Discussion in 'Trading' started by MrDODGE, Mar 14, 2008.
They are trying to pump the market again. Breaking news flag is being shown on every story.
Why do you waste your time watching CNBC, try FOX Business news, same news with a little less cheerleading.
anything to them is breaking news...
It's funny you mention that.
I had someone show up the other day wanting to refinance their mortgage.
They had a 4.5% on an existing 30 yr fixed from a few years back and wanted to refi into (at a minimum) 6.0%.
When I asked them what made them want to do such a thing- They said "because rates are lower now, they were talking about it on CNN and CNBC so I wanted to take advantage of it while it lasts".
Then they were angry almost to the point of argument that rates were not lower even though CNBC said they were. They were telling me I was wrong.
Funny how many people are so easily manipulated by financial TV shows/news.
It's funny, but it also shows exactly how ignorent your average American homeowner/consumer is when it comes to credit and the markets. That is at least as scary as it is funny.
The graphics guy is probably very long and trying to do everything in his power to save his 401k.
You are absolutely right.
CNN has day and a half old stories with the banner "Developing News"..
Separate names with a comma.