I just tuned in to CNBC for a few minutes.....It seems that Koolaid is the beverage of choice there.

[marmar]

The Bloomberg channel, which I watch more often, is bad, but not nearly as bad as CNBC, it seems. Regular CNBC viewers: Is it always so "Rah-Rah! Don't Believe the Numbers....The Market's Fine"-ish over there?

[libnnc]

1. Yes, everything's rosy 24/7

on CNBC. It's really freaky to watch so I don't tune in that often.

They're like the Stepford Marketeers :crazy: :freak:

[islandmkl]

2. was Jim Cramer spitting all over the place?

jebus, last week even Pat Buchanan had to take issue with this nimrod...

and, goddam, do i hate feeling like PB and i have the same attitude about damn near anything...

[Hydra]

9. Seconded

Any time Pat sounds like the voice of reason, I have to ask myself if I've gone crazy.

Nope. But the world has.

[southern_belle]

10. hehehe

:spray: :rofl:

[Captain Angry]

3. I enjoy Bloomberg as well.

Their viewers are professionals usually, especially when compared to CNBC. I haven't met a serious investor that ever watches the market coverage on CNBC.

It's like watching the videos from the WEF at Davos. The speakers are usually very honest, no panic, no sensationalism, no raised voices, no arguing. Just facts, opinions that have disclaimers, etc.

I have CNBC in my satellite guide only because I get to watch their shows about successful companies like Nike, Wal-Mart, etc. There are usually some interesting ideas in there.

[earthside]

4. Koolaid?

They must be hitting the Jack Daniels pretty hard.

I tune-in once and awhile just for the chuckles.

They are so delusional and so pandering to the brokers and fund managers that I consider CNBC a contra-indicator ... if they insist we've "reached a bottom", you can be sure that the markets have a lot, lot further to fall.

[JNelson6563]

5. Oh yes, whenever bad numbers come out

I tune into CNBC so they can tell me I shouldn't worry. Steve Liesman is one of the worst but, aside from Rick Santelli (who tells it like it is and often slaps Liesman around) they all suck.

Julie

[yorgatron]

6. didn't they prove a chimp could pick stocks better than Cramer?

i swear i'm not making this up...

[KoKo]

7. Dennis Gartman the guy with glasses...is pretty rah, rah, too.

Erin and Mark are the only ones that seem to have adopted a questioning and sometimes scoffing view of what they have to spew out. Notice how they only talk about "traders" and "trading interests" now. I've been watching them for years through all their morphs from when it started and they pumped safe investments through the dot. com. craze when they had two nude guys who had started a company in their garage! At least it used to be funny and they did have a few decent analysts on (you could kind of tell the pumpers from the honest ones in those days) but, now it's crazy. Cramer's Carnival Show is so over the edge one wonders how he stays on...although they always do heavy "disclaimers" after every segment he appears on in the day or on the show. :D I think he got sued for insider trading during the dot. com. bust.

[JNelson6563]

11. Yeah, he's pretty recent to the team I believe

I remember catching him as an increasingly frequent guest a while back. He was so full of crap I knew they'd make him a regular.

Julie

[Bonhomme Richard]

8. The bottom line. The primary support of our economy is............

faith in the economy.
Something one of my economics teachers said, many, many moons ago, when discussing the elimination of the gold standard. It always stuck with me and that is why you hear all the cheer-leading. The powers that be know that once faith is lost in the economy the game is over......for them, and us.
Everything is fine....go back to your regular life.