Oil Can Boyd Posted March 13, 2009 Share Posted March 13, 2009 his inability to defend himself on any legitimate level was painful however.I have never watched Cramer's show but I expected him to put up more of a fight or at least a defense. Quote Link to post Share on other sites
uncool2pillow Posted March 13, 2009 Share Posted March 13, 2009 I have never watched Cramer's show but I expected him to put up more of a fight or at least a defense.I think Cramer's best strategy is to forget last night ever happened. His hardcore fans will ignore it as Stewart's bias and he'll still have an audience. The rest of us know who he is now. Quote Link to post Share on other sites
Katie3 Posted March 13, 2009 Share Posted March 13, 2009 Where can Canadians see the interview? Quote Link to post Share on other sites
NightOfJoy Posted March 13, 2009 Share Posted March 13, 2009 I have absolutely no idea who Jim Cramer is. Is that good or bad? Quote Link to post Share on other sites
Good Old Neon Posted March 13, 2009 Share Posted March 13, 2009 I have absolutely no idea who Jim Cramer is. Is that good or bad? That depends, are you money mad? Quote Link to post Share on other sites
John Smith Posted March 13, 2009 Share Posted March 13, 2009 In our country we rely too much on Quote Link to post Share on other sites
NightOfJoy Posted March 13, 2009 Share Posted March 13, 2009 That depends, are you money mad? Not particularly. I picked love over money. Quote Link to post Share on other sites
cryptique Posted March 13, 2009 Share Posted March 13, 2009 In our country we rely too much on Quote Link to post Share on other sites
Good Old Neon Posted March 13, 2009 Share Posted March 13, 2009 I would add Dr. Phil to that list. What a jagoff that guy is. It amazes me that certain people regard him as some kind of guru. Watch it! Quote Link to post Share on other sites
JUDE Posted March 13, 2009 Share Posted March 13, 2009 Do people actually base their stock market investments on information they get from this program? Quote Link to post Share on other sites
Duck-Billed Catechist Posted March 13, 2009 Share Posted March 13, 2009 The Daily Show? Yes. Quote Link to post Share on other sites
uncool2pillow Posted March 13, 2009 Share Posted March 13, 2009 Do people actually base their stock market investments on information they get from this program?I know at least one person who does. She's quite affluent and lives in Omaha, NE. If I was in her position, I'd listen to my neighbor, Warren, and not this nutjob. Quote Link to post Share on other sites
rareair Posted March 13, 2009 Share Posted March 13, 2009 I have never watched Cramer's show but I expected him to put up more of a fight or at least a defense. i guess he thought his sad mea culpa would put this behind him, which appears to be in the Cramer playbook for success. i do not see how even his supporters (do they still exist?) could explain away last night's performance. Quote Link to post Share on other sites
John Smith Posted March 13, 2009 Share Posted March 13, 2009 I would add Dr. Phil to that list. What a jagoff that guy is. It amazes me that certain people regard him as some kind of guru. Oh, there are tons of "pop" advice people out there. Phil is defiantely a high profile one, and my inlaws love him. Quote Link to post Share on other sites
austrya Posted March 13, 2009 Share Posted March 13, 2009 You have to give Suze Orman a little credit though. I watch her show quite a bit and she does give some pretty sound advice. I love the "Can I Afford It" segment. Quote Link to post Share on other sites
Good Old Neon Posted March 13, 2009 Share Posted March 13, 2009 Boy did that feel good to watch. He dropped a few appropriate F-bombs. Wow, that was some damning video he had of Jim Cramer. Good old Neon makes a great point. Why can't we see an interview like that on Meet the Press instead of the hour of ass kissing you get now. It runs so much deeper than that even. This is what now passes as professional journalism at its finest. Moreover his is not just an indictment of CNBC, it's an indictment of "60 Minutes" and its "investigative" progeny -- tired vaudevilles, lifted and botoxed. ALL of the "Mainstream" media is Jim Cramer. ALL of it. Quote Link to post Share on other sites
jff Posted March 13, 2009 Share Posted March 13, 2009 Do people actually base their stock market investments on information they get from this program? If so, maybe they could argue their case before Judge Mathis. Quote Link to post Share on other sites
Duck-Billed Catechist Posted March 13, 2009 Share Posted March 13, 2009 So, I see they used some of that vid in the Stewart interview. They used one of the parts where he expressly recommended what I gather to be illegal manipulation of the market. They used the part where he said he wouldn't say this stuff on tv (to which he lamely replied that he was on tv during the current interview). They did not use the part where he recommended getting bullshit rumors into the press--including CNBC! They did not use the part where he kinda sorta endorsed price fixing.They also left out the part where he said the fundamentals (that is to say, the bottom lines of the companies) don't matter--the market matters. Err, I missed some of the stuff they did use or they did use more in the uncut version of the interview. Quote Link to post Share on other sites
uncool2pillow Posted March 13, 2009 Share Posted March 13, 2009 It runs so much deeper than that even. This is what now passes as professional journalism at its finest. Moreover his is not just an indictment of CNBC, it's an indictment of "60 Minutes" and its "investigative" progeny -- tired vaudevilles, lifted and botoxed. ALL of the "Mainstream" media is Jim Cramer. ALL of it.I'm afraid such a strong generalization makes you sound a bit like the people who go here. Quote Link to post Share on other sites
sureshot Posted March 13, 2009 Share Posted March 13, 2009 I honestly almost cried. I think Cramer almost cried. Quote Link to post Share on other sites
EL the Famous Posted March 13, 2009 Share Posted March 13, 2009 cramer has made a lot of $ in the market over the years, but i'm glad to see him (and more so 'entertainment journalism') called on the carpet. that said, i'll also throw some accountability towards anybody who based their financial gameplan solely on his advice or other like douchebags versus a multi-faceted, more educated approach to their investments/finances. Quote Link to post Share on other sites
uncool2pillow Posted March 13, 2009 Share Posted March 13, 2009 I think Cramer almost cried.Or pooped his pants. Quote Link to post Share on other sites
MattZ Posted March 13, 2009 Share Posted March 13, 2009 that said, i'll also throw some accountability towards anybody who based their financial gameplan solely on his advice or other like douchebags versus a multi-faceted, more educated approach to their investments/finances. Stewart's point is that CNBC marketed Cramer (and others) in such a way that misled people into thinking that they were receiving a multi-faceted, educated approach to investing. Now, we can argue over whether those people were morons, or naive, or reasonable, but to me, that's the coup de grace. Cramer is nothing more than Dr Phil or Rush Limbaugh (an entertainer). And CNBC held him out as something else. And to take it a step further, combine Cramer with everyone else on that channel. All of CNBC is a facade. And it's a facade that helped to convince lots of people to put 401k money into the market because the stock market goes up 10%/yr. Why? Don't ask questions. It does. It doesn't. Quote Link to post Share on other sites
Good Old Neon Posted March 13, 2009 Share Posted March 13, 2009 I'm afraid such a strong generalization makes you sound a bit like the people who go here. I could give you a long, boring synopsis of Chomsky Quote Link to post Share on other sites
EL the Famous Posted March 13, 2009 Share Posted March 13, 2009 Stewart's point is that CNBC marketed Cramer (and others) in such a way that misled people into thinking that they were receiving a multi-faceted, educated approach to investing. Now, we can argue over whether those people were morons, or naive, or reasonable, but to me, that's the coup de grace. Cramer is nothing more than Dr Phil or Rush Limbaugh (an entertainer). And CNBC held him out as something else. And to take it a step further, combine Cramer with everyone else on that channel. All of CNBC is a facade. And it's a facade that helped to convince lots of people to put 401k money into the market because the stock market goes up 10%/yr. Why? Don't ask questions. It does. It doesn't. i don't disagree w/ you or Jon an iota and i'll assign lion's share of the problem to cramer/CNBC/analysts/whomever...but, like the countless discussions on the mortgage problem, people need to learn to not take things at face value. especially when it comes to large amounts of their own $. all i'm saying. Quote Link to post Share on other sites
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