Movies and TV Jon Stewart vs. Jim Cramer - Page 8

**KcMizzou** · 03-11-2009, 06:15 PM

bdeg · 03-24-2009, 09:18 PM

im so pissed i was late on this

Silock · 03-24-2009, 11:22 PM

Quote:

Originally Posted by bdeg

If you believe Stewart he's a cog in the CNBC machine.. I do 100% believe he had his own agenda with at least SOME of the advice he gave out. When stocks drop because of people like him, some common investors sell. They incur a loss, which ultimately he recoups.

Why would he have his own agenda if he doesn't personally own stocks? That makes no sense.

Silock · 03-24-2009, 11:22 PM

Quote:

Originally Posted by BigRedChief

uhhh because everyone was making money during the fake bubble of the last 10 years?

He's been around far longer than 10 years.

bdeg · 03-24-2009, 11:23 PM

Quote:

Originally Posted by bdeg

Is this true? Verifiable? I don't know if I can believe it, maybe he invests more money under a false identity

I didn't know that. Are you sure?

Silock · 03-24-2009, 11:23 PM

Quote:

Originally Posted by bdeg

Is this true? Verifiable? I don't know if I can believe it, maybe he invests more money under a false identity

Yes, it's true.

I suppose you could go sift through his trash if you're really desperate.

You think he doesn't get enough money from CNBC and his book sales? Or that he doesn't ALREADY have more than enough money from his days on Wall Street and managing a hedge fund?

bdeg · 03-24-2009, 11:25 PM

And if that's true, then you go back to Stewart's argument that Cramer is just a part of CNBC's plan. Who's to say the people at the top of that food chain didn't manipulate the markets through him? If you had a ton of the money on the markets, the knowledge to exploit them, and him at your disposal could you help yourself? The clip where he recommends manipulating the markets is all I need to hear to know anyone associated with him shouldn't be automatically trusted.

Silock · 03-24-2009, 11:27 PM

Quote:

Originally Posted by bdeg

And if that's true, then you go back to Stewart's argument that Cramer is just a part of CNBC's plan. Who's to say the people at the top of that food chain didn't manipulate the markets through him? If you had a ton of the money on the markets, the knowledge to exploit them, and him at your disposal could you help yourself?

Because it's not the common investors that were manipulating the market. Do you SERIOUSLY believe that the pithy amounts that people like you and I invest are enough to make the mega-moves in the market that were occurring in Sept-Oct? Influence, perhaps. Actually move to that extent? **** no.

And GE wasn't doing so hot through all of this, either. So it's not as if CNBC was making money for its parent company.

bdeg · 03-24-2009, 11:35 PM

I'm not saying we were manipulating them, I'm saying we were being manipulated.

He was given the power to affect a small but significant amount of people and when they bought and sold stocks. He had the knowledge to exploit that. By creating a perception that a stock was about to tank, he would raise the likelihood that it would. At least a small dip. Maybe someone wanted it undervalued so they could buy it at a cheaper price. Any # of reasons.

I'm just blaming him for blowing the bubble bigger while skimming I suppose

Silock · 03-24-2009, 11:44 PM

"A small but significant amount of people." What does that even mean? You really think that the major players on Wall Street with all the power and cash REALLY need Cramer to do grunt work for them? I think it's pretty obvious that they don't.

As much as people like to hate on Cramer, he was calling the failing bank stocks months before the shit hit the fan. Yet, he gets no credit for that. Or for saving people money by telling them to get their money out before the stock market REALLY tanked.

With respect, I know that you're angry, but I don't think you know what you're talking about when it comes to Cramer. Sure, the guy makes mistakes. Name any person in the world that doesn't. But it's ultimately up to the individual investor to do their own homework when investing on their own or with a broker (who will also make gigantic mistakes). There is a lot of anger about this floating around, but I think it's being incredibly unfairly directed at Cramer.

bdeg · 03-24-2009, 11:46 PM

And the biggest problem with this is the loss caused by the imperfect information he's spreading. Let's say your stock has been down 5 points, he says DUMP, you dump, it recovers. Why did it recover? Was it ever really bad? Maybe you just got swindled for the margin. It's possible

What about Bear Stearns?

Anyway my money is mostly in mutual funds and bonds so this really doesn't affect me, just loved the interview.

DISCLAIMER: I don't know that much about the markets, let alone Cramer. I'm kinda taking the Jon Stewart perspective.

bdeg · 03-24-2009, 11:49 PM

Quote:

Originally Posted by Silock

"A small but significant amount of people." What does that even mean? You really think that the major players on Wall Street with all the power and cash REALLY need Cramer to do grunt work for them? I think it's pretty obvious that they don't.

All it means is the collective of everyone watching his show. He has influence over some people, and their decisions all put together MIGHT make a difference.

Silock · 03-24-2009, 11:52 PM

Quote:

Originally Posted by bdeg

All it means is the collective of everyone watching his show. He has influence over some people, and their decisions all put together MIGHT make a difference.

Maybe, but it's not even close to enough to manipulate the stock market. There's just not enough power there.

Silock · 03-24-2009, 11:56 PM

Quote:

Originally Posted by bdeg

And the biggest problem with this is the loss caused by the imperfect information he's spreading. Let's say your stock has been down 5 points, he says DUMP, you dump, it recovers. Why did it recover? Was it ever really bad? Maybe you just got swindled for the margin. It's possible

Cramer doesn't dump stocks because the prices go down. Cramer says sell when the fundamentals are bad, which is a difference. He routinely recommends stocks that are down. And he still sells the stock himself after he puts out a sell recommendation, but he waits one week, the same as when he recommends buying (which has both pros and cons).

Again, though, he doesn't own personal stocks, so where is the motive?

Quote:

What about Bear Stearns?

He got it wrong. Big whoop. LOTS of people did. Not just Cramer.

Quote:

DISCLAIMER: I don't know that much about the markets, let alone Cramer.

I'm not trying to insult you here, but it really shows. IMO, if you're going to do as much bashing about something as you are, you should probably do some homework on it. It doesn't bother me at all if you come to a different conclusion than me, but you could at least educate yourself about it before you do.

bdeg · 03-24-2009, 11:59 PM

Quote:

Originally Posted by Silock

Maybe, but it's not even close to enough to manipulate the stock market. There's just not enough power there.

Then why does Cramer claim to do it and recommend doing it when speaking "not on tv"

Silock · 03-25-2009, 12:00 AM

Quote:

Originally Posted by bdeg

Then why does Cramer claim to do it and recommend doing it when speaking "not on tv"

I don't know what you mean. Can you clarify?

03-11-2009, 06:15 PM
KcMizzou Supporter Join Date: Sep 2002 Location: Parkville MO Casino cash: $10005170	Jon Stewart vs. Jim Cramer The Daily Show With Jon StewartM - Th 11p / 10c Basic Cable Personality Clash Skirmish '09 Daily Show Full Episodes Important Things With Demetri Martin Political Humor Economic Crisis
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03-24-2009, 09:18 PM	#106
bdeg Veteran Join Date: Aug 2006 Location: iowa Casino cash: $10004900	im so pissed i was late on this
Posts: 2,987

03-24-2009, 11:25 PM	#111
bdeg Veteran Join Date: Aug 2006 Location: iowa Casino cash: $10004900	And if that's true, then you go back to Stewart's argument that Cramer is just a part of CNBC's plan. Who's to say the people at the top of that food chain didn't manipulate the markets through him? If you had a ton of the money on the markets, the knowledge to exploit them, and him at your disposal could you help yourself? The clip where he recommends manipulating the markets is all I need to hear to know anyone associated with him shouldn't be automatically trusted.
Posts: 2,987

03-24-2009, 11:35 PM	#113
bdeg Veteran Join Date: Aug 2006 Location: iowa Casino cash: $10004900	I'm not saying we were manipulating them, I'm saying we were being manipulated. He was given the power to affect a small but significant amount of people and when they bought and sold stocks. He had the knowledge to exploit that. By creating a perception that a stock was about to tank, he would raise the likelihood that it would. At least a small dip. Maybe someone wanted it undervalued so they could buy it at a cheaper price. Any # of reasons. I'm just blaming him for blowing the bubble bigger while skimming I suppose
Posts: 2,987

03-24-2009, 11:44 PM	#114
Silock MVP Join Date: Dec 2006 Location: Overland Park Casino cash: $10020882	"A small but significant amount of people." What does that even mean? You really think that the major players on Wall Street with all the power and cash REALLY need Cramer to do grunt work for them? I think it's pretty obvious that they don't. As much as people like to hate on Cramer, he was calling the failing bank stocks months before the shit hit the fan. Yet, he gets no credit for that. Or for saving people money by telling them to get their money out before the stock market REALLY tanked. With respect, I know that you're angry, but I don't think you know what you're talking about when it comes to Cramer. Sure, the guy makes mistakes. Name any person in the world that doesn't. But it's ultimately up to the individual investor to do their own homework when investing on their own or with a broker (who will also make gigantic mistakes). There is a lot of anger about this floating around, but I think it's being incredibly unfairly directed at Cramer.
Posts: 19,908

03-24-2009, 11:46 PM	#115
bdeg Veteran Join Date: Aug 2006 Location: iowa Casino cash: $10004900	And the biggest problem with this is the loss caused by the imperfect information he's spreading. Let's say your stock has been down 5 points, he says DUMP, you dump, it recovers. Why did it recover? Was it ever really bad? Maybe you just got swindled for the margin. It's possible What about Bear Stearns? Anyway my money is mostly in mutual funds and bonds so this really doesn't affect me, just loved the interview. DISCLAIMER: I don't know that much about the markets, let alone Cramer. I'm kinda taking the Jon Stewart perspective.
Posts: 2,987