well, according to the propaganda machine known as CNBC, most of their employees will tell you things like.. “recession adverted, we are nearing the bottom of the economic slowdown, it’s time to start putting your money back into the main stock indexes, housing should bottom in less than 6 months…” This guy is a bad offender… http://www.cnbc.com/id/15838058/ Most of their commentary supports and acknowledges the success of govt. bailouts, large rate cuts, stimulus plans and the general philosophy to print our way out of trouble, or to socialize the large asset losses and to prevent them from naturally correcting.
Then there is Cramer who will tell you on a bad day that we are in a bear market and stocks are all guilty until proven innocent, then the next, after the fed slashes rates or bails someone out and the market rallies, he is all giddy and amped up, he will tell you to “buy everything” and that “this is a sign that we’ve hit a bottom”.
