MLNK
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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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9/29/10 Midnight Report: To QE or not to QE – that is the already determined question
The market was relatively quiet today as QE2 continues to dominate the financial headlines like Pablo Picasso dominated the cubist scene in the early 1900s (and the current disjointed and broken market is perhaps an homage to the long gone cubists) or Eugene Fama dominated the Chicago school of thought in the 1970s with his…
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9/13/10 Midevening Report: You can’t spell “unstable” without BASEL
The market ran up again today because Warren Buffett said the economy is fine (and as we at the award winning When Genius Prevail know, if you keep saying something, people will eventually believe you) as noted by the fact that he is back to eating four scrambled faberge eggs for breakfast with his soylent…
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6/25/10 Midafternoon Report: New finance legislation may cause banks to find different ways to screw customers
The market is up today after congress reached an agreement on legislation to better regulate the financial services industry after only two short years of debate and an economy that people have less faith in than Scientology. The legislation, being called the Dodd-Frank bill (and Money McBags only laments that Senator Tim Johnson did not…
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6/11/10 Midday Report: Retail sales drop as stores still insist on charging money
The market has been relatively quiet today after yesterday’s meteoric rise on news less relevant than the Pound-Dong exchange rate (and oddly enough Pound Dong was also the name of Alexis Texas‘ last movie) or the 93rd decimal of Pi (which incidentally is 2). In US macro news, consumer sentiment was better than analysts guessed,…
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6/10/10 Midevening Report: Market rallies in anticipation of tomorrow’s sell off
Readers, Money McBags apologizes for his absence yesterday, unfortunately he has a life outside of the great When Genius Prevailed and that life required him to spend all day watching Anna Paquin scenes now that she is oh so comfortable with her bisexuality, so you can’t really fault him for that. Anyway, today the market…
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6/7/10 Midafternoon Report: Hold on to your shorts as market continues on wild ride down
The market was chugging along today, taking a brief respite to lick its wounds after Friday’s jobs report gave even the most virulent Bull a bad case of Foot in the Mouth disease, until it dropped precipitously in the last half hour like Helen Thomas’ reputation at a B’nai B’rith fundraiser. With Europe’s ongoing…
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4/15/10 Midday Report: Tax day causes 53% of the US population to be pissed, other 47% pissed every day about being broke
Oh shit, just when the economy was looking better than a threesome with Hayley Atwell and Alice Eve, new jobless claims for last week rose for the second week in a row and economists didn’t have Easter to blame this time. Well, actually they did, as a government analyst once again warned that the numbers…
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4/1/10 Midafternoon Report: A disappointing RIMM job
Before we get to the markets, Money McBags found a picture of the hottest female in the history of history and wanted to share it with his readers as a sign of his gratitude. This is the hottest female ever*, so you’re welcome. Anyway, stocks are up today as macro data was more encouraging than…
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3/9/10 Midafternoon Report: Happy birthday bear market low, now go fuck yourself
Today marks the one year anniversary of the bear market’s devilish low of 666. To celebrate the nearly 70% rise since then, unemployed workers throughout the country are taking a day off from job hunting to resole their well worn and tattered shoes while Wall Street bankers are wiping their delicate behinds with their beluga…