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Pastimes : CNBC -- critique.
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To: Jim S who wrote (3694)9/23/1999 3:55:00 PM
From: Gary M. Reed  Read Replies (2) of 17683
 
Ron now interviewing some buffoon proclaiming Dow Theory...says, "well, it didn't work AS WELL during the last 3 years or so..." Cripes, Ron, don't sugar-coat it...Dow Theorists have looked like total chumps for the last DECADE. Why don't we interview Babs and get her theory on the mkt...it would be as relevant as some loser who's missed the last 7 years of market action.

In the old days of FNN, they aired sports shows. Question for Ron: would you waste air time on a Las Vegas football prognosticator who hadn't beaten the spread in the last 8 years? Let's give more airtime to guys who have called this market correctly (there are plenty of them out there...problem is, they don't work for "the chosen/annointed firms") and shut down the chumps who have been crying "crash" for the last 10 years.

If I falsify my track record to show that I've consistently lost money being short every year since 1989, can I get an interview on CNBC too? What is the yardstick for interviewing losers? Conversely, what is the yardstick where guys who beat the market get disqualified because they have been "too right." I notice the Merrill guys get plenty of airtime, even though they publicly said "sell" at Dow 7600 last October. By simple deduction, it sounds like you need to be a total loser to get a CNBC interview. God save the clients of the financial planners that Griffeth has on Power Lunch! My best guess is that they've had their clients in money markets since '87.
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