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Tansy_Gold

(17,860 posts)
Thu Sep 13, 2012, 08:30 PM Sep 2012

STOCK MARKET WATCH -- Friday, 14 September 2012

[font size=3]STOCK MARKET WATCH, Friday, 14 September 2012[font color=black][/font]


SMW for 13 September 2012

AT THE CLOSING BELL ON 13 September 2012
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Dow Jones 13,539.86 +206.51 (1.55%)
S&P 500 1,459.99 +23.43 (1.63%)
Nasdaq 3,155.83 +41.52 (1.33%)



[font color=green]10 Year 1.72% -0.02 (-1.15%)
[font color=red]30 Year 2.93% +0.02 (0.69%) [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 - Government Issues:[/font][/font]
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LegitGov
Open Government
Earmark Database
USA spending.gov
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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




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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]


26 replies = new reply since forum marked as read
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STOCK MARKET WATCH -- Friday, 14 September 2012 (Original Post) Tansy_Gold Sep 2012 OP
Afer reading another "family member has just entered American corporate health care" kickysnana Sep 2012 #1
After seven years Tansy_Gold Sep 2012 #2
. Ghost Dog Sep 2012 #10
The ironic thing is Tansy_Gold Sep 2012 #15
Healthcare, sickcare, is all a bad nightmare DemReadingDU Sep 2012 #16
When my mom was sick 10 years ago, she did not have living will DemReadingDU Sep 2012 #17
I am not sure you could pay me enough to say what Ezra Klein said with a straight face jtuck004 Sep 2012 #3
kick. Ghost Dog Sep 2012 #12
QE3, for you and me... hamerfan Sep 2012 #4
QE is not for the benefit of the 99% DemReadingDU Sep 2012 #5
Drive by post Demeter Sep 2012 #6
Today's Reports Roland99 Sep 2012 #7
August Consumer Prices >>>> Roland99 Sep 2012 #8
August Retail Sales >>>> Roland99 Sep 2012 #9
US August Industrial Output >>>> Roland99 Sep 2012 #11
US September Consumer Sentiment >>>> Roland99 Sep 2012 #14
Markets (QE)bullient Roland99 Sep 2012 #13
This will be the classic example of the old proverb Demeter Sep 2012 #19
Well, It is true. Jesus was not 1%er. Buddha, but gave it up... Demeter Sep 2012 #18
I do not believe in violence Tansy_Gold Sep 2012 #20
Which one? Demeter Sep 2012 #21
The one saying no one had killed him Tansy_Gold Sep 2012 #22
Behind every great oligarch. westerebus Sep 2012 #24
He posted an excellent bit of weather forecast Demeter Sep 2012 #25
Muchos nachos. westerebus Sep 2012 #26
Egan Jones Downgrades US From AA To AA- Roland99 Sep 2012 #23

kickysnana

(3,908 posts)
1. Afer reading another "family member has just entered American corporate health care"
Thu Sep 13, 2012, 09:57 PM
Sep 2012

We need to do better. We need the equivalent of a Social worker or a Church worker who knows that hospital experience, knows insurance, knows the available choices for nursing home, home health care, knows how to communicate with doctors and nurses when there is a dispute on care. Todays Social workers spend all their time trying to get rationed care at home, and placements in overcrowded facilities. It takes many, many hours for each patient. Many work hours without pay because the need is there and if they don't bad things happen.

Everybody goes into this blind and the outcome is almost never a good experience because the choices are critical the information lacking and the perspective absent.

Mom died in Jan 2008 and died in July 2010. We thought we could do better but Dad and we really tried finally asking each time "if this were your parent or loved one what would you do" because they have to give all the choices even the horrible ones.

For example, my daughter-in-law's Dad went in for lung surgery to help a lung condition. He suffered a massive heart attack in recovery survived but had another two days later. The resuscitation further damaged his lungs and his heart was probably never going to be strong enough for him to be off of machines. He had gone into a coma and they watched him for 48 hours his vitals and tests indicating slow death so they used his living will and the best guess from the doctor to agree to shut the machines off and let nature take it's course. Tests indicated he probably would not come out of the coma. So no provision was made for a doctor to be standing by and guess what? They shut off the machine and a few minutes later he woke up alert and terrified, not knowing what is happening only knowing he was dying and everyone was there an nobody was doing anything to help him. This went on for almost one whole hour before he finally slipped back into a coma and died about 4 hours later. No provision to sedate him if that happened so legally they claimed they could do nothing. They could not get a hold of his doctor and his DNR orders signed prevented the hospital from doing anything despite what happened. Surely not enough time for a court order, just an hour of horror that did not need to happen. I am sure that it was awful for that staff that was on duty then but then forgotten. It should never happen again but it will because there is no automatic feedback loop on this in the system. I know I tried following through with my Mom and Dad.

Almost everyone in that family has had major problems that required therapy. That also cost a lot of money and possibly affected some members own health. There has to be a better way. We have to better.

The American negativity, selfishness, rigidity and lack of logic has to stop. Information about choices has to be available quickly and understandably for upset family members.

If I were a member of a Church like my daughter-in-laws I would start this as a "mission" and hopefully it will become mainstream have things better for everyone.

I want to shout them down, vote them out, send their hackable electronic voting machines and their non-thinking think tanks to the dump. I want government control of the media only to maintain free speech and balance as it was. Money and corporations need to be regulated, not 99%. I want separation of Church and State again and above all tolerance and humanity.

Tansy_Gold

(17,860 posts)
2. After seven years
Thu Sep 13, 2012, 11:06 PM
Sep 2012

I'm still not over the anger at all the crap that attended my husband's terminal cancer treatment. Imagine arriving at the hospital three days after he had a 12-hour spinal surgery and being greeted by bouncy cheery little nurse who says, "Oh, I see they're kicking you out today!" Except no one told us, and we had half a day to find a nursing home. I could go on and on and on. But all I can do right now is .

 

Ghost Dog

(16,881 posts)
10. .
Fri Sep 14, 2012, 09:27 AM
Sep 2012


Fortunately, I was able to be more hands-on in my mother's case.

And in the case of my ex-lifepartner, seems she's decided that's not my problem anymore (nor was I ever really going to be her's).

Cough, cough, think! smoke. Linda.

Tansy_Gold

(17,860 posts)
15. The ironic thing is
Fri Sep 14, 2012, 10:07 AM
Sep 2012

I was just talking about this issue with a couple guys in the local coffee shop yesterday morning. One of 'em I know is pretty far left, the other one I'd never seen before. But I kinda butted into their conversation, and as we were the only patrons at the time, we gave free rein to our comments.

Much of the conversation had to do with "socialized medicine" and how utterly impossible it is to explain this to those on the far right. And all three of us had experiences with the horrors of the wonderful UNSOCIALIZED U.S. healthcare (that's a misnomer) system.

But here's another example of how bad that system really is and part of why it costs so fucking much -- we did finally find a nursing home for my husband and the horrors of that beggar belief. He was in and out of there for about four of the last six weeks of his life. On the day I checked him out of the nursing home and into the hospital again, I received a phone call from the office asking me I would come down to sign some paperwork. Understand that I did not receive this phone call until after he had already been removed from the nursing home where he had been living and receiving care for almost a month. The paperwork, they explained, was for the insurance. No paperwork had ever been completed. No bills could be sent. No authorization had ever been given. In four fucking weeks not one person had ever walked through those pleasant halls from the front office to the back rooms to visit with us, to orient us to what the facility had to offer, nothing. They didn't even get anyone's signature or copies of insurance cards. All the meals, all the medications, all the physical therapy and transport and everything else -- the insurance company never paid a penny.

BECAUSE THE SYSTEM IS COMPLETELY FUCKED UP.

DemReadingDU

(16,000 posts)
16. Healthcare, sickcare, is all a bad nightmare
Fri Sep 14, 2012, 11:19 AM
Sep 2012

And so few ever have much good to say about it. Families go bankrupt because of this horribly screwed up system.


DemReadingDU

(16,000 posts)
17. When my mom was sick 10 years ago, she did not have living will
Fri Sep 14, 2012, 11:35 AM
Sep 2012

She had several rounds of chemo during the previous decade of her life, so we didn't think the current round would be any different. However, the doctor came to us said this was very strong chemo and proceeded to lay out the various failures that could occur. And if something failed he wanted to know what the family wanted to do...basically resuscitate or to keep her comfortable with pain medicines until she passed away. There were five of us siblings discussing the options and we decided as a group to keep our mom comfortable and not do any heroic measures. Thankfully, our mom came thru the chemo just fine and we didn't have to deal with all that. But I've always wondered if there were complications and there was a different doctor in a different hospital, what could have happened differently because mom didn't have a living will.

edit
I live in a different state, so I really don't know what the rest of the family had to go thru with all the billing issues.

 

jtuck004

(15,882 posts)
3. I am not sure you could pay me enough to say what Ezra Klein said with a straight face
Fri Sep 14, 2012, 12:47 AM
Sep 2012

to, roughly, 30 million unemployed and underemployed Americans, 46 million in poverty, millions upon millions of working poor, and those whose homes are in foreclosure or in trouble, people who can't afford health care. Because all those things flow from the lack of decent jobs.

Roughly -

"The unemployed just got the best news in a long time from Ben Bernanke" who, he said, resembles a college professor

(is that supposed to give the Bernanke more credibility?)

when he announced that they were going to spend taxpayer money for the following:

*FED TO KEEP POLICY STIMULATIVE FOR CONSIDERABLE TIME'
*FED WILL ADD TO PURCHASES IF LABOR MARKET DOESN'T IMPROVE
*FED DOES NOT SAY WHEN MBS PURCHASE PROGRAM TO END
*FED TO BUY $40B MBS MONTHLY, CONTINUE OPERATION TWIST'
*FED TO BUY MBS, EXTENDS ZERO-RATE POLICY INTO 2015

This, he says, is great news, because this will cause business to hire.

Do you think Ezra gets thank you notes from Mi$$ Rmoney and his "Friends of Mi$$ Because We Are Rich" club?

Because every single penny of this goes to inflate the assets of really rich people. That's what QE1 did, and some coffee servers got hired while we lost mid-wage jobs. QE2 came along, we hired people in the hotel-motel industry and home health care aides, and got rid of more mid-wage jobs. And all this time low-wage job hiring became the norm, poverty increased, the number of working poor increased,

Is that what he means by hiring?

No longer QE, now they call it a Large Scale Asset Purchase. Do YOU own any large scale assets, say along the line of hundreds of millions or perhaps a block of mortgage-backed securities with a face value of $1 billion? Or have a million, or two hundred million invested? If you do, CONGRATULATIONS, you are most likely taken care of.

If not, are you in foreclosure? over 50? Among the near-half of graduating college students who can't find a job that will pay your student loan debt? Among the other 300 million or so Americans who aren't in that first category.

Well, this may trickle down on you.

I don't really mean to dis Ezra. I suspect he just announces for whoever pays him. But he reminds me of the newspaper owner in the South who sided with the plantation owners who thought slaves better off when the owner made a lot of money.

Do they think we are just friggin' stupid? Once, maybe. Twice, we begin to look a little slow. Now a third time?

I have heard all the excuses, but I suspect these folks are lucky the ghost of Huey Long hasn't been channeled by anyone. They will have a bus caravan of 5 million people sitting in D.C.'s face until they decide to focus on the need, not the greed.
Then again, he cared more about hungry kids than making sure the wealthy weren't losing any money...

It's time to put the money in the pockets of everyone else.

hamerfan

(1,404 posts)
4. QE3, for you and me...
Fri Sep 14, 2012, 04:26 AM
Sep 2012

NOT!
What a joke. With the government no longer publishing M3 data, we have no way of knowing just how worthless our greenbacks are anymore. How fast and for how long can they keep their printing presses running?

Roland99

(53,342 posts)
8. August Consumer Prices >>>>
Fri Sep 14, 2012, 09:05 AM
Sep 2012

* U.S. consumer prices climb 0.6% in August
* Consumer prices advance 1.7% in past 12 months
* Food prices move up 0.2% in August
* Consumer prices minus food, energy rise 0.1%
* Gas prices spike 9.0% in August to drive increase

Roland99

(53,342 posts)
9. August Retail Sales >>>>
Fri Sep 14, 2012, 09:06 AM
Sep 2012

* Retail sales jump 0.9% in August
* Retail sales minus autos up 0.8%
* Retail sales minus gas rise slower 0.3% pace
* Retail sales boosted by autos, gas
* Retail-sales gain revised down to 0.6% in July



Soooo...gas and autos make up 2/3 of that gain? That'll spread the wealth...NOT!

Roland99

(53,342 posts)
11. US August Industrial Output >>>>
Fri Sep 14, 2012, 09:28 AM
Sep 2012

U.S. AUG CAPACITY USE RATE 78.2 PCT (CONS 79.2 PCT) VS JULY 79.2 PCT (PREV 79.3 PCT)

U.S. AUG MANUFACTURING OUTPUT -0.7 PCT VS JULY +0.4 PCT, CAP USE 77.0 PCT VS JULY 77.7 PCT

U.S. AUG INDUSTRIAL OUTPUT -1.2 PCT (CONSENSUS 0.0 PCT) VS JULY +0.5 PCT (PREV +0.6 PCT); AUGUST DROP BIGGEST SINCE MARCH 2009

FED SAYS HURRICANE ISAAC CUT AUGUST INDUSTRIAL OUTPUT BY 0.3 PCT POINT


Roland99

(53,342 posts)
14. US September Consumer Sentiment >>>>
Fri Sep 14, 2012, 09:58 AM
Sep 2012

U. OF MICH US CONSUMER SENTIMENT INDEX PRELIMINARY SEPTEMBER 79.2 (CONSENSUS 74.0) VS FINAL AUGUST 74.3

U. OF MICH CONSUMER EXPECTATIONS INDEX PRELIMINARY SEPTEMBER 73.4 (CONSENSUS 65.0) VS FINAL AUGUST 65.1

U. OF MICH CURRENT CONDITIONS INDEX PRELIMINARY SEPTEMBER 88.3 (CONSENSUS 86.3) VS FINAL AUGUST 88.7

U. OF MICH CONSUMER SENTIMENT, CONSUMER EXPECTATIONS, 12-MONTH OUTLOOK ALL HIGHEST SINCE MAY



10-yr Treasuries taking a big hit off that news, so are FNMA MBSes

10yr yield pushing 1.85% right now.

Roland99

(53,342 posts)
13. Markets (QE)bullient
Fri Sep 14, 2012, 09:48 AM
Sep 2012
Dow 13,604 +65 0.48%
Nasdaq 3,178 +21 0.67%
S&P 500 1,467 +7 0.48%
GlobalDow 1,989 +35 1.78%
Gold 1,776 +4 0.22%
Oil 99.65 +1.37 1.39%
[font color="red"]U.S. 10yr 1.82 +0.09 5.47%
Euro 1.31 +0.01 0.86%
DXY Index 78.80 -0.50 0.63% [/font]


 

Demeter

(85,373 posts)
19. This will be the classic example of the old proverb
Fri Sep 14, 2012, 01:18 PM
Sep 2012

The bigger they are, the harder they fall.

It ought to be a spectacular crash.

westerebus

(2,976 posts)
24. Behind every great oligarch.
Fri Sep 14, 2012, 04:04 PM
Sep 2012

Stands an even greater oligarch-tress. Goose, Gander, sauce.

And what have they done with xchrome?

Vacationing? New stage production? Painting the bathroom? Extensions? What? No, not that what. What?

 

Demeter

(85,373 posts)
25. He posted an excellent bit of weather forecast
Fri Sep 14, 2012, 04:47 PM
Sep 2012

X is around. It may be the subject is getting him down. God knows, it does nothing for MY digestion!

Roland99

(53,342 posts)
23. Egan Jones Downgrades US From AA To AA-
Fri Sep 14, 2012, 03:56 PM
Sep 2012
From Egan Jones, who downgraded the US for the first time ever last July, two weeks ahead of S&P:

FSynopsis: UNITED STATES (GOVT OF) EJR Sen Rating(Curr/Prj) AA-/ N/A Rating Analysis - 9/14/12 EJR CP Rating: A1+ Debt: $15.2B EJR's 1 yr. Default Probability: 1.2%

Up, up, and away - the FED's QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities). The increased cost of commodities will pressure profitability of businesses, and increase the costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the US.

Some market observers contend that a country issuing debt in its own currency can never default since it can simply print additional currency. However, per Reinhart & Rogoff's " This Time Is Different: Eight Centuries of Financial Folly " , p.111, 70 out of 320 defaults since 1800 have been on domestic (i.e., local currency) public debt. Note, US funding costs are likely to slowly rise as the global economy recovers or the FED scales back its Treas. purchases (75% recently).

From 2006 to present, the US's debt to GDP rose from 66% to 104% and will probably rise to 110% a year from today under current circumstances; the annual budget deficit is 8%. In comparison, Spain has a debt to GDP of 68.5% and an annual budget deficit of 8.5%. We are therefore downgrading the US country rating from "AA" to "AA-".


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