Monday, October 2nd, 2006
CNBC makes another bid for the day traders
by Warren
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 dot.com 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.