Sunday, July 15, 2007

Zombie Financial Media: Report on sub-prime fiasco


Anonymous Anonymous said...

Klar, one does not have to be very sophisticated, or have been looking for news about/analysis of the financial markets for very long, to realize that the most popular financial news sites are nearly wertlos if you want balanced coverage. IMO this is partly due to their dependence on display ads. Most of their display ad revenue probably comes from brokerages, and since most people's idea of investing is 'buy low, sell high', the last thing these brokerages want is negative market coverage hinting at future market declines. Because this will just scare away 'investors' (people who most often 'buy and hold', but why do that if the market will fall?), and potential new accounts.

I scan the news there, get after- and pre-market quotes, usw, but pay no attention to the cheerleading.


2:05 AM  
Blogger jmf said...

Moin Eh,

i hope you also enjoy the great weather around Germany :-)

Amen to your comment.

I have stopped watching CNBC for that reason.

Cheerleading at its best.....

Sometimes i turn on Bloomberg. Much better to watch

2:17 AM  
Anonymous Anonymous said...

i hope you also enjoy the great weather around Germany :-)

Ja, endlich ist Sommer da (in Berlin). Und hoffentlich bleibt er eine Weile.

Aber bitte: nicht ZU heiƟ.


3:08 AM  
Blogger Edgar said...

Notice that BSC stock started down well before the bad news was finally released. Insider trading at its finest.

2:11 PM  

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