Bill Griffith of CNBC added a few minutes ago:
It’s not so much about the news, its the market’s reaction to the news.
Can someone translate that gibberish for me? Is he really saying:
I have no clue. I am paid to talk. I must say something. What I say is not important.
A few years back I walked the floors of CNBC’s studios during a broadcast day. In some ways it reminded me of the movie the “Truman Show”: a constructed reality, a soap opera so to speak. Except instead of it being one person (Jim Carrey’s character in the “Truman Show”) who doesn’t know the reality is fake, CNBC’s constructed reality is designed to fool an entire audience.