Sidestreet above got it right. The last line of the article ( I can't find the name of the author )is a cheap shot. And not only a cheap shot, but wrong. Apparently the writer defending CNBC has not watched CNBC. It's not journalism, it doesn't deliver information that can be trusted, it's fiction about investing. Which would be OK by me if CNBC told us up front they were propagandists for Wall Street. CNBC has suggested to those who actually make stuff or do stuff how to invest their money, and they've been totally incompetent at doing so. What does a doctor know about investing? She's way too busy saving lives. What does a teacher know about the stock market? He's too busy digging around physics, literature, history, biology and other must know stuff or civization collapses. While these folks, to name just two professions, aren't in world to make money, they must rely on those who have studied money to help them out with sound advice. Instead, CNBC throws baloney and pretty girls at it's audience. Thanks CNBC. And no thanks to the writer of the article. John Stewert does more good in the world than Jim Cramer and his fellow manipulators ever will. They should all go away and get real jobs.
Cramer is primarily a TV entertainer and his audience gets what they want: bells, whistles, booms and smoke. He's the P.T. Barnum of Wall Street. People should - but don't - know that when they click to CNBC for his show.
Index Funds Consistently Outperforming Active Management [View article]
Re the above, you obviously like the managed mutual funds better than the "unmanaged" ETF universe. However, the vigor of your funddefense is surprizing given all the evidence to the contrary on mutuals and ETFs.I should say there are great fund managers ( CGM Focused and CGM Balanced as example ). Further it appears that your last comment about only brokers and ETF companies make money from ETF changes begs the question, why are you assuming that ETF investors are whimsical flippers? Sector investing has a long and reasonable history - many mutual funds do it themselves. I guess I just don't buy the adament nature of your argument.
So where's the ETF Barclay's OIL? A year ago it was in the low 30s, now its in the low 70s. That's horse with some giddyap in it, seems to me. How come the author didn't discuss it? Best, Smithoos
Bravo! Confucius said, "The beginning of wisdom is to start to call things by right names," which Philip Davis does here. Unfortunately, the conservative fire ant brigade is going to descend on his post. Good luck, Phil.
Sort by:
Latest | Highest ratedIn Defense of CNBC (Sort Of) [View article]
audience. Thanks CNBC. And no thanks to the writer of the article. John Stewert does more good in the world than Jim Cramer and his fellow manipulators ever will. They should all go away and get real jobs.
Wednesday Outlook: Commodities, Emerging Markets [View article]
Index Funds Consistently Outperforming Active Management [View article]
Enhanced Oil Returns [View article]
Best,
Smithoos
Options Trader: Friday Outlook [View article]
How We Got Into This Pension Mess [View article]
Citi: Break It Up! Break It Up! [View article]