cswalker21

SEC Finally Exposes GE's Tricks for Beating Estimates

OK, I'm a dope. Somehow I missed yesterday's headline about GE paying $50 million to settle claims of accounting irregularities. So that's what you are talking about here. Don't most bloggers put in links to help out attention-span-challenged guys like me?

SEC Finally Exposes GE's Tricks for Beating Estimates

"the SEC, after years of digging, has discovered instances of fiddling with the numbers."

A post that contains a statement like this should back the statement up. Fiddling with the numbers means what, exactly? Perfectly legal changes in accounting practices that are disclosed in the footnotes to the financial statements? Or Enron-style fraud? If you're not offering details, at least mention your source. Otherwise you risk running into sensationalism.

Other than that, I agree with this post, but I'm sure markets are able to see through this pesky beating by a penny ever time.

CNBC Viewership Down 28%

I've tuned in CNBC in the morning for years, just to get an update on any economic numbers released and get a sense of where the markets are heading. Lately I have to turn the sound off and just look at the numbers. The commentary is getting ridiculous. All they talk about is politics and it is very one-sided. As these ratings numbers show, CNBC has failed at gaining viewers by turning itself into a mouthpiece for the right wing, ala Fox News.