CNBC doing a diservice to investors...

[nippyjun]

The more I watch CNBC's stock shows in the morning the more I think that they are screwing with us.

1. The have various "analysts" come on and make their recommendations. The problem with this is that these guys are going to promote the companies that they are telling their clients to buy and are comming on TV to promote the stock for their own self interest.

2. The commentators are biased and use biased terms. It's imperitive for these guys to remain neutral and to not use terminology that can change one's view of a company's stock.

 

[Doggiedog]

Being a Wall Street guy, I can't stand those self-important jerks (reporters and commentators) on CNBC. They know absolutely nothing but they act as if they are the only ones who have a clue about what is going on. I love their most common question "how do you see the competitive landscape, particularly in international markets". Very insightful. Unfortunately, we've got to watch it because they are influential and move markets.

BTW: I am a technology analyst at a hedge fund and I'm always getting a good flow of information and gossip. 2 weeks ago they had some financial planner on who was asked about AMAT. The guy was so positive on the stock you wanted to run out and buy it for yourself but I was laughing my ass off in my office because I knew they were going to preannounce and blow up. Sure enough, they did. Too bad the average Joe got burned by such a terrible and self-serving recommendation.

 

[Total Refected Power]

Its infotainment. They work themselves into a frenzy on the upside or downside.

It more like the WWF.

 

[Doggiedog]

LOL! You are very astute TRP. Too bad there are so many dimwits out there that actually buy into this stuff.

 

[Total Refected Power]

DoggieDog:

Thanks. Ancetdotal evidence for me was when one of their "anchors" Liz Claman (red head on in the mornings) was hired. She was a local reporter on one of Boston's tabloid newscasts. Very dramatic. When she was hired at CNBC knew where they were going.

I invest our 401k and b plans in large cap growth. We have over 30 years until retirement and I don't need to worry every CNBC second about the market. Other IRAs are in index funds and individual stocks are held for the longish term. Also keep a cash stash for a rainy day. I figure that's about all I need to know!