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

Well under the new debt reduction bill Obama is going to bring also a massive refinancing of trouble mortgages loan under under Fanny and Freddy, incredible they are going to get back the bad loans from the BoA and they are going to start a massive government refinanced campaign.

What the heck

The program is for only current borrowers, rather than forget the debt they want to refinance the debt

Excuse me, but isn't the reason to be in debt is for none payment of obligations? then what the heck, if they can not pay now they will no be able to pay again, right?

So this is all going on live on CNBC.

Markets down big time today and is still early.

Is also a countdown on the Greece debt the news vans are park in from of the Greece palace waiting for the news

I think they will take the bailout.

reply to post by Shenon


I'm still bullish on Gold and Silver. If you look at the 24 hour charts, it's obvious that someone big keeps repeatedly selling. The huge drop today is one of many in the past few weeks. To me, this seems like there's an effort to shake out speculators in the gold market, which makes me think that some big wigs do not want us to own gold, which makes me think it could rise more. Do you kinda see what I'm saying?

I would post a screenshot, but for some reason image uploads are disabled, so here's a link to a gold chart:
www.kitco.com...

However, if the Fed does not announce QE3 or something similar on Wednesday, i'll probably sell my holdings b/c gold would likely plummet (or so I think).

reply to post by Shenon

Are there any Saven Havens left other than the Dollar?

Well there is gold, but investors have been brainwashed for decades into thinking that gold is crap and that the dollar is the safest investment on the planet.

Gold is not liquid... and the banks need liquid assets... but still they are stupid to invest that much in US dollars.

Safe heavens... a lot of investors are going to Japan... even if it's a joke too... considering several factors...

A lot of other investors are staying cash... so no positions anywhere, just diversification in several currencies.

What happens when Greece defaults prior to Chairsatan´s ... Speech?

Hilarity? Probably would force his hand to say that he will open a credit line to all of europe... unlimited money. Of course he'll say that he'll get assets in returns... and that it's all gonna be safe (which it won't be).

It's already open, but not ``openly``...

Everyone will flee into the Dollar,"forcing" the FED to implement QE3 because of Deflation...and since Banks were flooded with Dollars last Week,they won´t go down...will they?

They need more of it. Banks are shorts trillions of $$...

Which Banks got the Money from last Weeks intervention?

Europeans and American banks. Probably Deutchbank, Credit Agricole, Societe Generale, UBS, Bank of America... who knows who else...

Apparently I missed that early September...
Bloody September

Month to date excise taxes as of August 31 were down by 10%

The data suggests that the economy fell off a cliff in August.

Corporate taxes were down 23%, month to date versus last year. This is a sharp deterioration from the year to year change at the end of July when it was only down 17%.

It's all good! Don't worry, Obama and the CBO deficit projections are always right! I mean, they were right about the US having no debt by 2012 when they made their forecast in 2001 right?

reply to post by mossme89


I´m not an Expert, i learned this Stuff just recently (I´m good at Logical Thinking however) so don´t take anything i say as any sort of Investment Advice. I may see the Connections,but there are Speculations and Opinions for the most Part.

So i refuse any Responsibilty for any Loss (if you get a huge Profit,however...

)

To answer your Question: You have to look at the bigger Picture,not just Gold alone. Gold is like a Currency. Of course they don´t want you to own it,they want you to sell it and buy worthless Paper,because they will do the exact opposite.

Thats what they are doing,they "make" you want to sell it,thats what is happening currently.

On the other Hand,if they click the Reset Button and do a (World) Currency Reform,than Gold could become worthless again,but i highly doubt it,because a new Currency would be worthless itself for a Time...

Again,i´m no Expert,and you never know what Goverments and Banks could do next,which could turn everything around again...there are so many variables and unknowns,that you can´t really foresee what will happen next.

But looking at the History of Gold,having some physical is never bad,even if its just for survival if the worst happens.

And just so you know,i don´t have any Gold,Stocks or anything like that. I´m unemployed and pretty poor (In German Standards anyway),but i´m stocking up on Food and Water incase of an Economic Meltdown.

Well this was "on the talks" back in August, when BoA was "having problems", today is official, it will be massive refinancing of mortgages.

U.S. Government to Propose Mass Refinancing Plan for Fannie Mae and Freddie Mac Backed Loans – Millions of Homeowners Could be Affected


By government mandate,

johnmurphyreports.com... ners-could-be-affected/

But then again what will this to the economy? no a darn thing.

Refinancing Mortgages Won't Fix Housing Market

www.hks.harvard.edu...

Is Obama trying to do too much in order to look like he is doing something? I wonder

And to make matters even worse...

Italy Expected To Cut Growth Forecasts Further

Even though Europe is closed, and the requisite ES ramp appeared on cue just as expected, Reuters has released some news which will put the Risk Off trade solidly back on the books, after it announced that "Italy will shortly cut its growth forecasts for this year and 2012 to bring them more into line with those of independent bodies, but the prospects for public finances have improved due to an increase in value added tax, government sources told Reuters on Monday." It continues: "A government forecasting document to be published in the next few days following the austerity plan approved by parliament last week will cut the 2011 growth forecast to 0.7 percent from 1.1 percent and lower the 2012 forecast to "1 percent or below" from 1.3 percent, the sources said." Someone who will certainly be very unhappy with this news is Moody's which is already delaying cutting Italy (and said last week it will have to do something within the month), but this will make any additional delays impossible, as well as push the rating agency to trim the country's credit rating by more than just one notch.

...which means Italy may be downgraded pretty soon...whick makes everything even worse even faster...

They are all simulating activity. Marge is right, it will do nothing to the economy (nothing positive).
I see dead body and lots of electroshock wasted on the carcass.
It will take some time until a new system appears, but this one is dead and it will drag and rot around a bit.
Death is something immanent to all forms, and people pretend that it doesn't happen in political economy.
Well, it does, and there is a full load of that in history, only people refuse to acknowledge it. They are obsessed with immortality, an irrational demon in them.
Bankers will have to go, the way they are now. They are as good as dead. And economy depending so much on bankers manipulation is dead. It will have to change.
We will see lots of fascist/socialist propositions in this regard. A different kind of bulls.

reply to post by Shenon

...which means Italy may be downgraded pretty soon...whick makes everything even worse even faster...

Not maybe, will be.

And maybe even more than one notch because of this new information.

Italy is much bigger than Greece. If it falls, hopefully it bring the whole thing down with it.

Notice how the two weeks prior to this week, prices crashed through the yellow ribbon(180&270 moving averages) naturally prices will retrace back to the moving average it broke through and then to the next significant moving averages(orange lines and then red ribbon) and now it's sitting just barely into the red ribbon so the markets are going to need to make a big decision in the next couple days/week.

UPDATE



So notice how EURUSD(Weekly) closed last week right on the lower part of the yellow ribbon meaning that the central bank intervention convinced almost no one, and today it tried to get back into it but it appears there's pretty significant resistance there.

EURUSD(Daily)


But if you look at a daily chart you'll also see that there's a good amount of support at the 1.356 mark.

EURUSD(15 min)


On the 15min chart for today, you can see bulls are having a tough time pushing price above the red ribbon(27&36MA).

To sum it up, it's not looking good.


GOLD
If you haven't already bought gold, don't. Gold is a hunk of useless metal that's value is directly related to chaos. But at a certain level of chaos it goes from extremely valuable to virtually worthless, and if the chaos ends you lose alot of money. Bernanke even came out recently and said that gold is only symbolic, so how do you know they're going to even want gold when tshtf? And what if they're just trapping conspiracy theorists? Soros called it the ultimate bubble for a reason.

reply to post by Vitchilo


Yes,"will be" ,little Mistake

Anyway...

Much Ado About No Greek Headlines

In an emailed statement from the Greek finance ministry, we are told not to expect to hear anything from anyone about anything. Sounds like they have it all under control then...
[...]
UPDATE:

GREEK CALL WITH TROIKA MAY CONTINUE TOMORROW OR LATER: MINISTRY :-Are they all on hold for Bernanke?
GREEK FINANCE MINISTRY SAYS NO CABINET MEETING PLANNED SEPT. 20 :- Deny, Deny, Deny, or simply Lie, because this contrasts with earlier reports that G-Pap would convene a cabinet meeting after the call.

Hmm...Now what could that mean

reply to post by BlackStar99

Bernanke even came out recently and said that gold is only symbolic, so how do you know they're going to even want gold when tshtf? And what if they're just trapping conspiracy theorists? Soros called it the ultimate bubble for a reason.

Soros and Bernanke, two clowns. Believing them is utter lunacy.

Anyway you are right, if TSHTF in a major way... and you don't have anything beside gold, you are screwed.

Better get land, ammo, guns and food, THEN if you have money left, buy silver/gold coins.

Get ready people the show in Greece is going to take another step, the new austerity measures will bring more riots and discontent.

So I don't think the government in Greece is going to survive much longer.

Originally posted by marg6043
So I don't think the government in Greece is going to survive much longer.

Hopefully.

Italy is next. A rope around Berlusconi's neck would be nice to see too... but maybe he likes that kinky stuff.

Greece Announces Troika Call Is Over - Announcement Expected Shortly

Since it could change any Minute (and i´m to tired to format the Article),i´m just gonna summarize...

Troika reached an Agreement to agree on more Talks...later,or tomorrow...after Bernanke

In other News:

Greece: "You´re it,Ben

"
Bernanke: "You´re mean

"
Greece: "

"

Hm...

Tory MPs demand referendum on Europe

David Cameron must call a referendum on Europe or face a rebellion from his own party and a backlash from voters, a leading back-bench Tory warns today.

Mark Pritchard, the secretary of the 1922 committee of Conservative MPs, is the most senior Tory yet to demand a vote on Britain’s membership of the European Union following the eurozone crisis.

Writing in The Daily Telegraph, Mr Pritchard says that the EU has become an “occupying force” which is eroding British sovereignty and that the “unquestioning support” of backbenchers is no longer guaranteed.

He says the Government should hold a referendum next year on whether Britain should have a “trade only” relationship with the EU, rather than the political union which has evolved “by stealth”.

He warns that the Conservatives will see constituents “kick back” if taxpayers are forced to foot the bill for the failure of “unreformed and lazy” eurozone countries to introduce fully-fledged austerity measures.

Mr Pritchard is a leading figure in a group of 120 Conservative MPs who are pushing the Prime Minister to set out a “clear plan” for pulling back from Europe.
[...]

Next Year might be a lil too late...



Anyway,off to Bed i go,good Day tomorrow it is gonna be,yes yes

reply to post by BlackStar99


so in your opinion you believe the markets will crush?

reply to post by marg6043

So I don't think the government in Greece is going to survive much longer.

I agree with you there, although i dont think the oppostion party will do any better nor different.

Greece is taking the next round of bailouts, that means slavery for the citizens and their nation sold out to western and E U private interest.

Higher taxes, unemployment and lower incomes, I predict that their government will be taken over by the citizens very soon

back about the first of the month... i alerted the readers on this thread who are conversant in markets, buying & selling... about the CNBC game of constructing a 'Million Dollar Portfilio'


well the game has begun... i do not expect to [post any bragging rights nor do i wish to make a competition between us


but just the fun of creating a portfilio which is enhanced with real-time trading (instead of last years ~market close~ trading positions and resultant sales prices.)

[i do not know if a form of HFT can be used/employed with this game and its servers]

CNBC.com to enter as a contestant....even though they are data mining everyones trading,
they can only assume your strategies.... i guess to gin up the interest in making the common folk into betting the markets which they are not attracted too in the 1st place



today, monday the 19th was the start, but there is no actual benefit of playing the contest from the start... it's the growth of your bottom line that counts most...

such as if i held shares in 4 corps that were bought up with a 30% bonus above market price in the last two days of a weekly segment... i could be off to a Mediterranian vacation or get a Massariti delivered to my humble abode, etc etc
while the diligent daily traders were ploddin along in their own trading worlds..


thanks & enjoy

Ok,this is definitely thr last Post for today...Not my Fault that the News are gtting uglier by the Minute

The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB

In a shocking representation of just how bad things are in Europe, the FT reports that major European industrial concern Siemens, pulled €500 million form a large French bank, which is (not) BNP and leaves just [SocGen|Credit Agricole] and deposited the money straight to the ECB. The implications of this are beyond stunning, as it means that even European companies now refuse to work directly with their own banks, and somehow the ECB has become a direct lender of only resort to private non-financial institutions! As Bloomberg reports further on the FT story, in total, Siemens has deposited between 4 billion euros and 6 billion euros, mostly through one-week deposits, with the ECB, FT says, cites the person. It isn’t clear from which bank Siemens withdrew its deposits, per the FT... but it is hardly difficult to figure out. BNP Paribas isn’t the bank involved, FT reports, cites unidentified person familiar with the bank. This story should be having far more impact on the EURUSD than any rumors about Greece lying it will fire all of its public workers only to make sure Eurobanks can survive one more day.

For the Full Article and further Updates,go to the Link

BOOOM

and Good Night