Fox Business Gunning for James Cramer

Via MediaBistro, we learn that Fox Business Network has bought ad space in the New York Times and the Wall Street Journal, poking fun at CNBC's Jim Cramer, and what he said about Bear Stearns (BSC), days before its collapse.

It's an embarrassing quote, but in all fairness to Cramer, he was advising the caller not to pull their account from Bear Stearns, and was not (as is implied by FBN) advising them to buy or keep BSC stock.

The tag line of the Fox advert is "Turbulent Times Call For A Credible Network."

Comments

[Tony Soprano]

Posted by mark mchugh, Mar 24 03:50 PM
Investing in a Post-Fact Society (a/k/a Were the Good Times a Mirage?)
seekingalpha.com/artic...


Tony –
I’ve really seen enough of your pseudo-patriotic drivel. When the powers that be use the flag to stuff their moral compasses in their rectums, decent people are outraged; jack-holes, like you, salute. Real Patriots seek justice first, and don’t look to pass their debts onto their grandkids. Cheerleading deficit spending and currency collapse to subsidize thieves and over-leveraged fools is about as American as Al-Qaeda wearing the stars and bars.

Yeah, I know, “50 years of investment experience”, yet here you are, frantically posting away, like a fifteen year-old girl on myspace.com. I think what you’ve really had is 6 months of experience, 100 times over. So tell us, brainiac, is this a bear market rally to dress up report card day (end of the quarter) or a true bottom? If you were any good, you’d already be out of the game, but your comments (and volume) reek of the desperation that comes from a bad balance sheet. Hoping for one more bubble to bail your sorry ass out. Maybe you’re hoping to unload some “investment” properties when things get better?

The only question I’ve really got for you is, are you an idiot who idolizes a fictitious crook or an idiot who’s name is actually Tony Soprano.

Your comments are only insightful in the vacuum between your ears. Inflict your “wisdom” elsewhere (the NAR could use some more shills). You are the disease, don’t try to pass yourself off as the cure.

[jcrash]

Hey, Um. Mr. Soprano, is it? You need to get a life.

[Tony Soprano]

Just give me your facts or ideas Mr jcrash. It's easy to talk trash.

Barry's followers rely on personal attacks and vulgarity when their anger takes control of their emotions.

Would you trust your money with people like this?

Good traders and investors keep their emotions under control.

[noguru]

Jim Cramer is is like one of them has been fellows that apears on TV because its his 'in-between-jobs' job. He reminds me of a baseball manager running onto the field and arguing every call at first base. Personally I find him a very good entertainer. When he speaks his mind its great. Would I ever take what he says seriously NEVER. Sure I'll keep watching in anticipation that one day he gets so mad his eyes pop out. Keep him in context ... he's an entertainer.

[fredman]

I don't have a problem with Jim Cramer, but like everyone else with a brain, I don't RELY on his every word as gospel.

You cannot blame HIM - there are folks every day that will love to sell you that awesome used car owned by a little old lady from Pasadena, folks selling lawsuits over prescription drug use, hell, look at the drug companies' own advertisements - I mean the disclaimers at the end of the sales pitch - 'take xxx to help cure bladder infections, but this may cause kidney cancer....'.

Meaning, Jim is not a whole lot different than any other financial talking head - the main thing I listen to him for is not INDIVIDUAL stock information - but SECTOR information.

And you have to give him credit for one thing - he's trying to instill in folks to buy long-term VALUE stocks, and not pumping up stocks that will disappear tomorrow.
That said, nobody is perfect - some things are out of his control - and out of OUR control.
Could ANY of you here forecasted the fall of Bear Stearns a week before it collapsed ? What about Enron ? Lucent ? MCI ? Nationwide ? Who is next ? SOMEBODY is...

The fact is, things go on behind the scenes of some companies, things that nobody is privvy to - even Cramer - until it is too late.

Don't invest what you cannot afford to lose, but if you must invest, spread it across several Mutual Funds.

[User 168566]

Don't buy mutual funds! Of course, this is my opinion, but the data seems to show that a very great majority of fund managers do not beat the indexes in the long run. This makes passive investing in index funds more appealing. Also, you will not have all those outrageous costs that are the case with mutual funds (i.e.: management fees, salaries, etc.) that swallow up the substandard returns. What really gets me is the investing of one mutual fund into other mutual funds, who in turn invest in other mutual funds. I was looking at the report from a RBC Mutual that my friend holds, and this was the case. And then those funds own other funds, even the beginning RBC one. Now we are realizing layers upon layers upon layers of fees. Maybe I should get into the fund managing business!

[fxtrader07]

hey Tony,
that guy mchugh hit the nail on its head. Actually i don't really understand why SA removed that comment. so thanks for reposting it.

[Emily]

Shame on Fox for not telling the whole story. It's easy to pick out words that someone says to suit your own agenda. I would heed Jim Cramer's words and advice any day rather than what Fox has to say. Fox has shown they are trash journalism at its best.

[Voice ofReason]

Fox anything is laughable. Cramer is doing what he loves... saying exactly what he wants to on HIS show. He's already made a pile of money, depending on who figures you use between 100-300M. Is he always right? Hell no, who is? What I like most about Cramer is he isn't afraid to tell it how he sees it which also isn't always right, but you got to admire a guy that's not afraid to butt heads or step on toes on tv, come hell or high water. We need more Cramers. Talking heads are a dime a dozen and full of... well hot air. Like him or hate him, he's one of a kind and fun to watch and everyone once in awhile you may learn something.

[ThinkLogically]

FBN is the lowest rated of all the Financial News Cable Chanels for a reason. It plainly is affiliated with Fox News who has misinformed this country consistently from it's inception. Rupert Murdoch is a business man and he only cares about his bottom line which is fine as long as it involves misinforming on world events but most American aren't stupid enough to follow their (Fox's)investment advise.
The few that would follow Fox's advice are too broke living in trailer homes dating their sister with their misguided son/nephew fighting a useless war in Iraq without the proper equipment while happily paying over $4.00 a gallon for diesel in their trucks after they voted these people in office.