Why Is She Smiling?
CNBC’s Hollerin’ Yearbook format on “Power Lunch” (Jon Stewart called it “The Octobox” for its octet of framed faces) raises questions about why financial news is presenting intelligent journalists as vying for “Most Clever Gotcha” and “Most Likely to Shriek.”
But the question posed most consistently is this: Why is Michelle Caruso-Cabrera smiling? She is like the Mona Lisa of the markets, patiently awaiting her say in her yearbook frame with a half-smile on her lips.
I’ve considered plenty of answers, but maybe it’s just this: since the journalists and producers steer clear of investing in ways that could be perceived as creating a conflict of interest (though it seems to give them a conflict of disinterest—they don’t find market data interesting in its details because they don’t play the market), Ms. Caruso-Cabrera has reason to smile, and is candid enough to do so. She hasn’t been playing the market!
Yours in tape-watching,
Sam Bronoff
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