STOCK MARKET WATCH -- Monday, 25 February 2013

[Tansy_Gold]

[font size=3]STOCK MARKET WATCH, Monday, 25 February 2013[font color=black][/font]

SMW for 22 February 2013

AT THE CLOSING BELL ON 22 February 2013
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Dow Jones 14,000.57 +119.95 (0.86%)
S&P 500 1,515.60 +13.18 (0.88%)
[font color=black]Nasdaq 3,161.82 0.00 (0.00%)


[font color=green]10 Year 1.96% -0.02 (-1.01%)
30 Year 3.17% -0.02 (-0.63%)[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]

[Fuddnik]

1. Where's all the mis-informed voters?

There's a lot of powerful propaganda flying around in all directions. Like cow pies in a hurricane.

[kickysnana]

2. Well they were down having lunch in our Senior building on Friday.

Viv's 92 year old brother was there telling everyone that Turkey's economic problems were because nobody there wanted to work.

I hadn't been down for lunch in a few months and I didn't have any "Turkey" facts to throw out so I just tuned out the conversation so as not to get an upset stomach.

[Fuddnik]

3. I had a sweet conversation with a teabagger in the bar last week.

Every time he gets a snoot full of Fox News or Rush, he comes in there running his mouth, with a bunch of ignorant mis-informed bullshit.

Well I'd had a generous snoot full of Cigar City's finest, when he came in bitching about overpaid auto workers. I think the kindest thing I said to him was for him to go perform an unnatural act on himself, in much more colorful language.

He tucked his tail and ran.

[DemReadingDU]

4. Mis-informed, uninformed, and non-voters too

[Demeter]

5. And then there's the apathetic and the cynical

both groups that do nothing because there's really nothing that can be done as presently consituted.

I have studied history for solutions...and they are all bloody.

Except for Iceland, which was small enough, and insignificant enough (and evidently, not sufficiently corrupted by entrenched 1% Eliters in government) to have a true plebiscite and overcome the criminal class (at least to some extent...the story's not finished yet) without violence and destruction.

[bread_and_roses]

13. Why should they vote?

Who speaks for them? Not most Ds, out there spouting the corporate line right along with the Rs - with a few more scraps and bones, to be sure - something for GLBT, something for women, nothing that costs real money or impacts real power.

I'll tell you I've learned this lesson well - even in local politics, when we turned out the last ten or so voters - door to door, in a poor neighborhood, at a few minutes before the polls closed, to win an election. And you know what? That winner never set foot in that neighborhood, never talked to "those people," never cared what happened to them.

Fuck them all. I still get hot thinking about it. They make liars of all of us who go out and tell people it will make a difference. I swore then I'd never do that again, and I never have.

[kickysnana]

17. I just send a message back to the DFL

It said that until Obama starts recognizing the Constitution, the Magna Carta and starts including public school teachers in the talks on education not to bother sending me any more email saying, "Look how bad those other guys are."

Nobody will read it but it made me feel better.

[Demeter]

6. I'm going to be AWOL a lot this week

and the next, too, probably. A lot of midnight posting, if insomnia strikes. Everybody: be good, stay alive and healthy, and I'll be back as soon as possible.

The Stress is strong, in this one.

[Tansy_Gold]

7. Hugs and immoral support from the still chilly Southwest

Where the march of uninformed voters (and I use THAT term loosely, too) continues unabated.

Just hang around my local coffee shop for a while and be AMAZED at the nonsense that comes from people's mouths. . . . and/or other bodily orifices. . . . . .

[Fuddnik]

15. Did you at least go out and throw snowballs at Phil Mickelson?

[Tansy_Gold]

16. Nah.

Not enough snow here for a self-respecting snowball, and if there had been, I wouldn't have wasted the effort on that whiny turd.


Moby and Mattie did NOT like the snow.

[Hotler]

8. Gunga Din, I'm honored.......

Din! Din! Din!
You Lazarushian-leather Gunga Din!
Tho' I've belted you an' flayed you,
By the livin' Gawd that made you,
You're a better man than I am, Gunga Din!

Thank you Demeter. You are one sharp lady.
Peace

[bread_and_roses]

12. Take care of yourself

as best you can in these days ... you deserve it - not that we all don't, but YOU in particular in this instance.
namaste, solidarity, and sororality

[xchrom]

9. LIVE: ITALIAN LEFT SET TO WIN ELECTION, MARKETS ARE SURGING

http://www.businessinsider.com/italian-election-results-2013-2

Rome, Italy — We're live from the Casa dell'Architettura in Rome, where the center-left Partito Democratico is hosting its election day activities.
According to exit polls reported by Bloomberg and local Italian news, Pier Luigi Bersani is projected to win.
Bersani is the the center-leftist candidate, and the candidate that international markets most wanted to see.
He's far superior, in the eys of markets, to Berlusconi, who would have represented a turn away from the reforms that started in late 2011.
Here's a breakdown of the exit polls:
Sky News Poll, Chamber results:
Bersani: 34.5 percent
Berlusconi: 29 percent
Grillo: 19 percent
Monti: 9.5 percent
RAI poll, Senate results
Bersani: 36-38 percent
Berlusconi: 30-32 percent


Read more: http://www.businessinsider.com/italian-election-results-2013-2#ixzz2LvJuhM3y

[xchrom]

10. Citi Offered Jack Lew A Big Bonus To Secure A 'High-Level' Government Position

http://www.businessinsider.com/citis-government-job-bonus-for-jack-lew-2013-2

It's not uncommon for a U.S. Treasury Secretary to have served on Wall Street, but what's interesting about this next one is that his bank gave him a pretty significant financial incentive to do so.

The Senate Finance Committee will vote Tuesday on President Obama's nomination of White House Chief of Staff and former Citi executive Jack Lew for the top job at the U.S. Treasury.

Lew left Citi in 2009 to become the Deputy Secretary of State.

At Lew's recent confirmation hearing for Treasury Secretary, an interesting detail about his employment contract with Citi emerged: a bonus meant to keep him at Citi – meaning he wouldn't get it if he quit – would still be granted on the condition that he left the bank for a "high level" position in the federal government.


Read more: http://www.businessinsider.com/citis-government-job-bonus-for-jack-lew-2013-2#ixzz2LvKLkFkb

[xchrom]

11. Sterling under pressure after Moody's cuts UK's AAA rating

http://www.bbc.co.uk/news/business-21570578

The pound came under pressure on Monday as currency traders reacted to the UK's loss of its top AAA credit rating.

Having fallen to a two-and-a-half year low against the dollar and a 16-month low against the euro, sterling showed signs of recovering by midday.

But the downturn resumed amid reports that traders were shorting the pound - betting it would fall further.

Chancellor George Osborne will comment on the downgrade to MPs later after Labour was granted an urgent question.

[Demeter]

14. Give me a T..E..A...M! Whatta you got?

[tclambert]

18. Uh, MEAT?

Are you saying we're just meat to the financial elite and they will slaughter us like cattle if it will make them a penny in profit more?

Yeah. That sounds about right.

[Fuddnik]

19. Not meat. Soylent Green.