To: Cynic 2005 who wrote (3975 ) 11/16/1999 5:01:00 PM From: John Carson Read Replies (3) | Respond to
First time posting to this thread so not sure what all has been said already. My observation is that all three financial stations, cnbc, cnnfn and bloomberg (not so much bloomberg) are brainwashing the J6Ps (and everyone else) of the world. J flips on the TV before he trudges off to work in the morning and hears all the bullish nonsense, J keeps pouring his hard earned dollars into bloated stocks and mutual funds. When this thing unravels watch out, J will not like that. The TV stations are owned by big corporations like GE so the stations have to be bullish and hype the company stock. It is like communism where the state controls the media, here the big corporations control the media and get a big boost in their stock price which allows them to gobble up smaller companies and so on. So when you see Maria all excited in the morning on the floor of the exchange, she is doing just what Jack Welsch wants her to do, hype his and other over extended stocks. Never in history has the stock market been so popular, probably not even in 1929. Personally I do not even watch football games anymore, I would rather watch Maria or that Romans chick on cnnfn. When it all ends, those TV announcers are out of a job, they know that, so to preserve their jobs, they hype stocks. All these washed up news people like Tony Guida and Jack Hafferty are now employed because of this runaway market. No runaway market, no one watches washed up anchormen doing financial news they know nothing about and have no business reporting about. People will look back ten or twenty years from now and have a good laugh (or cry) at what has been going on these past five years with the market and the media, truly unprecedented.
