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We love face-offs at CNBC. And it looks like we have one today…over bonds.
Two major brokerages are taking opposite sides over whether or not a long awaited sell off in the bond market is here.
"The bond sell-off: It's for real," Goldman Sach's fixed income analysts said in a research note released on Friday, pointing to a recent uptick in Treasury yields.
As people drift into the CNBC lobby in the morning, they grab bundles of newspapers from the front desk. It's a routine.
Almost universally Wednesday morning when people saw the front page of USA Today, with its banner headline "Bull run gets solid footing," heads shook and there were mutters of "it's a top."
That's an outgrowth of the contrary indicator thinking that once mainstream media picks up on a market trend, be it bull, bear, pig or whatever, the trend is over.
Most point to a 1979 Businessweek article titled "The Death of Equities" as the origin. That article, of course, came before a two-decade bull market in stocks.
In USA Today's defense, the article was well-sourced and pointed out the latest economic fundamentals. (Hey, USA Today is a content partner of ours ... of course they're good!)
Ever heard of the "unpublish"? It's a phenomenon peculiar to Internet journalism. It's basically taking down a story or video you've posted on your website. And we in the business are getting hit with requests to do it more and more.
In fact, we've gotten three unpublish requests within the last two months. They were all turned down. We're particularly sensitive to the sanctity of our public record, since so many business decisions are based on it.
The trials and triumphs of corporate chieftains are daily blood sport here at CNBC. These days, CEOs seem to be on a winning streak.
Jamie Dimon, CEO and chairman of JPMorgan Chase, this week successfully fended off a shareholder attempt to change that title by splitting his roles.
My colleague Jim Cramer, host of Mad Money and stock commentator extraordinaire, gave a rocking speech to the Society of American Business Editors and Writers.
The speech praised a little and prodded a little. And it was well-received, despite the fact that Cramer isn't always the fave among more old-school business journalist types. I blame the soundboard.
So I thought I'd post it for general consumption as a tip of the hat to Mr. Cramer (and yes, to hype Sabew a bit, since I'm on the board). Now, he did ad lib a bit, so the draft below lacks the total feel. But you'll get the gist..........
It's a war every April Fools' Day.
From bacon mouth wash to glass bottom jets to Google shutting down YouTube, the forces of merriment try to trick the media into swallowing all sorts of bogus tales. That's what makes the holiday irksome for news management colonels like me. We have to remind our staffs to be particularly vigilant, or risk having to hang a very public "loser" sign around our necks.
UPDATE: The comments are fixed! Everyone enjoy, especially you, Mr. Clumpus. We appreciate your patience and sorry for the inconvenience.
We've gotten a fair amount of email lately asking us what the heck we did with the comments section on our stories.
We've made some major changes here at CNBC.com over the weekend. And if it went as well as we think it did, you'll barely notice anything.
CNBC has a new fan...possibly our youngest...thanks to our fiscal cliff coverage.
Managing Editor of CNBC.com