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CNBC, please report something regarding investing

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Beavker Donating Member (784 posts) Send PM | Profile | Ignore Tue Feb-03-09 02:46 PM
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CNBC, please report something regarding investing
I'd just love to see CNBC actually let us know how to make money in this economy, or the upcoming economy under the Obama stimulous package, or under potential new regulation. QUIT LOBBYING FOR YOUR WALL STREET, GOP, FINANCIAL SECTOR ELITE and give the public some information that they couldn't come to a conclusion about themselves. Your job and your idiot thieves you have on the show everyday preaching whatever it would be that will help their cause, is to play within the rules, given the circumstances that be, and try to make us "Mainstreeters" some money!

The NFL doesn't let it's players make the rules. Do they get a say? Sure. But if we let them make all the rules, it would not make the game better to watch for the ones that ultimately pay their salaries, us. They tried that, it was the XFL, it was a joke and if failed. Wallstreet is turning into the XFL, and CNBC has bought the rights to show all the games appearantly. If anyone out there knows someone that works at CNBC in any way, kick them in the ass and tell them it's for the people that aren't drinking their Kool aid.

Thanks for the chance to Rant.
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Common Sense Party Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-03-09 02:53 PM
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1. No...when CNBC actually DOES talk about stocks, they're about
as useless and as dangerous to honest people's wealth as madman Jim Cramer.

They talk and hype the bubbles up and then moan and whine and ask, "Why did they let this happen?" when the bubbles burst.

Anyone watching CNBC hoping for knowledge or wisdom is on a fool's errand.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-03-09 03:29 PM
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2. CNBC is for entertainment only
I'll admit I like watching it in the morning with Mark Haines and Erin Burnett, but I dont take them serious.
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Beavker Donating Member (784 posts) Send PM | Profile | Ignore Tue Feb-03-09 04:30 PM
Response to Reply #2
3. Mark Haines
He's not bad. He's kind of like Lou Dobbs, just seems to not like anything. And he did rip Rush the other day. Erin drinks the Kool-aid a bit more, but isn't as incendiary as Carussa-Cabrerra or my favorites...Larry Kudlow and Charlie Gasparino.
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pam4water Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-04-09 11:49 PM
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4. They are sticking to the hold Lehman Brother Shares as investment advice.
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lxlxlxl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-05-09 09:18 AM
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5. Did you hear about boycott CNBC day? It's TODAY!
Happy Boycott CNBC Day!
Posted by Tracy Alloway on Feb 03 10:01.

StockTwits has proposed today be official ‘Boycott CNBC Day.’

Their reasoning for blacklisting the business channel is outlined below.
Boycott CNBC Day on Tuesday February 3

We are boycotting CNBC on Tuesday February 3, 2009 and ask you to join us.

We are boycotting CNBC because of what we perceive as a gross lack of accountability and editorial judgment.

We are boycotting CNBC because they produce shows with personalities who take zero responsibility for stock picks and markets calls which misinform viewers and distort the severity of the economic crisis.
from http://ftalphaville.ft.com/blog/2009/02/03/51971/happy-boycott-cnbc-day/

We are boycotting CNBC because they trot out so called expert guests who have cost investors millions without warning viewers and allow these guests to pump themselves up without demanding the disclosure of performance…

Of course, this isn’t the first call for a protest against the network. The Boycottcnbc blog was started last year, lambasting the channel for taking down an online poll, and more recently, Howard Lindzon accused the channel of serving up ‘financial terrorism.’

The most withering assessment we’ve seen of the network so far (and conversely the boycott), comes however, from Condor Options:
Stocktwits is calling for a boycott of CNBC for tomorrow, February 3rd.

Of course no one actually watches CNBC, except in the way that hipsters drink Pabst and grow mullets and go to monster truck rallies. It is enjoyably kitschy to hear Larry Kudlow praise the virtues of laissez faire capitalism as if the last two centuries hadn’t happened, and to watch the flashing banner alerts and wonder at how our culture has become so addicted to primary colors.

But their crass aesthetic and ideological immaturity aren’t the primary reasons to disregard the network. The real problem with mullets and Pabst and Toby Keith songs, and with CNBC, is that there are people, large swaths of humanity, in fact, who apparently regard the above unironically. And there are others who trade based on how they suspect the hoi polloi will react to the news of the hour. And so on. Conflicts of interest abound, performance assessments are entirely absent, and the only service provided is stimulation, not information.

So for those with any sense, a boycott of CNBC will make tomorrow no different from any other day.

Ouch.
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