I made some really big money from Wall street week with Louis Reykeser-and
made still -he told me 6 or so years ago to get into commodities-so I bought
oil-which is doing well -I have not found another show since then- but I
sometimes watch Cramer and mad money
The follow on to Louis Reykeser program on CNBC may as well be "Kudlow
and Company", although as someone said the info density is low and
admittedly the yell-fests can be a distracting annoyance. Kudlow had
taken over the banner of against-the-grain optimism in the last 5
years of market growth, and following the sector advice, etc would
have lead you to a vortex of high returns. Now overly immersed
political commentary so maybe best handled by recording and later
skipping to the market highlights.
"Suze" is a mess re: investments - her editor must clean up her book
advice. She's made specific fund ticker recommendations on-air along
with rationale that didn't match the ticker. And the rationale itself
being a mistaken interpretation of old platitudes that then backfire
for her over time, which she eventually changes for another mistake!
Much of the rest is a freak show of people who've made reckless self
destructive decisions, so hard to get interested in despite some
useful tax and misc info.
"Cramer" sometimes has a good capsule of market trends in the first
couple minutes. Maybe once a week he adds some useful rules of thumb
on investing. His interaction with callers may be the most annoying
rituals on TV, possibly to make it unseemly for them to be frank and
say the reason they are calling is his recommended stock has gone way
underwater for that caller. Not that Cramer picks are mainly bad, but
if you pay attention the calls often seem to be about stocks he pumped
but went really down. He plays the tough guy, but has repeatedly been
a cry baby running for defensive stocks at countless little blips on
the long past uptrend.
"Fast Money" combines a quite unpromising format with a neer-do-well
host, and somehow comes up with entertainment and value! I'm a little
disoriented by this, but kudos to Dylan and the way it seems to give
quite useful sector calls and explanation/education even when
discussing stock details that I wouldn't ordinarily care about. Try
their free "word on the street" podcast by seaching for cnbc in Itunes
- isn't at least the beginning provocative and useful for close market
watchers?
There is also the Bloomberg channel, which is improving from a slow
start. Best of all is CNBC Europe from London, like Geoff Cutmore's
Euro Squawkbox program. The web mainly seems to list some novelty
stuff from him like
http://www.cnbc.com/id/16266794/site/14081545/ but
it is a class act. His probes into US and world markets makes the US
side of CNBC seem in comparison like a tribe of jabbering monkeys
trying to make sense out of an Apollo moon launch. Geoff's show, on
the other hand, is more like watching the same launch in the
insightful company of the late Werner von Braun while sipping your
favorite beverage.