"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
Friday assorted links
10 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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