I'm a big CNBC fan. I've been interviewed countless times since the network was formed, know many of the reporters and producers well, and most important, watch it religiously all day long when the markets are open.

But I've never understood why CNBC and virtually everyone else in the financial media continues to think it's important when the Dow Jones Industrials average exceeds its previous record high by a few points or why GOP-leaning analysts say that it's significant.