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CNBC Commentators increasingly negative. Is that bullish?
Old 02-27-2009, 04:44 PM   #1
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CNBC Commentators increasingly negative. Is that bullish?

Been watching CNBC quite alot lately and I have noticed how incredibly negative the anchors and commentators have become. It went over the top when Obama announced his budget yesterday. To me this is a bullish sign. These Wall Street types need to squeal in pain if we are to see the changes most of this country is looking for. It is a sign the Obama's change agenda is starting to bite. It will be painful in the short run but better for most of us in the long run I hope and believe. The howling on CNBC makes me feel better all the time and just maybe it signifies that a bottom is approaching. What do you think?
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Old 02-27-2009, 04:59 PM   #2
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They have been negative for months and the market continues to tank. I hate the SOB's. I quit watching for the most part, but will occasionally check to see what the market is doing. Always negative commentary.
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Old 02-27-2009, 06:18 PM   #3
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Quite frankly there hasn't bee much positive news to report and the President hasn't exactly set a positive tone.
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Old 02-27-2009, 06:26 PM   #4
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The best thing Obama could do for the markets would be to commit ritual suicide (sepeku) on the capital steps. It won't happen so batten down the hatches for the foreseeable future.
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Old 02-27-2009, 06:42 PM   #5
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It went over the top when Obama announced his budget yesterday. To me this is a bullish sign. These Wall Street types need to squeal in pain if we are to see the changes most of this country is looking for. It is a sign the Obama's change agenda is starting to bite. It will be painful in the short run but better for most of us in the long run I hope and believe.
I don't watch CNBC, and I have no idea whether the markets have bottomed or not, but I agree with your observation that the changes being proposed are what is needed in the long run to turn this economy and country around.
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Old 02-27-2009, 06:44 PM   #6
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It would not have been a pretty sight if they had CNBC in 1931. Talk about whipping everyone into a frenzy of fear...
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Old 02-27-2009, 07:05 PM   #7
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I'm with lightwaves and RAE. I'd be much more concerned if the markets liked the medicine he is doling out.

DD
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Old 02-27-2009, 07:22 PM   #8
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CNBC Commentators increasingly negative. Is that bullish?
Well, it's bull something...

I'm not sure where the fine line is between sugar-coating a serious problem, and being Chicken Little.
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Old 02-27-2009, 07:26 PM   #9
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Maybe it's because GE stock has tanked.

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Old 02-27-2009, 07:31 PM   #10
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Originally Posted by lightwaves View Post
Been watching CNBC quite alot lately and I have noticed how incredibly negative the anchors and commentators have become. It went over the top when Obama announced his budget yesterday. To me this is a bullish sign. These Wall Street types need to squeal in pain if we are to see the changes most of this country is looking for. It is a sign the Obama's change agenda is starting to bite. It will be painful in the short run but better for most of us in the long run I hope and believe. The howling on CNBC makes me feel better all the time and just maybe it signifies that a bottom is approaching. What do you think?

Sooooooooo... you personally are buying into the market right now?

Individual stocks/bonds - or an index?

(Incidentally, while reviewing your previous posts - yeah, I do that - I notice a conspicuous absence of posts from 9/16/08 through 2/12/09 - and I'm thinking "what's happened with the markets since 9/16? - hmmmmmm........" )
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Old 02-27-2009, 08:07 PM   #11
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Maybe it's because GE stock has tanked.

jr
Yes! Actually! I think that has a LOT to do with it. Did GE cut their dividend today? I bet that is really hurting the CNBC reporters too.

I haven't been able to watch CNBC more than a minute at a time for the last several months and they keep getting worse. I have never heard so much bellyaching and whining and crying in my life. If anyone dares say anything positive, an anchor cuts them off or argues on top of them. Maybe they think if they cry and complain enough the world will go back to the happy "making money hand over fist" days of 2005-2006. They need to grow up and acknowledge that their world has changed - drastically changed.

Whomever posted that if wall street is squealing maybe what's happening is the right thing. I don't know - but maybe it is a bullish indicator - LOL!

I am so amused when the CNBC anchors/reports smugly declare that the market is "punishing" the administration somehow - as if wall street is getting its "revenge". These are tough times, and a bunch of crap has to be worked through, until we get through it all, the market is going to be highly unpredictable and there is not going to be a lot of uncertainty. That's just the way it is right now. The financial system blew itself up, and it's going to take time to clean up the mess.

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Old 02-27-2009, 11:23 PM   #12
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The best thing Obama could do for the markets would be to commit ritual suicide (sepeku) on the capital steps. It won't happen so batten down the hatches for the foreseeable future.
You don't want Obama to commit ritual suicide because then you would have Biden as President. With Joe at the wheel........never mind, it's too scary to even think about.
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Old 02-27-2009, 11:42 PM   #13
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...then you would have Biden as President. With Joe at the wheel...
Great. Now I'll have nightmares for the rest of the week.
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Old 02-27-2009, 11:44 PM   #14
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You don't want Obama to commit ritual suicide because then you would have Biden as President. With Joe at the wheel........never mind, it's too scary to even think about.
Hey, I like the Delaware Destroyer. He's going to be the most fun VP since Dan Quayle.
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Old 02-28-2009, 12:10 AM   #15
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These Wall Street types need to squeal in pain if we are to see the changes most of this country is looking for.
Which changes are those?
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Old 02-28-2009, 12:41 AM   #16
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Hey, I like the Delaware Destroyer. He's going to be the most fun VP since Dan Quayle.
I agree is he is the gift that keeps on giving. Provide comic relief for the administration, and material for Leno, Letterman, Steward etc. But I think we'd see Dow 4,000 if Biden become President. Hell even I'd throw in the towel and capitulated if that happened
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Old 02-28-2009, 04:30 AM   #17
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You don't want Obama to commit ritual suicide because then you would have Biden as President. With Joe at the wheel........never mind, it's too scary to even think about.
My comment was meant to reflect the current market reaction to any Washington moves. Tiny Tim speaks and the market tanks. Little Ben speaks and the market tanks. [moderator edit] Barak speaks and the market tanks. The market has decided that government is the problem and not the solution.

From what I've seen, our government is mucking things up. We have a stimulus bill that has more pork in it than a Luau that won't stimulate anything but the liberal agenda. That is being followed up with a massive spending bill that grows the size of the government. We get to pay mortgages for deadbeats, bail out states that have spent like drunken sailors and subsidize car companies we wouldn't buy cars from. Tax hikes are needed "on the wealthy" to pay for all this. Before its over, we'll all be in the "wealthy" camp.

Since our moderators are now sensitive to any obvious sarcasm directed towards [moderator edit] Barak, let me say that the government should step back and look at the mess they're creating. They won't. We're in for a long four years.

Now, back to CNBC....

I'm seeing the usual garbage both bearish and bullish but the overall tone is almost a hopelessness. That Santelli rant was probably the most entertaining of the recent stuff but it won't amount to anything.

I only watch it in the morning for a few minutes while I'm eating breakfast. I get to listen to Joe opine, watch Carl wonder about things and see if Becky has washed her hair lately.
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Old 02-28-2009, 09:07 AM   #18
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Been watching CNBC quite alot lately and I have noticed how incredibly negative the anchors and commentators have become. It went over the top when Obama announced his budget yesterday. To me this is a bullish sign. These Wall Street types need to squeal in pain if we are to see the changes most of this country is looking for. It is a sign the Obama's change agenda is starting to bite. It will be painful in the short run but better for most of us in the long run I hope and believe. The howling on CNBC makes me feel better all the time and just maybe it signifies that a bottom is approaching. What do you think?
Maybe should watch MSNBC for Obama Lovefest balance.
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Old 02-28-2009, 09:25 AM   #19
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Maybe should watch MSNBC for Obama Lovefest balance.
Yeah, watch MSNBC for 30 minutes and FOX for 30 minutes. Where have you gone Walter?

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Old 02-28-2009, 10:04 AM   #20
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Yeah, watch MSNBC for 30 minutes and FOX for 30 minutes. Where have you gone Walter?
That'll turn your brain to mush...

Becky is cute, if she'd just stop saying, "we're watching this very closely"...

Carl Quintanilla is the only prefessional in the bunch.
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