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Pastimes : CNBC -- critique.

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To: Ted David who wrote (7684)4/11/2001 1:20:46 PM
From: Dave  Read Replies (1) of 17683
 
Mr. David,

I have watched CNBC since the summer of 1993. One question that I have regarding CNBC' ablity to present new is that, on several occasions, CNBC has reported on "Rumors from the Trading Floor"

Is there any way that CNBC can find the "source" of these rumors from the trading floor and perhaps interview that trader? In other words, are those rumors, in fact, true?

In my opinion, how does one know that that trader(s) spreading the "rumor" doesn't have a position in that security and hoping to profit off that(those) rumor(s)?

Corporations are now scouring the message boards and taking legal action against posters who post factually incorrect news? The SEC also does this.

Why can't CNBC find the source of the "rumors" and interview that person and find out the analysis behind it?

Thanks,

dave
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