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

To: Ted David who wrote (2433)3/26/1999 1:56:00 AM
From: Gary M. Reed  Respond to of 17683
 
Ted I agree with your assessment. In fact, I am no Nielsens expert, but I would have to guess that your viewership actually went up when the market was correcting last fall. If Ma and Pa Sixpack are long DELL or an S&P500 index fund, they're happy to continue watching Oprah as long as the market chugs along; but when things were getting ugly, I would bet they tuned into CNBC a lot more than normal. I remember when I was a retail broker, my clients would never call when the market was going up or churning sideways, but when Saddam was rolling into Kuwait and the market was dropping hard everyday, I'd hear from them on a daily basis. I would have to assume that your viewership ratings are simular.



To: Ted David who wrote (2433)3/26/1999 12:18:00 PM
From: Thomas M.  Read Replies (1) | Respond to of 17683
 
I guess it just depends on one's view of the market. I think we are in a mania situation, analogous to the 1920s in the U.S. or the 1980s in Japan, i.e. near the end of a Kondratieff cycle. I believe this will be followed by a decade or so of indifference toward the stock market.

Tom


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