Month: January 2011
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1/30/11 Two Day After Report: Protests in Egypt Cause Market to Take It in The Sphinxter
Holy(land) shit did the market sell off on Friday as civil (or more exactly, uncivil) unrest overran the streets of Egypt like Ben Bernanke overran the Fed’s printing presses or hepatitis C overran Pam Anderson’s liver. Protesters were apparently frustrated by government corruption, economic stagnation, a lack of political freedom, and Ehsan Hatem El-Kirdany‘s refusal…
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Small Company Update: Surely You Can’t Like CRUS. Money McBags Does Like CRUS, and Don’t Call Him Shirley.
Money McBags did a quick analysis of CRUS yesterday and today he was able to go through their transcript and he has to say, he was actually pretty fucking surprised by how positive management sounded so perhaps there is still nice upside here. Below are Money McBags’ takeaways from the call. — 1. This company…
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1/27/11 Midnight Report: S&P Touches 1300, 1300 Says it Liked it
Despite new claims for unemployment putting up the largest weekly increase since September 2005 (and you all remember September 2005, right? Alan Greenspan was still a genius, iPads were still just the truncated spelling of a sanitary napkin, and Kim Kardashian’s vagina was still underwraps (and some guy named Damon Thomas too)), despite Japan being…
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1/26/11 Midnight Report: If a Fed Statement Falls During a Rally, Does it Make a Noise?
The market continued to rally today as the Fed voted to keep QE2 going (something about the economy being shitty, so rally on), bankers at Davos figuratively whipped out their cocks (which now seem so much smaller since they no longer get to mark to market) and pontificated about how regulation is bad for their…
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1/25/11 Midnight Report: Jury Duty Keeps Money McBags From Pinching Out A Column
Yep, that’s right, Money McBags had jury duty today and as a result, there will be no fucking column as he simply didn’t have time. — As for his foray in to the justice system, they tried to seat him on a 3 day lame ass civil trial but when he calmly explained to the…
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1/24/11 Midnight Report: Market Keeps Moving Higher as Investors Now Buy the Rip
Oh shit did the market get it’s buying on today as investors once again shunned the reality of Europe’s tenuous hold on the Euro (and Ireland, as the Fianna Fail party finally fucking failed this weekend. And note to political leaders, if you’re going to start a party, here are some words you might want…
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1/22/10 Day After Report: GE Causes Market to (Im)Melt Up as Shorts Watch their BACks
A big fucking yawn today as less happened in US macro news than in an MBA strategy class (now let Money McBags get this straight Mr. Porter, which one of the five forces involves the ability to continuously print money to get out of debt? Is that the “no threat of entry,” the “no substitute…
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1/20/11 Midnight Report: When All Else Fails, Just Buy The Dip
The market was down strong in the morning as both fears of rising inflation in China and common sense seemed to hurt sentiment, but then like a phoenix rising from the ashes (though luckily not River Phoenix rising from his ashes, because that would have been weird) investors stopped adjusting their bollinger bands, refused to…
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1/19/10 Midnight Report: Market Goes Down on Earnings, Did it Swallow Idea that the Economy is Improving?
The market sold off today as earnings were more mixed than Tiger Woods’ family tree, housing data continued to remind people that double dipping can cause more than just herpes, and investors were all liquidating their portfolios to get cash to buy those 50% off Amazon coupons at Living Social in order to get in…
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1/18/11 Quick Update: Gone Fisting
Money McBags will be back with a full column on Wednesday night, unfortunately he had shit to do today (and more unfortunately, this wasn’t what he had to do). It’s a long sordid tale, but see, Money McBags has no income stream right now, and that is no way to live, unless you are a…