A bear shows up on CNBC

Another classic moment on CNBC as an independent financial adviser is sandwiched between Melissa Francis, Larry Kudlow, and a JPMorganite, all of whom look aghast as Dan Deighan tells viewers that stocks will retest their March 2009 lows next year.

It probably didn't help Dan's chances of getting invited back anytime soon when he advised investors to buy gold on the dips. Then again, if CNBC is anything like Fox, they've probably seen an increasing amount of ad revenue coming from the many companies selling the metal.