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To: Thomas M. who wrote (6701)10/3/2000 10:41:08 AM
From: t2  Read Replies (1) | Respond to of 17683
 
The Parade of Bears continued today with Joe Battipaglia. Man, is that guy ever pessimistic!

One bull in the last 2 weeks. I did not even mention how Mark Hains has been pushing the bear case in a huge way. Just listen to his comments and you would think he trying to tell people that the world is coming to an end.

Joe Kernan (to his credit) also noted the parade of negative guests hosts on Squawk. Even CNBC's own notices this negativity on the part of the guest hosts. He makes note of how everyone is getting so nervous about the market but he just reports it more of a question to the public rather than just giving his own opinions. Great reporting.

Yesterday morning Mark tried to brush aside Maria's report from an analyst. To her credit, she did not just leave it alone and decided to clarify it!

I just don't want the little guy to be scared off by this negativity. I made the most money when everyone turns bearish---just like right now.

I did 1000% last year (stock and options trading) and still up over 50% this year. I just feel concerned for people who are the last to get out before the market turns up and how the media influences them. I think the analysts are fine for recommending people getting out of tech but just don't feel the anchors should be pushing negativity (as some sort of experts). They lose their credibility this way. It is just better to quote the analyst/strategists.