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

I was looking at today's market graph for the DOW . . . what the heck made it shoot up through the roof right at about 2:00 pm. It looks like it got a massive jolt of steroids or something . . . or traders had 'five hour energy drink' shooters.

'splain to me, somebody please

Germany at Its Rubicon

Now, as the quixotic war against Eurozone deficit addiction and excessive debt is falling apart, and as affected economies are careening out of control, German industry fears for its export markets. And suddenly, Germany finds itself at war: on one side is its soul, whose spokesperson is the Bundesbank; and on the other is its dependency on exports.

At some point, after all bailout efforts have failed, one side will prevail. Germany will either come around and support “saving” the Eurozone, and thus its industrialists and banks, through monetization of debt—and lose part of its soul in the process. Or it will exit the Eurozone in disgust to revert to the Deutsche Mark or to start a smaller monetary union it can control—and lose crucial export markets in the process.

Euro And Futures Slide As Schaeuble Admits Germany Faces Potential Further Costs From Greece Fallout

comments from Germany's FinMin Schaeuble in a German newspaper that Germany faces additional costs should Greece go bankrupt or bondholders face a larger write-down on GGBs. Bloomberg notes the comments suggest additional costs potentially amounting to billions stemming from losses at WestLB and Hypo RE.

Well duh. Anyone holding Greek bonds will lose 100% of their money.
Where Are We Now? A Comparative Timeline Approach

Where are we now?

February 2010 | EU and Greece reach austerity plan
April 2011 | Portgual asks for a bailout
October 2011 | Greece 'haircut' ruled voluntary - MF Global Goes Down - CDS now meaningless
December 2011 | Greek default no longer the world's focus as Italy collapses
January 2012 | Greece defaults
March 2012 | Germany to leave the EU
June 2012 | French banks fail - French yields soar as bond auctions fail

I doubt very much Germany will leave the EU. French banks will fail or be nationalized... all will depend on the election and the timing of the credit rating downgrade.

German Trade Balance (EUR) (Sep) M/M 17.4bln vs. Exp. 12.5bln (Prev. 11.8bln)

Good more money coming in.

German Exports SA (Sep) M/M 0.9% vs. Exp. -0.8% (Prev. 3.5%, Rev. to 3.2%)

Bad...quite bad. Way less exports... From 3.2 to 0.9%... if the trend continues (and it will) then it's gonna be real bad for Germany.
And since it's the foundation of Europe, it's gonna make the whole situation even worse.

German Imports SA (Sep) M/M -0.8% vs. Exp. 0.4% (Prev. 0.0%, Rev. to -0.1%)

Good for the trade balance... but could be really exposing what's the economic reality in Germany... people spending less because they are poorer...

Dutch Industrial Production SA (Sep) M/M -0.2% vs. Exp. -0.3% (Prev. -0.6%)

Little recovery there, but still falling.

Dutch Industrial Sales NSA (Sep) Y/Y 12.7% vs. Prev. 16.1%

Still up but going down...

Vote on the budget in Italy in about 5 hours.

Latest...

Market talk that the ECB is buying Spanish government debt - unconfirmed

Well duh.

www.skynews.com.au...

Airship reaches world record 95,000ft

The enthusiasts say it is the first stage of plans which would see massive, permanently inhabited 'Dark Sky Stations' floating high in the atmosphere on the edge of space.

The Tandem airship was lifted to 80,000ft (24km) by twin helium balloons.

Two six feet-long propellers specially designed to operate in a near vacuum then lifted the craft to 95,085ft, just short of 29km (18.1m).

Video taken by onboard cameras shows the unmanned craft manoeuvring by remote control high above the Nevada desert in the US.

The airship then released the balloons and returned to Earth dangling from five parachutes.

President of volunteer space collective JP Aerospace, John Powell, said: 'The big aerospace firms have been trying to do this for decades, spending hundreds of millions of dollars.

We've spent about $30,000 ($A29,000) and the past five years developing Tandem.'

So, the solution for "problems" is always too cheap to even consider it...
If they appropriate this technology, what to do with all those rocket tech factories? People must work in order to earn their living, no?

This whole civilization is just wrong

Lets pay uncle Branson $2 million for a ride

Judge approves $410M Bank of America settlement, AP reports

They should have paid way more...

According to Bank of Italy, ECB funding to Italian banks at EUR 111.288bln end October from EUR 104.683bln end-Sep

And the ECB is saying they will stop buying Italian bonds... bunch of liars.

- Austrian bond auction for EUR 0.500bln, 4.00% Sep’16, bid/cover 2.272 vs. Prev. 2.54 (yield 1.960% vs. Prev. 4.480%)

Did you see the yield? The yield fell by 50%... and the bid to cover was LOWER... this stinks to high heaven.

- Austrian bond auction for EUR 0.6bln, 3.50% Sep’21, bid/cover 2.427 vs. Prev. 2.74 (yield 2.992% vs. Prev. 2.811%)

10 years going up, bid/cover lower... expected.

Greek 6-month T-Bill auction for EUR 1.3bln (incl. EUR 300mln non-comp. bids), bid/cover 2.91 vs. Prev. 2.73 (yield 4.89% vs. Prev. 4.86%)

Greece can still sell t-bills?

Five deputies from Italy's ruling PDL say they will abstain on vital Tuesday vote in Parliament; this could put Berlusconi's majority in danger

Awwwww...

reply to post by DangerDeath

Airship reaches world record 95,000ft

Well that's great. Put Merkel, Sarkozy, Obama, Bernanke and Berlusconi in that plane and drop them from that altitude with no parachutes... see if their lies allow them to fly...

Not posting much anymore since i´m pretty tired of this BS. But here is something will will make the Situation probably much worse,especially for the US

Property Prices Collapse in China. Is This a Crash?

Looks like the Housing (City) Market in China is on its way to collapse. Which means China may be forced to sell its US Debt to save itself pretty soon.



Muahahaha

Originally posted by Shenon
Not posting much anymore since i´m pretty tired of this BS. But here is something will will make the Situation probably much worse,especially for the US

Property Prices Collapse in China. Is This a Crash?

Looks like the Housing (City) Market in China is on its way to collapse. Which means China may be forced to sell its US Debt to save itself pretty soon.



Muahahaha

Im tired of the BS too.

So much bad news yet the market rallys on! its crazy!

As Geithner Says Supercommittee "Holds Key To Rebuiling Confidence" Supercommittee Says "Trillions Of Dollars Apart"

And for that we go to Politico: "Congressional Democrats and Republicans are trillions of dollars apart on a deficit reduction deal as the supercommittee nears its Nov. 23 deadline."

"This plan would provide the very wealthiest Americans with one of the largest tax rate cuts ever. It's a shell game. A thinly veiled attempt to appear to put revenue on the table while simultaneously removing far more with massive tax cuts for wealthy Americans

Another downgrade coming? You betcha.

Goldman Sachs On Italy: "What's Next"

And, just as in the case of Credit Suisse, Goldman is desperately pushing for Italy to avoid precisely the outcome that Berlusconi has said is coming, namely early elections: "These could be held in mid-January at the earliest, although they would most likely be postponed until the Spring amid market turmoil. This would represent the worst scenario for markets, in our view. Since President Napolitano is aware of this, he will probably try to resist dissolving Parliament at this juncture. Also, most centrist parties would want to change the electoral law before a new vote takes place. All these scenarios will take some time to play out, a couple of weeks at least. In the meantime, the higher priced Italian government bonds will continue to be sold, as gradually higher margin requirements are applied.

And Berlusconi says he will resign... but when... nobody knows.

China's Yield Curve Inversion Signals Sharp Slowdown Ahead

the US 'cannot' be in recession because the yield curve has not inverted. Well, unfortunately for the savior-of-the-universe Chinese economy, their yield curve (the 2s-10s differential) has just inverted for the first time - suggesting, as per Mike Darda of MKM, the Chinese economy is “set to slow rather sharply” and that has “negative implications” for commodities tied to industrial growth.

THere will be chaos in China soon enough... or they'll start a war to divert attention... but against who? India? South Korea? Vietnam? Taiwan?

The stock market is only traded by COMPUTER ALGORITHMS trading on headlines... if more people could understand that it would be a good step forward. There's not ONE DAMN HUMAN in there trading.

What in the heck is going on with Buffet is he trying to buy out the markets so his companies doesn't collapse out of desperation or if he such a genius he see something in the future that we didn't.

Warren Buffett's $24 Billion Bet on the U.S. Market

Investing legend Warren Buffett must be feeling good about the U.S. market and economic outlook – he's bet $24 billion on them.

If he really, really feeling good or saving his butt

Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) invested $23.9 billion in this year's third quarter, the most in at least 15 years.

The company bought almost $7 billion in stock last quarter, a 90% jump from the $3.62 billion in the second quarter and a staggering 739% increase from the $834 million purchased in the first.

The $23.9 billion also included the $9 billion acquisition of specialty chemical company Lubrizol Corp., finalized in September, and $5 billion in preferred shares and warrants in Bank of America Corp. (NYSE: BAC).

Humm, Bank of America corp, 5 billion? didn't they just got to pay a fine for what they did to their costumers?

Lubrizol? IS WARREN BUFFETT IN TROUBLE? Now back in April . . .

Earlier this week, David Sokol, the man touted as the successor to the fabled investor, Warren Buffett, president of Berkshire Hathaway, suddenly resigned without warning. Then the plot sickened. It has emerged that some time ago David Sokol bought shares of Lubrizol Corp. for his own portfolio. Sokol spent $10 million for the shares. About a week or 10 days later, Sokol recommended that Buffett buy shares in Lubrizol Corp. Mr. Buffett then proceeded to buy a large position in Lubrizol (seems to me he spent $9billion for the shares). This drove the shares of Lubrizol up. Mr. Sokol then sold his private position and made a tidy $3 million on the deal.

neilmckenty.com...

Smart investment or just a cover up.

Buffett and Berkshire's investments broadened the company's portfolio beyond its financial and consumer-related investment focus.

A Berkshire financial filing showed a $46 billion cost basis in the company's equity investments as of Sept. 30: About $15.9 billion in "banks, insurance and finance," $12.5 billion in "consumer products," and the remaining $17.4 billion in "commercial, industrial and other."

That's a 168% rise in the "commercial, industrial and other" category from Dec. 31, 2010 when such investments totaled only about $6.5 billion, and a 62% increase from 2011's second quarter.

Is Buffet "Broadening his horizons" or just making himself look like the genious investor he is always been call to be. So others follow sue.

moneymorning.com...

I guess when you have billions to burn you can pretty much do anything you feel like it. and get bailed out by the American tax payers.

Barclays Says Italy Is Finished: "Mathematically Beyond Point Of No Return"

Summary from Barclays Capital inst sales:

1) At this point, it seems Italy is now mathematically beyond point of no return
2) While reforms are necessary, in and of itself not be enough to prevent crisis
3) Reason? Simple math--growth and austerity not enough to offset cost of debt
4) On our ests, yields above 5.5% is inflection point where game is over
5) The danger:high rates reinforce stability concerns, leading to higher rates
6) and deeper conviction of a self sustaining credit event and eventual default
7) We think decisions at eurozone summit is step forward but EFSF not adequate
8) Time has run out--policy reforms not sufficient to break neg mkt dynamics
9) Investors do not have the patience to wait for austerity, growth to work
10) And rate of change in negatives not enuff to offset slow drip of positives
11) Conclusion: We think ECB needs to step up to the plate, print and buy bonds
12) At the moment ECB remains unwilling to be lender last resort on scale needed
13) But frankly will have hand forcedby market given massive systemic risk

Now there's some poignant news for today ladies and gentleman, regarding the Italian sovereign debt situation, and what is fast becoming a Eurozone wide predicament and crisis.

reply to post by surrealist


No to disappear, didn't you hear, Buffet is investing in the markets, that means Italy means nothing to the American economy.

Soooo, everything is peachy in Richistan America.

Euro will drop to 1.32 before long

reply to post by marg6043


Speaking from experience on W Buffet. My father owns a large company and its going down the tubes because we are having credit problems, the company is owed 40 million and no one is paying us, so my dad is pumping up the company by dumping his privet wealth to keep the company afloat. I se W Buffet trying to do the same thing.

So it took them A WEEK... but they FINALLY did it...

Market Stalls As LCH Announces Margin Hikes On Italian Debt

LCH Raises Deposit Charge on 10-Yr Bonds to 11.65% From 6.65%

French banks are screweeeeeeeeeeeeeeeeeeeeed.

And Merkel, showing her true fascist colors once again :

*MERKEL REJECTS GERMAN REFERENDUM ON EURO MATTERS, DPA SAYS

Stinking witch... you deserve to hang high.

Italy’s Berlusconi: No alternative to early elections, sees voting in early Feb

And watch this... the next likely PM of Italy is gonna be the ex-justice minister that was in Berlusconi cabinet... and look what he passed when he was in office...

The Lodo Alfano, named after him, was a law, valid between 2008 and 2009, granting immunity from prosecution to the four highest political offices in Italy (President of the Republic, Presidents of the two Houses of Parliament, and Prime Minister). It was widely criticized as a copy of the Lodo Schifani, declared unconstitutional in 2004, and was seen by critics as an ad personam law aimed primarily at stopping trials involving Berlusconi. The Lodo Alfano was declared unconstitutional by the Italian Constitutional Court in October 2009.

Pretty good guy uh?

Not to mention, in 1996, the guy was at the wedding of a mafia boss's daughter... real real good guy...

Mwhahahaha, Italy is blowing up...

They raised the margin on the debt... so the yields went down... before going supernovae.

ITALY IS DONE and the EU along with it... stick a fork in it.

Update : Italy 10 yr note at 7.159%.... At this rate, it's gonna break 9% today...

DOW futures also crashed 150 points in the last 10 minutes...


Update 2 : Yields now at 7.36%!

reply to post by camaro68ss


Thanks for the information, I remember back before the 2008 crash that it was a lot of infusions to the markets for a while that boosted the markets when they were at their lowest, I wonder how much private wealth was poured into them, from People that can do a big boost and money is not problem, like Buffet.

It will be interesting to see if the investments that Buffett has put in the Markets this time have anything to do with the markets performing better than It should.

I wonder.

If people like Buffett can spend billions like it was toilet paper I wonder what else is he getting in return.

reply to post by Vitchilo


I seems that the most nations in the EU could play with their economies like the US have done for decades and get away with it, for some reason we here in the US are some kind of oddity we can raise the debt, print the money and just do fine, obviously other nations fail when they try to do the same.

reply to post by Vitchilo


Like I said before Merkel will be the death of Germany, the women is in a globalist agenda and whatever she has been promised most be very lucrative indeed, when she is just pushing for ideologies that are failing in front of the entire EU eyes.

Where is the money for the bailout?

reply to post by marg6043


Yeah,little Biatch that Merkel (sorry Mods,but its true). I guess someone might have some heavy Blackmail against her (or Germany) if she is so blatantly betraying her own Nation again and again.

Anyway,looks like the ECB is intervening again because the Italy 10Year is dropping a little. Won´t work for long i guess...

I have nothing real intellegent to say other then I am watching and continue to do so. It just keeps going and going. I read something that said this decline could take years where as others say it will happen quick like dominoes. The whole market thing is crazy. On one IRA account I made 9% this year and the other account I had losses so bad I don't even want to put a number to it. I will say the losing account was heavily invested in Euro stocks.