Somone called me out.

I've had to spend a good part of my evening, backing my shit up. Better explaining my positions, due to somone calling me out on my Hyperbole.

here is my responce, I actually edited this down because I found it long winded.

@@@@, I very much apologies, and also give you a tremendous amount of respect for calling me out, on my flippant bile. In your case, I had intended to comment, about my jealousy that you get to cover @#@W, as a means of employment. Also your input to CNBC as a distraction from aggressive trading is welcome. I found it funny, as well as annoying that I’ve spent way to many minutes of my time trying to figure out how to “Short” #@##, based on my assumed bearishness on your part, and that thought continues to make me chuckle.

In my defense(of the overall post, and not Re: @#$#, which was unfair ) my frustrations with CNBC and all of the fine well meaning, hard working folk, Is my frustration with Journalism in general, where editorial Journalism has taken center stage, over more responsible, point-counterpoint journalism. This as well is my frustration in all of journalism today. Not only CNBC, but also WSJ, NYT, CNN, FOX, etc… I’m a Die hard Socialist, but the best show on CNBC in my opinion is Kudlow. That shows ability to bring on the Biggest Bears and Biggest Bulls, into civil point counterpoint arguments about the economy, is invaluable investor information. I’m Long this market, and hope for economic prosperity for everyone in it. But I also don’t want to be the guy going long goldilocks, as pappa bear chews her up, and we wait for grandma to send another of her grand-children back into the woods. This is just a fact of life in this age of Info-tainment guising itself as news, and to be honest I need to spend more time focusing on coping with it, but part of that process is to be able to vent my frustrations on my lame Blog.

As CNBC hosts can provide their opinion that “more people will buy air conditioners in China than will be hurt by the loss of 10-20% equity in their home.”. That months ago “Cisco saw a global market as strong as he has ever seen, in routers and networking devices”(oh, wait that is never qualified, it is always CEOs have remarked that “Global growth, is as strong as it’s ever been.”) and talk about the Tragedy of the Middle class, making 250K getting hit with AMT…. If they can do that, I can flippantly comment on how much I dislike them in some near random order.

My frustration is this: WHERE IS THE STORY ABOUT THE GUY GOING HAVING TROUBLE, GOING BANKRUPT BECAUSE OF MEDICAL BILLS, THAT THE INSURANCE COMPANY IS DENYING, OR THAT BECAUSE HIS COMPANY DOESN’T PROVIDE HEALTH CARE ANYMORE, AND HE CANT FIND A JOB WHERE HE DOES GET MEDICAL. NOW THAT $1000 A MONTH COMES OUT OF HIS PAYCHECK, SO HE CAN’T PAY HIS MORTAGE, HIS HOUSE IS IN FORCLOSURE, HE IS LEVERAGED TO HIS EYBALLS IN CREDIT CARD DEBT, TO FEED HIS FAMILY, ALL ON HIS 25k A YEAR JOB. I’m a little more interested if quantifying these people, than I am in the effect of a change in the tax structure for private equity, or the effect of the AMT on people who make 200K a year. The aforementioned get’s very little play and could have a tremendous affect on our consumer driven economy, the latter is a mustard burp to this economy. I need to know how many of them there are, and how bad it is. Not, a lot of bad suppositions and analogies, and Feet up on the desk… Crap infotainment-economics.

All of this is a debate(cnbc’s lack of discussion of CDOs and CLOs until they had literally ceased up the credit market, and continued discussion of “sub-prime” as the problem, and not a housing bubble), I’m not willing take the time for. CNBC’s continued ability to be about 7 days behind the curve on almost everything in the market, is more their problem than mine. Overall it doesn’t concern me, besides make the hair on the back of my neck go up as I imagine, Old retired people, trying to stretch their meager retirement budget, by going long apple at a 65 P/E. not realizing that it’s a highly speculative investment, as investors are counting on them tripling their market share, which is possible, but still speculative, but WHERE IS THAT STORY “FIRST ON CNBC: APPLE MUST MORE THAN DOUBLE THEIR CURRENT MARKET TO JUSTIFY THE CURRENT PRICE.”……

I digress, and once again, it’s that frustration that I have, that I focus in a poor way, on like I said, the hard working men and woman, doing their best at CNBC, Honestly I should focus more of that frustration on the producers and management. Honestly, I’m busy staying ahead of my investments to do anything but vent to my blog, and now, take this time to clarify my thoughts.

@#^#, none of that has anything to do with you, or your work. I do find useful information, in many of your projects, and I also find that you don’t particularly “Cheer lead” for the market. You’re also a welcome relief to my stressful trading day, and I thank you. Once again I apologies for my remarks.

And Yes, I'm an asshole. But I've told everyone I know that unless you're actively managing your investments, your better off in bonds for a few months. The downside is much higher than the Upside. of course this was once the market recovered, which it has.