Wednesday, August 16, 2006

JonBenet Ramsey

What does JonBenet have to do with investing?

Absolutely nothing.

But the story has everything to do with what's wrong with the mainstream media.

Tonight I checked each cable news channel and every single one of them was wall to wall "JonBenet"- including CNBC, which had two guys yelling over each other.

There's a more important illustration here that sticks out like a sore thumb: with the way the financial media covers news you feel like you're on a pogo stick on a treadmill.

Worse yet, like the bozo's yelling over each other on CNBC tonight, there's plenty of wild speculation about something none of them can predict and that none of them appear to truly understand (the handling of the jobs numbers come to mind).

And this doesn't even begin to address the Jim Cramer circus.

Finally... WHAT'S UP WITH THAT BOUNCY FLOATING CAMERA THAT FOLLOWS BOB PISANI AROUND THE FLOOR OF THE EXCHANGE??!!

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