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Tuesday, February 24, 2009

Rick Santelli Sayin' It Like It Is...



You've probably already seen this video clip, but if not give it a watch. Rick Santelli, from the floor of the CBOE touched a nerve that is raw with many Americans.

His comments, right or wrong or whether you agree with them or not, and the traders' reactions may provide some insight into the concern that is permeating the financial markets right now.

In fact, I just finished watching Fed Chairman Ben Bernake respond to questions about Rick Santelli's Boston Tea Party rant. After the session with the Fed Chairman concluded, CNBC gave Santelli a chance to respond and then had the anchors go after him.

Bias in our media? I don't know.

What I do know is that the metaphorical arguments offered by Ben Bernake and the CNBC crowd were frustratingly inane.

It makes me worry for our nation's economic future...

Christopher Smith
TheOptionClub.com

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