IMO, CNBC far inferior to Bloomberg radio for accurate, non-delusional market coverage

[Mike 03]

There are a number of excellent threads about what happened today on the markets and why. CNBC has been mentioned several times.

I used to watch CNBC at the office but now I do most of my work at home, where I don't have cable TV, but I do have both XM and Sirius, and both of them have Bloomberg radio (which, incidentally, is available free over the internet too). I've learned more from listening to Bloomberg about the world economy and more realistic scenarios for what may occur during this financial crisis than I learned in seven years of listening to CNBC, for what it's worth. It's like comparing a carnival to the Getty Museum of Art. CNBC is a bunch of irresponsible cheer-leading and reckless investment advice. Half of those people are talking out of their asses, calling "bottoms," luring people into devastatingly stupid investment decisions (I've actually heard them recommend buying into the financial sector prior to Lehman's collapse, and repeatedly since).

Anyway, to each his own, but Bloomberg is a much more responsible, intelligent source for helpful information for anyone attempting to understand the global unraveling to come, or how one might approach it from the viewpoint of protecting investment capital from destruction.

Good luck out there. It is a jungle.

[Schema Thing]

1. er so what DID happen today in the market?

and how long until it is erased?

[DJ13]

2. I usually only watch CNBC to see Mark Haines in the morning

His partner Erin Burnett is also decent eye candy.

[Mike 03]

4. LOL, that's okay. Just so long as it's not Jim Cramer

jumping up and down on a desk telling people that now is a great time to buy Broadcom, AXP or MGM.

:puke:


One reason I'm so impressed with Bloomberg is that they actually will spend one entire hour interviewing a Paul Krugman or Steven Roach. It's not all rose colored glasses over there, and when they do give equities buying tips, they actually make sense.

[Lifelong Protester]

3. They are all republican captitalist douchebags, IMHO

I am seriously considering satellite so I can get Bloomberg and BBC. CNBC is so right wing, I can hardly stand to turn on the set. I usually do it with just the mute on so I can see the market tallies.

Up over 800 today, but that won't last.

[Warpy]

5. My dad would watch CNBC 8 hours a day

but with the sound off. He wanted that stock ticker, not the blather.

The screaming heads are only good for comic relief.

[Midlodemocrat]

6. As someone who subscribes to a BloomBerg Terminal, I completely and utterly disagree.

Their updates are horrible. They are at least 2-3 days behind on some things. It's not worth the money.