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Pastimes : CNBC -- critique.

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To: SteveDavis who wrote (3582)8/23/1999 10:28:00 PM
From: David Smith  Read Replies (2) of 17683
 
"Those traders are risking their own capital in most cases."

Wrong. Specialists will commit their own capital only when its necessary to maintain an orderly market. My point is that instead of prefacing editorial comments and observations about the market with comments like "traders think" or "traders will be watching....", CNBC should use "investors". The difference is subtle, and, on the part of CNBC, not at all unintentional when you consider their viewer base.

As for your opinion that CNBC is actually real business news and not entertainment.....it's not even worth a reply. You are a child of the television age, indeed.
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