Since last Friday as they anticipated the most recent “jobs” report with bated breath to be announced, into this week that just ended. I have been left slack-jawed more times resembling the cartoon characters I grew with up as a kid. However, at least back then the cartoons were trying to be funny. Today, what is being touted as “serious insightful analysis” is so much more comedic – its tragic.
As I awaited this months version of the report. I had playing in the background one of the financial shows that were parsing, and mincing the usual data points. When suddenly I heard a few statements that made me do the double-take of “wait…what?”
As usual the schpiel is basically the same or formulaic on all of these program types. The host plays the sounding board as the guest plays “the seer of all that’s unseen by us mere mortal schlubs.” On this day in particular; replace “mortal” with “idiot” and you are closer to the truth of how you, or I, are looked upon by these masses of the so-called “smart crowd” perusing Wall Street today.
And just to clarify; the word “idiot” is in quotes not in some air quote manner. Rather: that is the exact word used to describe people like myself (and maybe even you) that question their insight. So if you’re reading this – now you know where you may stand within Wall Street’s loving and caring mind. (I know it’s satire) For question their glowing analysis of dog crap? And it’ll be your nose they’ll attempt to rub in it. Elitist insight at its best.
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