Another MarketWatch funny. They are running an article about a guy named Byron Wien. I remember watching this guy back on Bubblevision before the banksters blew up the world in 08/09.
Legendary Wall Street investor warns of ‘several’ 5% market corrections in 2020
The author seems clueless at best, but does sport a social-media editor (his spelling) resume so there is that.
Wien says this:
Pain? 5%? Really? Ok, several. What is several? 3? Math says 15. WTFever.
Then you have this at the end:
Ok Byron, let us do the hypothetical: the straight gets closed. What happens to the price of crude?
There is a good argument to be made one of the significant factors of the 08/09 crash was because the price of crude went crazy a year (July, IIRC) before. Not the main factor, but a contributor.
Byron is just another example of the BS artists who get paraded across our propaganda screens. This article, rather it reflects his interview on BubbleVision or not (due to the author who sucks) makes no sense. No matter. Both the author and the subject are FOS.
Our media sucks. This is a good example.