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

To: Don Dahler who wrote (1544)	8/31/1998 4:47:00 PM
From: capitalistbeatnik	Respond to of 17683

Why is it so far fetched to believe that institutions favor the unsubstantiated approach of market timing and resultant churning that the time-tested approach of buy and hold? They make profits on commissions. They have no vested interest in promoting a buy and hold strategy, which is the same reason they don't tell investors about DRIPs. Stock and market recommendations as pushed by Wall St. firms remind me of the planned obselescence of autos in the sixties and seventies. As if they care about your well being and safety compared to their need for you to keep buying and buying. These people are out to make money (nothing wrong with that) but they are not your friends. Caveat emptor. As far as CNBC, they are rightly concerned about ratings. If they were concerned about quality, why would they hire that poster child of journalistic sleaze, Geraldo?