STOCK MARKET WATCH -- Friday, 25 March 2016

[Tansy_Gold]

[font size=3]STOCK MARKET WATCH, Friday, 25 March 2016[font color=black][/font]

SMW for 24 March 2016

AT THE CLOSING BELL ON 24 March 2016
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Dow Jones 17,515.73 +13.14 (0.08%)
[font color=red]S&P 500 2,035.94 -0.77 (-0.04%)
[font color=green]Nasdaq 4,773.50 +4.64 (0.10%)


[font color=red]10 Year 1.90% +0.03 (1.60%)
30 Year 2.67% +0.04 (1.52%) [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.
12/17/15 Martin Shkreli, former CEO Turing Pharmaceuticals and notorious price gouger, arrested on securities fraud charges. Posted $5M bail, resigned as CEO.
2/25/16 Jason Keryc sentenced to 9 years in prison, 3 years supervised release and to pay back $180MM to investors he bilked in a Ponzi scheme while an acct. mgr at Agape World.



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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]

[DemReadingDU]

1. Who is Jake?

Obviously, I'm clueless.

[tclambert]

2. A character in a TV commercial.

Here's the Coneheads version of the ad:

[DemReadingDU]

3. from 1993!

I must be living under a rock



edit:

Oh!
Alabama Gov. Robert Bentley sex scandal

lol!!

[Tansy_Gold]

4. I got tired

of Dtrumpf, Raphael, and violence. A good sex scandal involving a family values puke seemed like a nice change.

[Hotler]

12. More republican family values. Bless their hearts for keep up apperances.

I saw the guy on his new conference and he seems kind of creepy.

[Hugin]

6. Didn't ring any bells with me until you said that either.

[kickysnana]

5. Auntie passed peacefully Wednesday evening.

Found out I am not technically homeless today and do not have to stay in family homes until one-bedroom apartment becomes available.

Planing Memorial Services is three dimensional chess.

There is absolutely no way these days to catch a breath cause attendants notified Apartment Office of removal and the death watch was held on Facebook. Not by me. I just found out now.

Out in the cold the last two days. Unavoidable. Saturday I am turning off the phone and sleeping in.

My Economy just got a bit complicated but so many people have it so much worse.

[Hugin]

7. I'm so sorry to hear of your troubles.

I sincerely hope some light begins to shine your way.

[DemReadingDU]

13. I am so sorry about your Auntie

Life is indeed difficult and complicated. May soon better times be there for you.

[antigop]

8. HOTLER!!!!!

http://www.star-telegram.com/news/business/article68019537.html

Texas regulators on Thursday approved the Ray L. Hunt family’s high-stakes plan to purchase and reshape the state’s largest electric utility. But they added major revisions, prolonging the battle to own Oncor.

The Texas Public Utility Commission granted the Dallas oil family permission to transform the utility into a real estate investment trust, a corporate structure that would pass hundreds of millions of dollars in tax savings directly to shareholders and spur other utilities to follow suit.
...
Critics called the new corporate structure risky, partially because it’s nearly unprecedented for a utility. The highest-profile objections were over this question: Should regulators allow Oncor, as a real estate investment trust, to collect hundreds of millions of ratepayer dollars — normally earmarked for federal taxes — that the company wouldn’t actually have to pay?

Coming soon to a utility near you. The hits just keep coming.

[Hotler]

10. What the .........

Another example of the "Man". From what I comprehend the shareholders are to only ones going to benefit. I'm thinking consumers will see rate hike after rate hike. Long waits for service if the power goes out. But it's Texas and Texas is a very red state. This is the Hunt family, is this the same Hunt family where two brothers tried to corner the silver market back in the 70's? I'll have to check on that. I keep wondering how much more people are going to keep taking shitty hit after shitty hit before they take to the streets fighting mad by the hundreds of thousands. I've got to stop picking on the rich cause they're "job creators".

I have no hope. I see no future.

Thanks for sharing and staying vigilant.
Peace

[westerebus]

14. Welcome to Brazil.

[tclambert]

9. Three more bankers got sentenced:

http://www.democraticunderground.com/10141390129

James Laphen sentenced to 34 months in federal prison.
Don Langford sentenced to 21 months in federal prison.

Both were executives at TierOne Bank.

Gilbert Lundstrom, former CEO of TierOne, got 11 years! Wow.

[Hotler]

11. Two more for Tansy's list. n/t

[Tansy_Gold]

15. I almost didn't see this!!!

Will add these little gems to the list.