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To: donald sew who wrote (17117)3/1/1999 7:06:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
I really hate listening to CNBC and I don't quite know why anyone does...at least not to make decisions anyway.

For me it's just comic relief, it's on as ear candy in the background some of the time. I don't know what to make of the reports, the "normal" thing is let breaking news simmer for 3 days and then trade against it but in the case of Analysts speaking on CBC I would have to guess that it means less than Dan Dorfman spiking a stock for 6.53 minutes.

If you don't know what I am talking about on that score, Dorfman was the Original Heard on the Street tout who would tout a stock or three and the Nasdaq MM's would go bats while SOES Bandits drove the issue into daytrading Heaven or Hell for about 6 or 7 minutes. The CBOE actually put in televisions to protect traders against the Dorfman segment.

Generally I think CNBC tries to posture as honestly as they can but the people they put on the program are there for entertainment value. Who gives a darn what they say. One person could be the best analyst on the planet but boring as nails so instead we will be treated to someone who is entertaining but dumb as nails.

Whatever sells newspapers, you know?