"Ignore what has happened lately" Thus sproke CNBC re stocks
There is no end to the massive stupidity and self-dealing on that network. If the FCC had any balls at all this horrid beast be shut down forthwith. Tonight Doug "Dougie" Katz 'cheered' people by calling a bottom in 3 days, after having been endlessly and massively wrong for like forever and a day.....
The network long ago crossed the line of abject stupidity into utter immorality...
Tonight, only Donny Deutsch, no genius for sure but tellingly not a Wall St insider, has any clue whatsoever...
Just heard the phrase "Massive rally to the upside" uttered by some one of the trained seals. Holy crap already. Let's bankrupt a few million more househlods for the sake of ideology
Milton Friedman is still dead. Only CNBC hasn't got the memo
On deficient British growth (from the comments)
5 hours ago
In the same vein, the WSJ's editorial today squarely blamed the president for the 2000+ point drop in the Dow since January 20th. The Street's mouthpiece, apparently unaware that having taken twenty years to screw things up this bad it might take a little longer to fix, seems to have been expecting an immediate rebound in 2009. They did not, however, suggest that we were in the midst of a buying opportunity.
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