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Pastimes : CNBC -- critique.

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To: David Smith who wrote (3583)8/24/1999 8:56:00 AM
From: SteveDavis  Read Replies (1) of 17683
 
If there are no risk then why do the traders suffer losses? Why did Salamon go out of business over losses in bond trading? Do you really think all of the profits of a Merrill Lynch are from commissions? They take huge positions everyday!!!! If they are wrong they suffer huge losses!!!

I watch CNBC so that I am aware of what is going on in the market right now!!!! I want to know if a company missed it's number on earnings!!! Did the CEO resign!! Is there a buyout!! I want to watch for myself the interview with Michael Dell or anyone else that I think may move a stock!!!

Steve Davis
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