CNBC is notorious for its cheer leading for markets when they are going up. They even go to the extent to discredit any voices of reason for urging caution against insanity in markets. They got to cheer for DOW 10,000 – twice. Well, they must be devastated to see the magic line cross again today, on the down side.
I am a professor by trade and 100% pure Gongura Gulute by birth. I believe in “survival of the fittest” mantra, but my philosophy is to “live and let live.” Therefore, I am at neither extremes of the political spectrum. I am an independent and I love it that way.
