Charts still are the core of DD due diligence research into any stock imho. I do a thorough R&DD on all stocks, and its is a continuous process. It times of crisis diversification is a mistake. In good times, lazy brokers and lazy investors should diversify because a high tide raises all boats, but not in bad times. In bad times one needs to focus and know the best companies. Take the whole market, the whole S&P 500 or 100 and knock out all NOISE except maybe the top ten. Keep track of those ten, but only invest in 2 or 3. Know those 2 or 3 better than their own CEOs and CFOs. I chose PALM and NTAP for this reason. I watch CNBC only as a supplement to my own research and due diligence R&DD...or DD if you will. Macro-economics and Politics effects micro-economics and the sectors that make them up, even the focus one has on 1 or 2 or 3 companies or your top ten that you may trade in or out of. Brokers and large brokerage houses are also guilty of major conflicts of interest against you, their client o customer. You are right, in respect to the point that it is NOISE and mostly the implication that you can not rely on anyone but yourself, the worthless guests on CNBC are not so much worthless as the fast 2 to 5 minute mystery approach they use for interviews, they need longer more in depth interviews, better planned interviews, and maybe a better way of showing the place of each company in each sector or industry and its place in the whole economy and its rivals that is competitors. They really need on CNBC more disclosure of conflicts of interest of their guests but also reports they PARROT from ANALysts whose brokerage and investment houses hold large short selling positions or long and underwriting positions if the stocks they are HAGGLING for or against PRICE.
I am,
Truly your$,
-Crystal Ball
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