Buffett
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3/12/11 Day After Report: Market Hit by a Spoogenami
While there may have been a tsunami in Japan (and Money McBags heard rumors that it was caused by everything from Godzilla and Mothra learning that they had invested their savings with Bernie Madoff to a rush to the Apple stores to buy the new Hello Kitty themed iPad2), there was a spoogenami in the…
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10/26/10 Midevening Report: New tune for market as it B flatter than Mozart concerto
First of all, apologies for the fuckawful headline pun, but some days you simply have to play the cards you are dealt. That said, the market was quiet today as it digested marginal macro news and even more marginal earnings news while it continues to wait for next week’s QE2 which promises to be a…
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6/2/10 Midafternoon Report: Market runs in the late afternoon as it attempts to get home in time for Oprah
It was a relatively quiet day in the market today which is more of a rarity than a downward sloping supply curve, a funny Adam Sandler movie, or a bad picture of Olivia Munn. The market was up though as pending home sales shot through the roof, of course now someone will have to go…
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5/3/10 Midafternoon Report: Consumer spending up as sales of moral hazard increase (though to be fair it does come in blue this season)
Stocks are off to the races again today and the good news is that the market is seemingly being ridden by Calvin Borel. Sending the market up is that Greece is once again set to be bailed out, Warren Buffet was out defending Goldman Sachs, and people are spending more than they earn. Hold on…
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2/12/2010 Pre-Market Report: China tired of Greece stealing headlines, raises reserve rate to try to be January’s Economist centerfold, promises to show their Shanghai if selected
It’s a travel day for Money McBags so we’ll get to the market news early. The big story which should give pause to the market (and by pause, I mean send it into a bit of a downward hissy fit like someone at Fox News after trying to spell USA without a teleprompter) is that…
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1/27/10 Midday Report: In bid to increase approval ratings, Obama to unveil Apple Tablet at State of the Union address as a panacea for US budget problems
The market continues to limp it’s way down as investors await tonight’s State of the Union address where President Obama is likely to whip out his small business tax breaks and smack them against a non-defense discretionary spending budget freeze. This budget freeze supposedly applies to 17% of the Federal budget and will have enough…
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1/5/10 Midday Report: After 330 years, stock market proves Isaac Newton wrong: Gravity, schmavity. What goes down, must keep going up
The market continues it’s latest rally despite at best mixed news today. The biggest news is that pending home sales dropped more than Dolly Parton‘s boobs have in the past 5 years (and for the record, she now calls them “anklets”). The 16% drop was more than the expectation of a 2% drop after a…