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"Objects having mass exert a gravitational force proportional to its mass and inversely proportional to the distance between it and the object it is exerting its force upon." Blisteringly unoriginal. Not in the least untrue. |
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Jon has all sorts of observations on how other people are doing things wrong, Begala and Carlson don't debate the right way, Cramer doesn't talk about finances the right way, Jimmy Dean puts too many chocolate chips in their pancake on a stick. But he's got nothing to offer beyond "you're doing it wrong and you're a dick." |
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I don't know how much more clear Stewart could have been in his excoriation of "Crossfire".
He didn't say they were debating wrong, he said that they weren't debating at all, and that they didn't have an honest exchange of ideas or a civilized discourse because everything turned into yelling talking points and not analyzing the strengths and weaknesses of their relative positions. Moreover, due to the emptiness of these constructed "debates" politicians could use a forum like Crossfire to disseminate more talking points without having to answer an honest question due to the dissolution of true Q&A and give and take, which is why he said they were tools of the pols, because people need a forum like Crossfire to "hold people's feet to the fire" and Crossfire was just theater. |
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You want to be an entertainer, act like one? Then call yourself one. |
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My whole point is this is a non issue if the economy doesn't collapse. I could give two squirts about a TV personality and his bad stock picks. I want some form of justice for those responsible for the collapse of the economy. I'm pretty sure some questionable practices were taking place for years that lead to this. Whatever those practices were they need to get them reined in and punish people for stealing the public's money. I'm ranting now about things I only half-way understand, but it seems to me that these problems can be traced back to actual PEOPLE doing bad things. Please, by all means respectfully correct me if I'm wrong. As much as I like to watch Jon Stewart bat around mice, CNBC is likely not guilty of anything more than incompetence. |
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Do you have any rebuttal to what I said? No? Didnt think so. |
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I said there are a lot of valid points to be made against CNBC. And I said if Stewart really cared about any of it, he wouldnt have been completely silent on the issue until some CNBC names started questioning Obama. Try reading, then responding. In that order. It may help. |
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Companies' financial reports are available via quick google searches, or if you're like me, via a link on my etrade account. |
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From the March 17, 2008, edition of Comedy Central's The Daily Show with Jon Stewart: STEWART: It went from $60 a share to $2 a share in a few days. I mean, let me see if I can break this down for you. Let's say you had $60, and then after a night out, you had enough only for subway fare home. Now take away the night out. But, of course, obviously, someone like me, someone like you, we're not going to see this kind of disaster coming. That's what these financial shows are for. Right, there, Jim Cramer, last Tuesday? CRAMER [video clip]: Peter writes, "Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?" No, no, no. STEWART: Well, that could mean anything. Perhaps we should give Mr. Cramer a chance to explain the subtlety of his position. CRAMER [video clip]: No, no, no. Bear Stearns is fine. Do not take your money out. This is -- look, if there's one takeaway other than a plus 400 [inaudible] -- Bear Stearns is not in trouble. I mean, if anything, they are more likely to be taken over. Don't move your money from Bear. That's just being silly. Don't be silly. STEWART: I love the way Jim Cramer breaks down really complex financial issues into ones that are wrong. By the way, you may want to join Jim Cramer on his new show, No Matter How Good I Am At This Over The Next 10 Years, I Will Never Make Up The Amount Of Money I Blew For People Last Tuesday. Don't take your money out of Bear Stearns, it's only going to be worthless. |
If there is one thing I've learned in my studies and life experience (I'm a chartered financial analyst now), it's that unless you want to have a little fun and gamble with your money a little bit, it just doesn't pay to buy individual stocks. Over time, a huge percentage, like over 90%, of returns come not from stock selection, but from asset allocation. For example, how much you allocate to large cap stocks, small cap stocks, bonds, commodities, etc. makes a ton more difference than what stocks you pick.
Another interesting stat is that a large percentage of mutual funds that are not index funds underperform the index they are benchmarked to (S&P 500, Russell 2000, FTSE, etc.) over the long term. Some may outperform over short periods, but if you are keeping money in for the long-term, your better bet is Index funds a lot of the time. |
Cycling in and out of sectors = win
Not many people have the time and inclination to do that, though. |
Do any of you know the original quote from Rick Santelli that Jon Stewart played that set all this off?
<on the floor of Wall St.> "How many of you want to pay your neighbor's mortgage?" (Scattered Boos) The amount of hypocrisy it takes to make a statement like that after the government took taxpayer money to bail many of these folks out. Had they not stepped in, many people on that floor would have been ruined. Save me and it's alright, eff everyone else. Jim Cramer would have gotten off with just the clip on Monday's show being played but he had to cry and whine all over NBC's family of networks about it. NBC played it up for all it was worth and they ended up throwing Cramer to the wolves in the end. |
I'm pretty sure Rick Santelli didn't get bailed out, nor did many of the traders on the Chicago floor.
Also, Cramer took a lot of flack over the Bear Stearns thing, yet gets no credit for saving people tons of money by telling them to get out of the market when it was at 12,000 and about to tank. |
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