I was watching CNBC (aka crapvision) during my breakfast and they had Dennis Gartman there.

The whole interview took 30 seconds. First they introduced him, then he said that he is short US stocks and long Chinese stocks. Then they interrupted him to say that 3Com got acquired and then switched to something completely different, not even saying thank you or goodbye to the guy.

I think this is why the stocks go up, too much of brainwashing and too little of education. In general, when I listen CNBC I have the impression that about 50% of people they interview have just no clue what they are talking about. I’m a big fan of Rick Santelli, but he usually keeps his opinions muted