Budget deficit
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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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8/19/10 Midnight Report: No work and no pay makes the market a dull buy
Look out belowwwwwwwwwwwwwwwwww as the market is falling faster than Eliot Spitzer’s pants at the Mayflower hotel. Investors have finally decided to ignore the marginally good earnings data this quarter which was a lot of bottom line growth with weak toplines and instead pay some attention to macro data which is trending worse than Club…
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8/11/10 Midevening Report: Market goes down furiously, swallows long positions
Timberrrrrrrrrrrrrrrrrrrrrrrrrr. The market went down today faster than the Hummer Mom chaperoning a Boy Scout overnight. Given the months of bad macro data and the Fed warning about slower growth yesterday, the drop is about as surprising as learning that menstrual cramps may alter women’s brains (and for their next study, National Yang-Ming University will…