CNBC Tells Us Where Our Money Went
September 18, 2008 9:39 AM
Count me among the hordes of viewers who are glued to cable net CNBC this week as we watch our 401K and IRA funds dissolve before our eyes.
With this week’s broad-based selloff in the stock market, the financial news net by contrast has seen its viewer base soar, getting its best ratings since September 2001.
CNBC reporters have done a great job of de-mystifying what went wrong with their well informed coverage of credit default swaps and naked shorts, two factors that led to this week’s collapse of the market.
CNBC’s Dylan Rattigan, in particular, has been asking some hard hitting questions and advising investors how they can protect themselves moving forward. Also CNBC’s Maria Bartiromo, who always starts her after the final bell show with the question, “Do you know where your money is?” is doing overtime, anchoring extra shows during prime time
CNBC has become the new safe haven. Heck, even Jon Stewart is watching. Are you?