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


To: Mark Marcellus who wrote (7558)3/22/2001 9:09:26 AM
From: Joseph Beltran  Respond to of 17683
 
CNBC still doesn't get it. They should adopt a policy of not interviewing any in house analysts from any brokerage. Moreover, they should not report -on the air- any upgrades or downgrades from any of these analysts. Just post those upgrades/downgrades on their web sites if viewers are interested. This policy would get rid of the problem of giving air time to any of these frauds who have a blatant conflict of interest. Furthermore, it would cease to provide a public forum to those who use it to promote their own agenda...
Now let me see: Do you think CNBC can manage to find some independent analysts to interview? Can Maria shut her trap amd quit saying that "her sources" have told her this and that?....Does she have any clue whatsoever that she is being used? Or maybe she knows that...



To: Mark Marcellus who wrote (7558)3/23/2001 8:51:03 AM
From: Mark Marcellus  Respond to of 17683
 
This morning on SB, they're holding Erik Gustafson's feet to the fire and asking him to justify his past bullishness. And Maria, of all people, is asking the question. Maybe we are seeing a new CNBC.

Erik's response is that he's paid to hold stocks and not cash (reasonable). But then he goes on to blame the Fed and say that his mistake was in not anticipating their unreasonable tightening. Now, to believe this you have to believe that Cisco at 82, EMC at 104, GE at 60, etc. all would have made sense if only it weren't for that mean old Alan Greenspan. Anybody who buys that argument should definitely rush to invest money in the Liberty Growth Mutual fund.