As the stock market goes vertical before it doesn't it just might be close.
It's game over: whether due to the complete domination of centrally-planned
markets by a few central banks, whether as a result of HFTs forcing out all
human traders and investors, whether due to volatility plunging to record lows
and complacency at record highs, whether viewers simply aren't impressed by the
new young, female faces that are increasingly taking over the primetime
financial TV slots, because people are tired of Cramer's endless "caffeine" high
and endless attempts to justify a record disconnect between manipulated record
high "markets" and a stagnant economy in which some
53 million workers are "freelancers", or simply because video game consoles
don't watch TV, America's interest with finance and the stock market is over.
Some observations: for the core 25-54 demo, CNBC's Business Day segment is
down every month this year compared to last year, with August's
28,000 literally a step in the abyss compared to last year, as
viewership plummeted by a near record 30% (with ad revenue following close
behind). In fact, the last time CNBC was up in Business Day year to year was
over two years ago, in July 2012.
And the punchline: this was the lowest rated month in the core
demographic since February 1993! In fact, in CNBC's entire
Nielsen-rated history, there is only one month in history when demo viewership
was lower, back in November 1992, when demo viewership was just 1000 less at
27,000.
At this rate, in the next month or two, CNBC should make history when Nielsen
reports that its viewers have dropped to a never before seen low, paradoxically
enough, as the increasingly unwatched financial channel cheers on the very same
market-rigging policies that are forcing retail investors to give up on anything
finance-related, and crushing the station into ad-revenue and eyeball oblivion.
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