doc_hawkins

In Defense of CNBC (Sort Of)

OK
1. quote: For real, as unbiased as possible, financial reporting on cable news, one has to watch Bloomberg Financial.
Comment: I do often when I get tired of being yelled at
2. quote: Cramer's pics are worthless
Comment: Cramer is right 49% and his picks overall do a little better than the market. However when I follow Big Jim's picks my pics of his pics is 49% right which averages to 24.5% so
a. I follow his 25 rules of investing instead of his pics
b. I listen to the tone not the day to day. For example in January when Cat was 38 Cramer stated
"Buy CAT but not just now"
I don't think he knew anything more than I did on that specific I just figured that's a sell wrapped in a caution flag based on history of the 82 recession when Regan's favorite stocks initially tanked.

The daily show did drug the fish in the barrel with clip 212 and 216. I would like to see the daily show host switch with Cramer for a week.