cnbc is actually holding a special for sunday night, IM NOT MAKING THIS NONSENSE UP!!! No specials when the markets are jumping to historical highs, but once the markets break down they air these special reports, quite pathetic cnbc is don't you think.... Markets in turmoil: Watch CNBC special report CNBC.com staff | @CNBC 2 Hours AgoCNBC.com 37 CNBC will be airing a special report on Sunday, Aug. 23 at 7pm ET. COMMENTShttp://www.cnbc.com/live-tv/ (cable company subscription required)
Most investors, 401ks, etc are long only, hard to worry about things going up if you are them, but panic gets them all in turnmoil; considering that, I have no idea why you are surprised. LOL
Im actually not too surprised, I remember they used to keep their broadcast on longer during the days of the financial crisis, and I remember them broadcasting on weekends as well to calm the public because you know what, markets can't go down, they can only go up...
That guy Lee is the new Abbey Joseph Cohen. She was bullish all the way down to 666. This guy will bankrupt you in a bear market just like AJC did many investors in the last great bear market.
Not trading related, but did I mention I went 30% VBMPX (Vanguard total bond), 50% VMMXX (Vanguard prime money market), and 20% balanced/equities in my 401k about 2 weeks ago? But hey, I heard it's impossible to time the market and I should just hold an index fund for the rest of my life because "the stock market always goes up!" (apparently they haven't researched the Nikkei). Even if I were wrong and the market went up another 1-2%, the risk/reward just didn't make sense to keep a large swath of retirement in a severely overvalued market, even with an accommodating Fed. I've lived through 2000 and 2008 and it's not a personal goal to lose money by being a sucker.
Yeah, but he was extremely entertaining...Besides, he looked like he could snap your femur in two if you disagreed with him.
The usual Sunday night guy over in Hong Kong (Bernie Lo) has been very good, very straight forward over is long tenure at CNBC. But since the Shanghai market fall he has been uncharacteristically perma bullish, arguing with any and every guest over even the slightest disagreement of China stock bullishness. Me thinks he was taken aside by the Beijing party leaders and given a forced re-enlightenment regarding public speech, his job and the stock market (son, seems to me we have a failure to communicate to the people what the people needs ta know...you bes get your mine right if your gonna make it here boy). Yeah. I got it right. I got it right, boss
It is always the government best interest to keep the market in a bull mode, I don't see anything wrong with this. Majority of the population are in buy mode - pensions, retail investors and etc and it is important to maintain the social harmony to ensure the market in north mode in long term. I don't see any initiatives from them to keep the short seller happy, this is the reason why most perma bear loss in long term. By default, the market will skew to raise in long term due to inflation. Pricechange regarding your post: The Nikkei never get recover to their top *yet, but hey, if you are buy and hold and reinvest the dividend , you still making more money from dividend than putting the money into the bank. I am 90% sitting on cash now so I am ok for the market to give me another opportunity to buy cheap.
I see a problem with it - it's not free and it's not sustainable. It's the essence of a ponzi scheme that cannot be reconciled without eventual severe pain to a current or future generation. Plus it makes for shit trading.