Monday, October 2nd, 2006

CNBC makes another bid for the day traders


CNBC used to be the network of choice for day traders and other get-rich-quick types trying to become financial moguls from their den or spare room. When the bubble collapsed back in 2000-2001, CNBC’s ratings took a nose dive. But recently, not only has viewership returned, but shows dedicated to the newly resurgent daytrading legions have emerged.

Between that and the housing bubble, I think we’re in very big trouble, and my investment advice would be canned food and shotguns.

Warren Frey is a journalist, freelance writer, podcaster, video producer, and all-around media consultant currently based in Vancouver, Canada. His written work has appeared in such publications as Metro Vancouver, the Westender, Mac | Life and the Japan Times.

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