John Stewart destroys CNBC and Cramer.

[pepper24]

Originally Posted by flameswin

Well that's the issue, people do take advice from his show.

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.

[Azure]

Originally Posted by flameswin

Well that's the issue, people do take advice from his show.

The guy does things to get reactions and ratings, just like o'rielly and others.

Cramer now has his own television show on CNBC, Mad Money with Jim Cramer, which features his opinions on stocks queried by callers. Mad Money is also well known for over-the-top antics such as Cramer throwing his latest book whenever a caller mentions it, humorous sound effects, and for the catch-phrase "Booyah". Cramer frequently takes the show on the road to various U.S. colleges.

Go read his Wikipedia entry.

Not that I'm defending him at all.....because he is over the top with just about everything.

[Azure]

Also from Wikipedia.

Specifically on Jon Stewart, Cramer said, "Look, I expect Jon Stewart, a comedian, to give me a good skewering -- but Frank Rich? I was shocked that the rigorous Rich wouldn't investigate further and relied on the show's truncation of the truth. After all, how many times were the pull quotes from reviews by Rich used against him when he may have been panning a play in his former role as entertainment critic?"[47]
Referring to the March 8, 2009 charges leveled against Jim Cramer by The New York Times' Frank Rich, Cramer said, "I called out [Paulson[48] and Geithner[49]] for their mistakes, where was Frank Rich praising me on that? Where was that?"[50]
Wikinews has related news: Feud between CNBC and The Daily Show continues to escalate Later that day, also on March 9th, The Daily Show's Jon Stewart responded with an apology for taking Cramer's comments out of context.[51] "OK, I was wrong. So Jim Cramer, I apologize," Stewart said, then promptly showcased video of Cramer suggesting the safety of Bear Stearns stock during the Lighting Round on Mad Money, 5 days prior to the collapse of Bear Stearns. Jon Stewart then stated, "He's not saying literally 'I'm asking you to buy Bear Stearns,' for that you have to go back a full 7 weeks before the stock completely collapsed." Stewart then showed additional video footage of Cramer on January 24 2008 telling TheStreet.com TV viewers to specifically "buy Bear Stearns" stock 7 weeks before it collapsed. Stewart referenced that Cramer stated that he liked the stock at prices above $60; although, on February 5th, 2008, Jim Cramer changed Bear Stearns rating to a Sell on TheStreet.com.[52]
The following day on March 10, during a Tuesday appearance on the Today show, Cramer said of The Daily Show bit, "The absurdity astounds me. [Jon Stewart] is a comedian, and he's decided to focus on some calls I made during a bull market. The guy is a comedian. "[53]
On March 12, Cramer appeared on The Daily Show with Stewart. Stewart discussed how short selling was detrimental to the markets and investors. Cramer agreed with this and stated that he was opposed to such tactics. However, Stewart then played two video clips in which Cramer discussed the spreading of false rumors to drive down stock prices and encouraged short selling by hedge funds as a means to generate returns.[54] Stewart proceeded to get Cramer to admit that he can do better, and that he can change.

I can't watch the video clip. Is the above referring to the same thing?

[Coach]

you can see all the Daily Show stuff at thecomedynetwork.com

[Daradon]

^^^ thecomedynetwork.CA, unless you are in the states, then you want to go to comedycentral.com

Totally free, no streaming issues here. I watch all my comedy central shows there. Daily Show, Colbert Report, and South Park.

The new episodes will usually come on the site about 12 hours after they air (occasioanlly they'll be delayed for some reason)

They already have the Jon/Cramer interview up, pretty good, Jon asks tough questions.

[RougeUnderoos]

Originally Posted by Azure

The guy does things to get reactions and ratings, just like o'rielly and others.

This seems to be the catch-all excuse for every blustering idiot on TV, but it doesn't excuse anything.

Cramer is promoted (and promotes himself) as an expert. The entire network is built around "financial expertise". He's not supposed to be doing anything just to "get a reaction". People trust him because he's asked them to trust him. Whether they should trust him or not is open to interpretation, but they do, and he screwed 'em over.

In this trying economic climate, I think the time is right to shoot every "journalist" and "expert" that will say any stupid thing "just to get a reaction". They aren't doing their job.

This isn't harmless fun. "It's not a f***kin' game."

[Azure]

The guy has admitted past mistakes. He even agreed with Stewart that he had to be better with certain things.

Obama's people are supposed to be 'experts' too....doesn't mean they don't make mistakes.

Like I said, the guy has given advice for years now. And he has admitted mistakes lots of times.

[SportsJunky]

Press Secy. Robert Gibbs just said that he "enjoyed" the Cramer interview "very much". He appeared to be fighting back a large grin.

[pepper24]

Originally Posted by RougeUnderoos

This seems to be the catch-all excuse for every blustering idiot on TV, but it doesn't excuse anything.

Cramer is promoted (and promotes himself) as an expert. The entire network is built around "financial expertise". He's not supposed to be doing anything just to "get a reaction". People trust him because he's asked them to trust him. Whether they should trust him or not is open to interpretation, but they do, and he screwed 'em over.

In this trying economic climate, I think the time is right to shoot every "journalist" and "expert" that will say any stupid thing "just to get a reaction". They aren't doing their job.

This isn't harmless fun. "It's not a f***kin' game."

I disagree, CNBC and Cramer state many times during each broadcast to do your own homework and consult your a financial advisor before making any investment decision. You have to check the depth of the water before you jump in. Again, Mad Money is discretionary money after paying your bills, mortgage etc. not 401K/RRSP money.

Folks that buy investments because of this 'expert' or following the hottest stock tip overheard in an Orange Julius line without doing their own homework or consulting their financial advisor deserve the pain IMO. They shot themselves in the foot, not Jim Cramer.

The over the top antics, I am not a big fan of but Cramer has stated that if he was sitting at desk it's not his true self and he feels it would be boring for the viewers. That I can agree with but still thinks that he goes over the top too often.

[RougeUnderoos]

Originally Posted by pepper24

I disagree, CNBC and Cramer state many times during each broadcast to do your own homework and consult your a financial advisor before making any investment decision.

Originally Posted by madmoney

I'm an expert! I ran a hedge fund! I'm a millionaire! Buy Buy Buy Buy Buy This Stock Now! Ding Ding Ding Ding Ding! Whoop Whoop Whoop Whoop! But It! Buy It Buy It Now It's Only Going Up Up Up Up Up! Ding Ding Ding Ding! I went to Harvard! I'm rich! Buy Buy Buy Buy Buy!

*do your homework, don't listen to me

That about sums it up I'd say.

That being said, what Stewart really hammered him on was the clips of Cramer explaining how to manipulate the system with sneaky tricks.

[macker]

Originally Posted by llama64

That's the short term... but Cramer has been further discredited which will likely destroy the long term ratings for his show.

Unless he re-brands himself and takes Stewart's criticism in stride.

Of course, I am assuming the Cramer audience has a couple brain cells -- which judging from his show, they don't.

__________________________________________________ ______________

Let's wait and see.....Many people didn't even know who Jim Cramer was until this past week. Many people are wanting to take control of their own finances. Many people want to learn in this area and may consider picking up one of his books or watching his show. Many people want to be entertained. For financial information he isn't even the most credible Jim as I would listen to Jim O'Shaughnessy and Jim Rogers before Jim Cramer but he is much more accessible to the masses and thats what drives ratings. Listening to general info he doles out on his show like oscillator/Vix/broad economic trend type info is pretty harmless but I personally would never buy a stock that he is pumping. Take it for the financial entertainment that it is. I also don't agree with everything that Don Cherry has to say either. Keep talking about him and it may just in fact help his ratings....This blog offers some interesting takes on this topic :
http://weblogs.newsday.com/entertain...tewart_vs.html

[FlamesAddiction]

Originally Posted by flameswin

Well that's the issue, people do take advice from his show.

Hell, people take financial advice from people on Calgary Flames message boards (not a knock on the intelligence of people offering the advice, but I for one would never take to heart financial advice off an internet site that has nothing to do with finances).

Of course they're going to be duped by someone who is high profile and on television.

I'm probably a bit a wet blanket, but I think probably more than half of people offering investment advice are full of it. I always feel like they are trying to sell me amway or something.

[Cactus Jack]

From an entertainment standpoint (comedies, TV shows, music), Canada lacks behind the US. However, in terms of news the CBC and CBC newsworld are light years ahead. I don't know why Canadian watch US news unless they have a vested interest or lived/have lived there. It's like the sad indictment we made on ourselves as a country last year when more Canadians watched the US VP debate instead of the federal debate in Canada, but I digress.

CNN, Fox, ABC, NBC and CBS are god awful. They're all extreme right wing, republican cheerleading factories and the fact that Jon Stewart is the only reliable source for federal level news in the US with an educated opinion is an indictment on the entire news industry in the US. I will feel sorry for Canada the day the best news our country produces is on the Royal Canadian Air Farce, despite how talented and entertaining Stewart is.
________
No2 vaporizer

[Azure]

Originally Posted by Cactus Jack

From an entertainment standpoint (comedies, TV shows, music), Canada lacks behind the US. However, in terms of news the CBC and CBC newsworld are light years ahead. I don't know why Canadian watch US news unless they have a vested interest or lived/have lived there. It's like the sad indictment we made on ourselves as a country last year when more Canadians watched the US VP debate instead of the federal debate in Canada, but I digress.

CNN, Fox, ABC, NBC and CBS are god awful. They're all extreme right wing, republican cheerleading factories and the fact that Jon Stewart is the only reliable source for federal level news in the US with an educated opinion is an indictment on the entire news industry in the US. I will feel sorry for Canada the day the best news our country produces is on the Royal Canadian Air Farce, despite how talented and entertaining Stewart is.

LOL.....okay then.

Outside of Fox, I don't think you can refer to all of the above as 'extreme' right wing. But, each to his own.

CBC has probably the best international news coverage that I know of. But, the rest of their programming, outside of HNIC is junk.

[twotoner]

I think a comment on this eco blog captures the heart of it:

How is it that almost no TV "journalist" can conduct an interview as well as an "anchor" on comedy central? You would think that there would be a place for serious journalism on TV, but there isn't, because the interviewers depend on the interviewees for ratings and thus cannot offend them, either with contrary opinions or inconvenient facts. It is the age-old journalism conundrum about both access to, and capture by, your subjects

http://www.nakedcapitalism.com/2009/...im-cramer.html

Cramer's a big crook, always has been:
http://www.deepcapture.com/jim-crame...mplicated-man/

[Clarkey]

I don't know if that was a fair skewering. I'm paraphrasing but he says something along the lines of, "you want to make financial markets more entertaining, but it's not an F***ing joke." Now that is hypocritical, you could say the exact same thing about Jon Stewart, he's trying to make politics entertaining, but that's not a f***ing joke either.

[Iowa_Flames_Fan]

Originally Posted by Clarkey

I don't know if that was a fair skewering. I'm paraphrasing but he says something along the lines of, "you want to make financial markets more entertaining, but it's not an F***ing joke." Now that is hypocritical, you could say the exact same thing about Jon Stewart, he's trying to make politics entertaining, but that's not a f***ing joke either.

It's very different. Stewart's show never attempts to be authoritative about politics. It's slanted, everyone knows it--and it's designed to be funny. It can sometimes be trenchant, often critical, but at the end of the day, the measure of Stewart's show is still "was it funny?"

Cramer isn't operating in that universe--and he knows it, as evidenced by his awkward mea culpas in that interview. I actually did gain respect for him--he knew Stewart had him dead to rights, and he sat there and took his lumps and never stopped smiling.

But it is shocking that the news media has failed so badly that the first person to try to "explain" the financial crisis to the layperson is Jon Stewart. He's become a much more important media figure than I think he's comfortable with, and it's because the news media in this country has failed in their duty to the public. What's unfair is blaming all of that on Cramer--it's a much bigger problem.

[SportsJunky]

Originally Posted by Iowa_Flames_Fan

It's very different. Stewart's show never attempts to be authoritative about politics. It's slanted, everyone knows it--and it's designed to be funny. It can sometimes be trenchant, .

I think I've spotted your new favourite word IFF! It was used a couple of times in your Watchmen review also.

[Iowa_Flames_Fan]

Originally Posted by SportsJunky

I think I've spotted your new favourite word IFF! It was used a couple of times in your Watchmen review also.

You got me--I do like that one!

[Daradon]

Originally Posted by Azure

CBC has probably the best international news coverage that I know of. But, the rest of their programming, outside of HNIC is junk.

There's always the BBC, often held as the standard around the world.

But I agree with you and others, as far as news and journalism goes CBC is one of the best and way better than anything on US TV.