It’s odd the way the players pay attention to some numbers and not others. There’s no reason why the market should have been surprised by the ConCon. ABC News does a comprehensive consumer confidence survey weekly that always foreshadows the ConCon. Last Tuesday ABC had this to say:
Read more »
Phatbubble- The Stool Pigeons Wire
Read more »
Responding to the growing furor over the paychecks of executives at companies that received billions of dollars in the government’s financial rescue, the Obama administration will order the companies that received the most aid to deeply slash the compensation to their highest paid executives, an official involved in the decision said on Wednesday. CNBC...
Read more »
More evidence of what “green shoots” mentality brings about. Aluminum inventories, is this the new normal? Looks like a problem to me.CNBC poll shows viewers favor Fed increasing interest rates by a 65-29 margin to support what’s left of the USD.Speaking of dejavu all over again, please take a hour and listen to all...
Read more »
Today the financial press, CNBC, and et al decided it was time to start reporting the latest news about a sputtering economy. Apparently someone in the higher echelon in Pig Men circles decided to send down a fresh, and I might add, negative press release that was duly read by their minions. This...
Read more »
I’ve been watching CNBC some since my return from Europe and the refrain of “can’t step in front of this train”, “gotta be long, ignore the fundamentals” registers in my pea brain like the wag Dana Carvey line, “Well, isn’t that special!”.Like so many stocks in the last quarter J. Crew (JCG) may have beat modest...
Read more »
Diane Olick of CNBC has looked into Bankamerica’s policy on foreclosures, and it appears to reflect what I and others had been thinking. The banks delayed the process pending the establishment of the Gumnut’s loan modification program. There is an admission here that the problem has not be resolved and that a significant surge...
Read more »
Jim Cramer is the wisdom of CNBC, I love to citate him again and again.
First link:
Pushing toy stuffed bears through a meat slicer, the screaming, peripatetic CNBC anchor Jim Cramer declared that he “had unbelievable guts to call a bottom,” and said:
“I am indeed sticking my neck out right here, right now, declaring emphatically...
Read more »
I have had an opportunity to watch CNBC since I have returned from Brazil, and it clear they are on a full court press mode to create what can only be called a bull trap. CNBC characterizes this as “the worst of the economy is behind us”. Even the President has jumped in to...
Read more »
CNBC’s Larry Kudlow is still managing to find shills that are pushing their stock buying BS on tonights show. Kudlow in his typical hackish style blurted “This is the best stock buying opportunity in 80 or 90 years.” Our generation has never witnessed sentiment as a supercycle degree bear market ultimately bottoms out but I am sure it’s not like this ....
Read more »
