Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (20676)	7/1/2002 11:58:50 PM
From: Raymond Duray	of 74559

pezz, Re: Do you honestly believe that there is a conscious plan by the people that work on CNBC to drive the MKT down? This is beyond paranoia... Beyond paranoia is the plan. Of course I do not believe the newsreaders at CNBC are capable such deviousness as to manipulate the market. It's the advertisers and people who "feed" information to the CNBC mouthpieces who are calling the shots. For instance, Maria Bartiromo's husband is a notorious penny stock promoter, who at one point was worth over USD 1 B because of the junk he peddled to the unwary. The wire houses all have their connections to Faber and the others. The news cycle thrives on getting the early scoop, and those who would manipulate the market not only pass along scoops that are useful to the newshounds, but also rumors and "attitudes" that are useful to the sell side. That's why I can say the fix is in. And you'll never see the fixers. They're behind telephones and email connections to the producers and talking heads on the boob tube. -Ray

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