ebix
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1/29/10 Midday Report: Size doesn’t matter as 6% GDP expansion fails to stimulate the market
The market is bouncing around today even though GDP grew 5.7%, the fastest pace in 6 years and beat estimates of 4.7% growth. The upside was led by a restocking of inventories from their depressed levels (and inventories were more depressed than Kathy Griffin’s bikini waxer the time she ran out of rubber gloves). The…
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1/28/10 Midday Report: Global economy still more fragile than faberge egg wrapped in Donald Trump’s ego
The market is down again today thanks to Qualcomm giving a subdued forecast and something again about people not having jobs. Luckily, according to the Fed, the recession may be over which has left many of the 10% of unemployed people loudly cheering from their urine stained cardboard boxes. The Fed upgraded its economic outlook, reaffirmed…
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1/26/10 Midday Report: An Apple a day will keep the recession away (especially if it’s one of those new tablets)
The market is bouncing around after Apple put up a ginormous quarter and is likely to announce their tablet on Wednesday while the global economy still sputters. In macro news, US consumer confidence rose to 55.9 from 53.6 and we all know how important it was to break that 55 barrier (actually, I’m just kidding,…
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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…
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1/6/10 Midday Report: A flat market at your service (sector)
The news out today is that the service sector grew, but less than expectations, so now we know how Vern Troyer’s parents felt. The ISM index of non-manufacturing jobs rose from 48.7 to 50.1 and anything over 50 signals expansion according to the arbitrary metrics measured by the index and the directionally correct economists who…