New Home Sales
-
9/22/10 Midevening Report: Market down as Bernanke’s mixed signals cause it to question whether he “likes” or “like likes” it
The market was up briefly in the morning before investors could pull themselves away from watching NSFW art films (and Money McBags does not know the plot of that film but believes it is about the unbelievably wonderful place people in heaven go to after they die in heaven) and realize that the emperor has…
-
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…
-
6/23/10 Midafternoon Report: Economy of Stale
The market was only marginally down today despite terrible macro data and a Fed statement about as optimistic as Nouriel Roubini at a funeral (the funeral of course would be for the US economy). New home sales dropped 33% to a record low as once again, and for all of you keeping score at home,…
-
5/26/10 Midevening Report: Market diagnosed with Meniere’s disease as it can’t stop falling
The market tried to rally today like a drunken hobo lying in a pool of his own vomit reaching for the discarded fifth of whiskey by his side to try to taste one last drop. Unfortunately the last drop turned out to be another hobo’s urine as Money McBags hasn’t seen a rally less believable…
-
4/23/10 Midday Report: Crash of the Titan as Greece requests bailout
The market is up today as sales of new homes were up 27% blowing past analyst guesses and rising by the most in five decades which is so long ago that baby boomers were still in grade school, man had yet to reach the moon, and full muff was still in style (like the very…
-
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…
-
2/24/10 Midafternoon Report: Bernanke channels his inner Greenspan and promises to keep rates low until the next bubble
Dizzam, Benny B went in front of the House Financial Services Commitee today and let everyone know that rates will be kept low for a more “extended period” than a menometrorrhagia sufferer. Despite last week’s back and forth between Bernanke and his henchman Thomas “T-Ho” Hoenig about the language used by the Fed in their…