|
Edited on Sat Aug-18-07 01:33 PM by onyourleft
My take this past week was different than what you saw. I usually watch CNBC from about 4 or 5 a.m. until around 3 p.m. (whenever Maria comes on -- can't stand her). What I saw and heard was that every time the market went down the spin was:
1. This is just a correction. We haven't even hit 10% yet. 2. We need this correction. 3. The economy is very, very healthy. 4. Consumers are holding up quite well. 5. The Chairman really knows his job (although I did hear a few disparaging words about him toward the end of the week). 6. Etc.
I felt that there was a preponderance of "talking heads" with happy talk every time the market fell. Scarcely did they allow anyone on the show(s) who had really negative impressions. Any negative talk was immediately hit with charges of "conspiracy theory" or just not understanding the situation.
We do agree, however, on one point: I, too, would like for them to just read the news and not editorialize. :)
Edited to add p.m. to the 3.
|