Oh yea, CSCO says everyting not that bad. I sure do remember 2001-2003 CEOs would come on from time to time and make some cheery remarks. Market would bounce and then head right back into the trend.
Looks like the trend is that CNBC comes up with the news always after 2pm. Somebody needs to investigate.
Could you imagine what would be found if they did? No doubt they are being told when to release certain news worthy info. Its NOT a coincidence that each time its been as the mkt was at the lows intraday recently.
It is not just ABK California Draws Record Demand as Muni Bonds Rally: http://www.bloomberg.com/apps/news?pid=20601087&sid=aIgvYS1NNJvQ&refer=home