CNBC

18 replies [Last post]
imabroker's picture
Offline
Joined: 2007-12-22

Has anyone ever seen or heard stats on the number of hits that CNBC.com gets on up vs. down days?   I can't be the only one that's noticed that even on up days they lead with a negative headline?  It's as if they are doing their best to create down days to drive hits. 
 
Either that or I just hate them.

snaggletooth's picture
Offline
Joined: 2007-07-13

They are the enemy.

Conrad Dobler's picture
Offline
Joined: 2009-01-11

imabroker wrote:Has anyone ever seen or heard stats on the number of hits that CNBC.com gets on up vs. down days?   I can't be the only one that's noticed that even on up days they lead with a negative headline?  It's as if they are doing their best to create down days to drive hits. 
 
Either that or I just hate them.
 
I think it's just that you hate them, and you're not alone.  I really couldn't care less one way or the other about them, but there seems to be a great many FAs that hate them.

Sam Houston's picture
Offline
Joined: 2008-12-01

imabroker wrote:Has anyone ever seen or heard stats on the number of hits that CNBC.com gets on up vs. down days?   I can't be the only one that's noticed that even on up days they lead with a negative headline?  It's as if they are doing their best to create down days to drive hits. 
 
Either that or I just hate them.
 
This is quite possibly the stupidest thing I have ever seen.  CNBC is not there to manage your money, predict the market, or help you decide on your investments.  Their purpose is to sell advertising.  They do a very good job of that.

BondGuy's picture
Offline
Joined: 2006-09-21

Negative news sells. They put a negative spin on positive news. That's their job. Our job is to make sure our clients know the difference between them doing their job and the truth.

Philo Kvetch's picture
Offline
Joined: 2005-05-17

What gets me the most is that we own our recommendations for life, yet that boob Kramer has an atrocious track record and can't be held for ANY of his calls.

stokwiz's picture
Offline
Joined: 2004-12-04

CNBC is financial pornography.
 
Stok

skeedaddy2's picture
Offline
Joined: 2005-09-14

I think they are very smart, talented and hard-working, check out their profiles: http://www.cnbc.com/id/19350718/I consider them eminent distributors of business news. There are plenty of guests who share their opinions and outlooks. In the end, its up to you to interpret and make your own judgement.

OS's picture
OS
Offline
Joined: 2008-11-03

skeedaddy2 wrote: I think they are very smart, talented and hard-working, check out their profiles: http://www.cnbc.com/id/19350718/I consider them eminent distributors of business news. There are plenty of guests who share their opinions and outlooks. In the end, its up to you to interpret and make your own judgement.

I'm guessing that's why your name on this forum is from Kramers show. Just do yourself a favor and don't use a sound board when you start cold calling.

skeedaddy2's picture
Offline
Joined: 2005-09-14

Haven't cold called in a long time, but thanks for the chuckle. 

MinimumVariance's picture
Offline
Joined: 2008-08-20

Don't you remember what journalism majors were like? As I remember they made PE majors seem like intellectuals.
 
I once had this fantasy in B School of watching this technical guy named Ralph Acumpura on the old Louis Rukeyesser show with Fisher Black.

MinimumVariance's picture
Offline
Joined: 2008-08-20

I once had this fantasy in B School of watching this technical guy (named Ralph Acumpura from the old Pru Securities) on the old Louis Rukeyesser show, with Fisher Black.

Mike Damone's picture
Offline
Joined: 2004-12-01

"I'm gonna get the papers get the papers"

Anonymous's picture
Anonymous

MinimumVariance wrote:Don't you remember what journalism majors were like? As I remember they made PE majors seem like intellectuals.
 
I once had this fantasy in B School of watching this technical guy named Ralph Acumpura on the old Louis Rukeyesser show with Fisher Black.
 
In the Operations Management class of my MBA program, we had a journalism graduate.  Guy was an alright dude, early 30's, kindof a meat-head though.  Some of the younger guys in the program got to be friends and we would study together for exams - this happened, no joke, while we were studying for the final (by the way, by "we studied together" usually meant I was helping them prepare for the exam - just to clarify!  )..
 
Anyway, we are working through some stupid word problem in Ops Mgmt, and there was a simply equation we had to do as a minor step in the problem.  It was LITERALLY something like this...
 
2x + 6 = 12
 
So we are like "OK, so X = 3, blah blah blah."
 
This guy says "WAIT - How the hell can a letter be a number, I don't get it?!"  So we explain to him that you subtract the 6 from both sides, then divide by 2, blah, blah, blah.  The guy says, "why do you subtract 6 from both sides, that's completely random - plus I still don't understand how the hell the letter X can also be a number!"
 
Mind you, this was for the FINAL EXAM.  He got through the entire semester of Ops Mgmt not having a clue how to do a simple equation.  He also claimed he graduated with a 3.5 GPA (cum laude) from undergrad.  Remember - he was a JOURNALISM MAJOR.  Nuff said. 

Sam Houston's picture
Offline
Joined: 2008-12-01

So which dude on CNBC is he?

Anonymous's picture
Anonymous

Haha.  Funniest thing about it - the guy is in heavy equipment sales now making about $125K a year.  Probably the 2nd most successful guy in our study group, lol. 

BondGuy's picture
Offline
Joined: 2006-09-21

Years ago when the do-it-yourself industry was just gathering steam Money Magazine became a powerful anti- broker tool of that industry. Then someone did a little digging and found out that less than 30% of Money Magazines's editorial staff had ever made an investment beyond their 401k contribution. They also found that the pro no load fund content in the rag had been bought and paid for through advertising which was something like 80% no load funds. Othe revelations were that the term "no-load" wasn't an investment term. It was a marketing term bought and paid for by The Van Guard Group. I'd say they got their moneis worth considering they probably paid the Madison Ave firm that came up with term very little. Lastly, at the time, Money magazine's commodites editor sole qualification for the job of advising readers on commodities investing was a stint as the celebrity gossip editor at People Magazine. One of the funniest aspects of this was that this "Money Magazine uncovered" expose appeared in none other than Playboy magazine. Too funny! One of the few articles i read.
 
So when it comes to CNBC I think big joke. Financial pornography as Stok has called it, a good description.

SometimesNowhere's picture
Joined: 2008-12-22

Did you read Maria Bartiromo's bio? Might as well be Joe the Plumber.

LuvIndy's picture
Offline
Joined: 2008-06-25

I watch CNBC because of Erin Burnett, Trish Regan, Rebecca Jarvis, and Becky Quick. They are all hot, and make watching the markets entertaining. I liked when for awhile they were all carrying around cups of Starbucks Coffee.

Please or Register to post comments.

Industry Newsletters

Sponsored Introduction Continue on to (or wait seconds) ×