Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
CNBC - Gotta Love It!
Old 01-16-2008, 07:16 AM   #1
Recycles dryer sheets
 
Join Date: Mar 2006
Posts: 206
CNBC - Gotta Love It!

Watching CNBC yesterday and was amazed at the number of experts talking about how they had gone defensive some time ago and how they saw the downturn coming.

These were the same people that were telling everyone to buy just a very short time ago (at a much higher S&P)

I find it remarkable that people that get paid much more than I do (did) can only explain what the market is doing after the fact. I can do that!

I think that CNBC should review the results of their experts and when they are wrong no longer allow them on the shows. At the end we would have an accurate few (but my bet is that we wouldn't have any "expert guests" left to interview.)
__________________

__________________
I'm trying to find myself.* Have you seen me anywhere today?
Mysto is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-16-2008, 07:44 AM   #2
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,887
I regard CNBC as simply entertainment, and enjoy it as such.

I would not use any of their shows as a financial advisor, and would not recommend that anybody else do that either. I do like the fact that some of their shows inspire me to think and reconsider, but believing in their bull or bear predictions would be taking things WAY too far (for me, anyway).
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 01-16-2008, 08:25 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,437
I agree. Some of these guys portray themselves as being right all the time. I find myself watching less everyday. Might be because the market sucks right now though.
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 01-16-2008, 08:44 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
I watch for the concise infromation and insightful commentary because of Becky Quick and Michelle Caruso-Cabrerra...

Mostly just background noise while I drink coffee.
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 01-16-2008, 08:47 AM   #5
Recycles dryer sheets
 
Join Date: Jan 2008
Posts: 136
Same here, only reason I watch is for Becky ;-)
__________________
serie1926 is offline   Reply With Quote
Old 01-16-2008, 09:03 AM   #6
Full time employment: Posting here.
VaCollector's Avatar
 
Join Date: May 2007
Posts: 544
....and I suppose that I'm the ONLY one watching lusting after Erin Burnett or Maria Bartiromo and hoping that CNBC just might start their own version of "The Naked News" their insightful information regarding investments, huh?
__________________
VaCollector is offline   Reply With Quote
Old 01-16-2008, 09:06 AM   #7
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Quote:
Originally Posted by VaCollector View Post
....and I suppose that I'm the ONLY one watching lusting after Erin Burnett or Maria Bartiromo and hoping that CNBC just might start their own version of "The Naked News" their insightful information regarding investments, huh?
Maria Bartiromo? Naked, are you kidding? Yuck!
__________________
73ss454 is offline   Reply With Quote
Old 01-16-2008, 09:17 AM   #8
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
since most of those guests are fund managers, they are doing exactly what they are paid for. protect their funds and their investors' money at the expense of everyone else. they have no fiduciary duty to any of the viewers
__________________
al_bundy is offline   Reply With Quote
Old 01-16-2008, 09:19 AM   #9
Recycles dryer sheets
poboy's Avatar
 
Join Date: Jan 2006
Posts: 362
Financial shows are similar to the local weather on television, except rather than forecast the future they tell me what happened yesterday.
__________________
Fat, drunk, and stupid is no way to go through life, son.
poboy is offline   Reply With Quote
Old 01-16-2008, 09:45 AM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,470
Quote:
Originally Posted by HFWR View Post
I watch for the concise infromation and insightful commentary because of Becky Quick and Michelle Caruso-Cabrerra...

Mostly just background noise while I drink coffee.
Me too - they are my faves! (and I'm female)

Erin drives me up the wall! Especially when she gets with Cramer.

Dylan Radigan cracks me up.

It's just fluffy infotainment. But it sure beats watching the other news networks.

Audrey
__________________
audreyh1 is online now   Reply With Quote
Old 01-16-2008, 09:47 AM   #11
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
she used to write for the WSJ D section and started doing guest appearences on CNBC and then they hired her full time

bloomberg is no better and they have those stupid numbers taking up too much screen space
__________________
al_bundy is offline   Reply With Quote
Old 01-16-2008, 11:51 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by Want2retire View Post
I regard CNBC as simply entertainment, and enjoy it as such.

I would not use any of their shows as a financial advisor, and would not recommend that anybody else do that either. I do like the fact that some of their shows inspire me to think and reconsider, but believing in their bull or bear predictions would be taking things WAY too far (for me, anyway).
You would be amazed at the number of "DIY"'s that think CNBC is a "free financial advisor" that understands them............
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 01-16-2008, 12:31 PM   #13
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,887
Quote:
Originally Posted by FinanceDude View Post
You would be amazed at the number of "DIY"'s that think CNBC is a "free financial advisor" that understands them............
Oh golly!! (gulp)

And I thought I was naive when it comes to investing!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 01-16-2008, 12:43 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by Want2retire View Post
Oh golly!! (gulp)

And I thought I was naive when it comes to investing!
Believe me, this board is in the top one-tenth of one percent of all the folks I meet out there, with regards to understanding investments, etc.

I could tell stories for days on the unbelievable things I have seen people do regarding their money............
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 01-16-2008, 12:48 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,018
Quote:
Originally Posted by FinanceDude View Post
I could tell stories for days on the unbelievable things I have seen people do regarding their money............
Do tell!
__________________
Meadbh is offline   Reply With Quote
Old 01-16-2008, 01:11 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Well, here's one off the bat. How about taking the pension option "lifetime only", when you have had prostate cancer, your wife is 8 years younger, and you were the primary breadwinner?

Hmmm..........ok, another one. Taking an early withdrawal from your IRA account to fund your son's "start-up business", getting whacked with penalties to do so, and then getting sued from son's vendors after he closes up shop without paying them. Turns out Dad was on the business paperwork as a "partner"............
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 01-16-2008, 01:32 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,450
Quote:
Originally Posted by FinanceDude View Post
Well, here's one off the bat. How about taking the pension option "lifetime only", when you have had prostate cancer, your wife is 8 years younger, and you were the primary breadwinner?
I can't top that one. On the other hand if he hated his wife that would be a great way to get revenge from beyond the grave.

I'm thinking we need a financial darwin award for people least capable taking care of their money.
__________________
clifp is offline   Reply With Quote
Old 01-16-2008, 01:34 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by clifp View Post
I can't top that one. On the other hand if he hated his wife that would be a great way to get revenge from beyond the grave.

I'm thinking we need a financial darwin award for people least capable taking care of their money.
Let's get one started on here, we have plenty of seasoned judges..........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 01-16-2008, 04:34 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,881
Quote:
I find it remarkable that people that get paid much more than I do (did) can only explain what the market is doing after the fact.
This is the reason for the existence of CNBC. Did you not get the memo?
__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Old 01-16-2008, 04:47 PM   #20
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,951
They're running a series of promos featuring well know CEO's and others that goes something like:
"Im a big-wig............I run the world...........and I watch CNBC"

........makes me gag whenever it runs.
__________________

__________________
jazz4cash is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Gotta Love AIG................. FinanceDude FIRE and Money 3 09-27-2006 10:15 PM
Gotta love technical senior management cube_rat Other topics 14 04-14-2006 06:37 PM
T. Rowe Price Retirement Calculator - Gotta Love It! Mysto FIRE and Money 2 03-22-2006 10:48 AM
CNN vs CNBC or MSNBC KB Other topics 9 07-26-2005 12:24 PM

 

 
All times are GMT -6. The time now is 07:15 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.