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

To: long-gone who wrote (1255)	8/4/1998 12:46:00 PM
From: lazarre	Read Replies (1) \| Respond to of 17683

<<<<you know, every morning they blast analysts who upgrade/downgrade after the fact.>>>> They should do the same after Squawk as well cause here is the genius Ralph Acampoura calling for a correction possible to 7600. Ok, that's cool. But five weeks ago this guy was waxing poetic about the Market about to reach ever rising highs. I don't think he used the word " Moon " cause that just might be hyping. This guys has changed direction so many times this year, I lost count. He never gets it right and for Bill Griffith to posit that he does more often than not is refusing to look at the facts. My hats off to the Squawkers; the PM guys have some fact finding to do. L

To: long-gone who wrote (1255)	8/4/1998 3:55:00 PM
From: Toby Zidle	Read Replies (1) \| Respond to of 17683

Well, Richard, there was a gold story today (though I did not see it). I heard something about later on CNBC will have an interview with gold fund manager xxx who is telling his clients that now is the time to sell. Since I didn't see it, I don't know if the interview was truly a 'sell' on gold stocks or what. But the point is that CNBC didn't ignore gold today.

To: long-gone who wrote (1255)	8/4/1998 4:21:00 PM
From: Gary M. Reed	Read Replies (1) \| Respond to of 17683

Richard, Yep, they gave your gold a story line. Unfortunately (for you), they interviewed the portfolio manager for SoGen's Gold Fund, where he basically said the future in gold is dead. A gold fund manager's word--not CNBC. Re: Acampora, what an ass. His appearance in the last half hour of trading was no accident. "Leak" the news about his market call in the morning, watch the mkt sell off, then when we're rebounding, have the guy back on spreading his doom and gloom scenario in the last half hour of trading. What a crock. Memo to Ralph A: if you're going to make a market call on CNBC, make it before the market opens on Squawk Box, not 5 hours after the fact when we're already down 200 points. When you predict something like that on CNBC at 3:30 EST, your prediction becomes a self-fulfilling prophecy. Gary