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Strategies & Market Trends : Dave Gore's Trades That Make Sense
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To: TWICK who wrote (3354)3/2/2002 2:19:19 PM
From: Dave Gore  Read Replies (1) of 16631
 
FED UP WITH CNBC (continued): Twick/All - I agree, and I must say that I usually detest having that program on. They parade all the "bulls" on during an "UP" day and "bears" on a down day.

What really bothers me about them is they preach "buy and hold" and "average into" the markets and "don't worry about watching your portfolio every day" but they have done the very worst thing of all - they have tried to over-dramatize everything, so that we feel we have to watch them.
I think they try to "control" the markets and get off on it. Just yesterday I heard one of them say "Wow, did you see how that stock started reacting right after Bob (Pasani) spoke"?

Ditto with Joe and the others. Can you say, Power Trip?

They want us to watch them, so they over-dramatize the tiny details so much that you feel that if you miss them, you could miss something that could move the markets or a stock you own.

If they can stop a rally and positive momentum on Monday just because ORCL missed by a penny, that's pretty sick.
That negative slant by Sue Herrera and the writers was pretty sad. They failed to mention that ORCL's sales were up in North America and Europe, just down in Asia or Japan.
So that's the power they have on the market, people! Pretty sick.

They've made everybody so da*& over-sensitized. I hope others go to cnbc.com and send them emails.
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