STOCK MARKET WATCH -- Monday, 3 August 2015

[Tansy_Gold]

[font size=3]STOCK MARKET WATCH, Monday, 3 August 2015[font color=black][/font]

SMW for 31 July 2015

AT THE CLOSING BELL ON 31 July 2015
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Dow Jones 17,689.86 -56.12 (-0.32%)
S&P 500 2,103.84 -4.79 (-0.23%)
Nasdaq 5,128.28 -0.50 (-0.01%)


[font color=green]10 Year 2.18% -0.03 (-1.36%)
30 Year 2.91% -0.01 (-0.34%) [font color=black]


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[font size=2]Market Conditions During Trading Hours[/font]
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(click on link for latest updates)
Market Updates
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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.
02/14/13 Gilbert Lopez, former chief accounting officer of Stanford Financial Group, and former controller Mark Kuhrt sentenced to 20 yrs in prison for their roles in Allen Sanford's $7.2 billion Ponzi scheme.
03/29/13 Michael Sternberg, portfolio mgr at SAC Capital, arrested in NYC, charged with conspiracy and securities fraud. Pled not guilty and freed on $3m bail.
04/04/13 Matthew Marshall Taylor,fmr Goldman Sachs trader arrested, charged by CFTC w/defrauding his employer on $8BN futures bet "by intentionally concealing the true huge size, as well as the risk and potential profits or losses associated."
04/04/13 Matthew Taylor admits guilt, makes plea bargain. Sentencing set for 26 June; faces up to 20 years in prison but will likely only see 3-4 years. Says, "I am truly sorry."
04/11/13 Ex-KPMG LLP partner Scott London charged by federal prosecutors w/passing inside tips to a friend in exchange for cash, jewelry, and concert tickets; expected to plead guilty in May.
08/01/13 Fabrice Tourré convicted on six counts of security fraud, including "aiding and abetting" his former employer, Goldman Sachs
08/14/13 Javier Martin-Artajo and Julien Grout charged with wire fraud, falsifying records, and conspiracy in connection with JP Morgan's "London Whale" trade.
08/19/13 Phillip A. Falcone, manager of hedge fund Harbinger Capital Partners, agrees to admit to "wrongdoing" in market manipulation. Will banned from securities industry for 5 years and pay $18MM in disgorgement and fines.
09/16/13 Javier Martin-Artajo and Julien Grout officially indicted on charges associated with "London Whale" trade.
02/06/14 Matthew Martoma convicted of insider trading while at hedge fund SAC (Stephen A. Cohen) Capital Advisors. Expected sentence 7-10 years.
03/24/14 Annette Bongiorno, Bernard Madoff's secretary; Daniel Bonventre, director of operations for investments; JoAnn Crupi, an account manager; and Jerome O'Hara and George Perez, both computer programmers convicted of conspiracy to defraud clients, securities fraud, and falsifying the books and records.
05/19/14 Credit Suisse, which has an investment bank branch in NYC, agrees to plead guilty and pay appx. $2.6 billion penalties for helping wealthy Americans hide wealth and avoid taxes.
09/08/14 Matthew Martoma, convicted SAC trader, sentenced to 9 years in prison plus forfeiture of $9.3 million, including home and bank accounts







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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. Dear friends

Monday I am on a field trip with the Kid--touring Greenfield Village, Henry Ford's theme park (predates Disney and has REAL stuff in it, like ironmongers, 19th century artisans, etc. Alexander Graham Bell's lab, and Edison's, a real geek place. Ford's old family home, stuff like that. ) After a short rest, it's off to the last singalong of the summer--Carmina Burana! I could sing that in my sleep!

Tuesday we are having a city primary, for which I will be doing my poll inspector gig from 6 AM to whenever (at least 9 PM if nothing goes wrong).

As a result, I'll be back at my post here (pun) on Wednesday. You'll have to carry on without me. Meanwhile, I have to get some sleep. Setting out early to go back to the future....While Saturday was a lovely day, Sunday stank, and Monday won't be any better, I fear...the forecast for Monday is a high of 80F: better than Sunday's 90F, but they've been wrong before. Here's hoping they know whereof they speak...

[DemReadingDU]

3. Edison's Last Breath

We toured there perhaps 30 years ago. Very interesting collection. I still remember seeing Edison's Last Breath, in a test-tube
https://www.thehenryford.org/exhibits/pic/2004/july.asp


Also, the original Wright Brothers Bicycle Shop was dismantled from Dayton, and moved there.
https://www.thehenryford.org/exhibits/pic/2012/12_june.asp

[Demeter]

7. Greenfield Village has been all citified!

The dirt roads are now paved and edged with sidewalks and street lamps. Everything is rebuilt or renovated...and air conditioned!

The artisans are mostly gone...just recordings, or docents who talk but don't show you anything.

The horseshoe nail rings are gone, the smithy is gone, it's like Disney without the magic.

It doesn't look like it did 50 years ago. It looks dead or fake. I was disappointed.

It really used to feel like a piece of 1919 Americana. Now it feels like a well-preserved New England town, only with money...

Oh, well. At least the weather was good!

And the Carmina Burana was great!

[DemReadingDU]

9. Carillon Park in Dayton is citified now too

It used to be a small walk-around park with historic Dayton artifacts, such as the original Wright Brothers 1905 Wright Flyer III, with real people describing the inventions.

Some of the exhibits now have some kind of electronic computer gizmo describing the inventions. I suppose to keep the techie generation happy


http://www.daytonhistory.org/

[Fuddnik]

2. Anybody got any good alligator recipes?

If this rain doesn't stop soon, they'll be swimming up to the front door. They're already swimming down the street in a neighborhood about a mile from here.

Our pool overflowed this morning. The bayous in Tarpon Springs are out of their banks. And more rain on the way.

[DemReadingDU]

4. Yikes!

We were awakened at 4:30, not by the storm, but the dog in a panic from the lightening and loud thunder.

[Demeter]

8. Tastes like chicken (or so I'm told)

We need more of your rain up here....the little bit Sunday night was good, but it's been a long hot summer for July.

[MattSh]

5. S&P Dares To Go There: Downgrades European Union To Negative Outlook | Zero Hedge

Just a few short years after they dared to downgrade the US, S&P has unleashed their worst on Europe:

*EUROPEAN UNION OUTLOOK REVISED TO NEGATIVE FROM STABLE BY S&P
*S&P: EU TO AA+/NEGATIVE FROM AA+/STABLE - FOREIGN CURRENCY LT

We are sure this will be met by S&P office raids throughout Europe, litigation over somethhing or other, and denials broadly from any and every unelected member of EU's elite... because "when it's serious you have to lie."

As Bloomberg reports,

Outlook revision reflects S&’s expectation that the EU will provide first-loss guarantee support for financing connected to the Juncker Plan and further downward pressure on the average weighted rating on net budgetary contributors to the EU.

S&P also cites the EU’s repeated use of its balance sheet to provide higher-risk financing to EU member states (most recently including Greece), without the member states’ paying in capital

S&P sees greater than one-in-three likelihood of a rating change on the EU during the next two years EU’s AA+ rating affirmed.

Complete story at - http://www.zerohedge.com/news/2015-08-03/sp-dares-go-there-downgrades-european-union-negative-outlook

[MattSh]

6. “I have come here to chew bubblegum and kick ass. And I’m all out of bubblegum.”

‘They Live’ may not be John Carpenter’s best film. But over time it became a cult classic, in no small part due to a robust central performance by Roddy Piper, better known as a WWF wrestler.

The plot has Roddy Piper as a drifter who comes across some special sunglasses.

When worn, these sunglasses reveal the world for what it really is. Dollar bills seen through the sunglasses, for example, carry messages like ‘This is your god’.

In the movie, society is split between an ever-widening underclass and a narrow, controlling elite (who just happen to be aliens in disguise).

And the most memorable line from the movie is Piper’s “I have come here to chew bubblegum and kick ass. And I’m all out of bubblegum.”

No, ‘They Live’ did not win any Academy Awards.

The Chicago Tribune’s verdict is probably fair: “the looniest movie of the season and also one of the most engaging”.

But seen from the perspective of the financial markets in summer 2015, ‘They Live’ looks less like dystopian science fiction and more like a state-of-the-art documentary on current western capitalism.

Complete story at - http://www.sovereignman.com/investing/i-have-come-here-to-chew-bubblegum-and-kick-ass-and-im-all-out-of-bubblegum-17318/

Dang! I might just have to see this one now!