Jon Stewart Just Crucified Cramer & CNBC

Free Thinker · Mar 13, 2009

here is the longer unedited version.even better.

http://blog.indecisionforever.com/2...jim-cramer-the-extended-daily-show-interview/

eagle · Mar 13, 2009

Cramer is finally fallen due too his many wrong calls and his arrogance. I'm worried that one day our stock_trader will get the same fate as Cramer.

ByLoSellHi · Mar 13, 2009

Quote from eagle:

Cramer is finally fallen due too his many wrong calls and his arrogance. I'm worried that one day our stock_trader will get the same fate as Cramer.

One day?

I think that time has come and gone dozens of times for turder.

He's jumping for joy that the S&P held 700, when he orginally promised to leave ET, in his words, '4evah, yo, werd,' if it ever fell to 1250 or below.

Oh, the other differences? Cramer actually made money over his career, Cramer actually has a brain whatever you think of his actions, Cramer is somewhat known as a B celeb, turder has none of these things, and Jon Stewart would think turder was the Viacom coffee intern, at best.

Kassz007 · Mar 13, 2009

Quote from Renegen:

That's not true. Here in Canada there's a channel called BNN and it's very serious and looks out for investors. They frequently have CEOs on and guests. They ask tough questions or rarely do you think the interviewer is throwing them a bone.

Why do they do it? Why do the CEOs keep coming back? Because BNN is so powerful that to reach investors you must go on the channel. Between CNBC and Bloomberg a CEO would know that if they weren't forthcoming and transparent in their interviews, that hundred of thousands of investors would reject their company, if not millions.

It's like you almost say yourself that journalists have absolutely no power and are just glorified PR agents, wow, way to give up. Media has power, an ethical media looking out after you has the power to shut down CEOs or companies that disrespect their interviewers or investors. This is especially true in the small world of finance.

The second reason and I'd like to believe it is that some of the CEOs come on board to educate canadians and offer some good advice. During the november crisis, you had 3 chief economists of the top 6 banks show up for 1 hour just to talk and explain things to folks.

I recommend BNN to everyone out there.

I also like BNN. The main reason is their ambition to deliver actual news and analysis without the fluff and frills of CNBC. The channel is not preoccupied with grabbing the attention of regular joes. The channel is overall very boring and most people would not watch unless you're actively involved in the markets. It's this reason why they're able to report and criticize actual business news because they know the content is boring to the average person but they don't care.

Frostie · Mar 13, 2009

Quote from Pekelo:

Not to mention Stewart assumed that the reporters on CNBC knew this was coming, which was clearly not the case. But even if they knew, are they allowed to ring the alarm bell long before the market start to collapse? CNBC is owned by big corporation, they are supposed to hammer home the corporate message.

And this is a major problem with the American news media, journalistic integrity has been sacrificed and profits have become mantra in news rooms. This isn't the first time Jon Stewart has criticized the media for not doing their job, it is one of his re-occuring themes.

When Jon has a look like this on his face, you should not engage..

http://www.youtube.com/watch?v=aFQFB5YpDZE

stock_trad3r · Mar 13, 2009

Too bad cramer won;t be cancelled. That would be the ultimate crucification. Fast money also needs to be cancelled. Same for Faber Report and Sqwak box.

Daal · Mar 13, 2009

Quote from smilingsynic:

Please.

Stewart was calling CNBC to task not for bad calls, but for a lack of accountability. The bad calls that never get brought back to light, the softball interviews, the almost groupie-like adoration of CEO's--that has been CNBC for years.

Those are valid criticisms. What is not valid is for Stewart to complain about peoples 401ks and berate cramer and CNBC for being wrong. 'You werent as good as Roubini' is not a valid criticism

So what if they cheerleaded the prosperity, so did the GLOBAL stock market(500%+ for some emerging markets), so did politicians, economists, research groups,etc

stock_trad3r · Mar 13, 2009

Do keep in mind that ppl who are in the daily show studio audience are liberals who are typically poor, miserly and or on meds.

ess1096 · Mar 13, 2009

Quote from stock_trad3r:

................. Fast money also needs to be cancelled. Same for Faber Report and Sqwak box.

.......... and your ET membership!

WaveStrider · Mar 13, 2009

Quote from Frostie:

And this is a major problem with the American news media, journalistic integrity has been sacrificed and profits have become mantra in news rooms. This isn't the first time Jon Stewart has criticized the media for not doing their job, it is one of his re-occuring themes.

When Jon has a look like this on his face, you should not engage..

http://www.youtube.com/watch?v=aFQFB5YpDZE

It's always about who is paying the bills. Whoever is paying them, owns them.

Back to Means, Motive, and Opportunity to get the indictments Cramer was talking about...

Another question is - why does it take JON STEWART to shine a light on the media...?