Wednesday, October 5, 2011

CNBC rumor mill - October 5th

And for the second day in a row, the DOW jumps over 100 points in the last hour on.... wait for it...

anothter rumer at the House of Fed, better known as CNBC.

  • GASPARINO SAYS MS CEO TELLING INVESTORS EVERYTHING IS 'OK'
  • GASPARINO SAYS MS CEO TELLING EXECS 3Q RESULTS TO BEAT GOLDMAN
  • FOX'S GASPARINO SAYS MORGAN STANLEY CEO SAYING 3Q LOOKS 'SOLID'  - Zerohedge
Does anyone not find it strange that two banks would 'drop' info on their quarterly earnings well before earnings season is to begin?

Obviously not in the Bizzaro world of CNBC, where fundamentals and technicals have no place in the markets of HFT and RUMORS.

Buy on rumor, sell on rumor... truth is for God to worry about.

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