Jim Cramer gets Pounded by John Stewart on the Daily Show

[NotCranky]

“Believe Half of What You See, and None of What You Hear” It’s TV. That’s a hearing and seeing experience. Why would anyone seriously give a crap about these people’s views unless for some reason they found it entertaining? I believe Cramer has an almost legitimate out. It’s television.

[svelte]

great post sdgrrl

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great post sdgrrl

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[quote=SanDiegoDave] Stewart uses serious knocks and attacks for Republicans and kid glove jokes for Democrats. [/quote]

Whaaa? Jon is biased?

Yes, it is pretty obvious he is…but as he said in the clip that started this thread, at least his show is SOLD as Snake Oil, as opposed to CNBC, ABC, Fox whose news is sold as fair.

I get the news from the internet and Stewart…Stewart mostly for the comedic relief because if I didn’t laugh about this s**t I’d cry.

[svelte]

[quote=SanDiegoDave] Stewart uses serious knocks and attacks for Republicans and kid glove jokes for Democrats. [/quote]

Whaaa? Jon is biased?

Yes, it is pretty obvious he is…but as he said in the clip that started this thread, at least his show is SOLD as Snake Oil, as opposed to CNBC, ABC, Fox whose news is sold as fair.

I get the news from the internet and Stewart…Stewart mostly for the comedic relief because if I didn’t laugh about this s**t I’d cry.

[svelte]

[quote=SanDiegoDave] Stewart uses serious knocks and attacks for Republicans and kid glove jokes for Democrats. [/quote]

Whaaa? Jon is biased?

Yes, it is pretty obvious he is…but as he said in the clip that started this thread, at least his show is SOLD as Snake Oil, as opposed to CNBC, ABC, Fox whose news is sold as fair.

I get the news from the internet and Stewart…Stewart mostly for the comedic relief because if I didn’t laugh about this s**t I’d cry.

[svelte]

[quote=SanDiegoDave] Stewart uses serious knocks and attacks for Republicans and kid glove jokes for Democrats. [/quote]

Whaaa? Jon is biased?

Yes, it is pretty obvious he is…but as he said in the clip that started this thread, at least his show is SOLD as Snake Oil, as opposed to CNBC, ABC, Fox whose news is sold as fair.

I get the news from the internet and Stewart…Stewart mostly for the comedic relief because if I didn’t laugh about this s**t I’d cry.

[svelte]

[quote=SanDiegoDave] Stewart uses serious knocks and attacks for Republicans and kid glove jokes for Democrats. [/quote]

Whaaa? Jon is biased?

Yes, it is pretty obvious he is…but as he said in the clip that started this thread, at least his show is SOLD as Snake Oil, as opposed to CNBC, ABC, Fox whose news is sold as fair.

I get the news from the internet and Stewart…Stewart mostly for the comedic relief because if I didn’t laugh about this s**t I’d cry.

[davelj]

[quote=sdgrrl]Did anybody catch Cramer talking about Bear Stearns and how he had spoken to to the top guys and how they were his friends and that they essentially promised him that all would be well. Cramer many times said over and over how close he was to these people; I think with one guy from BS he said he knew him for 20 years.
[/quote]

This isn’t your point, but it reminds me of one of Buffett’s great quotes: “With enough inside information and a million dollars you can go broke in a year.”

This is so true. Which is why I generically don’t have a problem with folks trading on inside information. Most inside information relates to M&A and probably half of all deals blow up in the last few days before the transaction is supposed to be announced (and folks acting on this information end up blowing themselves up). Inside information is probably the most overrated “advantage” in the financial markets. At the same time, I understand the need – from a “marketing” standpoint – for the exchanges to appear to be operating on a level playing field.

[davelj]

[quote=sdgrrl]Did anybody catch Cramer talking about Bear Stearns and how he had spoken to to the top guys and how they were his friends and that they essentially promised him that all would be well. Cramer many times said over and over how close he was to these people; I think with one guy from BS he said he knew him for 20 years.
[/quote]

This isn’t your point, but it reminds me of one of Buffett’s great quotes: “With enough inside information and a million dollars you can go broke in a year.”

This is so true. Which is why I generically don’t have a problem with folks trading on inside information. Most inside information relates to M&A and probably half of all deals blow up in the last few days before the transaction is supposed to be announced (and folks acting on this information end up blowing themselves up). Inside information is probably the most overrated “advantage” in the financial markets. At the same time, I understand the need – from a “marketing” standpoint – for the exchanges to appear to be operating on a level playing field.

[davelj]

[quote=sdgrrl]Did anybody catch Cramer talking about Bear Stearns and how he had spoken to to the top guys and how they were his friends and that they essentially promised him that all would be well. Cramer many times said over and over how close he was to these people; I think with one guy from BS he said he knew him for 20 years.
[/quote]

This isn’t your point, but it reminds me of one of Buffett’s great quotes: “With enough inside information and a million dollars you can go broke in a year.”

This is so true. Which is why I generically don’t have a problem with folks trading on inside information. Most inside information relates to M&A and probably half of all deals blow up in the last few days before the transaction is supposed to be announced (and folks acting on this information end up blowing themselves up). Inside information is probably the most overrated “advantage” in the financial markets. At the same time, I understand the need – from a “marketing” standpoint – for the exchanges to appear to be operating on a level playing field.

[davelj]

[quote=sdgrrl]Did anybody catch Cramer talking about Bear Stearns and how he had spoken to to the top guys and how they were his friends and that they essentially promised him that all would be well. Cramer many times said over and over how close he was to these people; I think with one guy from BS he said he knew him for 20 years.
[/quote]

This isn’t your point, but it reminds me of one of Buffett’s great quotes: “With enough inside information and a million dollars you can go broke in a year.”

This is so true. Which is why I generically don’t have a problem with folks trading on inside information. Most inside information relates to M&A and probably half of all deals blow up in the last few days before the transaction is supposed to be announced (and folks acting on this information end up blowing themselves up). Inside information is probably the most overrated “advantage” in the financial markets. At the same time, I understand the need – from a “marketing” standpoint – for the exchanges to appear to be operating on a level playing field.

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