Well CNBC didn't exactly discover the inventor of Bitcoin, but they interviewed someone who did.
Stock Market News
Some estimates are that 83 million of the accounts on Facebook are fakes.
On CNBC this morning a money manager appeared on the network and said that the DOW is going to 30,000.
If you advertise on Facebook they try to get you to pay for "followers" but almost all of them evidently are fake.
Why anyone would buy Facebook stock is beyond me. It's one of the most highly valued stocks I've ever seen in my life.
You can see why it is pretty dumb to expect the US stock market to go up again this year like it did last year.
Dave just sent me this video overview of what he is seeing in the market now - and how he thinks money is to be made for the rest of this year.
There is a simple reason to buy though - BECAUSE YOU WANT TO BELIEVE THE MARKET CAN MAKE YOU RICH BY SIMPLY BUYING AND DOING NO WORK OR THINKING AT ALL.
Yesterday on CNBC James Cramer said to buy Facebook stock. On his "Mad Money" show in the evening he suggested that Facebook and other social media stocks will go up for three years.
A lot of people are going to rush in and buy it off the open, because they have been watching it thinking about buying and now will be scared it might go up more without them.
Here is one little scoop for you though - former hedge fund manager William Fleckenstein has been in Davos raising money for a hedge fund that will be designed to short stocks and profit from the next bear market disaster.
The drop is happening because the market peaked out and margin maniacs bought in near the top. So now it dumps.
Once again after the stock market has gone up for twelve months Cramer proclaims on CNBC that people must stop being skeptical of the stock market and buy now.
The reality is the stock market is going up because the Fed is printing billions of dollars of money every month - and we are in a cyclical bull market that began in 2009.
Today Steve Cohen announced that he was shutting down his successful hedge fund.
Video on bullish sentiment that is driving markets and the impact that may have on 2014.
Many of the small players are now getting back into the market and they do not care what price they pay for a stock. They just chase price action and get attracted to hot stories.
Art Cashin on CNBC talks about 2014.
Today's budget deal to increase government spending over the next few years makes it now impossible for the Federal Reserve to eliminate its quantitative easing money printing operation.
I did an interview with This Week in Money over the weekend about my outlook in regards to the stock market and gold for the rest of this year.
Video update on the stock market and gold.
Enjoy the holiday!
The herd has formed.
The HUI gold stock index went into a bear market in 2011 and made a crash bottom this summer. It has since been going through a stage one base which acts as a transition phase between a bear bottom and new bull market.
We have now reached the point where the professionals are no longer using investment techniques to make their decisions in the US stock market.
Today the Drudgereport published a story saying that in just a few weeks Maria Bartiromo is going to leave CNBC to work for FOX.
Yesterday future Federal Reserve Chairperson Janet Yellen introduced herself to Congress and to the world and made statements that helped spur further buying in the stock market.
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