CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: Ted David who wrote (5501)	5/12/2000 12:32:00 AM
From: B.REVERE	Read Replies (1) of 17683

Hi Ted, Didn't realize you were posting. Nice to have one of the few unbiased journalists chat on our threads. I consider you, Herrara and Faber the only ones worth listening to when I have the sound turned on. (ng) The others always seem to be protecting their 401k's no matter what the hell is going on. Doesn't it seem ludicrous to you that analysts that come on the show and pimp stocks whose valuations cannot be justified no matter how they twist their story, are let on your program, ad nauseum? Are the producers of this show out to bankrupt every naive investor that happens to tune in at that moment? Maria touts some Lehman clown(Shobin?) from last Friday night's show that we've hit a bottom because the market went up that day after getting hammered all week. And she has the nerve to reiterate it Monday morning as if she or this guy knows jack. Another 8% retracement three days later and not a word about this guy's call. Does she have any clue at all? It's liquidity and momentum. NOTHING ELSE. Momentum goes both ways, show her a chart for crying out loud. If this market traded strictly on valuations, the market would have corrected 4 years ago. It's time the public starts getting some responsible journalism (again I don't put you or the others I mentioned in this group)and get some real analysts on the show, not these dart throwers who wouldn't know a server if it fell on them. Sorry to vent so much but there are a lot of people who have gotten hurt by CNBC'S failure to present both sides of every story and the mindless cheerleading that goes on when a stock "beats" its numbers. What a joke this has become. Cisco buys companies every quarter to get another "one-time" write off to "beat" its numbers by a penny again. How many times does a company get to write off billions before it no longer becomes a one-time write-off? The SEC won't police the big boys. The FED protects its friends (LTCM). The moral hazard Greenspan protected in "98 were the wealthiest people in the world, not the minions. The internet has truly leveled the playing field by allowing small fry like me know that the info is out there if you know where to look. The market's a sham and it's there for the one percent of the truly wealthy who really run the whole show, and I'm not just talking about the market. Thanks for your time

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