Wednesday, November 26, 2008

The Media's Desire For An Uptrend

Take 5 minutes to watch this interview. I watched it live last week.
Forward to 1:50 on the video to listen to Peter Schiff. His perspective is intriguing, but more interesting to me is the mindsight and behavior of the panel at FastMoney. Note the facial expressions on the show's panel. They just don't want to hear anything that says stocks are going to decline. It shows how we've all been trained to says stocks, stocks, stocks. The media and these financial shows always want a rising market. Watch Cramer on Mad Money for one night. It's not entertainment when the market is cratering.

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