Friday, March 6, 2009

Hope is NO Way To Invest!

Its a video Friday!

I thought this was one of the better clips that I have seen recently on CNBC. Anyone that plans on investing over the long term needs to watch this video. Stocks don't always go UP folks. The days of "buy and hold" are over:






On a lighter note:

This week so was depressing that I thought I would end the week with a few laughs. I fell outta my chair after watching this I was laughing so hard. I will never understand why anyone ever trusts "bubblevision" when it comes to investing.

Make sure you watch the whole thing. The end is the BEST.





Lets all hope thing improve next week. Have a drink tonight and try and forget about the stock market over the weekend. Thats my game plan!

I will see you all tomorrow!

6 comments:

Anonymous said...

Don't forget the doom bunker.


http://www.colbertnation.com/the-colbert-report-videos/220650/march-04-2009/doom-bunker---jack-jacobs-and-stephen-moore

Avl Guy said...

Its not Santelli's fault that the same stupidity u find with mortgage holders are also found on CNBC. Not impressed by Jon Stewart on any given night, and that segment didnt help. He mis-represented Santelli; Rick never said mortgage buyers should follow CNBC's advice.

Jon's motto is: never let facts get in the way of an opportunity to get a cheap laugh from a clueless 20-something cable audiences...and the sponsors who chase em...until they become broke-@ss jobless 20-somethings.
LOL

Jeff said...

Anon

Classic!

Avl

SAntelli was definately unjustly thrown under the bus.

I just loved the second half of the video that mocked how inaccurate these morons are with their calls!

CNBC is a joke.

Complacent Panda said...

Yeah, I thought Santelli was severely misrepresented as well. If I'm correct (and I may be wrong since I don't watch CNBC very often at all--mostly just through youtube) Santelli was against bailing out "loser" corporations as well as "loser" homeowners. Stewart certainly made it sound like Santelli wanted all the money for the failed bankers.

I dislike both sides of the aisle, but still think Jon Stewart/Colbert have their moments. The CNBC section for instance (albeit it has been done many times before on youtube).

johndaniels said...

Comedy Central..

GREAT VIDEO!

smackdown

jeff said...

Yeah

I loved everything after the Santelli part.

Classic.