SubscribeDennis Kneale: Anger Management Could Help
February 15, 2008 7:54 pm
Things have finally gotten out of control. That statement is based on observing the recent antics of Dennis Kneale, one of the biggest creeps in the financial media today. To be honest, I have usually enjoyed his hard-hitting approach, but he needs a leash put on him. There is no reason to attack and try to discredit everyone he disagrees with…is there?
As a Media and Technology editor for CNBC, he was recently part of a biotech discussion with Derek De Koff, a gent who reportedly had significant side effects from Chantix, the “stop-smoking” drug from Pfizer. That, in itself, makes no sense.
What was weird about this interview were the questions he asked in an apparent effort to make Mr. De Koff look like an imbecile. It was as unprofessional as I have ever seen.
In a recent New York Magazine article, Mr. De Koff reported his experience while taking the prescription drug, Chantix. Realize that is was not written for the Wall Street Journal nor the New England Journal of Medicine. What is the difference? It is simple; questions asked such as the suicide statistics per thousand related to prescription drugs, among others, by Mr. Kneale to Mr. De Koff were clear attacks. By the way….Do you own any Pfizer stock Mr. Kneale?
The “This Is My Brain on Chantix” article explores one man’s experience with this new drug. He vividly points out the effects and doesn’t seem to be looking for any financial reward. So, why did Mr. Kneale need to ask if the name De Koff is a pen name as it sounds like…cough-cough. What was that all about?
Then, shortly after that mess, Mr. Kneale was in a nice battle with Herb Greenberg and Charlie Gasparino, trying to force them to confess that short-sellers feed rumors to the press in an effort to profit. Then he began accusing/blasting Gasparino as one of the reporters that does not prevent rumors from being published as well as he should. Mr. Kneale clearly believes that short-sellers operate in a sleazy way. Surely some do, as is also the case with the long side of the equation.
“More than ever before, today we report rumors,” said Kneale. The he went further and presented his “dirty little secret of journalism” thesis stating that reporters need to believe 98% of what people tell them since they require information to go on-the-air. He went on a pathetic rant and proposed that the problem with reporters is they always debunk positive reports, so not look stupid, yet want to believe the negative. It is clear that Mr. Kneale may want to believe the positive and has been very wrong on the current markets as he has been playing the part of Dow and S&P 500 fanboy of late. Mr. Kneale: Please do not overlay your apparent anger and disdain for your own errors on others that are looking to report the news without the personal attacks. (see video)
One more thing: Mr. Kneale, are you aware that your name is an anagram for – SANK IN NEEDLE ? Are you so angry about this drug because of some former personal matter? Is there more to this story? Obviously, my last comments are just as stupid as your line of questioning was to Mr. De Koff, said to make this point: Mr. Kneale, get a grip and go back to financial journalism instead of sensationalism!
Disclosure: Horowitz & Company clients do not hold positions in stocks mentioned as of the publication date of this article. (PFE)
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16 Responses to “Dennis Kneale: Anger Management Could Help”
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He’s been saying the “credit crunch” is going to be no big deal since last August. What a relief. Dennis is a cheerleader along the lines of a Larry Kudlow.
Dennis Kneale needs to GO AWAY FOREVER….whenever this douchbag pops up on CNBC I have to switch to bloomberg until he’s gone. How to people like him justify their use of planetary resources, such as water and oxygen?
Dennis Kneale has been saying to buy the this stock market 3000 points ago.
He is a reporter, not a stock market analyst or economist.
He keeps predicating this stock market and eventually he will be right, even a blind squirrel finds a nut once in a while.
Bpb
Dennis Kneale needs a leash and a collar and be fed Chinese cat food laced with melamine. That should slake his appetite for Anti American worker sentiments. Today, on CNBC, I heard him say 590,000 workers jobs lost in the auto industry are nothing compared to the 18 million in the Tech Industry! Am I hearing this right? Is he now pitting American worker against American worker? What a guy! He then goes on to say he can take the heat! What heat? Is he in Iraq, or what? Please, this experiment in unbridled Capitalism needs to join the unemployment line.
HE IS A BOFFOON IN MY OPINION.
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I agree Dennis Kneale is an idiot. He like Larry Kudlowe rant on about capitalism even in the face of it's failure. Kneale in particular is so concerned that buying american will be more expensive than buying from world markets. His only concern is for cheaper prices. He doesn't for a second consider how it is that 3rd world producers are cheaper than US, abused labor pools forced into cities by US backed despotic governments. Not only that, isn't it about time to realize that paying more is OK becasue people already buy too much shit as it is. I know women who have closets full of clothes with the tags still on that they bought because it was so cheap. All we are doing is hording the world's resources and letting them sit stagnant when if we paid more, these 3rd word economies would get themselves off their feet because their workers would actually be paid enough to afford healthcare, clean water, and eventually become consumers themselves. As it is America consumes for the rest of the world. Hey buddy you're poor? That's OK, I can consume enough for both of us! Of course, i weigh 500 lbs and have to consume even more resources to then lose weight and get extra health care that a normal person wouldn't have to. That's America's gift to the world. I'm sure the rest of the world thanks us!
I just saw him talking about credit cards and the interest rates banks are charging. He clearly has no grasp of the situation. No one is really complaining about the rates banks may charge, they are complaining about the agreements for a low interest rates and the fact the credit cards are jacking up rates on existing balances and using universal defaults. The credit card issurers are all in bed with each other. They lower your available limit, your credit utilization score goes down, and your FICO goes down, then they justify raising your rate. Kneale, you need to understand the facts before you use your bully pulpit to defend something you don't understand.
Dennis is at it again and super IRRITATING. CNBC needs to get this guy under control or take him off the air.
Those of us here are not alone. Punch this into your browser (non-google browser.)
http://www.google.com/search?q=dennis+kneale+idio…
Interesting that Dylan Ratigan was allowed (forced?) to leave, a guy who clearly gets it and has taken up the mantle of laying blame where it belongs (and insisting perp-walks are required to restore faith) yet CNBC retains Kneale, an ostrich and cheerleader for most of what is wrong with America.
Fast Money is the only thing worth watching on CNBC, and I often disagree with them. Give me Finerman or Macke any day (especially Macke.)
I read Beaker's bio on CNBC.com. He has a BS in Journalism from the University of Florida. I doubt he's ever had a finance class in his life. Why are we wasting pixels on him?
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I agree with Dennis Kneale, that anger management could help, but it is very hard to master it especially when you are trading.
Maybe you could make changes to the blog subject Dennis Kneale: Anger Management Could Help : The Disciplined Investor to something more specific for your blog post you write. I loved the blog post however.
Finally, a person that has knowledge of exactly what they’re talking about. There’s simply too much fluff regarding this point being shared on blogs at this point.