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Edited on Fri Feb-20-09 05:11 PM by Lucky Luciano
Mom & Pop investors might trade on CNBC comments - and as such, if CNBC were smart, they would want the market to go up - much better for ratings when the mom & pop investors can watch. Wall St traders have CNBC on in front of them, but simply as another source for breaking news - they get most of their real time news from their Bloomberg terminals, Reuters feeds, Street Accounts, SkyGrid, various subscriptions, chatting with the many contacts they have made including their institutional brokers, former colleagues, friends, and anyone else who might have an idea, etc. CNBC is just another blip that might get a piece of breaking news first...but Bloomberg usually beats them to the punch...and nobody gives a shit about the times that 7 or 8 talking heads get on the screen and start yelling at each other to the point where it cannot be comprehended.
Last, but not least....Larry Kudlow is the most ridiculous boob on TV.
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