pending home sales
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3/28/11 Midnight Report: Same Shit, Different Day
The market rose for most of the day like the radiation readings from the Fukushima Dai-ichi Nuclear Power Plant (where engineers recently found plutonium in the soil which is either from the nuclear melt down or a broken flux capacitor) until it sagged in the afternoon like Dez Bryant’s shorts (and perhaps his bank account…
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12/30/10 Midnight Report: Relatively Positive Macro Data Tries to Give 2010 a Happy Ending
2010 is going out with a bang as every piece of data beat guesses today including new claims for unemployment, pending home sales, and days until Christine O’Donnell was once again found out to be a fraud (and note to FBI agents, if you’re looking for where she may have hidden misappropriated funds, you might…
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9/2/10 Midevening Report: Investors no longer need toilet paper as economy continues to slide along bottoms
It was a relatively quiet day in the market today as bears picked up their shorts and hoped the bad men would stop pulling their alpha after yesterday’s strong move higher left their portfolios with shrinkage. The big macro news of the day was that new claims for unemployment dropped by 6k to 472k and…
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7/1/10 Midafternoon Report: Market sucks again, swallows investor gains
It was another volatile day in the market as initial jobless claims came out and were much worse than expectations which is not surprising to anyone except for those who make those expectations. Claims were up by 13k to 472k while analysts had guessed that they would drop to 452k which means on average they…
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6/2/10 Midafternoon Report: Market runs in the late afternoon as it attempts to get home in time for Oprah
It was a relatively quiet day in the market today which is more of a rarity than a downward sloping supply curve, a funny Adam Sandler movie, or a bad picture of Olivia Munn. The market was up though as pending home sales shot through the roof, of course now someone will have to go…
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5/4/10 Midafternoon Report: Monty Python to rewrite script as somebody expects the Spanish Inquisition
Timberrrrrrrrrrrrrrrrrrrrrrrrrrrrr. The market is trading down as if Europe is going to go bankrupt like John Edward’s morals or like investors think it will give them AIDS (which means Magic Johnson is happily buying today since he can’t be infected again). The news continues to be fears that even with austerity measures and a bailout,…
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4/5/2010 Midday Report: iPad so awesome it even creates jobs
It’s the jobs, stupid. Good Friday was great Friday for the economy as investors got the day off to spend their hard earned dollars on cheap imported crap from China while the Labor Department released monthly data showing 162k jobs had been created. Labor Department Secretary (though Money McBags prefers the more politically correct term…