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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: orkrious who wrote (42286)9/29/2005 12:33:57 PM
From: Lizzie TudorRead Replies (2) of 306849
 
see your attitude comes through, that is how CNBC is. Thats the problem. You seem pissed off and so do they. Thats how Maria is when GOOG goes up, she says "GOOG is more valuable than Time warner" and practically rolls her eyes. Well guess what, GOOG is not a media company and that is why. It also isn't really expensive at 37 times earnings for 06. Of course some guys like you think everything should be trading for super cheap multiples in all cases at all times.

Even in the worst of bear markets like the 70s, some stocks, like WMT and HD went up. Thats what GOOG is now, an anomaly. This is not a bull market for tech really, at least its not a roaring bull. It is a very 70s-ish market. Stocks that are going up should not be covered with such angst on the part of a financial network.

For the past few years esp after 01 CNBC only had bears watching so they catered to them, and there are fewer bears than bulls so their ratings went down. Then, the bulls never came back, why? Because cnbc changed its format to do a lot of negative coverage and avoid a lot of growth stories. That killed them.

If CNBC wanted to present a well rounded position they would cover real estate stocks with the same bearish spin that they do tech, now. But they don't.
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