Delinked in Danville - Market Comment with Mute CNBC
With limited online access and in a town where the nearest WSJ or NYT is at least 40 miles away so even print media is minimal, perhaps a generous adjective, a market comment here may seem to be a stretch. Admittedly there has been quite a bit of CNBC on mute, for the most part a far better experience just as with some sports events.
So the opinion here at the moment - while volatile, the financial markets today are a jumble of competing interests that are more or less zeroing each other out. Interest rates, equity valuations, currency prices, gold, industrial and agricultural commodities, and unpredictable government policies, all on a global scale are the relevant factors. There are a reasonable number, is reasonable the right adjective, of market participants who are experts in and know how to exploit an individual factor's trading volatility for financial gains. There are few participants that can put all of the factors together into a coherent viewpoint, fewer still that are prescient enough to have a vision that could actually be right. Would these precious few take time to be on CNBC, or even care to be well known.
Mute CNBC is farcical. The practiced charm in the facial expressions of the glib hosts, the serious glares of the authoritive well coiffed experts, the self regarding devil may care mirth on the face of the known provocateur, the we're brilliant shared egotism on the faces of those panels of stock experts - why not another spin-off of the Daily Show for business news. Colbert certainly worked. Sometimes it looks as if Jon Stewart is so depressed by the news these days that he's having trouble with the humor but he's stuck and can't leave his own show, so why not John Oliver. The U.S. financial world adores a British accent, and there would be so much to work with. "Market Beat with John Oliver", Michael Jackson's song pulsing as the camera pulls into focus - beat it, beat it, beat it, "and with co-host Samantha Bee" beat it, beat it, beat it.
So the opinion here at the moment - while volatile, the financial markets today are a jumble of competing interests that are more or less zeroing each other out. Interest rates, equity valuations, currency prices, gold, industrial and agricultural commodities, and unpredictable government policies, all on a global scale are the relevant factors. There are a reasonable number, is reasonable the right adjective, of market participants who are experts in and know how to exploit an individual factor's trading volatility for financial gains. There are few participants that can put all of the factors together into a coherent viewpoint, fewer still that are prescient enough to have a vision that could actually be right. Would these precious few take time to be on CNBC, or even care to be well known.
Mute CNBC is farcical. The practiced charm in the facial expressions of the glib hosts, the serious glares of the authoritive well coiffed experts, the self regarding devil may care mirth on the face of the known provocateur, the we're brilliant shared egotism on the faces of those panels of stock experts - why not another spin-off of the Daily Show for business news. Colbert certainly worked. Sometimes it looks as if Jon Stewart is so depressed by the news these days that he's having trouble with the humor but he's stuck and can't leave his own show, so why not John Oliver. The U.S. financial world adores a British accent, and there would be so much to work with. "Market Beat with John Oliver", Michael Jackson's song pulsing as the camera pulls into focus - beat it, beat it, beat it, "and with co-host Samantha Bee" beat it, beat it, beat it.
posted by John Borden at 11:10 AM
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