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moneymcbags (< 20)

5/20/10 Midafternoon Report: S&P slides closer to next technical level of 0, most economists predict a bounce from there.



May 20, 2010 – Comments (6) | RELATED TICKERS: SPLS , KITDQ , WGO

F*cking Europe.  Seriously.  First they tried to tax us without letting us represent ourselves and you know what, we don't play that way.  Then they got all upitty and burned down the White House while poor little James Madison sat on his gelding and got his S'mores on.  And after that we've had to bail them out of losing a f*cking war to the worst human ever (and Money McBags does not mean Bill Laimbeer), got stuck with Pride and Prejudice being taught to every high school class in America, and were subjected to the f*cking Spice Girls.  Really?  Jeesh.  As if Europe has not treated us poorly enough by using us like a young lady in Lawrence Taylor's hotel room, now they have decided to have their whole f*cking economy go to $0 because the loose union of countries can't keep the weakest links from exhibiting worse moral hazard than Magic Johnson's wife after finding extra strength condoms.  Sure, we f*cked up the whole financial system first, but for f*cksake Europe, at least we know whom to blame.  So clean your sh*t up because Money McBags doesn't want to have another revolution and have to throw your tea away because his tea bagging is reserved for Faye Reagan only.  As an aside, Money McBags is aware that every example he used above refers to Britain and their tea and f*cking krumpets eating, bad teeth having, and fag smoking nation, and that Britain is not part of the EU and therefore not the problem.  That said, his commentary stands after all, we all know it wasn't over when the Germans bombed Pearl Harbor.

In US macro news, ain't a lot of good sh*t going on today.  New claims for unemployment spiked to 471k, up 25k from last week and the first rise in five weeks which surprised everyone but the 20MM people looking for jobs.  Riddle me this, with unemployment so high, how the f*ck are all of these economists still getting paid for adding absolutely no value?  It is a more fraudulent occupation than the Chief Compliance Officer at Goldman Sachs or Lady GaGa's stylist.  Not only were new claims for unemployment up, but the index of leading indicators was down .1% which was worse than economist guesses for a .2% gain as apparently they confused the word "leading" with "made-up."  Finally, the Philadelphia Fed said manufacturing rose to 21.4 but was short of the 22 predicted by consensus estimates.  In that same report, the jobs number fell and more unemployment is only going to do wonders for the lovely metropolitan Philadelphia area where the motto is "if it's not nailed down, it's ours."

Politically, the SEC continues to investigate what is now being called the "flash crash" because "high frequency trade off," "stock schlock," and "holy f*ck what just happened" apparently weren't catchy enough.  When they're done investigating the crash and can completely rule out trannie porn as the cause, Money McBags hopes they investigate why the market is going to $0.  Also, Senate Democrats apparently voted down a proposal for financial reform because Senators Feingold and Cantwell didn't think the proposed regulation went far enough and Money McBags applauds the state of Washington's lovely Ms. Cantwell who couldn't well pass the current legislation without stricter rules on derivatives.  The junior Senator said "Even something like Hoover Dam with all of the great concrete and all of the great engineering and all the great things that make that structure work, still has a problem if somebody drills a hole in the bottom of it."  Well said and to be brutally honest, Money McBags trusts any 51 year old single, never been married, woman when she talks about needing to proverbially put fingers in dykes.

Internationally, well, internationally..A WHOLE LOT MORE TODAY....REALLY, MUCH MORE....

6 Comments – Post Your Own

#1) On May 20, 2010 at 5:20 PM, CalVeitch (< 20) wrote:

What the ****** does this have to do with anything?

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#2) On May 20, 2010 at 5:39 PM, portefeuille (98.45) wrote:

Britain is not part of the EU

it isn't?

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#3) On May 20, 2010 at 5:43 PM, Option1307 (30.66) wrote:

Thanks for the laughs today, keep it up!

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#4) On May 20, 2010 at 5:43 PM, chk999 (99.96) wrote:

CalVeitch - make some stock picks and then we'll talk.

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#5) On May 20, 2010 at 5:54 PM, moneymcbags (< 20) wrote:


You are right and Money McBags is more ashamed of his misstatement than Starsky was ashamed of Hutch and the state of Alaska was ashamed of their abstinence teaching.

Britain is in the EU.  Money McBags meant to say they don't use the Euro, but he was not thinking properly today as his longs got shorter and his shorts got longer.  It was a day less fun than take your kid to work day at San Quentin.

Anyway, since there is no edit button on this site, Money McBags' slip up will live in posterity here for all the world to openly mock.

Good catch though. 

Bottoms Up,

Money McBags


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#6) On May 20, 2010 at 7:40 PM, starbucks4ever (69.10) wrote:

I hope 0 support level will hold :)

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