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The bulls on CNBC

Submitted by Tyler Durden on 03/23/2009 19:10 -0400

Jon Stewart

Right now, the CNBC hoi polloi are crowing about March closing out at potentially the best monthly performance since October 2002. As usual, there's nothing to back up this piercing analysis other than various interviews with floor traders who are profiting off the vol on the major indices. Of course, come mid-April when Q1 numbers are released the doom and gloom will come back with a vengeance.

It's almost like CNBC was formed purely to supply Jon Stewart with material on slow days on CSPAN.

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Sun, 05/03/2009 - 23:19 | 1861 The Political and Financial Markets Commentator (not verified)

The Political and Financial Markets Commentator's picture

I wrote on this myself. The channel drives me crazy:

Friday, May 1, 2009
Man, Is This A Real Bull Market?

Why Do I Watch CNBC?

I'm not sure, but if you look closely at CNBC during the day the anchors are all wearing Dallas Cowboys cheerleading uniforms. Men and women. Now it is my fault for watching it, as I have the option to change the channel, but I do like the ticker going across the bottom. Takes me back to my trading days.

Now there is no question that we have had a strong bounce off of the bottom set in March, but this is on the heals of an unbelievable run to the lows starting in earnest at the beginning of the new year. Now it is understandable, as a television network that has a primarily long viewership (I would think), that the bias would be to the long side. However, all they are talking about is that we are ending the best 8 week period in the market since 1999.

That Would Only Be Relevant If You Were Flat And Bought The Bottom Or Had The Money To Add To Crushed Positions...

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The bulls on CNBC

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