Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: The Perfect Hedge who wrote (3689)	11/24/1997 6:11:00 PM
From: Tom L. French	Read Replies (5) of 95453

Glen >>Just saw Taking Stock on CNBC<< Glen, I have decided to stop watching/listening to CNBC (I keep it on mute to get a quickee at the dow/sp/nasdaq and in case the world ends.) Why? In no particular order, two reasons: 1) they dramatize/sensationalize/exagerate, whatever, because they are reporters; they're job is to keep you watching. Remember that! Try watching just and only (no focus on content allowed!) for how they play the stories. I've had training in this area, and believe me it is not simply telling you what happened! Imagine this is your friend telling you this story... and you know him/her and that she probably wants you to view this story a certain way; you also know he/she usually gives it away in his/her delivery. If you do this, you will probably conclude that their self interest in keeping you glued greatly colors the stories. (How is that for understatement!) These days I think maybe its called "spin". These guys are always spinning. But remember, its their job. They do a decent job, that's not the point here. 2) They are not generating the stories (though they work hard at making it appear they do!). Read Briefing.com and you will see! I heard the other day, one of them actually quote--use the exact same word phrase--as Briefing.com (which probably gets ITS sources from the AP or whatever)... it had one of those funny phrases that catches you... and I said WHOAAAAHHH! What? Lesson learned. For me anyway. Read Briefing.com (there are others I'm sure) for a less hyper ventilated, rehashed, slanted version of the "news". Not always true (I admit), but often enough to warrant not relying on them for the stories of the day. EOM. IMHO. TomLF

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