Just before 11:30am ET, investment guru Ken Fisher was interviewed on Bloomberg TV. At that time the market was quiet and flat. He told the audience that equities are 39-pct undervalued, and given that he is a Forbes billionaire as well as Forbes columnist plus manager of some $30 billion of OPM, people listened. (see Arrow #1)

The market rocketed up +50 Dow points in minutes. I couldn’t believe the pile of hooey this guy – as impressive as he is – was laying at the feet of traders all over the world who watch Bloomberg TV as, let’s say, the credible alternative to CNBC.

So a couple minutes later, I wrote my own article to poke a little fun at Mr. Fisher. (see Arrow #2)

And let’s just say that Mr. Fisher had a tough day at the office. Here is the follow up:

11 of 11 major U.S. broad market indices DOWN
26 of 28 U.S. industry indices DOWN (only oil services and healthcare)
9 of 9 AMEX Select Sector SPDR ETF’s DOWN
18 of 20 Country ETF’s DOWN (only Malaysia and Canada were up)