I subscribed to your blog when is the next post

regards
tom grey
______________________________________________

Ultimately it is responsible for the investors to do their due diligence. There are lots of shows who have people expressing their opinions, it's unfair to hold the network liable. After learning about Mentor Capital (MNTR) on an investing site, I can't hold them liable for my decision to listen to their comments.

What happened to Dilloin? Don't see him in line up on CNBC anymore..

I plan on boyctting them permanently!

We are bycotting CNBC because all anchors and staff have vested interest in the stock activities and serve viewers stuff through guests what suits them most and not to viewiers and small investors. But posethemselves as great reaserchers!!!!!!!

I did my part

Thank You for your Statement. I whole heartedly agree. Only I wish I could have a choice. I work on Wall ST at a Brokerkage Group. My firm has CNBC tuned on every flat panel in our office. Some of our traders even have little CNBC windows on their computer screens.
I think every Wall St firm that have flat panels and TVs along their walls has CNBC as their default channel. It is terrible.

Pardon my naive wit, but at what point did CNBC make any guarantee about their stock picks or opinions? You take it with as much of a grain of salt as you do a comment on @stocktwits, do your own research and make your own decision.

They have a vested interest in selling advertising and that means that they have to be entertaining first and accurate second. Since we all know this, can we really be mad at them? They must be doing something right or they wouldn't still be on the air. Is a boycott really necessary? ... or effective for that matter?

I'm not pro-CNBC, I just don't see what all the fuss is about. I'm open to enlightenment on the issue beyond what is stated in the post above.

skoskie. agreed, agreed, agreed. You understand how it works. I understand how it works. But as a markets educator and in my experience (and this is unanimous among my colleagues who comment at my site), hardly anyone else gets it. The awareness you take for granted is actually quite rare. It shouldn't be. But it is. In my mind, helping others see things as you do is the goal.

Is the boycott effective? Nope. But it isn't going away. Next year will be bigger.

Is stocktwits the "pot calling the kettle black?" Yep. Only when stocktwits publishes 3rd party verified returns for their loud-mouths will they have ANY credibility. Maybe cnbc will beat them to it. :-) There are a few small operations with the ability to publish actual returns, but they go through a nasty start-up cycle. That cycle - the one where market participants risk too much to get attention of others isn't any different from the newbie ... sorry. gotta run. will type more later. maybe.

Thanks for the well-articulated response. I recall a quote but not who said it (thinking maybe Mother Theresa), when asked if she would help protest against the war she replied, "No, but I will picket for peace." There is a fundamental lesson here that very applicable. I'm somewhat of a newb in that I feel like I have a lot to learn. A boycott on CNBC only takes away one of my resources for information, but fails to replace it with another. It seems that the momentum being created here would be better served by pointing to more credible resources for people to turn to and showing the comparisons between that and CNBC as a selling point for switching.

Right now I think Seeking Alpha is by far my favorite resource, but they don't push the information to me; I have to go and get it. In other words, the thing that keeps me watching CNBC is that it is on TV. It constantly updates with the latest news without any effort on my part and doesn't take up valuable screen real estate on my monitor. I don't get Bloomberg (are they also worthy of boycott?) in my area, so it's really the only option that serves the purpose I need. Are there any sites that offer live streaming market coverage *and* meet the requirement for TPVR?

Again, I'm open to ditching CNBC, I just don't want to be left empty handed.

S.

You have to recognize CNBC for what it is: one long informercial for stocks. CNBC give advice on buying stock in the same way Billy Mays gives advice on buying laundry soap.

plz add

CNBC is the reason why we have a recession and global warming. If it wasnt for the network we'd never had 9/11 and the failure of Lehman Brothers. I'm also of the mind that the housing meltdown was due to CNBC's plotting. Next I hear CNBC wants Israel to attack Gaza...oh wait a minute I guess they already did. Arnold Schwarzenegger also said CNBC is to blame for California's budget mess. You see a pattern here? CNBC is to blame for everything. Don't call me paranoid. I'm really a smart person. Have a nice day.

since when does fox business news pay you to launch boycotts. you should be ashamed of yourself. maybe someone just investigate your crap.

a very very thanx to U

I quit watching that network several months ago for pretty much the same reasons you point out in your note. Thank you for your statement.

Boycott everyday and STOP WATCHING.

Duh

CNBC is the worst form of media . We should all turn them off, for good.

I boycott CNBC daily. who in their right minds would ever watch it when they can watch Deirdre Bolton on Bloomberg?

I have created a group at facebook called: Boycott CNBC. Search the groups, sign up, and spread the word...

nice to see this words they are fooling the audience by not teling the actual facts. those chanals are miss guiding all

I boycott CNBC EVERY day.

cnbc's most annoying commercials

http://thereformedbroker.com/2009/01/12/cnbcs-m...

I turned off the "noise" a couple years ago. If I would have created a George Kastanza portfolio where I did the opposite of everything CNBC suggested was happening in the market, I'd be rich!.

And if we have to watch beautiful blonds who don't have a clue, then let's bring in some hot hunks so us ladies have some eye candy!

you boys will see what accountability looks like when I launch my "Tool Shed"

Big-P

CNBC & Bloomberg serve their purpose as atmospheric infotainment. Sure we can laugh at the pundits and their ideological bents, but I still respect them for providing a service to the financial community.

What I'd love to see is something the financial news networks hint at but don't really get at the crux of. In these volatile times, a lot of traders will trade breaking news events in intra-day and even intra-minute strategies. With cataclysmic data releases and sovereign market interventions happening on a daily basis, the 'crisis' has provided some really stellar opportunities for the short term scalpers.

With shows like 'Million Dollar Traders' and a recent article in NYMag, 'Stock-surfing the Tsunami', its clear there is a voyeuristic fascination with real time trading reality. That certainly is a huge draw for StockTwits followers. It's not simply educational for fellow traders to get a gauge on the commitments of traders, I think there is something in human nature that makes us love watching people win and lose enormous sums of real cash. As long as it is not our capital!

Basically what I would like to see is a real-time video feed of an actual elite proprietary trading house. Where every trader is mike'd, every screen is broadcast, and every position revealed, as well as the strategy behind it. There could be different channels for different asset classes, etc.

If you are sure in your trading strategy, what do you lose by sharing it with others? Markets are dynamic. A strategy that works today might be useless tomorrow. I think StockTwits has shown there is a huge community of like minded traders that enjoy transparency.

unless you are a ratings household, they will never know

Boycotts are un-American and you are all closet Soviets.

Yep. They need a new motto.

Stocktwits: Finance for the Proletariat

Are we confusing a media outlet with stock picking newsletter. Perhaps, they should just add a disclaimer.

(an excerpt from a morning note written on January 28, 2009)

“What is a committee? A group of the unwilling, picked from the unfit, to do the unnecessary.”
-Richard Harkness

I haven’t had to ‘You Tube’ CNBC for a while now, but I guess all it takes is the first 3-day rally in the US stock market since November to remind us all how reckless some of these entertainers on our nation’s manic financial media network can be. After all, most of the “traders” on Dillon Radigan’s “Fast Money” have never seen a bullish tape that they didn’t chase.

Unfortunately, this tape isn’t bullish, yet. Clearly, Dillon Radigan doesn’t proactively manage the process by which his “committee” of Fast Money group thinkers gets excited at immediate term tops and freak-out at immediate term lows, well… because… the man doesn’t have an investment process.

A wise man who taught me a great deal in this business once told me that it is better to be an idiot in this profession and remain silent, than to open your mouth in a meeting and remove all doubt. Last night, Fast Money’s Joe Terranova – the man they call “The Liquidator” – reminded me of as much. After (not before) this 3-day rally, this momentum trader of everything that goes up was firing his mouth off on being bullish on everything from Brystol Myers (thanks, we just sold into that), to energy stocks. Then he proclaimed his mystery of faith by asserting himself as a resident expert on what this “Bad Bank” proposal means – it was truly a professional embarrassment.

When someone who has no idea what they are talking about looks into one of these cameras and gives you that ridiculously serious stare that the producers of Fast Money order their performers to deliver, please watch your step. The only thing worse than an idiot giving you financial advice is an idiot who always has conviction......

my problem with that network is simple. cnbc is part of the wall street machine. they come out everyday with a clear agenda to push and all or most of the commentators/guests and even the hosts that they parade around on a daily basis, knowingly lie straight-faced to anyone stupid enough to believe the crap that comes out of their mouths. how would markets move if there were no idiots to take advantage of? cnbc's sole job is to continuously renew the pool of suckers for everyone else to feed off of.

where would we be if we were always forced to trade against "smart money"? eventually, there would be nobody left except for the house and trading volume would slowly evaporate as the level of trust diminished, sort of like what's going on lately. then the enormous bloated ponzi scheme that we call wall street would come crumbling down and everyone would be out of work and we couldn't have that right?! so it's no wonder that the regulators always seem to turn a blind eye to the obvious. it's not that they don't know what's going on, nobody wants to see the game come to an end. it can't, so the charade continues indefinitely until they squeeze out every last drop of profit from one generation of investors or the next one is ready to wade back in.

yeah we've all heard the saying before and it's nothing new: there's a new sucker born every day, and as long as this saying remains true, cnbc will be there to lure them in. you can bank on that.

So, we should watch Fox Business Network instead?

no nobody does so it's a moot point. they dont move markets

It may be a slam dunk to say CNBC is overwhelmingly over the edge and lacks sound, reasonalble positions presented to the general public for the common good of the country . . . but may I suggest to consider excluding Joe Scarborough's program (Morning Joe) from a negative broad brush description since he represents more of a genuine independent point of view on the political issues that both political parties tend to slant to their own partys' agenda over the good of the people and country.

why turn off CNBC for only one day, one hour? If you really believe they are destructive for your financial health as I do, just turn them off forever as I did two years ago. Or even better, create an alternative and put them out of business. Stocktwits could be a great platform for that.

ivanhoff you make THE point other than they are competing unfiarly and in an unregulated way with NO accountability.

only people who disclose their performance openly and have it verified should be allowed on, everyone is madoff suspect

Amen to that. CNBC's (and others') credibility is nil. Now is the time to bring street cred into the light.