“Grow Up!” Rick Santelli makes minced-meat out of Steve Liesman again. Also Jerry Webman of Oppenheimer Funds, on US Losing AAA Credit Rating, potential FASB Rule Changes and financial reform bill.

March 16 (Bloomberg) — U.S. employers won’t hire enough workers this year to lower the jobless rate much below the level of 9.7 percent reached in February, three Obama administration economic officials said today. The proportion of Americans who can’t find work is likely to “remain elevated for an extended period,” Treasury Secretary Timothy F. [...]

Corrections are as much a part of the normal Market Cycle as rallies, and they can be brought about by either bad news or good news. Investors always over-analyze when prices become weak and over-indulge when prices are high, thus perpetuating the “buy high, sell low” Wall Street lunacy.