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Have you ever made a financial decision based on something you saw on CNBC?

  • Yes

    Votes: 2 5.1%
  • No

    Votes: 37 94.9%
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Are you going to play the Jon Stewart clip?
 

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No.

But had the TV show in question been Sesame Street.....
 

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Discussion Starter #6
Are you going to play the Jon Stewart clip?
No, I figure people can see that themselves. I was just curious, because I was talking to a group of people this morning, and none of us had ever watched a cable financial show or made any decisions based on them, and didn't know anyone who had. But then, most of us don't have any money. :) So it just got me to wondering who watches those shows. I have always read that it's foolish for the average person to try to beat the market, and I know that Barron's did a study that showed that Jim Cramer in particular has a TERRIBLE track record (like you would do much better with an index fund than taking his advice). Hence the poll.
 

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Nope. But I do have a finance degree so I'd read Barron's before watching a cable show.

I <3 Jon Stewart and I find the little "fight" going on to be hilarious.
 

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Ah. The JS clip was the first thing I thought of when I saw the question.

My answer is no, but like you and your friends I have no money with which to follow their advice. I do like to watch Dave Ramsey and Suze Orman though for the entertainment value. "I make $24,000/year, can I afford an Escalade?"
 

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I watch and I'm always happy to hear about issues that may effect my decision making, but I would never think "Cramer says to buy X" and go out and do it.

I'm more of a Neil Cavuto chick, anyway. I love his frustration with everything. He's the only person I've seen lately who is perfectly willing to tell a congressman or senator to their face that he thinks they are full of crap. I find that refreshing.
 

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Discussion Starter #14
I do like to watch Dave Ramsey and Suze Orman though for the entertainment value. "I make $24,000/year, can I afford an Escalade?"
Hee hee. I do find it curious. I am not financially skilled at all, and I'm not even good with math, so I guess I assumed that I'm more ignorant than the average person. But then I'll hear someone call into Marketplace Money with a question like, "I got a raise at work and have some extra money. I also have $40,000 in credit-card debt. Should I use the extra money to pay down the credit-card debt?" :confused:
 

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I doubt that I would, but after the last two rants by CNBC "experts" I am now sure I would not. Too much political influence in their decision making process.
 

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No, I figure people can see that themselves. I was just curious, because I was talking to a group of people this morning, and none of us had ever watched a cable financial show or made any decisions based on them, and didn't know anyone who had. But then, most of us don't have any money. :) So it just got me to wondering who watches those shows. I have always read that it's foolish for the average person to try to beat the market, and I know that Barron's did a study that showed that Jim Cramer in particular has a TERRIBLE track record (like you would do much better with an index fund than taking his advice). Hence the poll.


I think Jim Cramer is as..... as a screen door in a submarine. Anways, I DO make financial decisions when he speaks, usually the opposite. I just can't stand him. He is so radical and we just don't need that type of "fly by the seat of your pants" decision making right now.
 

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I watch CNBC, I like hearing the guests speak and give opinions. So I guess the technical answer is yes, although never solely on what CNBC said.

I have it on now. Typically, it's my white noise channel. I'll have it on and listen to bits and pieces of it while I'm doing work.

I sense a new urgency to marginalize the network, though, sense Cramer, Santelli, and Kudlow have drawn the ire of the Obama administration.
 
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