consumer spending
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8/30/10 Midafternoon Report: Warren Buffett turns 80 as he and the S&P race to 100
The market was fairly quiet today with many investors spending their last summer week basking in the sun, sipping on margaritas, and enjoying the last days of the S&P above 1,000. In fact news was so thin this morning that the NY Times business cover story told you about retargeting as the reason why you…
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6/28/10 Midevening Report: Finance ministers come together as G-20 hits the spot
Stocks were bouncing around today as macro data came out, courts made some rulings, and the Unicorn meat industry took a hit. Consumer spending numbers were reported and shockingly, income grew faster than spending which means that either the numbers are going to be adjusted later, consumers had their credit card lines lowered significantly, or…
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6/11/10 Midday Report: Retail sales drop as stores still insist on charging money
The market has been relatively quiet today after yesterday’s meteoric rise on news less relevant than the Pound-Dong exchange rate (and oddly enough Pound Dong was also the name of Alexis Texas‘ last movie) or the 93rd decimal of Pi (which incidentally is 2). In US macro news, consumer sentiment was better than analysts guessed,…
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5/28/10 Midafternoon Report: Market falls after basque-ing in Spain’s downgrade
Money McBags has been busy so today’s report will be brief, like the Anglo-Zanzibar war of 1896 or Gary Coleman’s remaining days (what, too soon?). The market tanked again and closed down 8% for the month of May which is the worst May in 48 years which was so long ago that the Hulk comic…
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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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4/30/10 Midday Report: Biggest swinging dick on the Street may land in aptly named penal colony as criminal investigation launches on Goldman
The markets are down today due to mostly inline GDP, more shenanigans in Greece, further investigation in to Goldman Sachs, and gravity. GDP for Q1 was released and the economy expanded by 3.2% thanks to consumer spending which was up 3.6% and interestingly enough coincided with the release of KFC’s Double Down thereby spiking sales…
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3/29/10 Midday Report: Who needs yeast as market rises on Passover
Break out the menorahs as it’s Passover and thus time to light the candles, forgo yeast, and drink Manischewitz until the market makes sense and Mayim Bialik becomes attractive. The market is up today as economists ponder their own four questions: 1. “Why is this market different from any other market?” 2. “Why in this…
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3/1/10 Midevening Report: Semis conduct market higher, next up, Beethoven’s Fifth
Wow. The market ripped up today like it was competing for the Ansari X Prize in 2004 or like it was rushing to claim the last seat in a dream Hayley Atwell–Kate Bosworth Ultimate Surrender match (nsfw, unless your work doesn’t suck). Technology led the way thanks to an upbeat report on chip sales and…