real traders do not watch CNBC, in fact they do not even watch bloomberg, for the most part they are glued to their screens. All television is for entertainment purposes only. ALL. television has to be one of the worst invention of mankind, what benefit does it have? ZILCH
I enjoy watching CNBC. However, I didn't know "traders" were actually trying to use them for information to help with their trading. The thought of such makes me wonder more about the "traders" instead of CNBC. It's an entertainment show that helps pass the time on some trading days when the market is very slow...nothing more other than a few exceptions. However, I mainly do recordings of some schedule show so that I can watch it later that night or another day. Also, I enjoy watching their exclusive documentaries on just about anything that deals with the exchange of money...great stuff. * CNBC Original Productions http://www.cnbc.com/id/25007002/ My favorites are "The Big Business of Illegal Gambling" and "Coca-Cola: The Real Story Behind The Real Thing". With that said, you guys complaining about them implies you must be watching them too and hopefully not for information that you wanted to use to help with your trading. Last of all, here's one of those exceptions about the usefulness of CNBC...I hate to be in a trade when the President Obama or any past president is giving a live speech because the price action in the futures becomes noise. CNBC is very good at letting us know about those speeches because they cover them from start to finish. It's boring and I'm sure most like me see the speeches themselves as a waste of time but the coverage of them by CNBC has one positive thing...it tells me when not to be in a trade unless I want to torture myself via trading price noise. Mark
It would help if they didn't let those who champion the discredited dung of kenes and socialists on the show.
Way in the past, when I could stand the sound of his voice Kudlow keyed two very nice trades for me. The first time the nasdaq had crossed 5000 and captain america was making noises about its continuing rally. I shorted because I disagreed and I personally know the man is an idiot. I bought them back at 3800. Next I heard he and the other idiot, Cramer, saying they were short the 10 year and thought it was going to 6 %. It was trading at 4 7/8%. I got major long. I still thank the chuckle head.
This is mis, no disinformation here. While 98% of the news is worthless rehashed tripe, there is actual tradeable news. To say there isn't is preposterous. Non Sequitur
You can blame Mark Hoffman and the rest of the current CNBC exec bozos for this. CNBC went to success with this 'football pregame' format when Ailes (yes, the same Ailes now at Fox) ran it. But at least they had some sort of professionalism back then. (1993) Now for the past 4-5 years, it's been a full blown circus with overly-flashy Pyburn graphics and circus-sounding James Ryan/Rampage theme music. The old Edd Kalehoff theme that they had in 2000 was much better. (http://www.tvmusicmuseum.com/documents/36.html, scroll down to 'International Demo' and pick on CNBC Anthem) I have now started to tune away from the whole financial format in general aside from the overseas versions and *some* Fox Business) It gets tiring and stressful after awhile.