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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Ted David who wrote (15077)8/17/2001 4:39:39 PM
From: Shtirlitz  Read Replies (1) of 52237
 
Its not only Abby.

The whole CNBC show is like a bull parade. All the same faces, who are consistently wrong on their calls over and over again.

And they all have the same mantra. "Rate cuts and easier comparisons will lead to the new super duper bull market. And if you don't buy stocks right now you'll regret till the rest of your days" . Blah-Blah-Blah.

Over and over. Same people. Irresponsible mutual fund managers who don't give a rats ass into which ridiculously expensive stock they are stuffing clients's money. Annoying.

Why doesn't anyone say that the whole economic boom was created by uncontrolable credit expansion, lending and borrowing and now everyone is drowning in debt and overcapcity on all levels of economy. From consumers to corporations. And rate cuts are absolutely meaningless and will not solve anything if no one wants to borrow. Japan is a good example.

But CNBC can only pump, sucking more and more inexperienced investors into this overbloated and sinking market.

I understand people are desperate for some positive news, and CNBC is happy to put a positive spin on any news, just to kiss its audiences or someone elses ass.

But this biased show is a great disservice to the public.
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