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Been watching Shark Tank all this 4-day-weekend, there was a bunch of Season 1 and 2 episodes I missed before I jumped into the series. Brutal, I love it!
From a "market" perspective, I like the readouts on the bottom of Bloomberg TV and the free iPad app is great. Esp when I'm sitting in bed at 3am in the morning trying to sleep, hoping for just 1 more hours rest before I get up. CNBC has decent readouts, but Bloomie has em beat.
The thing I love about watching the news and hearing the predictions, like "Gold is going up, stocks are expected to decline" is nearly a sure fire signal to sell gold and buy the indexes that morning...
I DVR Fast Money and Mad Money everyday. Before I go to sleep I will fast forward through both shows to see if anything of value is discussed. Usually takes less than 15 minutes. I never watch any market news during my day trading.
Unfortunately I find both shows are mostly geared for entertainment. Fast Money has about a dozen or so "momentum" stocks which they cover ad nauseam, I guess that is what gets ratings. In between they usually have one or two segments with some useful (to me) information.
I actually like Mad Money better, I think Cramer is a good guy who is honestly trying to educate people about investing. He is also much more likely to discuss companies I am interested in mostly for my income portfolio.
But between the fluff pieces, meaningless attempts to attach a reason for the days market moves (down day?, interview the perma-bear, up day? interview the perma-bull) and the money honeys its clear CNBC is mostly just entertainment sprinkled with a bit of market information.
I used to watch Bloomberg more but then they started periodically blocking out the tickers with a line graph which was annoying. also they eliminated the rolling tape with the individual stock prices which was annoying. I tried MSNBC and I found that they talk more technicals and go a little more indepth into market analysis than Bloomberg. I still like Bloombergs ticker more but those &%#$ line graphs.SInce i no longer need the tv tickers because I have my own through my TP, I would probably watch MSNBC exlclusively but sometimes its blacked out on my cable. I have been meaning to call my provider and see whats up.
So in short I switch around. Sometimes I go FOX buisness but they lack objectivity. More spin less facts.
Bloomberg - Cutest commentators. Best tickers. Good interviews. Fairly objective.
MSNBC- Best market insights and analysis. Fairly objective.
I sort of watch CNBC.
At 7:30 cst usually when the morning news is out just to see how the market responds and Rick's response.
I'm not a big fan of the conflict between Rick and Steve Liesman that usually erupts.
One thing I hate is that unlike Bloomberg, CNBC require either a cable/satellite subscription, CNBC Pro subscription etc to listen/watch the feed on the internet.
(unless you watch on a pirate site)
It seems they would do better to allow live streams from their feed like Bloomberg TV/radio.
After the news I usually switch off since it is mostly noise.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
I dont' have cable, but CNBC streaming comes "free" with TDA/Thinkorswim platform. However, after 5pm PST, it stupidly only shows CNBC Asia and/or Europe and you can't get back to CNBC main. The only way to keep it on CNBC main is to leave the streaming on continuously through 5pm. Then I can catch the other shows Shark Tank, Restaurant Startup, The Profit and American Greed. I used to watch the "Kudlow" report as my daily 30min of "world news" then it was evident Kudlow was a one-sided neo-con promoter/tool and Obama basher. Eventually the low ratings ended the show earlier this year.
I sometimes have it on, or switch on during "abnormal" swings of the market > 50 dow points. Only Santelli despite criticized histrionics, tells it how it is, and is similar to Schiff (gone now), and TylerDurdan of Zerohedge, out of the whole CNBC staff. Well Kelly, being new seems to ask more questions, for now. I'm ok with David Faber's announcements, and Mandy Drury's segment, sometimes left on to listen only. Glad Bartiromo is gone, had an aversion. Overall CNBC helps me some when being lonely in trading. Of course most all of the news announcements/ movers-shakers, are already too late to take trading opportunities on; the insiders have already won those as usual.
My favorite CNBC after-market show is American Greed and while they often cover some of more news-popular cases , the show also covers many local private "fund" ripoff cases episodes or half-episodes, which is good to at least be initially aware of how they do their shenanigans for every investor especially unaware retirees who cannot afford to tragically lose their life savings to one of those scams. Real estate, property and related investing finagling, as well as some cases of outrageous public-sector embezzling/favoring, is also often featured.
I have to admit I watch it somethimes after I come home from work. Don't know why because I get absolutly nothing out of it, just entertainment. Jon Najarian reminds me a littlebit of FT71 (ehrm...sorry, please forgive me FT71.) Their voice sounds a littlebit alike. but what FT71 says is a 100 times more important to me .
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 796 since Oct 2009
YES!
I hate FoxBN, especially with that fact distorting Charles Payne. It seems that Fox allows its newscasters to broadcast their personal thoughts and opinions without regards to recognized social facts, and best practices with such ill and disregard for the damage that their expressions do to others.
Recently, the discussion over raising the minimum wage across the country to $10/hr was lambasted as rewarding the dumb class and ultra poor and for their mediocre performance. It seems strange for an educated black American to be espousing the same hatred and shameful comments that just a generation or two ago was used against his entire class by others against "them (blacks, or "N's") even learning how to read, let alone hold jobs reserved exclusively for the other classes.
When a so called news station allows political and social comments of the news caster to be aired with their approval, and those news casters are not recognized in their fields of education as teachers or professors of note, then the television program no longer is a financial business news station but another Rush Limbaugh like program.
When these so called financial news casters attempt to represent areas outside of the financial news, they loose credibility and so does the news station.
but what FT71 says is a 100 times more important to me . 