CRUS
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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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Small Company Update: Surely You Can’t Like CRUS. Money McBags Does Like CRUS, and Don’t Call Him Shirley.
Money McBags did a quick analysis of CRUS yesterday and today he was able to go through their transcript and he has to say, he was actually pretty fucking surprised by how positive management sounded so perhaps there is still nice upside here. Below are Money McBags’ takeaways from the call. — 1. This company…
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1/27/11 Midnight Report: S&P Touches 1300, 1300 Says it Liked it
Despite new claims for unemployment putting up the largest weekly increase since September 2005 (and you all remember September 2005, right? Alan Greenspan was still a genius, iPads were still just the truncated spelling of a sanitary napkin, and Kim Kardashian’s vagina was still underwraps (and some guy named Damon Thomas too)), despite Japan being…
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1/22/10 Day After Report: GE Causes Market to (Im)Melt Up as Shorts Watch their BACks
A big fucking yawn today as less happened in US macro news than in an MBA strategy class (now let Money McBags get this straight Mr. Porter, which one of the five forces involves the ability to continuously print money to get out of debt? Is that the “no threat of entry,” the “no substitute…
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10/21/10 Midnight Report: The market weebles and it wobbles but the Fed won’t let it fall down
A funny thing happened on the way to the frontrun today as after a huge opening driven by slightly positive relative macro data and NFLX’s jizztacular earnings, the market dove on no real discernible news other than maybe investors waking up to just about EVERY FUCKING PIECE OF ECONOMIC DATA released in the last few…
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9/30/10 Midevening Report: Stocks end higher for the Q as HFTs continue to be their pusher
The market was relatively flat today as investors were focused on figuring out how to build rocket ships to reach the newly found Goldilocks planet (where the distance from a star, surface area, and moon position are all just right to make it potentially habitable) to start a new economy as the current one is…
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9/29/10 Midnight Report: To QE or not to QE – that is the already determined question
The market was relatively quiet today as QE2 continues to dominate the financial headlines like Pablo Picasso dominated the cubist scene in the early 1900s (and the current disjointed and broken market is perhaps an homage to the long gone cubists) or Eugene Fama dominated the Chicago school of thought in the 1970s with his…
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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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7/21/10 Midevening Report: Market “unusually certain” that it should go down
The market was chugging right along today like a Kennedy at a sorority mixer after Apple titillated the market with sales stronger than the breath of either of the world’s foremost cunning linguists, the great Vladmir Nabokov and the greater Janine Lindemulder, until Ben Bernanke got up and threw his figurative Baby Ruth into the…
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7/20/10 Midevening Report: Republicans fail to stop unemployment benefits from being extended, next up, trying to outlaw wheelchairs for quadriplegics
The market was moderately down today like a dysthymic after downing a plate of sugar coated prozac and a 2 liter of Jolt Cola before it ran up in the late afternoon due to the Senate extending unemployment benefits. Earnings were the biggest disappointment early on with IBM, TXN, and GS all putting up subpar…