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...stock-market strategist at Morgan Stanley, took the system to task in his research report: "It is clear that the profession has some serious work to do to rebuild confidence," he wrote, urging analysts to be "intellectually honest and independent." My favorite criticism comes from the stock jocks on CNBC--the very same folks who made stars of bulls like Blodget and Meeker by putting them on the air day after day while the bubble was still bloating. These watchdogs now insist that analysts answer for their miscalls. O.K., but who's insisting that the TV folk answer for airing...
Sharon Epperson is a correspondent at CNBC Business News. E-mail her at sharon.epperson@nbc.com
When it comes to reading about the economy and your money, it pays not to believe the hype that you read in the press. Everyone has their own interest in mind, and the same person who's trashing tech stocks on CNBC has probably shorted the NASDAQ behind the scenes. What we have now is a small correction, and anyone who says otherwise either knows more than Alan Greenspan--who remains cautiously optimistic-- or has got a horse to sell...
...Everybody was waiting for Eminem. In the weeks leading up to the Grammys I went on MSNBC, CNN, "Charlie Rose" and even CNBC to talk about Slim Shady, a.k.a. Marshall Mathers. I'm still waiting for a call from the Food Network. My take on it basically boiled down to this: Eminem has some talent - all you have to do is listen to his smoothly rapped hook on "Forgot About Dre" to realize that. But, truth be told, his album isn't all that. Wyclef, OutKast, Dead Prez and even Dr.Dre made better, richer, edgier albums last year...
Sharon Epperson is a correspondent at CNBC Business News. You can e-mail her at sharon.epperson@nbc.com