This morning, CNBC was all giddy about the higher dollar, lower oil and rising stocks.......

[marmar]

..... now, not so much.


DOW JONES INDUSTRIAL AVERAGE IN(DJI: ^DJI)
Index Value: 11,156.23
Trade Time: 2:41PM ET
Change: -132.31 (-1.17%)
Prev Close: 11,288.54
Open: 11,289.19
Day's Range: 11122.53 - 11399.11
52wk Range: 11,106.70 - 14,280.00


http://finance.yahoo.com/q?s=%5EDJI

[ChairmanAgnostic]

1. at least gas rose for the 8th straight day. so they have going for them.

[ramapo]

2. It doesn't take much to get the cheerleaders going

Never ceases to amaze me how most of the financial talking heads can take a 50 point rise after days of big losses and make it seem that all is good in the markets.

[screembloodymurder]

3. I can't stand watching these clowns anymore.

It's tough being a cheerleader for a team that never wins a game.

[earthside]

8. Clowns, Indeed!

It is almost comical to watch the CNBC hosts twist and spin and wiggle to be 'positive' when everything is going awry.

I just heard one of their gray-haired, serious-looking guests say that though he wouldn't pick a bottom, there is great value in this market.

Ha! Ha! Ha!

And he said it with a straight face.

This market is vastly over-valued.

Every single company that must buy oil/fuel for product manufacture, or for distribution of product, or for sending out service vehicles, or has to fly around staff is going to see diminishing profit. That's most companies, by the way.

Furthermore, there is no prospect for the price of petroleum to come down in the foreseeable future. The truth is that unless you are an on-air employee of CNBC, we all know that this market and economy are on a downward spiral ... down, down, down.

I guess it isn't really all that comical, is it?

[Greyhound]

9. "This market is vastly over-valued", and that doesn't even take into account

that most of the large caps are nothing but hollowed out shells. The one I work for as an example, is the world's largest corporation in the field, and the whole company has been outsourced except for executives and their support. Purchasing, design, manufacture, repair, customer service, everything, is out-sourced.

If it was to declare bankruptcy tomorrow, there are no assets left to sell or seize, just paper.

[islandmkl]

4. most cheerleaders are unaware of the actual events on the field..

play by play...if someone cues them wrong, they will lead a cheer when their own team fumbles...oblivious to the reality of the current state of the game...

or, are we just in a 'correction' and the market will take care of itself???...

asshats don't care what actually happens, they just want everybody to keep playing...

[Bolo Boffin]

5. Freddie Mac, Fannie Mae Plunge on Capital Concerns

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7h8YGimqxaQ&refer=home

I hate headlines like that.

[aspergris]

6. CNBC is a contrarian indicator

I trade several hours a day. I NEVER watch CNBC while trading.

It's ridiculous.

[Warpy]

7. Watching my dad gawp at the ticker 8 hours a day

was like watching him at the race track, jubilant with every point rise, cast into despair by an equivalent fall.

I guess I should count myself lucky it was the stock market instead of the race track since that's what he left me to live on, but it was still odd to watch.

I think most investors are like my dad, wildly optimistic when the market is up, ready to pinch pennies until Lincoln groans when it's down.

As I've said many times, I fully expect the market to trend down until Stupid is long out of office. The soonest I think we can see any improvement is a year from now when about 90% of the iffy mortgage paper has defaulted and everyone knows the extent of the damage. It isn't a probability, only a possibility.

Conservative economics from both parties have now run their course and we'll be lucky to avoid a full blown depression.

[Javaman]

10. like cheerleaders on the Titanic...

"we aren't sinking as fast!" "we aren't sinking as fast!" Rah Rah Rah...

[ShaneGR]

11. What's bizarre is, it's going to become impossible to raise taxes on corporations....

The loss so far this year has been staggering, I believe the overall loss to US stocks since Jan 1 is over 1 trillion dollars now.

[ChimpersMcSmirkers]

12. Let's see how they like it when the S&P and the rest of indices breakdown...

The next leg is going to be down...short 'em while you can