brickcityman (< 20)

Beyond the Pale?

September 15, 2009 – Comments (1) | RELATED TICKERS: CNBC , GE

http://www.cnbc.com/id/32859716

I've grown used to CNBC favoring certain data over others...  Treating certain data-points with an un-even hand... And just generally trying to be "positive" no matter what...  But doesn't this go beyond the pale?  Here's a quote:

And that's kept the market relatively flat so far this month

FLAT?? Are you kdding me?  Looking at the 10-day history I see a market that kicked in the teeth at the start of the month but has since risen to a 2-4% gain depending on which index you fancy, and thats just from the start of month... had you bought a little later one you'd have 6% or so to crow about... 

Even Bernie "oww that hurts use more shampoo" Madoff didn't promise people those kind of gains!!  If memory serves he lured people in with a mere 1% per month.