Monday, October 20, 2008

Is Your Money Safe?

CNBC has had a "special report mini series" every evening for weeks now, as the markets hit new lows, called "Is Your Money Safe?" Instead of highlighting the brilliant geniuses and short sellers that called this disaster, they continue to roll out the same dead beat pundits who have been wrong over and over for years. The insult to injury is that it's hosted by Larry Kudlow, who I do like, but Larry has been a buyer of the market everyday without exception since the halcyon days of 14,000.

CNBC should really think of portraying both side of the market a little more. They haven't done anyone any favors for a good long time.


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.