This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Maria's Departure and the Future of Stock Market Television

NEW YORK (TheStreet) -- The biggest market event on Monday came after the close when news broke that Maria Bartiromo is leaving CNBC after 20 years at the network to jump over to the Fox Business news channel starting as soon as Monday.

Her departure has raised many questions about viewership numbers, the importance of market-related content and the manner in which investors use that market-related content.

The role of stock market television for investors is complicated because there are some positive aspects but plenty of negatives.

A major negative: Most of what we hear is noise that can potentially distract investors from their true objectives. TV segments where experts guess what the stock market is going to do in the next week, month or year are completely irrelevant to whether someone will have enough money to live the type of retirement they desire.

How do we know that monthly and quarterly moves are irrelevant? Without looking, how did the S&P 500 do in the third quarter of 2011 and how did your portfolio do in that same quarter? You don't remember because it doesn't matter. Do you even remember all the concern about the sequester from the start of 2013?

The threats confronting the market now will also soon be forgotten unless 2014 turns out to be some sort of repeat of 2001 or 2008. Despite the true irrelevance of short-term news, TV anchors, including Maria Bartiromo, continue to focus on the very short term and whether viewers should take some sort of action before the next earnings report or economic data point or some other event that creates a false sense of urgency.

However, she also has a hugely positive influence on investors. In addition to my work in the investment industry I am very actively involved with our local volunteer fire department as the fire chief. This involves a lot of interaction with the various professional departments in the area. While there is rarely talk of my day job as an investment manager, my fire service colleagues know what I do and a surprisingly high number of them know who Maria Bartiromo is.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $128.45 -1.50%
FB $78.94 -1.80%
GOOG $558.64 0.57%
TSLA $203.45 -1.80%
YHOO $44.28 -0.38%

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs