More Evidence of Idiots on CNBC

I ran across a piece today that I just couldn't resist making a quick post about because it illustrates the typical bullshit pumped out by the media.

Apparently, the crooks and idiots at CNBC did an interview with the so-called "strategist" at Nomura.

Never mind that Nomura is an insignificant, ever so miniscule firm (that I never even heard of when I was working on the street). According to this guy, the S&P 500 faces a 20-25% correction through November, due to a refocus on risk.