CNBC = Joke

[Rant]
Well - I think it's good to have CNBC or Bloomberg on the TV when I trade - at announcement time, it's about as fast as any way (apart from looking at the charts) to get the results.

Lately though - the assholes working there are really starting to hack me off. All they do with their guests is ask them a question, let them say 2 words & then talk over them.

Why have experts on at all if these Journalists (and that is all they are) just talk over them ?

It's annoying the shi t out of me, it really is. Nice tits on the blonde piece though...

Trouble is - it's not as if there's much choice here in Bangkok - it's the 2 channels or nothing. I'm not a Bloomberg fan but may have to switch.

We need a traders radio (on the internet of course).
[/Rant]

did they turn you down again ?
"our asia correspondent, live from nana plaza, with a chilling insight into the impacts of the economic downturn"

pedro01 said:

[Rant]We need a traders radio (on the internet of course).
[/Rant]

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I think Arabian and Kilphil would make for interesting traders radio....

They could have their good friend as special insightful guest.... Spanish!

Why do I get the feeling I am not being taken seriously here ?

wasp said:

They could have their good friend as special insightful guest.... Spanish!

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special guest ??
he should have his own show !!

like the Apprentice, but something like the W@nk@r

Yeah i know what you mean but cnbc and bloomberg etc are a waste of time 99% of the time for analysis anyway.

Watch bloomberg or if you have to, mute the volume on both bloomberg and CNBC and just look at the headlines at the bottom of the screen.

What annoys me is the presenters think we give a toss about their opinions & want to listen to them rant over the guests. I'd rather know what the guests have to say - especially when it's US govt/FED people.

As it is - the presenters EGOs get in the way of any sensible discussions.

It's like watching professional wrestling, except with finance.

CNBC (U.S.) is the absolute worst of all time. Nothing but cheerleaders and hypesters like Cramer and the Cramer wannabees on "Fast Money." Kudlow is a joke as well, nothing but eternal optimism, no realism. CNBC Asia & Europe is much better.

Best financial news is the "Nightly Business Report" on PBS, no hype, no cheerleading, no doom & gloom, just news...boring, but worth watching. Bloomberg is good too.... dry, but good.

pedro01 said:

What annoys me is the presenters think we give a toss about their opinions & want to listen to them rant over the guests. I'd rather know what the guests have to say - especially when it's US govt/FED people.

As it is - the presenters EGOs get in the way of any sensible discussions.

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is it perhaps because the Networks, with advertisers, sponsors and viewing figures in mind, have instructed the Presenters to be upbeat & bullish and anyone who isn't 'on message' swiftly gets pushed aside ?

i don't know, I only watch bloomberg with the volume turned down so I can fantasize about Susan Li

rathcoole_exile said:

is it perhaps because the Networks, with advertisers, sponsors and viewing figures in mind, have instructed the Presenters to be upbeat & bullish and anyone who isn't 'on message' swiftly gets pushed aside ?

i don't know, I only watch bloomberg with the volume turned down so I can fantasize about Susan Li

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CNBC are just chear leaders for the market because they are long stock. In the spring of 2000, right around the top of the market, Mark Haynes was crying because the S&P's were off 20 points before the opening and he said someone or something just cost them money.

The absolute worst is Abbey Joseph Cohen, of Goldman Sachs.
She said, on CNBC, in March/08, that the S&P would finish the year at 1600.
She has been pulling this stunt for years.
Nothing but a chear leader for the market in order to make her and Goldman money.
Hey, even a stopped clock is right twice a day.
She used to have Guru status in the 90's bull market because her and CNBC kept roping enough public pigeons into thinking that investing in stocks was a safe investment.

CNBC invites guests on with the sole purpose of having them talk up the market and CNBC plays the straight man so people don't think that is what they are doing.

Nothing but a bunch of con artists!

Buyer Beware.

rathcoole_exile said:

is it perhaps because the Networks, with advertisers, sponsors and viewing figures in mind, have instructed the Presenters to be upbeat & bullish and anyone who isn't 'on message' swiftly gets pushed aside ?

i don't know, I only watch bloomberg with the volume turned down so I can fantasize about Susan Li

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Not quite. For instance, when government people are on discussing policy, these 'armchair economists' generally gang up on them - last week there were no less than 4 presenters ganging up on a guy from the government - all talking over him & each other to the point where he simply could not answer any question.

Seems that these presenters/economists think the sky is falling in & the government policies of today are to blame for the impending doom. Furthermore, they think the best thing they can do about this is bring a govt guy on, ask him stuff, let him utter 2 words & then have 4 people talking over the rest of his answer.

We all know how far off economists can be (best thing I ever heard an economist say was how he had to stop taking the **** out of his weather girl neighbour for bad predictions once she found out he was an economist) - but these CNBC guys think they have crystal balls.

I may have to write a stronly worded letter to them....

pedro01 said:

crystal balls.

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talking of which, i've just got back from Hua Hin just in time for Susan Li


every time you see her on TV, you can have a mental image of me sprawled starkers on the sofa firing off a few prime ministers nice thought ........

rathcoole_exile said:

talking of which, i've just got back from Hua Hin just in time for Susan Li


every time you see her on TV, you can have a mental image of me sprawled starkers on the sofa firing off a few prime ministers nice thought ........

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errrr.... ok then....