Excellent news on bogus press release. . .now if we could just get the SEC to nab those analysts and interviewees of CNBC, who knowingly pass along false information for the purpose of profiting from the moves. . .
Speaking of which, we need to start a movement to lessen CNBC's influence on our markets. It hurts the individual investor and favors the anal-ysts and large brokerage houses. . .
Soon, we will start tracking the favoritism they seem to show to both Goldman Sachs, DLJ and Merrill in the morning just before and after the opening bell, when viewership is at its peak. . . advertising their upgrades and downgrades over and over and over until individual investors are either scared out of their shares of the stock discussed or laying down their money to buy like sheep as the brokerages sell into the buying they created. . . . . .and of course we know that when investors follow the propaganda of the large brokerages, it is playing into the hands of the enemy. . seeing as how the market is primarily made of large brokerages and hedge funds against retail buyers.
Furthermore, I prefer Bloomberg television throughout the day. . .far less opinionated. . .and far far less biased reporting, in my opinion. . .in fact, many of the reports have been helpful to the individual investor. . . I especially like the Money Flow reports.
The main difference is that Bloomberg reports the news to the individual investor. . .recognizing who their audience is. . .while CNBC tends to favor the word and analysis of the large brokerages, forgetting that their audience is the other team. . .with very little useable or tradeable news or views by or for the individual investor, in my opinion.
You can get Bloomberg TV through Direct TV. . .we need to request it at our local cable companies as well. . . but you can also get it via the net.
In my opinion, the recent Abby Joseph Cohen report which tanked the markets this week, [which I immediately dismissed as fundamentally insignificant and showed why]. . . was shoved down our throats by CNBC. . .as they mentioned it every minute or two throughout the day. . .
So the way I see it. . . we had a tag team tanking of the markets, whether they knew it or not. . . manipulated both by Cohen and CNBC. . .then the next day by Mobius and CNBC. . .
I don't like it. And I don't need it. . . I am going to work on bringing us Bloomberg TV running alongside our browsers. . .on the website. . .as well as the many other cool things. . . thank heavens the market is cooling down. . so I can go back to work on it.
And as always, I welcome alternative views to this one as well.
Rande Is |
