CNBC Starting To Tick Me Off...

... with their biased (bullish) coverage. WMT reports crappy earnings. But no, let's talk about HD (which is a smaller component in the retailers' index) instead, which had fantastic earnings. Little wonder pre-market futures were completely on the wrong side as cool heads came in and sold this market as soon as it opened. What is CNBC playing at? I know they are a crap network with moronic talkingheads who have no clue about anything, but it's one thing to be a cheerleader when there is something to cheer about, and quite another to basically "hide" or "under-report" negative news. One more reason to be bearish longer-term as inane retail investors will for sure swallow the bait and buy this market at the top. Still, I stick to my 1,310 target in the SPX before we see a significant correction in the marketplace. We are heading up full speed toward a massive cement wall. I will enjoy the resulting wreckage. Buy 18-month volatility.