Japan
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3/24/10 Midday Report: Port-Ugh-al
The market is down a bit today on news that some country in Europe named Portugal has had their debt rating lowered by a whole minus sign (yikes, imagine if it had been a minus sign and a frowny face) and slightly negative US macro news. New home sales came out today and boy were
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3/17/10 Midday Report: With PPI down, optometrists now try to tackle conjunctivitis
The market is moving up again today as to the surprise of none, the Fed held rates near zero yesterday while restating their intention of keeping them low for an “extended period” (known as their menorrhagia strategy). The Fed did say they will stop buying MBS now that they have successfully kept home prices inflated,
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2/26/10 Midafternoon Report: AIG loses more in Q4 than entire GDP of Malta, warns Botswana they’re up next
The market is a bit mixed today like the drug cocktail found in Brittany Murphy’s stomach. Sales of existing homes dropped for the second consecutive month, this time by 7.2% which is the second largest decline ever and is creating more of a buyers market than the internet did for newspapers. The decline was caused
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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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12/31/09 Midday Report: Let the New Year’s party begin (Except for the 10% of you unemployed)
2009 finally ends tonight and what a year it has been. The market sunk to a low of 666 before being exorcised by a low quality rally and a bottle of jesus juice, the US goverment bailed out the financial system and printed enough money to make Bill Gates seem like a pauper, unemployment spiked
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12/9/09 Midday Report: Nothing to see here
No really, there’s not much to see today except for this and maybe this. The dollar started to decline again thus boosting commodities and reversing some of the downturn the stock market has taken over the last week. No new data, but traders have to make money somehow so banging the soft dollar is a