CNBC Is Now Flagrantly Misrepresenting Reality

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Thu, 07/30/2009 - 11:57 | 19403 djchill2
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I recieved my Zero Intelligence t-shirt yesterday...this kind of shit from CNBC makes me so proud to wear it...Thx TD

Thu, 07/30/2009 - 12:11 | 19433 texpat
texpat's picture

Me too, though I'm not wearing it until I see a 200 point drop on the Dow.

Thu, 07/30/2009 - 12:35 | 19479 Altan311
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Just got mine too, was surprised by the high quality of the shirt! Better than any of the garbage you could order from CNBCrap.

Thu, 07/30/2009 - 13:03 | 19526 Quantum Noise
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Got mine as well.

Thu, 07/30/2009 - 15:23 | 19745 rigger mortice
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nice to see they're priced in sterling over here,although you can see th scale of the kicking cable's taken at first hand

Thu, 07/30/2009 - 11:59 | 19405 bpj
bpj's picture

"When the legend becomes fact, print the legend"

Thu, 07/30/2009 - 12:10 | 19430 Veteran
Veteran's picture

My guitar wants to kill your mama

Thu, 07/30/2009 - 12:23 | 19456 crzyhun
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BTW that is a great blues CD/song. Hope you got it.

Thu, 07/30/2009 - 12:01 | 19408 Danz Gambit
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In the land of make-believe, anything is possible.

Thu, 07/30/2009 - 12:26 | 19464 wallst1980
Thu, 07/30/2009 - 12:01 | 19410 jimmyt
jimmyt's picture

The further we get from the truth.  The more it looks like a lie. One of the oldest tricks in the book. Jimmyt

Thu, 07/30/2009 - 14:08 | 19640 Anonymous
Anonymous's picture

There lived a farmer in a remote village. His father asked him to sacrifice a goat. The farmer visited cattle fair and bought a healthy goat. He slung the goat he had bought over his shoulders and headed home. Now there were three thugs trying to befool unsuspecting people. They saw the farmer with the goat slung on his shoulders and thought that this what they were looking for. They hatched a plan to make the farmer part with the goat. They decided to meet the farmer separately at three different places as he headed back home. When the farmer came to a lonely spot, one of the thugs came over and asked the farmer "Sir, why are you carrying a dog on your shoulders!" The farmer was flummoxed. He angrily said "Can’t you see it is a goat and not a dog?"

The thug said "I am sorry but I told you what I saw.” The farmer kept on walking on his way home. Soon he met the second thug who said, “Sir, why are you carrying a dead calf on your shoulders?” The farmer was taken aback. He yelled back "How can you mistake a living goat for a dead calf?" The thug replied "you are making a great mistake. I just told you what I have seen” and moved on. He had hardly gone a little further when he came across the third thug who told the farmer, "Sir, why are you carrying a donkey on your shoulders?” and began laughing. The farmer thought all these three people could not be wrong. He thought that the goat, which he was carrying, might not be a goat, but rather a ghost since it kept on changing from a goat to a dog, from a dog to a dead calf and then into a donkey. He was so afraid that he began to tremble and threw the goat on to the roadside and took to his heels. This was what the thugs were waiting for. They caught the goat and had a sumptuous feast.

Thu, 07/30/2009 - 12:02 | 19412 DebtorShredder
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The headline should read:

CNBC Is Now Flagrantly Perverting Reality
Thu, 07/30/2009 - 12:05 | 19416 deadhead
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CNBC  Has Been Flagrantly Misrepresenting Reality

Thu, 07/30/2009 - 12:28 | 19457 Danz Gambit
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hey deadhead  -  since its a slow news day :-) , I've been meaning to ask you

how many Dead shows did you see? I'm fairly certain I was at 30, and it may have been over 50 (memories from 1976-1986 are still pretty fuzzy) lol

"It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness .."

Thu, 07/30/2009 - 12:40 | 19486 deadhead
deadhead's picture

hey now danz...probably around 30 in the early 70s to late 79/80.  actually, i started appreciating their music more as i have grown older (mid 50s).  I go to lots of ratdog shows, have become well acquainted with weir through a friend of mine who plays guitar with him.  weir's a nice guy, always enjoy chatting with him.  i did see the dead at the obama thing at penn state but chose not to go to their shows on the recently concluded tour.  thanks for asking.

"sometimes you get shown the light in the strangest of places if you look at it right"

Thu, 07/30/2009 - 13:08 | 19536 Anonymous
Anonymous's picture

"the sky was yellow, and the sun was blue"

Thu, 07/30/2009 - 13:45 | 19591 deadhead
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so nice to see all the deadies coming out of the woodwork....there is a LOT of grey hair at ratdog concerts, i'll tell you that!

Thu, 07/30/2009 - 15:47 | 19779 Anonymous
Anonymous's picture

High on the mountain, what do you see?
Bear tracks, bear tracks, looking back at me
You'd better get your rifles boys before it's too late
The bear's got a little pig and headed through the gate

Thu, 07/30/2009 - 17:37 | 19951 Anonymous
Anonymous's picture

Awsome, will put this one my profile.

Long live the BEAR....

Thu, 07/30/2009 - 20:39 | 20156 Anonymous
Anonymous's picture

"the rain is going to come, oh it surely looks like rain..."

Thu, 07/30/2009 - 12:04 | 19417 OrganicGeorge
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Why are you shocked?

When has CNBC ever been truthful?

Same as it ever was.



Thu, 07/30/2009 - 12:29 | 19427 mdtrader
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20 years of CNBC, 12 years of zero return on stocks. Coincidence?

Thu, 07/30/2009 - 15:52 | 19789 Anonymous
Anonymous's picture

same as it ever was? hmmmmm

talking heads....

Thu, 07/30/2009 - 12:05 | 19419 Miles Kendig
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Facts?  who wants or needs facts at CNBC or its parent when they can determine what the truth is.....

Market prices = consumer confidence = recovery from this ahemm liquidity and confidence scare.  That is the only truth that matters to CNBC, those that developed this message and deployed this PSYOP and its adherents.

Speaking for myself and for some of us who still value facts, debate and discussion, thanks again ZH!

Thu, 07/30/2009 - 12:06 | 19421 Anonymous
Anonymous's picture

xTrends is about to be over.

The last portfolio value on Sol's account was $3.9m

The current loss just on FAZ, ES and NQ is now around $3.7m, so it excluses the options (all of the OTM if I am not mistaken).

Goodbye xTrends: looks like after banning just about anyone Sol and Atilla are the ones to get banned in the their brokers.

Thu, 07/30/2009 - 12:06 | 19424 Project Mayhem
Project Mayhem's picture


Thu, 07/30/2009 - 12:08 | 19426 Mako
Mako's picture

Why do you guys continue to watch that crap?


The system will collapse for failure to expand at the required exponential rate and there isn't anything anything Beeker or Kuturd is going to do to change that.

Thu, 07/30/2009 - 12:16 | 19445 D.O.D.
D.O.D.'s picture

ok, maybe slightly off topic, but not much... why do we watch it... well Bloomberg can be a bit dry to be honest.

I usually refrain from ad hominem attacks, but I just can't resist this time, I just saw Tit's Cabrera shaking her stuff then turned staring blissfully into the camera smiling for at lest 90 seconds, just a deer in the headlights... good stuff... and it's all finally just making me laugh, anyone who get's burned by believing these guys, at this point, deserves it.

Thu, 07/30/2009 - 13:21 | 19557 Anal_yst
Anal_yst's picture

Sex sells Taj, sex sells...write that down.

Thu, 07/30/2009 - 12:13 | 19429 kote
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But... we had mostly positive surprises!  Analysts are obviously more important to the overall economy than silly things like earnings and revenues.  Just ask GE.  Hell, the entire market is up on an analyst upgrade of GE today.

Thu, 07/30/2009 - 12:22 | 19455 Gigantor
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And don't forget, on the CNBC website there is a great article about from an "Analyst" that says GE's stock could 'double' in 3 years!






Thu, 07/30/2009 - 12:53 | 19509 KawKaw
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Can anyone explain why people buy into this...Let's set earnings expectations at zero and then when earnings come in at anything better than that, Whoo hoo, SURPRISE!

I'm also still under the impression that Santelli, Haynes, and Faber are still honest!  True or False?


Thu, 07/30/2009 - 13:39 | 19581 Anonymous
Anonymous's picture

Well, what Sanetelli and Faber say usually makes sense, so yes. I don't keep up with Haynes.

Thu, 07/30/2009 - 19:11 | 20080 Anonymous
Anonymous's picture

It could go up by 1000x, priced in dollars

Thu, 07/30/2009 - 12:13 | 19440 silencedogood
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Yes...add that the 10 yr yield is at 3.7 and rising, OIL is popping, Dollar down a bit, stocks rocketing on WORSE unemployment news (not better as the Communist News Broadcasting Circus says!). Ok.  We have consumers getting hurt by folks losing federal unemployment benefits and rolling on the state extended rolls (CNBC refuses to report...I have asked them response amazingly!), folks LOSING benefits completely as they use them up, higher gas now and no jobs.  Did I mention Consumer Sentiment is also down?  I wonder why.   The consumer is in hard defensive mode.  I make damn good money and even I have cut back as I am concerned about the long term outlook.  I am dramtically increasing my emergency Oh Shit fund and moving most investments into income or treasury funds.  I consider this a BLOW OFF TOP and am looking for it to crash.  With earnings so dramtically lower and the consumer NOT buying...HOW CAN GDP BE POSITIVE?  Could someone please explain that?  I am expecting GDP to be -3% or greater in loss.  Does anyone think we will be higher/lower?  If so...why?

-Silence Dogood

Thu, 07/30/2009 - 12:18 | 19447 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

No doubt when crime rates rocket exponentially as desperate people act out, CNBC will see that as a "green shoot".


GAWD just saying that phrase makes me want to gag.

Thu, 07/30/2009 - 12:26 | 19460 Miles Kendig
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In Richmond and Vallejo CA the police do not have the capacity to investigate crimes against property.  they just take the report.

Thu, 07/30/2009 - 13:30 | 19568 e1even1
e1even1's picture

here in sacramento they dont have the money to prosecute any misdemeanors. may just be a california phenom?

Thu, 07/30/2009 - 12:48 | 19502 Anonymous
Anonymous's picture

They'll just claim the Broken Window Fallacy to be proven fact.

Thu, 07/30/2009 - 13:27 | 19563 e1even1
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a couple friends are small independent retailers. shoplifting has more than doubled in the last 2 years. they say that they could profile most of it before. not now.

Thu, 07/30/2009 - 19:56 | 20117 Anonymous
Anonymous's picture

be very careful with the gdp figures....i have
read -1.x% contraction but the tarp funds and
other bailout moneies are going to be counted
in gdp as special know that
krudblow will use the doctored numbers as his
talking point....

if corp profits are down 32% on revenue declines
then -3% is more likely with -6-9% closer to the

if people were smart and used gnp (rather than
gdp) they would have seem economic implosion
back in the 1990s and understood the dot com
phenomenon better.....fuck msnbs, krudblow,
bernanke, bush, odumbo, geithner, greedscam,
rockefeller, all pos CONgress crooks,
and every lying sack of shit bankster in america
and the world.....

Thu, 07/30/2009 - 12:15 | 19442 Anonymous
Anonymous's picture

i think you meant to say "the bud lite is served in the wing to the west".

Thu, 07/30/2009 - 12:15 | 19444 Anonymous
Anonymous's picture

these charts are reported EPS with no adjustments for writedowns etc, correct? isnt the upcoming bounce a result of horrific bank writedowns in Q408? granted, the spike has got to be significantly overestimated, but i would certainly not be surprised by a positive number.

Thu, 07/30/2009 - 12:27 | 19466 Miles Kendig
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Anyone can show a profit if enough expenses are excluded.

Thu, 07/30/2009 - 12:18 | 19448 Anonymous
Anonymous's picture

I bought FAZ at 33.90 today. This market is coming down faster than a meteorite one of the next few days or maybe after 7 year auction today.

Thu, 07/30/2009 - 12:42 | 19491 deadhead
deadhead's picture

bgz here at 27.07...that one might be a "buy and HOLD"

Thu, 07/30/2009 - 12:53 | 19511 Anonymous
Anonymous's picture

do not hold the levered etf's, they are day trading vehicles only!

Thu, 07/30/2009 - 12:59 | 19521 Anonymous
Anonymous's picture

Can you tell one non levered etf to buy and hold.

Thu, 07/30/2009 - 12:22 | 19453 Anonymous
Anonymous's picture


- What about the surprise +9.5% -- oh, no ZH will never show that column !!!!!!!!!!!!!!!!!!!!!!!!!11111

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