Thursday, July 25, 2002
CNBC sucks! If I had to choose one thing that has screwed up the stock market, it would be the cable news channels...especially CNBC. Instead of breathless anchors archly pouring oil on whatever fires they can find, the finanacial news channels should be the Dow Jones Broad tape scrolling by. Hell, I'd pay money for that. But no...we're stuck with the talking heads who haven't a clue and the "on-air personalities" (I won't be so bold as to call them actual journalists) whose job is to hype the disaster de jour. They fed, and got fat, on the "irrational exuberance" of the 90s and are doing the same on the "infectious pessimism" of the 00s. I am reminded of Don Henley's "Dirty Laundry", Maria et al fit the role perfectly!!
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