
Douiga Kess--Assistant
7.8K posts






Insider trading on these bloody headlines is running rampant







Remember, nearly EVERY opinion that was confidentally delivered on @cnbc over the last two months were totally wrong: 1. There is economic risk. (The threat to global economic growth is obvious) 2 There is geopolitical risk (Duh!) 3. There is interest rate and inflation risk. (Inflationary expectations, actual inflation data and interest rates are rising in unison) 4. There is credit risk. (Credit spreads are widening in a dramatic fashion) 5. There is corporate profit risk. (Demand is moderating and input costs are rising) 6. There is valuation risk. (S &P multiples have dropped from about 22x to 20x) Remember it was only 45 days ago, as I wrote in my Diary @thestreetpro, when the panelists (shockingly) on @HalftimeReport literally could not find one potential market negative. (I am not making this up - go to the tapes!) Why in the world does SLINK, Farmer Jim, Drawdown, et al continue to parade on the network with smiles on their faces? (I am told, as I no longer watch!) Are the producers and show moderators tone deaf, unaware of the factors (above) that have contributed to the quick market drawdown or do they simply not give a damn? My comments are direct but not ad hominem. The observations are unassailable and based on archived videos of previous shows. @gnoble79 @KeithMcCullough @SamofAmerica @HedgeyeDJ @dougkass









