29 March, 2009

When Numbnuts Advise Novices

Digby has a great point here:
I just heard CNN's week-end money team giving stock tips to their viewers to "recession proof" their lives. Now, I don't doubt that there are great buys to be had in the market and that some people may be in a position to invest right now and make some big bucks over the long haul. But if the hosts of the show also feel it's necessary to first explain what a stock is and tell them that the odd letters on the screen stands for the company's ticker symbol, I think maybe stock picking may be over the heads of their audience.
Is it just me, or does it seem like the teevee "news" has become one long series of infomercials? I know there's a sucker born every minute, but at the rate these fuckwits are going, they're going to bankrupt their supply before the next generation of suckers come of age.

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