I also find that CNBC is way too bullish in a bull economy and way too bearish in a bear economy.
"In a way, CNBC has no choice but to become political, since the economy itself has...CNBC's reaction is colored by its stressed-out day trader's focus on the short term. When CNBC considers the economy, it means Wall Street's numbers that day, that hour, that minute. CNBC may pay lip service to the long term, but it has the time horizon of a fruit fly."
CNBC's Bull Market
by James Poniewozik
http://www.time.com/time/arts/article/0,8599,1884328,00.html?iid=fb_share
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