Wow! I am awestruck by the Herb Greenberg Blog posts on CNBC today concerning ISRG. I used to think Herb did real investigation into his reports. This time, he is just regurgitating the short sellers/plaintiffs' lawyers spiel. He didn't even attempt to get balance from da Vinci advocates. Herb, you are a shill - that's all, just a shill. But you really have to give the plaintiff's lawyers and the Bear Raid organizers credit - they are really working their butts off - creatively, too - to keep pressing their attack
CNBC is for entertainment purposes only. Never use for investing advice of any kind. They have 12 plus hours each day they have to fill the air with. So be rest assured they will be booking 200 to 400 talking heads per day spewing OPINIONS all over the map. Everything from stocks to the economy.
A great piece was on business insider showing about 50 of the "experts" and their market predictions. Doom and gloom at Dow 7000, 8000, 9000. Some of the big names out there and strategists. All wrong. Listen to anything on CNBC and you will likely lose money or certainly lose to the indices.
It is entertainment television, period. My advice is to watch Bloomberg or if you must watch cnbc turn the sound off. Your portfolio will thank you for it
I don't know about Herb, but a bunch of reporters will parrot whatever their hedge fund sources want them to say, in return for getting continued information from those sources. Quid pro quo, Clarice.
That's because it's his job to be negative. That's how he can justify a paycheck. His job has always been to look at the contrarian side and not go with the flow. However, he's supposed to investigate and cover the facts not just become "Mr. Negative" jumping on that band wagon with no propriatory investigation. He's literally working himself out of a job as the whole point of his position is to dig and find the truth! Not agree on anything negative said by anyone.