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Wake up running CNBC

"Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must outrun the slowest gazelle or it will starve to death. It doesn't matter whether you are a lion or a gazelle: when the sun comes up, you'd better be running."

No this isn't going to be a lame inspirational post. I just watched a CNBC clip that pissed me off. It was a 2-minute blurb on Stocktwits. As per CNBC standards, it was crappy. If you haven't heard of Stocktwits, it's a simple idea. Prefix stocks you tweet about with a dollar sign ($). At the Stocktwits site, those dollar signs are aggregated and you can see what people are saying about a stock or track trades in real time.

They pushed my button with a minute left: "Experts warn, none of these sites can replace professional advice."

Really? No seriously, WTF CNBC? The same experts that built and sold a ticking time bomb? Maybe they're the experts that safely navigated your 401k through the minefield otherwise known as "the last 6 months". Or the experts running hedge funds? What about the banks, they're experts right? Are they the experts you have on that cheer the bullish days and call bottoms on the down days?

Well that's cute, but listen to the experts.

The Internet has been rocking worlds for 10 plus years. Are there still people smirking at tiny ideas gaining momentum? Do they think they're immune? CNBC should be scared shitless that an information junkie like me has learned more in the last 5 months on Stocktwits than years of backgrounding their shows. The financial experts should be worried about the sharp, creative people I see tweeting and posting their way to profits . The WSJ should wonder why I'll skip a day or two of skimming their paper, but I don't leave the house before I read tweets and feeds.

It's 2009, we're not in Africa, there aren't any gazelles or lions. You better wake up running, because the Internet is going to punch your mustache off.

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Comments (1)

Apr 09, 2009
Hans Gerwitz said...
They're going to try and defend their current business models against market shifts. God knows what history left them with the impression that's a winning strategy.

If any of the talking head networks were clueful, they'd publicly support their own version of wrongtomorrow.com and display at least some concern for credibility.

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