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How to Get Rich Investing in Stocks by Riding the Electron Wave

Watch CNBC and Make Money, Who is Really Making Money? Part1

Politics / Mainstream Media Mar 09, 2009 - 12:28 PM GMT

By: Mike_Stathis

Politics Best Financial Markets Analysis ArticleMaybe there's a good reason why CNBC has a show called Fast Money. If you follow the advice of these guys, your money is likely to evaporate very fast. Likewise, I'm beginning to see why Cramer's show is called Mad Money. You're likely to get mad if you follow his advice. Or maybe you have to be a mad man to watch it. Cramer, didn't you tell investors to stay in Bear Stearns and Lehman Brothers just days before the collapse?


If only these were his only terrible calls. He has hundreds of others as records show. And the meatballs on Fast Money are no better. Once again, examine their track records. These guys are clueless. And if you have followed them you will agree.

Is it just me, or do these guys look evil? “Watch TV, Get Rich?” In my opinion, that claim is in violation of SEC rules, not to mention that fact that it's a complete lie. In fact, the opposite is true… “Watch TV, Become Poor.” The only people getting rich when YOU watch TV are those behind CNBC, including the sponsors. Of course most of the shows on CNBC have the token “babe” there to offset some of the testosterone overload.

Want to let CNBC know what you think of their Wall Street shills and imbeciles with terrible track records? Call Gloria McDonough (201) 735-3057. When I called her to ask “isn't it about time they started to air real experts with good track records,” she told me “all that matters is that we have been getting record ratings.” In other words, that's all they care about. Did you think they cared about providing accurate insight? Ratings means more ad revenues. And every time you watch CNBC you are making them rich, at the expense of your retirement account. If you watch CNBC, you are part of the problem.

Do yourself another favor. Pick up the phone and call the SEC 202-551-5777. And send an email enforcement@sec.gov . Demand they remove this stock pumping network from the airwaves. Demand they investigate these losers. Send an email to Obama. Go to www.recovery.gov and click the “Contact” menu at the top. Ask him why he appointed Mary Shiparo, another SEC insider to head the SEC? Demand the banking crooks be sent to jail. If the SEC was doing its job, it would have shut CNBC down long ago and sent the stock manipulators to prison. Understand this. The SEC is partners with Wall Street, just like the FDA is partners with big pharma. These government agencies aren't protecting you. They pretend they are by going after the small guys. The guys who didn't do much. Meanwhile, they let the market makers rip you off everyday. And there are hundreds if not thousands of other Madoff Ponzi schemes out there. I will guarantee it.

http://www.reuters.com/article/bankingfinancial-SP-A/idUSN2036292620070321

You need to detach yourself from all TV and radio shows, all websites and print media that advertises, mentions or interviews any of the clowns on CNBC or FBN because they are in the same dirty water.

My Story about Peter

I actually ran into one of the guys on Fast Money, Pete Najarian at a Charles Schwab Active Trader forum back in March 2008. Since the Schwab event was only a mile away, I went to offer my insights to investors. Make no mistake. I don't watch CNBC. I don't even have cable since I have no time for trash. I only saw the show once when I was on a business trip, bored in my hotel room. That's the only reason I even knew who Pete was.

I handed Mr. Najarian a copy of my book, “ America 's Financial Apocalypse: How to Profit from the Next Great Depression.” I told him that we were seeing the very beginning of what will be the biggest crisis since the Great Depression. I asked him to take a look at the book and contact me if he or anyone else at CNBC would like to discuss the coming depression. He agreed. Of course, he was the speaker at the event and I'm sure he cleared a nice fee. He was a pleasant man and a good speaker, but he failed to address most of the questions the audience had about the economy.

Pete, let me tell you this. You are an irresponsible bum. And you should be ashamed of your selfish interests. You are part of the CNBC crew that is responsible for causing millions to have lost their retirement savings. In total, myself and my PR person have contacted every TV and radio show you can imagine – over 1000, with no response; not in 2006, 2007, 2008 and 2009. As a matter of fact, I have been black-balled by the entire mainstream media in America . Ask yourself why? I'll tell you why. It's all about protecting the political and financial agendas of the media, whether its direct orders from the White House or kissing up to their corporate sponsors, many who are financial firms. And when they want to air doomers, they chose their friends. Guys who have zero credibility because they've been predicting doom for 15 or 20 years. In other cases, their perpetual doom pitch is a way to pitch gold to you. Have a look at the names of the guys they interview, whether it be on TV or print (Shiller, Roubini, Schiff, Krugman) and consider who owns the media and you should be able to figure out the connection. If not I'll spell it out in the future.

But that isn't all. See folks, the fact is that media clowns like Najarian make big bucks speaking at corporate events, many of which are financial corporations; the same corporations that advertise on their network. So by playing the game in fooling viewers, they not only serve the mission of the network, but they also make more money on speaking gigs. The facts speak for themselves. This guy is just as much of a clown as the rest of the losers on CNBC. And when you watch, you are making them money. They don't care if you hate them, as long as you watch. Remember that.

Certainly I have given several radio interviews to warn people of this mess, but most have been local radio shows. Why? Because they have more freedom to violate the status quo agendas since they do not have big name corporate sponsors. Other syndicated shows have strong political agendas and they do not want to interview anyone who can disrupt this. This is the way it works. And this is why everyone gets destroyed during these meltdowns except a small handful that have access to real experts. I have no incentive to market myself because, unlike the cheeseballs you see on TV, I don't deal with retail investors; the sheep. I deal with institutions. And you better believe the guys I'm advising are doing well in this crisis because it's a fact. My only motivation was to help retail investors – the average Joes – escape the same fraud that occurred during the dotcom charade. Those who listened to me or read my books were set assuming they had an IQ of 100 or more.

You need to understand that anyone who makes a career being on television isn't going to know what's going on in the economy or stock market. You can't do both. You are either spending all of your time researching and analyzing the economy and stock market or you're in production rehearsing your show. Since it is extremely difficult to know what to expect, most opt to become marketing machines because all they care about is making money. And they are incapable of making money consistently from the stock market. They make money selling you an empty bill of goods. As we all know, even most “experts” on Wall Street have been clueless about the economy and stock market. They don't need to be experts. They make money either way while you lose.

Why would Schwab have anyone else speak at this event other than a TV personality from their big marketing partner, CNBC? Because they want you to only have access to the “dog-and-pony” bull from CNBC. And they know that most people attach credibility to someone if they're a TV personality – a HUGE mistake.

The Schwab event was in early March 2008, the weekend before Bear Stearns was handed over to JP Morgan, compliments of taxpayers. As we all know, much has happened since then. Yet, despite contacting CNBC on numerous occasions before and since then, including Cramer's show, I have heard nothing. In fact, I contacted Larry Kudlow's production crew in May 2007, as well as several times thereafter and heard nothing. This man is a compete idiot. He doesn't even have an economics degree and he claims to be an economist.

For some, performance-enhancing drugs go beyond steroids. Larry, your best days were when you were snorting cocaine. Maybe you should start back up again; that is, if you ever quit. That's right. Most of you probably didn't know about Kudlow's expensive habit back in the days when he was at Bear Stearns. The reason you don't know about it is because you don't bother to check track records. You're sheep. Just admit it and correct your faults. Alternatively, you can make it easier on yourself if you accept the fact that ALL people on the financial networks are there to mislead you.

You should have learned your lesson from the dotcom collapse.

If you don't stop watching this trash, ill guarantee you'll get burned during the next collapse.

Coming in a week (hopefully) is my new website, www.avaresearch.com. Be sure to bookmark it. I will be opening up subscriptions for non-professional investors on a limited, first-come basis.

2

By Mike Stathis
mike@apexva.com

Copyright © 2009. All Rights Reserved. Mike Stathis.

Mike Stathis is the Managing Principal of Apex Venture Advisors , a business and investment intelligence firm serving the needs of venture firms, corporations and hedge funds on a variety of projects. Mike's work in the private markets includes valuation analysis, deal structuring, and business strategy. In the public markets he has assisted hedge funds with investment strategy, valuation analysis, market forecasting, risk management, and distressed securities analysis. Prior to Apex Advisors, Mike worked at UBS and Bear Stearns, focusing on asset management and merchant banking.

The accuracy of his predictions and insights detailed in the 2006 release of America's Financial Apocalypse and Cashing in on the Real Estate Bubble have positioned him as one of America's most insightful and creative financial minds. These books serve as proof that he remains well ahead of the curve, as he continues to position his clients with a unique competitive advantage. His first book, The Startup Company Bible for Entrepreneurs has become required reading for high-tech entrepreneurs, and is used in several business schools as a required text for completion of the MBA program.

Restrictions Against Reproduction: No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the copyright owner and the Publisher. These articles and commentaries cannot be reposted or used in any publications for which there is any revenue generated directly or indirectly. These articles cannot be used to enhance the viewer appeal of any website, including any ad revenue on the website, other than those sites for which specific written permission has been granted. Any such violations are unlawful and violators will be prosecuted in accordance with these laws.

Requests to the Publisher for permission or further information should be sent to info@apexva.com

Books Published
"America's Financial Apocalypse" (Condensed Version)  http://www.amazon.com/...

"Cashing in on the Real Estate Bubble"  http://www.amazon.com/...

"The Startup Company Bible for Entrepreneurs"   http://www.amazon.com...

Disclaimer: All investment commentaries and recommendations herein have been presented for educational purposes, are generic and not meant to serve as individual investment advice, and should not be taken as such. Readers should consult their registered financial representative to determine the suitability of all investment strategies discussed. Without a consideration of each investor's financial profile. The investment strategies herein do not apply to 401(k), IRA or any other tax-deferred retirement accounts due to the limitations of these investment vehicles.

Mike Stathis Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Thomas
13 Mar 09, 06:28
Are you not part of this too?

Why oh why are you telling us what we already know. So I guess you are trying to make an honest buck by telling us what we already know. Why don't you tell us what to do rather than telling us what not to do (like watch TV).


Hard Case
30 Jan 12, 06:09
Your no better sir.

Sir you spent your time using the CNBC shows as a vehicle to sell your own books. Your no better than they are but at least they stick there necks out and actually say something about the market. You just bashed them and said nothing about what's in your book.

I say " go sit on a cactus sir " as your using CNBC shows and personalities to draw attention to your opportunity to make money.


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