Quote:
Originally Posted by flameswin
Well that's the issue, people do take advice from his show.
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If someone takes others advice without doing their own homework or consulting their own financial advisor, then it's their own fault. I don't feel any sympathy for them. Before I jump off the cliff, I always check the depth of the water below.
I was surprised how Cramer caved in so easily and disappointed that he didn't fight back. Stewart is using Cramer as a scapegoat for others stupidity and greed. Cramer didn't help himself by getting walked over when he has valid reasons and responses to stress his points.
If anyone watches Cramer's show, Mad Money means discretionary money not your 401K/RRSP. Cramer is very clear in his show that for retirement funds it's best to be conservative, think long term and that most of his strategies aren't relevant for those accounts. Mad Money are funds available after funding your retirement account, paying bills/mortgage etc.
After watching last nights show, I have lost respect for both of them.