Jon Stewart vs. Jim Cramer and CNBC

[StaySalty]

http://www.huffingtonpost.com/2009/03/12/jim-cramer-on-daily-show-_n_174503.html

If you haven't seen this (which is probably very few people) you have to. I was surprised not to see threads about it. Wow, it's really sad that we have to rely on a Comedy show to do decent journalism these days.

 

[StaySalty]

I didn't think the source mattered, but in case it does, here is the direct link.

thedailyshow.com

 

[JoyJuice]

http://www.huffingtonpost.com/2009/03/12/jim-cramer-on-daily-show-_n_174503.html

If you haven't seen this (which is probably very few people) you have to. I was surprised not to see threads about it. Wow, it's really sad that we have to rely on a Comedy show to do decent journalism these days.

You right it took a comedian to do some serious news to expose those Financial game show cons.

There was someone here touting Cramer as sound advice for the economy.

 

[Anovah]

The Daily Show does a lot of research I just don't see done elsewhere and he effectively decimated Cramer with footage from his own show.

 

[GodGunsAndGlory]

You right it took a comedian to do some serious news to expose those Financial game show cons.

There was someone here touting Cramer as sound advice for the economy.

So lets all predict that a corporation is flat out lying and hiding the facts and tell people to sell it, cause that is totally possible.

 

[IzzyPop]

'These days'? Try for the past 6 years, at least.

 

[kermit]

Does anyone else find it sad that one of the best investigative journalism teams works for Comedy Central?

 

[JoyJuice]

So lets all predict that a corporation is flat out lying and hiding the facts and tell people to sell it, cause that is totally possible.

Or let's say that a TV Financial Gameshow host puroposely manipulates advice for the sake of the Hedge fund they may be managing? Not only is that possible, it's on video. Insert Jim Cramer here. So if that is the case, one would have to ask how much collusion is there given these market shows? How willing are they to use their shows to manipulate buying decisions within the market?

 

[Gawron]

What I find interesting is that Cramer has been the air for quite some time and no-one cared or had much of anything to say. Suddenly he criticizes Obama (or as Oprah would say, The One), and all hell breaks loose.

Oh, but it is all just coincidence! Jon Stewart was planning this interview all along.......

...sure.

 

[JoyJuice]

What I find interesting is that Cramer has been the air for quite some time and no-one cared or had much of anything to say. Suddenly he criticizes Obama (or as Oprah would say, The One), and all hell breaks loose.

Oh, but there is no coincidence at all! Jon Stewart was planning this interview all along.......sure.

I think it all started with Santelli doing the cherry picked rant, Cramer was just on the same team of absurdity.

....I'm just trying to figure out...well this guy explains it well..."Stewart's a comedian and Cramer is a showman," said Robert Howell, professor at Dartmouth University's Tuck School of Business. "If anybody takes seriously anything that (Cramer) says, they're stupid."

 

[HerbieHeadley]

What I find interesting is that Cramer has been the air for quite some time and no-one cared or had much of anything to say. Suddenly he criticizes Obama (or as Oprah would say, The One), and all hell breaks loose.

Oh, but it is all just coincidence! Jon Stewart was planning this interview all along.......

...sure.

Citizenship is not an entitlement program. It comes with responsibility.
There will be no criticiizm of our President!
No detractors, Net!
You have a responsibility to the government.
Are you between 18 and 25?
We have some social engineering we need to get done.

Yes we can!

 

[Allahuakbar]

What I find interesting is that Cramer has been the air for quite some time and no-one cared or had much of anything to say. Suddenly he criticizes Obama (or as Oprah would say, The One), and all hell breaks loose.

Oh, but it is all just coincidence! Jon Stewart was planning this interview all along.......

...sure.

How interesting, this is the same opinion voiced by Bill O'Reilly last night. Did you have this idea on your own or are you simple repeating what Mr. O'Reilly said?

If you arrived at this opinion on your own, where is your evidence? What did Mr. Cramer say about President Obama? When? What is the correlation?

Mr. O'Reilly was creating a "post hoc ergo propter hoc" argument, and in using his argument (without attribution) you have committed the same. It is explained here...

http://en.wikipedia.org/wiki/Post_hoc_ergo_propter_hoc

One thing of note about this fallacy, it is usually based on nothing but chronological coincidence. There is rarely any real evidence linking the two events other than chronological coincidence.

You have used this fallacy multiple times recently, and in each case you have failed to provide supporting evidence. In this case where is your evidence? Was this your original thought to begin with, or were you borrowing from another source, and if so, which source?

 

[WalksWithChrist]

Cramer's (who I really don't pay attention to in the first place...) defense of this was laughable.

And I laughed.


It's not that me made a huge mistake. It's that he kept making it and then tried to side-step when he got called out.
If he'd "manned up" from the get go...Stewart wouldn't have a bone to chew on.

 

[DaisyDay]

Citizenship is not an entitlement program. It comes with responsibility.
There will be no criticiizm of our President!
No detractors, Net!
You have a responsibility to the government.
Are you between 18 and 25?
We have some social engineering we need to get done.

Yes we can!

So, Cramer & O'Reilly are allowed to have opinions but Stewart is not?

 

[GodGunsAndGlory]

Or let's say that a TV Financial Gameshow host puroposely manipulates advice for the sake of the Hedge fund they may be managing? Not only is that possible, it's on video. Insert Jim Cramer here. So if that is the case, one would have to ask how much collusion is there given these market shows? How willing are they to use their shows to manipulate buying decisions within the market?

I suggest you actually watch Mad Money for once and not go off what the media shows about him. Its wacky like 5 minutes max of the show and thats all that people know about it, his show is more about education and the wacky part is education, he's telling people what he thinks about their portfolio and its amazing though, if you are wrong it gets held against you.

 

[DaisyDay]

I suggest you actually watch Mad Money for once and not go off what the media shows about him. Its wacky like 5 minutes max of the show and thats all that people know about it, his show is more about education and the wacky part is education, he's telling people what he thinks about their portfolio and its amazing though, if you are wrong it gets held against you.

The thing is that when he's wrong he pretends he wasn't. He's disingenuous.

 

[Allahuakbar]

I suggest you actually watch Mad Money for once and not go off what the media shows about him. Its wacky like 5 minutes max of the show and thats all that people know about it, his show is more about education and the wacky part is education, he's telling people what he thinks about their portfolio and its amazing though, if you are wrong it gets held against you.

The problem you have here is Mr. Cramer admits he made significant errors. If you watch the interview he admits to his mistakes. You do not need to listen to the media shows. Did you actually see the interview?

 

[rambot]

I suggest you actually watch Mad Money for once and not go off what the media shows about him. Its wacky like 5 minutes max of the show and thats all that people know about it, his show is more about education and the wacky part is education, he's telling people what he thinks about their portfolio and its amazing though, if you are wrong it gets held against you.

1) Off, if you watch the beginning of a nature documentary, you don't see Gimby and Hatah-boot the clowns being zany. You see pictures and hear information that doesn't discredit your intelligence. Why can't shows about money do the same?
2) Jon's criticism was also pointed at the current market trading systems in place.
3) This isn't a matter of him being wrong. It's about one person losing 20% of their savings. No, it's about ALLLLL those people losing 20% of the retirement savings they had. And then, it's about all those guys getting angry.

That's what it is about.

I like how Jon gets a bee in his bonnet about something and he talks about it. One cannot dispute his knowledge on the subject matter. He's clever as anything. He is entertaining. And he makes it very clear that his show has no pretensions. It's a comedy show; entertainment. It is not "The Truth".

Yes, he leans left. That's why he doesn't claim to be the truth.

The very very short lived right wing version of the daily show (anyone ever see that? There were a couple jokes that made me laugh but quite a few where I thought, "People in 2009 would find this funny?"

 

[JoyJuice]

I suggest you actually watch Mad Money for once and not go off what the media shows about him. Its wacky like 5 minutes max of the show and thats all that people know about it, his show is more about education and the wacky part is education, he's telling people what he thinks about their portfolio and its amazing though, if you are wrong it gets held against you.

What makes you think I haven't seen the show? It's not the "wacky" part of the show that is at issue, it's the part when he's giving serious part. The part that is supposed to be "unbaised" advice without purposely trying to influence buying to benefit those who he is suggested bought or sold.

 

[HerbieHeadley]

The problem you have here is Mr. Cramer admits he made significant errors. If you watch the interview he admits to his mistakes. You do not need to listen to the media shows. Did you actually see the interview?

Cramer also says, that if anyone in his line of work tells you they are right all the time and don't make bad calls, they are being less than truthful.