“The ideal CNBC interviewee was "a former beauty queen who covered technology stocks, spoke in short sentences, and dated Donald Trump." - John Cassidy, The New Yorker Love it or hate it, CNBC has become an integral part of most US investors' lives. Yet there was a time before the financial network came into prominence.
inverse cramer ETF
I occasionally watch CNBC but primarily for entertainment as the advice frequently is not much good. Two Barron's articles delineated how Jim Cramer's advice usually trails the market. Remember when he animatedly told people not to sell their Bear Stearns stock and everything was hunky dory over there. My personal head scratcher is his persistently negative take on Novo Nordisk which I have followed for over a quarter century as an interested investor. In one instance he brought on the CEO of Sanofi to tell his audience that his company was better than NVO and, in effect, would be eating its lunch. On another occasion he told his audience not to invest in NVO because it was headquartered in Europe. Recently he had to acknowledge NVO's success to a caller but still managed to advise him to invest elsewhere.
I love reading your post about the history of CNBC. I do use their app for watchlist and scan what’s going on.
A great history lesson on CNBC, sounds like they care about ratings more than anything.