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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- Inflation Remains well Contained.
- Housing Starts down. Purchase Applications Spike.
- Wholesale Prices up Slightly.
- Manufacturing up Slightly.
- Import/Export Prices Continue Lower.
- Jobs Market Still Healthy.
- Purchase Applications -11.0% from a Year ago.
- Some Encouraging Signs in BLS.
- Jobless Claims low but Payroll/Population down.
- Flat Fundamentals.