Wednesday, March 11, 2009

CNBC - Central Numskull Broadcasting Channel

Can you please say it with me? Does this network have any shame? Have they once done a Mia Culpa on anything? Have they once taken responsibility for bringing on flat liers from all of these fraudulent companies, that have stated that nothing was wrong at their companies, only to have these companies either file for bankruptcy or even worse trade down to penny status? At least Lehman Brothers had the decency to go under, and not allow their shareholders to watch their stock go down everyday with false hope alarming at every turn.

Lehman had the right idea...rip off the band aid real quick, so the pain is much greater and localized for a shorter period of time. You telling me watching Citigroup, BOFA, FITB, RF, and HBAN go down every day brings any shareholder closure? Watching them trade up 10 cents here, 25 cents there after they have dropped 90%, is like a shady doctor telling their terminal cancer patient that there is one more revolutionary cure for the disease that ails them. You have terminal cancer! Make your bucket list. Atone for your sins in this world. I will see you on the other side. I am not being flippant about this, I had a close lifetime friend who suffered for years with Brain Cancer. These doctors never gave the straight story, filled his friends and family with absurd hope, in the end it was all written on the wall. Stop prolonging the pain, if the pain cant be fixed, move on.

These companies I guarantee are insolvent! They have no value whats so ever. The only value inherent in them are the Numskulls at CNBC who need to fill a time slot, because no one with any credibility goes on anymore at CNBC, as well as the Irresponsible Sell Side Analysts who are still whoring for investment banking business. The only value is the static coming out of their mouths, filling people with hope. Give people hope when hope is present, not when its the last and only thing available. There is no HOPE or FAITH in the stock market, Only Fear and Greed. Totally unethical and flat out criminal behavior perpetuated and led by CNBC's Jim Cramer and the nitwits at "Fast Money" amongst others there.

CNBC has been front and center a major enabler for the ludicrous Wall Street behavior of just always buying stocks whatever the problems are. Always buy a weak stock. it will always come back. This should be their catch phrase. For every objective, fair, ethical person that they bring on which is once every 3 months, they bring on 25 moron analysts, 15 irresponsible greedy CEO's, and 150 clueless 'financial journalists", who would not know a balance sheet from a cooking sheet, and a income statement from a credit card statement. What gets me is the general public like my own father who is an Electrical Engineer believe these idiots. They along with my father will have to wait decades to make up the money they have lost by listening to the likes of Cramer and the Slow Money bunch. Thank god my old man is finally listening to me.

My mantra with regards to the Stock Market has always been:

Don't believe anybody who comes on these Financial TV Shows. Secret agenda to keep you stupid. Its a giant scheme to keep people in the dark until its to late.

Don't believe anything you read in the main stream press. This includes the WSJ. These guys are journalists, not financial experts. They talk to other enablers on Wall Street then formulate a ridiculous opinion, which is wrong anyway, because how else are they going to get information?

Don't trust any Sell Side Financial Analyst...Their Ferrari's & Duplex's depend on you believing the hype.

Trust and then verify in triplicate. Do your own homework. Google everything.

Again....There is no HOPE or FAITH when it comes to the markets. To much money at stake.

For God's Sake..For all that is Holy...stay away from Jim Cramer and Slow Money.

Ask someone who has no horse in the race, has no motive, that will give you the straight objective story.

I have been shorting stocks for years. The people in the short community never ever get asked to come on TV to state what is right and correct, which is their opinion. We are never invited to parties, even though we get all the girls, this is a proven fact that has been audited! We are not religious people but we get religion...if you know what I mean. The short community has never been given the proper respect for uncovering fraud.

Was Harry Metropolis ever asked to come on CNBC and speak about Bernie Madoff?

Only after Lehman, AIG, Fannie, and Freddie had started to collapse, were there overtures to the short community to come on and state what was obvious.

America has got to smarten up and take back their country.
It should start with the media.

Stop Watching CNBC & MSNBC mess up their ratings so GE will even feel the pain there as well.

I will have more about Jim Cramer and the other dolts on TV in a post soon.

Good Night!

3 comments:

  1. What Do you think of Bloomberg and Fox?

    ReplyDelete
  2. Fox stinks. They actually have CNBC Rejects on FBN.

    Bloomberg is very good.

    ReplyDelete
  3. Fox stinks. They actually have CNBC Rejects on FBN.

    Bloomberg is very good.

    ReplyDelete