Based on what I’ve seen in the last half hour, CNBC will find every permabull from the last year and give them uninterrupted segments, one after another, all day long.
There is absolute denial so far this morning that there is something out of the ordinary here, both today and in the past two weeks. “Today U.S. stocks are on sale”, “we’re due for a bounce and it will be a big one”, “we’ve seen this before, think about LTCM”, etc.
Never mind my earlier post about futures getting back to lows by the close; the way they’re steadily dribbling away since the initial spike up, they might make the round trip before we even open. And if that happens, it’s 1000 points off the DJII by the end of the day.
OMG Joe Kernan just asked Cramer about “the steady hand of the Fed”!
Joe Kernen was on a cigarette break when they were handing out brains
best thing about the Bear Market has been watching that psychotic puke Cramer lose money (and his mind)
Listening to CNBC- I get the sense they’re just going in circles.
WOW! Rick Santelli is beating up Cramer for beating up on the Fed! “Look Jim, you’ve been bullish on this market for months!” They ended that segment PDQ!