This week, The Daily Show continued it’s parade of second-rate talent since A-list talent (rightfully) won’t cross a picket line to appear on the show. CNN’s personal finance editor Gerri Willis was on to: “decipher the gibberish that can be heard on other financial programs.” But she was the one spitting gibberish. After reviewing a CNBC Fast Money clip where the trader/correspondent said: “The Dow opened down 500 points, this was a great opportunity to cover those shorts and take a shot on the long side,” she said that was gibberish and Jon Stewart didn’t challenge her . To borrow a Bill Clinton-to-the-media comment from the week: Shame on you Jon Stewart.
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- GDP +1.8% (annualized) for 1st Half of 2014.
- Flatter Home Prices.
- Pending Sales of Existing Homes down.
- The Federal Reserve
- Durable Goods Orders Recover.
- Purchase applcations up slightly but…
- A Mixed bag of Fundamentals.
- Chicago Fed Manufacturing: Growing but Slower.
- Is the Supply Side Failing?
- Consumer Sentiment, Leading Indicators down.