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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (62441)	4/22/2005 2:40:31 PM
From: Slagle	Read Replies (3) \| Respond to of 74559

Shades, Re; Phil/Money Radio. Phil is a nut and a bit of a braggart but mainly he is basically a BEAR and most importantly he is a bear with a microphone and thus is doing the investing public a great service by his efforts. He is helping to level the field and to put out information that causes the public temper their enthusiasm for buying stocks and to counter the stock pumping propaganda that spews out of CNBC and the rest of the mainstream media. One of the main takeaways from Mein Kampf is A. Hitler's theory that a simple idea endlesssly repeated will become a belief and that is the very method CNBC and other media outlets of the money management industry use to steer the investing public in a useful (to the industry, anyway) direction. A perfect example of this is Cramer's TV new show. Florida has lots of talk radio, I guess because of all the old geezers here, and Florida is the only place I know that actually has a variety of Money Radio broadcasters, most of them fairly bearish in tone. I'm sure NYC has a bunch and maybe some other places but most of the country has NONE AT ALL. In Atlanta, as big as the talk radio market is, partly due to the afternoon drive traffic congestion, I have NEVER heard an even mildly bearish money radio broadcast there. Of course Atlanta is corporate headquarters to dozens of public companies and they don't want anyone on the airwaves telling the public not to buy stocks. Atlanta has no Phil or anybody like him. Back in the late 1990's during the tech mania you could go into a manufacturing plant and in the breakroom was a TV set, tuned to CNBC. "CSCO is a GOOD company and has GOOD earnings" on and on and on till the 401K holder believed it and didn't sell their CSCO or whatever. Here on SI, back in 1999 there were some regular posters, I don't remember who but Luc at the CFZ could tell you the names, actually recieved warning letters from attorneys repersenting CNBC threatning legal action for posts here one one of the message boards that were critical of some of the big tech stocks. We need more Money Radio to counter the ill effects of this type of propaganda. Slagle