Economy
Related: About this forumSTOCK MARKET WATCH -- Wednesday, 13 February 2013
[font size=3]STOCK MARKET WATCH, Wednesday, 13 February 2013[font color=black][/font]
SMW for 12 February 2013
AT THE CLOSING BELL ON 12 February 2013
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Dow Jones 14,018.70 +47.46 (0.34%)
S&P 500 1,519.43 +2.42 (0.16%)
[font color=red]Nasdaq 3,186.49 -5.51 (-0.17%)
[font color=black]10 Year 1.98% 0.00 (0.00%)
[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
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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
[/center][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
(85,373 posts)SEE ALSO:
http://www.mobileread.com/forums/attachment.php?attachmentid=17853&stc=1&thumb=1&d=1226618406
I barely survived Tuesday...should be in bed long before the rituals start. Have an invitation to dinner for Valentine's Day...non-romantic, alas.
Tomorrow is forecast to be windless, or just about. Since it is a paper day, that would be a good thing.
rusty fender
(3,428 posts)Demeter
(85,373 posts)A parade of media reports this week name Penny Pritzker as Obama's prime choice for Secretary of Commerce. No longer will criminal bankers have to lobby the administration - because now they'll have one of their own in the Cabinet.
We never heard of this guy Barack Obama until 2004. Less than three years before taking the presidency, he was in the Illinois state senate, a swamp of scammers, backhanders, and party machine tools - not a stellar launch pad for the White House. And then, one day, state Sen. Barack Obama was visited by his fairy godmother. Her name is Penny Pritzker.
Penny's from Heaven?
Pritzger's net worth is listed in Forbes as $1.8 billion, which is one hell of a heavy magic wand in the world of politics. Her wand would have been heavier, and her net worth higher, except that in 2001, the federal government fined her and her family $460 million for the predatory, deceitful, racist tactics and practices of Superior, the bank-and-loan-shark operation she ran on the South Side of Chicago.
Superior was the first of the deregulated go-go banks to go bust - at the time, the costliest failure ever. US taxpayers lost nearly half a billion dollars. Superior's depositors lost millions and poor folk in Sen. Obama's South Side district lost their homes.
Penny did not like paying $460 million. No, not one bit. What she needed was someone to give her Hope and Change. She hoped someone would change the banking regulators so she could get away with this crap...MORE AT LINK
This article is based on the New York Times bestseller: Billionaires & Ballot Bandits, by Greg Palast with comics by Ted Rall. Available for a donation to Truthout.org.
DELICIOUS, SMEARING GOSSIP AND SCANDAL...MUST READ!
Fuddnik
(8,846 posts)Can't you just imagine how much worse that other guy's appointments would have been?
Hell with the kabuki performance. I'm curling up with vodka and Chris Hedges. Until the Daily Show comes on anyway.
Demeter
(85,373 posts)I had always wondered where Obama came from...now I know. A big Chicago swamp.
DemReadingDU
(16,000 posts)Hugin
(33,207 posts)I'd like to see it taken up another level or two.
westerebus
(2,976 posts)AnneD
(15,774 posts)Who let Dick Cheny into the chambers?
Hugin
(33,207 posts)The highly speculative gouging people freezing price of crude will suck the life liquidity out of this low volume rally PDQ.
I'm so tired of this movie... Can we watch something else for awhile? Maybe a musical?
Everywhere I look... Meanness and hatred.
Demeter
(85,373 posts)Good to see your name again, Hugin.
It is dreary, when it's not terrifying. I am seriously considering bugging out to Iceland. If I have to be cold and penniless, at least I can be free...although, that would make me subject to drone attack faster than staying here...the estimates are we've got a couple of months before they just start droning us on the streets of the good old USA, land of the debt slave, home of the gutless.
bread_and_roses
(6,335 posts)a quick scan of news and home page here tells me that the BIG NEWS out of last night is that he TOOK A DRINK OF WATER DURING HIS SPEECH?
WTF? SO WHAT? So he needed a drink of water? This is huge news? This disqualifies him as a Pres candidate? Talk about his bootlicking for the 1% - not that he needed a drink of water. This passes for news and analysis? Is this the 21st Century or ancient Rome? Can't be ancient Rome, come to think of it - they at least had the sense to know that the 1%ers had to give the masses bread as well as circuses. We're supposed to content ourselves with just the circus.
Demeter
(85,373 posts)Happy Valentine's Day tomorrow, everyone!
A rose for the undecided and/or eclectic
I just can't get enough roses...see link
https://www.google.com/search?q=image+roses&hl=en&client=firefox-a&hs=2C0&tbo=u&rls=org.mozilla:en-US fficial&tbm=isch&source=univ&sa=X&ei=r68bUbyhNerGygHrlIBI&ved=0CDAQsAQ&biw=1024&bih=675#imgrc=kgCOTXhmIaVEjM%3A%3BktOc-mcRS08jdM%3Bhttp%253A%252F%252Fimages5.fanpop.com%252Fimage%252Fphotos%252F29700000%252Froses-roses-29777675-350-343.jpg%3Bhttp%253A%252F%252Fwww.fanpop.com%252Fclubs%252Froses%252Fimages%252F29777675%252Ftitle%252Froses-photo%3B350%3B343
Tansy_Gold
(17,873 posts)beyond gorgeous!!!!
Demeter
(85,373 posts)bread_and_roses
(6,335 posts)I love all roses but these are my favorites - the shrub roses we have growing in our yard - they don't last, but smell divine
[IMG][/IMG]
siligut
(12,272 posts)The little fun along with the "news". People haven't changed, we don't evolve like viruses.
Some of our conventions have changed, but our rulers have kept those that work.
siligut
(12,272 posts)(Carl Quintanilla, host on CNBC commenting on Marco Rubio's awkward sip during his SOTU rebuttal last night)
Fuddnik
(8,846 posts)Temps just below 80, and thunder rolling all around us for the last hour, but no rain.
Demeter
(85,373 posts)of permanent guests....
Demeter
(85,373 posts)either before or after...
I am really sad about that. So instead, I'm getting floors which I bought 2-3 years ago put down....in this horrible weather, that means staying home to babysit the carpenters. I guess I can shop for Easter, instead....