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

Originally posted by RetinoidReceptor
Guys the government lies to us all of the time to satisfy their political agendas. I mean...this administration was basically tanking the markets every day so they could get their stimulus package passed, and then after that they told everyone it was okay to get back into the markets. It is blatant manipulation and it is a total game. That is all it is. One big game with them. If you don't recognize it then you are a moron.

Manipulation...pure and simple...look at this action in the last 40Here min..

This is hilarious if you can manage to ignore how vicious the snap=back will be.....poor bastards

reply to post by irishchic


Too much is out there. Just trying to decide what to do with any of the prodhares alone is mind boggling. Thats why I think people are better off hiring an advisor that in turn hires the managers whose only focus is handling their particular style of investing. Advisors have to wear many hats and don't have the time to do all the due diligence themselves. Plus they have to deal with clients emotions which make it even harder. Thats why most advisors use a buy and hold mutual fund portfolio to achieve their clients goal. Things can go from great to crap in a few minutes in these markets. I could be out doing planning for one client while another clients stock is getting seriously hammered. It is in everyones interest that I don't play that game. I don't think anyone else should play it either.

Kudos to the guys who can do it successfully, but they are few and far between.

SCOTUS has halted the Chrysler Sale to Fiat!!!!

By Patrick Oster
June 8 (Bloomberg) -- The U.S. Supreme Court stayed the
asset sale Chrysler LLC planed to make as soon as 4 p.m. New
York time today to a group led by Fiat SpA, said a lawyer for
creditors challenging the transaction.
The court was reviewing a decision by a bankruptcy judge
and a federal appeals court. It made its decision known before
that, said Thomas Lauria, a lawyer for some pension funds who
filed the appeal.

Oh maybe, just maybe the checks and balances system is still functioning

it has not updated here yet

[edit on 6/8/09 by redhatty]

Well some good news just came in.

The Supreme Court has delayed the sale of Chrysler. So looks like a win for the rule of law so far.

Depending on what they decide it could be a good thing for the market.

Here's teh Scotus Blog write-up on it

They have NOT granted Cert YET, this is a stay to give them more time, since the sale was to be finalized this afternoon

The latest from the Ticker Guy Good things in here for preparing for the worst & I don't mean tinhat style preparation

Ten Things You Must Do

while there is much in there beyond the 10 things, here are the 10, do read the whole thing though

Stop listening to those who claim that "The Market is telling you the recession is ending/over." Baloney. What was the market telling you in October of 2007 when the SPX hit 1576? That everything was great and "subprime was contained", right? Any more questions on that piece of nonsense?

Get out of debt - NOW. Revolving debt in particular is murderous. If your credit line hasn't been cut back or your interest rate jacked, you're one of the few. It will happen. Going bankrupt due to increasing debt service requirements (with or without job loss) sucks.

Stop spending more than you make - in fact, do the opposite - start saving. NOW. You need to be saving 10% of your gross income. Not net or "excess" - gross.

I've said it before but it bears repeating: have the ability to make it even if you lose your job. Most people say three months of reserves are necessary. I've said six months to two years, and I'll reiterate it. And reserves means cash, not credit.

Pull ALL of your business from ANY bank that has received federal assistance.

If you have assets in the stock market, and have thus enjoyed the rally off SPX 666, either sell or hedge that exposure RIGHT NOW.

Figure out what you're going to do if we suffer a "sudden stop" and be prepared to execute that plan. Consider what a collapse in trucking, for example, does to the food supply into major cities. This is a low-probability risk right now (perhaps 10-20%) but if it happens major cities will become free-fire zones within hours.

Don't count on metals. I know, I know, we're going to hyperinflate and gold is going to the moon. I have one question: Can you eat it, drink it, run your car on it, sleep under it, or screw it? No? That's a problem.
Acquire lawful means of self-defense.

Figure out who your friends are - and aren't. This isn't about who you like. Its about who you can trust with your back - no questions asked.

Most of these go into much more detail, but I have shortened them here for ATS protocols.

Originally posted by irishchic
reply to post by stander

 

LOL! You're a hot mess!

Thanks for being a sensitive person.

I know, I should take a bath more often, but there are circumstances that prevent me to do so. I don't want to bother you with all those details, but, in essence, my visit to the bathroom depends on the way the Dow behaves. You know, money are shuffled from one venue to another -- sometimes it's better to sell some stock and buy T-bills; sometimes it's better to squeeze some dough from commodities . . . And so I really need to wait for the occassion that shapes the Dow the way that I can take a bath. Like today, for example.


[atsimg]http://files.abovetopsecret.com/images/member/fdd621633673.jpg[/atsimg]

Originally posted by RolandBrichter

Originally posted by RetinoidReceptor
Guys the government lies to us all of the time to satisfy their political agendas. I mean...this administration was basically tanking the markets every day so they could get their stimulus package passed, and then after that they told everyone it was okay to get back into the markets. It is blatant manipulation and it is a total game. That is all it is. One big game with them. If you don't recognize it then you are a moron.

Manipulation...pure and simple...look at this action in the last 40Here min..

This is hilarious if you can manage to ignore how vicious the snap=back will be.....poor bastards

You also have to understand that fund managers need to report to clients after June so they are probably trying to beef up their "profits" where they lack. I wouldn't be surprised if you saw some junkies (crappy stocks) jump even more until they report. Just my opinion. Unless they short of course, but then I don't think the government wants the markets to go down a lot again. All I do know is that this is why I like FOREX better than equities. No fund has the power to prop up or destroy a whole currency.

Originally posted by irishchic
reply to post by disgustedbyhumanity

 

Thanks so very much!!! I'm trying to learn more about that which I haven't used much,LOL!
Considering alllllll the bloody options currently,it's getting to be one hell of a game.
You're appreciated!

Be careful about leveraged ETF's. Their final destination is always down with volatility.

Well I don't know if this has been posted, but here is the source of market manipulation and it would explain the violent swings in the market.

700 Billion Slush fund?

In this currently down economy a few billion dollars to pump in to select stocks knowing that TARP is going to get that money back in the form of bank payments.

It also explains why they don't want the banks to pay the money back, and no longer participate in TARP.

Looks like our Treasury now has a rotating slush fund worth 700 billion to play with.

Edit - Making my post a little more literate.

[edit on 8-6-2009 by Hastobemoretolife]

reply to post by RetinoidReceptor


The fund managers the public invest in report their results every day. The quarterly portfolio dressing thing iyou must be refering to is way overstated. It happens, but not nearly as much as the people who want you to trade would make you believe.

Too much is out there. Just trying to decide what to do with any of the prodhares alone is mind boggling. Thats why I think people are better off hiring an advisor that in turn hires the managers whose only focus is handling their particular style of investing.

This is a big part of the "Merry Go Round" that traders are "stuck with" these days...

Fiat money is such a joke...and once again is based on nothing more than your/our past/future expenditures of our life-force, to supply others with "perks"...

If the market is so screwed up you can't figure it out with some due diligence, research and past performance indicators, and you have to pay a fee/percentage to someone else...forget it ~IMHO~

It's bad enough they pay you small % interest on your deposits, yet, charge you high % on your loans...

What a messed up system they've stuck us with... :shk:

[edit on 6/9/2009 by Hx3_1963]

The BOND MARKET is the story. Equity markets mean nothing. The debt securitization markets are where the governments of the world battle and whoever wins controls the world without a drop spilt. It is a place where the world's economy can collapse if there is a 100 basis point move to the upside. Everything else is peanuts. Especially the lowly equity market.

...and why in the world is ~everything~ measured in debt?!?

Does any one actually have Equity/Ownership of anything or is it all just a dream?

Just one look at Google is enough to make my head spin... :shk:

opposite of debt
Google

S&P 500 938.74 939.8 1.06

NASDAQ 1488.69 1492.0 3.31

Dow Jones 8760.49 8764.0 3.51

Asian shares falter on worries rally overdone
www.reuters.com...

Shanghai Composite 2,765.97 2:15AM ET Down 2.37 (0.09%)
Hang Seng 18,020.45 2:24AM ET Down 232.94 (1.28%)
Nikkei 225 9,786.82 2:00AM ET Down 78.81 (0.80%)
Taiwan Weighted 6,414.39 1:46AM ET Down 213.63 (3.22%)

Taiwan lost ~6.5% in 2 days :shk:
ichart.finance.yahoo.com...

US bailout panel: more bank stress tests needed
www.reuters.com...

WASHINGTON, June 9 (Reuters) - Bank stress tests should be repeated if the U.S. unemployment rate rises beyond levels assumed by regulators in a recent round of examinations that provided relief to markets, according to a report released by a bailout watchdog panel on Tuesday.

More at Link...

[edit on 6/9/2009 by Hx3_1963]

Originally posted by Hx3_1963

Fiat money is such a joke...and once again is based on nothing more than your/our past/future expenditures of our life-force, to supply others with "perks"...

Fiat money is no joke at all to Chrysler.

Consumer groups and individuals with product-related lawsuits also are contesting a condition of the Chrysler sale that would release the company from product liability claims related to vehicles it sold before the asset sale to Fiat.

Oooo Wheee...looks like more "Better than Expected" gains in their futures!

U.S. to allow 10 banks to repay TARP money: report
Tue Jun 9, 2009 1:05am EDT
www.reuters.com...

(Reuters) - The Treasury Department will allow 10 banks to pay back Troubled Asset Relief Program funds, Bloomberg said, citing people familiar with the matter.

JPMorgan Chase & Co is one of the banks, the news agency said, citing an anonymous source.

More at Links...

Auto suppliers to seek new govt aid: report
Tue Jun 9, 2009 3:07am EDT
www.reuters.com...

(Reuters) - U.S. auto suppliers, who negotiated federal loans earlier this year, plan to ask the Obama administration's auto task force this week for $8-$10 billion in loan guarantees, Bloomberg reported on Tuesday.

Let the Bail-Outs continue!!! (J6P)>

Originally posted by RetinoidReceptor
The BOND MARKET is the story. Equity markets mean nothing. The debt securitization markets are where the governments of the world battle and whoever wins controls the world without a drop spilt. It is a place where the world's economy can collapse if there is a 100 basis point move to the upside. Everything else is peanuts. Especially the lowly equity market.

The "debt securisation" like in Cosa Nostra

One of the ways to secure debt is by producing fiat money, forcing everyone to sell it to you for nothing

ha ha ha ha ha

President Obama was getting his daily economic briefing one recent morning when a fly distracted him. The president swatted and missed, just as the pest buzzed near the shoes of Lawrence H. Summers, the chief White House economic adviser. “Couldn’t you aim a little higher?” deadpanned Christina D. Romer, the chairwoman of the Council of Economic Advisers.

www.nytimes.com...

Obama’s Economic Circle Keeps Tensions High

Obama's words might have brought an end to this rally..

Obama promised Monday to ramp up spending from the $787 billion stimulus fund and create or save 600,000 jobs by the end of the summer. It was an effort to shift the focus away from persistently rising unemployment and beat back criticism that the money isn't flowing quickly enough.

Those promises aren't new.

Stimulus spending had always been expected to rise sharply this summer, and the White House has been predicting that 600,000 job total for about a month.

600k new jobs is about 1/8 of those lost or about enough to put one weeks worth of new jobless claims back to work... On top of that there hints some banks might need more TARP money, cutting deeper into the almost 800 billion needed to get the economy back on its feet... More money to banks means less money for infrastructure and alternative energy projects

Investors are starting to understand that you just cant have a stable banking system with a near 10% unemployment rate... (The real number might be closer to 20, 25%) when you take into account those who just gave up looking...

While a lot of the data suggest the housing market is close to bottoming out in some ways, there's really no recovery on the horizon That's because mortgage rates are being held artificially low for now and are going to trend up in the months ahead, which will prevent a strong recovery. overwhelmed by the rising number of foreclosures we'll soon see more cities having to suspend critical services thanks to the loss in tax revenue.

The next couple weeks might just see the unraveling of the artificially inflated markets. its unsupportable and Obama's new plan is the the same as the old. the odds auger another market crash without some new fresh idea that everyone can get behind.

But that's just my view of things as they stand now

finance.yahoo.com...

Congressional appointed panal overseeing stess tests says they should be repeated ! LOL no crap.....they were a ruse designed to be part of the "con" game

A government test of whether 19 major banks could survive a further downturn in the economy may have relied on too rosy a scenario and should be repeated, independent investigators say.

While no one should gainsay the potentially positive results of the tests, it would be equally unwise to think that those results reflect a diagnosis of all of the potential weaknesses or create a necessarily sufficient buffer against future reverses for the banking system," the panel wrote.