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Jon Stewart's Epic Rant Against CNBC Transcript

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That's why the market just won't quit no matter how poorly actual companies are doing.

[February 1, 2008  Dow: 12,743]

CNBC's Kudlow & Company Host:  The worst of this sub-prime business is over.

[April 16, 2008  Dow: 12,619]


Very simply, I believe that it means it's time to buy, buy, buy.  

[June 13, 2008  Dow: 12,307]       



Fast Money:  Fundamentals are coming back into play, I believe that people are starting to get confidence back.

[November 4, 2008  Dow: 9,625]

Wow!  If I'd only followed CNBC's advice, I'd have a million dollars today! (Provided I'd started with a hundred million dollars.)  How do they do it?  How do they do it?  I can see why Santelli is mad at homeowners, because CNBC does it with access.  They're not afraid to sit down with CEO's from soon to fail companies like Bear Stearns, General Motors, and Merrill Lynch and ask them the questions that those CEO's would like to be asked.  

CNBC Host:  Will there be more write-downs at Bear Stearns?  

Bear Stearns (BS) CEO:  We feel pretty comfortable and confident in where we are as we sit here today.

CNBC Host:  So, it doesn't sound to me like you're expecting to have any more write-downs.         

BS CEO:  I wouldn't expect any.

CNBC's All Access:  The upside potential for the company we think is good.  

GM CEO:  And we're going to keep going with this strategy.

All Access:  I gotta ask you Saturday night.  Kid Rock comes out at your GM style event and raises the roof, so to speak, have you seen the videotape of your vice chairman Bob Lutz and some of the dancing he was doing here?

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