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

reply to post by Hx3_1963


Hey Hx3_1963, What do you think silver will do or other precious metals this week?

Dow Futures are already below 7000

INDEX VALUE CHANGE OPEN HIGH LOW TIME
DJIA INDEX 6,987.00 -65.00 7,040.00 7,041.00 6,987.00 18:27
S&P 500 725.80 -8.40 731.30 734.00 725.60 18:31
NASDAQ 100 1,104.50 -12.50 1,113.00 1,113.00 1,104.50 18:27
S&P/TSE 60 488.80 -3.40 485.00 493.90 481.10 02/27
MEX BOLSA 17,805.00 -248.00 17,810.00 18,070.00 17,630.00 02/27
BOVESPA 38,765.00 -222.00 38,500.00 39,420.00 37,490.00 02/27

Seems even the news of AIG agreeing on a plan is not going to be the sticksave needed

reply to post by Cloudsinthesky
They SHOULD get at least +2% move on this news, but, nothing is working the way it's supposed to anymore...fundamentals/matrix/macro my ass...

time to fire up the way back machine...as in way back to '94?


all foreign fx trending lower also...

Gold up $952.60 so far?

S&P/ASX 200 INDEX 3,259.40 -85.10 -2.54% 19:07
NZX TOP 10 INDEX 735.33 -15.16 -2.02% 18:40
-------------------------------------------------
S&P/ASX 200 INDEX 3,236.30 -108.20 -3.24% 19:37
KOSPI INDEX 1,031.85 -31.18 -2.93% 19:17
NIKKEI 225 7,339.42 -229.00 -3.03% 19:18
-------------------------------------------------
S&P/ASX 200 INDEX 3,244.70 -99.80 -2.98% 20:07
KOSPI INDEX 1,023.00 -40.03 -3.77% 19:47
NIKKEI 225 7,320.57 -247.85 -3.27% 19:47

@ 8:14 pm est DJIA futures 7054.93 6985.0 -69.93

[edit on 3/1/2009 by Hx3_1963]

cross posting the latest Ticker here

More Lawlessness: AIG

Unbelievable:

"AIG will also give the U.S. Federal Reserve a preferred interest in its American Life Insurance Co (Alico), which generates more than half of its revenue from Japan, and Hong Kong-based life insurance group American International Assurance Co (AIA) in return for reducing its debt, they said."

The Federal Reserve does not have the legal authority to take ownership stakes in anything.

This is what we get for not raising unholy hell when Bear Stearns' "Maiden Lane" was put in place, or when AIG's CDOs and CDS were taken by The Fed.

Now we're rising to open and flagrant flouting of the law.

The Fed, for those who are uninformed, is empowered to loan (under unusual and exigent circumstances) anyone money against collateral.

However, they are not empowered to own anything except debt instruments backed by the full faith and credit of the United States Federal Government.

That they would take an equity stake in a firm based in Hong Kong is beyond outrageous.

Folks, there is no reason whatsoever to believe that our financial system or capital markets will stabilize until "The Bezzle" is forced from our markets.

Make no mistake - it will be forced out.

The only question that remains is whether it will be forced out as a consequence of regulatory action or mass bankruptcy, with unemployment reaching 30% and possibly beyond, 20% of the S&P 500 bankrupt and the SPX trading at 210.

We are headed directly to at least the mid 400s on the S&P and 4,000 on the DOW unless this idiocy is stopped here and now, and I have absolutely no belief that our government has any interest whatsoever in stopping it.

Welcome to the Greater Depression.

This will be felt

Edit to Add:

]HSBC To Cut Back On Lending

And this news resulted in the following:

]Trading in HSBC Shares Suspended in Hong Kong

[edit on 3/1/09 by redhatty]

reply to post by redhatty
I was just reading about that earlier on bloomberg...this is totally not right!

At this point I wish it would just capitulate/crash and get it over...this is a slow painful death...

Talk about looting the Treasury on the way out...the only things in the vault will be toilet paper...

now isn't HBSC linked to BofA & Citi also??

[edit on 3/1/2009 by Hx3_1963]

Originally posted by Hx3_1963
now isn't HBSC linked to BofA & Citi also??

HSBC is the Hong-Kong and Shanghai Banking Corp, also known as Decision One here in the States.

No direct links that I am aware of to BoA or Citi, but as AIG is the main pipeline to China, HSBC is the secondary pipeline (IMHO)

reply to post by redhatty
OK I didn't think so but thought I'd ask...
So, is the the start of them pulling the rug out from under our feet?

Edit: BTW is there another market thread I should/could be watching?

NIKKEI 225 7,313.71 -254.71 -3.37% 20:32
KOSPI INDEX 1,025.47 -37.56 -3.53% 20:32
S&P/ASX 200 INDEX 3,253.90 -90.60 -2.71% 20:52
STRAITS TIMES INDEX 1,551.20 -43.67 -2.74% 20:37

[edit on 3/1/2009 by Hx3_1963]

Bloomberg ticker has the Nekkei at +110 yet two minutes ago it was down arounds -242. Bloomberg refreshes fastest for me, what other simple ticker can I get? I have two customers who trade in asian markets, I bet they are definately in front of their 12 monitors each right now.

Affects on open tomorrow? Could we see mid 6's?

If you use firefox, Stock Ticker addon is good, you set the symbols you wish to follow and the update rate.

Nikkei is at -251.98 as I type (-3.33%)

Originally posted by elston
Bloomberg ticker has the Nekkei at +110 yet two minutes ago it was down arounds -242. Bloomberg refreshes fastest for me, what other simple ticker can I get? I have two customers who trade in asian markets, I bet they are definately in front of their 12 monitors each right now.

Affects on open tomorrow? Could we see mid 6's?

Elston, I have the same problem too..




[edit on 1-3-2009 by TrainDispatcher]

Hang Seng -421.15 (-3.29%)
Nikkei -242.46 (-3.20%) - at lunchtime - 1 hour break in trading

reply to post by redhatty


Sweet.

How long do u think it's going to take for the dow/s&p to tank? Do you think it will be a slow ordeal? Or a big drop?

@ 11:00 pm est DJIA futures 7054.93 6961.0 -93.93

NIKKEI 225 7,295.95 -272.47 -3.60% 22:32
HANG SENG INDEX 12,306.12 -505.45 -3.95% 22:37
TAIWAN TAIEX INDEX 4,420.19 -136.96 -3.01% 22:53
KOSPI INDEX 1,018.13 -44.90 -4.22% 22:32
S&P/ASX 200 INDEX 3,250.80 -93.70 -2.80% 22:52
NZX TOP 10 INDEX 733.28 -17.21 -2.29% 22:26
STRAITS TIMES INDEX 1,540.81 -54.06 -3.39% 22:37

Gold $951.35

FX markets trending lower

Bets on Russian markets closing again tomorrow?
or Korean tonite?

[edit on 3/1/2009 by Hx3_1963]

btw....yahoo finance keeps asia stocks updated: actually i think it keeps track of them all...just need to refresh.
finance.yahoo.com...

Seoul Composite & Nikkei 225 & Hang Seng all looking really sad +4% losses...

Originally posted by David9176
reply to post by redhatty

 

Sweet.

How long do u think it's going to take for the dow/s&p to tank? Do you think it will be a slow ordeal? Or a big drop?

David, my friend, WHERE HAVE YOU BEEN? We have been in a slow ordeal for the last year.

At this point all I am waiting for is the total capitulation. When people finally say screw it and pull out what little is left in the 401K's money markets and mutual funds.

Already a TON of traders are cashing out their accounts - not the professional firms, but people like me, day traders, etc.

Because WE KNOW that when that capitulation happens, there will be no way to get the money out of the trading accounts, no matter how much you had in them.

When it happens, the capitulation, companies will go BK en masse. They will HAVE to, because they will not have the cash to fund the pensions they are obligated to fund.

Even if someone in government TOMORROW pulled their head out of their arse and decided to repeal the bailout, hold off on the stimulus, and ENFORCE the LAWS already on the books, start the massive amount of perp walks, etc. I think it's already too late.

Even the right medicine given in mass quantity right now could not cure the disease that has taken over our government and financial centers. We've gone terminal.

reply to post by redhatty
I have to agree...all that's happening now is a very weak shell game...passing the life preserver around, trying to keep everyone above water, but, the weak can't tread water forever and will sink...

Edit: This is not going to sit well in Eastern Markets...even the EU weak remarks today can't hide from the Asian tsunami rolling their way...

DJIA 7054.93 6957.0 -97.93

[edit on 3/1/2009 by Hx3_1963]

reply to post by redhatty

David, my friend, WHERE HAVE YOU BEEN? We have been in a slow ordeal for the last year.

I know this. I'm just asking on how you think it's going to go down...if it will continue to be slow...or a giant sell off down to 4k/5k.

That's what I'm asking you.

I follow the stocks some but I don't have the understanding of it that you and others do....that's why I ask you questions man!

Hang Seng -491.39 (-3.84%)
Nikkei - 323.41 (-4.13%)

At this hour, the NIKKEI seems to pay respect to the Japanese national flag -- the red circle in particular -- coz the red numbers are all over the stock exchange.

Since the US traders has never paid much attention to what the Asians are doing, the tomorrow Dow figures would develop on its own. There is nothing that would prevent the Dow to close bellow the 7k mark; the loss of some 70 points is well within the frame of the expected. The computers are not programmed to pay attention to some historical marks and so there is a good chance that the financial news titles would go something like "Dow finished bellow 7.000 for the first time since . . ."

But there is a remarkable option that will keep the Dow above 7K until March 5 when it breaches the 7k mark and slams the door with a bang.