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CNBC Sucks
Here's Jon Stewart from The Daily Show telling us why CNBC sucks:
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Replies to This Discussion
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Permalink Reply by Willie on
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Monopoly media is bad. The limited cable news channels give us limited news. The limited music channels give us limited music. The limited history channels give us programs such as Ice Road Truckers.
Following this track record, it is no wonder that the limited cable financial channels give us limited financial information from a corporate point of view.
Do yourself a favor. Cancel your monopoly media cable packages and spend more time on the internet.
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Here's an interesting article about how Jim Cramer Uses CNBC to Manipulate Stocks
"The story begins when a very highly respected journalist and business editor for the Columbia Journalism Review, Mark Mitchell, decides to look into allegations made by the CEO of Overstock.com, that some top hedge fund managers, in cahoots with a circle of financial analyst and reporters, had conspired to make a lot of money by betting short on companies and then systematically destroying those companies by spreading false negative information about them and employing other tactics such as flooding the market with "phantom shares" to drive down a stocks value."
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Permalink Reply by James Scott on -
I went on Hulu.com and watched the last few episodes. He really is laying into CNBC and Cramer. I especially like how he is mocking the "In Cramer We Trust" ads as if Cramer is a god.
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