Smith Barney FAs
35 RepliesJump to last post
Not that Walk-all-over-ya and Wells are tearing it up now but I’ve seen articles pointing to the failed WB buyout as a pivotal point for Citi. In hindsight, I knew that and should have shorted the flippin stock. But how would a weak Citi and a putrid Wachovia have fared any better? An illusion of strength in numbers?
There aren't that many more shoes that can fall in the financial world you would thing. Commercial r/e is tumbling down. How much more bad news is out there that the market isn't factoring in? Why do the Carolina Panthers suck away from home?[quote=Ferris Bueller]On the bright side, Putsy has a lot of C stock.[/quote]
Maybe, but remember, for the most part, Putsy doesn’t “Do”, he “Teaches”.
Keeping on eye on CNBC regarding C tonight. Why is it that Charlie Gasparino consistently knows the same or less than the general public? My guess is that his “inside sources” dislike him and enjoy messing with his head.
Just because I don’t listen to FoxNews or CNBC doesn’t mean I’m a liberal loon. Far from it, I detest hyperbole and yellow journalism; i.e. news sources comparing today’s situation to the Great Depression.
Ah, now I got’cha. You “listen” to non-yellow journalism, like CNN, NPR and the NY Times, yes?
I've been watching some of CNBC on commercial breaks too and these people make me sick. The sad thing is that if you asked them, they would probably say that they are critically important to the markets. This financial crisis must be a wet dream for them. There is way too much information out there, and a lot of it isn't even correct.Keeping on eye on CNBC regarding C tonight. Why is it that Charlie Gasparino consistently knows the same or less than the general public? My guess is that his “inside sources” dislike him and enjoy messing with his head.
I count on CNBC for market capitulation and ends of bull runs. When they get real depressed and start showing “specials” regarding the melt down, I start buying… Vice versa when they claim the bull market will never end and every fund deservers 5 stars, I start selling…
[quote=YHWY]Ah, now I got’cha. You “listen” to non-yellow journalism, like CNN, NPR and the NY Times, yes?
[/quote]
Bloomberg, Wall St. Journal, and Fark.com.
I think CNBC is good for people that daytrade and churn their own accounts, but that’s about it.
squawk box is good and morning call. After that - from Power Lunch to whatever they're calling Bartiromo's fluff show is complete trash. Fast Money? trash.
I agree. Squawk Box and Erin Burnett are great ways to start the day. After that (beginning at 11am ET) it goes WAY downhill. And Fast Money and Cramer are the worst of the bunch. Kudlow is good but they need to put him back in the 5pm ET slot.
60 minutes did a piece after the 2002 meltdown. They interviewed the folks from CNBC and asked them if they felt like they had anything to do with the issue. They said, no, they were “journalists”. So the guy standing at the NASDAQ at Times Square acting as if he has to go tee-tee real bad because stocks happen to be trading during market hours, and the doofus from squawk box that says he will not even quote the DOW any longer since clearly the NASDAQ is the new economy… These people are ambulance chasing whores selling soap. I tell my clients to watch something wholesome, like Days of Ours Lives.
WSJ is down the middle, Bloomberg leans a little left and FT is leftist with the jealous of America Euro bent.
All, of course, IMHO.
Talking head on CNBC this morning said Citi common is “toast”. Not sure I’d like that kind of downside for anyone other than a trader. There has to be some screaming buys in bank debt. I usually buy Loomis Investment Grade Bond Fund for that niche. That fund is in the toilet but Dan Fuss is a good manager.