This guy is the biggest knob I've ever seen in my life. He relies on a research note today by the geniuses at Merrill Lynch, which has a habit of being the ultimate fade (Blodgett in 1999; housing in 2005), as proof that his call was right.
Before you hastily criticize me for coming to that conclusion, watch the tape:
<param name="type" value="application/x-shockwave-flash"/>
<param name="allowfullscreen" value="true"/>
<param name="allowscriptaccess" value="always"/>
<param name="quality" value="best"/>
<param name="scale" value="noscale" />
<param name="wmode" value="transparent"/>
<param name="bgcolor" value="#000000"/>
<param name="salign" value="lt"/>
<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1183009725/code/cnbcplayershare"/>
<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1183009725/code/cnbcplayershare" type="application/x-shockwave-flash" />
</object>
This guy is the biggest f**king turd on any so called financial medium of all time, and that's saying quite a bit.
Even Kudlow and Laffer were bearish in the segment before knob-job Kneale's. Zuckerman referred to the employment conditions as "abysmal" and went so far as to say that they can't be deemed a lagging indicator anymore, and that all we'll continue to lose 500,000 jobs per month, minimum, for a long time.
Here's Kneale having his head handed to him by none other than Laffer and Zuckerman:
<param name="type" value="application/x-shockwave-flash"/>
<param name="allowfullscreen" value="true"/>
<param name="allowscriptaccess" value="always"/>
<param name="quality" value="best"/>
<param name="scale" value="noscale" />
<param name="wmode" value="transparent"/>
<param name="bgcolor" value="#000000"/>
<param name="salign" value="lt"/>
<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1182993741/code/cnbcplayershare"/>
<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1182993741/code/cnbcplayershare" type="application/x-shockwave-flash" />
</object>
Before you hastily criticize me for coming to that conclusion, watch the tape:
<param name="type" value="application/x-shockwave-flash"/>
<param name="allowfullscreen" value="true"/>
<param name="allowscriptaccess" value="always"/>
<param name="quality" value="best"/>
<param name="scale" value="noscale" />
<param name="wmode" value="transparent"/>
<param name="bgcolor" value="#000000"/>
<param name="salign" value="lt"/>
<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1183009725/code/cnbcplayershare"/>
<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1183009725/code/cnbcplayershare" type="application/x-shockwave-flash" />
</object>
This guy is the biggest f**king turd on any so called financial medium of all time, and that's saying quite a bit.
Even Kudlow and Laffer were bearish in the segment before knob-job Kneale's. Zuckerman referred to the employment conditions as "abysmal" and went so far as to say that they can't be deemed a lagging indicator anymore, and that all we'll continue to lose 500,000 jobs per month, minimum, for a long time.
Here's Kneale having his head handed to him by none other than Laffer and Zuckerman:
<param name="type" value="application/x-shockwave-flash"/>
<param name="allowfullscreen" value="true"/>
<param name="allowscriptaccess" value="always"/>
<param name="quality" value="best"/>
<param name="scale" value="noscale" />
<param name="wmode" value="transparent"/>
<param name="bgcolor" value="#000000"/>
<param name="salign" value="lt"/>
<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1182993741/code/cnbcplayershare"/>
<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1182993741/code/cnbcplayershare" type="application/x-shockwave-flash" />
</object>