all being polite to each other, tiptoeing around each other, being careful not to push to hard and defray to "I'd be interested in hearing on this at a latter date" ...what a load of crap!!!

We're done...over...through...our goose is cooked...


you hear that??? The Fed has no Congressional mandate to help with States bonds troubles...The Fed has no congressional mandate to exist at all!!!!


[edit on 2/24/2009 by Hx3_1963]

redhatty, any predictions today? I have yet to hear from any of my clients. Close predictions roughly? I see alot are advising on closing short positions.

reply to post by elston


not seeing a lot of volume today - in fact it's quite calm on the tickers.

A guess - LOL setting me up are ya LOL

I'll say we close + or - about 25 pts on the dow and + or - 4 pts on the S&P

Yes that a 50 pt range on the Dow and an 8 pt range on the S&P

Prey tell why is the market going up after hearing all that dribble?

Anyone with half a brain could hear Ben was using a circular argument...he can't shut down a bank that has enough capitol to operate...but he's providing the capitol it keep it that way?!?!?

We have retards running Congress if they can't see that...

reply to post by Hx3_1963


The $40 bln in new 2-yr notes were awarded at 0.961% below the 0.977% just before the auction deadline in the when-issued market. Bid-to-cover ratio is 2.63 compared to the last 4 auctions average bid to cover of 2.35.

This is why financials are going up.

The day a 10Y or 30Y auction fails or barely sells, is the day Citi, Bank of America, Wells Fargo, JPMorgan, Morgan Stanley, State Street, and all kinds of regional banks and AIG will finally be allowed to fail.