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


To: Greta Mc who wrote (899)4/12/1998 3:11:00 AM
From: Gambit  Read Replies (1) | Respond to of 17683
 
I would suspect that most people that are NEW to the market or maybe not new but not very "experienced". Are the same that like CNBC's view of the market. I having experience find it to be both shallow and not well informed. Bill is just as BAD as it gets with his know nothing investment style. The guest's are flavor of the week and god only knows WHO the people are "This is JOE MARKET taking your calls... Buy AMAT, hold INTC, Sell GE, bla bla bla." As if I'm to trust this person. And CNBC doesn't even care to tell you what this person has done in his/her past performance if any. This alone sickens me.

Add to this the shameful interviewing by many. Again we must hear about the same 50 stocks day after day. And if ever a guess talks about a stock not of that 50. well then the probing question to the guest is. What about DELL, MSFT, & INTC. When was the last time we talked about this on CNBC. 1-2 hours ago? I vote we change the call letters to DELL from CNBC.

So why do I watch?
I can tell you it's not Bill G.The G is for, G is that Dell's stock. maybe I should ask. It has been 5 min since I last asked someone?
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I must say that I do find much of value on CNBC, it only comes from a few people and because of them I still watch. Let Me just say EVERYONE in the afternoon and on can go. The morning team is the best



To: Greta Mc who wrote (899)4/12/1998 7:53:00 AM
From: Mike Gordon  Read Replies (1) | Respond to of 17683
 
Greta Mc: Thanks for your kind response. My comments weren't necessarily directed to you as much as some of the negative and unconstructive criticism seen earlier.

Where I live, I tend to appreciate CNBC more. On the mainland, accessibility was easy. Upon our arrival her we found the tape and news necessary to continue to successfully manage our investments. We really felt the loss. Five weeks after subscribing to Alpha Star, it went Chapter 7. Total loss. Local cable only had 8 to 9 hours a day with continuous interruptions and not very dependable. An editorial appeared in the local paper complaining CNBC was taking channel space instead of the cartoon network. Another $2000 later, we installed and subscribed to another service. Try a 14ft dish in a high wind area.

As an experienced investor, I have learned to look past some of the 'beginner level' programming of CNBC. However, they keep me informed not only to the tape, but the tone of the market. As DELL and INTC seem to be favorites, look at the quantities of the most active list, topics in the WSJ, IBD, etc. and I can understand why they stay with the flow. In the final analysis, their in it for the ratings. I'm in it for the profitable investments, and many times the two compliment each other.

In summary, CNBC and others are with the times. They perform a service for investors who by necessity must manage their retirement funds. Life time employment is no longer encouraged. Moving from job to job creates 'portability' which equals an investment in a 4 wheel drive or a retirement future. CNBC helps define the difference.

Mike