Jim Cramer gets Pounded by John Stewart on the Daily Show

[gandalf]

I do agree Stewart and Colbert ‘lean left’, at least after the Bush years. But on this CNBC thing, Stewart is pretty squarely focused on bogus financial news ‘personalities’ and the ridiculous drivel they pass off as ‘news’…

I’ve got a ‘mixed’ take on Obama so far. I don’t like Geithner or Sumners. Response to crisis has been too ‘establishment’, propping up the bezzle. But I think the GOP response has been worse. So it’s basically, same as it ever was.

[Allan from Fallbrook]

Dave: No disagreement with anything you said, but I was focusing more on Cramer’s mentality (i.e. a trader versus investor) than on his actual losses.

Much like some of the posters on this board who tout their “investment” acumen and then go on to discuss their “investment” strategies and those strategies are nothing more than short-term, marketing driven momentum bets than anything else.

You spend more than an hour watching CNBC and you realize that there are no investment strategies being divulged, it’s simply a group of shills touting whatever is hot that day.

Had Cramer had anything approximating a true investor’s background, you can guarantee that he would never, ever have been on television less than a week before Bear Stearns went under telling people that the company was fine. A cursory glance at their trading positions, how overleveraged they were and the counter party demands all showed a company in extremis.

[Allan from Fallbrook]

Dave: No disagreement with anything you said, but I was focusing more on Cramer’s mentality (i.e. a trader versus investor) than on his actual losses.

Much like some of the posters on this board who tout their “investment” acumen and then go on to discuss their “investment” strategies and those strategies are nothing more than short-term, marketing driven momentum bets than anything else.

You spend more than an hour watching CNBC and you realize that there are no investment strategies being divulged, it’s simply a group of shills touting whatever is hot that day.

Had Cramer had anything approximating a true investor’s background, you can guarantee that he would never, ever have been on television less than a week before Bear Stearns went under telling people that the company was fine. A cursory glance at their trading positions, how overleveraged they were and the counter party demands all showed a company in extremis.

[Allan from Fallbrook]

Dave: No disagreement with anything you said, but I was focusing more on Cramer’s mentality (i.e. a trader versus investor) than on his actual losses.

Much like some of the posters on this board who tout their “investment” acumen and then go on to discuss their “investment” strategies and those strategies are nothing more than short-term, marketing driven momentum bets than anything else.

You spend more than an hour watching CNBC and you realize that there are no investment strategies being divulged, it’s simply a group of shills touting whatever is hot that day.

Had Cramer had anything approximating a true investor’s background, you can guarantee that he would never, ever have been on television less than a week before Bear Stearns went under telling people that the company was fine. A cursory glance at their trading positions, how overleveraged they were and the counter party demands all showed a company in extremis.

[Allan from Fallbrook]

Dave: No disagreement with anything you said, but I was focusing more on Cramer’s mentality (i.e. a trader versus investor) than on his actual losses.

Much like some of the posters on this board who tout their “investment” acumen and then go on to discuss their “investment” strategies and those strategies are nothing more than short-term, marketing driven momentum bets than anything else.

You spend more than an hour watching CNBC and you realize that there are no investment strategies being divulged, it’s simply a group of shills touting whatever is hot that day.

Had Cramer had anything approximating a true investor’s background, you can guarantee that he would never, ever have been on television less than a week before Bear Stearns went under telling people that the company was fine. A cursory glance at their trading positions, how overleveraged they were and the counter party demands all showed a company in extremis.

[Allan from Fallbrook]

Dave: No disagreement with anything you said, but I was focusing more on Cramer’s mentality (i.e. a trader versus investor) than on his actual losses.

Much like some of the posters on this board who tout their “investment” acumen and then go on to discuss their “investment” strategies and those strategies are nothing more than short-term, marketing driven momentum bets than anything else.

You spend more than an hour watching CNBC and you realize that there are no investment strategies being divulged, it’s simply a group of shills touting whatever is hot that day.

Had Cramer had anything approximating a true investor’s background, you can guarantee that he would never, ever have been on television less than a week before Bear Stearns went under telling people that the company was fine. A cursory glance at their trading positions, how overleveraged they were and the counter party demands all showed a company in extremis.

[Allan from Fallbrook]

Gandalf: I completely agree with you on the GOP. They’ve gone well beyond the politics of opposition and are now being simply obstructionist for the purpose of being obstructionist.

When a oafish buffoon like Rush Limbaugh becomes the de facto leader of the GOP, you know something is seriously wrong. Unless and until the GOP decides to find it’s way back to true conservative values and jettison the right wing whackos like Limbaugh, and Palin and the evangelicals, well, they’ll remain a party on the sidelines and justifiably so.

[Allan from Fallbrook]

Gandalf: I completely agree with you on the GOP. They’ve gone well beyond the politics of opposition and are now being simply obstructionist for the purpose of being obstructionist.

When a oafish buffoon like Rush Limbaugh becomes the de facto leader of the GOP, you know something is seriously wrong. Unless and until the GOP decides to find it’s way back to true conservative values and jettison the right wing whackos like Limbaugh, and Palin and the evangelicals, well, they’ll remain a party on the sidelines and justifiably so.

[Allan from Fallbrook]

Gandalf: I completely agree with you on the GOP. They’ve gone well beyond the politics of opposition and are now being simply obstructionist for the purpose of being obstructionist.

When a oafish buffoon like Rush Limbaugh becomes the de facto leader of the GOP, you know something is seriously wrong. Unless and until the GOP decides to find it’s way back to true conservative values and jettison the right wing whackos like Limbaugh, and Palin and the evangelicals, well, they’ll remain a party on the sidelines and justifiably so.

[Allan from Fallbrook]

Gandalf: I completely agree with you on the GOP. They’ve gone well beyond the politics of opposition and are now being simply obstructionist for the purpose of being obstructionist.

When a oafish buffoon like Rush Limbaugh becomes the de facto leader of the GOP, you know something is seriously wrong. Unless and until the GOP decides to find it’s way back to true conservative values and jettison the right wing whackos like Limbaugh, and Palin and the evangelicals, well, they’ll remain a party on the sidelines and justifiably so.

[Allan from Fallbrook]

Gandalf: I completely agree with you on the GOP. They’ve gone well beyond the politics of opposition and are now being simply obstructionist for the purpose of being obstructionist.

When a oafish buffoon like Rush Limbaugh becomes the de facto leader of the GOP, you know something is seriously wrong. Unless and until the GOP decides to find it’s way back to true conservative values and jettison the right wing whackos like Limbaugh, and Palin and the evangelicals, well, they’ll remain a party on the sidelines and justifiably so.

[gandalf]

I hope the GOP regains their senses, serve as a check-and-balance on Dem rule. We need everyone at the table — with all their faculties and for the right reasons. Unfortunately, republicans are just lost at sea right now.

Thread-jack, anybody buying gold these days? Currency concerns?

[gandalf]

I hope the GOP regains their senses, serve as a check-and-balance on Dem rule. We need everyone at the table — with all their faculties and for the right reasons. Unfortunately, republicans are just lost at sea right now.

Thread-jack, anybody buying gold these days? Currency concerns?

[gandalf]

I hope the GOP regains their senses, serve as a check-and-balance on Dem rule. We need everyone at the table — with all their faculties and for the right reasons. Unfortunately, republicans are just lost at sea right now.

Thread-jack, anybody buying gold these days? Currency concerns?

[gandalf]

I hope the GOP regains their senses, serve as a check-and-balance on Dem rule. We need everyone at the table — with all their faculties and for the right reasons. Unfortunately, republicans are just lost at sea right now.

Thread-jack, anybody buying gold these days? Currency concerns?

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