STOCK MARKET WATCH -- Tuesday, 19 February 2013

[Tansy_Gold]

[font size=3]STOCK MARKET WATCH, Tuesday, 19 February 2013[font color=black][/font]

SMW for 18 February 2013

AT THE CLOSING BELL ON 15 February 2013
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Dow Jones 13,981.76 +8.37 (0.06%)
[font color=red]S&P 500 1,519.79 -1.59 (-0.10%)
[font color=black]Nasdaq 3,192.03 0.00 (0.00%)


[font color=green]10 Year 2.00% -0.01 (-0.50%)
[font color=red]30 Year 3.19% +0.01 (0.31%)[font color=black]


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[font size=2]Market Conditions During Trading Hours[/font]
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[font size=2]Euro, Yen, Loonie, Silver and Gold[center]

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[font color=black][font size=2]Handy Links - Market Data and News:[/font][/font]
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Economic Calendar
Marketwatch Data
Bloomberg Economic News
Yahoo Finance
Google Finance
Bank Tracker
Credit Union Tracker
Daily Job Cuts
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[font color=black][font size=2]Handy Links - Economic Blogs:[/font][/font]
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The Big Picture
Financial Sense
Calculated Risk
Naked Capitalism
Credit Writedowns
Brad DeLong
Bonddad
Atrios
goldmansachs666
The Stand-Up Economist
The Automatic Earth
Wall Street on Parade
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[font color=black][font size=2]Handy Links - Essential Reading:[/font][/font]
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Matt Taibi: Secret and Lies of the Bailout


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[font color=black][font size=2]Handy Links - Government Issues:[/font][/font]
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LegitGov
Open Government
Earmark Database
USA spending.gov
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[font color=black][font size=2]Handy Links - Videos:[/font][/font]
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Charlie Rose talks with Roubini
Charlie Rose talks with Krugman
William Black: This Economic Disaster
Bill Moyers with Kevin Drum and David Corn
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[font color=red]Partial List of Financial Sector Officials Convicted since 1/20/09 [/font][font color=red]
2/2/12 David Higgs and Salmaan Siddiqui, Credit Suisse, plead guilty to conspiracy involving valuation of MBS
3/6/12 Allen Stanford, former Caribbean billionaire and general schmuck, convicted on 13 of 14 counts in $2.2B Ponzi scheme, faces 20+ years in prison
6/4/12 Matthew Kluger, lawyer, sentenced to 12 years in prison, along with co-conspirator stock trader Garrett Bauer (9 years) and co-conspirator Kenneth Robinson (not yet sentenced) for 17 year insider trading scheme.
6/14/12 Allen Stanford sentenced to 110 years without parole.
6/15/12 Rajat Gupta, former Goldman Sachs director, found guilty of insider trading. Could face a decade in prison when sentenced later this year.
6/22/12 Timothy S. Durham, 49, former CEO of Fair Financial Company, convicted of one count conspiracy to commit wire and securities fraud, 10 counts of wire fraud, and one count of securities fraud.
6/22/12 James F. Cochran, 56, former chairman of the board of Fair, convicted of one count of conspiracy to commit wire and securities fraud, one count of securities fraud, and six counts of wire fraud.
6/22/12 Rick D. Snow, 48, former CFO of Fair, convicted of one count of conspiracy to commit wire and securities fraud, one count of securities fraud, and three counts of wire fraud.
7/13/12 Russell Wassendorf Sr., CEO of collapsed brokerage firm Peregrine Financial Group Inc. arrested and charged with lying to regulators after admitting to authorities he embezzled "millions of dollars" and forged bank statements for "nearly twenty years."
8/22/12 Doug Whitman, Whitman Capital LLC hedge fund founder, convicted of insider trading following a trial in which he spent more than two days on the stand telling jurors he was innocent
10/26/12 UPDATE: Former Goldman Sachs director Rajat Gupta sentenced to two years in federal prison. He will, of course, appeal. . .
11/20/12 Hedge fund manager Matthew Martoma charged with insider trading at SAC Capital Advisors, and prosecutors are looking at Martoma's boss, Steven Cohen, for possible involvement.



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[font size=3][font color=red]This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.[/font][/font][/font color=red][font color=black]

[Demeter]

1. The Poop Deck Has Taken On a Totally New Meaning

And the cruise ship is becoming the metaphor for our age....first the Costa Concordia, then this one....


It's the 3 hour tour, come back as tragedy in life, where first it was farce in "art".

It used to be the other way around: As Karl Marx noted:

"Hegel remarks somewhere that all great, world-historical facts and personages occur, as it were, twice. He has forgotten to add: the first time as tragedy, the second as farce."


Read more at http://quotes.dictionary.com/history_repeats_itself_first_as_tragedy_second_as#fDr7yM8A9hb5wMXi.99

[Warpy]

11. However, I've noticed that these turn out to be the great trips,

the ones where everything goes wrong. Those are the occasions fast friends are made and stories to bore one's relatives on holidays are written.

[Demeter]

2. IBM (I've Been Moved--or at least, my computer has)

Not to the permanent location, yet. So expect marginal utility from this input...

The machine seems okay...the owner is going batshit, though.

Please keep us both in your thoughts....

[Demeter]

3. President Obama’s Three-Day Vanishing Act Into a Millionaire’s Enclave By Pam Martens

http://wallstreetonparade.com/2013/02/president-obamas-three-day-vanishing-act-into-a-millionaires-enclave/

The President of the United States, who told us this past Tuesday evening in his State of the Union address how concerned he is with the middle class, disappeared into a millionaire’s enclave for a three-day bachelor vacation with pals. According to the White House, Tiger Woods was among those playing golf with the President. (First Lady Michelle, and daughters, Malia and Sasha, are skiing out west.) While the President is certainly entitled to rest and relaxation, what he is not entitled to during the greatest economic downturn since the Great Depression is hypocrisy. Fresh from his State of the Union speech on Tuesday and a speaking tour focusing on how he plans to lift up the poor and middle class, the President flew on Friday evening to the Floridian Yacht & Golf Club in Palm City, Florida, a millionaire’s golfing enclave where cottages rent for $1500 a night and golf lessons can run $3,000 an hour. The initiation fee is a one-time payment of $50,000 and annual dues are $15,000. The facility includes a 61-foot yacht...Contrast all that against the 46.2 million Americans, including one in every five children, who are living below the poverty rate, defined by the government as $23,021 annual income for a family of four.

The Floridian is owned by Jim Crane, a friend of the President’s and also owner of the Houston Astros baseball team. According to Crane, he greeted the President upon his arrival and said he hoped to play a round of golf with him on Sunday...In 2001, Crane was CEO of Eagle Global Logistics when the company settled a broad based complaint filed against it by the Equal Employment Opportunity Commission. In the settlement, the EEOC said the company paid “African-Americans, Hispanics and female employees less than Caucasian and/or male employees for performing similar or comparable work.” The Houston Chronicle reported that Crane told his subordinates not to hire blacks because “once you hire blacks, you can never fire them.”

While President Obama lavished in luxury, the ignored White House Press Corps stayed in a decidedly less elegant Holiday Inn in Port St. Lucie about 20 minutes away. Why the reporters were not told in advance that the President would be off limits to them for three days, allowing them to enjoy a three day weekend with their families back home, suggests more arrogance from the White House...By Sunday, the White House Press Corps which had not been allowed inside the privileged grounds of the Floridian for even a photo of the President, was boiling over with anger. Ed Henry, President of the White House Correspondents’ Association, released the following statement: “A broad cross section of our members from print, radio, online and TV have today expressed extreme frustration to me about having absolutely no access to the president of the United States this entire weekend. There is a very simple but important principle we will continue to fight for today and in the days ahead: transparency.”

As the President was spending the weekend hobnobbing with billionaires and millionaires, he released the following remarks in his weekend address:

Hi, everybody. This week, I’ve been traveling across the country – from North Carolina to Georgia to here at Hyde Park Academy in my hometown of Chicago – talking with folks about the important task I laid out in my State of the Union Address: reigniting the true engine of America’s economic growth – a rising, thriving middle class…

And how do we make sure your hard work leads to a decent living?…

No one in America should work full-time and raise their children in poverty…

In the coming weeks and months, our work won’t be easy, and we won’t agree on everything. But America only moves forward when we do so together – when we accept certain obligations to one another and to future generations. That’s the American story. And that is how we will write the next great chapter – together.

Apparently, the President plans to govern the Nation by rhetoric alone in his second term. He has thus far nominated a former Citigroup executive (Jack Lew) to be the next Treasury Secretary, a man who took $940,000 of taxpayer bailout funds as a bonus for himself. He has nominated a corporate lawyer (Mary Jo White) to head the SEC; a woman who would be completing her fourth turn through the revolving door and represents the largest firms on Wall Street. The President needs to understand the next chapter is already being written. And so far, it’s revolting.

[siligut]

6. Can you decipher this Demeter?

Where was Obama this past weekend? Did Pam Martens just fabricate her story? I am confused.

[Demeter]

7. Golfing with Tiger Woods a Exclusive Resort

[siligut]

9. Oh, so that's what she meant when she said he was golfing at an exclusive resort

I have never seen her write so abrasively, I thought there was something up.

[bread_and_roses]

12. I was so sure this was satire ...

that I googled it ...

I guess not. And I thought those quotes were satire too - so formulaic, so condescending .... I guess even I am not as jaded as I thought I was, because I find this whole story just stunning.

[Demeter]

13. That's one word for it

Cynical is another. Business as usual....

[Demeter]

4. This explains Firefox glitches, perhaps

I wish people would stop trying to do me favors...I can't afford them!

[DemReadingDU]

5. Fighting Back: Self Defense Jewelry

Remember Demeter's post from yesterday Monday?
http://www.democraticunderground.com/111630868#post7


and today we have Self Defense Jewelry...


2/19/13 Fighting Back: Self Defense Jewelry (video at the link)

We're fighting back to help you protect yourself, but in style.

It will leave a statement and something criminals won't even see.

Sounds too good to be true for jewelry lovers, but it's one way to protect yourself if you don't want to use self-defense tools like pepper spray, Tasers or a gun.

We found rings with sharp objects on the ends that could really hurt someone if you need to fight back.

There are also rings on the market with pepper spray inside of them.

"It's low key. You don't have to have them knowing what you're doing. I think it'd be perfect," said Jenny Hart.

click link for video
http://www.abc22now.com/shared/news/top-stories/stories/wkef_vid_11468.shtml

[Demeter]

8. Oy vey

[Demeter]

10. Board meeting tonight

Maybe tomorrow I'll be sane....