CNBC has had a “special report mini series” every evening for weeks now, as the markets hit new lows, called “Is Your Money Safe?” Instead of highlighting the brilliant geniuses and short sellers that called this disaster, they continue to roll out the same dead beat pundits who have been wrong over and over for years. The insult to injury is that it’s hosted by Larry Kudlow, who I do like, but Larry has been a buyer of the market everyday without exception since the halcyon days of 14,000.
CNBC should really think of portraying both side of the market a little more. They haven’t done anyone any favors for a good long time.