Daily Archives: October 23, 2008

S&P Oct 23, 2008 14:50 cst – TradersAudio.com

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Locals stuck short, they buy into the Cash close.

Ben Lichtenstein has appeared on CNBC and Bloomberg TV, has shared his expertise on Bloomberg radio, and has been published in numerous periodicals including Futures magazine and Stocks & Commodities. He is a member of the Chicago Mercantile Exchange with over 15 years of experience working on the trading floor.

TELEPHONE:
please call before 10:15 cst 312-715-6014
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TradersAudio.com broadcasts LIVE, via the internet, from the Chicago Mercantile Exchange S&P 500 Futures trading floor 8:30am – 15:15pm cst and the Chicago Board of Trade Treasury trading floor 7:20 – 14:00 cst – Monday through Friday, for holiday schedule click here http://www.cmegroup.com/tools-information/holiday-calendar/index.html

TradersAudio.com subscribers are individual stock, futures and bond traders, fund managers, stock and futures brokers, futures analysts and corporate institutions in countries around the world.

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Free DAILY Equity Futures Support and Resistance Numbers (updated by 8:00 cst) http://www.TradersAudio.com/daily/index.php?page=support-and-resistance-numbers

For glossary of terms used http://www.TradersAudio.com/daily/index.php?page=glossary-of-terms

Listen to FAQ’s (MP3 format) from TradersAudio.com subscribers http://www.TradersAudio.com/daily/index.php?page=faq

The broadcasters may call the S&P e-mini ES Globex contract, ‘minis’, ‘the mini’ or ‘the screen’. Also, they may call the S&P CME SP Pit Traded contract, ‘the big contract’ or ‘the S&P’. The broadcasters are calling the trades within a few feet of the S&P CME SP trading pit and are referring to the S&P CME SP contract.

You are hearing the broadcasters quote the current bid and offer of the S&P CME SP pit traded contract – quickly. When they say ’0 even bid at one half’, that could mean 1280.00 is the bid and 1280.50 is the offer. But could also mean, 1290.00 is the bid and 1290.50 is the offer. They are broadcasting tick for tick and must quote the figures to stay with the pit action. When the pit is packed and active they may just say, ’0 at half’ or ’20 bid at 70′. It is easy to follow along when looking at the ES chart and trades.

The prices you SEE in the video are the S&P e-mini (electronic symbol ES) Globex Dec 2008 contract. The prices you HEAR are the S&P CME (pit traded symbol SP) Pit Traded Dec 2008 contract. The two contracts trade within a tick or two of each other, during pit traded hours 8:30 – 15:15pm cst.

The pit traders are trading the SP and may trade the ES also. When they do, the broadcasters may say ‘they’re trading the mini’ or ‘they just sold/bought the mini’.

Click here for more information: http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_FO.html

The subscribers of TradersAudio.com are listening to the SP contract trading Live in Chicago while watching the ES, another futures contract or stock on their computer.

*This is not trading advice. These videos are for informational, educational and entertainment purposes only. Full product information on the S&P 500 Futures is available at the CME website http://www.cmegroup.com – We are not a brokerage firm, we do not take trading orders, do not execute trades or manage customer accounts. The Squawk Box is not trading advice and provided for informational purposes only. No claims or representations of profitability are being made herein.

Author: tradersaudio
Keywords: stock market indicator emini squawk SnP futures forex commodities charts daytrading finance money
Added: October 23, 2008

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Treasury Dept. Hides Taxpayer Contracts, CNBC – 10/23/08

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I appeared on CNBC to discuss relevations that the Bush Treasury Department is redacting sections of government-corporate contracts that detail how much taxpayer cash private firms are receiving as part of the Wall Street bailout.

You can see those documents at these three links:

http://www.ourfuture.org/blog-entry/2008104219/treasury-blacks-out-key-parts-private-bailout-contracts

http://bailoutsleuth.com/2008/10/more-bailout-contracts-contain-blacked-out-portions/

http://bailoutsleuth.com/2008/10/the-end-of-bailout-transparency-already/

Author: davidsirota
Keywords: Wall Street bailout CNBC
Added: October 23, 2008

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20081022 Roubini CNBC 2

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Discussing the financial crisis with Nouriel Roubini, of RGEMonitor.com; Jack Rivkin, former CIO of Neuberger German; and the CNBC news team

Source: http://www.cnbc.com/id/15840232?video=899492216&play=1

Author: micromacro101
Keywords: Economics
Added: October 23, 2008

Posted in Uncategorized