Jon Stewart vs. Jim Cramer

[KcMizzou]

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[wutamess]

Originally Posted by eazyb81

Are you seriously comparing stealing $50 billion dollars through a decade plus hoax to being wrong on a few stock picks? That's one of the most stunningly stupid quotes I've ever seen on here.

Behind closed doors? It was an interview on his free website. Anyways, that's not the reason Stewart even had him on. It was to put a face on his CNBC attack, and Cramer apparently decided it was better to just sit back and take it rather than fight back and look even more like a rich Wall Street fat cat that normal people demonize.

So would it be better for the public to not have access to his show, including his opinions and updates on stocks, interviews with company management, discussion of trends in the market, etc?

Since he's wrong occassionally and you think he should be off the air, we might as well get rid of WSJ, Barrons, CNBC, Bloomberg, Fortune, Money, etc.

Are you really arguing that the public would be better served if these outlets were no longer around, thus putting retail investors even more in the dark?

Well considering he's trusted to be IN THE KNOW... Maybe with his Bear Stearns, Citi and AIG stock picks he told people to buy right before they went under, people may have lost $50B? (worded badly but you get my point).

And yes... I'd rather do away with his show altogether if he's going to be a freaking gimmick that relies on CEO talk rather than DD & research. Other shows seem to have more credibility anyways. So no, they get a pass unless they use the same tactics.

Yes it was "behind closed doors" as he said he would never admit that stuff to the public. Then he tried to cover it up saying that he didn't do that but JS quickly went on to the next scene so asshat before asshat could bury himself even futher.

It was good Cramer or he could've made it worse on himself.

[BigRedChief]

Originally Posted by eazyb81

Ugh, last night was awful.

Stewart tries too hard and Cramer completely pussed out by not really defending himself.

So it wasn't a full mockery of hypocrites night. It was still pretty cool.

[OmahaChief]

No one forced any of the mindless sheep to invest in any of Kramer's recommeded stocks or funds. They chose to take his advice and make the move. There are plenty of Americans that took advice of friends or family they "thought" were well versed in the market. Those same people's investments tanked. Personally, I do not think Kramer has an repsonibility for their losses. It is too typical in American to want to blame our mistakes on somene else. Step up and just admit you should have never made that investment becuase outside of listening to a talking head you did no other reseach and now you are in the hurtlocker.

Bunch fo whining babies that want to complain about this crap. I listen to his show from time to time and any stock he recommends I research on my own and then make my decision on the combined info. It really is not that hard to read and understand the financial statements and see if there are problems with a company. There is plenty of info available if one wants to look.

[wutamess]

Originally Posted by OmahaChief

It really is not that hard to read and understand the financial statements and see if there are problems with a company. There is plenty of info available if one wants to look.

Isn't that what Cramer is to have done for you
I don't even watch the show I'm just speaking on the avg Joe Blow that might take his words as QFT.

[OmahaChief]

Originally Posted by wutamess

Isn't that what Cramer is to have done for you
I don't even watch the show I'm just speaking on the avg Joe Blow that might take his words as QFT.

He does look at that kind of info but if you ask 5 financial advisors to look at a company balance sheet you are apt to get at least 3 different opinions. I analyze financial statements for my company when a customer needs a large line of credit. I have learned that depending on a person’s risk profile the interpretation of the can be different. Out CFO many times has a slightly differing opinion than what I bring to the table. Both are equally valid we just have a different interpretation. Some people value net equity while another might value the P/E ratio or the if a company is paying dividends. What I am saying is that no one person will be right all the time and it could be in part due to their values or innate risk tolerance.

[wutamess]

Originally Posted by OmahaChief

He does look at that kind of info but if you ask 5 financial advisors to look at a company balance sheet you are apt to get at least 3 different opinions. I analyze financial statements for my company when a customer needs a large line of credit. I have learned that depending on a person’s risk profile the interpretation of the can be different. Out CFO many times has a slightly differing opinion than what I bring to the table. Both are equally valid we just have a different interpretation. Some people value net equity while another might value the P/E ratio or the if a company is paying dividends. What I am saying is that no one person will be right all the time and it could be in part due to their values or innate risk tolerance.

None can be expected to be right all the time but to take a CEO's interview as your primary research basis takes you out of the expert category. Especially considering the CEO knows the same thing you do on how to manipulate the market.

What CEO would get on there and say "we're going to stink it up this year?"

That's my point.

[eazyb81]

Originally Posted by wutamess

None can be expected to be right all the time but to take a CEO's interview as your primary research basis takes you out of the expert category. Especially considering the CEO knows the same thing you do on how to manipulate the market.

What CEO would get on there and say "we're going to stink it up this year?"

That's my point.

WTF are you talking about? What makes you think he or anyone else is just talking to a CEO to form their opinion on a stock?

If you think Cramer doesn't do stock research you are a fool. He routinely discusses revenues, profit forecasts, contracts, margins, competitors, etc. Discussions with mgmt are in addition to fundamental research, just like it is for people actually in the industry.

You obviously are just talking out of your ass at this point.

[wutamess]

Originally Posted by eazyb81

WTF are you talking about? What makes you think he or anyone else is just talking to a CEO to form their opinion on a stock?

If you think Cramer doesn't do stock research you are a fool. He routinely discusses revenues, profit forecasts, contracts, margins, competitors, etc. Discussions with mgmt are in addition to fundamental research, just like it is for people actually in the industry.

You obviously are just talking out of your ass at this point.

I didn't say he doesn't do DD. Just apparently not enough of it. Letting his emotions get in the way.

Furthermore, are you ing Cramer (NTTAWWT)? Why are you defending him so blindly when the man has footage of him basically admitting he fudged HIS Followers and how he's done it in the past?

[eazyb81]

Originally Posted by wutamess

I didn't say he doesn't do DD. Just apparently not enough of it. Letting his emotions get in the way.

If you admit he does "DD" (i'm not convinced you even know what that is), then why do you continue to say he just talks to CEOs?

This was your last brilliant quote:

None can be expected to be right all the time but to take a CEO's interview as your primary research basis takes you out of the expert category. Especially considering the CEO knows the same thing you do on how to manipulate the market.

What CEO would get on there and say "we're going to stink it up this year?"

So know he DOES do fundamental research on companies? But he doesn't do "enough" because he still gets calls wrong on occasion? Interesting.

Furthermore, are you ing Cramer (NTTAWWT)?

Great comeback. Maybe next you'll say my mom smells or something.

Why are you defending him so blindly when the man has footage of him basically admitting he fudged HIS Followers and how he's done it in the past?

I'll defend anyone if they are getting undeservedly bashed. Cramer has a stock opinion show, and he gets some calls right and some calls wrong, just like every single person in the world.

Blaming him for anything in this mess - and comparing him to Madoff - is absolutely hilarious and backs up the point OmahaChief made about people in this country always looking for someone to blame.

[wutamess]

Like I said... I'm speaking of the avg Joe... I don't watch his show anymore.
If you want to argue even though you've been shown a video of the dumb stuff he's said/done then that's on you.
It's called holding him accountable. Not blame.

FWIW: Your mom's.

[OmahaChief]

Accountable for picking the wrong stocks or giving a wrong opinion...yes. Accountable for the people that listened to him blindly and lost all their money....no.

[wutamess]

Originally Posted by OmahaChief

Accountable for picking the wrong stocks or giving a wrong opinion...yes. Accountable for the people that listened to him blindly and lost all their money....no.

Accountable for using emotional attachment (to CEO's words) instead of DD and pumping a BUY BUY BUY to people who listen to him. He admits he made a mistake with his DD... why is it so hard for you guys to admit he made the mistake?

[OmahaChief]

Originally Posted by wutamess

Accountable for using emotional attachment (to CEO's words) instead of DD and pumping a BUY BUY BUY to people who listen to him. He admits he made a mistake with his DD... why is it so hard for you guys to admit he made the mistake?

I don't think you will find that I said he never made a mistake. What I have said all along is that the people that blindly followed him are the ones that should take some of that blame themselves. No one forced them into that choice. You seem pretty fired about about this, did Kramer cost you are a family member some serious money?

One thing I would caution you on with DD is that had you done that some DD on Enron before they tanked you would have thought they were a great company. At one of our professional seminars we were handed their financials (not knowing what company they were for) in the months before the collapse and everything looked solid. What we learned is sometimes even the best due dilligence can lead to mistakes. In that case they were cooking the books and who knew but non the less the DD proved to be wrong.

In the end it is the person that is making the decision to buy or sell that is the one that needs to take the fall not some scapegoat even if said scapegoat was wrong. Just as Kramer needs to be held accountable so do the persons making the decision to blindly take his advice.

[irishjayhawk]

Let me remind you, as Jon said last night (paraphrased): "You've become the face of this and that isn't fair. It's the network, reporting, industry; not you personally"

[Third Eye]

Originally Posted by OmahaChief

In the end it is the person that is making the decision to buy or sell that is the one that needs to take the fall not some scapegoat even if said scapegoat was wrong.

Yeah, I just don't see it that way. The people out there that make their decisions based on programs like Cramer's are morons. You can't blame morons for being morons, they just weren't born with the mental faculties. You can, however, take to task those that make their living knowingly manipulating the margin.