Thursday, June 19, 2008

How to Read This Blog

When I have CNBC on I will comment in a real-time basis.

Rick Santelli is good and worth listening to because he is standing on the floor of the Chicago Mercantile Exchange. Traders on this market do not care whether the market goes up or down and therefore do not pull their punches about what they think. Almost everybody in New York Wall Street has a bias to the upside and therefore use "cover" words that the unitiated do not "get." Or worse, they just are bullish forever.

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