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No more irrelevant than all the other business tv channels. They all aim for the lowest denominator, with seemingly a goal to be more ridiculous than the other. I do not watch any of them.
I think a main problem - which Leon Cooperman also mentioned briefly on CNBC yesterday - is that the retail investor is still not participating in the market in the fashion that they used to. CNBC largely playing to an institutional audience is not sustainable. Additionally, Cramer must have the most skilled call screeners in the business - everyone is "Booyah, Cramer, I can't thank you enough blah blah blah." I'm not as against Cramer as some (I more just don't care), but you watch that show and every caller (given the ratings, maybe it's the same dozen or so with different voices) is just worshipping him like he's never done anything wrong.
Financial TV? All useless I agree. At times, however, it may drown-out other noises like traffic going by, planes flying over, kids shouting and trash collectors. I get a laugh out of Cramer in the morning - same as I do out of Stewart and Cobert in the evening. But would never listen to any of them for investment advice.
For serious down-time: (1) subscribe to any number of wonderful domestic/international magazines, newspapers or blogs at Amazon, (2) get yourself a set of good bluetooth headphones ($200+) also at Amazon. (3) Load favorite music and reading content onto any number of great tablet devices (I like the Fire HD). ENJOY! --- What's available to read using the free Kindle App? You name it. The International NYT is $15 a month and gets delivered around 8PM EST - so you get that day's news. the regular NYT is about $20, but has a Sunday edition which the other does not.
Barron's and WSJ - but too pricy for my taste.
The New Yorker every Monday if you want some culture.
The SF Chronicle at $6 a month is a steal and publishes 7 days a week
Humor? Subscribe to The Onion.
The Smithsonian publishes two magazines. I subscribe to the one on Aviation which is excellent. Their other publication deals more with archeology and geography.
Hi Hank- Yeah, we've subscribed to the Smithsonian for many years, but I have to tell you that even that has been "dumbed down", confusing somebody's ideas of a "wonderful new layout" with previously solid reporting. Used to read it cover-to-cover, but now the quality varies widely between issues, and we find ourselves picking and choosing. Some issues are much better than others, but the whole thing is now somewhat shaky. We've come close to cancelling, but we're still hoping for a change for the better.
With respect to the Chron, you're probably better off reading it via the internet- in the last two weeks we've had to call because of late or non-delivery about ten times. In other great news, we've just been informed by the WSJ that here in SF they are going to combine their delivery, which up till now has been very reliable, with that of the Chron, so now we probably won't get either one on time. How come NOTHING ever gets better, only worser??
I sometimes watch but stopped taking it seriously when I concluded NO ONE could predict the future.It can be useful on individual stocks in the present if for example you want to know why MCD went dow today
Last week one of our own here said short the heck out of the airlines among others shorts. They have more than soared since. Just goes to show what happens when you invest or trade based on the headlines (Ebola) Not ragging on this perennial pessimist as I am certainly not exempt from making bonehead calls too.
I actually like frequent CNBC contributor Dennis Gartman less than I do Cramer.
Gartman's two calls for stocks to move lower over the past few weeks have been the moment the markets reversed. +++++++++++++++++++++++++++++
I happened to hear the sell signal he gave earlier this year on CNBC. Amazing how he got it just wrong. And now this one on Oct. 16th. Amazingly bad timing. His subscribers pay a lot to get his advice. They have lost a lot of money getting out at the low, being out for the rebound, and paying a lot of capital gains taxes to boot, on any previously unrealized gains they had.
Comments
I suspect CNBC is blowing this whole thing out of proportion.
All useless I agree. At times, however, it may drown-out other noises like traffic going by, planes flying over, kids shouting and trash collectors. I get a laugh out of Cramer in the morning - same as I do out of Stewart and Cobert in the evening. But would never listen to any of them for investment advice.
For serious down-time: (1) subscribe to any number of wonderful domestic/international magazines, newspapers or blogs at Amazon, (2) get yourself a set of good bluetooth headphones ($200+) also at Amazon. (3) Load favorite music and reading content onto any number of great tablet devices (I like the Fire HD). ENJOY!
---
What's available to read using the free Kindle App?
You name it. The International NYT is $15 a month and gets delivered around 8PM EST - so you get that day's news. the regular NYT is about $20, but has a Sunday edition which the other does not.
Barron's and WSJ - but too pricy for my taste.
The New Yorker every Monday if you want some culture.
The SF Chronicle at $6 a month is a steal and publishes 7 days a week
Humor? Subscribe to The Onion.
The Smithsonian publishes two magazines. I subscribe to the one on Aviation which is excellent. Their other publication deals more with archeology and geography.
With respect to the Chron, you're probably better off reading it via the internet- in the last two weeks we've had to call because of late or non-delivery about ten times. In other great news, we've just been informed by the WSJ that here in SF they are going to combine their delivery, which up till now has been very reliable, with that of the Chron, so now we probably won't get either one on time. How come NOTHING ever gets better, only worser??
Gartman's two calls for stocks to move lower over the past few weeks have been the moment the markets reversed.
http://www.zerohedge.com/news/2014-10-21/why-stocks-are-soaring
Charted:
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/10/20141021_gart.jpg