For those of you who missed this on Zero Hedge yesterday take a look:
I thought this was pretty hilarious. Ratings are down 30% from a year ago. Shouldn't "Bubblevision's" ratings be soaring after a 40% bounce in the market?
Perhaps being obsessively bullish is starting to annoy the hell out of the sheeple as millions are losing their jobs and struggling to survive?
Notice the biggest drop in ratings was Larry Kudlow's show. He has lost 2/3 of his viewers from a year ago, and we all know he is the most bullish of them all! I think its time to hang up the bull horns Larry. No one is listening to you! CNBC could probably run a Shamwow infomercial and get better ratings.
IMO, CNBC is slowly becoming irrelevant because they are failing to connect with their viewers who are struggling financially. They are losing credibility with their audience because they are simply not painting an accurate picture of reality.
I also find it very interesting that Dennis Kneale and Charlie Gaspirino are now publicly bashing the bloggers. Could it be that the blogoshpere is threatening their "bull kingdom" as all of these websites viewerships continues to grow?
I also find it interesting that they have allowed Karl Denninger on air three times in the last few weeks. Has CNBC decided its time to make a change before no one tunes in?
Lets hope that CNBC is finally waking up to the fact that the economy stinks, people feel like crap, and they are tired of being told how wonderful everything is when the reality is things suck!
Most investors have lost 50% of their nest egg twice in the last 10 years after listening to all of these bulltards. Being an "all in" bull suddenly doesn't look so desirable anymore.
The ratings say it all folks. People want the truth and are tired of being lied too! Most our financial press has become nothing but a soundboard for both Wall St and the government's agenda.
CNBC: You know how TV works. The ratings are all that matters. Perhaps its time for a different, more balanced approach as to what is actually going on in the world.