Howdy folks. Ok, so the situation as I see it, is that I might have been very bearish stating the number 4400 as the bottom of the Dow. I could have been wrong. However, I am not sure if I am willing to completely knock out the idea as of yet. If, for example, Honda saw fit to knock out it's sponsorship for the Formula One races (http://tinyurl.com/5eooz2){marketwatch.com} for economic reasons, then perhaps there is still a beast lurking out there. Since I am not wanting to enter communion with this beast, I want to try to revise my previous predictions of a 4400 bottom, but I need to see how this week fares first.
Some that read this blog may think that I am insane when I say 4400. Perhaps, some of you may think that is too extreme. Fine, we can try to put some checks and balances on this. Of course, I have previously mentioned that some of the best stocks to invest in during the Christmas season would be WMT and MCD. For more long term bets in tech it would be wise to put some money into MSFT, AAPL, and maybe it would be a good idea to look at YHOO. Would Viacom consider purchasing the troubled Yahoo? CBS has CNET, and I believe that CNET was a good move, so why not? Either which way, YHOO, is way below value, because it is still making money off its online ads, and there is still a great community base in Yahoo, especially internationally.
RHEL is a speculative look in tech, and I keep an eye on it, because, many businesses are going to question MSFT licensing fees. So how could I be schizo and say to look at RHEL? The emerging third world will continue to expand using Open Source. RHEL hopes lie overseas, rather than within the borders of the US and Canada. However, Microsoft should focus in simply expanding within the market that seems the most serviceable, and provide products that are streamlined for consumer tastes, and I believe that with the implementation of Windows 7 and currently, the Mojave Experiment (trying to let regular users know that its ok to use Vista) we are seeing this focus. It would be wise for Microsoft however, never to bring up lawsuits against users of Open Source operating systems ever again. Microsoft would show publicly a weakness, when it really does not have to. There is room for Open Source and MSFT to exist together.
The markets will continue to show lackluster performance, unless retailers, other than Wal-Mart, show substantial gains. However, with the Bureau of Labor Statistics reporting that there was a loss in Non-Farm Payrolls of-533,000 jobs in November, we will be looking at a bleak season. Some time in April, if everything works out smoothly, we should see that the market will be stabilize, however, I am going to agree with what many pundits have said, that the markets may not be in the positive until early 2011, and this is, only if we do not have a terrorist attack or some other dastardly thing happen within the borders of the US.
In my next blog, I'll be looking at riding the trading ranges. Not to worry, you can make money in any market, its just that its not going to be that easy. Readers to mrgnuopensourceman.blogspot.com may have noticed that I have not posted in the last couple of months. I am going to remedy that soon, not to worry. By the way, if you want to get more information on my view of the markets, I tweet all the time. Add me, I am thegreatspace in twitter. Thanks for reading, and hey, lets be careful out there!
Sunday, December 7, 2008
Monday, November 17, 2008
It's a Mad Mad Market.....
It is apparent that as of today, the financial world has gone insane. From the Mark Cuban fiasco with insider trading (why is the SEC going after Cuban, and not looking at the other nimrods who were abusing the share holders?) right down to the resignation of one of the internet's greatest pioneers, Jerry Yang of Yahoo. Let us not forget, the ultimate disappointment of the G20 summit (did anyone really expect otherwise), which was suppose to be Bush's last hurrah, but turned into an overpriced take out from Sardi's. With all due respect, this is a crazy world we live in, and now we should be prepared for anything.
For example, who would have thought back on Halloween, that Hank Paulson would have decided to stop the TARP from going any further, or that the statements made in today's WSJ hosted CEO Conference, that he would have to defend his recent actions, saying that he was not experimenting with the economy?
GM, no surprise, is in dire economic straights, but who would have thought that the democrats would be the ones trying to use the TARP to bail out GM. Now, mainstream media may start to paint the picture of a government bailing out the Czars, but to hell with the Serfs! Meanwhile, as classicist propaganda for the eventual ideological war of classes permeates, there are others who are profiting from the current circumstances, like the Mafia, who has resorted in Italy to increasing it's power through usury. Am I being a bit extreme? I am, and no kidding, this is happening, but there is a point, hang on.
Will Hillary Clinton become Secratery of State? Will Larry Sommers or Paul Voelker, be chosen for the post of Secratery of the Treasury? Will Obama stick with his current plan for taxes, or will he be able to see that the only way that this nation will survive is by putting forward the ideals of Adam Smith, but with a measured amount of regulation?
Who would thought that the last year would have happened? Well, some things could have been predicted. I saw Barak Obama over two years ago, and I knew that he was Presidential material. However, with the history of how the Democratic party had lost, what should have been sure elections, nobody, really knew what to expect next. The spiraling of the economy, was the impetus for the shift in power at the capital.
Know this: First of all, it actually will get worst before it gets better, but that does not mean that things are as bleak as they seem. What I predict is that the individual investor is going to be more educated, and more in control of there investments, instead of relying on high priced financial professionals, who have their own quotas to meet. There will be a good number that will study the markets on their own. Some may fail, some may succeed, but this could actually end before it begins.
If the Democrats choose to impose tax increases on capital gains, without fully exploring the consequences,we may see an even further downturn. Obama can avoid raising capital gains, and perhaps influence a new economic culture where the 401k will have a natural companion, in the direct control by the ordinary, but educated, in the trading of stocks, bonds, options, etc.. This can happen, its not a dream, it's happening now. However, all this can cease to be if we fail to put forward those free market capitalistic ideals, which built our nation. Don't get me wrong though, greed is the motivator, and it kills the innocent. There will have to be some sort of regulation, but by avoiding punitive taxation, we can eliminate this recession.
Without a doubt, its a mad, mad, market. I would not be surprised, if SETI received incoming long distance transmissions from ET, who decided to phone home. Please be careful. Use caution when listening to pundits, but listen to them to see where the market is trending. You only need to implement common sense, and be able to at least interpret the balance sheets, and if it's vague or complex, do not hesitate to drop your pick like a hot potato. Remember, finally, if it's too good to be true, it probably is, but if there are four hundred other people thinking its true, then go for it and know that you gotta sell it quick, before the end of that lemming cycle.
Other than that, greed has put us in a real bad place. But I can assure you of one thing: the very fat cats that gorged are now cannibalizing on each other. So we will live to fight another day. Good Hunting.
For example, who would have thought back on Halloween, that Hank Paulson would have decided to stop the TARP from going any further, or that the statements made in today's WSJ hosted CEO Conference, that he would have to defend his recent actions, saying that he was not experimenting with the economy?
GM, no surprise, is in dire economic straights, but who would have thought that the democrats would be the ones trying to use the TARP to bail out GM. Now, mainstream media may start to paint the picture of a government bailing out the Czars, but to hell with the Serfs! Meanwhile, as classicist propaganda for the eventual ideological war of classes permeates, there are others who are profiting from the current circumstances, like the Mafia, who has resorted in Italy to increasing it's power through usury. Am I being a bit extreme? I am, and no kidding, this is happening, but there is a point, hang on.
Will Hillary Clinton become Secratery of State? Will Larry Sommers or Paul Voelker, be chosen for the post of Secratery of the Treasury? Will Obama stick with his current plan for taxes, or will he be able to see that the only way that this nation will survive is by putting forward the ideals of Adam Smith, but with a measured amount of regulation?
Who would thought that the last year would have happened? Well, some things could have been predicted. I saw Barak Obama over two years ago, and I knew that he was Presidential material. However, with the history of how the Democratic party had lost, what should have been sure elections, nobody, really knew what to expect next. The spiraling of the economy, was the impetus for the shift in power at the capital.
Know this: First of all, it actually will get worst before it gets better, but that does not mean that things are as bleak as they seem. What I predict is that the individual investor is going to be more educated, and more in control of there investments, instead of relying on high priced financial professionals, who have their own quotas to meet. There will be a good number that will study the markets on their own. Some may fail, some may succeed, but this could actually end before it begins.
If the Democrats choose to impose tax increases on capital gains, without fully exploring the consequences,we may see an even further downturn. Obama can avoid raising capital gains, and perhaps influence a new economic culture where the 401k will have a natural companion, in the direct control by the ordinary, but educated, in the trading of stocks, bonds, options, etc.. This can happen, its not a dream, it's happening now. However, all this can cease to be if we fail to put forward those free market capitalistic ideals, which built our nation. Don't get me wrong though, greed is the motivator, and it kills the innocent. There will have to be some sort of regulation, but by avoiding punitive taxation, we can eliminate this recession.
Without a doubt, its a mad, mad, market. I would not be surprised, if SETI received incoming long distance transmissions from ET, who decided to phone home. Please be careful. Use caution when listening to pundits, but listen to them to see where the market is trending. You only need to implement common sense, and be able to at least interpret the balance sheets, and if it's vague or complex, do not hesitate to drop your pick like a hot potato. Remember, finally, if it's too good to be true, it probably is, but if there are four hundred other people thinking its true, then go for it and know that you gotta sell it quick, before the end of that lemming cycle.
Other than that, greed has put us in a real bad place. But I can assure you of one thing: the very fat cats that gorged are now cannibalizing on each other. So we will live to fight another day. Good Hunting.
Monday, October 27, 2008
Has the World Gone Mad?!?!
This is way too much! No way should we keep cutting the interest rates. These constant corrections that are currently occurring via government intervention are a mistake. The market is like a spoiled child, who is in need of a pacifier, but they have far outgrown it. No, we do not need the government to intervene any further. Even on CNBC's closing bell there was talk that more than likely, the "FED" will cut rates tomorrow. One commentator put it, we should not be too surprised, or find it ridiculous, to see further cuts, and that even a cut to 0% on rates is acceptable, because ultimately, its what is going to help the markets and that should matter most. WHAT?!?! Has the world gone mad!!!
Make no mistake, I promote investment into the stock market. However, your robbing Peter to feed Paul. If Bernanke or anyone one else thinks that further reductions will help the markets, I want to give the ivy leaguers some food for thought, we need to have a balance. We are not only delaying the inevitable, but we are causing a longer term slide. I have said, that I do not believe that we will see a depression. I still stand by that statement, however, there is an IF: the government needs to let the markets sort themselves out.
Will a 50% cut in basis points really help the market? It will definitely, I'd say rally, for the hedge funds. Some investors, if they play it right will make money, until another issue comes up, perhaps, for example, the moment our FED cuts, no one else follows (supposedly Europe will follow, but we will see) If no one else follows, we may see the NIKKEI and the HANG SENG start to develop worrisome warts that turn into incessant drops, drops that would make even the most daring of us, up chuck all the shares that we have left. No, now is not the time to cause what would be a global pandemic of recessionary stress, or additional stress, anyhow.
What the market players need to do, is to now work within the ranges provided. If truly the government wants to help, and I don't even like this idea, because, its already over extending our own deficit, it should continue direct capitalization into banking institutions and also provide stimulus packages for the citizenry. If the investors then see more solid depositories increasing, if we have an enhancement in performance within the financials, this will continue to help improve the credit lending abilities of the markets.
There are unfortunate circumstances, however. I can tell you that I am a centrist. I do not believe in parties. I am registered under one, but the parties are for the politicians, and not for us common folk. This whole election has angered me. I am so frustrated, because, if there is even an attempt by the Democrats to increase the capital gains tax, which is going to happen, the market will slump. If the Republicans get there way, and McCain reduces cap gain to 7%, we may see cuts to social programs in education and still the layoffs are going to happen.
What is really disturbing is that what this really seems to be, is a total flip on the value of the dollar. It was not so much the sub-prime crisis alone, for example, that caused these conditions, but the standard evaluations on real estate were too high. This in turn affected pricing in all sectors. We are not, in any way, shape or form, going to see a "magicians administration" come into power. No one has the magic wand to wave to bring the markets from bear to bull. It is within the common investors power to do so. So, why not, invest in a combination of CD's, Bonds and Stocks, with contributions to the 401K, of course minimal, and controlled. Do not select idiotic aggressive products that claim they can get you to retire in the year 2012. The crime of these mysterious financial instruments that make no sense to the general public coincided with the fall of Wall Street as well.
The Street however, does not deserve to be put down. Just bring out the abusers, but first fix the markets. I dread any further cuts by the "FED" on the interest points. However, my recommendations are for the following:
1. Invest in food commodities, but don't heavily throw your weight into one side. Take a slice out of agriculture.
2. Look at stocks like WMT, AAPL, MSFT, ORCL, ABT, MED. Check into these sectors, also. Do your homework before even thinking about these.
3. Now is the time to start picking at various CD's. Let's say Obama wins. Capital Gains tax be damned. There will be ways to skim off as much as possible, but for now, invest in those investments that will bring a profitable turn around within the next six months. Preferably, those BONDS of private companies and CD's, like GMAC is offering a CD at a rate of 4.27% for 12 months and APY of 4.36. You can go for the full time that I believe that we will be in recession , which would be, 36 months at 4.44% rate and APY of 4.55% or even shoot for five years at 5.02% rate and APY of 5.15%, long enough so that if taxes prove to be too high, and Obama is elected, which by the way, I can only assume that he won't go to far with raising income taxes or capital gains, not if the congress nor if he himself wants to continue to be president, but should the worst happen, putting money into cd's and bonds like this, and waiting for a conservative administration to take over, will build your wealth.
One last thing, I agree with Jim Cramer of Mad Money on CNBC. This concept, of buy and hold is dead, yet the fact that the government policies seem to favor this, is the most disturbing idea of all. The technology is in place for all of us to play day trader, or to go ahead and invest in sectors, when properly vested, an individual trader can survive the deadly rapids of the market.
Please be careful, whatever you do, also, if you are reading this, let me know if you agree, you disagree, or say nothing at all. I wish all of you, only one thing, Good Hunting!
Raffa
Make no mistake, I promote investment into the stock market. However, your robbing Peter to feed Paul. If Bernanke or anyone one else thinks that further reductions will help the markets, I want to give the ivy leaguers some food for thought, we need to have a balance. We are not only delaying the inevitable, but we are causing a longer term slide. I have said, that I do not believe that we will see a depression. I still stand by that statement, however, there is an IF: the government needs to let the markets sort themselves out.
Will a 50% cut in basis points really help the market? It will definitely, I'd say rally, for the hedge funds. Some investors, if they play it right will make money, until another issue comes up, perhaps, for example, the moment our FED cuts, no one else follows (supposedly Europe will follow, but we will see) If no one else follows, we may see the NIKKEI and the HANG SENG start to develop worrisome warts that turn into incessant drops, drops that would make even the most daring of us, up chuck all the shares that we have left. No, now is not the time to cause what would be a global pandemic of recessionary stress, or additional stress, anyhow.
What the market players need to do, is to now work within the ranges provided. If truly the government wants to help, and I don't even like this idea, because, its already over extending our own deficit, it should continue direct capitalization into banking institutions and also provide stimulus packages for the citizenry. If the investors then see more solid depositories increasing, if we have an enhancement in performance within the financials, this will continue to help improve the credit lending abilities of the markets.
There are unfortunate circumstances, however. I can tell you that I am a centrist. I do not believe in parties. I am registered under one, but the parties are for the politicians, and not for us common folk. This whole election has angered me. I am so frustrated, because, if there is even an attempt by the Democrats to increase the capital gains tax, which is going to happen, the market will slump. If the Republicans get there way, and McCain reduces cap gain to 7%, we may see cuts to social programs in education and still the layoffs are going to happen.
What is really disturbing is that what this really seems to be, is a total flip on the value of the dollar. It was not so much the sub-prime crisis alone, for example, that caused these conditions, but the standard evaluations on real estate were too high. This in turn affected pricing in all sectors. We are not, in any way, shape or form, going to see a "magicians administration" come into power. No one has the magic wand to wave to bring the markets from bear to bull. It is within the common investors power to do so. So, why not, invest in a combination of CD's, Bonds and Stocks, with contributions to the 401K, of course minimal, and controlled. Do not select idiotic aggressive products that claim they can get you to retire in the year 2012. The crime of these mysterious financial instruments that make no sense to the general public coincided with the fall of Wall Street as well.
The Street however, does not deserve to be put down. Just bring out the abusers, but first fix the markets. I dread any further cuts by the "FED" on the interest points. However, my recommendations are for the following:
1. Invest in food commodities, but don't heavily throw your weight into one side. Take a slice out of agriculture.
2. Look at stocks like WMT, AAPL, MSFT, ORCL, ABT, MED. Check into these sectors, also. Do your homework before even thinking about these.
3. Now is the time to start picking at various CD's. Let's say Obama wins. Capital Gains tax be damned. There will be ways to skim off as much as possible, but for now, invest in those investments that will bring a profitable turn around within the next six months. Preferably, those BONDS of private companies and CD's, like GMAC is offering a CD at a rate of 4.27% for 12 months and APY of 4.36. You can go for the full time that I believe that we will be in recession , which would be, 36 months at 4.44% rate and APY of 4.55% or even shoot for five years at 5.02% rate and APY of 5.15%, long enough so that if taxes prove to be too high, and Obama is elected, which by the way, I can only assume that he won't go to far with raising income taxes or capital gains, not if the congress nor if he himself wants to continue to be president, but should the worst happen, putting money into cd's and bonds like this, and waiting for a conservative administration to take over, will build your wealth.
One last thing, I agree with Jim Cramer of Mad Money on CNBC. This concept, of buy and hold is dead, yet the fact that the government policies seem to favor this, is the most disturbing idea of all. The technology is in place for all of us to play day trader, or to go ahead and invest in sectors, when properly vested, an individual trader can survive the deadly rapids of the market.
Please be careful, whatever you do, also, if you are reading this, let me know if you agree, you disagree, or say nothing at all. I wish all of you, only one thing, Good Hunting!
Raffa
Wednesday, October 15, 2008
McCain has lost the debate, and its only 9:44pm
McCain in his incessant attacks on Barack Obama has put himself in the end game for his debate. How could he continue to attack Barack Obama on the Ayers affair? His very appearance, a mixture of mortuary and stoic is due to his own stress on the elections. McCain's irascible personality as compared to Barack's calm and steady presence, its absolutely obvious who is to become the next president, and McCain has no one else to blame but himself.
Tuesday, October 14, 2008
Is Intel a good bet? (INTC)
In a late night interview in the states, but what would probably be considered an early morning interview in London, Bloomberg correspondent Rishaad Salamat, interviewed the senior vice-president of Europe, Middle East and Africa operations (EMEA) for Intel, Gordon Graylish. On First Word on Money, Rishaad questioned Gordon Graylish on Intel's strategy towards chip manufacturing, specifically addressing the new Atom chip. Intel product segmentation per Bloomberg Today, shows that 39.7% is focused on the Microprocessor, 13.3% on the actual chipset, motherboard, 38.3% on the mobility group (microprocessor and chipset), while 8.7% focused on other (perhaps on r and d, who knows) {this information is from Bloomberg TV} Gordon Graylish attempted to explain the 38.3% segment, which is the mobility group and explained that people that resided within the EMEA were individuals that would take more advantage of mobility as compared to their American or European counterparts. 80% of sales come from outside of the US. Rishaad pointed out that one analyst stated that they did not like the Atom, due to the fact that instead of the consumer paying $60 to $80 per chip, that they would now have the opportunity to pay $35 a chip. Graylish pointed out that Intel had structured the design and distribution of the chip to be profitable, and also pointed out that the chips would be on there Netbook devices.
Intel is a good bet. The concept of the Netbook, being that we are all looking for greater mobility in our tech devices, is a great niche for Intel to work from. Now this is not simply a reason to invest in Intel, they can remain open to many market opportunities that only there corporations can take advantage of, due to financial leverage. Most importantly, again, the Atom processor, which can be found in Asus laptops, as well as other manufacturers of Netbooks and possibly UMPC's (ultra mobile PC's) is a techinical marvel, and those companies which use this chip will be best positioned to take on the market for the on the go college student and business traveler.
http://finance.google.com/finance?client=ob&q=NASDAQ:INTC will give you a copy of the chart.
INTC is a stable company, that can be used as a mid to long term financial instrument for hold and trade. You would want to do research to see if this stock is right for you. The link above will give you the ability to start your research and check the perfomance of this top notch chip company.
Intel is a good bet. The concept of the Netbook, being that we are all looking for greater mobility in our tech devices, is a great niche for Intel to work from. Now this is not simply a reason to invest in Intel, they can remain open to many market opportunities that only there corporations can take advantage of, due to financial leverage. Most importantly, again, the Atom processor, which can be found in Asus laptops, as well as other manufacturers of Netbooks and possibly UMPC's (ultra mobile PC's) is a techinical marvel, and those companies which use this chip will be best positioned to take on the market for the on the go college student and business traveler.
http://finance.google.com/finance?client=ob&q=NASDAQ:INTC will give you a copy of the chart.
INTC is a stable company, that can be used as a mid to long term financial instrument for hold and trade. You would want to do research to see if this stock is right for you. The link above will give you the ability to start your research and check the perfomance of this top notch chip company.
CNBC is having issues? What was with this evening broadcast on The Wall Street Crisis
Usually, I don't wish to talk about gossip, but this evenings broadcast of the Wall Street Crisis special on CNBC, got me, in the words of Dylan Rattigan, 'pissed off'. And yes, words like pissed off are being used during a financial news broadcast.
These guys are usually top notch professionals. They have been involved in Wall Street in either the broker or economic analyst capacity and are experts. I am sitting down, after having DVR'd this transmission for the Wall Street Crisis and was shocked to see what happened during the 8pm est transmission of this special series. Earlier today, Dylan and Melissa seemed to be normal, but in this evenings broadcast there was an uncomfortable exchange that took place. Dylan was caustic with Melissa Frances, and Melissa fought back. Of course, she did not help matters with her nervous response, but I can't blame her.
Mr. Rattigan is the type to call you a spade to your face, and to be fair, this has been very useful. In fact I have a feeling that many politicians were watching CNBC and listened to Dylan during Fast Money and during the Closing Bell, as he admonished them for playing politics during this time of financial crisis, talking of the delays by congress. Dylan educated his audience on how and why we needed to have some sort of action done, to pass the rescue legislation. I believe due to his personality and journalistic skills, and I don't think that I am giving him too much credit, that he was instrumental in influencing perhaps some of the audience that was paying attention to his broadcasts. He of course is not alone, all of CNBC was critical, but he, in my opinion (excluding Jim Cramer who, called this from the beginning, and stated how the FED KNEW NOTHING), was a voice within CNBC and perhaps aided in getting the congress to move, at least for those that were his audience. However, its a combative personality as well, which, I was disappointed to see how he admonished Mrs. Frances about her interview of a Jefferson, Missouri mayor, who apparently, did not fit the bill of who they should have been interviewing.
He proceeded first after Melissa questioned him, to ask a very valid question about how long would it take for his city to default on their various credit, loans, etc, their liabilities owed. The mayor of this Jefferson, MO town said, actually, they were doing pretty good, they practically had no debt, which led Dylan, shortly after the interview, to criticize Melissa Frances, on the air, on her choice. Proceeding to state how this was not a good example, that this person was not representing the segment of leaders, that had problems with there Municipal Bonds and debt, and he was right. However. it seems that he put poor Melissa on the spot, and she could only laugh, nervously. Later on she pointed out that this was the reason why "they can't have us together in the same room". Now, I really wish she had not done that on the air either, but it was her own territorial protection, her own reaction to the abrasiveness of Dylan. What else was she going to do?
I mean, here you have a person, that use to have her own show (M. Frances, On the Money) which, was taken away for unknown reasons, although, it now exists in a different format, something to the extent of a show that runs along the lines of a Suzie Orman, yet is hosted by someone else (its a good show by the way). She is doing correspondent work still with CNBC,doing specials as well,(had one one the energy crisis, talking about the "Nuclear Option") and I am one of those that thinks that she still, should have her own show. Dylan is the host of Fast Money, its a fantastic show, education, entertaining, and very unique format, kinda like of the ESPN of stocks, which actually grew on me, and I watch him all the time. So, I am actually fan of both Melissa Frances and Dylan Rattigan. I think that they are major contributors to the quality of work of CNBC and its actually only because of the exchange that I am blogging my displeasure at seeing what occurred on air.
Maybe its not a big deal, I mean, they have a pretty laid back set of personalities over at CNBC, that keeps it from being as dry as Bloomberg (I watch actually, when I just need information, they are more for professionals then the regular day trader, so it can be a little dry). But, this did not seem laid back. This seems to be stemming from stress. I know that Dylan Rattigan may be stressed out about the markets, so I am not going to be too harsh, but, I mean we are all stressed. He is truly the defender of the Capital Crown, however, he really did not need to go there with Melissa.
How about how excited Dylan was for Melissa's Nuclear Option special? He looked as if he was going reach over there and choke the crap out of her, when he first said how excited he was about seeing this series. Yes, I used the word crap, but I am not on tv, I am a blogger I can say words like this. As for Melissa, there seems to be something going on between CNBC and her, or why did they decide to go with this format of, On The Money, financial self help show.As a viewer, I voiced my opinion, but at this point whatever is the cause of what occurred between these two journalis, is something that I really don't care to know. To be fair she should not have come back with, "this is why they never put us in the same room together"(she said this at least twice during the broadcast, the last time she said it, Dylan tried to save it, but was not really successful. You know what? Its good ratings). This was just blatantly obvious, and unfortunate. Through the broadcast it seemed like it would be alright, but it was very uncomfortable to watch, sort of like watching the DOW these last three weeks.
In conclusion of my rant, I want to leave a special note, if its read, which I doubt, by the CNBC staff. People, don't let stress get to you. If they are working you without sleep, better get some sleep. Don't criticize your team members, co anchors, etc.. I mean keep your banter, its entertainment, it keeps the viewers glued to the set, but stay within reasonable limits. I am hoping, that its just the stress. It 'pissed' me off, but I did see the rest of the broadcast.
Again, the CNBC journalists are excellent, but perhaps they have been working way too much, and it might be a good idea, to consider this: just like you should not be driving if you are too tired, nor should you be on the air. I don't know if this is what caused this, but whatever it was, I hope not see that again. The banter is fine, and is much appreciated, but when it really looks like two journalists are taking something personally, I really do not need to see that on the air. And no I am not going to email CNBC on this, its just an observation, I put in this blog, cause I needed to vent. Maybe the journalists over at CNBC could have a personal blog to vent through too.
These guys are usually top notch professionals. They have been involved in Wall Street in either the broker or economic analyst capacity and are experts. I am sitting down, after having DVR'd this transmission for the Wall Street Crisis and was shocked to see what happened during the 8pm est transmission of this special series. Earlier today, Dylan and Melissa seemed to be normal, but in this evenings broadcast there was an uncomfortable exchange that took place. Dylan was caustic with Melissa Frances, and Melissa fought back. Of course, she did not help matters with her nervous response, but I can't blame her.
Mr. Rattigan is the type to call you a spade to your face, and to be fair, this has been very useful. In fact I have a feeling that many politicians were watching CNBC and listened to Dylan during Fast Money and during the Closing Bell, as he admonished them for playing politics during this time of financial crisis, talking of the delays by congress. Dylan educated his audience on how and why we needed to have some sort of action done, to pass the rescue legislation. I believe due to his personality and journalistic skills, and I don't think that I am giving him too much credit, that he was instrumental in influencing perhaps some of the audience that was paying attention to his broadcasts. He of course is not alone, all of CNBC was critical, but he, in my opinion (excluding Jim Cramer who, called this from the beginning, and stated how the FED KNEW NOTHING), was a voice within CNBC and perhaps aided in getting the congress to move, at least for those that were his audience. However, its a combative personality as well, which, I was disappointed to see how he admonished Mrs. Frances about her interview of a Jefferson, Missouri mayor, who apparently, did not fit the bill of who they should have been interviewing.
He proceeded first after Melissa questioned him, to ask a very valid question about how long would it take for his city to default on their various credit, loans, etc, their liabilities owed. The mayor of this Jefferson, MO town said, actually, they were doing pretty good, they practically had no debt, which led Dylan, shortly after the interview, to criticize Melissa Frances, on the air, on her choice. Proceeding to state how this was not a good example, that this person was not representing the segment of leaders, that had problems with there Municipal Bonds and debt, and he was right. However. it seems that he put poor Melissa on the spot, and she could only laugh, nervously. Later on she pointed out that this was the reason why "they can't have us together in the same room". Now, I really wish she had not done that on the air either, but it was her own territorial protection, her own reaction to the abrasiveness of Dylan. What else was she going to do?
I mean, here you have a person, that use to have her own show (M. Frances, On the Money) which, was taken away for unknown reasons, although, it now exists in a different format, something to the extent of a show that runs along the lines of a Suzie Orman, yet is hosted by someone else (its a good show by the way). She is doing correspondent work still with CNBC,doing specials as well,(had one one the energy crisis, talking about the "Nuclear Option") and I am one of those that thinks that she still, should have her own show. Dylan is the host of Fast Money, its a fantastic show, education, entertaining, and very unique format, kinda like of the ESPN of stocks, which actually grew on me, and I watch him all the time. So, I am actually fan of both Melissa Frances and Dylan Rattigan. I think that they are major contributors to the quality of work of CNBC and its actually only because of the exchange that I am blogging my displeasure at seeing what occurred on air.
Maybe its not a big deal, I mean, they have a pretty laid back set of personalities over at CNBC, that keeps it from being as dry as Bloomberg (I watch actually, when I just need information, they are more for professionals then the regular day trader, so it can be a little dry). But, this did not seem laid back. This seems to be stemming from stress. I know that Dylan Rattigan may be stressed out about the markets, so I am not going to be too harsh, but, I mean we are all stressed. He is truly the defender of the Capital Crown, however, he really did not need to go there with Melissa.
How about how excited Dylan was for Melissa's Nuclear Option special? He looked as if he was going reach over there and choke the crap out of her, when he first said how excited he was about seeing this series. Yes, I used the word crap, but I am not on tv, I am a blogger I can say words like this. As for Melissa, there seems to be something going on between CNBC and her, or why did they decide to go with this format of, On The Money, financial self help show.As a viewer, I voiced my opinion, but at this point whatever is the cause of what occurred between these two journalis, is something that I really don't care to know. To be fair she should not have come back with, "this is why they never put us in the same room together"(she said this at least twice during the broadcast, the last time she said it, Dylan tried to save it, but was not really successful. You know what? Its good ratings). This was just blatantly obvious, and unfortunate. Through the broadcast it seemed like it would be alright, but it was very uncomfortable to watch, sort of like watching the DOW these last three weeks.
In conclusion of my rant, I want to leave a special note, if its read, which I doubt, by the CNBC staff. People, don't let stress get to you. If they are working you without sleep, better get some sleep. Don't criticize your team members, co anchors, etc.. I mean keep your banter, its entertainment, it keeps the viewers glued to the set, but stay within reasonable limits. I am hoping, that its just the stress. It 'pissed' me off, but I did see the rest of the broadcast.
Again, the CNBC journalists are excellent, but perhaps they have been working way too much, and it might be a good idea, to consider this: just like you should not be driving if you are too tired, nor should you be on the air. I don't know if this is what caused this, but whatever it was, I hope not see that again. The banter is fine, and is much appreciated, but when it really looks like two journalists are taking something personally, I really do not need to see that on the air. And no I am not going to email CNBC on this, its just an observation, I put in this blog, cause I needed to vent. Maybe the journalists over at CNBC could have a personal blog to vent through too.
Apple event today, but what are investors looking at?
Apple is one of the best tech companies out there. A visionary, which has gone beyond personal computing,and whether you are a Mac or a PC, Apple demands respect, and rightfully so. However, a main worry that lies in the hearts of investors and economic pundits alike is the health of its enigmatic leader, Steve Jobs. A survivor of a rare form of pancreatic cancer, his gaunt appearence is apparently overshaowing the presentation for the Apple line of products on this day.
On CNBC's Powerlunch today, there were comments that did perhaps simply espouse what lies within the minds of investors as they look at Steve Jobs, and not at what is being presented, and this is unfortunate, because this company is well loved by its users and by its investors, for its innovations and contributions to the industry.
There can be no doubt that although Apple is probably staffed by some of the most talented and ingenious employees in the industry, that Steve Jobs is the primary mover, the overwhelming influence and catalyst for the Apple corporation. Moreover, this must be of equal admiration as well as a ensueing dread for many, because no one can lead or live forever.
Perhaps, it is this that concerns investors the most: what will happen when Steve Jobs either leaves volunatarily or when he retires? A suggestion to Steve Jobs would be to take a page from someone that had equal presence and influnce over his corporation, Walt Disney.
Here we have a man, whose very signature still remains on his corporation. He had set up a system however, where there were solid people at the helm,like his younger brother Roy. Until Walt bought his shares out, it was Roy who kept the management of the company in check.Eventually he retired. He came back when his brother died to oversee the building of Disney World. Obviously however, this stayed within the Disney name until a decade after his death, but to this day, it is still known as the Disney corporation.
Creative genius must have a standard back up, and someone must be groomed, to not be another Steve Jobs, but to at least provide a transition during what could be an incredibly difficult time, if he were to pass on while he was still leading Apple.
Your health is a private matter Mr. Jobs, but it would be wise to perhaps start showcasing who could possibly take over in your stead. If it would be more than one person perhaps, still showcase those individuals. Don't leave things un done, nor let everyone assume that should you leave, so will the innovation at Apple. Your position is not threatened if you do show that Apple can continue on without your presence,and now may be the time to really show that the innovation will continue, long after your gone. After all, a coroporation is itself, considered an entity of its own.
On CNBC's Powerlunch today, there were comments that did perhaps simply espouse what lies within the minds of investors as they look at Steve Jobs, and not at what is being presented, and this is unfortunate, because this company is well loved by its users and by its investors, for its innovations and contributions to the industry.
There can be no doubt that although Apple is probably staffed by some of the most talented and ingenious employees in the industry, that Steve Jobs is the primary mover, the overwhelming influence and catalyst for the Apple corporation. Moreover, this must be of equal admiration as well as a ensueing dread for many, because no one can lead or live forever.
Perhaps, it is this that concerns investors the most: what will happen when Steve Jobs either leaves volunatarily or when he retires? A suggestion to Steve Jobs would be to take a page from someone that had equal presence and influnce over his corporation, Walt Disney.
Here we have a man, whose very signature still remains on his corporation. He had set up a system however, where there were solid people at the helm,like his younger brother Roy. Until Walt bought his shares out, it was Roy who kept the management of the company in check.Eventually he retired. He came back when his brother died to oversee the building of Disney World. Obviously however, this stayed within the Disney name until a decade after his death, but to this day, it is still known as the Disney corporation.
Creative genius must have a standard back up, and someone must be groomed, to not be another Steve Jobs, but to at least provide a transition during what could be an incredibly difficult time, if he were to pass on while he was still leading Apple.
Your health is a private matter Mr. Jobs, but it would be wise to perhaps start showcasing who could possibly take over in your stead. If it would be more than one person perhaps, still showcase those individuals. Don't leave things un done, nor let everyone assume that should you leave, so will the innovation at Apple. Your position is not threatened if you do show that Apple can continue on without your presence,and now may be the time to really show that the innovation will continue, long after your gone. After all, a coroporation is itself, considered an entity of its own.
Subscribe to:
Posts (Atom)
