In the past hour, CNBC has made a host of factual errors. Even Dylan Ratigan, who is among the best at that network, said:

1. that tech is leading to the upside today. WRONG. As we speak, the Nasdaq-100 is negative, while the Russell 2000 and S&P 500 are positive.
2. that the currency trade of the day is long Japanese Yen against the dollar. WRONG. The USD is currently up about 39 pips vs. the Yen.

I don’t expect great insights from these people, but they really should be accountable for basic facts.

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1. Why I’m not shorting Diedrich Coffee (Nasdaq:DDRX)
2. What is next for gold?
3. Citigroup advertising “FDIC-insured” forex daytrading accounts