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stl07
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Posts: 2280
Joined: Mon May 01, 2017 8:57 pm

CNBC today

Tue Apr 07, 2020 9:39 pm

So I had CNBC turned on in the living room while I was eating lunch and there was a guy saying the market has already hit the bottom and is going up and now is the best time to buy and stocks should return to normal by June. Anyways, I turned the TV on later today and interestingly enough, it said in large headline MARKET PLUNGES FROM EARLIER TODAY.

Lol
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Newark727
Posts: 1800
Joined: Tue Dec 29, 2009 6:42 pm

Re: CNBC today

Tue Apr 07, 2020 9:58 pm

I always assumed that CNBC was staffed entirely by coked-up Wolf of Wall Street rejects who spend the entirety of their off-air time on the phone with lawyers trying to get rid of insider trading allegations.
 
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trpmb6
Posts: 3012
Joined: Thu Apr 19, 2018 5:45 pm

Re: CNBC today

Sun Apr 12, 2020 6:43 pm

I get fairly frustrated when they bring a short seller on and the guy touts a stock that may be struggling but otherwise has good financials. Then as he talks about shorting it the stock tanks. No doubt he profits.

The same could be said for those who come on and talk specifics of stocks they are long in and touting their analysis of said company boosting its value. They profit too.
 
PPVRA
Posts: 8468
Joined: Fri Nov 12, 2004 7:48 am

Re: CNBC today

Sun Apr 12, 2020 10:53 pm

I like CNBC but the shows about picking stocks are just crap. As for people trying to time the market, everybody tries, few get it right. Doesn't reflect on CNBC it's just the nature of trying to time the market.
"If goods do not cross borders, soldiers will" - Frederic Bastiat
 
GalaxyFlyer
Posts: 5460
Joined: Fri Jan 01, 2016 4:44 am

Re: CNBC today

Sun Apr 12, 2020 11:09 pm

Yes, timing the market is a sure way to poverty. You might note it isn’t Buffet’s style.
 
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einsteinboricua
Posts: 8238
Joined: Thu Apr 15, 2010 4:11 pm

Re: CNBC today

Mon Apr 13, 2020 1:00 pm

I used to watch CNBC for the tickers and for when big news broke out (GDP readings, unemployment rate, and jobless claims). Couldn't care less about the commentary.
"You haven't seen a tree until you've seen its shadow from the sky."
 
andrej
Posts: 1252
Joined: Mon Jun 18, 2001 8:31 am

Re: CNBC today

Mon Apr 13, 2020 1:09 pm

I find CNBC good for their morning (Asia, Europe, US) shows. Their lunch time and afternoon shows are not worth it. Too many pundits, and day traders.
 
GDB
Posts: 13612
Joined: Wed May 23, 2001 6:25 pm

Re: CNBC today

Mon Apr 13, 2020 1:22 pm

Newark727 wrote:
I always assumed that CNBC was staffed entirely by coked-up Wolf of Wall Street rejects who spend the entirety of their off-air time on the phone with lawyers trying to get rid of insider trading allegations.


Beat me too it! I was going say 'Crackheads with money'.
But that's about elements of the financial industry (purveyors of major slumps and recessions), rather than any one channel.
 
winginit
Posts: 2837
Joined: Sat Feb 23, 2013 9:23 pm

Re: CNBC today

Mon Apr 13, 2020 5:49 pm

stl07 wrote:
So I had CNBC turned on in the living room while I was eating lunch and there was a guy saying the market has already hit the bottom and is going up and now is the best time to buy and stocks should return to normal by June. Anyways, I turned the TV on later today and interestingly enough, it said in large headline MARKET PLUNGES FROM EARLIER TODAY.

Lol


Their objective is not to inform, but to keep your eyeballs on the screen for as long as possible. Remember that.
 
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NWAESC
Posts: 1434
Joined: Thu Aug 30, 2007 1:02 pm

Re: CNBC today

Mon Apr 13, 2020 8:35 pm

I used to watch “Fast Money” because I thought the panelists were fun/entertaining. Then one day one of them gushed about Carl Icahn, and that was enough for me.
"Nothing ever happens here, " I said. "I just wait."
 
stratosphere
Posts: 1741
Joined: Sat Sep 22, 2007 12:45 pm

Re: CNBC today

Thu Apr 16, 2020 3:49 pm

NWAESC wrote:
I used to watch “Fast Money” because I thought the panelists were fun/entertaining. Then one day one of them gushed about Carl Icahn, and that was enough for me.


Exactly Icahn what an S bag ... Almost as bad as Lorenzo

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