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

To: LLCoolG who wrote (6298)	8/4/2000 6:28:03 PM
From: Ed Forrest	Respond to of 17683

LLCoolG Are you now or have you ever been a rapper?

To: LLCoolG who wrote (6298)	8/4/2000 6:41:58 PM
From: Jim S	Respond to of 17683

G, that was a great post. I don't agree with you (much), but you made your point with humor and clear examples. My compliments. jim

To: LLCoolG who wrote (6298)	8/7/2000 8:12:32 AM
From: Ally	Respond to of 17683

>If you are watching CNBC to make profitble trades, you should realize that it is entertainment.< XLLOL ! CNBC is entertainment as Disney is news, or Star Wars is comedy. But then, to be cool is to be absurd. Side Bar: Harvard Boy is in the lions' den this week. They'll be expecting him to perform Squawk Box's brand of entertainment.

To: LLCoolG who wrote (6298)	8/7/2000 11:27:44 AM
From: The Phoenix	Read Replies (1) \| Respond to of 17683

LLCoolG, Well, first I found you post as funny as others here have. More importantly I do agree with the slant of your post in that CNBC is not a trading vehicle. What CNBC does is attempt to report the news. In doing so they sometimes get the story wrong or over emphasize unimportant facts which then in fact do affect prices of securities. I for one find this distasteful at a minimum and quite irriating most of the time. What I find incredibily distasteful and to be frank, irresponsible, is when CNBC highlights rumors and reports them with a slant of fact. They do this quite often and it in fact isn't reporting at all.... it's creating news when it affects the stock price... and that is simply wrong. So, let's take a look at that for a second... if CNBC were to falsely report say an earnings shortfall and you were to go short on that (trading based upon CNBC) you would be screwed if in fact the reality was the information they recieved was wrong. Then you're screwed. So, I agree, one should not trade based on CNBC, one should use it as a tool to see what others will do (because so many suckers do trade based upon what they say), then do you're own DD and make a decision - did CNBC get it right? Or did they screw up. CNBC is about news and news means getting it out first - getting the scoop. Sometimes this means reporting without the benefit of really do all the neccessary DD... this will occur more and more and CNN/Bloomberg continue to come after CNBC's turf. To trade based upon what these yahoo's say is simply an unprofessional move. FYI - that goes for the analysts that they have on as well since they have a set of biases all their own. OG