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Author
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Topic: Jon Stewart Skewers Jim Cramer
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AcousticGod
Knowflake Posts: 4415
From: Pleasanton, CA
Registered: Apr 2009
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posted March 14, 2009 06:05 PM
  
http://www.thedailyshow.com/video/index.jhtml?videoId=221516&title=jim-cramer- unedited-interview
http://www.thedailyshow.com/video/index.jhtml?videoId=221517&title=jim-cramer- unedited-interview
http://www.thedailyshow.com/video/index.jhtml?videoId=221518&title=jim-cramer- unedited-interview I didn't personally find it completely fair (the bit I saw anyway). I think Jim Cramer's expertise was understanding to a certain degree the game that was being played, so when he voiced these things I think he was merely showing off that he knows how things are being done, obviously not condemning the system, but not necessarily condoning it either. I think he was saying that, "this is the way things work, and so here's what I propose." It was a pretty brutal interview, though. IP: Logged |
writesomething
unregistered
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posted March 15, 2009 08:37 PM
I loved what Jon was saying but I feel he misdirected MOST of the energy/passion to the one guy. I dont like Cramer, and think his show is stupid. But man...that interview made me feel bad for him a lot. IP: Logged |
StarLover33
unregistered
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posted March 15, 2009 10:25 PM
The "Drive-by Media" strikes again! Jon Stewart NEEDS to get off his effin high horse. He needs to stop arrogantly slapping other people around. He is no better. His condescending and elitist behavior will eventually be punished in the ratings. Sure Cramer isn't innocent, he supported Obama before he criticized him, but Stewart needs to shut up because he would not have said anything to begin with had Cramer NOT attacked his beloved Obama! Stewart is nothing but a biased liberal fool who constantly rips people apart by taking everything out of context. I will never watch his show. His show creates misinformation, lies, and it punishes all the wrong people i.e. Cramer. No, screw you Jon Stewart, screw you!! Sorry for my anger, no offense to anyone but Jon Stewart (who should be eaten by wolves). -StarLover IP: Logged |
MyVirgoMask
Knowflake Posts: 3480
From: Bay Area, CA
Registered: May 2009
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posted March 15, 2009 10:57 PM
StarLover, tell us what you REALLY think  IP: Logged |
StarLover33
unregistered
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posted March 15, 2009 11:22 PM
Well I do get upset over condescending behaviour and hypocrisy; especially coming from Jon Stewart who is very guilty of spreading lies and misinformation (he takes practically everything out of context to formulate his jokes). Funny how he blames Cramer for one bad business call, but in reality Stewart is responsible for creating all kinds of misinformed havoc and bashing, and leaving others to get the facts right, but unfortunately those who pick up the pieces that Stewart has trashed don't get listened to. People believe in Stewart (cuz he is funny and likeable) when in fact he is the worst of all the snake oil salesmens. He is Obama's tool. He is like gasoline for Liberals; he is the fuel of a lot of their hate and ignorance toward the other spectrum, and the fact that he trashed Cramer (for just criticising Obama), a guy who doesn't get a whole lot of ratings to begin with was the last straw for me. It's unfortunate that Cramer couldn't defend himself (he probably didn't see it coming) and thought Stewart was just going to make jokes and brush the whole thing aside. Stewart has pulled this crap before, and quite frankly it's getting old, and pretty soon nobody is going to want to hear it either. -StarLover IP: Logged |
AcousticGod
Knowflake Posts: 4415
From: Pleasanton, CA
Registered: Apr 2009
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posted March 16, 2009 02:12 AM
I can see getting upset at his condescending nature in this interview as well as his previous encounter with the Hardball folks, but I think you're off-base otherwise:
http://people-press.org/report/319/public-knowledge-of-current-affairs-little-changed-by-news-and-information-revolutions With regard to Cramer, I think Cramer is a product of the market, and not the other way around, and Jon Stewart said numerous times that the criticism wasn't directed solely or even primarily at Cramer. IP: Logged |
jwhop
Knowflake Posts: 2787
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted March 16, 2009 07:52 AM
I never cease being amazed that there are people who get their news from entertainment shows...and still think they're well informed. Jim Cramer is a former O'Bomber backer and democrat...still. As a stock market guru, Cramer hasn't done badly at all. In fact, his track record shows a 24% per year return for 13 yrs...which is higher than Warren Buffett, the so called Oracle of Omaha who's done 21% for 40 years. Both quite good. The fact is that both Cramer and Buffett have been critical of O'Bomber's financial and economic dunceship....among many other market savey investors who know O'Bomber is in way over his head. There's a world of difference in knowing who the VP of the United States happens to be at any given time...and knowing what makes economies go boom and bust. O'Bomber is doing what Marxist Socialists always do and that's put any economy over which they gain control into bust mode...while pointing fingers and blaming everyone but themselves. O'Bomber and the rest of the Socialist demoscats have been talking down the economy for more than 6 years...when the economy was booming..along with their butt boys and girls in the leftist press. These are also the very same people who gave America the Fannie and Freddie debacle which kicked off the financial markets meltdown. As the Reverrrrend Wright would say...Their Chickens have come home to Roost. 
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AcousticGod
Knowflake Posts: 4415
From: Pleasanton, CA
Registered: Apr 2009
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posted March 16, 2009 11:48 AM
They're not well informed because they get their news from entertainment shows. They're well-informed because they care about being well-informed. They simply have the same taste in entertainment.IP: Logged |
jwhop
Knowflake Posts: 2787
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted March 16, 2009 12:00 PM
In that case, Jon Stewart is an idiot for attacking Cramer...who knows more about equity and commodity markets and what makes the economy of America run than Stewart ever will.Stewart attacked Cramer for one reason and one reason only. Cramer said something critical of O'Bomber and in the leftist world of bubble heads, that's not permitted. Furthermore, Cramer is right about O'Bomber.
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AcousticGod
Knowflake Posts: 4415
From: Pleasanton, CA
Registered: Apr 2009
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posted March 16, 2009 12:21 PM
That is factually untrue. The first time I saw Stewart attack Cramer was when Bear Stearns fell. They aired a piece from Mad Money where Cramer opined that Bear Stearns wasn't in trouble. Bear Stearns collapsed a full year ago, which is obviously well before Obama even came in to office. If your suggestion were true, Stewart likely wouldn't have had anything to say about Cramer prior to Cramer's comments about Obama.IP: Logged |
jwhop
Knowflake Posts: 2787
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted March 16, 2009 12:51 PM
What I said about Cramer is factually true. His record of turning 24% annual returns on invested capital is true.As to what Jon Stewart knows about markets and the US economy, I would judge that to be zip, zilch and zero. One of your demoscat heroes bought more than a billion dollars of GE stock when it was about $24 per share. GE is currently trading at about $10 and Warren Buffett's Berkshire company has lost so much money it's had it's bonds downgraded by the bond raters. IP: Logged |
sunshine_lion
unregistered
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posted March 16, 2009 04:39 PM
ah, jwhop... your selling i'm not buying. what he was doing was misleading the public, making money in the process. what jon pointed out was true. how he did it.....ok, minus 10 points for tact. and crass as he can be, his ratings are not suffering.IP: Logged |
jwhop
Knowflake Posts: 2787
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted March 16, 2009 05:12 PM
So Sunshine_Lion, please tell me how Cramer made money on the stock he promoted...the one which went down instead of up?I'm an ex stockbroker btw so I can think of a way but if he got caught, he'd lose his Series 7 license for sure and be sued to boot. IP: Logged |
Mannu
Knowflake Posts: 45
From: always here and no where
Registered: Apr 2009
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posted March 16, 2009 08:47 PM
24 percent return is much better than dwindling savings rateIP: Logged |
Mannu
Knowflake Posts: 45
From: always here and no where
Registered: Apr 2009
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posted March 16, 2009 08:47 PM
24 percent return is much better than dwindling savings rateIP: Logged |
NosiS
Moderator Posts: 145
From:
Registered: Apr 2009
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posted March 16, 2009 10:53 PM
Gotta give credit where credit is due.
At least Cramer can properly understand the historical context of this recession.
http://www.colbertnation.com/the-colbert-report-videos/187307/october-06-2008/jim-cramer Just listen when the video hits 2:20. "Actually, you can't blame it on the Bush Administration...It's just historically inaccurate." IP: Logged |
Lindaland
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