Happy Saint Patrick’s Day!
It seems like reporters go out of their way to find the craziest people to put on camera for a story. It certainly seems to be the case in the financial entertainment community where you can find perma-bear hucksters given the same regard as respected economists and CEOs. When I see one of these jokers on CNBC I think of this video:
I lump people calling for an audit of the Fed, urging a hand-count of gold ETF bullion holdings, and gold salesmen on AM radio in the “I want to know where the gold at” camp.
Then there are the chartists who show a Hindenburg Omen or a Death Cross or a chart with labels on three axes or an overlap of today’s market over a chart of 1929 or 1987. These are the amateur sketch artists of CNBC.
Contributors like Josh Brown do their best to keep a straight face, but can wind up as the lone voice of reason in a sea of leprechaun flute peddlers.
It’s Saint Patrick’s Day in Cleveland. Go eat some corned beef, drink some green beer, watch the parade, and then watch your bracket fall apart.
