I can't remember exactly, but I will paraphrase what Santelli said a few minutes ago.
"Who would have thought a falling dollar, a not so good jobs report, that was revised upward over the last two months, would look so good.
Thank you, finally someone on the cheerleaders channel told the damn truth.
That may cause the CNBC cheerleading grade top move up a tad today.
It doesn't look good, and this will not end well.
****
Update 3:30 PM
This little tidbit just crossed the screen.
Google (GOOG Quote) estimates, target raised at Bernstein to $600. Estimates increased to reflect the potential for economic improvement by the end of the year. Outperform rating.
GOOG is trading at 409.20 as we speak. That would roughly be a 50% increase. Not even considering they were trading at 300 in early March.
Ok, whatever. Based on what? Just like all these other upgrades they are passing out like candy - based on what? Earnings?
When did earnings matter?
Friday, May 8, 2009
Thank you Rick Santelli - Finally someone tells the truth - 3:20 PM
This is a chart of the dollar index ETF. It has been going down today, quite a bit by currency standards.
I can't remember exactly, but I will paraphrase what Santelli said a few minutes ago.
"Who would have thought a falling dollar, a not so good jobs report, that was revised upward over the last two months, would look so good.
Thank you, finally someone on the cheerleaders channel told the damn truth.
That may cause the CNBC cheerleading grade top move up a tad today.
It doesn't look good, and this will not end well.
****
Update 3:30 PM
This little tidbit just crossed the screen.
Google (GOOG Quote) estimates, target raised at Bernstein to $600. Estimates increased to reflect the potential for economic improvement by the end of the year. Outperform rating.
GOOG is trading at 409.20 as we speak. That would roughly be a 50% increase. Not even considering they were trading at 300 in early March.
Ok, whatever. Based on what? Just like all these other upgrades they are passing out like candy - based on what? Earnings?
When did earnings matter?
I can't remember exactly, but I will paraphrase what Santelli said a few minutes ago.
"Who would have thought a falling dollar, a not so good jobs report, that was revised upward over the last two months, would look so good.
Thank you, finally someone on the cheerleaders channel told the damn truth.
That may cause the CNBC cheerleading grade top move up a tad today.
It doesn't look good, and this will not end well.
****
Update 3:30 PM
This little tidbit just crossed the screen.
Google (GOOG Quote) estimates, target raised at Bernstein to $600. Estimates increased to reflect the potential for economic improvement by the end of the year. Outperform rating.
GOOG is trading at 409.20 as we speak. That would roughly be a 50% increase. Not even considering they were trading at 300 in early March.
Ok, whatever. Based on what? Just like all these other upgrades they are passing out like candy - based on what? Earnings?
When did earnings matter?
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