CNBC is after one thing, ratings. They need to be on very good terms with everyone on wall street in order to have access to people to interview and information to report.
Normally they are big cheerleaders for the street unless someone obviously screws up so bad it makes for good news. The only thing I usually get out of CNBC is the data stream at the top and bottom of the screen and the rare interview with someone I'm interested in hearing.
Just watch Joe Kernan talk for one morning show and you will see what I mean.... ;)
You're not going to believe this but the guy (far left) said that silver is way overbought and historically should be at 60:1 and is now at 48, sell silver!
Can you believe this? I totally lost all respect for CNBC!
"Historically," silver trades at 16:1 NOT 60, and is now at 48, so BUY Silver is the investment advice.
I'm so freakin amazed at this Blatant in your face BS! JP must be hurt'n for some silver sells.
This jerk read sixty instead of sixteen, it's as simple as that, and the guys at CNBC are as simple, as that.
Never imply conspiracy, when stupidity is the more logical choice.
How quickly they forget GWB.
I quit too.
What did the shill's have to say?
What a bunch of baffoons.
If they knew their $ hit they would have called the 2008 financial collapse
People need to control what junk they let into their minds - Quote from Robert Kyosaki