Bill; A.G.E.= Brokerage (A.G. Edward's,) Also adding more on CNBC ,
to a former post and why people need to use caution if taking all
they report as hard facts.
As you know Maria often lets slip a TRIM TAB report..on fund
flows..well here is what AMG has to say about Trim Tabs.
Why are AMG numbers different than Mutual Fund Trim Tabs'?
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Mutual Fund Trim Tabs claims to track daily liquidity for 800 stock & bond funds valued at $500 Billion to estimate fund flows.
AMG reports actual flow figures weekly for 12,300 funds valued at
$4 Trillion.
It is quantitatively inaccurate to extrapolate the Trim Tabs' data set to a wider universe of funds and relate the information to investor demand.
Forecasting daily market movement using a
limited number of funds results in information without a factual basis.
Because the Trim Tabs data
does not remove distributions (dividends and capital gains) from the flows, their flow figures are inaccurate in direction and magnitude. ----------------------
To often the CNBC staff ( all likeable ) does not really know how
to check the information they put out , or how to evaluate the
accuracy of the source of their information, yet they lead the viewer
to think it's hard fact, when very often it's not.
I don't think when they mislead viewers it's on purpose ( other than having a motive to "ACT" like they "KNOW" such and such is a fact )
In short while they report on many stocks, and can be very
informative, most of the staff does not know how to do much of
of what we call DD, and relies on reports from outside sources
that may have ( and likely often have ) a selfserving motive
that goes beyond just reporting the news.
--------------
Contrary to what I might sound like, I like CNBC and the staff,
I watch, enjoy, and find them entertaining, in fact more so than informative. I regret that when I use to e-mailed them with my rather
arrogant critiques , that they responded so hurt and indignant,
and requested that I not e-mail them any more. So now they have
have someone slip over here on SI to find what I have to say. <G>
Jim
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