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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- Jobless Claims Remain Low.
- Housing Starts up but Still at Low Level
- Inflation up. Chain Store Sales down.
- Retail Sales up.
- Lowest Initial Jobless since May 2007
- Purchase Applications up week/week but down year/year.
- Encouraging Fundamentals
- Inside the BLS Employment Situation Report
- Modest Improvement in Jobs.
- Jobless Claims low but Employment/Population Ratio Falls.