There was quite a debate on Fox’s Bulls & Bears show Saturday. The gathered sunshine squad/’shroomers on the show had a huge debate as to whether the Dow was going to a gazillion or merely to a katrillion. They ultimately split the difference, agreeing we would hit a bazillion. (Hey, I guess that’s just the Cost of Freedom).
I sent a note to the producers, noting that if they could not find anyone who does not believe the market is going to launch into a new Bull run, that I could forward you a list of well regarded strategists, economists and fund managers who aren’t quite so sanguine.
I also respectfully suggested they change the name of the show to BULLS & BULLS.
On a positive note, I did appreciate the new humor section they added to the beginning of the show — it was a satire that explained how fabulously well the war in Iraq was going. My favorite part was when Tobin Smith explained that if Saddam was still in power, with Oil at $60, he would be accumulating $300 Billion of year. That buys a lot of WMD!
This new move towards satire at the beginning of the show on the war was simply hysterical! I thought they were going after CNBC, but it appears their true target is The Daily Show. Brilliant, brilliant parody.
UPDATE: March 20, 2006 6:24am
A reader informs me that the first section of the show was not parody, but actually reflected the views of the assembled strategists . . . Astonishing! I never would have beleived that any show claiming the war is going fantastic, the economy is terrific, and that the markets are poised to launch into a new Bull run was anything but satire.
My bad . . .