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

Another big recovery sign...

176.4 billion deficit... FOR OCTOBER ALONE. At this rate, the 2010 deficit will be 2.12 trillion... Yeah I'm sure China will be pleased... and that is if the income taxes don't go down again...and not counting the health care bill, cap and trade and all the other BS the feds want to pass.... not to mention the Copenhagen raping treaty.

Yeah recovery is here...

Ah yes, did I mention expansion of the afghanistan war or the possible war with Iran...

Soon the US will have to take a path... total destruction, cutting budget or taxes. Me thinks it will be a mix of taxes and destruction.

EDIT : China economy to collapse?
This would surely be interesting. Basically, China would be cooking their books... but eh, if you can't trust a communist, who can you trust?

[edit on 12-11-2009 by Vitchilo]

Man it just seems like since around october 25th or so everything has just gone to even worse crap.

Originally posted by whoshotJR
Man it just seems like since around october 25th or so everything has just gone to even worse crap.

Isn't that what Roland Emmerich new movie is about

reply to post by Vitchilo


My favorite nugget from Bloomberg News is:
U.S. Economy: Consumer Sentiment Falls as Unemployment Mounts

You know, because consumer sentiment is suppose to rise as unemployment hits 10%.

EDIT: The headline had initially said "Consumer Sentiment Unexpectedly Falls as Unemployment Mounts" but they apparently changed it.

[edit on 13-11-2009 by nydsdan]

The Dow closed at 10,270.47 up 73 for Friday. The US dollar index has slid steadily down to 75 which might be a good point to stabilize at. Without any big interest rate hikes looming its hard to guess what catalyst might be used to stabilize the dollar though. If something does happen it might be time for the bears to wake up from their nap.

Originally posted by fromunclexcommunicate
The Dow closed at 10,270.47 up 73 for Friday. The US dollar index has slid steadily down to 75 which might be a good point to stabilize at. Without any big interest rate hikes looming its hard to guess what catalyst might be used to stabilize the dollar though. If something does happen it might be time for the bears to wake up from their nap.

Remember we have major support I believe around the low 70's I think at 72 area.

That would put us Im guessing around dow 11000 (end of year prediction price area) and then perhaps we consolidate/cycle out of that play

That would be my prediction as to where we normalize trading again, lets remember most corp's aren't dying like the average/below avg consumer and the stock market is reflecting this - IMO 11,000 really isnt that out of whack when we were only down for our biggest corp's less thandouble digits, and some beating y/y q3 (from dow 14,000 ->now)

Btw, havent seen u around in a while, take care

Interesting thing I was just looking at

DIA - Diamonds (DOW ETF) has just broken the WEEKLY 200 EMA

SPY - SP 500 ETF has touched the 200 EMA WEEKLY then finished underneath.

So far SPY has been > than DIA and NQ has been > than both.

Does this mean short DIA and buy SPY? Or does this mean short both because the DOW fluctuates more positive and negative and is showing a false breakout? Or does it mean buy both and buy double SPY x 2 ETF because the DIA shows breakout?

It is interesting how the DJIA has broken out on the weekly chart and the S&P 500 and NASDAQ both closed at a new weekly high, but on the daily chart the S&P is having second thoughts and the NASDAQ hasn't even topped the close of October 19.

A guy told me today that he was buying even more stocks and he had doubled his 401K contribution.

What a game!

Look at this guy's 43-day cycle and lunar cycle... www.marketoracle.co.uk...

Stuff is tripped out!

Fake gold bars? www.marketoracle.co.uk...

This one is nutso crazy. Anybody got any info on this?
400 oz. fake gold bars.

On Wednesday last week (nov 11th) the people that created the GDX
ETF (exchange traded fund) began a new ETF

this one has the symbol GDXJ - which means it is focused on gold producers that are the Junior miners & explorers
whereas GDX is only about the super big gold miners/producers.


i am intent on buying at the first dip... (below 25$ or as low as 20$ hopefully)

I will be looking into gold also.

Because the economic recovery we are witnessing in the markets will never reach the regular working population and the unemployed.

This recovery is temporary and we economically will be heading down from now on.

President Obama ignores the fundamental causes of a rising trade deficit -- China’s subsidies for domestic oil consumption, which drive up global prices and the cost of U.S. oil imports, and China’s purposeful manipulation of currency markets, which keeps the yuan undervalued against the dollar and subsidizes Chinese sales in U.S. markets.

President Obama’s policies to fight the recession will deliver an inadequate, temporary lift to the U.S. economy, and he has not offered meaningful policies to reduce the trade deficit. He fails to challenge China’s subsidies for domestic petroleum consumption and to even acknowledge the threat to American prosperity posed by China’s currency mercantilism.

Industrial policies to promote exotic alternatives to conventional oil, conservation and battery powered cars will hardly dent oil imports for many years, and will create jobs numbering in the thousands, not the millions lost in the recession.

The fixing is not long term is just temporary and down south we will go again.

Trade Deficit Threatens Economic Armageddon

www.economyincrisis.org...

This is what I gather from the new GEAB report...

There's two ways we can get the economy towards some kind of recovery... business investment going up a lot or consumer spending going up a lot... like this will happen...

Many countries will have tough choices to make real soon...

- Raise income taxes
- Let inflation rise
- or stop paying debt

Some countries will be forced to do 2 or 3 of those... like the US.

Me thinks they will pass the health care bill and cap and trade and they will use this money they tax, saying it's for health care and the environment when in fact they will use it to fund the military and allow the government to stay alive...and continue to expand the debt.

Before for every dollar you gave the government, you received around 70 cents for it, now it will go lower and lower and lower... Of course the rich won't be taxed, nor the banks. It will be the middle-class­. And if you don't pay, you'll go to jail, because it will be tax evasion, and this is a provision in both the cap and trade and health care bills.

And all this while the dollar collapse to form a world government.

EDIT : There's a lot of stuff going on... Tensions between Venezuela and Colombia are rising fast...

Former Vice President of Dallas Fed: Tarp Didn’t Restore Health of Banking System

Iran nuclear deal seems it's going down, Israel preparing to strike or new sanctions on Iran could be imposed real soon...

North Korea making threats...

Cap and trade and Health care bill, giving too much power to the feds...

The Copenhagen treaty coming up...

THE WORLD IS CRAZY.

[edit on 15-11-2009 by Vitchilo]

Thought you may be interested in this?

It's in one of the UK broadsheet newspaper websites today:

"China and US spar over currencies ahead of Obama visit" (Link to article

reply to post by Cabaret Voltaire


Intrigueing story. It certainly seems there are an awful lot of voices producing inflationary signals and stories behind gold at the moment. Here's a little more fuel to the fire:

"Barrick shuts hedge book as world gold supply runs out"
"Global gold production is in terminal decline despite record prices and Herculean efforts by mining companies to discover fresh sources of ore in remote spots, according to the world's top producer Barrick Gold."
link to article in Telegraph online

Hope nobody gets burned...

Some new recovery signs!

Government motors posts a loss of only 1.15 billion!
www.nytimes.com...

The worst is yet to come: Unemployed Americans should hunker down for more job losses
www.nydailynews.com...

Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%.

While losing 200,000 jobs per month is better than the 700,000 jobs lost in January, current job losses still average more than the per month rate of 150,000 during the last recession.

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for October, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $347.5 billion, an increase of 1.4 percent (±0.5%) from the previous month

NOT ADJUSTED FOR PRICE CHANGES.... so when inflation/hyperinflation comes, they'll just post +10-15% increase in retail sales... doesn't matter that less stuff will have been bought, only that the prices are going through the roof.

Gasoline stations sales were down 15.0 percent (±1.3%) from October 2008

Doesn't matter that gas in october 2008 was around 50$, and now it's 80$... they still sold 15% less...

[edit on 16-11-2009 by Vitchilo]

reply to post by Vitchilo


This is a great article if how the Press, foreign lobbying and special interest killed the American auto industry.

It kind of make sense with all the money that has been sweep under the carpet in Washington to pay for legislation, special favors and politicians to favor foreign interest in the car industry while killing America made.

The pathetic lies that were fed to the public to increase sales of foreign made cars while letting our own car makers go bankrupt, shed jobs and move oversea.

The only ones to blame for the death of America auto industry is us the consumers but after blaming all the whores in Washington that sold this nation auto industry for foreign interest money.

Our own politicians crap over the hard workers in this nation and they still don't give a BS about how our nation has shed jobs that will never be back and had killed the bread and butter of the middle class.

For decades American press coverage of global car industry competition has been abysmal. Reporters and commentators have almost never dug below the surface and their idea of fact checking has too often consisted merely of "accurately" recycling previous observers' errors. Worse many commentators have displayed an almost venomously elitist bias against Detroit.

Many journalists seem blind to the practical details of other nations' car industry protection tactics. What sort of tactics? Speaking in Washington in 2007, Steve Biegun, a strategist for Ford, provided some eye-opening recent Korean examples:

* Ford was barred from airing advertising commercials except between 2 a.m. and 6 a.m.* Its showrooms' floor space was restricted by government regulation.

* Korean tax officials automatically audited anyone who bought a foreign car.

Japan has used similarly disingenuous techniques in the past and indeed the tactic of hitting buyers of foreign cars with tax audits was invented in Japan.

In recent years Japanese officials have relied largely on the manipulation of regulations on specifications to keep foreign cars out. The effect has been compounded by the extreme difficulties faced by foreigners in trying to build dealer networks. Not only are suitable sites hard to find but, contrary to all Western ideas of open markets, Japanese car makers rule their distribution networks with an iron rod and are permitted a free rein by government officials in "discouraging" their dealers from handling rival products.

How come the realities of how our car industry was stolen from America with deceiving practices endorsed by our own government has ever been allowed to be known by the American consumer?

Because millions of dollars that has gone into the pocket of our corrupted politicians.

How the U.S. Press Helped Destroy the Auto Industry

www.economyincrisis.org...




[edit on 16-11-2009 by marg6043]

How the Democrats will attempt to keep majority hold in congress with another stimulus in amid the congress screaming for fiscal responsibility and stop spending.

Yes people is definitely another stimulus before any attempt to stop spending by Obama, why? because that is how the Democrats will be keeping the markets going and the Dow reaching 11000 by December, this will bring the fed to raise interest rates also.

All nothing but band-aids in the name of politricks for political game.

This brings the same issue that our nations economy can not longer survive without stimulus and bailouts.

More Stimulus? Count on It

The development of a “double top” now in the S&P 500 is going to get bears excited, and the fact that a head-and-shoulders topping formation may be forming to boot will also renew their courage.

I might have an answer. Late Thursday, I learned that Goldman Sachs Group Inc. (NYSE: GS) is telling its clients that the Obama administration is going to announce another major stimulus package. That would mean that the combined monetary and fiscal infusion package that is already historic in proportions might actually be kicked up a notch.

Yes people the Power behind the Fed and the Obama administration Goldman Sach already is telling their investors that Obama will be doing another stimulus.

Who is running government in this nation?

This plays with politics very well, Obama needs to keep majority Democratic hold in congress for mid elections so he needs to boost employment (even if only temporarily and then screw the nation) to keep claiming that his administration with control congress has done great for the nation and is creating jobs

The markets will be doing fine more to show that his administration is fixing the economy.

Stimulus packages act with a lag, so Obama & Co. must get the new package passed and get the money spent as quickly as possible.

In that context, Goldman says that we should pay attention to two developments that suggest a greater likelihood of more stimulus ahead:

•First, we have comments from U.S. Senate Majority Leader Harry Reid, D-NV that the Senate was likely to consider a jobs bill in early 2010.
•Second, President Obama announced Thursday that the White House would convene a jobs summit in December.
Goldman says a more-explicit focus on job creation would achieve four things:

•Increase the likelihood of new polices, rather than simple extension of existing ones.
•Raise the odds of additional fiscal assistance for states and infrastructure spending.
•Incrementally increase the probability of additional tax relief in 2010.
•And push healthcare reform and energy legislation down lower on the agenda for 2010 – and probably increase the likelihood that Congress scales back the legislation it is contemplating in these areas.

The new stimulus will be $250 billion in additional fiscal measures to support growth over the next three years, including $75 billion more in 2010. However, recent developments – including the $45 billion bill to help homebuyers enacted last Friday – make this assumption look conservative.

This what Goldman Sach is asking the Obama administration for, or may I refrain they are "suggesting"

So there you have it people more deceptions, waste of money all in the name of politricks

www.moneymorning.com...

Originally posted by GreenBicMan
Interesting thing I was just looking at

DIA - Diamonds (DOW ETF) has just broken the WEEKLY 200 EMA

SPY - SP 500 ETF has touched the 200 EMA WEEKLY then finished underneath.

So far SPY has been > than DIA and NQ has been > than both.

Does this mean short DIA and buy SPY? Or does this mean short both because the DOW fluctuates more positive and negative and is showing a false breakout? Or does it mean buy both and buy double SPY x 2 ETF because the DIA shows breakout?

Looks like the right call was to buy 2x bull ETF SPY and DIA - the rally continues - look for a continuation next week if this pattern holds then coming back to test the 200 ema (historical movement)

the rally continues because the dollar went below 75.

www.marketwatch.com...

it went way lower than where it is now following Bernanke's chat

market-ticker.org...

Let the ROW unwind the USD carry trade and watch things get real fugly