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

BloombergCommodity Futures are way off too...

Energy


--------------------------------PRICE CHANGE %CHANGE TIME
BRENT CRUDE FUTR (USD/bbl.) 69.410 -1.510 -2.13 10:43
GAS OIL FUT (ICE) (USD/MT) 573.000 -9.000 -1.55 10:44
GASOLINE RBOB FUT (USd/gal.) 203.060 -1.250 -0.61 10:24
HEATING OIL FUTR (USd/gal.) 181.500 -2.250 -1.22 10:24
NATURAL GAS FUTR (USD/MMBtu) 4.072 0.215 5.57 10:24
WTI CRUDE FUTURE (USD/bbl.) 70.800 -1.240 -1.72 10:24



Agriculture


----------------------------------PRICE CHANGE %CHANGE TIME
CANOLA FUTR (WCE) (CAD/MT) 464.500 -9.100 -1.92 10:44
COCOA FUTURE - LI (GBP/MT) 1682.000 -68.000 -3.89 10:39
COCOA FUTURE (USD/MT) 2675.000 -123.000 -4.40 10:43
COFFEE 'C' FUTURE (USd/lb.) 126.900 -4.750 -3.61 10:44
CORN FUTURE (USd/bu.) 433.250 -14.500 -3.24 10:44
COTTON NO.2 FUTR (USd/lb.) 59.010 -2.210 -3.61 10:44
FCOJ-A FUTURE (USd/lb.) 81.800 -4.000 -4.66 10:42
LUMBER FUTURE ($/1,000 board ft.) 219.500 -5.300 -2.36 10:43
OAT FUTURE (USd/bu.) 249.250 -12.250 -4.68 10:42
ROUGH RICE (CBOT) (USD/cwt) 12.540 -0.310 -2.41 10:40
SOYBEAN FUTURE (USd/bu.) 1217.000 -28.500 -2.29 10:44
SOYBEAN MEAL FUTR (USD/T.) 412.900 -9.800 -2.32 10:44
SOYBEAN OIL FUTR (USd/lb.) 36.660 -0.500 -1.35 10:44
SUGAR #11 (WORLD) (USd/lb.) 16.050 -0.270 -1.65 10:43
WHEAT FUTURE(CBT) (USd/bu.) 572.250 -12.500 -2.14 10:44
WHEAT FUTURE(KCB) (USd/bu.) 627.500 -9.500 -1.49 10:44
WOOL FUTURE (SFE) (Kilogram) 808.000 -1.000 -0.12 06/15



Industrial Metals


------------------------------PRICE CHANGE %CHANGE TIME
ALUMINUM FUTURE (USd/lb.) 75.250 -2.000 -2.59 06/12
COPPER FUTURE (USd/lb.) 230.950 -7.350 -3.08 10:23



Precious Metals


--------------------------------PRICE CHANGE %CHANGE TIME
GOLD 100 OZ FUTR (USD/t oz.) 936.200 -4.500 -0.48 10:25
SILVER FUTURE (USD/t oz.) 14.340 -0.535 -3.60 10:24



Livestock


-------------------------------PRICE CHANGE %CHANGE TIME
CATTLE FEEDER FUT (USd/lb.) 96.900 -0.725 -0.74 10:44
LEAN HOGS FUTURE (USd/lb.) 59.200 -0.600 -1.00 10:44
LIVE CATTLE FUTR (USd/lb.) 80.850 -0.750 -0.92 10:43

[edit on 15-6-2009 by DaddyBare]

FTSE 100 4,320.70 11:13AM ET Down 121.25 (2.73%)
CAC 40 3,214.05 11:12AM ET Down 112.09 (3.37%)
DAX 4,892.10 11:13AM ET Down 177.14 (3.49%)

Yep...everyone taking a stick to the head today :shk:

S&P


BNO Breaking News
twitter.com...

# Wife of Iranian opposition leader Mousavi tells AFP that she and her husband will continue to protest "until the end."less than 20 seconds ago from web

# A policeman tells AFP that between 1.5 million and two million pro-Mousavi protesters have gathered in Tehran as part of a massive rally.2 minutes ago from web

# The protesters have been demanding President Saakashvili to resign. Police also seized cameras and deleted photos from memory sticks.31 minutes ago from BNO Headquarters

# A Reuters photographer says protesters and a European Pressphoto Agency photographer have been severely beaten by Georgian police.32 minutes ago from BNO Headquarters

# All nine foreigners who were kidnapped in Yemen last week, have now been found dead, the AP reports.about 1 hour ago from BNO Headquarters

# AFP: Mousavi tells tens of thousands of supporters at banned rally in Tehran that he is ready to take part in a new election.about 2 hours ago from web

# Stay with BNO News for the latest developments from Iran as thousands take to the street to protest the disputed election. #iranelectionabout 2 hours ago from BNO Headquarters

# AFP: Defeated Iranians presidential candidates Mousavi and Karroubi have joined the massive rally in Tehran.about 2 hours ago from BNO Headquarters

# Sky News shows thousands of Mousavi supporters gathering in Tehran in what appears to be the biggest protest yet: adjix.com... 2 hours ago from web

# Tens of thousands of Mousavi supporters have gathered in central Tehran, pictures show.about 2 hours ago from BNO Headquarters

# Reuters: German chancellor Angela Merkel says there are signs of irregularities in Iran electionabout 3 hours ago from BNO Headquarters

# ELECTION AFTERMATH -- AFP: Hundreds of Iranians in central Tehran protest against the re-election of President Ahmadinejad.about 4 hours ago from BNO Headquarters

[edit on 6/15/2009 by Hx3_1963]

I'm tellin' ya FX markets are running wild today also :shk:

2%-3% moves all over...between JPY...CHF...AUD...EUR...USD...GBP...

Crazy stuff going on...

[edit on 6/15/2009 by Hx3_1963]

reply to post by DaddyBare


Now the question is are they going way off because some countries are talking of halting exports?
OR
Are the number's relative to the seasonal period ...NO Might want to look around and see who is sacking their contracts and for what reason's.

Is the oil going to take a hit, because Iran having internal problems? I wonder, usually when a Oil producing country is having problems usually will reflect on the oil prices.

Iran belongs to the OPEC.

But so far oil has been down due to stronger dollar.

Marg... oil is still off... Crude is down -3.01 and gasoline is trading at -1.63

The funny thing is...all the latest reports suggest we should be seeing a bull market today (Golden Cross)

A golden cross, considered a buy signal by analysts who make predictions based on patterns in price charts, occurs when the 50-day moving average, which is currently at 889.24 for the S&P 500, rises above the 200-day moving average, which is at 911.65, according to Bloomberg data. The U.S. benchmark index ended last week at 946.21.

The major stock indexes “are back above their 200-day averages, and it’s increasingly tempting to conclude that a new bull market is under way,” Toronto-based Ray Hanson wrote in a report dated June 12. However, the S&P 500 “has not yet achieved a golden cross” and “the steadily declining volume since early May suggests caution,” he said.

But were not seeing that at all are we

Market Snapshot

DJIA 8,597.40 -201.86 -2.29%
Nasdaq 1,809.10 -49.70 -2.67%
S&P 500 921.68 -24.53 -2.59%
S&P/TSX 10,369.61 -275.35 -2.59%
Bovespa 51,677.37 -1,880.86 -3.51%
U.S. Fed Funds Rate .25 0.06
U.S. Fed Target Rate .25 0.00
Canadian 10-Year Bond 3.50 -0.01
U.S. 10-Year Treasury 3.71 -0.08
U.S. GDP* 03/31 -5.7%
U.S. Unemployment 06/05 9.4%
Canadian Unemployment 06/05 8.4%
Brazilian Unemployment 05/21 8.9%
*Quarterly rate annualized

I'm starting to wonder if a large number of investors have just all decided today is the day to cash in their chips and do something else for a while?

This down day is on relatively light volume so I don't think this signals the top for the markets. If the down day is on very high volume, then the top may be in. Tomorrow is PPI and Wednesday is CPI. Both will possibly illuminate where the inflation is and if deflation is still where it matters, such as housing prices.

reply to post by DaddyBare


Look to the EMA, not the SMA - that is worthless - for the real indicator my friend.

And it is not going to take off once it crosses, usually comes back and tests the 50 EMA.. then it will bounce.. you are hearing disinformation or misinformation..

Either way we needed a correction.. I have been waiting for it for a while, we have been in a daily bear flag for over a week now..

reply to post by marg6043


I dont know if they would be called experts if they think a strong dollar is going to rally the markets here

Originally posted by DaddyBare
The funny thing is...all the latest reports suggest we should be seeing a bull market today (Golden Cross)

Not all reports said so. Here is one made ninety minutes before the markets opened.

I thought that you would pass a word on today's slide in the US markets.

Here is the chart that shows the direction of the moving averages:
farm2.static.flickr.com...

Scroll up to see the context.

Originally posted by GreenBicMan
reply to post by marg6043

 

I dont know if they would be called experts if they think a strong dollar is going to rally the markets here

stronger dollar = weakening euro = Euro:yen cross likely moving down = stocks moving down

we can have a jobless recovery but not a profitless one

we are in a D process right now......in the 21'st century things are a tad different and it is still early in the process........(google ray diallo he explains it clearly)

Gov't demand for borrowing is crowding out the private sector (less money going into real economy)

banks would rather find safer measures for their capital then lending as the consumer and corporate default rates rise and continue to do so

The productivity of our new debt is laughable (with no change in sight)

The big industry shmucks pull the strings on politicians i.e there is no voice for the people in washington

The fed cares about the big banking centers power and leverage first....and foremost...........the treasury dept has turned to a temporary stop for private sector fox's guarding the public hen house

after 30 years of this building..there is too much momentum on the side of corruption in washington/wall street for things to turn around and a critical mass of responsible TPTB to wrestle control of the steering wheel........if you think this will end well you are not (willing) to pay attention

This message was brought to you by The public broadcasting system please continue to believe whatever you like

p.s there is still plenty of money to be made and hope for the individual



[edit on 15-6-2009 by cpdaman]

More bad news for the real deficit numbers.

This is not good at all,

In a piece written for The Wall Street Journal Laffer points out that even our astounding $11.4 trillion national debt is a gross understatement. If you account for all unfunded liabilities – Medicare, military pensions, etc. – the total may be as much as $100 trillion.

www.economyincrisis.org...

I can only say whoa incredible.

Also bad news for the dollar and those countries trying to take our the dollar domination.

Russia to Raise Reserve Currency Issue at BRIC

Russia, China and allies are working hard to take away the dollar anyway they can, even while claiming that they are not trying to kill it at all.

Brazil, Russia, India and China — which account for 15 percent of the $60.7 trillion global economy — will focus on ways to reshape the financial system after the economic crisis.

www.cnbc.com...

Rural Mich. counties turn failing roads to gravel

LANSING, Mich. (AP) - Some Michigan counties have turned a few once-paved rural roads back to gravel to save money.

More than 20 of the state's 83 counties have reverted deteriorating paved roads to gravel in the last few years, according to the County Road Association of Michigan. The counties are struggling with their budgets because tax revenues have declined in the lingering recession.

Montcalm County converted nearly 10 miles of primary road to gravel this spring.

The county estimates it takes about $10,000 to grind up a mile of pavement and put down gravel. It takes more than $100,000 to repave a mile of road.

Reverting to gravel has happened in a few other states but it is most typical in Michigan. At least 50 miles have been reverted in the state in the past three years.

www.wwmt.com...


You wanna bet, Michigan is not the only one...
Who needs car industry when there no roads to ride?

or

Which comes first? Chicken or egg?

reply to post by DangerDeath


Wait, stop the presses, what happen to the economic stimulus to fix infrastructure? that included construction.

Don't tell me the money is still in limbo.

Originally posted by marg6043
reply to post by DangerDeath

 

Wait, stop the presses, what happen to the economic stimulus to fix infrastructure? that included construction.

Don't tell me the money is still in limbo.

The van with money stumbled upon a ruined bridge

reply to post by DangerDeath


You just made my day, after the actual predictions of where our deficit really is this post just made me smile.

Thanks.

How ominous is it when the other "large" nations are meeting and REFUSE to let the US attend??

This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful.

Barack Obama, and the criminal class on Wall Street, aided by a corporate media that continues to peddle fatuous gossip and trash talk as news while we endure the greatest economic crisis in our history, may have fooled us, but the rest of the world knows we are bankrupt. And these nations are damned if they are going to continue to prop up an inflated dollar and sustain the massive federal budget deficits, swollen to over $2 trillion, which fund America’s imperial expansion in Eurasia and our system of casino capitalism. They have us by the throat. They are about to squeeze.

There are meetings being held Monday and Tuesday in Yekaterinburg, Russia, (formerly Sverdlovsk) among Chinese President Hu Jintao, Russian President Dmitry Medvedev and other top officials of the six-nation Shanghai Cooperation Organization. The United States, which asked to attend, was denied admittance. Watch what happens there carefully. The gathering is, in the words of economist Michael Hudson, “the most important meeting of the 21st century so far.”

It is the first formal step by our major trading partners to replace the dollar as the world’s reserve currency. If they succeed, the dollar will dramatically plummet in value, the cost of imports, including oil, will skyrocket, interest rates will climb and jobs will hemorrhage at a rate that will make the last few months look like boom times. State and federal services will be reduced or shut down for lack of funds. The United States will begin to resemble the Weimar Republic or Zimbabwe. Obama, endowed by many with the qualities of a savior, will suddenly look pitiful, inept and weak. And the rage that has kindled a handful of shootings and hate crimes in the past few weeks will engulf vast segments of a disenfranchised and bewildered working and middle class. The people of this class will demand vengeance, radical change, order and moral renewal, which an array of proto-fascists, from the Christian right to the goons who disseminate hate talk on Fox News, will assure the country they will impose.

Source

This really doesn't sound good to me at all

reply to post by redhatty


No, it doesn't when they are trying to promote other currencies beside the dollar as world currencies.

Still the BRIC are trying very hard to establish their control in the world, specially in Asian markets and South American markets and their goal is to replace the G7, this is something they have been working on since 2008 after the economic crisis was acknowledge.

Originally posted by marg6043
reply to post by DangerDeath

 

Wait, stop the presses, what happen to the economic stimulus to fix infrastructure? that included construction.

Don't tell me the money is still in limbo.

The people of Oregon where wondering the same thing... after Portland, our largest city hit record after record month after month in terms of unemployment... they are still telling us to hold out for those stimulus dollars Obama was throwing our way.

considering Oregon has a whopping two electoral votes and it's already a die-hard Liberal state no one politically pays any attention. But devout Obamaites they are, they sincerely thought Obama would save them.

Last week the new numbers where out.. Portland is ranking #7 as highest unemployed major city in the country at 12.8%

------------------------------------------------------------------------------------

Where did those billions Obama promised us go?

For the most part, the money is slowly working it's way into the States, to use at their own discretion. To my knowledge no State has been given a specific amount due, how much to assume they will receive, or even a complete tally of what is technically included as part of the bail out.

What I mean is.. if say Florida receives $20 billion for Highway repairs and construction .. as a Federal Grant.. there is literally no tally to say if those funds came from Grants, Departments, Stimulus, or Ear Marks.

Ohio has is planning on launching a site to track the money, so the public can see.. though they admit every thing is a hypothesis because technically speaking no one at the State's budget offices are being told where the funds will be coming from.

But lets assume ALL of Obama's little gift goes out equally among the states (insert snort and laughter here) .. during the latter months of 2008 many construction jobs where slowing, being put on hold, or canceled entirely.. with the new stimulus funds it is presumed the States would have enough to finish the projects.. hypothetically.. the Municipal Bond market has so far deteriorated that the money from Obama doesn't even cover the money lost from Bonds.. what with States like California and Michigan nearly bankrupt, cities doing little better..... Municipal Bonds are struggling.

At the best we can hope the money that makes it to the States and isn't lost in Red Tape (which it will be) will manage to keep a good portion of the jobs that otherwise would be lost..

But I see no conceivable way that jobs will be CREATED. At least not across the entire Union, as I am sure the funds will be disproportionally spent, it would not be surprising to see some states benefit with lower unemployment.