What is really going on with the economy

[sealybobo]

Today's trading:


Symbol Company Last Chng. % Chng. Volume $ Traded

WB Wachovia Corp 3.50 +1.66 +90.22% 422,917,923 1,480,212,731

NCC National City Corporation 1.75 +0.39 +28.68% 211,522,596 370,164,543

C Citigroup, Inc 20.51 +2.76 +15.55% 111,817,123 2,293,369,193

AIG American International Group, Inc 3.33 +0.83 +33.20% 108,892,406 362,611,712

IWM iShares:Russ 2000 Idx 68.00 +2.95 +4.53% 105,935,035 7,203,582,380

BAC Bank Of America Corporation 35.00 +4.75 +15.70% 78,227,961 2,737,978,635

EEM iShares:MSCI Emerg Mkt 34.17 +2.56 +8.10% 77,621,861 2,652,338,990
FNM Fannie Mae 1.53 +0.04 +2.68% 76,991,905 117,797,615

GE General Electric Company 25.50 +2.40 +10.39% 75,446,566 1,923,887,433

SOV Sovereign Bancorp Inc 3.95 +1.62 +69.53% 72,810,958 287,603,284

JPM JPMorgan Chase & Co 46.70 +5.70 +13.90% 66,392,721 3,100,540,071

PFE Pfizer Inc 18.44 +0.79 +4.48% 65,002,228 1,198,641,084

FRE Freddie Mac 1.71 -0.09 -5.00% 59,933,667 102,486,571

WFC Wells Fargo & Company 37.53 +4.28 +12.87% 46,465,071 1,743,834,115

T AT&T Inc 27.92 +0.17 +0.61% 45,694,255 1,275,783,600

S Sprint Nextel Corporation 6.10 0 0.00% 42,737,059 260,696,060

RIO Companhia Vale Do Rio Doce 19.15 +2.45 +14.67% 40,527,282 776,097,450

XOM Exxon Mobil Corp 77.66 +4.02 +5.46% 40,450,034 3,141,349,640

F Ford Motor Company 5.20 +1.03 +24.70% 40,155,719 208,809,739

MS Morgan Stanley 23.00 +2.01 +9.58% 38,038,111 874,876,553

FXI iShares:FTSE/Xinhua 34.47 +3.59 +11.63% 36,167,400 1,246,690,278

EWJ iShares:Japan 10.66 +0.42 +4.10% 34,835,632 371,347,837

TWX Time Warner Inc 13.11 +0.21 +1.63% 34,609,129 453,725,681

MER Merrill Lynch & Co., Inc 25.30 +3.30 +15.00% 31,386,191 794,070,632

EFA iShares:MSCI EAFE Idx 56.30 +3.22 +6.07% 29,246,863 1,646,598,387


MarketWatch - Market Screener - Mutual Fund Screener - ETF Screener

I'm not that smart. What does all that tell me?

 

[Valerie]

I'm not that smart. What does all that tell me?

I edited the last number to the right with a $ dollar sign to make it more clear.

That number with the dollar sign is the amount of money that traded hands in each of those stocks on the market TODAY.

Those listed were the most active on the New York Stock Exchange today.

The market ended up today because a lot of people bought shares. (Buy LOW) It is a good sign that the market can solidify itself after yesterday's tumble.

 

[Valerie]

I edited the last number to the right with a $ dollar sign to make it more clear.

That number with the dollar sign is the amount of money that traded hands in each of those stocks on the market TODAY.

Those listed were the most active on the New York Stock Exchange today.

The market ended up today because a lot of people bought shares. (Buy LOW) It is a good sign that the market can solidify itself after yesterday's tumble.

Notice they're mostly all banks and financial firms.

 

[AllieBaba]

I want to make sure you read this too. What does this story from MSN money tell you?

Members of Congress shocked the world today by voting down legislation aimed at resolving the U.S. credit crisis, evidently determining that it was far from the comprehensive rescue plan that its promoters claimed and instead was just a handout to fatcats. Investors responded by throwing a fit, punching the Dow Jones Industrials Average down 778 points.

Who are it's promoters? Why is Bush rushing garbage by us and scaring us into signing it? Where did the $700 billion figure come from?

See, what they do is scare the fuck out of us and then we are easily fooled into buying into any plan they show us. Not this time, thank god. Enough of you have woken up. Not you though.

Nobody can figure out Bush. And he's impossible, because he refuses to speak about things, thinking it's demeaning to the office to be partisan, and likewise to have to lower himself to haggling. It's his #1 failing as a president.

I know he and his advisors have been trying to regulate FM & FM for years. I know they have predicted just this event. Now that it has happened, he won't say "I TOLD YOU SO" and won't lay blame...and so he chooses to support the bail out, for whatever reason. We don't know. We may never know.

McCain was absolutely against it before...he stood almost entirely alone when he protested the FIRST bailout.

"Of major political figures, only Senator McCain stood alone, not only saying that "Americans should be outraged at the latest sweetheart deal in Washington,” but calling to eliminate these companies' special status. McCain not only called for the two companies to end their multimillion dollar lobbying campaigns, but, more importantly, legislation "making them [Fannie and Freddie] go away.""

FOXNews.com - Why Give Taxpayers' Money to Freddie Mac and Fannie Mae's Shareholders? - Opinion

 

[KittenKoder]

Notice they're mostly all banks and financial firms.

Well, as a population, we have put all our money into them. Anything you have in a savings account is used to trade stocks when they need it, that's one major reason they pay you interest on it. A savings account is like a loan the bank takes from you, in return they pay you interest.

 

[Valerie]

Today's trading:


Symbol Company Last Chng. % Chng. Volume $ Traded

WB Wachovia Corp 3.50 +1.66 +90.22% 422,917,923 $1,480,212,731

NCC National City Corporation 1.75 +0.39 +28.68% 211,522,596 $370,164,543

C Citigroup, Inc 20.51 +2.76 +15.55% 111,817,123 $2,293,369,193

AIG American International Group, Inc 3.33 +0.83 +33.20% 108,892,406 $362,611,712

IWM iShares:Russ 2000 Idx 68.00 +2.95 +4.53% 105,935,035 $7,203,582,380

BAC Bank Of America Corporation 35.00 +4.75 +15.70% 78,227,961 $2,737,978,635

EEM iShares:MSCI Emerg Mkt 34.17 +2.56 +8.10% 77,621,861 $2,652,338,990

FNM Fannie Mae 1.53 +0.04 +2.68% 76,991,905 $117,797,615

GE General Electric Company 25.50 +2.40 +10.39% 75,446,566 $1,923,887,433

SOV Sovereign Bancorp Inc 3.95 +1.62 +69.53% 72,810,958 $287,603,284

JPM JPMorgan Chase & Co 46.70 +5.70 +13.90% 66,392,721 $3,100,540,071

PFE Pfizer Inc 18.44 +0.79 +4.48% 65,002,228 $1,198,641,084

FRE Freddie Mac 1.71 -0.09 -5.00% 59,933,667 $102,486,571

WFC Wells Fargo & Company 37.53 +4.28 +12.87% 46,465,071 $1,743,834,115

T AT&T Inc 27.92 +0.17 +0.61% 45,694,255 $1,275,783,600

S Sprint Nextel Corporation 6.10 0 0.00% 42,737,059 $260,696,060

RIO Companhia Vale Do Rio Doce 19.15 +2.45 +14.67% 40,527,282 $776,097,450

XOM Exxon Mobil Corp 77.66 +4.02 +5.46% 40,450,034 $3,141,349,640

F Ford Motor Company 5.20 +1.03 +24.70% 40,155,719 $208,809,739

MS Morgan Stanley 23.00 +2.01 +9.58% 38,038,111 $874,876,553

FXI iShares:FTSE/Xinhua 34.47 +3.59 +11.63% 36,167,400 $1,246,690,278

EWJ iShares:Japan 10.66 +0.42 +4.10% 34,835,632 $371,347,837

TWX Time Warner Inc 13.11 +0.21 +1.63% 34,609,129 $453,725,681

MER Merrill Lynch & Co., Inc 25.30 +3.30 +15.00% 31,386,191 $794,070,632

EFA iShares:MSCI EAFE Idx 56.30 +3.22 +6.07% 29,246,863 $1,646,598,387


MarketWatch - Market Screener - Mutual Fund Screener - ETF Screener

September 30, 2008, 12:03 pm
Spot the Odd Ones Out

MarketBeat : Spot the Odd Ones Out

September 30, 2008, 12:03 pm
Spot the Odd Ones Out
Rob Curran reports:

Some of these companies are doing their own things, some of these companies just don’t belong (on the financial-stock short list).

The number of stocks protected under the Securities and Exchange Commission’s financial-stock short-sale ban is now about 975, with the New York Stock Exchange’s recent additions including jeweler Zale, car-dealer AutoNation, car-rental firm Avis Budget Group and moving-truck renter Ryder. They join a motley crew that already includes such notable “financials” as International Business Machines, Medco Health, General Motors and Ford Motor.

The rule, issued to help stabilize shares of banks, lenders and brokerages, now encompasses a range of other businesses with sometimes tenuous links to finance. For fiscal year 2008, the “All Other” part of Zale’s business, which includes its insurance unit, accounted for less than 1% of its overall revenue.

Last weekend, the SEC furnished exchanges with a set of criteria for additions to the original list of 799 companies, namely that a company is or owns a bank, savings association, insurance company, or various other entities. With that, the SEC passed along the responsibility for additions to the exchanges. The Nasdaq selected 66 companies at its discretion; the NYSE called for applications from eligible companies.

The NYSE and the Nasdaq, for their part, insist that all companies added to the list fit the “strict” criteria.

MarketBeat : Spot the Odd Ones Out

 

[sealybobo]

For the record I am not for the bailout, not in it's current form anyway. I'm just not a conspiracy theorist. Best to know someones actual position before you lump them into someone elses.

I'm not for the bailout unless it

Actually fixes the problems
Stops giving CEO golden parachutes
Doesn't make Paulson above the law and holds him accountable
Does not allow Bush to appoint ANYONE to fix this problem, because we see how his appointees work out
Puts real regulations back on runaway financial corporations, and takes an ownership stake in exchange for any taxpayer support
Providing mortgage relief so ordinary Americans stop losing their homes

 

[Andrew2382]

I am for the bailout only if Barney Frank goes to prison

 

[sealybobo]

Nobody can figure out Bush. And he's impossible, because he refuses to speak about things, thinking it's demeaning to the office to be partisan, and likewise to have to lower himself to haggling. It's his #1 failing as a president.

I know he and his advisors have been trying to regulate FM & FM for years. I know they have predicted just this event. Now that it has happened, he won't say "I TOLD YOU SO" and won't lay blame...and so he chooses to support the bail out, for whatever reason. We don't know. We may never know.

McCain was absolutely against it before...he stood almost entirely alone when he protested the FIRST bailout.

"Of major political figures, only Senator McCain stood alone, not only saying that "Americans should be outraged at the latest sweetheart deal in Washington,” but calling to eliminate these companies' special status. McCain not only called for the two companies to end their multimillion dollar lobbying campaigns, but, more importantly, legislation "making them [Fannie and Freddie] go away.""

FOXNews.com - Why Give Taxpayers' Money to Freddie Mac and Fannie Mae's Shareholders? - Opinion

McCain said with his leadership, he got enough votes to make the bill pass on Monday. The Democrats were also told enough Republicans were going to sign it too. That means the Democrats were lied to. I don't know if the House lied to McCain as well or together they tried to make the Democrats look dumb, but it bit McCain in the ass, because now it looks like he isn't really a leader.

 

[Andrew2382]

what the hell are you talking about? Are you forgetting to mention that 96 democrats also voted no? Do you realize if the dems wanted to pass this they could have by themselves without one republican vote. Do you know that 8 democrats changed their vote last second when they realzied it wasn't going to pass so they can say "I DIDN'T VOTE FOR THAT PIECE OF SHIT BILL".

 

[sealybobo]

what the hell are you talking about? Are you forgetting to mention that 96 democrats also voted no? Do you realize if the dems wanted to pass this they could have by themselves without one republican vote. Do you know that 8 democrats changed their vote last second when they realzied it wasn't going to pass so they can say "I DIDN'T VOTE FOR THAT PIECE OF SHIT BILL".

No, they can not pass anything without 1 Republican vote. They don't have that much of a majority.

Yes, 33% of the Dems voted no and 66% of the GOP voted no. Yes, I am aware. I didn't know that 8 dems changed their minds. I'm glad, because that bill needs work. I'm actually pissed that 66% of them signed it.

It is not something Bush should be able to run by us, not with is record of rushing us into bad bills. Katrina, FISA, Iraq, Patriot Act, etc.

And yes, I'm sure you would have LOVED the dems to pass this by themselves and have Bush and the Democrats take all the blame, seeing as how Bush isn't running for re election.

Yes, I know the games you republicans play. You got outplayed, outwitted and out manuvered.

 

[Andrew2382]

facepalm


that whole bill is pretty much everything republicans are against. Government intervention and what not. If the same amount of repubs voted yes as dems did it would have passed! If you are happy it didn't pass you should be thanking the GOP!!!!

 

[sealybobo]

facepalm


that whole bill is pretty much everything republicans are against. Government intervention and what not. If the same amount of repubs voted yes as dems did it would have passed! If you are happy it didn't pass you should be thanking the GOP!!!!

Yes, and you should be even more committed than ever to further de-regulating the industry, even more corporate tax breaks as well as making the tax break to the top 1% permenant.

I just heard this market mess could be solved just by re-regulating the industry so these things can't happen again. It is specific de-regulations that caused it. So put those regulations back.

Now the Government/banks/mortgage companies need to verify a persons income before giving them a loan.

And the banks have to keep more money on reserve for this such occurance.

 

[Andrew2382]

oo you mean regualte like the Bush Administration wanted too. How they recommended it 17 times in the past 8 years only to get shot down by fucks like Barney Frank.

I mean Bush even mentioned reform of Fannie and Freddy in the 08 State of the Union address, only to fall on deaf ears.

Let's not forget that the Bush admin in 03 I believe wanted to do the most major overhaul to the housing sector in our history.

Unfortunately we got comments from people like Barney Frank

"Fannie Mae and Freddie Mac are not in any financial crisis, the more the republicans exaggerate this the tougher it is for these companies to give AFFORDABLE housing to people"

By affordable he means giving houses to people that can't afford them and letting the dems use fannie and freddy as their own personal piggy bank

 

[sealybobo]

oo you mean regualte like the Bush Administration wanted too. How they recommended it 17 times in the past 8 years only to get shot down by fucks like Barney Frank.

I mean Bush even mentioned reform of Fannie and Freddy in the 08 State of the Union address, only to fall on deaf ears.

Let's not forget that the Bush admin in 03 I believe wanted to do the most major overhaul to the housing sector in our history.

Unfortunately we got comments from people like Barney Frank

"Fannie Mae and Freddie Mac are not in any financial crisis, the more the republicans exaggerate this the tougher it is for these companies to give AFFORDABLE housing to people"

By affordable he means giving houses to people that can't afford them and letting the dems use fannie and freddy as their own personal piggy bank

You are just wrong on every level.

Here is a great example of how Bush's proposal would have fixed the problem.

Can wild CEO pay be tamed? Probably not - Economy in Turmoil - MSNBC.com

I'm going to start a new topic on this. It shows that sometimes when politicians try for reform, the bills they pass actually create more of a mess

Can wild CEO pay be tamed? Probably not - Economy in Turmoil - MSNBC.com

This is about dealing with excessive CEO pay, which in this article you will learn helped contribute to this mess.

You are just wrong. WRONG WRONG WRONG. But because Bush covered his ass by trying to push bad bills by the Democrats, you'll ignore everything else he did that helped create this mess.

And where were the Republicans screaming that this was going on? No, they were saying the economy was fine and the nation is a bunch of whiners.

And they CLEARLY were pushing for regulations, not de-regulations. Can you show me what the Democrats have to say about these bills? I bet you haven't looked that deep.

 

[Andrew2382]

omg!

Do you really think excessive pay to ceo's are behind all of this?

You are fucking clueless, the root of all this comes from fannie and freddy, these banks are failing because of these garbage mortgage backed securities they sold off.

All ofthis stems from the community reinvestment act. ALL OF IT, not excessive ceo pay.

Holy Hell

 

[sealybobo]

omg!

Do you really think excessive pay to ceo's are behind all of this?

You are fucking clueless, the root of all this comes from fannie and freddy, these banks are failing because of these garbage mortgage backed securities they sold off.

All ofthis stems from the community reinvestment act. ALL OF IT, not excessive ceo pay.

Holy Hell

Proof you didn't read the article. It talked about how CEO's would LIE to inflate the stock because they were given stock options instead of pay.

It says a lot more than that, but you won't get it anyways so just run along youngin.

 

[Andrew2382]

you're right i didn't read it.

I stopped here

"This is about dealing with excessive CEO pay"

 

[sealybobo]

you're right i didn't read it.

I stopped here

"This is about dealing with excessive CEO pay"

So all this was caused by one thing and one thing only in your mind? Ok, whatever.

This is what Bill Maher meant by voters are like dogs. You can't explain complex situations to voters. You can only teach them commands.

Patriotism, surge, deregulations, liberals, taxes, guns.

You can learn commands but you can not comprehend complexity. So SIT! And STAY quiet. Good dog.

 

[xsited1]

Canadian journalist Naomi Klein should read this:

Ireland's Sin of Success: The EU's Assault on Ireland's Low Tax Policies

Oh, the horror!