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Pastimes : CNBC -- critique.
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To: Chip Anderson who wrote (1675)9/9/1998 8:33:00 AM
From: kahunabear  Read Replies (2) of 17683
 
Balance ? He is the only guy on there that is just a tad bit skeptical. I, for one, am glad that he doesn't sugar coat everything.

I think CNBC, and the mutual fund and brokerage analysts that appear there, are one of the reasons this market has gotten to such crazy levels. Its like one big stock commercial. Most folks that appear, have a big vested interest in selling stocks and seeing the market go up regardless of fundamentals. When valuations get skewed so far to the extremes we may have to suffer the other extreme. Its called inertia. I am all for the market advancing based on fundamentals, but we lost touch with reality a long time ago and are paying the price.

Thanks Ron for providing a little bit of balance in an otherwise hyped market.

WS
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