5 Reasons to Hate CNBC

By TheWild1 at 9 January, 2008, 10:43 am, Categories : General

CNBC used to be a very nice resource for me, but that was when I was young and naive. The shows can still be entertaining to watch but there really isn’t much that is informative. Here are my top 5 reasons why.

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Talk about the same thing over and over: Like every respectable news channel, once there is a breaking story they won’t stop talking about it, which plays into number 2.
Their goal is to gain viewer ship rather then continually inform: You can’t blame a TV station for doing this, but that is not what I want out of one of my financial resources. That is why you see that same stories repeated over and over. They are trying to bring new viewers up to date.
Mad Money is a complete waste of time: This is probably more fault of the producers, but it is absolutely pointless in my opinion to try and cover dozens of stocks in one hour. I would like to hear more then “buy, buy, buy” or “sell, sell, sell.”
Ticker is pointless: I would like to see more then the same 10 stocks repeating over and over.
News is late: Just like almost all big time financial sources, the news is almost always too late making it almost worthless.

Now there are a couple good things about CNBC such as: possible trading ideas and entertainment. But that is about it. The stock market is too big for one station to try and cover everything that goes on, so you might as well use CNBC.com rather then the television channel.

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Comments

John October 4, 2008

Couldn’t agree with you more. I’ve had a running battle with a few of the anchors with their loquaciousness and bombastic approach (Ratigan & Haines), flirtatious and coquettishness (the “Melissas”, Burnett and Trish) and their unrelenting approach of getting experts on for thirty seconds each. The latter serves no purpose because there is no pulp to review. Nothing but sound bites.

I understand that TV in this age is nothing but bells, whistles and lights to keep the masses glued, but the constant deluge of hedge fund managers, analysts, economists, CIO’s and the like do nothing but to fill up space between the constant 10 commercials they run over and over and over and over…. (also, notice how EVERY commercial has background “jingle” music with the same repetitive “doo-doo-doo” music?).

I am now a transformed Bloomberg viewer.

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TheWild1 Reply:
October 4th, 2008 at 2:44 pm

Yeah I have recently began reading more of bloombergs site work.. don’t really do a lot of finance tv these days

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