I heard the new Fox Business channel tag line the other day: ‘Facts, not fear.” All you need to do is watch a few minutes of CNBC each day to see how they are slanting the news. They run the negative side of data and news for a few days, and it seems for no reason will switch to the positive side for a few days. As boring as it is, data is all I need (facts).
If CNBS told the truth there would be no chearleading for a stimulus or .25 Fed rate, there would be no one calling a market bottom and there would be no one talking about improvement before 2010.
They simply don’t do a good enough job telling people the truth which is pretty dour right now.