Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Thursday, November 8, 2007

Why does this guy Dennis Kneale get to be wall to wall on CNBC..... This is why I hate CNBC... There is some Random Talking head with an (Random fucking) Opinion that gets WALL TO WALL air time.

Why do these "Journalists", seem to be the worst violaters of journalistic bias on TV. Sure one can allow some form of editorialising... But journalist get to editorialize about journalism, and Traders and investors get to editorialise about markets....

BTW he is on my list of people on CNBC who needs to say "I would do this with my 80 year old mothers money, after every stock tip/sugjestion he gives....

Every once in a while I think even kudlow is ready to smack him.

100-200 Trillion in Commercial paper derivatives. All of which europe and asia don't want.

No new low for the dollar, Peter Schiff said one of the dollar weaknesses is that the world would rather invest in Euro bonds, than U.S. Bonds...Trading Euro's into Dollars into bonds used to prop up the dollar.

The ECB decided not to cut rates... Why would you buy a U.S. bond at 3.5 whe you can get them in the U.K at 4.8...
The old argument was one of U.S. Strength....
I think we will find ourselves isolated very soon.

1 comment:

Brett said...

Great post, enjoy your blog

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