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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (118884)8/30/2001 1:29:33 PM
From: John Graybill  Read Replies (3) of 436258
 
I'm starting to see a few subtle signs that reality is starting to poke one hand out of the grave at CNBC.

"We're off the lows of the day" has become their version of "ya know what I'm sayin'?" -- the phrase of choice to blurt out, no matter how unnecessarily, up to four or five times a minute to keep the listener's attention when the speaker is trying to think of something meaningful to say.

Martha McCallum is the worst offender. She chanted it repeatedly like a magic spell over a fifteen-minute period the other day when the Nasdaq had risen two points from a down-40 opening, apparently hoping that uttering this meaningless phrase would be enough to circumvent the laws of the financial universe.

How long have they been running the "Nasdaq Percentage Winners and Losers?" I've noted this on days when the ticker runs red with the blood of the market. And there's no "stock price must be above $5.00" filter either, so if a two-dollar stock goes up a dime, it might very well be famous-for-a-minute.

I'm guessing this must be a brand-new gimmick to get something green and impressive on the screen when all else has failed, because there are some kinks to work out. The other they showed the same stock with different prices on both the "Winners" and the "Losers" list. It looked like the two prices might very well have been the bid and the ask.
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