Money McBags
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4/12/11 Midnight Report: Macro News Blows, But Will it Swallow the Market’s Momentum?
The market traded down today as earnings season began not with a bang, or a whimper, but with a Kirstie Alley-esque thud as AA missed revenue guesses (and the 6% drop in the stock likely caused some AA investors to fall off the wagon), Japan’s market fell again as the severity of the nuclear disaster…
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4/11/11 Midnight Report: Will Margin Pressure Make Earnings Season A Bigger Bust Than Christina Hendricks’?
The market was down today as there was little news to keep the momo of the ponzeconomy™ going as investors await earnings reports (which promise to be spanktastic, as long as investors don’t care about silly little things like margins, profits, and expectations more reduced than those of Sbarro’s owners, Alan Greenspan’s parents, or Russell…
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Site Update: Just a Quickie
Money McBags apologizes for not being able to get to a weekend report over the past couple of days but he was not only busy serving as a special mediator for the budget crisis (and unfortunately they didn’t take his solution of all going to fuck themselves), but he was also completely mesmerized by this…
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4/7/10 Midnight Report: Budget? We Don’t Need No Stinking Budget
The market stumbled a bit today on news of a potential government shutdown (and politicians quibbling over a $40B budget difference is like someone quibbling over Brooklyn Decker‘s SAT scores because in the big picture, it is more irrelevant than Donald Trump), a new earthquake hitting Japan (luckily no damage was done but the Pacific…
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Small Company Update: QCOR to MS, “Tell Me How My Acthar Tastes”
Tuesday after the market closed, QCOR pre-announced a Q1 that shit all over analyst numbers as if every analyst were from Off Wall Street (though as Money McBags types this, perhaps Mr. Roberts is furiously penning his mea culpa to run in tomorrow’s Barron’s where he apologizes for being more wrong than Donald Rumsfeld and…
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4/4/11 Midnight Report: Will March’s Madness lead to April Fools?
Today was a quiet day in the market (even quieter than Bernie Madoff’s trading floor on a triple witching Friday or a Money McBags column without the dick jokes) as investors bask in the fictitious and marginally above consensus guessed jobs numbers from Friday (and if you missed it, Money McBags dove in to the…
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Did The Economy Stop Blowing Jobs?
The big news in the market on Friday was the release of the (No) Labor Department’s NFP Jobs Report (more commonly known as the Labor Force Participation Rate Report, or fiction) which showed the ponzeconomy™ added 216k jobs in March which was enough for the administration to pat themselves on their well insured backs and head…
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Huge Site News
Loyal readers, many of you are aware of the internet rumors that have been going on about the fate of the award winning When Genius Prevailed and Money McBags, especially after Money McBags’ recent ~2 week hiatus. Well today Money McBags has great news to announce. In his absence he was working on a pilot…
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3/31/11 Midnight Report: On Opening Day, Fed Continues to Take Economy Out to the Bawl Game
The market was relatively quiet today as investors brace themselves for tomorrow’s Labor Force Participation Rate Report, Money McBags means Jobs Report, from the (No) Labor Department which will likely be more fictitious than a James Frey memoir, a Jayson Blair news story, or Ryan Seacrest’s girlfriend (at least the girlfriend who supposedly pees sitting…
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Small Company Update: KITD Downs More Buy-agra and Keeps Growing
Money McBags promised he would get to KITD’s quarter on Tuesday but then he sat down to do his taxes and well, shit got a little hairy (though not as hairy as Paul Volcker’s taint). Now Money McBags isn’t saying the AMT is convoluted, he is saying the AMT is fucking convoluted. Money McBags has…