Mike.....OT a little humor gathered from another board
You have to love this Tom Costello idiot from the CNBC nasdaq market site. Every week he has a new support level for csco. Months ago he said that if csco broke 60, it was trouble for the nasdaq. He said the same thing about 55, then 50, then 45, then 40, then 35, then 30, AND THEN HE SAID 2 DAYS AGO..."IF CSCO BREAKS BELOW 25 THIS COULD MEAN TROUBLE!!!!!" The boy who cried wolf was more believable. For the most fun you'll ever have, just tape a whole show of cnbc one day and play it back 1 week later. It's a scream!!! Maria Bartoromo makes Hillary Clinton seem honest. And the stock market guests who come on telling us "We have seen the bottom"......what are they talking about? Whose bottom? Maria's ass?
Joe Battapaglia with his crazy predictions is a scream when you go back a week or 2 in time. I have a tape of this nut from 3 weeks ago recommending JDSU !!!!!! It was in the high 50's......I think the FBI caught the wrong spy. It's Joe Batt who is the traitor. Where did that guy come from anyway? Shouldn't he be in that new XFL football league and not in a brokerage firm?
CNBC, e-Trade, Ameritrade, Goldman Sacks and others have ruined this institution called WallStreet. It is quite a shame, but now we must deal with it. Thousands if not millions got sucked into the excitement of Wall Street and the internet craze. Honest people (I guess) have lost plenty of money due to the hype. CNBC used to go crazy if JDSU, CSCO, Yahoo, and others announced a 2 for 1 split. That would run the stock up like crazy. Remember that? Csco's gonna split, so people went out and bought it like mad. Now they wonder why it's going down. Oh well, it's alot easier to just blame Greenspan......he caused it. Greenspan caused the bubble to collapse. Actually, I wouldn't be surprised if Greenspan got together with Joe Battapaglia, Maria, Tom Costello, and that faggy weather guy (Joe Witty, I think his name is) and planned all this. I think Greenspan knew csco's support wasn't 60. Why do you think Greenspan had csco March 55 puts? Makes you wonder?
And the bond babe......she makes me wait till 8:30am for the PPI and then tells me, it's not this number that will really matter, it's Friday's unemployment that we need to see. So I wait till Friday like a jackass, and then on Friday she says, "I think we better take a look at consumer confidence..." What planet is she from? Every damn number I wait for WASN'T the one I needed. Well that's the good news. The bad news is that I hear a major brokerage house may downgrade Priceline to a neutral. A NEUTRAL? It costs more to buy a pack of cigarettes than a share of Priceline. At least when they take your money in Vegas, you get free drinks and sometimes free comps.
But my favorite is seeing Abby Joseph Cohen who they brush off and drag her ass on tv to tell us that the S and P is 15% undervalued. Honey, you said it was 15% undervalued at nasdaq 3500 three months ago. Keep some notes in your day planner Abby. You're all over the place with your predictions. Overvalued, undervalued, weighted too heavy, underweighted.....Abby, you're full of bull. Go back to playing the mother on Golden Girls, cause you dont know crap about Wall Street.
So invest at your own risk. It's all nonsense these days. The only good thing about CNBC is the ticker on the bottom, and the only good thing about Maria is that she makes me realize my wife isnt as aggravating as I thought.
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