Daily report
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1/13/11 Midnight Report: Once Again, New Claims for Unemployment Claim the Economy Still Sucks
The market limped in to the close today as the dip buyers were somehow distracted by the jump in new claims for unemployment which were so far from analyst guesses that they were perhaps a Nassim Taleb-ian black swan (as opposed to a Natalie Portman-to-lesbian Black Swan), the continued rise of commodity prices (as companies
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1/1/11 Midnight Report: Data Speaks Softly, Will Earnings Carry a Big Stick?
It was a fairly quiet day on the market as investors get ready for earnings season, brace for an East Coast snow storm, and actively try to bet on which porn star Charlie Sheen will bang next (and for the record, Money McBags is taking Gracie Glam, in the kitchen, with his lead pipe). That
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1/7/10 Day After Report: Take This Jobs Report and Shove It
Oh shit was it on yesterday as macro news flew faster than Goldman subprime securitizations in 2005 or upward price target revisions on the S&P 500 in the last week (1,450, 1,500, does Money McBags hear 2850? Sold to the witch doctor in the back). — The macro news included the B(L)S reporting their non-farm
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1/6/11 Midnight Report: Tweeting the Dip
Money McBags is not going to have a full column tonight as he is burned the fuck out after the last three days of producing more material than Gabourey Sidibe‘s Oscar dress maker while scratching his head over all of the dip buying. — Instead of a column today, Money McBags hit the twitter and
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1/5/11 Midnight Report: Dip Bought
The market got its schwerve back on today by buying the dip as if the dip were going to cure cancer, reveal the meaning of life, and lead to a threesome with Kayla Collins and Sara Underwood (who as always, can get under Money McBags’ wood whenever she pleases). So forget about unemployment, forget about
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1/4/11 Midnight Report: Will the Dips Buy?
Ruh roh. After yesterday’s euphoria around the new year wiping the economic slate clean, investors woke up and realized that, well, a new year does not wipe the economic slate clean and unemployment remains unhealthily high (and as unhealthily high as if it had shared a needle with Gia Carangi), housing prices have either already
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1/3/11 Midnight Report: Just Another Panic Monday for Shorts, Will Tomorrow be Their Funday?
The market ran today like Ben Bernanke was giving out free money (which um, he kind of is, as long as you have already proven that you are untrustworthy and have bad judgment), or giving out free shares of Facebook (which at this rate will be valued higher than an original copy of Birds of
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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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12/29/10 Midnight Report: All Quiet on the Manipulated Front
The market continued to rise today on volume lighter than Ben Bernanke’s private sector experience and even lighter than ad sales for the proposed reality TV show tentatively titled “Two and a Half Men” where Hank Paulson, Paul Krugman, and Robert Reich will live in a house and try to solve the economy’s problems using