MA
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2/3/11 Midnight Report: Bernanke Says Everything is A-OK (Other than Employment, Non-Core Inflation, and Anything Else That Makes a Healthy Economy)
The market closed up again today as Ben Bernanke let the National Press Club know that either the economy is fucked, or it isn’t (Money McBags is still trying to decipher Benny B’s speech but as “blowhard” is what Money McBags’ considers a command and not a language, it may take some time), protests in…
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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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6/21/10 Midafternoon Report: China drops its peg, exposes its growing yuan
The market rallied today in the morning like a chubby chaser with a bottle of crisco on his way to a Peter Paul Rubens exhibit until it faded in the afternoon thanks to common sense and volume. Rallying the market in the morning was news that China is going to unpeg their currency from the…