Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: Jim S who wrote (3698)	9/23/1999 4:22:00 PM
From: Tim Luke	Read Replies (1) \| Respond to of 17683

cnbc reminds me of when i was dealing with penny pump and dumpers

To: Jim S who wrote (3698)	9/23/1999 4:48:00 PM
From: Gary M. Reed	Read Replies (1) \| Respond to of 17683

Jim, I am on the same page with you, 100%. My point is, if you want to get a guest with a bearish view on the market, why not put someone on who has recently changed his market convictions lately? I am sure there are several market players who are negative right now who have positive track records over the past 1 year, 5 years, and/or 10 years. I manage money independently, so I do not have a bias. But in my brokerage career, I remember working for regional firms who got/still have zero respect from the NY media. Firms who had some pretty sharp market-callers. It's almost like, if the opinion doesn't come from a market analyst from a wirehouse firm, he is worthless. And that sucks. You know, the wirehouse guys are THE most clueless, "me-too" guys in the market. None of them will stick their neck out...everyone wants to be a "me-too" guy. Guys should get airtime based on their track record, NOT based on the size of their firm. CNBC should BLAST Merrill for their horrible call at the market bottom last October...yet you hear nothing about it. Kernan and Faber do the hilarious "penguin" segment everytime the "me-too" guys pile on a call AFTER the fact, and what happens? The thin-skinned big boys cry foul to the producers. It's BS. Every friggin' analyst/market prognosticator should have his track record flashed on the screen prior to, in the middle of, and after he makes his calls. If he doesn't want his track record broadcasted to millions, then nix him and get someone on who does. Period. It's BS. Ron interviewing that Dow Theory loser today...my God...why not interview people on the street? They certainly couldn't have done worse that the Dow Theory fools...instead, it is used to accentuate (sp?) this afternoon's decline. Sheesh, Ron, if the market rallies 500 points in the next 3 days, will you go on camera and (properly) call these guys idiots? Like I said, I am short a few stocks, so it's not like I was disappointed to see the market drop. However, I get sick of these PermaBears who have the track record of Columbia U.'s football team, proclaimed as though they were the Tom Osborne or Bobby Bowden of Wall Street. Your track record talks, the BS walks.