They are making me sick

Posted by Ray on July 23, 2009 under cnbc, Markets | Be the First to Comment

I am watching CNBC Reports, I know, I know why would I do that to myself, but these guys are ferocious! There is Dennis Kneale and Michelle Caruso-Cabrera just beating up on their bearish guest, who include Harry Dent and Euro Pacific’s Chief Market Strategist.

It is the ugliest thing I have seen in a long time, they keep saying, don’t you feel bad for missing a 40-50% return in equities since March? All I have to say is they were even more bearish in March than most. Hell, even Cramer is saying the market is overbought and these idiots, Michelle and Dennis are just shaking their heads saying he is crazy. They want predictions on where the market is going, give me a break because no one is ever right on those predictions.

I just don’t get it, why are they pumping the market when they have no idea what they are talking about. Neither of the hosts have any real market experience, at all, and they are just don’t have a clue. They are saying this is not different this time? Are you freaking kidding me? They did not even research their guests.
Let’s recap, Michelle and Dennis, Lehman, Bear, Sterns, AIG, Freddie and Fannie along with countless other firms are gone, done bankrupt. The Fed dumped $2 trillion on their balance sheets and the government has spent more in 6 months than almost any other time in history. How is that the same as the last recession? It is not, credit was frozen the overnight rate on the LIBOR went sky-high, I don’t recall the high but it was a few percentage points versus the .23% or do right now.

This is different, you idiots and the simple fact that you do not recognize that fact is pathetic. When you con everyone into buying, just like 1999, will you apologize? What new disclosures will you introduce when this thing comes back down again?

You have no clue on what you are saying or recommending and a large part of that is the fact that you never ran money before and never had to look a person in the eye to explain a loss. Because of your lack of experience and lack of knowledge on the markets you are making a huge mistake of cheer leading when you should present the facts. Like Microsoft missing its numbers and they had their first decline in revenue EVER. If that does not tell you anything then you’re hopeless.