11/05/2007

The new Fox Business Channel, a quick look

The successful business channel is CNBC. It's competition up to now has been Bloomberg TV channel, and CNBC has been cleaning their clock. Why? Because CNBC has credible guests and hosts, people who are in the game and who obviously know the game while Bloomberg has a bunch of women who obviously know nothing and have never "been there." FOX is even lower than that and I don't know why they are there if they cannot be better than Bloomberg. Right now the women are plastic and the men are ridiculous. Compare the suits and ties with the no tie "guys on the floor" interviewed by CNBC. Who knows more? CNBC is faulted because they are never talking about a market that is a "short" and find companies that are only long. People who say this don't know the number of successful law suits filed against people who speak evil of company stock. "Talking down a market" in public can ruin your life. How does Cramer get away with it? He has been sued in the past, been under serious pressure from the SEC, and lost a lot of money by trashing companies in the past. Now, if you will check, he trashes the company officials and board members as a way of hitting out at a stock he thinks is toilet bound. One can have an opinion of a CEO.

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