Maria Bartiromo claims she wasn't fired from Fox News. Fox News has not confirmed this. You know what that means. Nobody knows what the f*ck is happening.
She's been hosting shows about markets for decades. Decades. People who watch financial news every morning have underperformed index funds for decades. These facts are related.
Reports said she was terminated. She disputed them. Fox stayed quiet. This is the same network that once gave a platform to a guy predicting gold would hit $5,000 while selling gold coins during the commercial breaks. Credibility runs deep.
Bartiromo built a career telling viewers which stocks to panic about today. Those viewers then checked their portfolios seventeen times before lunch and sold at a loss. She kept her job. They kept losing money. This was called journalism.
The dispute centers on whether she was fired or not fired. Here's what matters: exactly zero trading decisions should change based on this information. Zero. If you're adjusting your portfolio because a cable news host may or may not work at a cable news network anymore, you deserve every red number in your Robinhood account.
Fox Business exists to make retired dentists feel smart about buying Nvidia at the top. Bartiromo excelled at this. Whether she continues excelling at this remains unclear.
She says the reports are wrong. The reports say she's out. Someone is lying or confused or both. Financial media covering financial media covering markets that don't care about financial media. It's beautiful. A perfect ouroboros of irrelevance eating itself on live television.
The real story is that her employment status became news at all, as if anyone's returns ever improved because they knew who was reading the teleprompter at 6 AM.
Photo by Rubaitul Azad on Unsplash
Leave a Comment