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

reply to post by camaro68ss


November 10 i think...Reminds me of something else

Originally posted by camaro68ss
does anyone know the drop dead date for greece and when it will run out of money??? i need DOOM dates. lol

They said December 15. The other date was November 15... so maybe they made a deal or something to delay debt payments or found some hidden money.

I just read an article on MSN money by Charley Blaine, his article is called "Dow jumps 208 on Greek news lower jobless claims". He is a very happy person and very delusional. Reading his article could make one think that everything is just fine. I have issue with articles like this because it is happily misleading. Yet is it? The home sales in Aspen Colorado are up 19%. "In September alone, 86 real estate transactions were valued at more than $137 million." quote taken from KDVR.com

So the wealthy seem to be doing okay. But I agree with you all, mathematically it doesn't work. The wealthy are sitting pretty, not struggling. It makes me wonder if in 10 years I will be someones serf.






money.msn.com...

reply to post by AuntB


Ya if you read only a few CNN, MSN, MSNBC, Fox news articles or watch CNBC, you'll think everything is alright.

Greeks ease fears of coup

Papandreou’s dismissal of the top military brass amid debt crisis could ease the outside world’s fears of coup. The defense minister, however, says the move was delayed in August because of flaring tensions with Turkey.

In May, the Central Intelligence Agency warned in a report that the biggest threat for Greece was a military coup.

“We do not think that the move was indicative of increased coup risks, simply because the Greek army of today is not likely to even mull coup ideas.”

Right.

reply to post by Vitchilo


And of course, the question is who is in command of Greek military?
Big question, worth 400 Abramses

Originally posted by Vitchilo

Originally posted by camaro68ss
does anyone know the drop dead date for greece and when it will run out of money??? i need DOOM dates. lol

They said December 15. The other date was November 15... so maybe they made a deal or something to delay debt payments or found some hidden money.

edit on 3-11-2011 by Vitchilo because: (no reason given)

must likely found hidden money, because, well you know, we find hidden money all the time. When i need extra cash i just look at a old pair of jeans or an old jacket pocket. Its good for a few bucks. lol

Originally posted by DangerDeath
reply to post by Vitchilo

 

And of course, the question is who is in command of Greek military?
Big question, worth 400 Abramses

Yep. The US didn't give Greece 400 Abrams for nothing.

reply to post by camaro68ss

I bet they found it under the Parthenon.

And here comes the most insane news yet...
Dow Could Reach 100,000 in 20 Years: Author

Both the U.S. and Australian stock markets, which Kidman says are currently in bear market territory having lost about 20 percent in the past five years, have the most potential for gains. He notes that the Dow Jones Industrial index [.DJI Loading... () ] gained around 10,000 points from year 1982 to 2000, and believes the feat could be repeated, with the blue-chip index reaching 100,000 in 20 years.

I never thought that stupid DOW36000 guy would be outdone, but it seems he has been.

Ok, people I have been so stress out from all the EU saga I am posting under the influence of hot wings, cheese bread and two fruitloops ( I will not elaborate but is all legal). so please do not mind the mistakes on news.

I found this so interesting while digging the Greek news.

Open Europe Now Germans want a referendum!Bailout Greece? £100 bill

Bailout Greece? £100 billion
Bailout Italy? £200 billion
Bailout Spain? £400 billion
Democracy in the EU? Priceless

Is this is true or just more crap coming from the EU battler zone.

www.liquida.com...

What the world will be looking for tomorrow coming from the Greek saga.

So here's what we're looking for tomorrow

-We'll be watching the big confidence vote at 4PM EST. Right now, Papandreou has emphasized that he must go ahead with that in order to secure the stability of Greece.

- It looks like Papandreou is on the outs — it's just a matter of how and when. In a speech to parliament after the previously mentioned events unfolded, he said he was "not attached to any post," suggesting that he could leave willingly under the right conditions.

- Greece appears to have two options: snap elections or a stable transition to a different, likely temporary coalition.

- Greece must agree to the terms of the second bailout quickly. Venizelos mentioned December 15 as a deadline for disbursement of the next tranche of aid from the first bailout, and that likely corresponds closely to the date at which the country would default without it. This will not happen without approval of the second bailout package and an agreement to accept whatever terms the EC/ECB/IMF troika doles out.

It's crunch time for Greece, because one thing is certain: the pandemonium we witnessed today will be nothing compared to the catastrophe we'll witness if Greece can't make good on its promises.

www.businessinsider.com...

reply to post by Vitchilo


Guess who posted loses too, ( I am sorry if this has been posted too )

Bank Of America Posts Two $100MM+ Losses In Past Quarterp

Remember when even the worst of all trading desks on Wall Street, that of Bank of America could do no wrong and disclosed a trading quarter of pure perfection? Yeah, that's over.

The bank, which just jolted shareholders with news of material common dilution, in the form of $2.5 billion in new equity capital to be raised, has released its trading days data for Q3. Per the 10-Q: "During the three months ended September 30, 2011, positive trading-related revenue was recorded for 69 percent (44 days) of the trading days of which 47 percent (30 days) were daily trading gains of over $25 million, nine percent (six days) of the trading days had losses greater than $25 million, three percent (two days) of trading days had losses greater than $100 million and the largest loss was $119 million." On the flip side, BAC had not one $100MM+ trading win. In other words, BAC posted losses on a whopping 31% of the trading days (compared to 0% two quarters ago), something that indicates a very violent return to normalcy: after all if banks, with ZIRP, legal frontrunning, profit from default risk surges, and POMO are unable to make money 100% of the time, who else, besides all the day traders on twitter and the fine men and women on Fast Money of course, will post flawless trading records in the future?

www.zerohedge.com...

reply to post by Vitchilo

20 years is a long time. Who's to say the economic structure isn't rebuilt much better by then? History shows that great advances proceed major falls.. in fact, this is almost a requirement as a new system is always better than something that has been endlessly layered.

If the economy is allowed to collapse, the pattern of global economic cycles suggests that a 100,000 DOW is not only possible but likely in 20 years.. the problem with history and this theory is that the cyclical crash isn't being allowed to happen right now, and this may significantly stunt a rebuilding effort when all is finished.

reply to post by marg6043

Bailout Greece? £100 billion

More than that.

Bailout Italy? £200 billion

Way more than that. According to the latest numbers, they'll need 230 billion just for 2012... if all goes ``well``.

Bailout Spain? £400 billion

Not that much?

Democracy in the EU? Priceless

True dat.

reply to post by CarlosAranha

If the economy is allowed to collapse, the pattern of global economic cycles suggests that a 100,000 DOW is not only possible but likely in 20 years.

DOW100 000... if it reaches that, the dollar will be worthless.

The more I read about the Greek saga the more I learn.

This maybe just speculation taking into consideration that Greece used to be a producer of gold during ancient times and that in modern times their mines has gone dry.

But, but, could that be nothing but a lie?

Goldman Sucks Greek gold

Nonetheless, mainstream media is going all-out with eugenic slurs to taint Greeks as being inefficient at best, lazy and corrupt at worst. Although the debt is of the banksters’ making, it is the ordinary Greek citizen who is to be blamed and punished – especially if they vote to follow Iceland’s example.

So forget about the dark links between Greek PM George Papandreou and Goldman Sachs, and that Goldman Sachs for years helped the Greek government hide the true extent of its debt problems – only to profit now by betting against Greece’s teetering economy. But no, we must accept that it was that fat, lazy, greasy Greek over there wot dunnit … Extra! Extra!!!

The International Monetary Fund, responsible for dishing out expensive loans in the form of “national” bailouts, will certainly want to get its hands on Greek assets, including new gold mines being built in the north of the country. Thus, think nothing either of incestuous relationships existing between Goldman Sachs and its ex-employees placed in the IMF and other trans-national bankster mob outfits.

economicsurvivor.net...

How much of this is just propaganda or something is going on behind the whole issue of trying to keep Greece in debt to the EU.

This is very interesting, sorry if already has been posted.

This is a must read!

MF Bankruptcy Causes Biggest Foreign Bank Liquidity Scramble To 'Fed Safety' Ever, Harbinger Of Major Eurobank Stress

When Lehman filed for bankruptcy in that fateful week of September 2008, one thing caught everyone's attention: the epic surge in the Fed Reverse Repos originated by "foreign official and international accounts"....

In the just released H.4.1 update, foreign Reverse Repos with the Fed soared from $81.3 billion to $124.5 billion, the most ever, and a weekly surge of $43.2 billion, the second largest ever, second only to the Lehman collapse.

Treasurys on one hand, and now are forced to repo what little paper they have left with the Fed due to systemic uncertainties in the MF aftermath, one can see why suddenly there was absolutely no liquidity left in the market, and why the meager €3 billion EFSF bond offering, so desperately needed to fund the ongoing Irish bailout and which incidentally is the story of the week, had to be pulled.

Unfortunately, the Bloomberg time series shows the weekly average, which was at $91 billion this week, not the actual week end number, which would have been literally off the charts at $124.5 billion, and which would indicate that European banks are set to tumble in the coming days, as the money which should be in the market and be used to buoy European fin stocks, is far, far away, parked at some server located at Liberty 33.

See the full article on ZH for supporting charts.

reply to post by surrealist


Incredible, just incredible, you only know how much corruption is around hidden with the banking system and financial institutions only when they go kaboom in the markets.

Then only then you get to get a glimpse of their dirty hidden deals.

I am sure that MF have his share of dirt and corruption perhaps because their main business were derivatives just like Goldman Sach and JP Morgan.

And remember that Goldman Sach is up to their neck in the Fed and governments.

Because Central Banks Just Aren't Enough: G-20 Will Ask IMF To Print Reserve Currency

World leaders may mandate the International Monetary Policy to print more of its special currency to help solve the euro zone crisis, according to several people familiar with the matter.

Surprise surprise... not.

How much are we talking here? Oh enough.

Two people familiar with the matter said the SDR issue could total $250 billion.

MF Bankruptcy Causes Biggest Foreign Bank Liquidity Scramble To 'Fed Safety' Ever, Harbinger Of Major Eurobank Stress
Basically, the scenario we feared would happen following MF blowing up is happening.

G20 draft plan says Germany pledges to stimulate domestic demand

Oh yay. Fiscal ``stimulus``...

Greek finance minister says snap election will derail new loan package and next aid payment

Basically, ``vote for Papandreou or we go bankrupt``! Fearmongering is so awesome.

MF Global Clients Face Day of Reckoning as Margins Call

Call it the mother of all margin calls: Up to 50,000 former customers of bankrupt broker MF Global must find some $1 billion in additional collateral almost overnight, or be forced out of their trades.

Come Friday, with the mass transfer of commodity trading accounts from Jon Corzine's fallen firm to six of its erstwhile rivals, margin clerks will be wrapping up a reckoning of how much additional money is needed to cover millions of positions. Clients who can't quickly meet their margin will have to liquidate, making for a tumultuous day's trade.

That figure may yet fluctuate as brokers scramble on Thursday to work out the details, but the net result is still likely to mean that customers will be forced to post a hefty sum within a day or two. Many of MF Global's mainly small-scale clients may fail, triggering a mass liquidation of both short and long positions that may roil markets.

"I've got somewhere in the region of 8,000 positions. We can't afford to double margin those sorts of positions," said Tom Wacker, a proprietary gold futures trader in New York. "If we can't get our positions transferred they're going to be liquidated and we're going to lose a lot of money."

Some traders grew increasingly frantic, fearful of being forced out of positions if a broker won't take them on.

"Risk managers out there are going to be as cautious as possible. Obviously with no money coming out of MF, positions are going to have to be liquidated just because there will be accounts that are carrying debit balances over," said Rob Kurzatkowski futures analyst with OptionsXpress in Chicago.

"I think we're going to see extremely volatile trading."

I gots my popcorn!

reply to post by surrealist


Hell yeah. Hopefully a bunch of big traders get blown up. Especially those shorting silver/gold...

reply to post by Vitchilo


Lehman 2.0 here we come. We knew this was going to be bad...Lets see how bad. It can only get worse

www.youtube.com...

Nothing more to say.....

See ya in the morning y'all