A.I.M. Users Bulletin Board

[lrp42]

Tom, you are right about them filling the airtime.

I don't watch CNBC because I got the impression that they are always trying to be hip and "in the know" with some of the terms they throw around.....like they knew something the audience does not know.

By the way, the person who asked me if I knew how they were using the "Fair Value" term is anything but a trader. He is a buy-and-hold investor. He is my son and he is the principal financial officer and chief accounting officer for his company. He is a CPA. Therefore, he uses the term "Fair Value" a lot in his profession as he does the financial reports for his company. He says the company auditors are always challenging the "fair value" of the assets on his company's financial reports.

Since the way that the "fair value" term being used in conjunction with the S&P futures contracts was totally foreign to the way he uses it in his profession he was curious how it was being used on TV. Just thought I would ask this audience.

Regards,

Ray