Daily report
-
10/20/10 Midnight Report: Market rallies again to the beat of algo-rhythm and Qs
The market rally was back on today with stocks shooting up faster than Ben Bernanke could chant “quantitative easing” over his bubbling cauldron (though he was heard incanting: “Double, double toil and trouble; Dollar burn, and assets bubble“) and faster than Sofia Vergara‘s son’s popularity on take your mom to school day. That said, with
-
10/19/10 Midnight Report: 50k iPads a day won’t keep the bear market away
Timberrrrr. The market sold off today as a result of tech companies posting earnings that failed to titillate the street, China raising their interest rates to try to stave off an asset bubble that soon may be only a prick away from popping, and the rent still being too damn high. Up until now, the
-
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
-
10/14/10 Midevening Report: Foreclosure? I don’t even know her
The market was down today as foreclosure-gate threatens to shut down the foreclosure process for banks quicker than an AIDS ridden penis has shut down the porn industry, though with potentially much more dire consequences (unless that AIDS penis touched the lovely Tori Black, because Money McBags can think of no more dire consequence than
-
10/13/10 Midevening Report: Even more bulls hit
Oh shit, it is on again like white on rice, stink on shit, and Black on Scholes (and for you quants, just know that Brownian motion has more than one meaning), as a flurry of blue chip companies beat earnings guesses and pushed the market higher. With the 50 day moving average now rising above
-
10/12/10 Midnight Report: Fed minutes count down the seconds to QE2
It was another quiet day in the market as the expectation of QE2 continues to dominate the headlines like Securities Analysis dominates the insomnia drug market or like Gabourey Sidibe dominates a doughnut (or box of doughnuts to be more precise). The market still can’t figure out what to do as investors continue to oscillate
-
10/11/10 Midnight Report: Market takes a break, wants to get to know QE2 before going all the way
It was a quiet day on the Street as the bond markets and federal offices were closed to celebrate one of the greatest threesomes of all time, and no, Money McBags isn’t talking about the Three Stooges, the Dahm triplets or that scene in Meggann and Hanna love Manuel, he’s talking about the voyage of
-
Economic Update: Market tells the economy “we don’t need no stinking jobs”
To the tick tock and the market doesn’t stop, as even though the jobs report continued to color the economy bad, the shit awful numbers signal that Benny B is going to come in and sex the market up with QE2, so rally on my friends, rally fucking on (and yes, the rally makes about
-
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
-
10/6/10 Midnight Report: Soaring metals prices causes gold to shower investors with returns
As Money McBags facebooked, twittered, and bat signaled today, he will be traveling for the next few days so his column may be a bit sporadic and brief, but he will do his best to still get something out as the readers of the award winning When Genius Prevailed demand it. So while today’s column