Friday, March 13, 2009

Buy Low Sell Die!

Jon Stewart:

"CNBC could be an incredibly powerful tool of illumination for people that believe that there are two markets. One, that has been sold to us as long-term. … Then there’s this other market, this real market that’s occurring in the backroom where giant piles of money are going in and out and people are trading them, and it’s transactional and it’s fast. But it’s dangerous and ethically dubious and it hurts that long-term market. So what it feels like to us, and I’m speaking purely as a layman…it feels like we are capitalizing your adventure by our pension, and that it is a game that you know, that you know is going on, but that you go on television as a financial network and pretend it isn’t happening."

No comments:

Post a Comment