Saturday, March 14, 2009

Pollyanna's Puzzle

This post is a rewrite and expansion of a comment I left on Paul Kedrosky's Blog.

CNBC faces a conundrum and an impossible task; bearish news drives away advertisers. No where on the front page of their website is there the slightest indication that there may be another shock and another leg down in the market. So are they grasping at straws or is luck with them this time? I'm sure that buried somewhere in the articles they've hedged their bets and have warned that this may not be over.

I myself have been decrying the lack of confidence in the messages from the White House and Treasury, a bearish message from there is a self-fulfilling prophesy... So what's a cheerleader to do?

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