I wake-up 4 clock every morning to get ready for
work and one of my favorite things to do when I wake up is to turn to Bloomberg
TV or CNBC to watch what's going on in our economy and how wall street is
taking the news. I do watch more CNBC than Bloomberg though. Another
favorite of mine is to listen to Squawk Box to see what the next IPO is and how
good the company will perform among other things.
I like to watch CNBC because I rather watch thing
about money than to watch over and over again about the same story in a local
regular news channel. Basically, I watch CNBC because I get more out of
it. Although, I listen to the news channel for current events, my
intentions are not to watch the same news over and over. I got it the
first time.
One will think that when watching CNBC, especially
Squawk Box at 4 o'clock in the morning it only deal with money, IPOs, and Wall
Street. They also inject politics into the new, which is fine by me. Personally,
I feel that they also talk down the market sometimes. It is almost like
they determine which stock to talk down for the day. Whichever stock or
stocks they decide to talk badly about will go down as one watch.
Last week, Ebola was the topic and you can see what
it did to the stock market, airlines, travel industries, individual investors and 401(k)
investment including me. We lost a lot of money. This week everything died
down till today, Friday the 24 of October. I woke up to another Ebola
scare in New York and the people at Squawk Box ran with it and I know that
other news sources are doing the same thing but I watch Squawk Box in the Morning and
that’s what I know.
What I am trying to say here is that as they keep
reporting that the Doctor in New York with Ebola is not being truthful about
his condition prior to checking himself in the hospital. They were
repeating this over and over. He was accused of say his temperature rose
from 98.6 to 103. As I watched DOW, S&P, and Nasdaq future as they were down. I
don't know how much of that was a carry over from yesterday when the new first
came out. Shortly before the end of their show, they announced, that the
doctor did not have 103-degree temperature; instead it was 100.3-degree
temperature. When this was going on, I thought to myself there goes my
retirement funds again. It is almost like someone is making money out of
this and ordinary people like you and I are loosing big time.
I believe so much in America and our ability to get
things done. America has health care infrastructure that African
countries do not have. Therefore I believe that there is protocols put in
place in America to make sure that Ebola or any other disease does not become
pandemic in America. If some African nations in the path of the pandemic
manage to become Ebola free, I know and trust that America can take care of
this.
I asked that CNBC and other news outlets stop
playing with 401K investors and the market as a whole. Stop talking about what you have no
experience and focus on your experience, which is financial market. You are not an expert on Ebola. Stop acting like you are and stop
promoting public fear of the unknown in the process. American doctors have determined that Ebola is not airborne and I believe them and maybe you should too. Lets wait for the doctors to be proven wrong before we jump into conclusion that they don't know what they are talking about.
I understand that no one from CNBC or even the public will
ever see or read this and I’m by no means an expert in anything. I believe in
information but not repetitions that take over the whole news hour. I
love watching CNBC especially at 4 o’clock in the morning. Perhaps my thought
does not matter or reflect others, I thought I share it anyway. Other
people may have the same experience and feel the same way about this issue.
