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Pastimes : CNBC -- critique.
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To: JRI who wrote (2273)2/18/1999 11:00:00 PM
From: Gary M. Reed  Read Replies (2) of 17683
 
I agree. Merrill Lynch was publicly loud and clear about their bearish calls back in October--not so coincidentally at the market's bottom. Anyone who turned bearish at the bottom doesn't deserve airtime. For Christ sakes, you couldn't have been more wrong. And they were bearish all the way up to 9000 and then we were just supposed to forget about their bearish stance.

With all the financial sages on Wall Street, I would think you could find more credible people than ones who say "sell" at the market bottom and will likely turn fully bullish at Dow 10,000.

Fully agreed: if you must put these people on on a constant basis, at least fully disclose their recent track record. Let's face it, the Merrill boys aren't on because of their performance figures, they're on because they have a big name.
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