Santelli vs. Liesman and the PPI - 9:25

More from Santelli and CNBC - Rick at his best - again

Santelli tells it like it is - again - from CNBC - 12:00

Ron Paul on auditing the Fed - CNBC interview - 9:46

Bonus post - video from last Friday's Fast Money - Truth?

Once in a while, someone slips and makes some sense on the pumpfest channel known as CNBC. In this video, Melissa Lee corrects Rick Santelli on the market acting as a crystal ball into the future. Of course Santelli doesn't tell her what she wants to hear. Debbie Downers need not apply to the soon to be owned by someone else (Comcast)wing of the General Electric well connected propaganda channel.

Bonus post for some entertainment - courtesy of CNBC - 6:30 pm

Sometimes a blind squirrel finds a nut. Today, a couple of nuts were found hiding in the CNBC slobberfest over Warren Buffet's purchase of Burlington Nothern (BNI). Between that story, which was spewed by an anchor every 10 minutes, or flashed on the screen by the minute, the rest of the day was dedicated to Charlie Gaspario's new book. Frankly, even though I have heard the plug a gazillon times, I don't know what the name of it is. Sorry Charlie. Around lunch time, we get this gem from Steve Liesman and Rick Santelli concerning FED policy and the dollar. IMHO, one gets it and one don't. You decide. He said what? Anyway, not to be outdone, the Fast Money crew, carried on the Warren Buffet slobberfest about the BNI purchase. "Buffet's bet on America." or some silly thing was the mantra. Oh Yipee!!!! You would have thought he just had a damn orgasm. To bring them back to earth a bit, they got to have a conversation with noted bear, Peter Shiff. Not surprisingly, Shiff had an entirely different view of what is now Buffinton Northern. Remember, all this is related. The dollar affects everything, it has buying power, or maybe not. There are two sides to a trade, and there are various reasons to be on whichever side you pick. But, this time, is it a zero sum game, someone wins, and someone loses. In this case, perhaps, one side makes money, but everybody loses. Sounds to me, if I understand what Shiff says, Buffet is betting against America. A weak dollar is not a win for Joe 6 Pack. Funny how CNBC makes fun of the people who are trying to tell us the truth.

Santelli explains chart patterns - 2:20pm

Good explanation on how chart patterns "can" signal a reversal in the market:

From CNBC this morning. Santelli at his best again.