The popular CBS news show 60 Minutes just completed a textbook exercise in logical fallacy by hawking the stock market scare porn of CNBC’s arguably most smug anti-Trump anchor that he himself hedged straight into irrelevancy. 60 Minutes published an X post May 24 pushing CNBC Squawk Box co-anchor and part-time Nostradamus Andrew Ross Sorkin joining correspondent Lesley Stahl to give her his crystal ball divinations derived from his 2025 book 1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation, which apparently took him 10 years to draft. He adamantly proclaimed a stock market crash reminiscent of the 1929 disaster is on the horizon, but then immediately walked it back and effectively undercut his entire thesis: “We will have a crash, I just can't tell you when, and I can't tell you how deep. But I can assure you, unfortunately, I wish I wasn't saying this, we will have a crash.” Oh. So in other words, he knows nothing. But Stahl predictably let him coast on that logic, since both hinted that President Trump hitched his entire presidency to the performance of the stock market.   Sorkin’s stock market apocalypse-mongering is about as useful as saying, “Gravity will eventually pull things down, I just can't tell you when an object will drop or how hard it'll hit the floor.” In fact, as Bison Insights investor Josh Young retorted on X, “In the decade [Sorkin] was working on this book, the stock market nearly tripled. Pessimists sound smart. Optimists make money.” In essence, Sorkin’s non-prediction craters once you pick it apart, which Stahl should have done in an ideal world, but who are we kidding! TDS is one hell of a condition. .@andrewrsorkin: "We will have a crash, I just can't tell you when, and I can't tell you how deep." Same energy: "Gravity will eventually pull things down, I just can't tell you when an object will drop or how hard it'll hit the floor." pic.twitter.com/bg5D28Bngy — Joe Vazquez (@JV3MRC) May 27, 2026 Just three days after CBS broadcast Sorkin’s 60 Minutes prognosticating, the Dow Jones shot up 300 points to notch a new record as oil prices started nosediving on news of a potential peace agreement between Iran and the United States for the ongoing war. The day prior, both the S&P 500 and the Nasdaq Composite indexes completed record closes at 7,519.12 and 26,656.18 respectively, according to — oh this is hilarious — CNBC! Earth to Sorkin! In 2022, investor and entrepreneur Darius Foroux outlined 8 reasons why a 1929 crash probably won’t happen again, with the most obvious reason being that the stock market and its structure has changed dramatically since the wild west of the Roaring 20s. First, “Pre-modern stock markets were casinos.” Second, “Colluding and cornering markets isn’t commonplace.” Aside from other factors like SEC investor protections, “Markets can halt trading when needed.”  Did those protections just go poof! Because Sorkin published a book? Brookings Institution Senior Fellow Robin Brooks even argued in a May 27 X post, “How will markets trade once we get a peace deal? Oil prices will fall quickly and we'll go back to pricing cuts for the Fed. Markets are already inching in that direction.” Doesn’t exactly sound like Armageddon now does it?  Sorkin’s predictions have about as much utility as when CNN prophesied based on a single snapshot on volatile oil futures that we wouldn’t see sub-$70 per barrel prices until 2032: Zero!