CNBC commentators are Afraid They Missed the Bottom Yesterday
It is working, the world is going upside down. This morning the CNBC crowd is going viral saying things like investors want gasoline at the pump to go higher so they can get the stock market back up. On Monday evening Jim Cramer kept mentioning the line”Hunting for a Bottom”, this from the guy who says that “there is a bull market somewhere every day and he just has to find it”. So there you go, things are getting different, things are not so easy anymore. Maybe the author of “Getting Back to Even” will author a new book “Running the Stupid Crowd”.
Our market stance remains the same as yesterday’s mid-session trading update.