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

reply to post by xoxo stacie


My husband job is also in the line of a wage cut, this fall or by the end of the year. Yes the middle class will be a thing of the pass by the time the entire crisis is over, but rest assure that the very wealthy will have more wealth that anybody can even dream.

reply to post by fromunclexcommunicate


We may not see interest rates change but I can tell you that is a reason why Geithner is calling for raise in taxes, the taxable income in the nation has been going down since the economic crisis started and to get wrost.

How in the hell can government meet financial needs if tax revenue keeps falling.

And more *Green Shots*

Non-manufacturing industries contract in July: ISM
www.marketwatch.com...

WASHINGTON (MarketWatch) -- U.S. non-manufacturing industries contracted for the 10th consecutive month in July, the Institute for Supply Management reported Wednesday. The ISM non-manufacturing index fell to 46.4% in July from 47.0% in June. Economists expected a small increase to 48%. Readings under 50% indicate that most firms say business is still getting worse, or at least not getting better. Seven of 18 industries were growing in July. The new orders index fell to 48.1% from 48.6%. The business activity index fell to 46.1% from 49.8%.

FTSE 100 4,654.44 10:05AM ET Down 16.93 (0.36%)
CAC 40 3,457.90 10:20AM ET Down 18.47 (0.53%)
DAX 5,387.50 10:06AM ET Down 29.52 (0.54%)

Dow Jones Industrial Average 9,209.18 10:20am ET Down 111.01 (1.19%)
S&P 500 INDEX,RTH 996.31 10:20am ET Down 9.34 (0.93%)
NASDAQ Composite 1,988.12 10:18am ET Down 23.19 (1.15%)

[edit on 8/5/2009 by Hx3_1963]

Total Foreclosure Filings Up at Midyear Point

A total of 1,905,723 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 1,528,364 U.S. properties in the first six months of 2009, a 9 percent increase in total properties from the previous six months and a nearly 15 percent increase in total properties from the first six months of 2008, according to RealtyTrac's Midyear 2009 U.S. Foreclosure Market Report. The report also shows that 1.19 percent of all U.S. housing units (one in 84) received at least one foreclosure filing in the first half of the year.

Source

Foreclosure filings were reported on 336,173 U.S. properties in June, the fourth straight monthly total exceeding 300,000 and helping to boost the second quarter total to the highest quarterly total since RealtyTrac began issuing its report in the first quarter of 2005. Foreclosure filings were reported on 889,829 U.S. properties in the second quarter, an increase of nearly 11 percent from the previous quarter and a 20 percent increase from the second quarter of 2008.
Folks despite what other news services are reporting these number are well above what we saw when the sub-prime market crashed they show the housing market is still in free-fall with no bottom in sight!

In two days the department of labor will make their report, we can guess they will say the economy already has lost 6.5 million jobs since the recession began in December 2007, unemployment will average a U-3 of 9.6% or higher. the most of any economic slump since the 1930s. given that job loss is the largest factor in home foreclosures the current 1.5 million lost homes should double in the next 6 months to 3.25 Million that would bring us to 1 in every 45 homes nation-wide being foreclosed upon...

That sure doesn't sound like were seeing signs of a turn around anytime next quarter or next year for that matter...

Dow just widened the trading range by testing 9200 that was overdue.

White House: U.S. Has Avoided Depression
www.foxnews.com...

A White House spokesman said Wednesday that the United States has pulled far back from descending into another economic depression, although new figures to be released Friday will likely show a rising unemployment rate, possibly to more than 10 percent.

"We have pulled far back from the edge of descending into another economic depression," White House spokesman Robert Gibbs said.

Supporting his claim was a report showing that factory orders rose in June for the fourth time in five months, an unexpected gain and the latest sign that the ailing manufacturing sector is recovering.

The Commerce Department says factory orders rose 0.4 percent, after a 1.1 percent increase in May. Economists expected a 1 percent drop, according to a survey by Thomson Reuters.

A 2.7 percent rise in orders for nondurable goods, such as chemicals and textiles, was the most since June 2008 and drove the overall increase. Orders for petroleum and coal products jumped 13.2 percent, as the price of oil rose.

Orders for durable goods, big-ticket items such as aircraft and appliances, fell 2.2 percent.

reply to post by Hx3_1963


It sounds to me like the panic team is getting the public ready for the horrible figures that will be showing with the unemployment rates.

Just nothing to see here population just trust us, we pulled out of a depression.

Originally posted by GreenBicMan

Originally posted by GreenBicMan

Originally posted by GreenBicMan
Cough, cough, cough, cough

DID the GBM just see a dizzouble tizzop on this flizzop? (30 min)

Know in 30 mins lol


* Hizzerre *

www.sierrachart.com...

www.sierrachart.com...



[edit on 5-8-2009 by GreenBicMan]

kazaam

Warning Related To The FDIC
By: Karl Denninger Wednesday, August 05, 2009 9:35 AM

www.istockanalyst.com...

I'm going to put this bluntly, at the risk of being called an "extreme doomer", even though the scenario I am outlining here has only, at this point, a reasonably-small (perhaps 10-20%?) chance of happening.

During the S&L Crisis many people who had (up to $100,000 at the time) money below insured limits were prevented from getting all their money at once.

The circumstances?

The same as we have today: State-run insurance, which insured some S&L accounts, ran out of money, just as the FDIC is out of money under any rational accounting.

Note that these insurance funds were "backed" by the full faith and credit of the respective government just as is the FDIC. Nobody lost money, and so Sheila Bair's (and Suze Orman's) claim that "nobody has ever lost a penny in insured deposits" (so far) is true.

However, some people were only able to get a limited amount of money - in some cases $750 to $900 a month or so - out of their accounts, and that state of affairs persisted for quite some time.

It is thus my position that even if you are well under FDIC limits you must move money around now so you have multiple bank accounts and thus if your withdrawals and access to your funds are "rationed" in a similar fashion you will be able to access what you need to pay your electric bill, put gas in your car and buy your food.

Remember, getting your money back doesn't mean getting it all right now, and government agencies can be very inflexible when what they have decided to do conflicts with what you want.

Since the government is not going to do the right thing with regard to these financial institutions and their alleged "assets", say much less crooked accounting and disclosures - a fact that now, two years into this mess, should be the inescapable conclusion reached by anyone with a brain in their head - you need to protect yourself.

With Alabama musing calling up the National Guard in Jackson County, the utter refusal of any regulatory or law enforcement agency to enforce any part of the law when it comes to the outrageously fraudulent actions in our financial system up and down the line for the previous five years, documented conspiracy between OTS and Thrifts (only one of several that was named) with backdating of deposits and the fact that the FDIC will need to go to Treasury for a lot more funds - which Treasury will have to try to raise in the bond market into an environment of fear due to the FDIC's request for that money.

If that issuance happens without sentiment cracking due to the failures that result in this need, then we might get through that event without major trauma.

If, on the other hand, those failures cause a shift in sentiment then the nightmare scenario - a sell-off in all of stocks, bonds and the dollar - at the same time - is very likely.

The damage that would result from such an event would make last fall and the early-spring selloffs look like a cake walk.

God helps those who help themselves.

I must have missed the boat on this guy..

Everything I see from him is so

a) overhyped

b) wrong/misleading

Previously, has he called something to the "t" or..?

reply to post by GreenBicMan


'Everything' is a very sweeping statement. There's plenty to make you think in Karl Denninger's YouTube videos.

GBM: I'm not easily riled, but could you possibly refrain from quoting yourself ad infinitum? It really does disturb the flow.

Originally posted by marg6043
reply to post by Hx3_1963

 

It sounds to me like the panic team is getting the public ready for the horrible figures that will be showing with the unemployment rates.

Just nothing to see here population just trust us, we pulled out of a depression.

What I'm most surprised at is main stream news sources are quick to jump on the tiniest scrap of good news then tout it as a turn around. however industry (Insider) news sources, are painting an entirely different picture.

It's like press releases meant to deceive the masses into thinking things are improving are being handed out tongue in cheek, fingers crossed behind backs... Do a quick look at CBS NBC ABC news and everything looks great. Dig into sources like the construction reporter and you'll find things have never been so tight or forced so many to bid lower than job cost just to win the contract.

reply to post by pause4thought


I just do it to keep it all lined up for reference.. thought it is easier to look at that way actually

I havent seen his video's but a couple weeks ago I saw an article on his site that was linked to ATS about how the dollar is moving step in step or shadowing the ES MINI.. which is impossible, but some people construed that to mean xxx or xxx.. never really got a straight answer and he seems to prey on people (no offense)

But like I said, other than an internet hero, has this guy impressed you with major calls or anything? Or is he just basically a mouthpiece for someone else?

reply to post by GreenBicMan


No-one gets it right all the time. I don't put him in a 'right' or a 'wrong' box. But he called the autumn crisis loud and clear while a lot of other people had gone on calling a stairway to heaven month after month.

He's certainly made some important calls:





You are, of course, welcome to disagree with him. But he can't be dismissed as lightly as you attempted above.

reply to post by GreenBicMan

and he seems to prey on people

I agree 100% actually.. something about the guy, just doesn't sit right with me.

He's not wrong all the time, but he aint right all the time either.. I have seen more "End of the WORLD!" warnings issued from this guy than anyone else.

PS. I'm personally a follower of Peter Schiff. While they often project the same future.. Pete doesn't post dire end of the world scenarios once a week on a ticker forum.

[edit on 8/5/2009 by Rockpuck]

Originally posted by DaddyBare

Originally posted by marg6043
reply to post by Hx3_1963

 

It sounds to me like the panic team is getting the public ready for the horrible figures that will be showing with the unemployment rates.

Just nothing to see here population just trust us, we pulled out of a depression.

What I'm most surprised at is main stream news sources are quick to jump on the tiniest scrap of good news then tout it as a turn around. however industry (Insider) news sources, are painting an entirely different picture.

It's like press releases meant to deceive the masses into thinking things are improving are being handed out tongue in cheek, fingers crossed behind backs... Do a quick look at CBS NBC ABC news and everything looks great. Dig into sources like the construction reporter and you'll find things have never been so tight or forced so many to bid lower than job cost just to win the contract.

Indeed.. I always suspected that the Media was manipulated, but being as rational as I am thought that in all likelihood it wasn't.. it was just how the World operated so to speak. After this Depression, I can only conclude that all the evidence points to a collaboration of media outlets to report the same rosy picture of the economy for what ever purpose.. the information is so manipulated, contorted, controlled and often out right lies .. that the only logical conclusion is a willing and purposeful release of false information to formulate a false sense of security. Seeing as it's cross corporate media, we should only suspect a higher power behind such manipulation, which could only be the Government.

I no longer watch TV. Period.

reply to post by pause4thought


Ok, maybe we don't see this in the same light.

Would you say someone that is prone to overexaggeration and "word play" is someone that you would stand by no matter what?

Like I know no one is right all the time (market calls, taking a left instead of a right, or even debating sports or philosophy) but like I said back in the previous thread where he was outlining the ES and .DXY I stated I would cancel my membership on this site and delete my name if someone could prove me wrong.

I haven't been called on that yet (except for another members interpretation, that IMO doesn't make sense) and I am not worried about cancelling as well. To me when I read things like that = big headlines = attn. whore

I dont wanna "be like that" but thats just how it seems. I will try to catch up on some video later now that you posted that (waiting to get my better cpu so I can watch vid)

Originally posted by Rockpuck
reply to post by GreenBicMan

 

and he seems to prey on people

I agree 100% actually.. something about the guy, just doesn't sit right with me.

He's not wrong all the time, but he aint right all the time either.. I have seen more "End of the WORLD!" warnings issued from this guy than anyone else.

PS. I'm personally a follower of Peter Schiff. While they often project the same future.. Pete doesn't post dire end of the world scenarios once a week on a ticker forum.

[edit on 8/5/2009 by Rockpuck]

Did you know Schiff has been bullish in his fund since 2008?

His worst year was actually last year (and supposedly this is his best)...

I thought that guy would have been so short 2008 - guess not...

He is pretty smart and he can hold his own against the "fast money" crowd on CNBC so prizzops for that.

A doom and gloom reporter is going to be monitoring statistics that predict crashes well but not recovery obviously. I don't know anyone who has a perfect clear perspective.

[edit on 5-8-2009 by fromunclexcommunicate]

reply to post by Rockpuck


Point taken. But the apathy is so great out there that someone who doesn't pull their punches can draw attention to important issues in a way a calm, collected type will not likely achieve. That's not to take away from Peter Schiff - the two can actually complement each other, serving different audiences, as it were.

Nice call on the media. You've clearly not reached your conclusion lightly.


reply to post by GBM


Maybe you were right & he was wrong. It doesn't prove we should write him off. One piece of evidence doesn't prove a case. I just think you're being a little hasty.

Anyway, check out his videos & draw your own conclusions. (I think it might be a faster internet connection you need, not a processor - unless you're on a dinosaur.)




[edit on 5/8/09 by pause4thought]