the letter is not online

I just had a disturbing thought…

“You remember Pee-Wee’s Playhouse”…jk :-)

If you take a step back and abstract the situation a little, doesn’t CNBC look an awful lot like Pee-Wee Herman’s Playhouse? While no one strong personality emerges as the central theme, the cacophony of back characters is eerily similar. As a group, these are some odd birds working together tightly.

- insurance companies off the hook because of the war clause
- green rebuild initatives from scratch in the rebuild years
- destitute cheaper homeland workforce
- a pc natiolization of sold off factories plots
- foreign WTO GDP upgrades

hence the EATR

on a local sidenote – a number of area factories sold off to foreign interests over the last decade and naturally idling down .. and a Cold Roll Reduction Mill is being dismantled and sent to Brazil and the Temper Mill to France … via write up from inside blue collar worker to “letter to editor” NewTrib 6/11/09 … is Carnivore4.0 picking up on this Mr Gates now that I webisized it

Bartiromo or Burnett: Who will be No. 1 at CNBC?
http://www.marketwatch.com/story/cnbc-money-honey-bartiromo-or-burnett

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I think they’ll combine NASCAR with a little T&A and a morning cartoon. Something for everybody. When Jack Welch goes on to his celestial reward, they’ll probably replace him with a life sized doll that is said to have superior management skills, but he only speaks to one person on the AM team. Where’s the business news? Leave that to the guests as infomercials.

Sorry guys, Franklin is of particular annoyance to many of you. TD does that for me.

Bartiromo or Burnett: Who will be No. 1 at CNBC?
http://www.marketwatch.com/story/cnbc-money-honey-bartiromo-or-burnett

I must also admit an amusement over Dylan Ratigan jumping off the CNBC mother ship too. (“Ah, there’s a life raft over there!”) Makes me wonder if we’re just a few months away from CNBC consisting solely of the following:

Kneale, Kudlow, Caruso-Cabrera, Kernan, Regan, Francis, Cramer, Bartiromo, Bouroudjian, Gasparino
…and their pom-poms. (aka: the people on the other side of the trade) Hope I haven’t missed anyone…

Hey, I’m all for confidence and optimism, but I’m also a fan of reported reality versus cherry-picked journalism (oxymoron intended).

From the immortal words of Mr. George Costanza: “It’s not a lie if you believe it.”
That’s true…in the world of sitcoms.

On yet another note, I did enjoy Karl Denninger’s great response, but let’s take a step back and put this into perspective:

Who lost money because of the bogus (some would say “negligent”), CNBC report yesterday? Perhaps I’m off on this one, but if you are buying and selling stocks because of what one economist believes (not) is going to happen six months down the road, then you deserve to lose your money. Of course, the market will have its short term bounces when the widely followed (for good or otherwise) Roubinis and Whitneys of the world finally make their bullish calls (they HAVE NOT YET), but unless you stole Goldman’s black box and catch the move before the move, you missed it. Is the market still moving on Ms. Whitney’s “bullish” call? That’s so 4 days ago…

Last I checked, analysts (…and I think Whitney is fantastic) and economists don’t have much to do with companies earning profits.

I agree re: social unrest. I can’t help but believe that the feeling of betrayal that’s already out there will continue to grow as the reality of this sinks in over time and it’s increasingly apparent that they’ve been lied to, misled, and manipulated.

Those who haven’t been burned will get burned (in the housing and stock markets), and some will have to get burned for a second time before learning. But when they do, they’re gonna be pissed. And when they’ve got nothing else to lose, watch out. That’s when it’s dangerous.

“Companies have rigged the game of beat the number by setting the bar low. That investor’s get excited by it reminds me of an infant that gets excited about “peekaboo.”

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Actually, it’s probably worse than that. Imagine computers doing high frequency trading playing peekaboo. (One of which is probably front running the entire NYSE)