Daily report
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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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10/29/10 Midnight Report: GDP is the trick for Bernanke’s QE2 treat
The Commerce Department’s Bureau of Economic Analysis (the uglier, less douchey stepsister to the B(L)S) released their first take on Q3 GDP this morning and it was unsurprisingly relatively more benign than a testicular mole or even Henry the IV of France. With both the mid-term elections and Fed meetings slated for next week, every
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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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10/27/10 Midafternoon Report: Quick Update as Money McBags needs some him time
Dear Readers, — Money McBags has been writing dick jokes and providing analysis at a furious pace over the past few weeks and he is in desperate need of a mental health day (well that and a rusty trombone from the uber talented Jennifer White, but baby steps). He takes the award winning When Genius
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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
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10/22/10 Midnight Report: Will Geithner’s plan at G20 hit the spot?
The market was mixed today as fears of currency wars formed the yin to earnings beats’ yang (or the teeth to earnings beats’ hummer if you will) and with macro data more non-existent than Mel Gibson’s career, there wasn’t much for the Street to manipulate. That said, a number of US officials were in the
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10/21/10 Midnight Report: The market weebles and it wobbles but the Fed won’t let it fall down
A funny thing happened on the way to the frontrun today as after a huge opening driven by slightly positive relative macro data and NFLX’s jizztacular earnings, the market dove on no real discernible news other than maybe investors waking up to just about EVERY FUCKING PIECE OF ECONOMIC DATA released in the last few