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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- Initial Jobless Claims at 15 year Low.
- MBA Applications Flat.
- Mixed Bag: Durables down, Consumer Confidence up.
- Modestly Positive Week for Housing Fundamantals.
- Home Prices up.
- Wild Swings in Mortgage Applications.
- Homebuilders Positive.
- Weak Retail Sales.
- Pre-BLS Jobs Data.
- Housing Remains Soft. Trade Deficit down.