Joe Saluzzi - Bull Market Trap; Bloomberg, Oct. 29, 2009 (10min.)

[LargoWinch]

"The stock market is a casino" - Saluzzi



Runtime: 10min.

[Down Under]

Re: Joe Saluzzi - Bull Market Trap; Bloomberg, Oct. 29, 2009 (10min.)

Very interesting; the financial talking heads have no idea. First time I've heard Saluzzi, definitely seems to be on the money as far as what is actually going on.

Thanks for posting.

[pksubs]

Re: Joe Saluzzi - Bull Market Trap; Bloomberg, Oct. 29, 2009 (10min.)

Wow!!

I can't believe the pressure being put on this Saluzzi guy to do the warm and fuzzy instead of the 'party's over, crash imminent' line. The woman anchor especially was pretty aggressive in trying to argue him down instead of trying to understand what he was saying. How many times did she say "But, it's better now..." ??

Thanks for posting..

[dummass]

Re: Joe Saluzzi - Bull Market Trap; Bloomberg, Oct. 29, 2009 (10min.)

Wow!!

I can't believe the pressure being put on this Saluzzi guy to do the warm and fuzzy instead of the 'party's over, crash imminent' line. The woman anchor especially was pretty aggressive in trying to argue him down instead of trying to understand what he was saying. How many times did she say "But, it's better now..." ??

Thanks for posting..

Perhaps she really doesn't get it. Her life probably hasn't changed much; she has the same job and pay; she is surrounded by the same people (similar to herself); and the rest is just statistics and numbers. When your in the news business, you become accustom to telling irrelevant stories. IMO, People in the "news business" are the least informed of all. My brother in law is in a similar position and he doesn't get it either. He keeps telling me that nothing has really changed.

[cjppjc]

Re: Joe Saluzzi - Bull Market Trap; Bloomberg, Oct. 29, 2009 (10min.)

Well you have to give Bloomberg some credit for having him on. He is an articulate spokesperson for the emperor has no clothles brigade.

[LargoWinch]

Re: Joe Saluzzi - Bull Market Trap; Bloomberg, Oct. 29, 2009 (10min.)

My brother in law is in a similar position and he doesn't get it either. He keeps telling me that nothing has really changed.

Don't worry dummass, your brother in law will get it once EJ's "inflationary tears" materialize [also known as POOM for the informed].

[Verdred]

Re: Joe Saluzzi - Bull Market Trap; Bloomberg, Oct. 29, 2009 (10min.)

Perhaps she really doesn't get it. Her life probably hasn't changed much; she has the same job and pay; she is surrounded by the same people (similar to herself); and the rest is just statistics and numbers. When your in the news business, you become accustom to telling irrelevant stories. IMO, People in the "news business" are the least informed of all. My brother in law is in a similar position and he doesn't get it either. He keeps telling me that nothing has really changed.

I think people assume that there is cynicism lurking behind - ahem - journalists - double ahem - people like this. I doubt it. Just like the CEOs they emulate (I also count rappers in this category, mimicking the "CEO bling life") they are super-confident. Ehrenrich just came out with a book "Bright sided" I think gets more into this. I've listened to those tapes about "attracting money" to oneself and these people, no offense to your brother in law, essentially brainwash themselves, often willingly and knowlingly, to be positive and remain confident. How else are you going to struggle through the inevitable difficulties in becoming a... CEO, business news anchor, or signed rapper?

The problem we face as a nation (and the reason i don't think we'll solve many of the problems we have like economy or peak oil) is that the solutions that are easiest and right in front of us are all the ones that would require us to admit we've overreached a bit and need some restraint, to live modestly simpler lives. But the people in charge, the successful handsome rich people running everything are A-types who think that if we just push ahead a little bit farther we'll see the break in the clouds.

To run on a bit, take peak oil: isn't 87 million barrels of liquid fuels a day good enough? How many WOULD WE HAVE NEEDED had we planned all this shit out in the 70's? But all the leaders would hear is the patronizing voice here: good job humanity, 87 million, I am so proud of you, I can tell you worked really really hard on that oil production.

"No," they would say, "we can do more, we can explore the arctic," etc...

2-bit psychology, at your service.

[dummass]

Re: Joe Saluzzi - Bull Market Trap; Bloomberg, Oct. 29, 2009 (10min.)

I think people assume that there is cynicism lurking behind - ahem - journalists - double ahem - people like this. I doubt it. Just like the CEOs they emulate (I also count rappers in this category, mimicking the "CEO bling life") they are super-confident. Ehrenrich just came out with a book "Bright sided" I think gets more into this. I've listened to those tapes about "attracting money" to oneself and these people, no offense to your brother in law, essentially brainwash themselves, often willingly and knowlingly, to be positive and remain confident. How else are you going to struggle through the inevitable difficulties in becoming a... CEO, business news anchor, or signed rapper?

The problem we face as a nation (and the reason i don't think we'll solve many of the problems we have like economy or peak oil) is that the solutions that are easiest and right in front of us are all the ones that would require us to admit we've overreached a bit and need some restraint, to live modestly simpler lives. But the people in charge, the successful handsome rich people running everything are A-types who think that if we just push ahead a little bit farther we'll see the break in the clouds.

To run on a bit, take peak oil: isn't 87 million barrels of liquid fuels a day good enough? How many WOULD WE HAVE NEEDED had we planned all this shit out in the 70's? But all the leaders would hear is the patronizing voice here: good job humanity, 87 million, I am so proud of you, I can tell you worked really really hard on that oil production.

"No," they would say, "we can do more, we can explore the arctic," etc...

2-bit psychology, at your service.

I'm sorry, but did you say that Bloomberg's Carol Maser (the one who brings us "The Muse" ) is part of a "Type A" conspiracy campaign?

[goadam1]

Re: Joe Saluzzi - Bull Market Trap; Bloomberg, Oct. 29, 2009 (10min.)

I'm tired of the casino metaphor. It's more like selling snake oil.

"Can I interest you in some emerging market reit bonds."

[metalman]

Re: Joe Saluzzi - Bull Market Trap; Bloomberg, Oct. 29, 2009 (10min.)

I'm tired of the casino metaphor. It's more like selling snake oil.

"Can I interest you in some emerging market reit bonds."

'it's a casino, i tell ya...'