The week-longfeud between Jon Stewart and Jim Cramer climaxes as the pair goes head-to-head on The Daily Show (uncensored video). So was Stewart too hard on Cramer - or did he treat him with kid gloves?
That was a great interview. I'm shocked that Cramer was so contrite. I hope, though it is clearly too late, that CNBC starts to change their format more to the format of Bloomberg or NBR. If they don't change their tune soon they may have their own financial "crsis" due to the lack of viewership.
What Jon Stewart said was true. CNBC and Cramer deserve the negative critiques.
BUT... Jon Stewart is simply a comedian using 20-20 hindsight to go on the attack and boost his ratings. That's what comedians and talk show hosts do!
When Stewart is applauded for having the same hindsight that most investors have now become painfully aware of, that demonstrates how gullible we have become. Human nature believes the good news. We need to become more critical of the financial "news" on a continual basis. When we need a comedian to bring their failures to light future deception is inevitable.
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It took the "Daily Show" to expose the crooks on Wall Street. He made CNBC look pathetic.
BUT... Jon Stewart is simply a comedian using 20-20 hindsight to go on the attack and boost his ratings. That's what comedians and talk show hosts do!
When Stewart is applauded for having the same hindsight that most investors have now become painfully aware of, that demonstrates how gullible we have become. Human nature believes the good news. We need to become more critical of the financial "news" on a continual basis. When we need a comedian to bring their failures to light future deception is inevitable.