I just flipped on CNBC and randomly caught a debate titled “bull v. bear” between Brian Belski of Piper Jaffray (as the bull) and Michael Metz of Oppenheimer (as the bear). They both argued for 10 minutes about whether the stock market was bullish or bearish.
Thoughts on this exchange:
1. Neither of them know the answer.
2. Do the people that run CNBC really believe this kind of debate serves a purpose or is it just some Crossfire-like info-tainment?