CNBC - Criticism

Criticism

See also: Jon Stewart's 2009 criticism of CNBC
  • CNBC has been criticized for allegedly amplifying bull and bear markets, particularly in the run-up to the Dot-com bubble and the subprime crisis. In response to these criticisms, CNBC anchors have pointed to the size of the market and noted that influencing it is "a little out of our reach."
  • Jon Stewart on Comedy Central's The Daily Show has been a vocal critic of CNBC and some of its personalities, beginning after comments were made by Rick Santelli. Despite the lack of direct comments by the network, several personalities have defended their predictions and comments.
  • CNBC was accused by the Obama administration of "cable chatter" -- the excessant and sometimes brutal discussion on a particular topic, often one-sided.
  • James Cramer's stock picks on his CNBC show Mad Money were found by Barron's magazine in 2007 to have underperformed the S&P 500 stock index over the previous two years. Barron's stated that "his picks haven't beaten the market. Over the past two years, viewers holding Cramer's stocks would be up 12% while the Dow rose 22% and the S&P 500 16%." CNBC disputed the magazine's findings.

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Famous quotes containing the word criticism:

    “To be just, that is to say, to justify its existence, criticism should be partial, passionate and political, that is to say, written from an exclusive point of view, but a point of view that opens up the widest horizons.”
    —Charles Baudelaire (1821–1867)

    “People try so hard to believe in leaders now, pitifully hard. But we no sooner get a popular reformer or politician or soldier or writer or philosopher—a Roosevelt, a Tolstoy, a Wood, a Shaw, a Nietzsche, than the cross-currents of criticism wash him away. My Lord, no man can stand prominence these days. It’s the surest path to obscurity. People get sick of hearing the same name over and over.”
    —F. Scott Fitzgerald (1896–1940)

    “A tailor can adapt to any medium, be it poetry, be it criticism. As a poet, he can mend, and with the scissors of criticism he can divide.”
    —Franz Grillparzer (1791–1872)