Cramer on the Daily Show

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Mar 13, 2009 2:17 pm

http://gawker.com/5169222/stewart-cant-land-knockout-punch-on-meek-cramer

Some more Daily Show propaganda for anyone who missed Cramer on the show the other night. 

Mar 14, 2009 1:26 pm

I guess I missed this feud until yesterday. I just got done watching the whole interview. I think Jon Stewart is great. I completely agree with their stance on CNBC being too afraid to ask tough questions of CEO's when they are on the network. However Stewart should also realize that is the same reason they can't get Bush Cheyney to come on the show. CNBC doesn't have a Democratic side to fill the airwaves, absolutely no CEO that has any type of bad news or suspicious skeletons in the closet out there would come on and get grilled.

 
Honestly I don't think any of them are experts and that is why none of them did see this mess coming. They are television personalities. Most of us know more than any of them.
 
Cramer should have never went on the show. Has he not seen how the Daily Show destroys credibility by simply showing old footage from people? He deserved it though. He flip flops too much and he is too eratic as Stewart put it. I wonder how many people actually listen to Cramer in the Real World. I guess that who Stewart is talking about, because any of us on here never gave Cramer a second thought.
 
Anybody get the impression Stewart has lost a ton of money. He seemed to have more of an angry grudge w/ CNBC than anybody in politics. Isn't he Jewish? Possibly a Madoff client?
 
Mar 14, 2009 4:08 pm

to suggest tha the talking heads of CNBC had any clue that what happened was going to happen is laughable.

Mar 14, 2009 8:57 pm

Something else is at work here (which we don't know just yet). Afterall, we are talking about one of the most successful hedge fund managers, Harvard Law graduate and ex-Goldman institutional trader.

As far as I'm concerned, no other Wall Street commentator (Rukeyser, Dorfman, Dobbs, Abelson) has done more than Cramer to level the playing field. This is what Cramer should have explained during his appearance, but didn't [still confused].

CNBC makes money for GE. They fill 17 hours of live TV and are the preferred venue for many portfolio managers, policy makers, professors and thinkers in general. If CNBC assumes the role of regulator (as Stewart suggests) then many of these guests would simply stop appearing...which won't do anyone any good. 

Mar 15, 2009 3:16 pm
skeedaddy2:

Something else is at work here (which we don't know just yet). Afterall, we are talking about one of the most successful hedge fund managers, Harvard Law graduate and ex-Goldman institutional trader.

As far as I'm concerned, no other Wall Street commentator (Rukeyser, Dorfman, Dobbs, Abelson) has done more than Cramer to level the playing field. This is what Cramer should have explained during his appearance, but didn't [still confused].

CNBC makes money for GE. They fill 17 hours of live TV and are the preferred venue for many portfolio managers, policy makers, professors and thinkers in general. If CNBC assumes the role of regulator (as Stewart suggests) then many of these guests would simply stop appearing...which won't do anyone any good. 

 
In part I agree I agree with you, Stewart's a fool to think CNBC's role is to always be investigative journalists and a bigger fool to consider Cramer a "journalist".  Stewart's ALSO a fool to pump the bogus theory that "everyone knew" the bank bust was coming. That's just goofy conspiracy/ 20-20 hindsight talking.
 
OTOH, I disagree with you about Cramer. I think he's a dufis and  a clown, far to emotional and silly to be taken seriously. I think he's done far more harm to individual investors. many of which can't grasp the underpinnings of his momentum investing style and put too much faith in his 1 over a million financial advice.
Mar 15, 2009 5:37 pm

Yes he is emotional and yes he does tend to go overboard but let's give credit where credit is due....

Aug. 3th 2007: the famous "They [the FED] Know Nothing" rant...the Dow was at 11500.

Sept. 28, 2007: "Don't you dare buy real estate now", on the Today Show. You know how the story goes.

Oct. 6th 2008, "Take Your Money Out Now"...the Dow was at 9950. 

If that is clownish, then "Send in the Clowns"


Mar 15, 2009 6:00 pm

Cramer is awesome.  He is an entertainer.  He gets paid well to do his job.  Whether he is correct or not is inconsequential to him doing his job.