Couldn't help but be disgusted watching the clowns from GE Vision talking just how BAD things are around the World this morning...marching all the corporate and political soldiers in front of the camera to tell their tales of woe and gloom and doom forecasts in the middle of the Swiss Alps...Wait a minute.. these are the guys we love to fade.
All the way down from the top, they beat the BULL drum, telling us it was just "seasonal", and these reports of weakness were just outliers.I could go down a list, but I think starting with Ben BurnYankee proclaiming how small a problem subprime was almost 2 years ago when out of nowhere the market suddenly took a cliff dive at the end of February 2007. and then there was the famous "Chicken Little" comment directed at investors in August of 2007 by this supposed "Economist" Ben Stein in the N.Y. Slimes - the air of denial was thick.
I guess I could go on and on, but the bottom line is these guys have always been a fade. The best thing you can listen to is the market. That's what we try to do here, is get a real read on what the public is DOING, not SAYING.Anyway, the whole thing cracks me up.
Now that it's obvious that the economy is in the tank - the talking heads are now shaking heads.... and if the heads roll down at Hype-Vision, that works for me, especially after watching them grind investor portfolios into dust with all their shameless rationalization...
Back to the charts...
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