Month: September 2010
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9/15/10 Midevening Report: S&P hits 5 week high even as macro data tries to hold an intervention
The market was up again today as Europe remains solvent and investors ignore macro data and instead focus on how they can become race car drivers. In economic news, production in the US slowed as automakers held back on churning out new cars due to a little something called a consumer fucking recession. Not only…
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9/14/10 Midevening Report: Bigger retail sales fail to stimulate market as market prefers motion of the ocean
The market closed down after being up most of the day as US retail sales were a bit better than guessed at by analysts thanks to bigger back to school discounts, some states offering tax-free holidays (or as they are more commonly known as: paycations), and consumers having more money after skimping on their water…
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9/13/10 Midevening Report: You can’t spell “unstable” without BASEL
The market ran up again today because Warren Buffett said the economy is fine (and as we at the award winning When Genius Prevail know, if you keep saying something, people will eventually believe you) as noted by the fact that he is back to eating four scrambled faberge eggs for breakfast with his soylent…
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9/10/10 Midevening Report: Market ends the week slightly higher as it can only afford the cheap stuff
Just a quick daily report because Money McBags spent way too much time breaking down DFZ’s Q earlier today, especially considering no one gives a fuck about the company including investors, the CEO, and probably even the CEO’s mom (though Money McBags’ analysis kills it). That said, the market was up modestly today on light…
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Small Company Update: You Down with DFZ?
DFZ recently announced their fiscal Q4 and Money McBags wanted to break it down in more detail as it’s an interesting, underfollowed little company that put up their first bad Q in a while (and Money McBags was an owner until he sold after the “flash crash” as he wanted out of illiquid names more…
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9/9/10 Midevening Report: Government massages new claims for unemployment data and gives the market a happy ending
The market was up again today as it continues to rejoice that there are only “widespread signs of deceleration” and not whatever is worse than widespread, like “doublewidespread” or “assawful.” The big macro news was that new claims for unemployment were out and they demolished analyst guesses of 470k by coming in at a petite…
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9/8/10 Midevening Report: Read My Lips: “Fuck you, rich people”
The market was up today as either it’s opposite day or we have finally reached the foretold Idiocracy since according to the Fed, the economy is showing “widespread signs of deceleration” (and that phrase is about as positive for the market as Magic Johnson being out of condoms is for one of his groupies). But…
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9/7/10 Midafternoon Report: “Banks for nothing, Europe”
The market took a breather today from its run up last week that was driven by misinterpreted news, false hope, and probably a bunch of fat fingers. Today, the big fear is that the Euro bank stress tests were not as stringent as they should have been, a fact so obvious at the time that…
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9/3/10 Midafternoon Report: Inconceivable! Money McBags does not think jobs report means what market thinks it means
Oh no you didn’t. The monthly jobs report came out today and destroyed analyst guesses of 41k private sector jobs created by coming in with a headline ~67k private sector jobs created, so break open the bubbly and call the Mrs. (or Mr. for Money McBags’ female, or vagina-challenged, readers) because with a report that…
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9/2/10 Midevening Report: Investors no longer need toilet paper as economy continues to slide along bottoms
It was a relatively quiet day in the market today as bears picked up their shorts and hoped the bad men would stop pulling their alpha after yesterday’s strong move higher left their portfolios with shrinkage. The big macro news of the day was that new claims for unemployment dropped by 6k to 472k and…