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


To: Smiling Bob who wrote (11396)8/24/2002 11:50:25 AM
From: Hoatzin  Read Replies (1) | Respond to of 17683
 
So I flip over to CNBC last night while The Absorbent One is on a commercial break, and Kudlow is talking about the Dow being down 30-something percent from the highs in early 2000, the Naz down 70-something percent, etc.

Then he asks his guest (Laffer?), "What do you think it will take for the markets to get back to that plateau?"

The guest gave some kind of blabla answer that was of zero interest to me, but I thought, Plateau? Excuse me? I don't recall that being so much of a plateau, Larry! More like a Parabolic-Once-In-A-Lifetime-Super-Deluxe-Madness-Of-Crowds-Tulipomania-Blowoff with all the fixin's. And just what would it take to get the Naz back to 5,000? Maybe 10 years of real economic growth, without any major wars, plague or other disruptions? Or perhaps if the government introduces hallucinogens into the public water supply on a regular basis...?



To: Smiling Bob who wrote (11396)8/28/2002 6:39:51 PM
From: Smiling Bob  Read Replies (1) | Respond to of 17683
 
When I was interviewed by CNBC, my number one fear was that whatever I said, they were going to do whatever they could to trash me. As a former camera operator for a local cable channel, I know the medium is powerful. It's too easy to create the 2D illusion you want with simple editing

Scott Cohn was also interested in some veiled death threats I'd received on the RB "GAAY" message board from what was later discovered to be part of the Colombo? crime family. I wanted no part in disclosing details of my identity and that connection on CNBC
Despite having a track record that outshines any analyst that ever appeared on their network, my worst fear came true. 3 days before my segment was to air and several weeks after the actual interview, Scott Cohn called me to get some details on a matter completely unrelated to the interview. It was a brief and failed involvement with a start-up IR company that encompassed a 3 month period that ended 6 months prior to me beginning my service.
Message 11496238
His call told me his producer didn't like what he had to date- I couldn't disclose the details Cohn sought- and he was desperate for something to justify his trip. Out of one HTML link I foolishly gave him, Cohn ended up rushing a story that implied I was of the Tokyo Joe type. He called me a tout, implying that I was being paid by companies to put out stock picks to my subscribers. It was a complete lie. I resigned from SSA in August 99 and the one company this start-up IR firm or myself represented was never even mentioned to subscribers in any way, shape or form to ensure there was never any problem. But there were scores of other stocks that were sent out, but that didn't suit Cohn's purpose of building a story with sizzle and that was acceptable to their pool of advertisers.
Cohn knew the truth, but his careful wording and the First Amendment protected him. Cohn's final product contained pretty much nothing on my actual track record. I guess because I was never an advertiser on their station.

Cohn did have CNBC legal send a letter to me threatening with legal action for using Cohn's name and endorsement on my website.
web.archive.org

My service ended in 2000 along with the general public's interest in investing. But I am posting again as long as I am able and continue to maintain a stellar track record. As has always been, every call is timestamped with the respective RT bid/ask if appropriate. CNBC faces will NEVER come close to touching it. They will continue to parade their one hit wonder faces on TV in the hopes that they actually get a second call close enough to impress some neophyte viewers
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