Saturday, March 14, 2009

CNBC

More on the topic of the horrible CNBC editorializing recently.

http://www.nytimes.com/2009/03/09/business/media/09cnbc.html?pagewanted=2&bl&ei=5087&en=2ca99d67ca5bac74&ex=1236916800


As I have said before, I think there should be the following strictures:

Never interview any investment advisor who's obligation is to be 100% invested in stocks.

Never say "GE was up 13% today" when the base for computation is so low compared with its all-time high. Such a statement is offensive and assumes that people have cash to have bought low.

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