I give Cramer marks for at least going on the show. He knew he would walk into gun fight holding a plastic picnic knife but still went on. (No doubt under pressure from CNBC which has looked retarded trying to get the NBC family to rally around the network)
I don't fault Cramer for making a living on his noisy/wacky advice show, what blew me away was the video The Daily Show dug up of Cramer giving the advice on how to move a stock purely for a quick short term score. Of course, faced with this damning evidence, Cramer went into a pretty weak spin mode.
Stewart was dead on. These financial networks and supposed experts told everyone to dump everything into 401k's, meanwhile ignoring this "shadow" market that really exists. CNBC either is in bed with these crooks, or amazingly stupid. It's easy to say amazingly stupid, but there's documented proof of CNBC being complicit with most recently the manipulation of Apple Stock by supressing information about the health of Steve Jobs.
Cramer however is merely the whipping boy for an industry where scores of people make 10x what A-Rod does, yet are held to no standards, no accountability, and make off like bandits with taxpayer bailout money. At least Yankee fans can choose not to renew their season tickets. Countless executives who were with a new bank for 4-5 months and walked away with $30,000,000 in parting gifts is just the tip of the iceberg.
Unfortunately because Stewart is considered a liberal, there will be those who can't see past their "Red State / Blue State" clouded view to see that while he's a comedian first, he's very well informed and has spent time exposing people on both sides of the political aisle on many issues. Stewart is a well informed student of this financial situation, and is using the chance to try and put a face to this seemingly faceless heist.
Kingbill posted a great link in the poli forum that animates how this whole credit crisis was created, and the Stewart interview at least held someones feet to the fire.
In the end, Cramer was exposed as someone who used to scoff at any SEC oversight, and now is nothing better than a cartoon tout like Smooth Jimmy Apollo off the best Simpsons espisode bar none (Lisa the Greek)
"When you're right 52% of the time, you're wrong 48%"
If you haven't seen the movie Enron: The Smartest Guys in the Room - watch it. You'll gain a whole new perspective on how the average person is viewed by not only big business, but by the traders and others who aren't happy just making a solid profit through sound fundamentals.
One last thing, this whole feud with Stewart and CNBC began when the web became abuzz with a CNBC commentator (and former trader) who was basically silent during the trillion dollar wallstreet bailout, but went off on a rant when referring to those struggling with mortgage payments as "losers".
I don't fault Cramer for making a living on his noisy/wacky advice show, what blew me away was the video The Daily Show dug up of Cramer giving the advice on how to move a stock purely for a quick short term score. Of course, faced with this damning evidence, Cramer went into a pretty weak spin mode.
Stewart was dead on. These financial networks and supposed experts told everyone to dump everything into 401k's, meanwhile ignoring this "shadow" market that really exists. CNBC either is in bed with these crooks, or amazingly stupid. It's easy to say amazingly stupid, but there's documented proof of CNBC being complicit with most recently the manipulation of Apple Stock by supressing information about the health of Steve Jobs.
Cramer however is merely the whipping boy for an industry where scores of people make 10x what A-Rod does, yet are held to no standards, no accountability, and make off like bandits with taxpayer bailout money. At least Yankee fans can choose not to renew their season tickets. Countless executives who were with a new bank for 4-5 months and walked away with $30,000,000 in parting gifts is just the tip of the iceberg.
Unfortunately because Stewart is considered a liberal, there will be those who can't see past their "Red State / Blue State" clouded view to see that while he's a comedian first, he's very well informed and has spent time exposing people on both sides of the political aisle on many issues. Stewart is a well informed student of this financial situation, and is using the chance to try and put a face to this seemingly faceless heist.
Kingbill posted a great link in the poli forum that animates how this whole credit crisis was created, and the Stewart interview at least held someones feet to the fire.
In the end, Cramer was exposed as someone who used to scoff at any SEC oversight, and now is nothing better than a cartoon tout like Smooth Jimmy Apollo off the best Simpsons espisode bar none (Lisa the Greek)
"When you're right 52% of the time, you're wrong 48%"
If you haven't seen the movie Enron: The Smartest Guys in the Room - watch it. You'll gain a whole new perspective on how the average person is viewed by not only big business, but by the traders and others who aren't happy just making a solid profit through sound fundamentals.
One last thing, this whole feud with Stewart and CNBC began when the web became abuzz with a CNBC commentator (and former trader) who was basically silent during the trillion dollar wallstreet bailout, but went off on a rant when referring to those struggling with mortgage payments as "losers".
I've been to a few stock investment siminars. And none of them have had anything good to say about CNBC. Most experts say the same thing. CNBC is simply too slow. They are a dollar short and a day late with their picks and forecasts. The smart investors are either already in or out of a stock by the time news reaches the airwaves on CNBC. Or else CNBC is slow on the trigger for a reason. At any rate, they all say pretty much the same thing, if your going to watch CNBC mute the sound and just watch the ticker.
As for Cramer. Well, he's just Cramer. With all of his bells and whistles it's all an act. It's not that he's not smart about the goings on of the market. But you can't possibly have the time to keep up with the market with 100 percent dedication and put on a show like he does on CNBC. He's going to get many things right when the stock market is doing well. But he's going to struggle trying to predict the future of any stock in this volatile of a market. My bet is he won't be doing as many recomendations in the near future unless it's on the very safe side. I'm not sure what's safe out there right now.
Jim Cramer and Jon Stewart went toe-to-toe last night. It was just like Ali-Foreman, only with more head trauma. But you didn't see everything. Much of the interview had to be cut for time. But this is the internet, where all we have is time. So, here now, is the exclusive, uncensored, complete three-part interview.
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Go to the link it is in three parts....
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http://blog.indecisionforever.com/2...jim-cramer-the-extended-daily-show-interview/
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Go to the link it is in three parts....
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http://blog.indecisionforever.com/2...jim-cramer-the-extended-daily-show-interview/
TRUST NO ONE!
THere are your words to live by.
THe financial market is the same as the sports betting market gentleman and unless you have the inside information on it, you are not going to become rich and in most instances will be throwing your money away. CNBC is a day late and a follar short, just like the touts/steam chasers in this market. You need to know what is going to happen before it happens and that is hard to do.
Greed and politics rule. Always has. I often ask myself how much is too much money for these CEO's/billionaires? Whether they make $2 million a year or $5billion a year they want more and more and more. At some point in their lives the money becomes like monopoly money and they get so consumed with acquiring assets and getting more and more and more that they want to own the world simply for the power. Very sad.
The financial market is controlled by the elite few who decide what is going on IMO. At least with the sports betting market, we have a chance. LOL.
THere are your words to live by.
THe financial market is the same as the sports betting market gentleman and unless you have the inside information on it, you are not going to become rich and in most instances will be throwing your money away. CNBC is a day late and a follar short, just like the touts/steam chasers in this market. You need to know what is going to happen before it happens and that is hard to do.
Greed and politics rule. Always has. I often ask myself how much is too much money for these CEO's/billionaires? Whether they make $2 million a year or $5billion a year they want more and more and more. At some point in their lives the money becomes like monopoly money and they get so consumed with acquiring assets and getting more and more and more that they want to own the world simply for the power. Very sad.
The financial market is controlled by the elite few who decide what is going on IMO. At least with the sports betting market, we have a chance. LOL.
Stewart is a big time Lib. He only went after Cramer because he criticized Obama....PERIOD! Why hasn't Stewart gone after Barnie *** or Chris Dodd?
I was a little surprised that Cramer was so docile on the Stewart show...I say he got the word to tone it down about being so critical of Obama...or else lose his Mad Money show.
I was a little surprised that Cramer was so docile on the Stewart show...I say he got the word to tone it down about being so critical of Obama...or else lose his Mad Money show.
They're both big time libs, and supporters of Obama. The difference is Cramer sees the effect of what's going on and is speaking up. Cramer might have missed the banking mess coming at us, but he sure as hell sees the problem now, and knows little is being done to fix it. That makes him and enemy, and butt boys like Stewart are more than willing to take up the fight for Obama.
What galls me most about the Stewart/Cramer thing is the idea that Cramer has to answer to him in the first place. These guys work the same side of the street, namely entertainment. Cramer gives his analysis and tries to do it in a way that'll attract an audience. I couldn't tell you if he's any good or not, but I suspect like everyone in the business he has his winners and his losers. But he takes a stand and makes his case. He sure as hell doesn't say he's anything other than a legitimate player in the equities market.
Stewart is nothing but schtick, and a cowardly version of it. He wants to present The Daily Show as some new age, hip sort of news show, that throws some yucks in for good measure. That's all well and fine, but if you're going to have serious politicians on the show you're going to have to answer serious questions yourself. He has a tendency of rolling over for guests he likes and savaging those he doesn't. Again, that's all well and fine, but when you get called on your objectivity don't offer as a defense that you're nothing but a comedy show. It's a wimpy cop out by the guy that he's done for years.
What galls me most about the Stewart/Cramer thing is the idea that Cramer has to answer to him in the first place. These guys work the same side of the street, namely entertainment. Cramer gives his analysis and tries to do it in a way that'll attract an audience. I couldn't tell you if he's any good or not, but I suspect like everyone in the business he has his winners and his losers. But he takes a stand and makes his case. He sure as hell doesn't say he's anything other than a legitimate player in the equities market.
Stewart is nothing but schtick, and a cowardly version of it. He wants to present The Daily Show as some new age, hip sort of news show, that throws some yucks in for good measure. That's all well and fine, but if you're going to have serious politicians on the show you're going to have to answer serious questions yourself. He has a tendency of rolling over for guests he likes and savaging those he doesn't. Again, that's all well and fine, but when you get called on your objectivity don't offer as a defense that you're nothing but a comedy show. It's a wimpy cop out by the guy that he's done for years.
The video is on Jon Stewarts home page
http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220533
http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220533
