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Pastimes : CNBC -- critique.

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To: ron insana who wrote (1904)10/22/1998 12:42:00 PM
From: kahunabear   of 17683
 
Thanks for providing a balanced view of the financial world. IMO, you do the most unbiased reporting. I always rely on you to ask the tough questions.

Perhaps, you would consider more coverage of the following subjects:

1. The hidden cost of employee stock options and how their effects are hidden in the annual 10-K report. Major companies have fought hard to keep this information from being disclosed.

2. Recurring charges that recur like clockwork.

3. Historic perspectives on price/earnings and especially price to book.

4. More guests like Micheal Stienhard, George Soros, Warren Buffet or investigative reporting about what they are investing in.

I think the overall tone of the programming is way too bullish and I, not surprisingly, am a bit of a skeptic. IMO, the problem lies with the guests scheduled. I wonder if the average viewer realizes that brokerage analysts are in the business of selling stock and that most mutual fund managers only make money when stocks go up. Also, many company executives have major incentives to see their stock price go up short term regardless of the true financial health of their company. Most folks are out to hype stocks. Sometimes CNBC seems like an all day stock commercial.

BTW, thanks for having folks like Jerry Favors, Jimmy Rodgers, Jim Grant, David Tice, and William Fleckenstein on to offer some perspective. I am not a perma bear and would like to see our country do well and companies profit over time. The current bubble is what concerns me.

Thanks,
WS
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