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daayoo (< 20)

CNBC is Rumor central...

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August 29, 2008 – Comments (2) | RELATED TICKERS: UNG , USO , BSC

I cant belive all the freaking rumors CNBC puts out. I'd say at least 3 a week, probably more. The latest one just happened about 5 minutes ago: A big hegde fund speculator is betting nat gas and oil are going to go thru the roof because of the hurricane. No names, no proof that CNBC actullay points to. Just rumor and innuendo. Not to mention all the BSC,LEH,FNM,and FRE bull they spread on a daily basis. I'm long UNG and USO for a trade so rumor away CNBC. PATHETIC!! 

2 Comments – Post Your Own

#1) On August 29, 2008 at 2:07 PM, LordZ wrote:

CNBC accuracy is close to 100%

they foretold BSC

they foretold BUDweiser

Its not a rumor if its true

and if they say some larger speculator has put a position on natural gas.

I would take their intel

for it is intelligent

now if Crammer was to come on and talk, I would be leary.

but not necessarily fully discount what comes out of his mouth as you can make money betting opposite him often.

 

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#2) On August 29, 2008 at 2:50 PM, motleyanimal (99.22) wrote:

I don't know who it is, but they probably used to work for Amaranth.

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