Fast And Furious -- Fifteen Minutes -- The Market And The Economy -- Wall Street Vs Main Street -- August 21, 2020

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I am watching much more CNBC now that the granddaughters have gone back to school (remotely). I am still very "careful" about what I watch over at CNBC. I generally keep the television on in the background, on mute, switch between CNBC, the PGA, and TCM. 

We all have worldviews; we all have our own myths; we all have our own filters; we all have our "constant themes."

A constant over-riding theme of CNBC seems to be one of doom and gloom. There are three sub-themes of note:

• the American economy is never doing well (except under the previous president)
  
• the producers seem to do what they can to talk the market down (that might change if there's a change in Washington, DC)
• the producers tend to have their newsreaders ask stupid questions, talking about valuation, but "never" providing such basic data as P/E

I have two pet peeves about CNBC and AAPL:

• as noted, they continue to talk it down; explore the risks but not the potential; they talk about the price of AAPL but never the P/E in relationship to other high-flyers, like AMZN, TSLA, NFLX, FB, etc
• they never talk about the potential of Apple, for example what the iPhone is likely to entail

It must be remembered that CNBC employees are all tied up in the GE, Microsoft, NBC world; that's a huge filter though which to view Apple.

A third pet peeve, but unlike the other two, this pet peeve will be temporary, a dead story, ending sometime in September, 2020. My third pet peeve: CNBC talking heads arguing about "splits." Anyone who says splits don't matter obviously see things way differently than I do. Quick! Raise your hand if you agree that you would like to see one of the companies in which you are invested (stocks) announce a "reverse stock split"?

I thought so.