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Pastimes : CNBC -- critique.
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To: capitalistbeatnik who wrote ()3/9/2000 10:41:00 AM
From: Citidude  Read Replies (1) of 17683
 
I'd like to throw something out here and see what you guys think.

This ridiculous market "nervousness" is keeping most stocks from sailing forward.

Always notice the first thing CNBC says when:

1. A company reports blockbuster earnings
2. When the FED "doesn't" hike rates
3. A good report comes out about ANYTHING

In retrospect, CNBC says:

1. Investors are worried if the company can sustain this growth through the next quarter and beyond.

2. Investors are worried and uncertain that the FED may have no choice but to hike rates up in the future.

3. Even though the figures were good, investors are worried . . . (you fill in the blank)

I honestly believe CNBC (who seems to have crowned themselves the "Financial Voice of God") are responsible for a VERY GREAT deal of panic at times in the market. I think they are so far off in their "fortune telling" that it's not even funny to the non-investor.

If you ever notice, according to CNBC:

Investors are ALWAYS worried!!!!!!!!! For goodness sakes!!!!! STOP ALREADY!!!!! Did it ever occur to CNBC that many investors also LIVE in the present LEARNING form the past PREPARING for the future?

This network is often the reason for the worry!!! They should stay with the good reporting they do, tell it like it is, but stop placing what 2 or 3 people say on the rest of us.

For the record, I AM NOT WORRIED!!!

Am I off the wall here? Do I have a point? I'd certainly like to know what others think.

Chris
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