fuzzywzhe

Jim Cramer's 10 Predictions for 2008

I know it's very hard for everybody to accept but:

"Information" fed to you by commercial advertising on television isn't information at all. It's designed to sell products, not to inform you. The only thing that the network cares about his Nielson Ratings, not his accuracy.

This goes for all "news" on television. If lying about weapons of mass destruction gets viewership, they'll do it. And if talking about Afghanistan reduces viewership, they won't do it. They are in the business of making money through ad revenue, not to inform you.

If you want to know what is going on, you're currently sitting in front of the most powerful communication tool ever created by mankind. It's not just for porn anymore. Make some use of it, stupid.

But there is an good side to all of this - it's a lot easier for me to make money when there are so many stupid traders in the market. A lot easier. I suppose I should be grateful for the idiot box churning out so many idiots.