I understand you criticism, Gary, but I'm not so hard on the CNBC folks for their market guests -- they get bears when things are going down, and bulls when going up, with just enough of the contrarians to be able to claim "balance." (Justified or not). They want to get your attention; that's their job. Our job is to ferrit out the trash from the gold, IMO.
But, I sure 'nuff agree with you on some of the opinions presented. Merrill Lynch (and especially Tom Kurlack, when he worked for them) has cost me more money than I can count by making calls adverse to my holdings (and adverse to the trend). Some of the market manipulation that is so obvious is ignored when the big guys do it, but is good enough to send the little guys to jail, and CNBC helps it along by making breathless "breaking news" announcements. I guess I'm glad they announce it so we know what's going on, but it really irks me how it all plays into the hands of the major manipulators.
Actually, I pretty much like all the people on CNBC, despite my occasional irritation with some of them. My main complaint is their parochialism; if it ain't happenin' on one of the coasts, it ain't worth mentioning.
jim |
