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

To: Dr. Jeff who wrote (1591)	9/2/1998 2:56:00 PM
From: Early Out	Read Replies (1) \| Respond to of 17683

You knew it had to work that way, yet to have it verified it seems like a scam. Sort of like the advice columnists who write their own letters. -jsc

To: Dr. Jeff who wrote (1591)	9/2/1998 3:55:00 PM
From: Martin Wormser	Respond to of 17683

Dr. Jeff and all, First let me thank you for a discussion of Taking Stock. I knew it was rigged. How about Stock Picking Friday? Same thing? I don't know? Secondly, I disagree with you Dr. Jeff regarding your comment, <<<< I personally HATE CNBC for helping fuel the massive complacency and peoples total obsession with the market. >>>>>>> Complacency? How about the other programs on TV. How many TV shows are about murder, rape, drugs, affairs, etc, etc. Are we unconcerned about murder and rape anymore? You better believe it! CNBC is healthy. Obsession? How about Soap Operas, Day-time talk, Pop-up Video, QVC You want obsession? How about ESPN1, ESPN2, 3... CNBC is healthy.

To: Dr. Jeff who wrote (1591)	9/2/1998 4:15:00 PM
From: S. maltophilia	Read Replies (1) \| Respond to of 17683

<<SHE TOLD ME what his top 10 holdings were and to ask about one of those since that's what he was familiar with.>> You should've had her ask for his 10 most recent sells.<G>

To: Dr. Jeff who wrote (1591)	9/2/1998 5:45:00 PM
From: Thomas G. Busillo	Respond to of 17683

Dr. Jeff, they do fuel complacency, but it's a greater complacency than just complacency about the markets. It's the kind of complacency that leads some people to think "Experts A, B and C have already thought it out. They say XYZ, so it must be right. They've already done the thinking for me, and besides, who am I to question them?" PR flacks and spinmeisters thrive on that attitude. I hate it in general, but IMHO it's especially odious in the markets. CNBC does a poor job of examining the record of its "experts", putting their words in any type of meaningful context or pointing out any potential conflicts of interest. For example, Haines, Faber and Kernan are the only ones I've ever seen report an analyst call and have the journalistic integrity to then point out that the firm recently floated some paper for them. Everyone else just gives them a free pass. What's really funny is when you see the same money managers on their stock picking segments, you hear their calls, and you remember that X months ago they liked the same stock, only it's down X points, and of course no one points that out. They've consistently disappointed me in terms of "quality control", but then again, it's television news. The Newshour with Jim Lehrer, one of the few last remaining bastions of exceptional quality, recently ran a segment on TV-coverage of the financial markets and its impact on viewers. If you're interested here's the transcript: pbs.org Good trading, Tom