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Pastimes : CNBC -- critique.
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To: Don Dahler who wrote (1503)8/28/1998 4:17:00 PM
From: capitalistbeatnik  Read Replies (1) of 17683
 
What do any of these short term trends have to do with the status of Cisco, GE, Applied Materials, etc. five years or ten years from now? This is clearly more psychological than reality-based. And who cares about markets anyway? I buy stocks, not markets. I wish the pompous morons like Acompora who keep trying to predict the Dow would shut up and the CNBC would stop asking them the direction of the market. Obviously all this hype is designed to boost commissions. To every season on Wall St., churn, churn, churn.

A decade after Peter Lynch's book, "One Up On Wall Street", people haven't learned a thing.
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