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Fox Business: Weekends Worth A Look

July 27, 2008 10:14 PM

thumbsup.jpgNot long ago I gave a very harsh opinion of the new Fox Business channel. While my view of that has not changed for their “market hours” cast, their weekend shows are very good. I have been watching Elizabeth Macdonald this evening and she rocks. She was firing up Congressmen in a big way about the Housing Bill. I LOVE anyone that tells it like it is. I do completely agree with her that the Housing Bill will be a massive taxpayer bailout beyond any figure discussed by a large magnitude, but that’s a different topic.  

Dave Ramsey is also on there. He seems like a very compassionate guy, but I need to hear more of him to have an opinion. He is a male Suzie Orman, apparently. He does say what he thinks - so I like him also, regardless of whether I agree or not. His advice today to a homeowner in Phoenix to not short sale his home, that values were likely to come back in two years I found shockingly inaccurate - so my thoughts of him as a bright guy trying to help people was kind of popped with that comment. A simple history lesson of housing bubbles, not to mention statistical fact regarding median incomes, strongly suggest that the peak will not be reached again for at LEAST 7 years, probably far longer. Regardless, he is worth listening to. I respect anyone that attempts to help the “Average Joe”, probably because I grew up in a blue collar family, and know the average family needs real advice. Probably the main reason I started this site - to see if I could provide a different opinion than all the Talking Heads on TV.

The problem with Fox Business is their weekday cast and the entire way they attempt to provide market insight while the markets are open. David Asman just has to go. He seems like a nice guy, but it is clearly not a fit for a business channel, in my estimation. Neil Cacuto is marginal, at best. And they clearly need a new “take” on how to do the show during market hours.

If I were “running the show” they would 100% completely change direction. What they should do is spend time for “in depth” looks at individual stocks, like balance sheets, revenues, etc. and have unbiased experts (not Wall St. analysts), go over the stocks. Or something of that nature, to differentiate themselves from CNBC. They are attempting to appeal to the ”average investor” and therefore have their laid back approach. I believe this is a mistake. The average investor wants REAL advice, not dumbing down to their supposed level. They are tired of getting slammed by Wall St. and do not know who to believe. That is how the network should be run, IMO.

But I do like their lineup of shows on the weekend.

Written by Tom@StockBlade.com · Filed Under General Investing/Trading Commentary 

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