This is Jeff Macke on Yahoo Finance yesterday explaining why he thinks the stock market is "acting crazy."
He says it is falling simply because it is October and there are "global concerns" and people are scared of ebola stories on TV.
This is all complete and total nonsense.
The stock market bull market is over and the internals in the stock market disintegrated in September.
Now the major market averages are following their lead.
This is a serious situation and if I am right and this is the start of a bear market most people are going to LOSE a lot of money.
But Macke cannot talk about that.
Macke was bullish on the market at the top in 2007 and is simply telling people to hang on and continue to believe. Hold forever and lose is his advice.
He says all of this without blinking to show how tough he is.
I don't know what type of person this Macke is.
He looks and talks like a nut to me.
But if you notice the video is sponsored and paid for by Merrill Lynch so maybe he is merely delivering the message that his owners require of him.
Or he is the best person they could find to do this for them even if he is a fruit loop.
There is no way truth seeking or independent thinking is capable of him or the others on Yahoo Finance when they are funded by Wall Street interests.
This is why Aaron Task who used to do real journalism has become just another bubble boy on Yahoo Finance too.
Are they men crazy enough to believe what they say or simply people who will say anything for Wall Street money and video fame?
When they open their mouths it is Merrill Lynch platitudes that fly out.