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

As the market opens Commodity Futures are way down and sinking... even gold is taking a hit today... will be interesting to see what happens at close later today... To bad we'll have to wait for August for the falling gas prices to really take effect

Energy


---------------------------------- PRICE CHANGE %CHANGE TIME
BRENT CRUDE FUTR (USD/bbl.) 67.650 -1.540 -2.23 09:30
GAS OIL FUT (ICE) (USD/MT) 553.000 -30.250 -5.19 09:30
GASOLINE RBOB FUT (USd/gal.) 186.940 -5.500 -2.86 09:10
HEATING OIL FUTR (USd/gal.) 174.880 -3.790 -2.12 09:10
NATURAL GAS FUTR (USD/MMBtu) 4.056 0.024 0.60 09:09
WTI CRUDE FUTURE (USD/bbl.) 67.840 -1.710 -2.46 09:09



Agriculture


----------------------------------PRICE CHANGE %CHANGE TIME
CANOLA FUTR (WCE) (CAD/MT) 454.900 -7.900 -1.71 09:25
COCOA FUTURE - LI (GBP/MT) 1562.000 -8.000 -0.51 09:24
COCOA FUTURE (USD/MT) 2489.000 -31.000 -1.23 09:27
COFFEE 'C' FUTURE (USd/lb.) 120.250 0.550 0.46 09:30
CORN FUTURE (USd/bu.) 408.250 -11.250 -2.68 07:28
COTTON NO.2 FUTR (USd/lb.) 55.700 -0.680 -1.21 09:27
FCOJ-A FUTURE (USd/lb.) 80.400 0.000 0.00 09:22
LUMBER FUTURE ($/1,000 board ft.) 231.000 -2.000 -0.86 09:28
OAT FUTURE (USd/bu.) 232.250 -2.750 -1.17 09:21
ROUGH RICE (CBOT) (USD/cwt) 12.330 -0.060 -0.48 09:19
SOYBEAN FUTURE (USd/bu.) 992.750 -13.250 -1.32 08:15
SOYBEAN MEAL FUTR (USD/T.) 387.800 -2.200 -0.56 08:47
SOYBEAN OIL FUTR (USd/lb.) 36.120 -0.410 -1.12 07:00
SUGAR #11 (WORLD) (USd/lb.) 15.900 -0.170 -1.06 09:29
WHEAT FUTURE(CBT) (USd/bu.) 546.000 -9.250 -1.67 08:49
WHEAT FUTURE(KCB) (USd/bu.) 618.000 -7.250 -1.16 06:59
WOOL FUTURE (SFE) (Kilogram) 813.000 0.000 0.00 06/22



Industrial Metals


-------------------------------PRICE CHANGE %CHANGE TIME
ALUMINUM FUTURE (USd/lb.) 76.250 1.250 1.67 06/19
COPPER FUTURE (USd/lb.) 219.700 -6.450 -2.85 09:10



Precious Metals


------------------------------PRICE CHANGE %CHANGE TIME
GOLD 100 OZ FUTR (USD/t oz.) 921.500 -14.700 -1.57 09:09
SILVER FUTURE (USD/t oz.) 13.805 -0.395 -2.78 09:10



Livestock


------------------------------PRICE CHANGE %CHANGE TIME
CATTLE FEEDER FUT (USd/lb.) 98.100 0.300 0.31 06/19
LEAN HOGS FUTURE (USd/lb.) 61.200 -0.225 -0.37 18:07
LIVE CATTLE FUTR (USd/lb.)

source

The DOW has dropped a hundred points in an hour - probably a reaction to Goldman Sachs bonuses - utter disbelief.

reply to post by DaddyBare


Perhaps this news is the one at fault, along with the problems in Iran.

World Bank Sees Most Economies in Deeper Slump

The World Bank, which has recently cut its forecast for the global economy to a contraction of 2.9 percent from a projection for a 1.7 percent decline set in March, released details on individual economies for the first time on Monday.

www.cnbc.com...

Originally posted by marg6043
reply to post by DaddyBare

 

Perhaps this news is the one at fault, along with the problems in Iran.

World Bank Sees Most Economies in Deeper Slump

The World Bank, which has recently cut its forecast for the global economy to a contraction of 2.9 percent from a projection for a 1.7 percent decline set in March, released details on individual economies for the first time on Monday.

www.cnbc.com...

I think it has more to do with a news blip that quietly appeared last Thursday...

Sen. Bernie Sanders, Independent of Vermont, introduced legislation last week that would order the Commodity Futures Trading Commission to use its emergency powers to stop market speculators from pushing up oil prices...

That more than anything would have scared investors off.

reply to post by DaddyBare


He may have introduced legislation but the prices of oil will keep increasing and is expected to reach 100 dollars a barrel by the end of the summer.

That will be the summer peak.

The the Gloom, Boom & Doom Report.

We may see hyperinflation sooner than later.

The US is headed toward hyperinflation, and within five to 10 years it could have inflation rates of 10 to 20 percent, said Marc Faber, editor and publisher of the Gloom, Boom & Doom Report.

"In every society, when you have large fiscal deficits combined with easy monetary policies … the likelihood that you will have high inflation is very, very high," Faber said. "And it happens very quickly."

www.cnbc.com...

I believe it, so far we have not fiscal responsibility in the new administration.

And like many has said numbers are sugar coated all the time to hide the facts about our real deficit numbers.

"It’s a lie what they publish," said Faber. "If you underweigh education costs, and if you underweigh health care costs, then you come to a totally different result."

reply to post by marg6043


I don't know Supply is up demand is down inventories are rising and there's pressure to install price controls...
If bush was still in office I put my money on your guess being right...
but now that Obama is at the helm the question becomes will he let prices rise making new jobs in the oil fields or clamp a lid on it to keep energy costs low until after the economy rebounds...

Looking at both sides of that I think we already peeked, but I've been wrong before

reply to post by DaddyBare


With the volatility in the markets and the economic outlook been sugar coated all the time, I am prepare for anything and so far we have seen that while we have cheerleaders screaming we are getting out of this recession and things are bottoming out, we know better, right?

I think a lot of people on the side lines are really disillusioned with the markets. They are okay now with just earning 3.5% interest rather than risk their money in the wild west. I think big time traders and the gov. are mistakenly hoping that the herd of other investors/traders with most of the money will continue to bid up prices but that hasn't really been happening.

Originally posted by OBE1

Maybe this will help....

Foreign deposits
Checkable deposits and currency
Time and savings deposits
Commercial paper

are not "Financial assets" they are [bank] "liabilities" , typically itemized on the right-side of the balance sheet.

GL

In a normal world, I would agree with you completely that the items you pulled from that list are *liabilities.*

But in the magical skittle-crapping unicorn world of the FED ( at least the world in that specific report ) EVERY ONE OF THOSE LISTED is considered a "Financial Asset" in the referenced Fed report.

Kinda hard to call the game here when what would normally be a liability is now magically considered an asset, ya know?

________________________________________________________

Regarding the fall in the indexes today, Remember, last Thursday, the fed pulled liquidity out of the slosh fund (yet again)

KD Talked about this last week and warned that the drop would come - as it has each time in the past that this has been done.

fixed tag

[edit on 6/22/09 by redhatty]

Today's rout seems to be building some momentum...

EQUITY INDEXES
VALUE CHANGE % CHANGE
S&P 500 900.03 -21.20 -2.30
NASDAQ 1,780.18 -47.29 -2.59
Russell 2000 498.05 -14.67 -2.86
S&P/TSX Comp 9,937.27 -350.68 -3.41
Mexico Bolsa 23,574.55 -700.17 -2.88
Brazil Bovespa 49,765.68 -1,608.09 -3.13


FUTURES
VALUE CHANGE % CHANGE
Dow 8,340.00 -136.00 -1.60
S&P 500 897.80 -17.90 -1.95
NASDAQ 100 1,435.50 -28.50 -1.95
S&P/TSX 60 597.40 -21.00 -3.40
Mexico Bolsa 23,751.00 -761.00 -3.10
Brazil Bovespa 50,315.00 -1,529.00 -2.95

INDUSTRY GROUP MOVERS BY %CHANGE
VALUE CHANGE % CHANGE
S&P 500 CONS DISCRET IDX 178.63 -3.39 -1.86
S&P 500 CONS STAPLES IDX 235.78 -1.68 -0.71
S&P 500 ENERGY INDEX

CURRENCIES
VALUE CHANGE % CHANGE
EUR-USD 1.3868 -0.0069 -0.50
USD-JPY 95.8830 -0.3865 -0.40
GBP-USD 1.6361 -0.0133 -0.81

COMMODITY FUTURES
VALUE CHANGE % CHANGE
Oil 66.73 -2.82 -4.05
Gold 921.40 -14.80 -1.58
Natural Gas

Source

Who doesn't love to congratulate themselves when they are correct?

As you all know I have been particularly adamant that the price to profit ratio on the S&P is a leading indicator of the current stock dislocation (and it is dislocated) and eventually the correction will turn downwards, destroying the current inflation led bull market we are seeing all over the World:

Russia Stocks Fall 20% in World’s First Bear Market Since March
-
-
-
The Micex, which rallied as much as 135 percent since October, reversed direction after reaching the most expensive level relative to profit estimates since January 2007, according to Bloomberg data. Russia’s economy may shrink 7.5 percent this year as industrial output slumps, unemployment rises and investors pull capital from the world’s largest energy exporter, the World Bank said today. The lender also forecast for a 2.9 percent contraction in the global economy.

While this is Russia, it's a G8 Nation, and it is a leading indicator of what will become of the rest of our Worlds markets. The Price to Profit Ratio is so discombobulated at this point that to think the markets will continuously shoot North while profits are continuously hammered south, corporations seeing red across their books and turning to laying off hundreds of thousands MORE American's to cope with these losses is obscene. While some may look to EMA and other more "technical" terms to forecast the market.. you cannot deny the very basic fundamentals of economics that is at work. A company with no profit is worth NOTHING.

The only good to come from the expanded Stock Markets is the boost in increased spending done by those with spare money to put into the economy, alleviating some of the stress on our largest corporations. The boost in moral, so to speak, cannot sustain an economic recovery that we are hoping for, it may however put an easement on unemployment.. but no guarantees.

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

As we enter mid summer we are approaching "Christmas in July" .. the 6 month mark to Christmas and the "Shopping Season" .. All indications are that due to higher unemployment, the rolling of benefits off the books for millions from Oct-Dec and the fact that Commercial Real Estate report vacancies of historic proportions... our major Retailers and business that thrive on Christmas could be in for a dark year this year.

Most retailers actually operate in the red all year up until the Shopping Season that is Christmas. Typically the S&P thus sees a wider Price to Profit ratio in the Spring season, and closes in the Winter. The question that remains though, is if the largest corporations have enough liquid assets to be burdened by a second consecutive Red Christmas, which has not been seen since the Great Depression ... most would say no, absolutely not. By next February we could be seeing another major round of Retailers filing for Bankruptcy Chapter 11, much like Circuit City (Largest retailer to file Chap. 11 last year).

To think the markets will withstand a consumerless consumer season is idiotic, to be frank. The fundamentals of this economy are broken, weakened, and continuously deteriorating regardless of Government efforts or surges in Capital from the markets rally. The cold reality of this Depression will set in, the markets WILL turn lower. In fact, this next season looks so bleak I honestly wonder how the entire economy as a whole will prevail.

This is a turning point in our Nations history.. the very way our economy operates very well could change with these dire times. I stress to anyone still reading this thread. DO NOT UNDERESTIMATE THE SEVERITY OF THE SITUATION. This is not doom-speaking and fear mongering, this is realism. And because it's economics, it's mathematical realism, an absolute certainty that something is incredibly wrong with our economy, and try as Uncle Sam/Ben/Timmy/Obama want you to ignore people like me and think all is fine... reality shows it's only getting worse.

reply to post by Rockpuck



VERY well written and insightful post,thanks for the thought-provoking words and your time.

I am in a tizzy lately,SO much going on and SO much to try and absorb,sort through,and just to even try and "plan ahead" is for the first time in my life,challenging.

I continue to appreciate the efforts of those who really do "get" what's going on and I honestly do believe we are living in times that the world hasn't experienced before.

How will we "know" when it's time to pull everything out??? THis is the million dollar question...some say when the S & P drops like a rock...


[edit on 22-6-2009 by irishchic]

Liquidity Disappearing

Bill auctions: 13 week bid-to-cover 2.79, 26 week 2.72.

Both the lowest btc in over three months.

Gee, on a day when the market is down 24 handles on the SPX there's no huge demand for Treasuries?

Hmmmm.... gee, let's see, we seem to be a bit short of money here. Short on the Treasuries, short on equities, short on COMMODITIES.

MUCH MORE at link

reply to post by redhatty


Beat me to it, Red...Same type of thing that "mysteriously" happened last October...crash the market to drive them to T-bills...during a week with $165 billion in issuance...musical chairs...



[edit on 22-6-2009 by RolandBrichter]

reply to post by irishchic


I've never been one of the "Grub yer guns and can of beans and run for the hills" type of guys. Nor have I ever been a "Go buy gold" kinda guy either..

But the uncertainty of the situation, which has been so distressed for so long .. you really have to wonder "what's going to last". I gave up looking for short term profits, I used to be pretty aggressive about it. Best advice I could give, especially to anyone who cannot spend a fair amount of time keeping up with all the crap going on is just to be extra, extra, extra vigilant on any form of investment..

I for one am looking at moving my savings into 80%+ metals (silver, for the most part.. I like silver )

But like I say, it always depends on your own positions.. I know that in October of last year I told everyone "Just wait till Feb" to see the damage of that years Christmas.. this year looks downright alarming. And remember, how much the News panicked .. spent tons of time sending reporters to malls just to say "Look, these people are spending, it's all ok" .. I can only imagine the stress and fear from corporations this year.

And it only makes planning for the future that much harder, uncertain and shrouded in possibilities. Not just from an investment standpoint, even from a employment, inflation, savings, everything standpoint.. Interesting times, to say the least.

I wonder if we'll see that mysterious jump at the end of the trading day today. The DOW is an enigma to me.

reply to post by Rockpuck



Yep...I agree and it's exhausting to try and keep up!!!

Many feel silver might get as high as 800 an ounce...can you imagine?

I have quite of bit of that,gold is getting HARD to come by.

reply to post by Rockpuck



Yep...I agree and it's exhausting to try and keep up!!!

Many feel silver might get as high as 800 an ounce...can you imagine?

I have quite of bit of that,gold is getting HARD to come by.

reply to post by irishchic


Hmm.. $800 an ounce I would be one rich fella... right now it usually costs around $1,300ish for a Ingot of Silver. I have not had any trouble getting the silver either, but I don't buy Gold so I wouldn't know if it was hard to attain the metal. Then again.. would I really be rich? If silver were $800 an ounce, a big mac might cost me $300.