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Just wondering: since CNBC gives out advice on which equities to buy, sell, short, etc., and many, many people actually do what the cast members recommend, does the show or network have a financial license of some kind to be able to offer their advice? Thanks in advance.
Just wondering: since CNBC gives out advice on which equities to buy, sell, short, etc., and many, many people actually do what the cast members recommend, does the show or network have a financial license of some kind to be able to offer their advice? Thanks in advance.
-Cheers!
CNBC is MSM. So basically if you do the opposite of what CNBC pumps out you will do well. Can't count the number of times someone on CNBC has recommended a specific stock or play, and in the disclosure or when asked about it, they don't even own it. Most of the time when they are saying for you to do one thing, they are doing the opposite. Just Cramer alone has made some of the worst calls of the decade.
if I were a multi billion dollar company who needed to unload stock.I would use Cramer to recommend a bunch of people to buy a stock I was about to unload.
CNBC does not offer good advice on what stocks to buy/sell.
Nor does it do any good to trade contrary to advice offered there.
Trust me, I tried both many years ago.
Read the Efficient Market Hypothesis and you won't even consider using CNBC to make money.
CNBC puts the talking heads on their shows to spew out market timing predictions so they can have high ratings....(because naive people actually follow alot of their recommendations...)
CNBC is MSM. So basically if you do the opposite of what CNBC pumps out you will do well. Can't count the number of times someone on CNBC has recommended a specific stock or play, and in the disclosure or when asked about it, they don't even own it. Most of the time when they are saying for you to do one thing, they are doing the opposite. Just Cramer alone has made some of the worst calls of the decade.
Not this old thing again. You mean to tell me that after five years there are still people such as yourself who don't understand what the caller was asking and what Cramer was saying in that video? Here let me help you out. The caller was concerned that the money/stocks he had in his account(s) with Bear Stearns would be at risk if Bear went under. Cramer was telling him in essence that there was no reason to close his account and pull his money out of there, that there was no risk in leaving it with Bear Stearns.
The Q&A in the video had absolutely nothing to do with whether Cramer thought one should buy or hold stock in Bear Stearns itself.
Not this old thing again. You mean to tell me that after five years there are still people such as yourself who don't understand what the caller was asking and what Cramer was saying in that video? Here let me help you out. The caller was concerned that the money/stocks he had in his account(s) with Bear Stearns would be at risk if Bear went under. Cramer was telling him in essence that there was no reason to close his account and pull his money out of there, that there was no risk in leaving it with Bear Stearns.
The Q&A in the video had absolutely nothing to do with whether Cramer thought one should buy or hold stock in Bear Stearns itself.
No, you are incorrect. So let me help you understand. Cramer is an entertainer, that's it. He even offered worse advice when he told everyone to get of the market completely. It was a buying opportunity of a lifetime (all included in the video). Watch the full video:
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Thanks in advance.
