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

JAPAN is nuts!

They just passed a new budget which about HALF OF IT IS BORROWED.

The Y92.3 trillion ($A1.15 trillion) budget includes new child-care allowances, free public high school tuition and other measures promised by the centre-left government that took power in September.

To finance it, the government will issue a record Y44.3 trillion ($A552.13 billion) in new bonds.

Not even the US is crazy enough to do that.

Their water supply is probably contaminated by Keynes kool aid

[edit on 2-3-2010 by Vitchilo]

Guess they don't like the Dollar muscling in on their Yen carry trade. They'll show us how to print money alright!

Who's next? Step right up to the currency devaluation table and try your luck!

Originally posted by Vitchilo
JAPAN is nuts!...Not even the US is crazy enough to do that.

Their water supply is probably contaminated by Keynes kool aid

[edit on 2-3-2010 by Vitchilo]

Or perhaps contaminated by something else.

reply to post by slidingdoor


Thank you, but in all honesty, it was meant tongue-in-cheek. Unfortunatley I would be suprised, but not shocked if the gbp/eur acheived parity. I don't think Goldman Sachs, Soros, Fabre or anyone else orchestrated (sp?) the current situation, but they are in a position to profit from it, and quite possibly by fanning the flames a bit, they can make a little bit more.

GBM. I do tons of my own research, but what I invest in primarily are Canadian energy trusts. Most pay dividends above 5.5% some are close to 10%. Most of the research I do involves energy cost, but due to recent tax changes in Canada involving these trusts, I spend alot of time trying to figure out what this means for my favorite sector

reply to post by jacksmoke


Can't argue with slow steady gains - although I know nothing about Canadian energy limited partnerships/dpp's if that is what you are referring to.

I know a lot of people that are invested in limited partnerships in oil and gas though here in USA. These are accredited investors though..

reply to post by GreenBicMan


I have a few select clients in US oil&gas partnerships. Not for the weak of heart or the shallow of wallet, unless, there are tax right-offs to be had. Canadian trusts are much simpler easier to get in and out of, and have a couple of benifits. Oil isn't gone just yet, the US gets most of its oil from Canada, a favorable exchange rate, oil trades in dollars, so if the dollar declines and oil gues up it acts as a hedge. Couple of others as well, but I digress. Not advice, past results do not imply future gains, before purchasing any security always consult your own investment professional

reply to post by jacksmoke


It's all about tax writeoffs.

That is all accredited investors care about - tax efficiently planned estates and wealth preservation. Going to stop that kind of talk now starting to sound like my dad.

reply to post by GreenBicMan


Its not so bad to sound like your dad, wealth preservation is important. That and I have been turning into my old man over the last couple years, I just got tired of fighting it.

Originally posted by Cabaret Voltaire
Dow high on 1-14-2010 was 10,767.15.
Dow low on 2-5-2010 was 9822.84.

The 61.8% retracement level is 10,406.42.

We're still hanging around this 61.8% retracement. Why?
It doesn't look like a strong market.
It looks to me like a tricky market with a big bad bear in the shadows.

I'm not talking to myself. I'm documenting history one step at a time.

reply to post by Cabaret Voltaire


today was not impressive coming right back from 1125 -

IMO we could go back down to the 50 EMA Daily tomorrow, didn't impress me either today

Originally posted by GreenBicMan
reply to post by jacksmoke

 

Can't argue with slow steady gains - although I know nothing

Please note that the rest of your post is superfluous.

Originally posted by Cabaret Voltaire
Dow high on 1-14-2010 was 10,767.15.
Dow low on 2-5-2010 was 9822.84.

The 61.8% retracement level is 10,406.42.

The market is tracing out a vast Head-and-shoulders pattern from 1st Jan 1995 until now.

If this is correct, then the Dow will be below 6,000 by June.

reply to post by aristocrat2


If it is, and I would love it, then something extraordinary would have to happen for the market to get down there that quickly. Times a wastin'. I got papers to weigh in. What could the event be? How could the market drop that fast? Beware the ides of March. Are skull and bones hiding in the shadows? What will happen March 22? I think somebody is going to get their check cashed.

reply to post by aristocrat2


Not sure what that means, but it is great that you pointed that out.

Along with your next dumbass post about the market dropping 4+K points in a few months.

I am sure you will post something in a few months that even beats your last post though in terms of stupidity when this one doesn't pan out exactly as planned.

reply to post by Cabaret Voltaire

It seems pretty obvious that Iran is going to be struck at some point. It follows as a simple fact that oil will at least triple in price over night. That right there is enough to finish what was started in '08.

Of course that's to the exclusion of ALT-A, Option ARM, Commercial RE, et al that are set to explode this year. And then of course we have the 'dark pools' run by the 'elite' who will relentlessly pursue nations and states bad debts through shorting. The very same debts they created through 'fractional reserve' banking and derivitaves and all the other crap. The parasite is killing the host at this point.

www.reuters.com...

Communist protesters occupied the finance ministry and Greece's main unions called a 3-hour work stoppage for Friday in mounting discontent at austerity measures designed to stem the country's debt crisis.

Greeks greeted news of 4.8 billion euros ($6.6 billion) in wage cuts, pensions freeze and tax hikes with a mixture of anger and resignation, with one pollster warning the government would have to move quickly to counter a general sense of shock.

About 70 communist trade unionists occupied the finance ministry peacefully on Thursday morning and prevented workers entering. Police did not intervene.

Groups ranging from anarchists to hotel workers planned protests in central Athens later in the day.

The measures were the main topic of discussion in shops and street corners in Athens, with frequent complaints that the poor were made to pay for the errors of the rich balanced by a feeling of resignation in the face of such a daunting crisis.

"Why don't they open the secret bank accounts in Switzerland first?" said 48-year old Markostamou Violetta, 48, who runs a stationery shop in central Athens. "When I see all those who took bribes punished, then I will pay whatever they want."

The private sector GSEE union and its sister public sector union ADEDY, who together represent half of Greece's 5-million-strong workforce, urged workers to strike from 1000 GMT on Friday and rally outside parliament.

"The measures are cruel, unjust and one-sided. The burden is not equally shared," GSEE spokesman Stathis Anestis said.

ADEDY has already called a 24-hour stoppage for March 16.

www.reuters.com...

Originally posted by Cabaret Voltaire
reply to post by aristocrat2

 

If it is, and I would love it, then something extraordinary would have to happen for the market to get down there that quickly. Times a wastin'. I got papers to weigh in. What could the event be? How could the market drop that fast? Beware the ides of March. Are skull and bones hiding in the shadows? What will happen March 22?

TOME BOMBS LIKELY TO CRASH THE MARKET

- Gordo Brown, in a bid to be re-elected, will very likely do a giver-away budget that will "Greek" the economy, crashing sterling, trashing the market and causing UK binds to be downgraded. Date for budget will be 17th or 24th March 2010.
- A crash following 17th March 2010 budget could cause see a major financial institution to fail in the UK, ike a major pension fund or insurance company.
- Israel might attack Iran
- The time between the first attack on the WTC with the bomb in the basement and 9/11 will be the same gap between 9/11 and 26th/27th March 2010, indicating a high chance of a false flag event.
- Economic indicators indicating that the recovery is over are starting to flow. By late March 2010, a whole slew of them could be in.
- Opinion polls in the UK are swinging away from the Tories. At the moment, it has only moved toward hung parliament. Prospect of a new Labour Government would panic the markets.
- Oil is powering up in price. It crossed $80 per barrel yesterday.
- Failure to condemn Argentine claims to the Falklands by Obama just might encourage the little bastards to try it on again. A new invasion would result in immediate withdrawl of UK's 10,000 in Afghanistan and Iraq to fight them to regain the islands. Alternatively, the UK sinking some cheeky Argentine military vessel in the seas around the Falklands would also panic the markets.
- Short term technical development of the Dow Jones is also proving to be dreadful and pointing to a failure of support lines in the near future.
- Crass, uniformed posts by GreenBicMan on ATS reach critical mass. Investors around the world conclude that all Americans must be brain-damaged cretins. Selling of US stocks snowballs to panic levels.

reply to post by jacksmoke


media.abovetopsecret.com...&action=view&id=76790

above top red line imo is buy zone

[edit on 4-3-2010 by GreenBicMan]

reply to post by aristocrat2


I am willing to bet that you are going to be wrong on almost everything, the most likely could be Isreal-Iran. I don't really care about British politics, or G. Brown for that matter. The Falklands? seriously, the Falklands, at least when the US starts an oil war we pick a country that has enough oil to make it worth fighting for. If the US floated a 30yr bond to buy a couple of crappy, sheep covered islands 200 miles from the coast of no-where; China, Japan and/or the Fed would buy that bond in about 19 minutes. What, does the Queenie need a new place to vacation? what a waste.

Well folks, DJIA closed this week at 10,566.20 and the S&P closed at 1,138.70! Headlines that seem to support the optimism in the market are:
U.S. Consumer Credit Increases for First Time in a Year in Confidence Sign

VIX Tumbles to Lowest Since May 2008 on Improving Job Market

U.S. Economy: Unemployment Rate Holds, Payrolls Fall

10,500 has seemed to be the critical mark for the markets on this rebound from the March 2009 lows, so the question is where do we go from here? At middle of Feb, I was calling for the markets to remain high through options expiration, but that has long since past. Will we go down, or up from here?

I know there is a pure disconnect between the real economy and the stock markets - but putting that aside, do you think we are recovering?

I'm inclined to think we might be despite the dark clouds. If we go back down though, what could be the catalyst?