Seeking Advice

Tuesday Outlook: Commodities, Global Markets

Dave, I always appreciate your charts but can't watch CNBC since they have such a ridiculous bias (consistently uber-bullish and consistently politically very conservative). While biases are normal for all of us, they lead to a lot of mistakes and misinterpretations. Following CNBC's recommendations and advice is generally perilous as I've learned the hard way. Hence, the accurate comments above from basehitz. I'd recommend to you and anyone else to follow Bloomberg instead, more information, much less hype.

It's hard to argue with the market manipluation theme. The gov't is providing money to banks who are funneling it to the trading desks. Seems the banks are using the money to trade and make money which obviously helps their bottom line and ability to pay back TARP so the executives can get back to their uncontrolled salaries and bonuses. I don't see the green shoots and still have no clue what the underlying fundamentals are. No administration wants the market to fall on their watch so they take extraordinary actions to keep it from plunging.