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

@ 8:40 est DJIA 7182.08 7022.0 -156.00
@ 8:40 est S&P 752.83 731.6 -20.40

Citibank news is sinking in now I believe...

Citibank bid is now $1.24 ask $1.26 from $2.46 close 49% ...drop...

U.S. Stocks in Frankfurt:Most Active
Feb 27 1:58pm † Price (€) Change
Citigroup Inc 0.98 -1.00
Bank of America Corp 3.45 -0.93

suspends all dividends on prefered non convertable stocks...

All banks taking a hit on futures now...

Attention all Riders: Make sure your Arms & Legs are securely restrained in the crash landing position as the ride will be bumpy!


FTSE 100 INDEX 3,793.65 -121.99 -3.12% 07:37
DAX INDEX 3,813.90 -128.72 -3.26% 07:37
CAC 40 INDEX 2,680.79 -64.05 -2.33% 07:37
OMX COPENHAGEN 20 INDEX 239.41 -9.81 -3.94% 07:51

FTSE 100 INDEX 3,760.70 -154.94 -3.96% 08:22
DAX INDEX 3,777.86 -164.76 -4.18% 08:22
CAC 40 INDEX 2,648.27 -96.57 -3.52% 08:22
OMX COPENHAGEN 20 INDEX 239.04 -10.18 -4.08% 08:37

NY wants the Fed to back the state bond muni-market to lower borrowing costs...but...BB says the Fed has no mandate to do such a thing...the Fed has no constitutional mandate to exist at all!!!

revised 4th Q GDP -6.2%

get ready for a big tank today...breaking support levels....

[edit on 2/27/2009 by Hx3_1963]

PDF of the Citi Deal

Basically, the common is definitely toast, along with the regular prefs that are issued by the parent company.

PPT to the rescue!!!!
funny how that works...as soon as everyone jumps ship...they pull up with another load to pile on...

reply to post by redhatty


Gotta love defacto nationalization. That's essentially what it is. We've already given them something like 100 billion in cash and 300 billion in guarantees. We've already owned them...Except not...So we get to take all the losses on this one. Shareholders are screwed too.

Originally posted by Hx3_1963
PPT to the rescue!!!!
funny how that works...as soon as everyone jumps ship...they pull up with another load to pile on...

Yeah... a fools rally.. even so, I was only 62 points off my prediction, not to bad.

Given the news we had today, it should have been a blood bath, volatility seems to have saved the market today.

DIARY-Federal Reserve Events

Monday, March 16
NEW YORK - Federal Reserve Bank of New York issues monthly
Empire State Manufacturing Survey, 0830 EDT/1230 GMT
WASHINGTON - Federal Reserve releases February industrial
production and capacity utilization data, 0915 EDT/1315 GMT
Wednesday, March 18
CLEVELAND - Federal Reserve Bank of Cleveland releases its
monthly median Consumer Price Index, a weighted median of the
CPI issued by the Bureau of Labor Statistics, no set time.
CHICAGO - Federal Reserve Bank of Chicago releases the
Midwest Manufacturing Index, 1100 CDT/1200 EDT/1600 GMT
Thursday, March 19
PHILADELPHIA - Federal Reserve Bank of Philadelphia
releases its monthly business outlook survey, 1000 EDT/1400
GMT.

List of events is quite a bit longer than this. So this should help everyone keep up on Fed actions.

We just had a monthly close in the open air below all longterm supports from 7525 - 7795 and the myriad of pin lows in this region from 1997-2009.

I simply cannot see how we don't roll all the way back to Dec 1994 at a minimum. We would have to have a chart that, AFAIK, refutes the entire premise of over one century of fundamental chart analysis for us to hold above 7,000 for any length of time and not go lower.

There is almost non-existent support from here down to 3635 or so.

There is a small trough April 7, 1997 6,391.
Plateau at ~5,600 Feb - Sept 1996.
Small trough at 5,061 Oct 1995.
Trough and plateau at 4,745 for a few weeks in Sept - Oct 1995.
4,600 July 1995
4,340 May 1995
Finally the longterm strong support plateau at ~3,635 in March 1994 - Jan 1995

All of these are tiny when compared to the larger 'M' pattern in the 20 year chart. This is the downside of a 25 year Bull Market. We go down faster than we went up, because we have no support/resistance during much of the run-up.

Bookstores and entire data centers will be devoted to this folly for the next 80 years.

Until they forget also...

Hattip to Leraconteur @ TF

This is something very likely not to go by:

There may be light at the end of the tunnel as the current downturn is nearing the end of the typical length of the average bear market, analysts told CNBC this morning.

"The average bear market, over the past 100 years, has lasted 84 weeks. There are currently 10-12 weeks left in this market for it to become an average length recession," Alpesh Patel from Praefinium Group said.

When will those trend analyst finally realize that the market performance is a function given by a broad variety of variables with characteristic that changes with respect to time?

What was the last time in the past 100 years when the market reacted to the issue of nationalizing the banking industry? Has the current economic downturn been caused by the same unfavorable conditions of yesteryears?

Without having the answer, looking back at the bear to see the future of it doesn't make sense -- it's a mistake that regression analyses are plagued with in other fields.

Patel makes a broad assumption that the current economic downturn has all the characteristic of the past economic troubles that turned bull to bear and consults the stats. I don't believe that this situation is similar to those that took place in the past. If this malaise is just "an average lenghth recession," then all the meltdowns, bailouts, the government buying bank shares etc is just an "average trouble" that took place in the past and affected the market. Gimme a break . . .


[edit on 2/27/2009 by stander]

reply to post by stander




good observation.... yesterdays 'metrics' do not apply in this present


& thats exactly what i said to a broker that called me up yesterday morning...
he insisted that he was doing me a favor by enlightening me to
his little 'bubble creation'...
the broker wanted me to 'invest' $5grand
into a 'green technology' called 'Heilex' or something like that...
which is supposed to skyrocket in stock price because of the Obama
scheeme to develop alternative energy,, like the wind-turbines that this
'Heilex' company offered.

it seems Heilex is on the Pink-Sheets now & the guy wants to create a 'bubble' in speculation by consolidating more than several thousand
suckers to pony-up $5k each & thus drive the price upward...
for the potential addition to the AMEX exchange instead of the lowly Pink-Sheet where it (Heilex) is now.... the dude kept pressuring me with the fantasy that my $5k now will become $15k in (however long it takes)


i told myself... I'm not going to fund that dudes dreamscape of making millions with others (including myself if a participant) money & risk taking
while this puffed up ego dude labored to the extent of bagging $5k from
suckers...via the telephone.....

Dream on Jerk is my final answer


hope this helps ...

Originally posted by redhatty
We just had a monthly close in the open air below all longterm supports from 7525 - 7795 and the myriad of pin lows in this region from 1997-2009.

I simply cannot see how we don't roll all the way back to Dec 1994 at a minimum. We would have to have a chart that, AFAIK, refutes the entire premise of over one century of fundamental chart analysis for us to hold above 7,000 for any length of time and not go lower.

There is almost non-existent support from here down to 3635 or so.

There is a small trough April 7, 1997 6,391.
Plateau at ~5,600 Feb - Sept 1996.
Small trough at 5,061 Oct 1995.
Trough and plateau at 4,745 for a few weeks in Sept - Oct 1995.
4,600 July 1995
4,340 May 1995
Finally the longterm strong support plateau at ~3,635 in March 1994 - Jan 1995

All of these are tiny when compared to the larger 'M' pattern in the 20 year chart. This is the downside of a 25 year Bull Market. We go down faster than we went up, because we have no support/resistance during much of the run-up.

Bookstores and entire data centers will be devoted to this folly for the next 80 years.

Until they forget also...

Hattip to Leraconteur @ TF

Understand that a drop to the 3000s would cause chaos. Some frieds had indicated a possible low of around 4000 and even then I would fear what things would look like.

Originally posted by St Udio
reply to post by stander

 

good observation.... yesterdays 'metrics' do not apply in this present


& thats exactly what i said to a broker that called me up yesterday morning...
he insisted that he was doing me a favor by enlightening me to
his little 'bubble creation'...
the broker wanted me to 'invest' $5grand
into a 'green technology' called 'Heilex' or something like that...
which is supposed to skyrocket in stock price because of the Obama
scheeme to develop alternative energy,, like the wind-turbines that this
'Heilex' company offered.

it seems Heilex is on the Pink-Sheets now & the guy wants to create a 'bubble' in speculation by consolidating more than several thousand
suckers to pony-up $5k each & thus drive the price upward...
for the potential addition to the AMEX exchange instead of the lowly Pink-Sheet where it (Heilex) is now.... the dude kept pressuring me with the fantasy that my $5k now will become $15k in (however long it takes)


i told myself... I'm not going to fund that dudes dreamscape of making millions with others (including myself if a participant) money & risk taking
while this puffed up ego dude labored to the extent of bagging $5k from
suckers...via the telephone.....

Dream on Jerk is my final answer


hope this helps ...

Helix wind coils are revolutionary just so you know. I have not invested with them, but they are going to get many contracts due to their conical design as opposed to blades (doesn't kill birds or bats). More efficient smaller footprint. They have had some here in Chicago commercialy for a bit and have done well.

Originally posted by St Udio
it seems Heilex is on the Pink-Sheets now & the guy wants to create a 'bubble' in speculation by consolidating more than several thousand
suckers to pony-up $5k each & thus drive the price upward...

Are you saying that there are more than several thousand guys around who have five grand written to their names?


Either the economic depression is not that bad as others call it, or your broker is permanently out of touch with reality.

reply to post by elston




all-in-all... A gimmick...

a horizontal wind driven 'Paddle Wheel'


but that's NOT the point.... the dude is trying to deliberately create a hyper
bubble of interest in this company .... & drop it when he's satisified with
the ammount of hyped profit that can be realized

Very much in common with the Flip-this-house- bubble

Very unethical, unproductive, adds nothing to business or the climate of stock trading in the here-and-now.....


but you seem to be fixated on the gimickry rather than the ethicacy
of yet another con-man/snake-oil-salesman with a suit-&-tie....


[edit on 27-2-2009 by St Udio]

Originally posted by stander

Originally posted by St Udio
it seems Heilex is on the Pink-Sheets now & the guy wants to create a 'bubble' in speculation by consolidating more than several thousand
suckers to pony-up $5k each & thus drive the price upward...

Are you saying that there are more than several thousand guys around who have five grand written to their names?

Either the economic depression is not that bad as others call it, or your broker is permanently out of touch with reality.

I have no more money in the markets. I was just attesting to my knowledge of their quality product, not how they are conducting their business. Sorry to be misleading.

Originally posted by stander
[]

Are you saying that there are more than several thousand guys around who have five grand written to their names?

Either the economic depression is not that bad as others call it, or your broker is permanently out of touch with reality.

Get a grip.....
there are 1,000s perhaps 10,000 former wall street personnel who recently
or -in-the-immedate-future will be axed.... they will get a 'severance'
which could exceed $25-50k....and they will not be counted among the unemployed for around a year.

these previous high-flyers...have a handful of cash they are absolutely sure they will be able to increase with money-making strategies -->including the next bubble which is 'Green Technology'..............
need i say more?
Naw, you are smart enough to figure the scenario

CDS auctions reach record high in February
&siteid=rss]MarketWatch

Regulators Shut down two small banks in Ill. and Nev.
Wall St. Journal




[edit on 27-2-2009 by projectvxn]

[edit on 27-2-2009 by projectvxn]

you really have to read this one

"Our Tier 1 Ratio Is Strong!"

It says it all, Monday it will be March, right?

Beware the Ides of March

Originally posted by redhatty
you really have to read this one

"Our Tier 1 Ratio Is Strong!"

It says it all, Monday it will be March, right?

Beware the Ides of March

Crap......
So are there any predictions for Monday? I understand what this news means, but he gives no forecasts (which I understand are virtually impossible with what's going on).

Buffett says U.S. Treasury bubble one for the ages

NEW YORK (Reuters) - Warren Buffett, whose Berkshire Hathaway Inc (BRKa.N) (BRKb.N) sits on $25.54 billion (17.8 billion pounds) of cash, said worried investors are making a costly mistake by buying up U.S. Treasuries that yield almost nothing.

In his widely read annual letter to Berkshire shareholders, the man many consider the world's most revered investor said investors are engulfed by a "paralyzing fear" stemming from the credit crisis and falling housing and stock prices. Treasury prices have benefited as investors flocked to the perceived safety of the "triple-A" rated debt.

But Buffett said that with the U.S. Federal Reserve and Treasury Department going "all in" to jump-start an economy shrinking at the fastest pace since 1982, "once-unthinkable dosages" of stimulus will likely spur an "onslaught" of inflation, an enemy of fixed-income investors.

"The investment world has gone from underpricing risk to overpricing it," Buffett wrote. "Cash is earning close to nothing and will surely find its purchasing power eroded over time."

"When the financial history of this decade is written, it will surely speak of the Internet bubble of the late 1990s and the housing bubble of the early 2000s," he went on. "But the U.S. Treasury bond bubble of late 2008 may be regarded as almost equally extraordinary."

reply to post by redhatty
WOW...blood in the streets talk!!!

Have to stock up on Juan Valdez stock tonite..."Lucy...ju got sum coffee to brew!!!"


Some how I figured something was up between the Citi news friday and aig coming up monday -$60B...

[edit on 3/1/2009 by Hx3_1963]