QE2
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3/7/11 Midnight Report: Market Goes Down on Libya as Qaddafi Proves not to be a Cunning Linguist
The market sold off today as the Fed came out (not that there is anything wrong with that) and said that they are both for and against QE3 (which is as useful as a yersinia fecal transplant. And a quick side note on the whole fecal transplant as the new curative breakthrough but Money McBags…
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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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11/20/10 Midday After Report: Bernanke Lets His Hair Down
Kind of a drab hum drum day in the market yesterday as no new countries were close to defaulting, no new IPOs of shitty companies were being sold (and yeah Harrah’s, Money McBags is looking at you), and no new news on whether Milla Jovovich will be joining her country’s burgeoning Femen movement. — With…
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11/9/10 Midevening Report: As QE2 Hangover Wears Off, Will Market Wake Up in A Pool of Its Own Volatility
It was another lackluster day in the market as investors are still trying to regain their bearings from last week’s quadruple news high of elections, QE2, the jobs report, and Kat Dennings nude photos being released. With all of the excitement of those events more than priced in to the market, investors have spent the…
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11/3/10 Midnight Report: What’s Black and White and Red all Over? Who the Fuck Cares, QE2 is Here
What do we get for $900B? Every-ting you want. Everything? Every-ting. So sock it to Bernanke because with QE2 the dollar got so thorny as the Fed loves printing money for a long time (note to any reader not brought up on bad rap music, this will make the prior reference marginally funny, it will…
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11/2/10 Midnight Report: They’re baaaaaaaaaaack!
The market rallied today as election booths underflowed with discontented voters, unemployed workers looking for a warm place to hang out during the day, and douchey hipsters who thought the lines were for the Apple store. — Apparently the Republicans are going to win back the House and thus have 1/4 of the decision making…
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11/1/10 Midnight Report: The Calm Before The (Shit) Storm
The market ran in the morning today on the strength of China manufacturing the fuck out of some shit before falling in the afternoon after realizing that most Americans can no longer afford to buy the fuck out of that same shit (except of course for iPhones, because no matter how poor people get, they…
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10/28/10 Midnight Report: Investors debate size of QE2 and wonder if it will suffer from shrinkage
The market held steady today as headline-y good macro news was mixed with a dose of disappointing earnings news and topped off with a healthy heaping of who gives a shit. That’s because with mid-term elections looming and everyone waiting to see the details of QE2 (which is now the most anticipated market event since…
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10/26/10 Midevening Report: New tune for market as it B flatter than Mozart concerto
First of all, apologies for the fuckawful headline pun, but some days you simply have to play the cards you are dealt. That said, the market was quiet today as it digested marginal macro news and even more marginal earnings news while it continues to wait for next week’s QE2 which promises to be a…
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10/25/10 Midnight Report: Show us your TIPS!
And now it has come to this. With the Fed set to print more dollars than there is available rag paper (though they will soon be able to use the tattered clothing of the homeless and long-term unemployed to make up for that shortage), the US Treasury issued TIPS at a negative yield for the…