MoneyMcbags's blog
As QE2 Hangover Wears Off, Will Market Wake Up in A Pool of Its Own Volatility
Submitted by MoneyMcbags on 11/09/2010 20:17 -0500It 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...
Economy Stops Blowing Jobs
Submitted by MoneyMcbags on 11/05/2010 17:16 -0500Hells yeah. The jobs report was released today and the economy added a headline 151k new jobs which means we will be back to a Keynesian healthy unemployment rate sometime around the year 2172, just in time for the third Tralfamadorian invasion of Earth, OJ to find the real killers, and Rocky XVII to be released.
11/3/10 Midnight Report: What's Black and White and Red all Over? Who the Fuck Cares, QE2 is Here
Submitted by MoneyMcbags on 11/03/2010 23:58 -0500What do we get for $900B? Every-ting you want. Everything? Every-ting. So sock it to Bernanke because...
They're baaaaaaaaaaack!
Submitted by MoneyMcbags on 11/02/2010 23:20 -0500The 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.
The Calm Before The (Shit) Storm
Submitted by MoneyMcbags on 11/01/2010 23:27 -0500The 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...
GDP is the trick for Bernanke's QE2 treat
Submitted by MoneyMcbags on 10/29/2010 23:12 -0500The 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.
Investors debate size of QE2 and wonder if it will suffer from shrinkage
Submitted by MoneyMcbags on 10/28/2010 22:40 -0500The 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...
New tune for market as it B flatter than Mozart concerto
Submitted by MoneyMcbags on 10/26/2010 22:41 -0500The 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 worse proposed sequel than Amistad II: The Return Trip Home.
Show us your TIPS!
Submitted by MoneyMcbags on 10/25/2010 22:42 -0500And 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 first time in history.
Will Geithner's plan at G20 hit the spot?
Submitted by MoneyMcbags on 10/22/2010 23:30 -0500The 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.
10/21/10 Midnight Report: The market weebles and it wobbles but the Fed won't let it fall down
Submitted by MoneyMcbags on 10/21/2010 23:22 -0500A 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 years (though highly unlikely).
10/20/10 Midnight Report: Market rallies again to the beat of algo-rhythm and Qs
Submitted by MoneyMcbags on 10/20/2010 22:57 -0500The 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")...
10/19/10 Midnight Report: 50k iPads a day won't keep the bear market away
Submitted by MoneyMcbags on 10/19/2010 23:59 -0500Timberrrrr. 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.
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
Submitted by MoneyMcbags on 10/15/2010 17:24 -0500Aww 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 bake in Boston (where Money McBags hears both the incantations and the soup were delicious)...
10/14/10 Midevening Report: Foreclosure? I don't even know her
Submitted by MoneyMcbags on 10/14/2010 22:51 -0500The 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 a world deprived of her talents).
