You don't get it. CNBC (properly should be renamed CN-BS) is one of the "Powers".... made up of the Administration, Fed, Financial Services Industries, and Media. All are in collusion to obfuscate facts and promote bullishness on all fronts for their own interests. Truth be damned!
CNBC is fine to watch, I watch it everyday all day, but if you're trying to trade off it, you're probably clueless. The bashing of CNBC in this thread is silly. CNBC is news and its entertainment, take it for that and that alone. It makes no difference what their tone is regarding the current market. The tone of their voice does not move the markets and does not make a bit of difference in trading. Traders need to focus on what matters and this really doesn't matter.
In all fairness to CNBC, Bob Pasani has stated that even though the market has been up the A/D Line and other tech. indicators do not support the strength.
I put CNBC on mute just so I can see the indexes, stock ticker and news alerts. What Mark and David bullshit about or how funny it is for them to push the AFLAC button over and over is no different than Cramer in a way. CNBC targets the Money Magazine audience which makes sense since mutual funds and places like Fidelity and TDWaterhouse are their main sponsors (commercials).
I don't agree with this assesment. IMO they are pretty good about reporting both sides of market. However, when it comes to GE, they are clearly biased towards reporting good news vs bad. To be frank with you, I have either CNBC of Bloomberg on most of the day (mostly Bloomberg) but with the volume turned down. nitro
i gave up watching cnbc, bloomberg etc years ago. theyre all the same. i now watch this free streaming news service.... http://www.nakednews.com/ 1st class journalism (better than cnbc & bloomberg anyway)
Per usual, I agree with Gnome. However, I will make one exception. CNBC Europe is actually decent. Whenever I am up watching the overnight markets, I find they really do cater to a more cynical and sober audience. The guests are no frills for the most part and display more critical thought and reasoning.
<center><img src="http://members.lycos.nl/bfsoulwalker/Marvin-01.jpg" height=150 width=100></img> <i>this gets me SO angry!</i></center>