STOCK MARKET WATCH -- Tuesday, 24 November 2015

[Tansy_Gold]

[font size=3]STOCK MARKET WATCH, Tuesday, 24 November 2015[font color=black][/font]

SMW for 23 November 2015

AT THE CLOSING BELL ON 23 November 2015
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Dow Jones 17,792.68 -31.13 (-0.17%)
S&P 500 2,086.59 -2.58 (-0.12%)
Nasdaq 5,102.48 -2.44 (-0.05%)


[font color=green]10 Year 2.24% -0.04 (-1.75%)
30 Year 3.00% -0.02 (-0.66%) [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
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.





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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]

[Hotler]

1. Looking at that toon......

makes me ask myself, good God what has this country become?

[Fuddnik]

3. It really has been going down the shitter for some time now, hasn't it?

We've become greedy, selfish, scared, paranoid, hateful.....

Watching and listening to Trump reminds me of Hitler on the rise. I don't think even Hitler had the monstrous ego and megalomania that Trump has.

[DemReadingDU]

6. I'm sick and tired of being sick and tired

of all this Trump political rhetoric

[Punx]

7. Unbelievable to me

That someone who says and does the things he does gets so much attention. The MSM would sell us into slavery if it helps their ratings. All of these things should have disqualified him from ever running for president.

But's what really scary to me is the cheerful following from the authoritarian crowd that he gets. These people have been emboldened by him. See the beating of a black man at one of his speeches and the shooting of BLM folks, though we can't connect the latter to his followers, it's part of the general atmosphere he and the right wing media are encouraging.

[Hotler]

2. Income inequality makes rich Americans stingier, study finds

What's behind the findings? The authors say concentrating wealth in the hands of a few may lead to "the belief that one is more important and deserving than others." That sense of entitlement may make the rich less altruistic and lead them to "believe that resources rightly belong to them."

The findings are consistent with unpublished research that shows cuts to social welfare programs, such as unemployment insurance, followed increases in inequality at the state level, says Lyle Scruggs, a political scientist at the University of Connecticut. "If the people in charge are even richer, are they less likely to care about those less fortunate, and therefore be less generous, as a mindset?" he said.

http://www.msn.com/en-us/money/markets/income-inequality-makes-rich-americans-stingier-study-finds/ar-BBnmg4o?li=BBnbfcN

[Demeter]

4. Monday was a horrible day--Tues and Weds won't be much better

First there was adjusting to wearing two layers, when i used only a hoodie on Thursday...and boots! Then there's getting the Kid to dress appropriately...

And the schedule. And the traffic! Everyone's driving because walking, biking and buses are no longer alternatives.

I was so exhausted, just crashed in bed before Tansy got the thread up. And can't spend much of the pre-dawn on this because I have to split early...

Happy Tuesday somewhere!

[Fuddnik]

5. Yeah, Sunday night reminded me why I'm disabled.

Got home from work about 8, from delivering pizzas for a couple of hours. A cold front was moving through about then. By midnight, my back and shoulders were killing me, and one knee was twice it's normal size. The pain was so bad from the knee, I had tears in my eyes. I took some anti-inflammatory medicine, and was good enough to go to sleep by dawn. I was in bed by 8 last night.

When I was still living in Cleveland, it was like that most of the time from October til March. It's a Siberian 51 out there this morning. But, we'll be back in the 80's by Thurs.

[Demeter]

9. I've heard that the best way to take the anti-inflammatory stuff is BEFORE you do things

That way inflammation doesn't get to build up. So I've been taking a dose of aspirin every morning (when I remember or have time) and it does seem to be better, because I hate myself on the day I skip...

[Fuddnik]

11. This is prescription stuff.

I do take a little 82mg aspirin every morning though.

[Punx]

8. Well despite the very cold rain

I rode my bike yesterday. Good choice because there was an accident that had traffic backed up the better part of a mile on the way home and I was able to breeze on by. Still, experience tells me this is the most dangerous time of year to be biking, with it pitch black during commuting hours, the holidays, which seen to distract drivers more than normal and the usual rain here in Portland.

[Demeter]

10. Well, after the first surprise snow, the auto repair business is Booming!

I'll be getting tires Weds or Fri, depending on if they agree I need them.

[Fuddnik]

12. If they sell 'em, they'll agree you need 'em!

[Demeter]

13. After doing a double-donut down a hill, I won't argue.