CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: opalapril who wrote (5470)	5/9/2000 9:49:00 PM
From: t2	Read Replies (2) of 17683

Ralph Bloch, yet another CNBC bear. That was the most amusing interview of a bear---ie dumping on baby boomers. I just wonder how much he cost his clients in missed opportunities over the years. So he gets it right this year. Big Deal! I think CNBC gives him too much credit. Why not dig up all his old calls for the past few years? How about Dick McGabe? I guess once in a while they bring up his past incorrect calls. It is unbelievable how CNBC makes these guys into market gurus. That is what bothers me about CNBC. They give so much credit to people for making one market call correctly (after making lots of bad ones). I bet 90% of the retail investors would have a better track record; I sure do. I think CNBC will forget about Ralph's market call of a top after the Naz breaks 5000 again. He will be on TV again to tell us that the charts say the market is supposed to go down and retest something. <g> That brings me to another problem. Why does CNBC give so much credit to technical analysts? What nonsense. If it was that easy, it should be an exact science and I would be able to get in and out of the market at precise points in time. They need to bring on more fundamental analysts, even a bear or two. BTW--Ron Insana is one smart anchor but he should have brought up Ralph's past calls (not only from this year). I assume he was wrong often in the past from the tone of the interview. Otherwise, he would not have taken up such a bitter attitute to retail investors.

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