STOP TRADING NOW

So today on CNBC, our guy Jimmy says of course the rally wouldn't hold. Yesterday he penned this piece at a bit after 4:00 PM and I quote:

"Put this one in your brain -- a reminder that you get these moments, when things are so bleak, that you simply have to buy.

I am a big believer that every rally of substance when the Fed is tightening starts from a substantially oversold position. You don't know where it is going to come from -- but it will happen. The fact is, we were just down too much for it to go down.
Think about it: Bernanke says he needs to look at the data to make a determination. But the data this very morning were bad! Didn't matter. We were too oversold. People who had been selling the Deeres and the Caterpillars and the UnitedHealths every day finally decided they had taken the stocks down too low themselves!

That's what happened. Don't be confused by it. We can now rally for days without fear of being overbought because we are just starting to drop the big down days from the oscillator.

Soon we will be too joyous again and there will be data like the CPI that will cause the talking heads to whine and ignore this rally and this day, just like they did not long after the June 29th relief rally. It is the nature of the beast.

So, remember this day. Keep it venerated. "

I find it totally offensive that CNBC knowingly or not, allows Jimmy to go on national TV and pretend that he was correct about something when the real time commentary shows the opposite. How long can GE allow this type of behavior to continue?