CNBC Boycott
Mon, Feb 2, 2009 | Jared Woodard
Stocktwits is calling for a boycott of CNBC for tomorrow, February 3rd.
Of course no one actually watches CNBC, except in the way that hipsters drink Pabst and grow mullets and go to monster truck rallies. It is enjoyably kitschy to hear Larry Kudlow praise the virtues of laissez faire capitalism as if the last two centuries hadn’t happened, and to watch the flashing banner alerts and wonder at how our culture has become so addicted to primary colors.
But their crass aesthetic and ideological immaturity aren’t the primary reasons to disregard the network. The real problem with mullets and Pabst and Toby Keith songs, and with CNBC, is that there are people, large swaths of humanity, in fact, who apparently regard the above unironically. And there are others who trade based on how they suspect the hoi polloi will react to the news of the hour. And so on. Conflicts of interest abound, performance assessments are entirely absent, and the only service provided is stimulation, not information.
So for those with any sense, a boycott of CNBC will make tomorrow no different from any other day.
Tags: cnbc, kudlow, stocktwits
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February 3rd, 2009 at 9:32 am
[...] Remember that today is Boycott CNBC Day. You can read more at FT Alphaville and Condor Options. [...]
February 3rd, 2009 at 1:36 pm
[...] CNBC Boycott | Condor Options This entry was written by Tom, posted on February 3, 2009 at 1:36 pm, filed under quote. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Comments are closed, but you can leave a trackback: Trackback URL. « New Statesman – The book that changed my life [...]
February 3rd, 2009 at 8:04 pm
[...] Condor Options: CNBC Boycott [...]
February 5th, 2009 at 1:52 pm
[...] the public consciousness in any permanent way. There are obvious places to lay blame, but CNBC, the WSJ editorial page, and political demagogues couldn’t accomplish this on their own; a [...]
February 6th, 2009 at 2:43 pm
[...] the public consciousness in any permanent way. There are obvious places to lay blame, but CNBC, the WSJ editorial page, and political demagogues couldn’t accomplish this on their own; a mix of [...]
June 8th, 2009 at 12:57 pm
[...] Ritholtz posted a list today of ideas for fixing financial television. Since my CNBC Boycott post generated some interest (I was interviewed for the fantastic recent CJR piece), I would be [...]