Stewart slams Cramer with Apple video
The highlight of Thursday night's appearance of CNBC's Mad Money host Jim Cramer on The Daily Show with Jon Stewart — which both NBC and Comedy Central had done their best to promote as the grudge match of the century — turned out to be a two-year old TheStreet.com video of Cramer being interviewed about about how easy it is to manipulate Apple's (AAPL) stock price.
The video is famous among long-time Apple investors because what Cramer so candidly describes seems to confirm their worst fears about how the market really works. Cramer gave the interview to Aaron Task on Dec. 22, 2006, two and a half weeks before Macworld 2007 — the one at which Steve Jobs introduced the iPhone. The nut graph is this one, where Cramer explains how easy it is to "foment" uncertainty and doubt about a stock:
"You can't create yourself an impression that a stock is down, but you do it anyway because the SEC doesn't understand it … Apple's very important to spread the rumor that both Verizon and AT&T have decided they don't like the phone … You also want to spread the rumor that it's not going to be ready for Macworld. And this is very easy because the people who write about Apple want that story, and you can claim that it's credible because you spoke to someone at Apple, 'cause Apple doesn't … they're not going to comment … So it's really an ideal short. And again if I were short Apple, I'd pick up the phone and I'd do that today."
"When I watch that," Stewart told Cramer Thursday night, "I can't tell you how angry that makes me."
Stewart showed several clips from TheStreet.com interview to good effect, but the piece is worth watching in its entirety; it's a rare glimpse into the thought processes of a hedge fund manager.
The six-minute interview is usually available on YouTube, but not always easy to find, so we've posted it here:
If you missed the March 12th Daily Show, Comedy Central offers it in four (uncensored) parts here.
Lost in all this is SANTELLI. He PERSONALLY started this by calling out all mortgage owners as losers! He then compounded it by then canceling his interview on the Daily Show to answer for it.
That's what really started Daily Show's coverage of how the ORACLES (such as Santelli) of CNBC had been over-leveraging the "positives" of the market all this time.
The real loser here is Santelli — hinding behind CNBC and Cramer.
, and then cancelling on the Daily Show w
While most industries are facing the worst conditions in 70 years, the market for business journalists is booming, who investors increasingly look to for advice on how to save their last dollar. During the first two months of this year the financial network CNBC, a subsidiary of General Electric (GE), averaged 282,000 home viewers, compared to 264,000 last year and 233,000 in 2007. The financial crisis is boosting profits there, much as the Gulf War did for CNN in 1991. The network is now increasingly becoming the story itself, offering a rallying point for criticism of the Obama administration as it plays to its overwhelmingly conservative audience. Anti bailout comments by futures markets reporter Rick Santelli, who called those behind on mortgages “losers”, sparked nationwide “tea party” rallies. The theatrical Jim Cramer accused Obama of causing “the greatest wealth destruction of any US president,” inviting a White House counterattack. Convincing people they are sick, and then offering to sell them the medicine for a cure, has always been a great business strategy. http://www.madhedgefundtrader.com.
Stewart is brilliant and hilarious. But it really annoys me that he never lets anyone finish a sentence. Colbert does the same thing. They'd be even better if they'd show their guests a bit more courtesy while making them look ridiculous.
Stewart is brilliant and hilarious. But it really annoys me that he never lets anyone finish a sentence. Colbert does the same thing. They'd be even better if they'd show their guests a bit more courtesy while making them look ridiculous.
i find it pathetic that so many people want to continue to justify the crap of the bush cudlow hype of the economy. cudlow wuth his bush does not get credit for the good economy or the crap about the cinderella economy. what did that ever mean? the point they were all making is that short selling should be illegal since it uses my stock to bet against me. paycheck is a great example of that. short sellers run to the SEC and demand an investigation on no facts. but the act of doing it drops the stock and they make money. and the SEC needs to be expanded to go after all companies that cook their books and then insiders sell out before the stock crashes like veriphone who has yet to be investigated.
i am begining to beleive the Chinese have the right idea. put a bullet in their head.
Bush should be in jail with madoff
"I find it pathetic that so many folks follow the giberish of a comedic hack on the Daly Show.
Anyone with an ounce of brains would know what Cramer’s show is, and isn’t.
If you can’t tell maybe you need to start watching less television and start reading more.
It will expand you knowledge base."
I believe you need to practice what you preach. Maybe then you wouldn't make errors in a four line response.
"I find it pathetic that so many folks follow the giberish of a comedic hack on the Daly Show.
Anyone with an ounce of brains would know what Cramer’s show is, and isn’t.
If you can’t tell maybe you need to start watching less television and start reading more.
It will expand you knowledge base."
I believe you need to practice what you preach. Maybe then you wouldn't make errors in a four line response.
Savaged: "Like Michael said yesterday, and has said for years, people like this couldn’t exist without a team of script writers and a teleprompter."
Huh?!? Read the following and try to prove to me that Jon CAN’T think fast on his feet:
Cramer: Well, I think that your goal should always be to try to expose that there is no easy money – I mean, I wish I had found Madoff.
Stewart: But the show is called "Fast Money".
Cramer: I think that people … there's a market for it and we give it to them.
Stewart: There's a market for cocaine and hookers!
Brilliant!!!
Although Jon Stewart makes his living as a comedian, his show is supposed to be a fake news show. However, the "real" news is really the joke which he doesn't think is funny and calls them out when he sees fit do so. Kudos to Jon Stewart!
For those of you who see the US political system as left (DEM) and right (REP), need to re-study your political ideologies. The US political system is nowhere near left of center and never has been.
I find it pathetic that so many folks follow the giberish of a comedic hack on the Daly Show.
Anyone with an ounce of brains would know what Cramer's show is, and isn't.
If you can't tell maybe you need to start watching less television and start reading more.
It will expand you knowledge base.
I find it pathetic that so many folks follow the giberish of a comedic hack on the Daly Show.
Anyone with an ounce of brains would know what Cramer's show is, and isn't.
If you can't tell maybe you need to start watching less television and start reading more.
It will expand you knowledge base.
And as an ironic proof to some of Stewart's argument (that financial *news* is more often entertainment biased toward short-term profit-taking and market manipulation), how about the subheading to this CNNMoney.com article: "Mac news from outside the reality distortion field."
I mean, wouldja believe it?
http://www.rationalpsychic.wordpress.com
Can't Cramer be charged and arrested for what he said/admitted on TheStreet.com in 2006?
I found this to be incredible. Who among you are defending Cramer or CNBC? Do you have a 401K plan or other long-term investment plan? Stewart is saying that the financial NEWS industry should be covering this stuff as news. Cramer's claim that as a journalist he was defenseless when a CEO lied to him was so unbelievable I couldn't believe he thought he was talking to folks with more than a sixth-grade education. Cramer was saying that he couldn't follow up on stories that didn't gibe with the real behavior of the market or the companies whose CEOs he was interviewing. I couldn't believe that the financial reporters have been so unwilling to actually REPORT what goes on. Seeing is believing. Stewart is raising a question that hasn't been answered yet: Are CNBC and other financial news outlets reporting or just entertaining and advertising?
I found this to be incredible. Who among you are defending Cramer or CNBC? Do you have a 401K plan or other long-term investment plan? Stewart is saying that the financial NEWS industry should be covering this stuff as news. Cramer's claim that as a journalist he was defenseless when a CEO lied to him was so unbelievable I couldn't believe he thought he was talking to folks with more than a sixth-grade education. Cramer was saying that he couldn't follow up on stories that didn't gibe with the real behavior of the market or the companies whose CEOs he was interviewing. I couldn't believe that the financial reporters have been so unwilling to actually REPORT what goes on. Seeing is believing. Stewart is raising a question that hasn't been answered yet: Are CNBC and other financial news outlets reporting or just entertaining and advertising?
Used to really enjoy The Dailey show – but its too one sided. Ironic
for a host who claims to despise partisan rhetoric disguised as news.
His show has evolved into a pure left wing editorial show disguised as
a comedy program. I Thought Jim Cramer did the only thing he could do being a guest on Stewart's show. He just let Jon Stewart get on his soap box and launch into a pre-designed editorial. It's so easy to take shots at everyone else and then duck behind "it's just a comedy program" wall. Jon Stewart wants everyone else in the world to take responsibilty while he claims immunity.
At the end of a hard day- it used to be nice to
tune into a show that saw the absurdity of it all . Now Stewart's ego has
taken control and he is just as absurd as the people he
mocks. Narrow minded , self centered people – be they Democrats ,
Republicans, Communists or comedians are a real bummer.
While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?
China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.
The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
Thanks,
Ron with 30 plus years in the investment business and banking industry.
While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?
China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.
The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
Thanks,
Ron with 30 plus years in the investment business and banking industry.
I think Stewart did a great job of summarizing the shit that's been going on. Not everyone who watches TV is investing or trading stocks, but most of us are hurting from the economy. I think Stewart did a great job, and make some awesome points.
Cramer's not really a thief or villain, I know he just needed to scream something for that night's show and ended up jumping to conclusions. Overall, this was an awesome interview, props to Jon Stewart and the Daily Show.
Cramer cannot defend himself, because he is an admitted
stock manipulator.
Stewart is an entertainer, but in this case he does the job
that the SEC and other watchdogs should be doing.
I'm not surprised that people like Cramer thrived under
the Bush administration. The government was strangled.
Who was the guy in charge of FEMA again? What did Enron
do again? And that only what we know about.
Hopefully the SEC will start getting serious about this
thievery. But the damage has been done. Just like it was
in the housing market. Madoff wasn't the only one with
a Ponzi scheme. Looks like it was all over town.
Sunny Guy
Cramer cannot defend himself, because he is an admitted
stock manipulator.
Stewart is an entertainer, but in this case he does the job
that the SEC and other watchdogs should be doing.
I'm not surprised that people like Cramer thrived under
the Bush administration. The government was strangled.
Who was the guy in charge of FEMA again? What did Enron
do again? And that only what we know about.
Hopefully the SEC will start getting serious about this
thievery. But the damage has been done. Just like it was
in the housing market. Madoff wasn't the only one with
a Ponzi scheme. Looks like it was all over town.
Sunny Guy
Bailout 2008
Like a bloodied warrior,
laying broken and torn.
Like a dying soldier, hopeless and forlorn.
But the blood, it be green,
the color of money.
And the soldier is an economy,
and it is anything but funny.
Broken are it's people and shattered are their dreams.
Thanks to the ultra rich and their full proof schemes.
It is a tragedy with more pain to come.
Finance will be Hell, and their wills will be done
A lot of people truly wouldn't understand what that blundering idiot was talking about or doing if it wasn't for Jon Stewart. Jon Stewart is looking out for the underdog and that fat cat Cramer just wants to rip people off. He should be shot. Thanks Jon!
A lot of people truly wouldn't understand what that blundering idiot was talking about or doing if it wasn't for Jon Stewart. Jon Stewart is looking out for the underdog and that fat cat Cramer just wants to rip people off. He should be shot. Thanks Jon!
This video is no longer available due to a copyright clain by Viacom International Inc..
Is it really a copyright cliam, or they just don't want people to see the clip anymore?
LooooL
This is news, not a game. If Viacom wants to pick sides maybe it should pick the right side. This was more then just about money. This is about protecting vested interests which were just slammed by Stewart in his debate with the essence of Wall St. Which I believe is as prophetic as it comes.
Viacom, it's my hope you shares take a hit on this one as well. Corp. American Garbage. In part you are the cause of this global crisis and don't think the world is going to forgive and forget any time soon. Good-Bye !!!
This is news, not a game. If Viacom wants to pick sides maybe it should pick the right side. This was more then just about money. This is about protecting vested interests which were just slammed by Stewart in his debate with the essence of Wall St. Which I believe is as prophetic as it comes.
Viacom, it's my hope you shares take a hit on this one as well. Corp. American Garbage. In part you are the cause of this global crisis and don't think the world is going to forgive and forget any time soon. Good-Bye !!!
I find it ironic that a B-movie actor is now being hailed as a revolutionary political pundit. Jon Stewart is no different than Cramer or anyone from CNN. And he especially is not a layman.
He is a millionaire entertainer, using the news to convey opinion that often is absorbed into fact. And people will obliviously follow the Daily Show's opinion just as blindy as someone watching Mad Money.
Cramer's time on the show was a public relations nightmare. He absorbed the stinging barbs directed at CNBC and accepted fault on behalf of things that had nothing to do with him. I have no problem with the Daily Show roasting him on behalf of his actions, but to make him the talking head of a major organization for Stewart to lash out on was certainly unfair and unprofessional.
I'm not defending Cramer or CNBC, but this interview proves to me that the Daily Show is becoming no different than the news and corporations it mocks.
In the end, it is up to the VIEWER, no matter what show they are watching, to be held responsible for their actions. Stop blaming the media for your ignorance. Seek the answers yourself.
Kudos to the staff of The Daily Show. I was stunned at Cramer's lack of defense. He looked like a dog with his tail tucked between his legs.
John Stewart could quite possibly be the best reporter we have on TV today.
"Jim Cramer is an entertainer anyone who makes investment decisions based on entertainment deserves to lose their money. Now for real news and analysis thats insightful and fun goto http://www.tradethepicture.com
"
Ta-da, you hit the nail on the head.
Most of CNBC shows are no different that Meet the Press.
"Jim Cramer is an entertainer anyone who makes investment decisions based on entertainment deserves to lose their money. Now for real news and analysis thats insightful and fun goto http://www.tradethepicture.com
"
Ta-da, you hit the nail on the head.
Most of CNBC shows are no different that Meet the Press.
Laughable. Stewart displaying his frustration at being a comedian instead of a real journalist shows why he is what he is. A joke.
I'm not a journalist, but I am proud of the USA and the freedom we have here, but Stewart and CNN, I thought what you did was unjust, lacked journalistic ethics, and I'm ashamed that the media (especially talk hosts that have NO credentials)would stoop to dirty journalism. I'm very upset that Cramer' network threw him to their enemies/wolves as they did, and frankly this has got to stop. Stewart has to return to reading jokes from cue cards, and Cramer, I'm sure, learned from this, and (will) change. CNN – I'm not proud of the way you do business…
I'm not a journalist, but I am proud of the USA and the freedom we have here, but Stewart and CNN, I thought what you did was unjust, lacked journalistic ethics, and I'm ashamed that the media (especially talk hosts that have NO credentials)would stoop to dirty journalism. I'm very upset that Cramer' network threw him to their enemies/wolves as they did, and frankly this has got to stop. Stewart has to return to reading jokes from cue cards, and Cramer, I'm sure, learned from this, and (will) change. CNN – I'm not proud of the way you do business…
Stewart does hold the media to the fire, and sometimes the media responds. Remember CNN pulled crossfire after his appearance. Maybe, CNBC will take this as a prophecy and change their ways.
This is the first time I am watching this video. Jim Cramer has no place in the finanacial news network. He should be involved in horse racing and perhaps other activities of similar nature. he is not an investor..period.in any typical sense. you need to ask yourself if you are investor or a speculator. if you are an investor, you should not watch cnbc because it is run by people who change their stories on a day to day basis with no clarity or objectivity. cnbc network doesn't do any objective reporting at anytime. i stopped watching it long time back especially the 2 guys david faber and joe kernen. i still remember cramer touting 'under armour' stock and ran it into dizzying heights and his contribution to american economy is nohting but mindless gambling and speculation.
This is the first time I am watching this video. Jim Cramer has no place in the finanacial news network. He should be involved in horse racing and perhaps other activities of similar nature. he is not an investor..period.in any typical sense. you need to ask yourself if you are investor or a speculator. if you are an investor, you should not watch cnbc because it is run by people who change their stories on a day to day basis with no clarity or objectivity. cnbc network doesn't do any objective reporting at anytime. i stopped watching it long time back especially the 2 guys david faber and joe kernen. i still remember cramer touting 'under armour' stock and ran it into dizzying heights and his contribution to american economy is nohting but mindless gambling and speculation.
I was shocked by that interview, and I hope the public grasps the message. Stewart was brilliant, and it's a shame that Cramer was turned into a human punching bag, but he set himself up for it when he took The Daily Show's attacks on CNBC personally. It was refreshing to watch someone say what a lot of people have been thinking: the Rick Santelli-wall street types, who have the nerve to shout with indignation about homeowners who made poor decisions getting bailed out, when it was elite financial actors themselves who had to be bailed by us AFTER they had scammed the American public. Selling policies that benefit the little guy is going to get a lot of resistance from financial elites and powerful business interests and the media that serves as their shadow and mouthpiece (CNBC in this instance).
Jim Cramer is an entertainer anyone who makes investment decisions based on entertainment deserves to lose their money. Now for real news and analysis thats insightful and fun goto http://www.tradethepicture.com
Jim Cramer is an entertainer anyone who makes investment decisions based on entertainment deserves to lose their money. Now for real news and analysis thats insightful and fun goto http://www.tradethepicture.com
Three cheers for Jon Stewart and his staff, using their forum to speak aloud what most of us commoners are thinking. It doesn't matter whether Stewart alone came up with the commentary, or an army of 100 writers… the point is still valid. We're being fed a line a manure from a set of greedy, self-serving individuals who are trying to hide their maneuvering under the guise of capitalism and free enterprise.
The Daily Show called b*llsh*t and the best responses we've seen back are either "hey blame the other political party" or "don't criticize unless you know more about the market." Equally irrelevant defenses designed solely to shift blame away from themselves.
Way to go, Daily Show!
Some of you people are complete idiots… this is not a Dem (which Cramer is BTW) or a Republican issue.
Some of you people are complete idiots… this is not a Dem (which Cramer is BTW) or a Republican issue.
Why isn't this piece of shit in prison.
Both of them.
They cost America money, savings, jobs and it's future.
Lying garbage.
Prison is all they deserve.
This match-up was billed as the bout of the century, but in the end it turned out that Cramer was on the defensive the whole time. He was steam-rolled by Stewart, which was disappointing because I hoped for an all-out brawl. In any case, the stock market aficionados brought down the economy (with some help from the Fed's), check out our latest post on how the stock market has been affecting NCAA athletics. It's truly fascinating to see how this has played out! http://twobigboobs.wordpress.com/2009/03/12/economy-taking-its-toll-on-ncaa/
This match-up was billed as the bout of the century, but in the end it turned out that Cramer was on the defensive the whole time. He was steam-rolled by Stewart, which was disappointing because I hoped for an all-out brawl. In any case, the stock market aficionados brought down the economy (with some help from the Fed's), check out our latest post on how the stock market has been affecting NCAA athletics. It's truly fascinating to see how this has played out! http://twobigboobs.wordpress.com/2009/03/12/economy-taking-its-toll-on-ncaa/
Jon Stewart has a history of holding the news media to a pretty high standard, reserving his most pointed jabs for those who, in his opinion, failed to point out the dangerous lies propagated by the powerful.
I first recall his tirades over the lack of White House press scrutiny in the lead up to the Iraq invasion. His CNBC attack seems to fit neatly into this pattern: the financial news program wasn't doing adequate investigative reporting, instead it was a forum for high ranking execs to spread their misinformation.
I have no idea if these tirades make any difference in the long run. But just maybe, the victims of a Stewart rant will decide that it's in their interest to be more skeptical and willing to stand up to power in the future. That will be a good thing for all of us.
There is nothing free market about the lobbyist in Washington. They rent seek under the guise of free markets. It is antithetical, the idea of someone seeking favored governmental protections/legislation and still promoting free markets. Think before you speak.
There is nothing free market about the lobbyist in Washington. They rent seek under the guise of free markets. It is antithetical, the idea of someone seeking favored governmental protections/legislation and still promoting free markets. Think before you speak.
I meant "loss of freedom is the price you pay for complicity." I acknowledge that mistake.
My data: Look at the easy money policy of the Federal Reserve over the past 15 years. Look at the increase in the money supply (MZM and M2 specifically). Look at every piece of legislation, who sponsored, then follow the money. Politicians are self serving, like all people. They print money, dole it out, and reap the rewards on the back end. Its a good old boys club. Please tell me how you intend to change this! Until then you continue to place trust in an institution of favored institutions. Maybe in some magical fantasy land people will stop their self serving nature and work for some storied greater good.
Also, this Libertarian-like experiment never happened. The Government was behind Freddie and Fannie, foolishly promotes home ownership through subsidies and tax breaks, subsidizes various players in various industries through both fiscal and legislative support, and we live in a society with numerous trade barriers brokered not by market players but the government. Straw man much?
It's unbelievable how thoughtless the whole big, bad government versus free market debate is. Thank you, Eddie, for pointing out that the government and the market are and have always been inextricably intertwined. Arguing that the government is the cause of this problem when, as far as I can tell, the only thing that could've stopped the problem was government regulation is both truthful and misleading: the reason why proper regulations weren't in place was because of free market ideology in government and its lobbyists, who thought the banks could deal better without constraints. That was wrong. And repeatedly saying that "big government is bad" is not only hilariously anachronistic (see the media reaction to Bobby Jindal's speech) but also doesn't respond to anything the centrist democrats like Obama actually advocate. All the "Obama is a socialist" hubbub is silly when all the socialists are saying "Obama is just another capitalist" which points to the fact that both the libertarians and Marxists are hopeless radicals who will never persuade anyone of anything.
It's unbelievable how thoughtless the whole big, bad government versus free market debate is. Thank you, Eddie, for pointing out that the government and the market are and have always been inextricably intertwined. Arguing that the government is the cause of this problem when, as far as I can tell, the only thing that could've stopped the problem was government regulation is both truthful and misleading: the reason why proper regulations weren't in place was because of free market ideology in government and its lobbyists, who thought the banks could deal better without constraints. That was wrong. And repeatedly saying that "big government is bad" is not only hilariously anachronistic (see the media reaction to Bobby Jindal's speech) but also doesn't respond to anything the centrist democrats like Obama actually advocate. All the "Obama is a socialist" hubbub is silly when all the socialists are saying "Obama is just another capitalist" which points to the fact that both the libertarians and Marxists are hopeless radicals who will never persuade anyone of anything.
Christopher, what platitides are you referring to? And where is your corroborating data to hold up any of your assertions? The fact is your argument is far more vacuous and vapid.
Tell me what free market enterprise in modern history does not have some notion of government control… or any controls for that matter? That's the whole point. Regardless of whether you're anti-goverment, leaning more Libertarian, or strong government with the notion of effective controls and regulatory process, the intractable problem is that NO ONE WAS MINDING THE STORE.
Again, I won't digress into it's Republicans fault or Democrats fault… each party is equally complicit in where we are today because the controls and measures that should've been enacted to protect the populous weren't used and in many cases those institutions (government or private) either turned a blind eye or abdicated their responsbility. That in and of itself is criminal and people need to be held accountable for it.
In short, the largess that you may have around your Libertarian-like, Reaganomics focus for government… that experiment already happened and it's proven that it doesn't work. You insinuate that I'm for more government, and you're wrong. What I'm for is for the institutions that are supposed to protect me while I do what I'm doing as a law-abiding, productive contributor to society, that those institutions stop f**ing around and actually do their damn jobs! Stop abdicating your responsibility, and at the same time I too will hold up my end of personal responsibility.
Otherwise, your argument is nothing more than platitude itself it "weening from the teet of big brother". By the way, the price of freedom is not complicity… it's honoring your responsibility in your place and position to society by being productive, contributing, and calling out bullsh*t when you see it.
Losing respect for Jon and Jim by the second. Jon for being closed minding; Jim for not defending himself. Jon kept asking Jim about himself and showing clips of Jim. And what did Jon say when Jim answered…That is right "it is not only about you"—
Jon was clearly trying to make it about Jim… I could not tell you what Jon wanted, nor, I suspect could he.
And when asked about journalistic integrity and the ability to go against the crowds, government & bankers, Jim seems to forget that "they know nothing".
ohh and it was not even that funny!
A sad day for Comedy Central and CNBC…Although I don’t know what I thought was going to happen.
Losing respect for Jon and Jim by the second. Jon for being closed minding; Jim for not defending himself. Jon kept asking Jim about himself and showing clips of Jim. And what did Jon say when Jim answered…That is right "it is not only about you"—
Jon was clearly trying to make it about Jim… I could not tell you what Jon wanted, nor, I suspect could he.
And when asked about journalistic integrity and the ability to go against the crowds, government & bankers, Jim seems to forget that "they know nothing".
ohh and it was not even that funny!
A sad day for Comedy Central and CNBC…Although I don’t know what I thought was going to happen.
There is another layer of manipulation not mentioned in the videos above, although it is hinted at. Some very large corporations pay people like Cramer to keep a competitors stock price down.
There is another layer of manipulation not mentioned in the videos above, although it is hinted at. Some very large corporations pay people like Cramer to keep a competitors stock price down.
The author of this piece needs to check the definition of the word "foment." He paraphrases Cramer as saying that it's easy to "create 'forment' around a stock." He misunderstood Cramer. To foment IS to create. Depending upon the context, the two words are synonmyms. A more precise synonym for foment would be "incite." You don't "create foment" any more than you would "create incite." Cramer was saying that you're not suppose to foment the belief that a stock will tank but that it's easy to do.
You undercut your credibility when you misunderstand such a simple term.
ex ped: I learn something new every day. Thanks. Fixed.
Frankly, if anyone has ever read any sort of media (not from the primary souce, ie the company itself) and then went and traded stocks. You are just like Kramer.
I've hated Kramer ever since people started citing him as a credible source. He basically just came into the spotlight by handling a lot of money (well, to his credit) and has been manipulating markets ever since.
Basic economics sense tells us that these changes are very temporary – but, hey, when the market was fluctuating like mad several months ago. I played it and made some decent money. Kramer's influence makes it an unfair game, but its the same game.
Don't blame him too much, just hate what he does.
Frankly, if anyone has ever read any sort of media (not from the primary souce, ie the company itself) and then went and traded stocks. You are just like Kramer.
I've hated Kramer ever since people started citing him as a credible source. He basically just came into the spotlight by handling a lot of money (well, to his credit) and has been manipulating markets ever since.
Basic economics sense tells us that these changes are very temporary – but, hey, when the market was fluctuating like mad several months ago. I played it and made some decent money. Kramer's influence makes it an unfair game, but its the same game.
Don't blame him too much, just hate what he does.
And so what if 90% of Americans are feeling the pain? It means 90% of American's need to grow up, stop maxing out their credit cards, pay attention to their finances, and get over the manufactured idea of the 'American Dream.'
Ah forget it! I'll trade my Constitution for a little bit of good ole guvmint funded security. Hopefully they combine the bread lines and wait lines at the doctor's office. Oh wait, this is centralized government we are talking about…that would be far to efficient.
Eddie, enough of the platitudes. This is not a free market experiment of any sort. The reasons are far from simple and streamlined, but with certainty the easy money policies and social engineering promoted by the Federal Government helped to both create and exacerbate this systemic collapse of the financial system. Jon's "call out" of the "institutional circle-jerking" is hollow. Why? Well, Jon supports a radically stronger central government, and there lies the disconnect. He wants more government, more of the very government that continually fails its constituents! The Federal Government will always fail you. Americans need to ween themselves from the teet of big brother. Freedom is the price you pay for complicity.
Eddie, enough of the platitudes. This is not a free market experiment of any sort. The reasons are far from simple and streamlined, but with certainty the easy money policies and social engineering promoted by the Federal Government helped to both create and exacerbate this systemic collapse of the financial system. Jon's "call out" of the "institutional circle-jerking" is hollow. Why? Well, Jon supports a radically stronger central government, and there lies the disconnect. He wants more government, more of the very government that continually fails its constituents! The Federal Government will always fail you. Americans need to ween themselves from the teet of big brother. Freedom is the price you pay for complicity.
Kramer admits he broke SEC law and is culpable. He must be prosecuted for his actions as a Hedge Fund Manager or this is a nation of criminals. As a long term owner of Apple stock I am actively looking for the same to start the suit against Kramer.
Fool, you misunderstand. Both parties are to blame, yes. I use the word liberal to describe the lending practices, not the politics behind them. We need to get back to the days when you MUST have 20% down to buy a house, and we need to be rid of ARM's. Although the original legislation was passed under Carter, the real issues started under Clinton and were made worse under Bush. You could call this a bipartisan screw-up at its finest.
Of course the housing bubble and everything (the war, oil prices etc) else has impacted the economy, but it does not excuse the blatant stock market manipulation that happens every day. With all of the losses that even the best investors have incurred due to the downturn, stock price manipulation has sure been the way for these unscrupulous people to try to offset these losses.
Of course the housing bubble and everything (the war, oil prices etc) else has impacted the economy, but it does not excuse the blatant stock market manipulation that happens every day. With all of the losses that even the best investors have incurred due to the downturn, stock price manipulation has sure been the way for these unscrupulous people to try to offset these losses.
What about Jim telling you Bear Stearns is fine and not to move your money out of Bear on 3/11/08 and then a couple days later it collapsed. Told people to buy Wachovia and labeled it a “winner” 9/30/08 and then it fell to less than a dollar a share a few days later.. Some advice he gives..
Wow… let the partisan rancor being. For you dolts out there trying to turn this into a political partisan debate, you're an ID10T and you're missing the larger point.
This has nothing to do with politics. It has everything to do with GREED, insatiable GREED of the two market system. Yes, the two markets that Jon points out: one where regular everyday working people place their money into like their 401k for retirement, 529 programs for their kids college education, IRAs, money market accounts, and yes stocks for those with an understanding that there's higher risk.
No one is negating the fact that research is important, and that risk is inherent in the system. And yes, there's a personal responsibility that one undertakes when investing their money.
But over the last 12 months, I want to hear from the blustery loud mouths that have commented … have you made money in this market? If so, good on you. But to disingenuously call everyone else out as dolts or lemmings makes you sub-human and evidently you have not seen the carnage that has affected all of us.
What Jon was really trying to call out here is that there's institutionalized circle-jerking here among the bodies that are supposed to provide oversight and regulation to the markets, and the markets that are perfectly content to foment demand and fleece the larger masses. Hence, those with access get richer, and those "idiots who don't do research" get screwed. Oh by the way, those "idiots" are the 90% of the American public who've lost better than 50% of their hard-earned money participating in what is supposed to be the "free market experience" that is supposed to enrich all that participate.
Yes, CNBC and other media outlets will tell you … stay the course, know your risk aversion, yada, yada, yada. Yes, that's all true.
But for your dumb a$$e$ you listen to Mike Savage, Rush Limbuagh, Sean Hannity, and other "dittohead" shows, the point is that these people are talking to researchers, insiders, CEOs, etc and should be REPORTING the news instead of making horrid commentary by calling good people suffering the consequences of GREED "losers".
Wow… let the partisan rancor being. For you dolts out there trying to turn this into a political partisan debate, you're an ID10T and you're missing the larger point.
This has nothing to do with politics. It has everything to do with GREED, insatiable GREED of the two market system. Yes, the two markets that Jon points out: one where regular everyday working people place their money into like their 401k for retirement, 529 programs for their kids college education, IRAs, money market accounts, and yes stocks for those with an understanding that there's higher risk.
No one is negating the fact that research is important, and that risk is inherent in the system. And yes, there's a personal responsibility that one undertakes when investing their money.
But over the last 12 months, I want to hear from the blustery loud mouths that have commented … have you made money in this market? If so, good on you. But to disingenuously call everyone else out as dolts or lemmings makes you sub-human and evidently you have not seen the carnage that has affected all of us.
What Jon was really trying to call out here is that there's institutionalized circle-jerking here among the bodies that are supposed to provide oversight and regulation to the markets, and the markets that are perfectly content to foment demand and fleece the larger masses. Hence, those with access get richer, and those "idiots who don't do research" get screwed. Oh by the way, those "idiots" are the 90% of the American public who've lost better than 50% of their hard-earned money participating in what is supposed to be the "free market experience" that is supposed to enrich all that participate.
Yes, CNBC and other media outlets will tell you … stay the course, know your risk aversion, yada, yada, yada. Yes, that's all true.
But for your dumb a$$e$ you listen to Mike Savage, Rush Limbuagh, Sean Hannity, and other "dittohead" shows, the point is that these people are talking to researchers, insiders, CEOs, etc and should be REPORTING the news instead of making horrid commentary by calling good people suffering the consequences of GREED "losers".
Ok, I've had it. Josh, you don't know what you are talking about. Thus housing bubble would have been a minor problem if the loans hadn't been tranched, labeled AAA incorrectly, leveraged at silly risk levels, and flipped out to stupid buyers. The market now reflects at least some of the damage caused by those stupid actions (buy and sell), which were enabled by members of both political parties in dozens of ways over three decades. Anyone who tries to blame the market crash on one party or the other is frankly not worth listening to, because they are too lost in their ideology to recognize the truth inherent in the other side's point of view. Republicans built the gun, Democrats loaded the bullets, Wall Street bought the gun and fired it gleefully, until inevitably, Main Street got hit.
I gotta agree with this guy's blog on this fiasco
http://nkouts.blogspot.com/2009/03/jon-stewart-is-wrong.html
I gotta agree with this guy's blog on this fiasco
http://nkouts.blogspot.com/2009/03/jon-stewart-is-wrong.html
Both political parties share blame for not regulating investment banks, but most culpable are the banks themselves, for pure unvarnished, devil-may-care risk taking in pursuit of FU money. In the end, it was the 30 to 1 leverage that has blasted back through counter-parties to decimate the financial system (you realize at that level of leverage, a 33% loss means you owe 10 times your investment to the counterparty. That is what just happened in 2008 to most of the big investment banks, and in Europe, and it's why nobody knows for sure if we still HAVE a financial system, since everyone is trying to hide the damage and push it out on the time horizon, to allow ongoing cash flows can keep their companies from collapsing on the spot. That's just stupid levels of risk.) I sympathize with Sacto though – a lot of 401Ks are simply fee machines for the like of Edward Jones and American Funds… & those guys aren't the worst. With CEO Fraud, Hedge Fund manipulation, off balance sheet assets, level III assets, Quant driven speculation,etc – buying stock in any one company is a roll of the dice and as for the market itself, well, 'nuff said. It's not easy to be expert at everything, and this is one more thing people have to figure out and adapt to. (I have a good 401K, but for my wife we only match and keep it in cash, the rest goes to Vanguard.)
maddawg….so you must be a billionaire and the smartest investing mind ever, right?(by the way Buffett even lost a ton of $) Get over yourself and realize there are flaws in the market and lax oversight that affects not just investors, but those whose only investment is their 401k. Are those people supposed to know exactly how the markets work?(as you claim to)Keep your opinions to yourself, and do the rest of us a favor
GM….Use Cramer's take?
GD- down 38% since 11-3-2008
CAT- down 39% since 12-11-2008
Both supposedly "recession proof".
maddawg….so you must be a billionaire and the smartest investing mind ever, right?(by the way Buffett even lost a ton of $) Get over yourself and realize there are flaws in the market and lax oversight that affects not just investors, but those whose only investment is their 401k. Are those people supposed to know exactly how the markets work?(as you claim to)Keep your opinions to yourself, and do the rest of us a favor
GM….Use Cramer's take?
GD- down 38% since 11-3-2008
CAT- down 39% since 12-11-2008
Both supposedly "recession proof".
This stock market tank is quite easily explained to anyone with the ability to understand simple economics. We had a housing bubble triggered by liberal lending policies that were originally implemented by the Clinton administration, and unfortunately, were continued through the Bush administration. This is what brought the whole thing down. The banks who made bad bets are not completely to blame. We have a major credit crisis on our hands which has driven down the entire financial sector, and investors threw the baby out with the bathwater when the American consumer decided to start saving a non-zero percentage of their income.
If you want someone to truly blame for your portfolio's decline, it's the same group of people who have created this marvelous buying opportunity for healthy companies: investors. They are the people who decide the intrinsic value of any given company TODAY.
So, be in the market. Or be out of the market. Short term volatility is good for those who can stomach it and bad for those who get into cash when it happens. Whatever you do, we are all responsible for the consequences of our own decisions.
This stock market tank is quite easily explained to anyone with the ability to understand simple economics. We had a housing bubble triggered by liberal lending policies that were originally implemented by the Clinton administration, and unfortunately, were continued through the Bush administration. This is what brought the whole thing down. The banks who made bad bets are not completely to blame. We have a major credit crisis on our hands which has driven down the entire financial sector, and investors threw the baby out with the bathwater when the American consumer decided to start saving a non-zero percentage of their income.
If you want someone to truly blame for your portfolio's decline, it's the same group of people who have created this marvelous buying opportunity for healthy companies: investors. They are the people who decide the intrinsic value of any given company TODAY.
So, be in the market. Or be out of the market. Short term volatility is good for those who can stomach it and bad for those who get into cash when it happens. Whatever you do, we are all responsible for the consequences of our own decisions.
CNBC was in the middle of all this economic, investment and banking mess. Supposedly being a financial media company. Yet they managed to not know, uncover, or report ANYTHING leading to the events of the last year. They are appearing more and more to be simply a VOICE of the very people and companies that have been manipulating of economy. They need to own up to that – and Kramer largely has. Lets be honest – the system was ( is ? ) one borne of greed and manipulation but that is just human. The fact that it has gone on this long however suggests that it has become literally a rigged game. Cramer knows that.
I have always felt that Jim Cramer is the poster child for everything that is wrong with the market. He sells hype and makes invetsing seem like some kind of game instead of a legitimate business function. He is correct some times and wrong sometimes. The thing is anyone can have a 50/50 track record for a long time and even have a winning track record for a certain period of time. They cant make winning calls all the time. Cramer acts as if he is some kind of invetsing god and throws up his Harvard degree as his proof. I think he just recently made mention of attneding Harvard in response to being scrutinized. The thing is I know of many Harvard graduates that have been failures in business and some that were sent to prison for illegal activity. He could not and did not answer the critics questions with a legitimate answer. The bottom line is Cramer and CNBC is selling hype and nothing else. They have strayed away from legitimate business reporting. It is only a matter of time before Cramer will be axed by CNBC. The back lash of his sillyness willl come home to effetc their ratings.
I have always felt that Jim Cramer is the poster child for everything that is wrong with the market. He sells hype and makes invetsing seem like some kind of game instead of a legitimate business function. He is correct some times and wrong sometimes. The thing is anyone can have a 50/50 track record for a long time and even have a winning track record for a certain period of time. They cant make winning calls all the time. Cramer acts as if he is some kind of invetsing god and throws up his Harvard degree as his proof. I think he just recently made mention of attneding Harvard in response to being scrutinized. The thing is I know of many Harvard graduates that have been failures in business and some that were sent to prison for illegal activity. He could not and did not answer the critics questions with a legitimate answer. The bottom line is Cramer and CNBC is selling hype and nothing else. They have strayed away from legitimate business reporting. It is only a matter of time before Cramer will be axed by CNBC. The back lash of his sillyness willl come home to effetc their ratings.
I love it when people who know nothing about finance or the stock market (Jon Stewart) try to attack folks who know something. First, John, you are about two years late to the party, as this story is pretty old. I guess it has be drudged up because its fashionable to blame wall street for everyone's problems.
Jon, go back to making fart jolks, armpit noises or whatever it is that you do as a comedian, and let the financial discusison to the adults.
By the way, Jon, what is your best stock pick and how has it done lately?
The REAL headline should read: Savage SLAMS Stewart over scripted rants. Like Michael said yesterday, and has said for years, people like this couldn't exist without a team of script writers and a teleprompter. They don't matter, they're nobody's that don't even show up on ratings maps when compared to media Giants like the top 3: Rush, Hannity and Savage. Stewart is a knownothing jerk as is Hughley. To put this kind of con-medy into context, just think of the character "Reggie" from Nutty Professor. Any 2 bit comedian can make an act out of putting down people for things they don't understand, but they lack real intelligence. As far as Cramer goes, he'd clean Stew's clock on the brain scale, Con Stewart he doesn't know what he's talking about and never will.
maddawg:
From your insulting comments targeted at sacto for expressing his opinion, I gather that one should do their own research before investing. Fair enough. However, from your logic, that means that everyone out there who lost money by investing in securities is a greedy "lemming" who did not do their research (that would include the likes of Warren Buffet who lost more than 50% of assets).
It is sad when people like you who refuse to accept that the Republican policies of the past 8 years are a lot to blame for the current situation (Democrats have been part of the problem too, but it so happens that a Republican was in power for the past 8 years) also deny others' right to voice their frustration and moreover insult them. I am not surprised though.
maddawg:
From your insulting comments targeted at sacto for expressing his opinion, I gather that one should do their own research before investing. Fair enough. However, from your logic, that means that everyone out there who lost money by investing in securities is a greedy "lemming" who did not do their research (that would include the likes of Warren Buffet who lost more than 50% of assets).
It is sad when people like you who refuse to accept that the Republican policies of the past 8 years are a lot to blame for the current situation (Democrats have been part of the problem too, but it so happens that a Republican was in power for the past 8 years) also deny others' right to voice their frustration and moreover insult them. I am not surprised though.
Shaun makes a perfect point about greed. Both parties are complicit in the "get it while the gettins good" free for all. Pet projects, earmarks, legislation for favored industries, and dozens of wholly ineffective regulatory agencies, that is your federal government people. And the bill for all of this…a third of your yearly salary. Only the federal government can fail this many times and still receive a paycheck.
GM hit it right on the head. Stewart invited Cramer to a non-neutral set and lambasted him. Cowardly, but not atypical for Stewart. I'm sure the left wing blogs are having a group orgy over this today. Yeaahhh for icon worship!
I don't understand what being a Republican or Democrat has to do with this. I am so sick and tired of people arguing over arbitrary labels. Greed is greed. Being a democrat or republican doesn't mean one is any less or anymore greedy.
I don't understand what being a Republican or Democrat has to do with this. I am so sick and tired of people arguing over arbitrary labels. Greed is greed. Being a democrat or republican doesn't mean one is any less or anymore greedy.
Don't shoot the messenger. If you watch his show you will learn a lot of how market works. Then you trade using your own brain with all information you gather including Camer's take.
My 2 cents,
This wasn't a interview, Jon did not let Cramer talk freely.
Cramer is giving us a rare look into the dark world of trading. The "shorts" (the stock vultures that thrive by driving down stock prices) have been manipulating the stock price of most companies into the ground with overstatements of doom and gloom. The SEC sat by and let it happen by eliminating the "uptick rule".
Cramer isn't the bad guy, but he has seen bad things. Next time you ask if you want the truth, perhaps "you can't handle the truth" about how the stock market works.
Cramer is giving us a rare look into the dark world of trading. The "shorts" (the stock vultures that thrive by driving down stock prices) have been manipulating the stock price of most companies into the ground with overstatements of doom and gloom. The SEC sat by and let it happen by eliminating the "uptick rule".
Cramer isn't the bad guy, but he has seen bad things. Next time you ask if you want the truth, perhaps "you can't handle the truth" about how the stock market works.
Misplace anger and blame much? Placing blame upon CNBC is infantile at best and illuminates the simplistic level at which your critical thinking skills operate. Please think about this for a second…why in the world would you ever take CNBC's analysis as set in stone scripture? If you are going to play in the world of investments, do your damn research. Rewards only come with due diligence. Stop the whining because someone didn't hold your hand through this mess. The warnings were there in many other free forums, you failed to seek them out. It is your own failure, live up to it. Stop asking the government to be your Nanny State, you are adults so act like it! CNBC is clearly pro-business(not free market, stop conflating the two). If you were too ignorant to seek out other subjective sources, place the blame on yourself. The US Government is the largest, most self serving enterprise on Earth. You are delusional if you think they have any interest serving the constituents.
CNBC has to get rid of the shrill-voiced, moronic 30-something cheerleaders who interrupt every guest who isn't an arch conservative "free markets forever" guy. Whether you agree with the position of the guests or not, these "reporters" have crossed the line of good taste and good journalism. Some of the segments in this show literally remind me of the movie Idiocracy (Velveeta Jones?)…
CNBC has to get rid of the shrill-voiced, moronic 30-something cheerleaders who interrupt every guest who isn't an arch conservative "free markets forever" guy. Whether you agree with the position of the guests or not, these "reporters" have crossed the line of good taste and good journalism. Some of the segments in this show literally remind me of the movie Idiocracy (Velveeta Jones?)…
Sorry you feel it is the Republicans who do this but I think you need to take another look. Check out the owner of the Democratic party George Soros and how much money his hedge fund made.
Also I believe the Democrats invented the loyal opposition and party of no.
lmao….
nice blast at the repubs sacto.
you sound like the typical lemming of this country.
"i blame everyone else, but myself and things i believe in, for the problems i have!"
how pathetic you must feel. do you even have any original thoughts?
yea, i didn't think so either.
if you feel you've been ripped off by people….HOW IS THAT SOMEBODY ELSE's PROBLEM?
YOU decided to put money where you clearly were not interested in researching all you could so you would know you weren't being taken.
no, rather i suspect you were like all the other dumb lemmings that invested with scumbags like maddoff where you were simply more interested in 'HOW MUCH MONEY CAN I GET IN RETURNS?' than you were in guaranteeing your money was in the safest place you could find.
it seems to me YOUR GREED has gotten you quite jealous, angry and confused about what the market is really about and those that can actually use it to make money.
again…you are nothing more than a typical, pathetic lemming that can actually convince yourself that one person or political party is the cause of all your woes.
that being the case, it's also clear you have a long road to travel that you could never even comprehend and you clearly have no map….
bottom line…you're lost in life and your words prove it!
lmao….
nice blast at the repubs sacto.
you sound like the typical lemming of this country.
"i blame everyone else, but myself and things i believe in, for the problems i have!"
how pathetic you must feel. do you even have any original thoughts?
yea, i didn't think so either.
if you feel you've been ripped off by people….HOW IS THAT SOMEBODY ELSE's PROBLEM?
YOU decided to put money where you clearly were not interested in researching all you could so you would know you weren't being taken.
no, rather i suspect you were like all the other dumb lemmings that invested with scumbags like maddoff where you were simply more interested in 'HOW MUCH MONEY CAN I GET IN RETURNS?' than you were in guaranteeing your money was in the safest place you could find.
it seems to me YOUR GREED has gotten you quite jealous, angry and confused about what the market is really about and those that can actually use it to make money.
again…you are nothing more than a typical, pathetic lemming that can actually convince yourself that one person or political party is the cause of all your woes.
that being the case, it's also clear you have a long road to travel that you could never even comprehend and you clearly have no map….
bottom line…you're lost in life and your words prove it!
If you don't like the game, don't play it! No one forces you to invest in the stock market. Buy bonds or foreign issues. This story is no surprise to anyone who actually understands how things work.
I loved the interview, which was salient, unrelenting and much needed. Few journalists in recent years (Seymour Hersh is a notable exception) have been so persistent in exposing basic truths.
What Stewart has done from the platform of a comedy show is nothing short of incredible.
I loved the interview, which was salient, unrelenting and much needed. Few journalists in recent years (Seymour Hersh is a notable exception) have been so persistent in exposing basic truths.
What Stewart has done from the platform of a comedy show is nothing short of incredible.
And how, pray tell, is this in any way an indictment of the Republican party? As far as I can tell, hedge fund tactics have been unregulated since their existance, which pre-dates the prior administration. So, let's just excuse the unscrupulous purveyors of free market manipulation and blame the government. I hope that makes you sleep more soundly at night.
And how, pray tell, is this in any way an indictment of the Republican party? As far as I can tell, hedge fund tactics have been unregulated since their existance, which pre-dates the prior administration. So, let's just excuse the unscrupulous purveyors of free market manipulation and blame the government. I hope that makes you sleep more soundly at night.
Indict Cramer and everyone that manipulates the market! How can anyone allow these guys to do this! They are making fun of the SEC, manipulatring CNBC reporters and the general public.
Indict Cramer and everyone that manipulates the market! How can anyone allow these guys to do this! They are making fun of the SEC, manipulatring CNBC reporters and the general public.
John Stewart told Cramer what a lot of people have been thinking.. When Rick screamed about bailing out homeowners it showed How OUT OF TOUCH HE IS WITH REAL WORLD.. I watch CNBC a lot and they act like the good all boys club..acting like people are crazy and they are with all their friends trying to make a GOOD SPIN on how their Friends sent this country into the MESSSSSS.. Thank God we had John getting into their face
John Stewart told Cramer what a lot of people have been thinking.. When Rick screamed about bailing out homeowners it showed How OUT OF TOUCH HE IS WITH REAL WORLD.. I watch CNBC a lot and they act like the good all boys club..acting like people are crazy and they are with all their friends trying to make a GOOD SPIN on how their Friends sent this country into the MESSSSSS.. Thank God we had John getting into their face
For those like myself and my wife who play long, this is tantamount to an admission of theft. Now, I really like Jim Cramer, and I recognize that he's not the problem. In fact, I am grateful to him for making this information public.
But there's just NO DOUBT that a lot of people have ripped me and mine off (along with a lot of other long players) in order to make themselves some bucks. And frankly, that makes them, simply, thieves.
The RepubliCAN'T Party has a lot to answer for, as far as I'm concerned, and not the least is the hugely pro-business, anti-consumer bias that ripped away regulations that might have stymied some of these "shenanigans", as John Stewart calls them.
That makes it doubly sad that, to date, it's "business as usual" with these characters in the Party of No.
For those like myself and my wife who play long, this is tantamount to an admission of theft. Now, I really like Jim Cramer, and I recognize that he's not the problem. In fact, I am grateful to him for making this information public.
But there's just NO DOUBT that a lot of people have ripped me and mine off (along with a lot of other long players) in order to make themselves some bucks. And frankly, that makes them, simply, thieves.
The RepubliCAN'T Party has a lot to answer for, as far as I'm concerned, and not the least is the hugely pro-business, anti-consumer bias that ripped away regulations that might have stymied some of these "shenanigans", as John Stewart calls them.
That makes it doubly sad that, to date, it's "business as usual" with these characters in the Party of No.
Lost in all this is SANTELLI. He PERSONALLY started this by calling out all mortgage owners as losers! He then compounded it by then canceling his interview on the Daily Show to answer for it.
That's what really started Daily Show's coverage of how the ORACLES (such as Santelli) of CNBC had been over-leveraging the "positives" of the market all this time.
The real loser here is Santelli — hinding behind CNBC and Cramer.
, and then cancelling on the Daily Show w