MSM Hits New Highs… in Stupidity: WTI Golden Cross

By Biiwii

We have shown again and again how when a “Golden Cross” (or Death Cross for that matter) is touted – especially in the greater media – that it is at best a non-factor and at worst a sign that everybody’s got the memo and the market in question will soon take a turn for the worse.

On cue, not only does MarketWatch chime in with some Golden Cross hype this morning but it leverages the idiocy to call crude oil’s Golden Cross a good thing for stocks this summer.  Bulls take note!

If this happens, it could be a fantastic summer to own stocks

Not good, not sensible… Fan effing tastistic!


MSM, always on watch to make up stories to justify market moves or simply inspire peoples’ imaginations hallucinations.

Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of actionable public content at Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at