Oh, don't get me wrong. I agree that the current model cannot be sustained and will have to end badly at some point in time. I also agree that most of CNBC is market cheerleading, though many of the traders on some of their shows like fast money are acknowledging that the economy is very weak and companies won't be able to hide behind "cold weather" as an excuse forever. As traders we have to keep a balanced and objective approach to stand any chance of being successful. I think ZH has done a great disservice to many investors. It reminds of the old board capitol stool (are they even around anymore?) where all the perma bears commiserated while everyone else was making money.
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