Whassa matter, HandsOn? For months on this board, pre-WTC, we've endured a bashing of CNBC because they don't warn of the risks of investing and they presented 'Buy-opinion' analysts at the market peak. A dastardly deed (so many posters said).
Now, this week, the market certainly has had an "exaggerated doom and gloom tone". That's life. If Costello comes on and reflects that, maybe he's just reporting what the market is doing.
"Many traders are talking about boycotting CNBC," you say. Since when is it Costello's job (or CNBC's) to hype the upticks?
When the market turns up, undoubtedly we'll see a more positive outlook appear on CNBC. And when (if) the rally turns out to be a trap, then everyone here can complain again about how CNBC sucked the individual investor into losing their savings to the Machiavellian market makers or the rich, ever-greedy brokerage companies whose every comment is a ruse to practice the opposite of what they preach.
I think Costello does a creditable job, but paranoia runs rampant here. |
