One factor missing in all above comments: When news finally hits CNBC -- more indiv stocks than macro eco numbers -- that is good sign to get out.
I was a subscriber to CNBC two times and during both phases by performance decreased. Once I canceled my subscription it immediately went up again... But I really miss Sara Eisen...
The irony of CNBC is the sell siders are the ones buying ads but the best ratings for CNBC is when the markets are crashing like when they have a Markets In Turmoil special.
%% WHEN i watched it a bit; Rebekka [Becky] Quick was on. I also remember when IBD founder [WON]was on there , one asked him ''do you day trade??'' He frowned --which most likely meant no,LOL + then noted he used weekly charts. But he did not say if it was 5,6 or 7 day weekly charts. Probably 5 days close to close, his website still uses those..........................................................................
Any news you get from CNBC is late. Insiders have already acted on information they have. That is why news is useless in trading. I only use news after the fact to get an idea why a stock moved a great deal. Technical analysis of stockcharts is far better because you get clues even before, most of the retail traders know about it. Now, I do not know the catalyst and it does not matter either as long as your trade is properly, positioned to take advantage of any surprises. Now, you have some ET trolls who claim technical analysis is bunk, which is fine. Ignorance hurts only those who have no clue. I am tired of debating these fools. Waste of time and effort.
I think CNBC knows their viewers very well. They are partly responsible for the gamification of trading.