Wednesday, September 09, 2009

Sorry, But We Can't Help It

Bored, we decided to have a look - for the first time in weeks - at the Millionth Monkey, Zero Hedge. This was the lead post at 8 PM CT.

Cut and paste of the first line, with boldface theirs:

Yields 3.510% vs. Exp. 3.350%, 16 bps miss in final High vs. Exp.

Whatever member of the fuckwit collective was posing as Tyler Durden at that moment was plainly too stupid to even suspect that the 3.350% 'expected' number, wherever he or she may have read it (assuming literacy, of course), might be a little out of line.

Fact is it was 3.53%, buyers knocking two bps off in their eagerness to get on the ten-year bus.

As a fun aside, the banner ad appearing at the top of the page was for some boiler room place touting investments in lithium. Maybe they should just take some.

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1 Comments:

Anonymous said...

Dear Charles,

Let alone ZeroHedge and keep your olives under shlerter from Spanish Army's fallen planes and their fires.

Otherwise, you'll be singing like Otis Reding, but in the porch of your house, not in the dock of the bay.

Anyway, it's not bad time to watch to the time passing by…

Take care.

JL