NEW YORK (TheStreet) -- Some readers carry around a misnomer that people like me have a responsibility to be "objective."
I have been hearing that since I first got paid to do talk radio back in 1988.
Breaking News: I'm not objective. Neither are you. For the most part, objectivity remains a myth. Claiming objectivity is akin to passing off the lie that you've never had an impure thought.
Developing Story: I'm fair. I like to believe all humans strive to be fair to one another. In the financial media -- I know, this is a shock -- most people treat the individuals, companies and stocks they cover fairly.It's easy to claim that a person is not "objective" or "fair" or is writing "negatively" to knock a stock down or "positively" to pump one up when you lack the first clue about the person. I interact with a fair number of folks who cover the market daily -- writers from TheStreet and elsewhere. I know several well, some personally. Double fist tap to the chest, man -- I've never worked or collaborated with a nicer crew. It shocks me that people covering Wall Street could be so cool. I go a little inside baseball because I understand a considerable chunk of TheStreet's audience might consume a headline that includes I Hate Microsoft and fire off an email to Jim Cramer demanding my termination on grounds that I'm not objective. I don't like to use the word hate. When I do I prefer to direct it at a thing or concept. In that respect, I have come to hate Microsoft (MSFT). Not the people at the company, but the idea of Microsoft, the entity. Think about how you "hate" a sports team. Sure, I think Ballmer is nuts, but keep it in context; I'm not saying he belongs in a mental institution. I don't wish anything bad on the guy. I spend my days and nights reading articles about companies and stock. Nothing I see surprises me. Very little offends me. I can tolerate quite a bit. But, man, I just can't get past the cats who rip an author in the comments section of an article or on Twitter for "hating" or not being "objective" on a company or stock, particularly when it's a dog such as Microsoft.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV