I saw this over at Andrew Sullivan’s blog and boy was it hard to watch. It brought back so many bad memories of watching the Art Laffers and Larry Kudlows of the world mix politics with the markets. There were several times when my wife had to remind me that no matter how much I screamed at the TV, those perma-bull fools would never hear me.
I wish someone would put together some more of these videos, only with different market players. I can remember seeing Barry Ritholtz (who made an excellent buy call today) going on several of these shows and getting laughed at for warning the country of the coming calamity. Sometimes it would get so bad that they would question the patriotism of any guest who would dare to be bearish.
The writing was on the wall for years and anyone could have been as right as Ritholtz and Schiff if they only took an objective look at reality. Don’t let any “market guru” tell you that they couldn’t see this coming. If you do hear it, don’t ever trust a single word that person says again!
Jim Rogers is one man that was right on the money!!! Keep listening to him.
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