This clip is an example of why I stopped watching CNBC. Larry Kantor has no idea what Vitaliy Katsenelson1 is talking about — he’s trying to predict the next quarter, and Vitaliy is talking about secular trends that persist for one or more decades. The producer who decided to pair Kantor and Katsenelson didn’t know enough about either of them to realize that it made no sense to pair them in one segment. Maria Bartiromo, as usual, seems to have only the most cursory grasp of what’s being discussed (e.g., dividends = good), so she can’t ask any insightful questions. Plus those blond highlights in her hair look so unnatural as to be distracting.
Vitaliy does a good job of articulating his points despite all that though.
Hat tip to GuruFocus for this clip, which I wouldn’t have seen otherwise.
1We mentioned Vitaliy Katsenelson, and linked to his secular range-bound market thesis, in this post, which the related posts plug in didn’t catch.
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