What I don't get is the "tee hee" giggly delivery when some CNBC-ers talk about stocks (like TYC) that are in the process of melting down. "Oooooh, look at Tyco today, giggle giggle, wow that stock's down A LOT! Tee-hee, boy I bet people who bought that yesterday feel pretty dumb..." Every five minutes, as if they'd never seen a stock get clocked before. I promise you, the mood on the set wouldn't be so bubbly if it were Mother GE melting down. Well, everybody except for Ron...I think if Insana's 401K went to zero one day, he'd still be in a great mood because someone was losing money (even if it was himself).
Speaking of Mother GE, I about fell off my chair when Haines said this morning, "well I don't know why people get in a lather over GE possibly splitting...I mean, everybody KNOWS it will split again..." as if GE could withstand any series of market selloffs, economic slowdowns, etc. And he was SERIOUS. Is the brainwashing that stiff at GE? I betcha employees at Tyco and Compaq said the same thing 12 months ago. My gosh, anyone who's been around the market like Haines has should know that there is no such thing as a sure thing.
Another recent annoying development is the guys like Pisani and the guy at the Nasdaq...everytime the market is down a tad during their report, they immediately start coaching viewers, "this is no big deal, very very minor selloff, everyone I'm talking to says we're still off to the races..." It almost sounds like they're trying to temper or coach viewers against taking profits. Hey Pisani, try to be objective...you're there to report, not to advise. If "everyone" you're talking to says full steam ahead, maybe you ought to start citing specific sources. For all we know, the guys telling you full steam ahead were the shoe shine guys or some clown on a Yahoo chat board. |
