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XMFSinchiruna (26.50)

The Recession is Over!!



June 29, 2009 – Comments (17)

Did you hear the news, Fools? The Great Recession is OVER!!!! Slap on your party hats and prep your confetti ... it's celebration time!

Thank goodness we can all breathe a huge sigh of relief!


This guy is such an unbelieveable dufus hack shill!!!

I wonder how many out there might be taking this ridiculous call seriously ... from the same dufus who didn't concede we were in a recession even as late as April 2008! (see 7 min. mark of this video).

They should Cap & Trade the CO2 coming out of Dennis Kneale's mouth ... make him pay for the right to pollute the minds of the masses with mindless, bankrolled drivel.


17 Comments – Post Your Own

#1) On June 29, 2009 at 3:05 PM, alstry (< 20) wrote:

And I just called the beginning of the DEPRESSION!!!!

A 10% decline in GDP!!!!!

No wonder I always seem a bit out of step;)

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#2) On June 29, 2009 at 3:29 PM, XMFSinchiruna (26.50) wrote:

You've been bombarded by enough mind-numbingly useless commentary like the Kneale drivel above to last a thousand lifetimes. Now it's time to saddle up for the straight-talk express.


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#3) On June 29, 2009 at 4:01 PM, jesusfreakinco (28.23) wrote:

Dennis Kneale is the most incompetent financial commentator that ever existed.  I cancelled CNBS a few months ago and haven't missed it for a minute.


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#4) On June 29, 2009 at 4:06 PM, TMFDeej (97.65) wrote:

I completely agree with you about Kneale, Sinch.

OK, let's take an informal poll.  Rec if you agree with me.  Dennis Kneale has to be the most annoying person in the world.  I absolutely cannot stand the guy.  I know a ton of people who feel exactly the same way that I do.  How on Earth is this wiener still on CNBC? 

Not only does he look irritatingly like some strange clone that was created using the DNA of Dilbert and Beaker from the Muppets, but he's abrasive and usually has absolutely no idea what he's talking about.  He's so bad that I have to change the channel during Power Lunch.  He burns my ears and makes me want to stick a hot poker in my eyes.

Is it just me, or is Dennis Kneale the most annoying person in the world?


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#5) On June 29, 2009 at 4:15 PM, automaticaev (< 20) wrote:

this recession was ok at first but i am sick of it now.  How long has it been several months?  This is getting old.

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#6) On June 29, 2009 at 4:24 PM, VintageCat (< 20) wrote:

Hack. Tool.  It hurts me to watch him.

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#7) On June 29, 2009 at 6:43 PM, AdirondackFund (< 20) wrote:

@ automaticaev

Yeah, I know what you mean.  After just a few months of Depression it does all get very old quickly.  You need a change of pace.  Perhaps something more bullish would suit your palate. 

Of course, my Grandfather would disagree with you.  He thought the Recession was over in 1929 because 1928 was such a terrible year for Business overall.  In fact, according to him, 1928 was the worst of the Depression years.  Of course, it took about 18 months for the market to make it's move after doing a dry run to the downside in 1928.  Then there was this Bank Thing that happened in 1932.  Noboby was really feeling like getting all excited about that either, since all of the Banks went broke.  No, I'd say by summer of 1929, everyone was pretty sure the sharp selloff of 1928 was behind them and they were ready for more cheerful things. 

Of course, that's not what happened, and rarely does if you think about it. 

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#8) On June 29, 2009 at 8:51 PM, AdirondackFund (< 20) wrote:

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#9) On June 29, 2009 at 9:05 PM, russiangambit (28.71) wrote:

On the same CNBC this morning in the squack box you had Larry Levin and Rick Santelli openly talking about government manipulation and back stopping of the market pushing it higher. Hmm, I though this is illegal? I couldn't belive my ears. It is one thing for me or other bloggers to rant about it , but to hear it on CNBC, it is something.

As for Dennis Keale, I am not sure whether he is brain dead or he is only paid when the market goes up. The same with Larry Kudlow. Or may be they get a bonus only in the up years.

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#10) On June 30, 2009 at 12:39 AM, biotechmgr (< 20) wrote:

I said this as well that Dennis Kneale is a big shill and a Larry Kudlow wannabe. Hey but we all know what CNBC is there to do, pump up the confidence of the small investor, er, sheep to be sheared by the likes of GS and other WS money grubbers.

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#11) On June 30, 2009 at 2:38 AM, uclayoda87 (28.54) wrote:

kdakota630's CAPS Blog

Peter Schiff on CNBC - June 26, 2009


Schiff's opening lines are priceless.

Even when Dennis tries to "Stack the Deck" he still loses.


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#12) On June 30, 2009 at 3:08 PM, cnbcwatcher (< 20) wrote:

Hey Sinchiruna,

I'm a producer with Dennis Kneale's show. I'm interested to know your availability to be a guest on tonight's show (6/30.) I invite you to let Dennis have it about his declaration that the recession is over.

Here's my number. Please call if you are interested 

(201) 735-3079 


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#13) On June 30, 2009 at 8:17 PM, skeptic86 (39.80) wrote:

thats pretty short notice... anyone call?

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#14) On July 01, 2009 at 10:15 AM, TMFWizard (88.94) wrote:

Well, it appears that Mr. Kneale was able to interview one blogger, albeit it briefly.



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#15) On July 01, 2009 at 11:10 AM, XMFSinchiruna (26.50) wrote:


It would have been pretty tough for me to work that into the nutty day I had yesterday, but even if I had been available, I'm really glad I didn't participate after seeing the segment through your link above (thanks for posting it). 

The guest did indeed raise specific counter-claims to the data Kneale cited, which Kneale promptly ignored and continued with his scripted tirade of retribution against the justifiably cold reception he receives in the blogosphere.

If he's going to quote what bloggers say about him, he could at least have quoted my Cap & Trade quip from above... now that would have been entertaining. :)

My sole interest is in professional, rational debate. Kneale's performance was neither.

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#16) On July 01, 2009 at 12:08 PM, XMFSinchiruna (26.50) wrote:

Then again ... admittedly, I've contradicted myself. Some of the words I used above did not constitute "professional, rational debate". In keeping with the standards of mutual respect that you've all seen me endeavor to uphold here in the CAPS blogosphere, I wish I'd focused more on the message than the messenger.

My opinions about a particular pundit, strong as they may be in this case, are irrelevant to the Foolish discussion of the ideas presented.

I can rip his claim about the recession being over to shreds using a mountain of contrary evidence, which is what I will seek to do in an upcoming article or blog post.

To err is human ... to learn from it is Foolish. :)

Fool on!




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#17) On July 02, 2009 at 12:31 PM, EatYouLunch (27.48) wrote:

They should Cap & Trade the CO2 coming out of Dennis Kneale's mouth --- Not going to happen 

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