IBM
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1/19/10 Midnight Report: Market Goes Down on Earnings, Did it Swallow Idea that the Economy is Improving?
The market sold off today as earnings were more mixed than Tiger Woods’ family tree, housing data continued to remind people that double dipping can cause more than just herpes, and investors were all liquidating their portfolios to get cash to buy those 50% off Amazon coupons at Living Social in order to get in…
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10/19/10 Midnight Report: 50k iPads a day won’t keep the bear market away
Timberrrrr. The market sold off today as a result of tech companies posting earnings that failed to titillate the street, China raising their interest rates to try to stave off an asset bubble that soon may be only a prick away from popping, and the rent still being too damn high. Up until now, the…
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7/26/10 Midevening Report: Market rally excites quants as S&P rubs up against upper bollinger band
The market ran again today as Fed Ex boosted guidance due to international companies wanting shit faster and macro data headlines were manipulatedly good (like Cameron Diaz‘ face on a magazine cover). The big macro news was that new home sales jumped 24% which is the biggest jump since May of 1980 and totally sounds…
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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…
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4/20/10 Midday Report: Goldman blows quarter out, then offers to blow SEC Chief of Enforcement Robert Khuzami as part of “settlement”
The markets are modestly higher today despite a blow out quarter by Goldman as other blue chip companies mostly met expectations and meeting expectations after an 80% market rally is like trying to impress Grigori Perelman with long division or Tommy Lee with a Hawaiian Tropic girl. The big news is obviously that Goldman released…