March 13, 2009
– Comments (7)
I know this is a funny video and very relevant. (I watched it last night). But can we refrain from posting this same video over and over today? This is the 3rd post about this video.
You guys should read other blogs before you post once in a while.
Cramer is an entertainer. He said so in the interview:"I'm trying to do an entertainment show about business."
His show serves the purpose of getting people excited about investing and he should not be looked at as serious journalist or reliable analyst, no matter how the show is portrayed by Cramer himself or its network. Cramer isn't a stock coach, but a stock cheerleader.
As little respect as I have for Cramer's analysis, I at least have to give him some credit for having the guts to do such a tough interview.
I see nothing funny about this. People are listening to these people and investing real money. How are the people who are honest suppose to invest with these people giving advice. They should be held responsible just like the crooks Cramer is talking about. He is choosing stocks everyday for people and he admits he's just a goof. #*$#&* Crammer. Crammer has no guts. He is just dumb. Reminds me of Bush and the old regime that was running our country. Just because they have money doesn't make them smart. They all cheat and feel no remorse. I got mine and I could care less for anyone else. The market is corrupt period and so is our government.
I'm sorry but if people are investing a huge percentage of their wealth based on what little rationale Cramer gives with his picks(from what little I've seen of his show) they are mostly responsible for the outcome.
You and I know better than to invest from what some yahoo says on TV. But they give people a sense of false hope or just outright lie and lead some less experienced traders down a dark hole. These people are not just reporting they are giving advice. They have CEO's on their shows and never say these guys may be as full of s^%^% as they are. At least tell it like it is.
Stop promoting themselves as a financial channel.
WARNING: We are for entertainment purposes only.
I am sure they do because they have lawyers and they always protect themselves. Average Joe or Joeleen may not know this.
The Stock Research Portal greatly enjoyed the Stewart-Cramer imbroglio – “View video and both laugh and cry!” he says – but cautions we should remember it is Jim “Cramer that is being interviewed, not the entire financial system of ‘financial advisors and pundits.’”
Via Stock Research Portal