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

reply to post by DangerDeath


As usual while trying to preserve the wealth fo the few they will go for inflation, but guess what, this will cause the citizens of the trouble countries to go against their puppet governments, I guess France needs another French revolution and this time it will be the banking system heads in the guillotine.

reply to post by DangerDeath


there something going around the web saying that bush's revised bankruptcy laws make it so that mf's globals investors (don't think it's every type of investor, though...) were put in a higher tier for payout in the case of bankruptcy than the account holders....
it's possible I guess that the congress is kind of lying when they ask him where the money is...
that both they and corzine know what happened to the money, it was diverted into the fund to pay off mf global's "investors"..
if this was the case, well, I imagine they wouldn't want that to be front page news, since it would just about cause a run on the banks!!

much better for them all to act dumb and stupid!

has anyone tracked down this information?? I would love to see a quote of the bankruptcy law that says what is being claimed.

reply to post by dawnstar


According to Bloomberg Business week (recent article) a judge has approved the third transfer of funds back to MF Global "customers" since it filed for bankruptcy, so they have "72 percent" of their money back, and these were "frozen funds". This doesn't answer your question exactly, except it looks like all is not doom and gloom for the customers, regardless of the top tier people.
So I guess thats good!
www.businessweek.com...

Moody's to revisit EU sovereigns ratings in Q1 2012

Moody's Investors Service said on Monday it will revisit the ratings of European nations in the first quarter of 2012, after last week's summit did not produce decisive initiatives and left the euro area prone to further shocks.

"The absence of measures to stabilise credit markets over the short term means that the euro area, and the wider EU, remain prone to further shocks and the cohesion of the euro area under continued threat," it said in a report.

The agency added the crisis remains in a critical and volatile stage, with sovereign and bank debt markets prone to acute dislocation which policymakers will find increasingly hard to contain.

India industrial production for october... -5.1%...

Zerohedge

The last few minutes saw some of the ugliest macro data we have seen in a while come out of India as it's Industrial Production growth missed expectations by a mile falling to levels only seen in the middle of the global economic shutdown in Q1 2009.

Europe back under pressure after summit

The euro and European stocks fell Monday as a landmark move toward deeper economic integration at last week's EU summit failed to convince investors its sovereign debt crisis would not continue to deepen.

German bund futures, seen as a safe haven for investors from the turmoil surrounding a number of highly-indebted euro zone governments, rose.

Struth, what was the lifespan of that market boosting strategy? About six hours on European stocks.

reply to post by surrealist

German bund futures, seen as a safe haven for investors from the turmoil surrounding a number of highly-indebted euro zone governments, rose.

That is so ridiculous. German banks are on the verge of collapse. When they do collapse, Germany is done.

Germany is almost as worse as France... the whole euro zone is doomed.

reply to post by dawnstar


I posted it a few pages back here.

Here is another Article (same Context)

JP Morgan Crashed MF Global to Avert COMEX Failure, European Derivatives Implosion

We had a COMEX system failure in November. COMEX was ready to default on gold and silver in November. Rather than honor delivery demands in gold and silver- JP Morgan simply stole the money in the accounts that were going to stand for delivery. They had their pockets picked while they were standing in line at the delivery window. Notices of delivery were replaced at stolen accounts!

JP Morgan averted both a COMEX default and a European sovereign debt implosion, and notice that JP Morgan increased the amount of silver in their registered vaults by precisely the amount that was supposed to be delivered!

Italy 1-Year Yield Falls to 5.95% at Auction

Rome paid slightly less than 6 percent to sell 7 billion euros of one-year bills on Monday as appetite for short-term maturities, especially from retail investors, helped offset market pressure on Italian debt after last week's European Union summit.

At 5.952 percent, the one-year yield was just below a euro lifetime record high of 6.087 percent hit at a mid-November sale.

In a bid to support key domestic demand for its debt, Italy held a so-called "BOT day" on Monday, with banks scrapping fees for retail investors who bought the bills at auction.

Demand for the bills totalled around 13.5 billion euros.

From a record high of 6.087 to 5.952 following last Friday's spectacular EU summit agreement is hardly anything to get a climax over.

Moody's Unhappy With Friday Euro Summit, To Review Ratings, Warns Of "Multiple Defaults And Exits By Euro Area Countries"

The result, as one can imagine, a surge in Italian and Spanish yields, and redness across the screen.

Hihi

reply to post by Shenon


Looks like another meeting is in order. How many have they had now?
They need to come up with another meeting about another meeting about how they can make another agreement that will temporarily boost hope in the markets until reality sets in, by that time they will already be organising another meeting about a possible other meeting.....
Can kicking is quite a skill you know.

Which countries debt is 1000% of GDP?
The UK!
It has banking debt that is 4 times the size of the UK!

www.youtube.com...

Wow . . . financial sector is taking a whuppin' this morning. Citigroup and Morgan Stanley down more than five percent, with BOA trimmed another three percent and getting closer to that $5 mark where bowl-swirl becomes a vortex from which they'll have a hard time getting out.

Seems there's a greater deal of vulnerability in Europe than they've let on . . . and no wonder why Geithner was over there twisting arms.

Man . . . this is getting uglier by the day.

Judging by its shrinking stock price, though, investors are acting as if Bank of America is near a tipping point. Its market capitalization stands at $115.6 billion, or 54 percent of book value. That’s the second-lowest price-to-book ratio among the 24 companies in the KBW Bank Index, and well below the 76 percent ratio the company was at in October 2008 when it landed its first round of TARP dough. Put another way, the market is saying there’s a $96.8 billion hole in Bank of America’s balance sheet.

And that was the take more than a month ago when the stock was trading at about $11.50 a share . . .

Source

Since noone bothered to make a Thread for it,i was forced to do it *sigh*

Iran Military Practicing Straits Of Hormuz Closure

This is pretty much both for the "Global Meltdown" and "World War Three" Sub-Forums,since a closing of the Straits of Hormuz would send the Western Worlds Economys pretty much down the Cliff with 10 times the Speed it is falling right now...

Originally posted by Shenon


Iran Military Practicing Straits Of Hormuz Closure

This is pretty much both for the "Global Meltdown" and "World War Three" Sub-Forums,since a closing of the Straits of Hormuz would send the Western Worlds Economys pretty much down the Cliff with 10 times the Speed it is falling right now...

but, what if Arabia and the Gulf States pumped their oil exports across land and created Arabian Seas/Indian Ocean ports and offshore Supertanker Hubs...

they could have refineries there too, along with Liquid Natural Gas facilities...
all these would circumvent the dangerous Hormuz Straits...
and would be a boon to oil supply & delivery

think of the billions in infrastructure that would keep growing as the decades rolled by~leaving the Iran Iraq fields to be piped to the Mediterranian ports or overland to Europe or Eurasia
getting rid of one dangerous passageway would have changed much of the Arabia Peninsula dynamics..
good for growth & stocks in many Markets

you would have to assume someone is making a killing by releasing false hope raising the stock prices and then selling high and then releasing bad news and dropping the prices to start the process all over again. Its so bloody obvious its predictable. the dam stock market graph reads like someone having cardiac arrest...

I wish i understood the stock market better so i could make some money off this.

What a load of crap . . .

The market dropped yesterday due to the mess in Europe . . .

The market dropped yesterday due to Intel's report hitting the street . . .

Both those issues still exist today, along with a handful of others that we're all so darned familiar with.

Yet, low and behold, the market opens up over 100 points this morning because . . . wait for it . . . wait for it . . .

U.S. stocks moved firmly higher Tuesday, rebounding from the previous day's sell-off as investors wait to hear what the Federal Reserve will say at the end of its policy-making meeting

Source

Gotta love it. The media is the written equivalent of a manure spreader on some midwestern farm . . . spread enough bullsh!t around and maybe something will grow out of it.

What a joke.

I really wish somebody would write an honest to goodness piece for publication that said something to the effect . . .

Well, today is another day. Same crap. Different wrapper. But, on Wall Street, there's a half million people hard at it trying to make it seem as though we somehow can master our own destiny. So, the market will open higher or lower today based on really nothing but some load of crap we have to write to fit between the ads in the print copy of this POS publication, and to get a few more bucks in ad revenue off website hits.
There's nothing factual or earth shattering to report, so we'll just leave it at that today

Ugh.

EU PLOTS REVENGE AGAINST BRITAIN

BRITAIN last night faced a revenge attack for David Cameron’s EU snub when a senior Brussels bureaucrat promised a new deluge of damaging red tape on UK business.

European economics commissioner Olli Rehn insisted that the EU could override the Prime Minister’s veto to slap more regulation on the City of London.

And he vowed that Brussels would ignore Mr Cameron’s bid to protect British finance and British jobs.

Well ain't that neat.

Just found this about the Hindenberg Omen happening yesterday (Dec. 12, 2011)

Monday Hindenberg Omen.

reply to post by Vitchilo


So now when countries refuse to be in the dictatorship of the EU they will be faced with repercussions, like petulant children no getting their way when they can not get what they want.

That is what the fat rats in the EU are all about, petulant fat rats that must get their way or throw a temper tantrum.

Lo and behold what our world has become nothing but full of pieces of crap on position of power spreading more crap.