BIDU
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2/1/11 Midnight Report: Egypt Shmegypt. You Can’t Stop the Rally, You Can’t Even Hope to Contain It
Fuck yeah was it on today as the cry of “1400 or Bust!” rang through the trading pits (and if it is Melissa Archer’s bust, well, then Money McBags may have to be rooting with his shorts) like other momentous rallying cries such as “The British are coming,” “Remember the Alamo,” and “Who Let the…
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10/22/10 Midnight Report: Will Geithner’s plan at G20 hit the spot?
The market was mixed today as fears of currency wars formed the yin to earnings beats’ yang (or the teeth to earnings beats’ hummer if you will) and with macro data more non-existent than Mel Gibson’s career, there wasn’t much for the Street to manipulate. That said, a number of US officials were in the…
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4/29/10 Midday Report: HP thinks it bought a rosy PALM, no word on whether they will also buy her five sisters
The rally is back on thanks to solid earnings, Greece likely getting bailed out again (for now), and the FED reaffirming their promise to keep rates low until the next bubble. Not only that, but new claims for unemployment were down by 11k which was just shy of analyst guesses and just shy of asking…
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2/10/10 Midday Report: Bernanke’s statement stuns meteorologists, causes it to rain on market’s parade in the middle of a snowstorm
The big news moving the market down today was the statement from Ben Bernanke about the FED’s future policy plans. Bernanke was supposed to testify in front of the House Financial Services Committee but the snow storm in Washington caused the hearing to be postponed giving Barney Frank more time to make snow angels and…
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1/13/10 Midday Report: Google threatens to pull out of China, claims “not properly protected,” but does offer to finish on China’s back
With macro news today apparently scarcer than free speech in Chinese search engines or free standing buildings in Haiti (too soon?), the big news moving the market is Google’s threat to leave China after China left the toilet seat up one too many times and refused to take out the trash. Google’s panties are currently…