He’s making a serious critique at CNBC and Cramer?
If this is a serious critique, its really flawed. We have to rehash the same argument again. Again, who would blame CNBC and Cramer for this economic crisis? Why single them out? I don’t consider that a serious critique. I consider that a ratings play.
Cramer is an easy target. He made bad stock picks on TV. Stewart got him on the show to humiliate him, and he did it. So what? That doesn’t mean he has a serious critique of anything. That doesn’t mean that Stewart knows anything about investing or how the market works.
All he knows is that Cramer was wrong…and Stewart is quick enough and witty enough and funny enough to blast Cramer into the ground.