EL-GRECO

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  • The CNBC-PZE Fiasco
    I'm glad you brought this up because clearly channels like CNBC promote the short term view and are probably most useful to day-traders. Clearly, CNBC had a key role in the Nasdaq bubble hype 7 years ago by inviting every Tom Dick and Harry to come on their shows to balatantly hype stocks in a dishonest manner. In a milder form, they continue to do the same today, stoking up greed or fear and then appearing to try to take the opposite side to temper the mood they they have had a hand in creating. In their defense, they do also have some of the best commentators appearing regularly, so we are stuck with the need to turn the channel over to Bloomberg on a regular basis in order to get plain old news without noise while also tuning into the characters on CNBC that we like to watch. CNBC is definitely not a one-stop channel, it needs one to filter out the considerable junk that comes with the good stuff. Luckily Bloomberg is there to offer the sobre alternative when CNBC's circus gets too loud.
    Jan 11 05:04 am |Rating: 0 0 |Link to Comment |View article

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