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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- Manufacturing Flat, at best.
- Retail Sales Pick up.
- Initial Jobless Claims Remain low but…
- Job Openings down.
- Labor Market Conditions Index Falls again.
- Another Weak Jobs Report.
- Initial Jobless Claims Remain low.
- Purchase Applications down 14% year/year.
- Chain Store Sales up year/year.
- Construction Spending Continues to Fall.