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01-16-2008, 07:16 AM
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#1
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Recycles dryer sheets
Join Date: Mar 2006
Posts: 206
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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?
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01-16-2008, 07:44 AM
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#2
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 46,077
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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.
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01-16-2008, 08:25 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 8,863
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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
Investing style: Full time wuss.
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01-16-2008, 08:44 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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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...
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01-16-2008, 08:47 AM
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#5
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 136
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Same here, only reason I watch is for Becky ;-)
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01-16-2008, 09:03 AM
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#6
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Full time employment: Posting here.
Join Date: May 2007
Posts: 544
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....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?  
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01-16-2008, 09:06 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,605
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 Quote:
Originally Posted by VaCollector
....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!
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01-16-2008, 09:17 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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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
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01-16-2008, 09:19 AM
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#9
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Recycles dryer sheets
Join Date: Jan 2006
Posts: 362
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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.
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01-16-2008, 09:45 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 31,929
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Quote:
Originally Posted by HFWR
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
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01-16-2008, 09:47 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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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
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01-16-2008, 11:51 AM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by Want2retire
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).
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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.........:)
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01-16-2008, 12:31 PM
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#13
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 46,077
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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.
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01-16-2008, 12:43 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by Want2retire
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.........:)
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01-16-2008, 12:48 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by FinanceDude
I could tell stories for days on the unbelievable things I have seen people do regarding their money............
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Do tell!
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01-16-2008, 01:11 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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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.........:)
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01-16-2008, 01:32 PM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,684
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Quote:
Originally Posted by FinanceDude
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?
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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.
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01-16-2008, 01:34 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by clifp
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.
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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.........:)
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01-16-2008, 04:34 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,519
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Quote:
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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.
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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.
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01-16-2008, 04:47 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 6,869
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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.
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