Don't watch CNBC much myself. I used to read briefing.com all the time. I really got a kick out of some of the analyst ratings. Kaufman Brothers had a buy on Global Crossings right up until the day they filed for chapter 11. That same morning the Kaufman Brothers switched their rating to hold. They even left the rating in place after Moodys cut GX's bonds to junk, many weeks before bankruptcy. What where they thinking?
Jbtrader23 mentioned Acampora in '98 going bear in October. The other guy is Barry Hyman, who went bear at the same time. Even the inside guys did know shit then. And judging by their statements since, know no more today. Acampora wrote a book about the glorious first decade of the next millenium for stocks. Dow 20k,Naz 10k, SP 5K, Acampora's compensation package 20mil.
Is there a bigger (shorter) bull stooge than Grasso? Here is Grasso on the day of his famous "please buy stocks" pitch, with his son, MiniGrasso.