retail sales
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10/15/10 Midevening report: QE2 is coming! QE2 is coming! And inflation won’t shoot (up) until it sees the weights of the Fed buys
Aww yeah, QE2 is finally on the way in news less surprising than learning another politician is a hypocrite, banks may have forged documents and been untruthful about disclosures, and Bar Refaeli is hot. QE2 became official when Ben Bernanke got in front of a room of top economists at their annual coven and clam…
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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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9/14/10 Midevening Report: Bigger retail sales fail to stimulate market as market prefers motion of the ocean
The market closed down after being up most of the day as US retail sales were a bit better than guessed at by analysts thanks to bigger back to school discounts, some states offering tax-free holidays (or as they are more commonly known as: paycations), and consumers having more money after skimping on their water…
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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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8/5/10 Midevening Report: New claims for unemployment continue to claim the economy still sucks
The market traded down today like anyone who has ever broken up with the delightful Brooklyn Decker as new claims for unemployment were out and were much worse than analysts had guessed (and not just because analysts suck at their jobs like one-legged kick boxers, but because we’re in a fucking recession). Money McBags hates…
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7/14/10 Midafternoon Report: Retail stales
Ho fucking hum. Retail sales fell again in June as stores keep trying to charge money for products and people keep not having any. Sales dropped .5% in June, though if you exclude automobiles, sales only dropped .1%, and if you go one step further and exclude anything bought in a store other than ramen…
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7/8/10 Midday Report: More bulls hit
The market jolted up on unemployment news this morning before remembering it had already gone up yesterday and thus quickly settled in like an environmentally friendly squatter in Al Gore’s mansion. The big macro news is that new claims for unemployment dropped to 454k or some number higher than that depending on how much the…
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7/7/10 Midafternoon Report: Bulls hit
The market was up today because we are due for a brief rally until we resume our fall in to the abyss like King Midas’ son Anchurus (only without saving the Earth) or like Alan Greenspan’s reputation. The market has reached the point where some stocks have simply been oversold and with the lack of…
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6/3/10 Midevening Report: BP apologizes for oil spill while investors await market’s apology for recent 12% drop
The market held steady today like the Universe according to Fred Hoyle or the unemployment rate over the past several months. Speaking of unemployment, jobs data came out in advance of tomorrow’s already leaked positive government non farm payrolls report which will no doubt feature a birth/death model plug so large that it will be…
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5/14/10 Midafternoon Report: Market loses again but Nets and Knicks still said to be interested
Oh shit, the market sunk today like Bernie Madoff’s grandchildren’s hopes and dreams or like a booze cruise captained by Joseph Hazelwood. Just when you thought investors had forgotten about Greece like John Edwards forgot about dignity (though perhaps he never had any) or Britney Spears forgot about underwear, it is back in the news…