Mike, Fred Hickey refers to CNBS as Bubblevision. I still laugh about the fact that the talking heads were insulted by Abelson saying they are bullish. "We are journalists. See our hair spray, hear it roar." Then the guy from London calls in and says, "we got our market up today. Hope you guys don't drop the ball." He was joking, but everything they say is bullish, from the party atmosphere on an up day to the funeral dirges on down days. to the comments just before the 512 point drubbing that "the market is down, but it doesn't look that bad." That ain't neutral. It also is bad reporting, if they cared about that sort of thing.
But, the main thing I hate about them is reporting statements from companies and analysts as though they were hard news and not mentioning that they are selling crap to the viewers, so caveat viewer. But, should a bear show up and make some statements, they always give a disclaimer about him talking his positions. They are about as even handed as the guy who killed The Fugitive's wife. <G>
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