STOCK MARKET WATCH -- Tuesday, 17 November 2015

[Tansy_Gold]

[font size=3]STOCK MARKET WATCH, Tuesday, 17 November 2015[font color=black][/font]

SMW for 16 November 2015

AT THE CLOSING BELL ON 16 November 2015
[center][font color=green]
Dow Jones 17,483.01 +237.77 (1.38%)
S&P 500 2,053.19 +30.15 (1.49%)
Nasdaq 4,984.62 +56.73 (1.15%)


[font color=red]10 Year 2.28% +0.03 (1.33%)
30 Year 3.08% +0.03 (0.98%) [font color=black]


[center][/font]

[HR width=85%]

[font size=2]Market Conditions During Trading Hours[/font]
[center]
(click on link for latest updates)
Market Updates
[/center]

[font size=2]Euro, Yen, Loonie, Silver and Gold[center]

[/center]

[center]

[/center]

[HR width=95%]

[font color=black][font size=2]Handy Links - Market Data and News:[/font][/font]
[center]
Economic Calendar
Marketwatch Data
Bloomberg Economic News
Yahoo Finance
Google Finance
Bank Tracker
Credit Union Tracker
Daily Job Cuts
[/center]

[font color=black][font size=2]Handy Links - Economic Blogs:[/font][/font]
[center]
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
[/center]

[font color=black][font size=2]Handy Links - Essential Reading:[/font][/font]
[center]
Matt Taibi: Secret and Lies of the Bailout


[/center]

[font color=black][font size=2]Handy Links - Government Issues:[/font][/font]
[center]
LegitGov
Open Government
Earmark Database
USA spending.gov
[/center]

[font color=black][font size=2]Handy Links - Videos:[/font][/font]
[center]
Charlie Rose talks with Roubini
Charlie Rose talks with Krugman
William Black: This Economic Disaster
Bill Moyers with Kevin Drum and David Corn
[/center]

[div]
[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
08/03/15 Former City (London) trader Tom Hayes found guilty of rigging global Libor interest rates. Each fo eight counts carries up to 10 yr. sentence.
08/21/15 Charles Antonucci Sr, former pres. Park Ave. Bank sentenced to 2.5 years in prison for bribery, fraud, embezzlement, and attempt to steal $11MM in TARP bailout funds, as well as $37.5MM fraud on OK insurance company. To pay $54MM in restitution and give up additional $11MM.
09/21/15 Volkswagen CEO Martin Winterkorn apologizes for VW cheating on air quality standards with emission testing avoidance device. Stock drops 20%, fines may total $18B.
09/22/15 Stewart Parnell, CEO Peanut Corp. of America, sentenced to 28 years in prison for selling salmonella-tainted peanut butter that killed nine.





[HR width=95%]


[center]


[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]

[Hotler]

1. Weather channel is saying 8-12 inches of snow over night.....

oh how fun. What a nice surprise for all the California and texas transplants. Most of them think they don't need "snow tires" or have to clean their windows.

[Demeter]

2. Where are you? We don't get snow until maybe next week; no, it's back to Saturday, again

and the morning rain hasn't barely hit Chicago, yet....42% at dinner time.

As if they could produce any kind of accurate forecast for more than the next 6 hours...their computer models are junk, and have been for years.

[Hotler]

9. I'm in Englewood Colorado a suburb South of Denver. We had about...

an inch last Wednesday and it was melted and gone by Thursday. I got up around 3:00 am and looked out and I could still see the street and there was only an inch, but come 5:00am it was coming down hard.

[Demeter]

3. Buffett's Berkshire cuts crisis-era Goldman stake

OH=OH...THE VAMPIRE SQUID BEING DUMPED BY UNCLE WARREN!

http://www.reuters.com/article/2015/11/16/us-investment-funds-buffett-idUSKCN0T51G720151116?feedType=RSS&feedName=businessNews

Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Monday said it reduced its stake in Goldman Sachs Group Inc (GS.N) by 13 percent during the third quarter, paring a successful investment it made during the height of the global financial crisis.

In a U.S. Securities and Exchange Commission filing, Berkshire said it owned 10.96 million Goldman shares worth about $1.9 billion as of Sept. 30, down from 12.63 million shares worth $2.64 billion three months earlier.

Buffett told CNBC television he sold the Goldman shares and 7 percent of his stake in Wal-Mart Stores Inc (WMT.N) to help fund Berkshire's $31.7 billion takeover of aerospace parts maker Precision Castparts Corp (PCP.N), not because he soured on either company.

The billionaire has long preferred that Omaha, Nebraska-based Berkshire own whole companies rather than individual stocks. Berkshire has close to 90 operating units such as the BNSF railroad, Dairy Queen ice cream and Geico insurance...

[Demeter]

4. IT WAS A FAVOR...

...Goldman turned to Buffett for support a week after Lehman Brothers Holdings Inc went bankrupt, prompting Berkshire to buy $5 billion in preferred stock plus warrants to purchase $5 billion of shares at $115 each.

After Goldman redeemed the preferred stock, Berkshire renegotiated the warrants, and acquired a smaller number of Goldman shares in a cashless transaction...

[Demeter]

5. (Psst! I paid $1.99/gallon yesterday!)

They finally got it below $2.

[Demeter]

6. ISIL Financed by 40 Countries, Including G20 Member States - Putin

Putin said at the G20 summit that Russia has presented examples of terrorism financing by individual businessmen from 40 countries, including from member states of the G20.

"I provided examples related to our data on the financing of Islamic State units by natural persons in various countries. The financing comes from 40 countries, as we established, including some G20 members," Putin told reporters following the summit.

The fight against terrorism was a key topic at the summit, according to the Russian leader.

"This topic (the war on the terror) was crucial. Especially after the Paris tragedy, we all understand that the means of financing terrorism should be severed," the Russian president said.

Russia has also presented satellite images and aerial photos showing the true scale of the Islamic State oil trade.

Read more: http://sputniknews.com/politics/20151116/1030199114/isil-financing-g20-putin.html#ixzz3rkaBCZNA

[Demeter]

7. The US government is already lying like crazy about surveillance after the Paris attacks

http://www.theverge.com/2015/11/16/9745932/paris-attack-terrorism-surveillance-cia-brennan?ref=yfp

At a Center for Strategic & International Studies talk today, CIA director John Brennan renewed one of the government's favorite lies about spying: that mass surveillance has been successful in stopping a bunch of mysterious threats while it is simultaneously too ineffective to stop real attacks, because of privacy advocates and whistleblowers. Here's what Brennan said:

In the past several years because of a number of unauthorized disclosures and a lot of hand wringing over the government's role in the effort to try to uncover these terrorists there have been some policy and legal and other actions taken that make our ability collectively, internationally, to find these terrorists much more challenging. I do hope that this is going to be a wake up call, particularly in areas of Europe where I think there has been a misrepresentation of what the intelligence and security service is doing...

You're probably going to hear this lie furiously repeated in the coming weeks and months as security hawks in the US and Europe march toward another ground war in Asia, and renew their calls for a radically strengthened surveillance state. Glenn Greenwald at The Intercept has thoroughly documented the genesis of this lie, but here's the short version: the government can't have it both ways on security. It can't ask that companies and individuals strengthen their defenses against attacks while at the same time demanding companies like Apple and Google to sabotage their users by giving the government the means to break encryption.

"None of the NSA's capabilities have been diminished yet"

The truth is that we've only begun to reform a small part of the mass surveillance apparatus in the United States; only telephone spying has been limited so far, and the NSA still has a broad reach across most forms of electronic communications. As Marcy Wheeler pointed out earlier today in response to Brennan's remarks, the US hasn't even shut down any of the NSA's controversial programs yet! And other countries are stepping up electronic surveillance authority, so it's not clear what Brennan is talking about when he says that "policy and legal actions" have made surveillance of terrorists more challenging. Is he talking about the sweeping law France passed in July that dramatically expanded the country's surveillance powers?

The US government has not provided a credible story about the effectiveness of mass surveillance. As Greenwald notes, officials have been clamoring about the threat of encryption for more than 20 years, so the idea that terrorists aren't already aware of surveillance countermeasures is preposterous. We've also known since the 9/11 Commission submitted its report that the government's inability to foil the largest and most sophisticated terrorist attack in history was based on its failure to share and analyze information, not because it was unable to scoop up everything that happens on the internet in real-time.

Terrorism's greatest threat is its ability to provoke us into harming ourselves through fear and haste. Don't fall for lazy horror stories from people who want to destroy privacy on the internet for everyone.

[Demeter]

8. Monday ran late, and today runs early

pretty soon there will be no "me" left between them...sorry for the too few posts.

[antigop]

10. Hmmm: Clinton Foundation https://www.washinfour years of its tax returns; foreign government revenue

Don't know anything about hotair.com, but it references WaPo:

http://hotair.com/archives/2015/11/17/hmmm-clinton-foundation-amends-four-years-of-its-tax-returns/

A commitment to transparency, or a late attempt to cover tracks? The Washington Post reported last night that the Clinton Foundation had refiled its tax returns from the last four years. It leads off by claiming that the revisions are just to “more accurately account” for government-based revenue, but that “conservative critics of the foundation” would use the new filing to “raise new questions.” The Post then helpfully reminds people that the Clintons perform charitable works through their foundation, and twice reference president Donna Shalala’s insistence that this is no biggie.

The real story comes at the end of the Post’s article, emphasis mine:

According to Shalala, past returns accurately reflected the Foundation’s overall revenues and spending. Still, she said the forms had failed to properly account for the sources of the charity’s revenue, particular [sic] failing to note millions in government grants.

Shalala said “there is no change in our bottom line numbers: assets, liabilities, and net assets.” She said the decision to refile was based on the fact that the tax return “serves as a public disclosure document for our friends, supporters, partners, and the general public.”

The Foundation indicated that the amended forms also better denoted millions in income to the foundation that came as a result of speeches given to benefit the organization by Bill Clinton, as well as Chelsea Clinton.