Everyday, someone on MSNBC calls a "market bottom"...

http://www.thestreet.com/story/10467351/2/kass-bottoms-up-mr-market.html

Frankly, I am so tired of the manipulations. When the market goes down, MSNBC scrambles
to define a horrendous trading day--as a golly-gee-whiz buying opportunity.

They trod out their latest talking head, who calls it the bottom of the market and urges
everyone to buy, buy, buy--or at least stay in the market.

No one knows if this is the bottom. But MSNBC is right there---putting out that silver lining--in
a manipulative attempt to keep the elites still raking in the big bucks. If they can convince
us to jump in or to stay---their corporate masters make a killing.

I'm so tired of this. It's such a game. It's such an insult to our intelligence.

It seems like every day the media finds a new hyperbole to describe the ever sinking economy.

because if past patterns hold true, we're headed for 4000 if we're lucky, under 1000 if we are not.

There is nowhere to run, nowhere to hide, and we won't know what the smart people are doing until it's all over and we can figure out who they are.

"Floor," my flabby old ass.

The bottom is a long way away, and they all know it.
They don't even fool anyone.... not sure why they keep trying.

They've become a bizarre propaganda outlet.

Wishing for the total destruction of the world economy and financial systems "at Obama's hands" and at the same time trying to prop up their bloated portfolios.
They are basically schizophrenic.

Breaking: Breaking: Obama Called Equities Bottom
Mar 03, 2009, 12:45pm

Sitting with British Prime Minister Gordon Brown a little while ago, Obama reassured Americans that now is the time to buy stocks for the long-term. Mar 03, 2009, 12:45pm

http://dealbreaker.com/2009/03/breaking-obama-called-equties.php

...because it's total bullshit.

That doesn't sound like the wise and prudent Obama that we all know.

No one, including the POTUS knows where the bottom is, and frankly--I'm wondering
on what exactly would a comeback be based? Americans aren't spending. They're
terrified. More jobs are being lost and there are more home foreclosures.

We don't even know if the banks are solvent.

Sheesh.

but if this is true I think it is terribly irresponsible for the POTUS to do. if the market falls significantly from it`s current level this statement will come back to haunt him....

...and after re-thinking this, I highly doubt that this is what he said.

Obama is not a fool.

WASHINGTON (MarketWatch) - President Barack Obama said Tuesday he's "absolutely confident" that the global economy will recover, and suggested that stocks might be a good buy now that prices have fallen so hard.
"Profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it," Obama told reporters.
Obama met with U.K. Prime Minister Gordon Brown in the White House for lengthy discussions about the economic crisis and shared security concerns. Brown will address a joint session of Congress on Wednesday.
Asked what he thought about the big sell off in the stock market, Obama said he was "absolutely confident that credit's going to be flowing again, that businesses are going to start seeing opportunities for investment, they're going to start hiring again. People are going to be put back to work."
Obama said the stock market "bobs up and down day to day," adding that anyone who worries about the market all day will probably get the long-term strategy wrong.
The banking system has been dealt a heavy blow, Obama said. "It's not surprising that the market is hurting as a consequence."
"We dug a very deep hole for ourselves," the president said. "There were a lot of bad decisions that were made. We are cleaning up that mess. It's going to be sort of full of fits and starts, in terms of getting the mess cleaned up, but it's going to get cleaned up."

he slept with Kristie Alley's character, Rebecca Howe ...

In the envelope, it said "Today, mm/dd/yy, I will sleep with Rebecca Howe!"

The reader was amazed, asked how he knew that ...

Sam said "I write a new one every morning. And when I don't sleep with Rebecca, I tear the old one up and throw it away."

(to that effect ...)

So, every day, someone says "It's hit rock bottom, it won't go any further." One day, they'll be right.

Like I say ... "Live every day as if it were your last ... for one day, you'll be right ..."

"He who pick bottom have shitty finger."