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

reply to post by marg6043


They are starting to realize its to late for damage control. It's funny Katie Curic's ratings came out and tonight she got a little and when I mean a little I mean a little harder on Obama, she actually questioned his "saved" jobs claim.

She went soft on the way she explained it, but baby steps I guess. They all know when the SHTF they are all going to be screwed.

I have to agree with Rockpuck on the UK is out of a recession too, I laughed. They are in full time overdrive damage control.

And everyday that goes by I think they are starting to realize that its a little to late for damage control.

Very interesting new thread.

www.abovetopsecret.com...&flagit=472162

Just a bit from it:

But, according to Russian legal experts, even though Public Law No: 97-258 does appear on its surface to constrain President Obama; President Kennedy’s Executive Order No. 11110 has never been repealed by any American President making a showdown “inevitable” between Obama and the Federal Reserve before the US Supreme Court, and which Obama has recently nominated US Federal Judge Sonia Sotomayor to America’s highest court where she will become the 6th Roman Catholic Justice and giving the Vatican near total control of US monetary policy.

I am not worried about the dollar and treasuries. Honestly, if it was dire, the gov. would start saying nationalization again and that the economy is doing badly and erased its green shoots and you will see stock fall and yields fall and dollar rise faster than you can say derivative security.

my last post in the thread the new normal i believe is my most important post i have ever made on ATS.....i don't try to pimp my threads but i would encourage people to give it a chance read....
..(my 1'st and last post on the thread especially)......the last paragraph of last post sums up things.....and the rest kind of explains the rationale for this (in additon to links)

www.abovetopsecret.com...

treasury bonds continue to do well as they come back from oversold conditons.............the dollar is again below 80 .....and asia is up tonite and stock futures here in the states are basially unchanged from this afternoon's close

stocks down slightly off the bat

one would think a correction is overdue and this money (some of it) would likely flow back into stocks

for joe 6 pack......a big enough correction down in stocks...could send the 10 yr treasury yield down and make refi rates a bit more interesting

stocks down slightly off the bat

one would think a correction is overdue and this money (some of it) would likely flow back into bonds

for joe 6 pack......a big enough correction down in stocks...could send the 10 yr treasury yield down and make refi rates a bit more interesting

[edit on 12-6-2009 by cpdaman]

Strange server glitch caused a halt in trading this morning. Most of the big brokerage houses use a redundant Tandem system with multiple feeds for critical networking and processing. If one of the redundant systems fails the other can continue operations. Must be a bottleneck in the system somewhere.

www.usatoday.com...

Originally posted by Rockpuck
the worst thing in a panic to happen is...... panic. Fear. Not just the investor.. but the American's that have excess, spendable cash.

So we can all agree boosting MORAL for the spender is GOOD..

I actually do not agree. I think that the whole "consumer confidence" thing is, for the most part, crap. In the past year I've hung out with the poorest of poor people ($400/month income, -$300 rent, -$125 child-support obligations, +food stamps (don't have an exact number on this one)) and I've hung out with some fairly "rich" people (single-digit millionaires) and I have yet to hear somebody say "OMG, I really, really want that! Alas, times are hard and I should save my money, so I won't buy it." People find a way, even if it isn't a "legitimate" way.

Schumpeter pointed out that inventors and enteprenuers drive the economy. The inventor invents and enteprenuer (venture capitalist) invests. Together, they bring products to market that people want. A recession occurs when the system breaks down and products that people want stop reaching the market. This happens because corporate interests block competitors from entering the market. Recovery happens when these corporations go bankrupt and new innovations can flourish. Schumpeter coined the term "creative-destruction" to describe this process.

Depressions happen when the stars align and the natural downturn in the business cycle (vested interests blocking innovation from entering into the market place) combines with a credit crisis (credit not being available to invest into innovations).

Consumer confidence plays little part in this. Venture-capitalist-confidence plays a part in this. Venture capitalism is a high-risk ball-game, and nobody is going to put all of their money on the line when they could borrow money from somebody else. The fundamental problem is that, during a credit-crisis, enteprenuers cannot secure the capital needed to invest in a given innovation, no matter how solid it is.

I could go on for days, but my basic point is this: if people see a product that they want, and they have any way to come up with the cash for it, then they buy it. The media optimist-fest doesn't do it; neat products do it. This is why companies that "fail" deserve to actually fail: they aren't delivering a product that is a win-win scenario to their consumer. Ergo, we should let them fail so that some competitor can deliver a win-win scenario. We borrow money at rates that we can reasonably pay back, they front us the money. If they ever fail to deliver a win-win, and they lend money to people who cannot reasonably be expected to pay them back, then they should fail.

"Consumer confidence" doesn't create demand. New, "must-have" products create demand. Our current problem is on the supply-side, and it usually takes a "can't-fail" innovation to overcome a supply-side case of market-failure.

It's creative-destruction. And bailouts are trying to side-step it.


[edit on 12-6-2009 by theWCH]

Ahh yes, the Austrian School...

Mises, Hayek,Menger, Bohm-Bewerk, Hazlitt, Rothbard and Schumpeter..
They really did have it right...but alas, there is no free market capitalism anymore...

Wow, this thread has slowed up a lot recently. Did everyone go on vacation or something?

Or maybe the economy is all better and there's nothing to report. Although, it could be that things have gotten so bad that everyone's hiding in their bomb shelters...

maybe i should build a bunker...

Originally posted by Avarus
Wow, this thread has slowed up a lot recently. Did everyone go on vacation or something?

Or maybe the economy is all better and there's nothing to report. Although, it could be that things have gotten so bad that everyone's hiding in their bomb shelters...

maybe i should build a bunker...

Everyone is in Tehran

it's quiet because it's the weekend ......there is more action during times when the MArkET IS OPEN

the dollar is pretty steady catchng a bid.....not sure why..but generallly the stock market follows

the EURO:YEN cross pretty closely (at least when i used to track it closer 07/08) i would like to overlay a chart of the euro yen cross and the S and P 500 ........to give everyone "proof"

..yo GBM if you are out there and handy w the charts i would send you a uncle ben t-shirt

The Euro is really taking a beating against the USD tonight. At 12AM I shorted the EUR/USD because of comments that came out of BRIC countries as well as the Iran conflict. I also bought USD/YEN (which isn't up that much). I think I may leave it in while I sleep with some limit orders. But I don't see dollar strenght abating overnight.

I'd like to know what's the deal in Taiwan...

~9.33% drop in the last 5 days :shk:

~6633 to ~6225 Hmmm

ichart.finance.yahoo.com...

[edit on 6/15/2009 by Hx3_1963]

reply to post by Hx3_1963


This thing going on in Iran is making everybody run for safe haven.

Wow, talk about an interesting weekend to stir things up.

reply to post by Hastobemoretolife
Really... :shk:

DJIA 8748.26 8636.0 -112.26
S&P 942.41 928.7 -13.71
NASDAQ 1490.07 1468.75 -21.32

Gold $932.51 ?
Oil $71.14

FTSE 100 4,359.01 4:40AM ET Down 82.94 (1.87%)
CAC 40 3,264.50 4:56AM ET Down 61.64 (1.85%)
DAX 4,964.23 4:41AM ET Down 105.01 (2.07%)

Taiwan Weighted 6,225.56 1:46AM ET Down 222.67 (3.45%)

[edit on 6/15/2009 by Hx3_1963]

reply to post by Hx3_1963




I didn't see that Yahoo! DJIA futures haven't showed up. I didn't know everything was tanking.

What is up with gold? What is the FOREX doing?

reply to post by Hastobemoretolife
Try these...

US Futures
www.cnbc.com...

Europe Markets
finance.yahoo.com...

Record drop in Euro Zone unemployment

Someones playing somewhere...

[edit on 6/15/2009 by Hx3_1963]

reply to post by Hx3_1963


Somebody is doing something.

The world is imploding. Nothing like a Green Revolution to throw a wrench in the works.

Gold is dropping compared the the Dollar and the Rising on the Euro. And the markets are tanking.

DIJA - -97.00
S&P - -11.40
NAS - -16.75

Gold Dollar - -7.62
Gold Euro - +2.71

The links are giving me a 403 error, I got the the CNBC and Yahoo! just fine, Thanks for that!



[edit on 15-6-2009 by Hastobemoretolife]

reply to post by Hastobemoretolife
All this started on the 11th looks like...Gold started tanking...Euro & GBP started moving...weird...use the 1 hour display option in the upper right corner pop-up of the chart...

Gold
www.livecharts.co.uk...

JPY
www.livecharts.co.uk...

Eur
www.livecharts.co.uk...

GBP
www.livecharts.co.uk...

Best to worst so far...

Swiss Market 5,473.06 5:17AM ET Down 48.78 (0.88%)
AEX General 259.62 5:31AM ET Down 5.86 (2.21%)

UPDATE 1-Euro zone employment logs record fall in Q1
www.reuters.com...

BRUSSELS, June 15 (Reuters) - The 16-country euro zone lost a record 1.22 million jobs in the first quarter of 2009, data showed on Monday, highlighting the depth of recession and boding ill for any quick turnaround.

The number of employed fell 0.8 percent in the first three months against the previous quarter to 146.2 million, pulled down by job losses in Greece and Spain, the European Union statistics office, Eurostat, said. [ID:nBRQ007378]

Employment during the first quarter fell 1.2 percent year-on-year, also the deepest annual drop since measurements started in 1995.

[edit on 6/15/2009 by Hx3_1963]