Category Archives: Snark

Those Putzes on CNBC

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In case you missed it during the many instances I mentioned it here and on Twitter, I contracted a virus. Mercifully, it seems to be on the wane (hurray, Tim’s immune system!) but while I was in the throes of my illness, I did something I hardly ever do, which is turn on CNBC (the total amount of television I watch in a year is probably a few hours, at most, and I only vomit my way through CNBC viewing during Fed announcements).

Anyway, the topic of discussion was General Electric (GE), which is my largest non-ETF short position. I took this screenshot earlier today, although I think it fell lower…………

0706-geclose

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Numb Skull

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I’m not the sharpest knife in the drawer, and sometimes it takes me years for a truth to sink through my thick skull. Allow me to give you a couple of examples.

The first has to do with buying gold bullion. Now, I’m not a gold kook, but I’m fond of coins and bullion to some degree, and there have been instances when I got the urge to buy the stuff. Usually this would come after a long bout of strength on gold’s part, and I just couldn’t help myself anymore, so I rushed out and gobbled up whatever I wanted at my local dealer.

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