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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (470109)4/9/2009 4:43:29 PM
From: SilentZ  Read Replies (2) of 1576891
 
>I think this is a mischaracterization of recent history.

But it isn't.

>The financial types were hardly ever treated like gods. They were all over the place just like Cramer was. Upgrades here, downgrades there, usually after the big news hits, which of course is too late for average investors.

But yet most people, and the media, treated them like they had a particular expertise.

>Meanwhile the mainstream media was selling the notion that the economy sucked except for Wall Street. I think you too were pushing that meme very fervently.

And I was right. And now Wall Street sucks too.

Except the financial analysts are PART of the media! CNBC and MSNBC are owned by the same people. Fox News and Fox Business news are owned by the same people. The Wall Street Journal is a whole newspaper. The New York Times has a substantial business section.

>By the way, I hardly watch Jon Stewart.

Right. And you know not of what you speak on the topic.

-Z
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