William, saw that too and loved it, but I don't understand why they were so reluctant to put the analyst's name and firm on the air. These analysts get to move stock by having other people stick their money in or out, generating commissions for their firms that otherwise would not have been recognized, and there are very few times when they are held accountable by the financial media.
IMHO it's great that Squawk Box is starting to scrutinize some analysts, especially since CNBC has helped fuel the current Pavlovian reaction to any pitifully reasoned call from any Tom, Dick, or Harry. It's just a shame they didn't have the [courage] in this instance to broadcast the individual's name over national TV so investors could put this person on their [special person] list.
What's the point of doing what they did if viewers are left home going "great, but who the hell is it you're talking about? Don't you think a few of us would like to know so we'll be on the lookout for his of her crap in the future?"
Squawk Box team - it's terrific that you all were in on the joke, but why do it at the expense of leaving the viewers in the position of outsiders when you had the information right there in front of you?
Next time Tom Kurlak makes a call, I'd love to see them run the first paragraph of his "best of all hoped for scenarios" report (8/6/97) right next to the performance of the $SOX index since those words were written.
Good trading,
Tom |
