GOOG
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3/31/11 Midnight Report: On Opening Day, Fed Continues to Take Economy Out to the Bawl Game
The market was relatively quiet today as investors brace themselves for tomorrow’s Labor Force Participation Rate Report, Money McBags means Jobs Report, from the (No) Labor Department which will likely be more fictitious than a James Frey memoir, a Jayson Blair news story, or Ryan Seacrest’s girlfriend (at least the girlfriend who supposedly pees sitting…
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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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12/16/10 Midnight Report: Market Reaches Two Year High, Will Data Hold an Intervention?
The market was up today as PIMCO is set to get their equity on, Fed Ex plans to deliver a fuckload of packages in the next year (even more packages than Victoria Givens took for delivery in 2004, and like all proper businesses, she required they all be delivered in the rear), and former Obama…
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12/13/10 Midnight Report: Market Has a Case of the Mondays
Not much happened in the market today as volume was lighter than the audience for a Hasselhoff reality TV show (and also about 900 IQ points higher) as investors continue to sit on their laurels (and if it is this Laurel on which they are sitting, then Money McBags certainly understands) while waiting for year…
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10/15/10 Midevening report: QE2 is coming! QE2 is coming! And inflation won’t shoot (up) until it sees the weights of the Fed buys
Aww yeah, QE2 is finally on the way in news less surprising than learning another politician is a hypocrite, banks may have forged documents and been untruthful about disclosures, and Bar Refaeli is hot. QE2 became official when Ben Bernanke got in front of a room of top economists at their annual coven and clam…
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10/7/10 Midnight Report: Market flat enough to be part of the itty bitty returns committee
The market closed moderately down today as investors, gamblers, and algorithms everywhere await tomorrow’s jobs report which will likely be as telling as one of Eddie Long’s altar boys (well for the ten or so years prior to this one) because thanks to the delightful birth/death model (where the output is more hard-coded than the…
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9/21/10 Midevening Report: Fed pushes stimulus off until later, prefers to get drunk first and find their anal beads
The market was quiet for most of the day in anticipation of a statement from the FOMC where it was thought Bennie B. may let his hair down (pun completely intended) and talk honestly (and yes that was sarcasm) about the stagnant recovery. In the end though, the Fed just gave us more of the…
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9/8/10 Midevening Report: Read My Lips: “Fuck you, rich people”
The market was up today as either it’s opposite day or we have finally reached the foretold Idiocracy since according to the Fed, the economy is showing “widespread signs of deceleration” (and that phrase is about as positive for the market as Magic Johnson being out of condoms is for one of his groupies). But…
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7/16/10 Midnight Report: A load of Bears hit
The market tumbled today like a broke Boy George on a floor covered with dong as consumer confidence continues to fade like LeBron James’ Q score or Haiti. Consumer sentiment fell to 66.5 which is the lowest since August and below the most pessimistic guesses of those not paying attention (also known as economists). The…
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7/15/10 Midevening Report: Senate approves financial reform only 5 years too late, next up, what to do about all of those indians
The Senate passed a sweeping financial reform bill today, though the only thing it is likely to sweep is more problems under the rug. After many compromises between Democrats and Republicans, the bill basically lets regulators feel the financial sector up but then caucusblocks them from going all the way. Sure there are now limits…