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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (38329)	10/17/2000 9:50:00 AM
From: Proud_Infidel	Respond to of 70976

ST, One of the main reasons for leaving CNBC was that as you've pointed out they are a lagging indicator; on huge up swings they invite only the bulls and on huge down swings the bear rule the tube. This is true even on daily basis! I also stopped watching CNBC this past summer for similar reasons. In addition to being behind the curve as you point out, they also report headlines selectively. When INTC came out and said they saw lower numbers from Europe, there was never any mention of Infineon or the numerous others who said that they were not seeing a European contraction. They spend too much time talking about their ties or what soup they have in the moring and not enough on substantive news. You could probably have a channel devoted to news from the semi industry only and not have enough time in the day to report all of it. Another reason I do not like them is that they cater to daytraders, when in fact daytraders make up a very small(now smaller) portion of the investing public. Add to this the fact that they highlight "Big Names" like Doubleclick when earnings come around and one can connect the dots and see that they really don't get what they are supposed to be doing. BK