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To: Thomas M. who wrote (5266)4/6/2000 4:16:00 PM
From: Yogizuna  Read Replies (2) | Respond to of 17683
 
The Hype Machine. That was a good article in Business Week.
I was once a little like that guy mentioned in the article who lost $40,000 listening to the stuff on CNBC, until I learned to do "my own thing" and not pay attention to most of the "tips" given out on what some call cheer-leading Bubble Vision.
Can you believe it? Buy recommendations now outnumber sell recommendations 72 to 1! That is totally ridiculous, and in no way justified, even by the market action of the last five years, and especially the last year and a half. The market is worse than a casino these days in some ways. Yogi



To: Thomas M. who wrote (5266)4/12/2000 6:18:00 PM
From: opalapril  Read Replies (2) | Respond to of 17683
 
Two choice excerpts:

"never before has Wall Street raised expectations quite so high--and never before have the media joined in quite so willingly as cheerleaders and stock-pushers.
* * *
Catering to traders, amateurs, and pros alike has long been CNBC's raison d'etre. 'It's inherent in CNBC's business model that they're short-term-trading-oriented, since what they provide is current or short-term news events and analysis,' says Yale's Shiller."


businessweek.com