CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: t2 who wrote (7962)	5/31/2001 1:50:10 PM
From: Toby Zidle	Read Replies (1) of 17683

You're looking for "Full Disclosure". No harm in that. But does it really do anything in the specific case you cite? Will any but the most esoteric of technical analysts change an opinion about buying a well-positioned stock because of outflow data? Will high inflows keep anyone in a stock he'd otherwise sell? In other words, does it make any difference? The conflict of interest is stronger if CNBC personnel go on to note the existence of Biederman's hedge fund. Doesn't it then sound like an endorsement? I can understand the conflict of interest complaint when various analysts or portfolio managers push specific stocks. But the case you complain of seems no different from when any other analyst gets in front of the camera and talks about the perceived direction of the market. Hopefully, CNBC viewers have enough basic intelligence to understand that these are opinions, interpretations of data, and are not presented as divine certainties. Or do you advocate the principles of the entertainment programing group: dumb it down to the lowest level of intelligence on the receiving side of the boob tube? Jeez, I hope not.

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