[SierraWasp]

Journalist making news!!!

[SierraWasp]

Ping!!!

[Dog Gone]

Journalist making news!!!

And profiting from doing so.

[sleepy_hollow]

If he really "adored" his family he would not have done this to them.

Also, why didn't he name is newsletter the "Calendra Family Newletter"? Oh I am sure he was thinking about his family when he named it.

He's guilty.

[glock rocks]

[bayourod]

All stock market analysts should be required to put their stocks into a blind trust with instructions to the trustee to base his trading decisions solely on public recommendations made by the analyst.

[Timesink]

Schadenfreude

This is the New York Times CBS MarketWatch Schadenfreude Ping List. Freepmail me to be added or dropped.

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This is the Mainstream Media Shenanigans ping list. Please freepmail me to be added or dropped.
Please note this is a medium- to high-volume list.
Please feel free to ping me if you come across a thread you would think worthy of this ping list. I can't catch them all!

[Timesink]

Two weeks ago, CNBC tightened its trading policy for journalists, effectively barring any of its reporters from owning shares of stock.

This sort of thing can cause more harm than good. Sure, this new rule will ensure that there is no possibility that a rogue reporter, anchor or producer can ever falsely hype an unworthy security for personal gain. But at the same time, it absolutely guarantees that the very people most knowledgeable about the stock market and other securities industries will never even consider going to work for CNBC. Once the current CNBC staffers start moving on, retiring, etc, this new rule assures that their replacements will be of far lesser quality, and that will be obvious in the resulting on-air product.

Can you imagine if, say, NBC were to order that "no staffer that has ever worked in any scientific field can report on NASA, or medical issues, or technology..."? They'd be seen as absolutely insane. But that's exactly what CNBC is doing here.

Their old rules were just fine: Staffers should clearly indicate to management what they're investing in (even better, they should have made it available on the web), and should be required to wait certain lengths of time to sell so they can't take advantage of their positions as market movers. End of problem.