To: Lane Hall-Witt who wrote (72628 ) 11/21/1999 2:50:00 PM From: lee kramer Read Replies (1) | Respond to of 120523
LANE: Nice post! David Faber is called the "brain" because he's one sharp guy. Kathleen Hays is one astute bond analyst. The interplay between the CNBC'ers is terrific. Ron Insana is extraordinarily sharp. My only bitch; they have to fill a lotta air time, they tend to be excessively bullish when the market is ramping, excessively bearish when it's tanking, the goobers they interview take calls from "investors" who say "Thanks for taking my call. What's your short term and long term view on XYZ." Talk about pump and dump! They never suggest a stock be sold. The really sharp guys (James Cramer comes immediately to mind) who are honest, tell you that they're holding a position or are short a position (this is called full disclosure) are no longer to be seen on CNBE. Nor is Herb Greenberg, very astute, but his valuable reports on companies that are having problems...companies that'll lose us money...is no longer on CNBC; guess those companies he spoke truthfully about leaned on CNBC to get rid of Greenberg. Instead we get smarmy Larry "I love America and all stocks" Kudlow. We get Joe "the perpetual bull" Battipaglia (though he HAS been right thus far) and Mr. McCabe, a two-year bear, just turned bull, from Merrill "The Drooling Bull" Lynch. And of course there's breathless Maria. We 'gemmers gotta take up a collection to pay for her hospital bills when she gets knocked toochas-over-tea-kettle by a 250 pound floor broker who's gotta get to a floor phone no matter who blocks his path. CNBC for the most part ignores traders; I think they'd be surprised how many traders populate their audience. But worse still, with few exceptions, they've gone from interesting to BORRRING! Hey, a little vent. Doc Kronkite told me to do it. (Lee)