[45 seconds]
Robert Gibbs, Press Secretary responds to Barrack's comments plus Jim Cramer (yes I'm serious) [3 minutes]
Gibbs was responding to Jim Cramer's comments on the Today Show [4 minutes]
p.s. Watching CNBC's Erin Burnett saying "We've been telling the country to face reality" is probably the height of hypocrisy. Was that before they put the pom poms down or after? Classic revisionist history. Goldilocks economy anyone? Mustard seeds? Was it after the hundreds of "bottom is in" calls? Or "this bailout will turn it around" - I keep missing where they told us to face reality. Maybe in the 2-3 AM time slot. On the plus side Erin finds cheer that Americans are not so poor they can no longer buy shoes from Walmart (WMT). Excellent news.
Erin is apparently of the viewpoint I have been hearing a lot that the media is at fault for much of this... if they only talked positively many of our problem would dissipate - because after all confidence can buy new homes and cars. (along with shoes ex-Walmart). Cramer is the far sounder voice here and if only he kept his suit jacket on at all times (he only wears it on more serious shows) we'd love to hear a lot more of him. *This* version of Cramer is actually helpful. (although Robert Gibbs doesn't think so!)
Visit msnbc.com for Breaking News, World News, and News about the Economy
14 comments:
erin burnette is a douche
ugh
CNBC invites the same crook over and over again despite of giving them history of the individuals with criminal history and the FINRA report. I quit watching their show after inviting this same guy for the fourth time. I would like to know who the publicist to screen through the crooks.... If they are so optimistic, do not invite them.
Obama has learned what every money manager knows.... "talk your book" whenever given the chance :)
God, I sadly got long today as it looked like we could breakout. We then of course crumbled like nothing I have seen.
There isnt a buyer in sight. And Obama telling me to buy stock really makes me want to reverse my oversold buy position...
I just heard Roubini's new forecast:
"I watched as he opened the sixth seal. There was a great earthquake. The sun turned black like sackcloth made of goat hair, the whole moon turned blood red, and the stars in the sky fell to earth, as late figs drop from a fig tree when shaken by a strong wind. The sky receded like a scroll, rolling up, and every mountain and island was removed from its place."
Hehe.
Colin, I got "long" with an extra 7.5% of portfolio and promptly lost 0.6% - thanks Obama! where's my bailout? haha
I was positioned for a limit down open today and of course we go green. I got duped! duped I tell ya.
Now I let go some short exposure and of course we'll limit down tomm morning.
I hope to get some of my shorts back on 9:30! hope its not too late
we WILL reverse - and I dont think too far from now. But it could be 5% lower - who knows.
Gestalt
LOL
He is in Time now
just wish he was on the cover
that would be a great contrarian signal
that guy is getting his 15 minutes and more
this era's Abby Joseph Cohen
Re: Obama says to buy stocks. Remember, you heard it from the 'Greatest Investor of All Time' first. (Mr. Buffett). Even if you don;t accept Obabma's request, it must be time to 'be greedy when others are fearful'... So load up your basket! This is a Walmart moment for investors.
jegan
this is the slow roasting of the golden goose -
Well, Obama successfully killed my energy, biotech and healthcare stocks in only a few days of work. I must admit he is efficient. If they continue talking, the democrats will efficiently bring the stock market to 5000 within a matter of weeks.
Mark (and others) -
I am looking to get a better grasp of technical trading. Can you recommend 2 - 3 books that will really give me a solid foundation. Thanks.
Hi last Anon,
I hope someone else can give you some guidance - I just have muddled over the years learning incrementally and don't claim to be a TA whiz kid; just use it as a guidepost but fundamentals are my main thing. I never read any specific book but I hope some other reader checks in and gives you specifics.
I've basically picked up a little here or there over the years from the internet, and cobbled together some very basic simplistic TA.
here are some basics
http://stockcharts.com/school/doku.php?id=chart_school:overview:technical_analysis
not sure if you are brand new or trying to go from TA 101 to 201
I highly recommend "Trading for a living" by Alexander Elder to anyone that wants to understand technical analysis and its explanation in terms of human psychology...
Thanks, Mark. I'm a frequent visitor to the "stock charts" website.
NW -- thank you for the recommendation. I'm picking it up from my local library tomorrow.
Post a Comment