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

To: Margaret Mateer who wrote (7576)	3/23/2001 10:52:12 AM
From: Joseph Beltran	Read Replies (1) \| Respond to of 17683

what is also regrettable is that we, the public, are not holding CNBC -which provides these frauds with a public forum-, or the brokerages who hired these frauds, accountable. CNBC is using public airwaves to let these clowns express their so called opinions without disclosing their blatant conflicts of interest or otherwise critically examining their credentials or opinions. It doesn't stop there, either. When they introduce these clowns, CNBC refers to them as "influential analysts", "widely followed", etc..... yeah, right. keep hyping them. Then they repeatedly re-broadcast these analysts' upgrades and downgrades throughout the day, giving the "opinions" the appearance of "legitemacy". They go even further: more often than not they publicly announce a "causal connection" between the price movement of a stock and an analyst's opinion, thereby giving the opinion even more alleged "legitemacy". Educated investors understand that CNBC is mostly a joke. The harm they do is to novice or gullible investors...