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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: westpacific who wrote (42901)3/23/2002 9:24:58 PM
From: DebtBomb  Read Replies (2) of 99280
 
What's Up at CNBC?
RealMoney Columnist conversation
3/22/02 03:24 PM ET
"Next Sunday Mrs. Vinson will be soloist for the morning service. The pastor will then speak on 'It's a Terrible Experience.' "
-- church bulletin

All traders need some background noise to survive the potentially lonely world of trading, and many are used to CNBC. But the bear market has not been kind to the financial network, which rose to fame in the 1990s. Last weekend, Barron's did a very critical piece on CNBC, pointing out how little true analysis was taking place.

Then this week CNBC went nearly bonkers over some remarks by Bill Gross that were critical of General Electric (GE:NYSE).

John Murphy, now of murphymorris, who used to be a regular guest on CNBC and who still appears there occasionally, did something surprising to me. In a late Thursday message to subscribers, he was critical of CNBC's over-the-top response to Bill Gross. By doing this, he may be risking future appearances on the network, but clearly he felt it important.

I hope the powers that be at CNBC are listening. If Barron's and John Murphy take the time to be this critical, something must be amiss. Here's one trader at least who hopes CNBC will not shoot the messengers and do some much needed soul-searching.
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