Thursday, July 26, 2007

CNBC = Market Cheerleader

You know, I hate all things Fox but perhaps a new business channel (besides Bloomberg) will make CNBC smarten up a bit.

The best was Mark saying that it was too hard to explain, but his "technical indicators" were telling him that the market was going to rally. Of course, he said that at around 10:00am, when the market was rallying.

What his "technical indicators" didn't tell him was that the market was going to slap all longs like little bitches only about 10 minutes later.

I wish they would let the market do what it's going to do and just shut up about the direction.


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