Jon Stewart to Jim Cramer: 'F**k you!'

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Jon Stewart reminds CNBC's Jim Cramer of bad investment advice. Cramer had advised his viewers to buy Bear Stearns stock seven weeks before it collapsed.



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MEMO to CNBC:

If you want to rehabilitate yourselves going on Morning Joe and allowing Joe Scarborough to advocate for you is not a great marketing strategy. Just look at the pattern here, 2 Sundays ago Meet the Press had Joe Scarborough on as part of its intellectual roundtable (LOL who came up with that idea) and then Meet the Press followed it up with a financial roundtable lead by Newt Gingrich and some Author no one has ever heard of and as one person put it this has got to be the worst Meet the Press ever televised. Can we start the ticker on how long it is going to take NBC to replace David Gregory?

But in all seriousness, Joe Scarborough and his logic is about as impressive as David Gregory being chosen as the Moderator of Meet the Press. Joe Scarborough doesn’t elevate your status or your cause, he brings you down and there is no better example of what he has done than that of Mika Brzezinski. Just go back to the beginning footage of when Mika first began on this show and look at what she has become now. On camera she sits there like a drug induced coma zombie starring off into space; appearing num and unfocused in order to tolerate his presents. And it has become a sad scene where unlike Erin Burnett who has not allowed Joe Scarborough brute mentality to drown her out; Erin has apparently stood her ground and won. Unwilling to tolerate Joe Scarborough chauvinistic rude behavior it appears that Erin Burnett has requested that Joe Scarborough not appear when she comes on to do her financial report. Pay close attention folks; notice lately how he is never on the set any more during Erin Burnett financial reporting. And Mika is probably kicking herself for not standing up for respect and allowing this to get so out of hand she can’t figure out how to fix it unless she leave the show all together so she just sit their mute with her arms folded.

So go ahead CNBC follow the marketing strategy of allowing Joe Scarborough to be your spokes person and you will end up with the continuation of the demise of your reputation. Sometimes when you have been proven wrong (i.e.; Jon Stewart) just let it go, just let it go and realize that you can’t rely on people like Joe Scarborough to save you.

Open your window and you can hear me yelling at the top of my lungs, Amen to what you said.

I really think that Mika does not have the intelligence to do or say anything for herself.

If she doesn't agree with Morning AHole he shouts her down and she shuts up. The moral superority crowd just love to brow beat women

It couldn't happen to a more wrong guy. Man does Jon know how to hold up a mirror in their face.

I can't stand watch her. Reminds me of an abuse spouse.

or perhaps a show monumental show of arrogance or tone deafness.

I mean really...are all these capitalis Wall Street morons so ignorant as to be unable to understand that...you have no balls anymore...their gone...the world of reality has chopped them off.

And yet you continue to pontificate as if you are still the big swinging dick in the room.

And then you have the audacity to respond...even though you have been caught...dead to rights...on your ignorance.

It isn't so hard to look like a genius when the game is rigged, Cramer. Now that the hot money has been removed from the game...and no one is telling you which cards are going to be dealt in advance of playing the hand...ain't so easy to look brilliant..is it...you putz.

I think Cramer's appearance on Today and the staff's feeble attempts to rehabilitate him are demonstrative of Jon Stewart's impact.

Frankly, and unfortunately, Jon Stewart, Stephen Colbert and Bill Maher are among the few voices willing to ask difficult questions and expose uncomfortable truths concerning the coziness between government, corporate America and mass media. You simply cannot trust any news programs on the Big 4 to tell the truth anymore -- everything is gussied up to protect their interests, and the interests of their sponsors and shareholders. Notwithstanding their status as comedians, Stewart, et al. are doing this country a considerable service by exposing shills like Cramer.

These idiots think they can get away with their old MO of lying.

Why would anyone take financial advice from people so detached from current technology, never mind current events.

They do it because of hubris. They are not detached from anything except the fact they may find themselves in the chow line with Bernie Madoff.

Cramer really sounded like a child when he said he could go back and take snippets of what Warren Buffet had said in the past and make him look foolish too.

so he thinks a snippet of his touting Bear Stearns and then pushing his "BUY BUY BUY" button somehow skews reality?

in the markets takes Cramer seriously. Cramer cut his teeth on hedge fund gambling. The worst "racket" there is. He's a TV carnival barker who's main purpose is to lure suckers into the markets.

I believe I said that in my post.

Oh

well lets rinse and repeat it anyway until it sinks into peoples thick skulls.

The serious players maybe do not take him seriously but there are plenty of old ladies and old men and young people after school and work and other ignorant people who watch this asshole and think he knows what he is talking about and they think he is looking out for them. The reality is that Cramer is scamming them. These people go out and buy the stocks he is touting and he is out selling them short. He knows they are going to go down. Look at Bear Sterns just for one example. I would love to see the records of his stock trades or the stock trades he is controlling over the past two or three years.

Yeah, my mother in law listens to Cramer. She was all excited a few years ago and wanted us to refinance our mortgage. Didn't do that then, ain't gonna listen to him now, except to take his sage advice and do the opposite! Maybe he'll be welcomed with flowers and candy at the next TV set he shows up on

The market went up over 370 points last I looked. Will President Obama's speech on education today be "blamed" for that? The verbal assholes have been saying that every time the president opens his mouth, the market goes down and it's all his fault. Let's see what they say about today's gains.

setup to sheer any sheep who think "Wow! The Markets Back! Let's Buy Some Stocks honey!!

Anyone want to jump in and test it?

Be my guest.

Wall Streets out of control.

because people actually believe the words of Citibank's CEO...as if he doesn't have a vested interest in talking up his company.

Did they take a write off? Did they suddenly get a flood of new depositors and then write some new loans?

What are these magical profits? Are they from expense reduction? Ooooh..yeah...that'll really put us on the upward trend for the year!

Citibank is rearranging the deck chairs on the Titanic.

They're DONE.

booking TARP monies and AIG slush fund receipts as profit then "twitterring" Q1 financials from the back of a cocktail napkin doodled with $$$$ and HA HAs!

Ha! My thoughts exactly, PoP. I've been wondering all morning how many heads are gonna pop at the end of the day when it's time to place the blame-o-the-day.

Here's a link to watch the Cramer and Joe Scarborough this morning. The video player didn't work for me, but maybe it will work for you. Most of the videos here at C&L don't work for me either but they seem to for everyone else.

I tried to watch, I really did. But alas, I cannot. Joe S. sucks ass. He claimed in the first few moments that I could swallow that Stewart went after Bush, but now that Obama is president he picks on poor little souls like Cramer. Really? Evidently he hasn't seen Stewart skewer the new admin. What a dip shit.

"Citibank...buy buy buy!"

"Citibank...the trend for financial institutions looking better...buy buy buy!"

"My corns stopped hurting! Buy buy buy!"

"My hemorrhoids went away! Buy buy buy"

advertised, which is suspicious. I could see a gap down within a few days back to the lows to scare out new weak bulls before the next rally attempt.

so the insiders who bought at the bottom...can take their profits...and the psychological impact on the market and the economy be damned.

The NYSE is nothing more than the sham scam seen in the "The Sting".

I read an article somewhere that Cramer is right 47% of the time. You'd do better by taking each individual company's stock and flipping a coin to decide whether to buy or sell.

at least I got a ride with the car.

Step right up to the greatest show in town folks!

If that video doesn't play for you, go here and scroll down until you see it on youtube in the comments.

Citi's alleged profit was determined without taking into account the mountain of unrealized losses on mortgage-backed derivatives.

Total bullshit, IOW.

did they add the herbs and spices.

I mean...at least make the shit taste good.

the short sellers who had to cover their Citi bets certainly weren't offered any herbs or spices.

No KFC...just shit.

it's tough when you eat off the 99 cent stock menu.

Ka-Pow! With research skills like that, Jon Stewart and his staff are my preference for financial adviser over Jim Cramer any day.

Perhaps Cramer was used to the television news channels, which usually let people get away with telling lies and never pull out the videotape to confront them the way Stewart does. One notorious case in point involves, surprise surprise, CNBC: Dick Cheney interview with Tim Russert, NBC, Meet the Press, Dec. 9, 2001 : CHENEY: "Well, what we now have that's developed since you and I last talked, Tim, of course, was that report that's been pretty well confirmed, that he [9/11 terrorist Mohammed Atta] did go to Prague and he did meet with a senior official of the Iraqi intelligence service in Czechoslovakia last April, several months before the attack."

Dick Cheney interview with Gloria Borger, CNBC, June 17, 2004: Borger: 'Well, let's go to Mohamed Atta for a minute, because you mentioned him as well. You have said in the past that it was, quote, 'pretty well confirmed.' ' Cheney: 'No, I never said that.' Borger: 'Okay.' Cheney: 'Never said that.' Borger: 'I think that is . . . ' Cheney: 'Absolutely not."

Borger didn't confront Cheney with his prior statement, on videotape or otherwise.

She wanted to see her next plane flight land safely.

I remember watching that and thinking how gutless that journalist was.

$45 billion to play with, I'd be profitable also.

better than a carnival game of chance. Analysts like Jack Grubman and pontificators are not in it for anyone but themselves. The market is really a joke.

NEW YORK, March 10 (Reuters) - U.S. stocks jumped on Tuesday, extending strong gains after U.S. Rep. Barney Frank said he expects the SEC's uptick rule to be restored in about a month.

Okay, I'll be the class dummy. What is the SEC's uptick rule?

securities trading rule used to regulate short selling in financial markets.

Thank you so much :)

Patricia, I assume you know what selling short is (if not ask) (it is betting that the stock is going to go down in value). There used to be a rule that before you could sell a stock short (betting that it will go down) The stock had to have an uptick, that is go up in price (however small that gain may be does not matter)before you could actually "sell it short". So you put in an order to sell a stock short but before that order can be executed it has to gain at least a penny (stock price use to be on a fraction basis like 1/8 1/4 1/2 of a $. So the price of a stock could be 45 1/4 or 87 1/8 or something like that. Now they are listed in decimals 45.25 and the decimal can be anything... whatever.) in price. Does that make sense?

POP read this it put's it into basic English. How the "game" is played.

http://beginnersinvest.about.com/cs/newinvest...

Oh I didn't finish. So there used to be the uptick rule but the assholes got rid of that rule to make it easier to scam the system. No Barny Frank and others want to put it back in and it looks like whatever Barny wants he will get these days because anybody who says no have nothing to stand on. Their record is kind of in the trash can. LOL

and opine about how they'd at least give you a piece of paper for your money.

will ulitmately destroy the U.S. economy...and no amount of government money can prevent it.

There is no political will to investigate or regulate.

there is none! It's a giant freaking gambling casino.

with marked cards...and they use the security cameras to aid the "plants" in winning at the tables.

They may as well just allow half nude waitresses to serve drinks on the New York Stock Exchange Floor at this point.

with that drink honey pie?

)O(

Maybe the Money Honey could be the waitress.

)O(

real results.

Trading nonexistent paper based on ideas? I played Risk when I was 12. I'm a grown up now. There are lives involved. Obama's a Muslim. First, why is that bad? Second, why are you lying to me? Third, why are you wasting my time?

a.k.a. GOP 2009- stick with it Freepers...

schmo is my income is down and my cost of living is WAY UP.

you will work harder...be more productive...which will increase profits..which will be paid to the rich shareholders...who will then spend it on more expensive toys...and then they will trickle down on you...

they will be back with new way to get your money.

We all fuck up Jim. Well, not all of us make dumbass corporate cocksucking unfounded decisions that cost innocent, trusting people billions from their life savings and retirement. Listen Cramer, it's not the crime, it's the cover up. Just admit guilt, ask for forgiveness and stop running around all over teeveeland acting like a nervous little guilt ridden bitch.

gonna take a paddling, a real paddling, not a kicking

You can see the guilt in his eyes...
I saw it in that clip wear he was telling viewers to buy stock in Bear Stearns...he has a guilty, guilty conscience.

Hell, if Cramer were smart he wouldn't be throwing wood on this fire. No one was talking about it except the people who watch Jon's show. Now thanks to Cramer getting out there and trying to fix his image, the whole country has been exposed to his little "errors".

I love Jon Stewart, but he should give it a rest now...perhaps acknowledge that Cramer did tell people to pull out all their money after even my 80-yr. old aunt knew the market was going down the toilet (after that obvious call the market did tank further, so he can claim "credit") but it's the nature of his brain-dead show that he's going to get some right and some wrong calls.

If you want to go after him, go after the fact that shows like his, with their all-knowing hosts who know every frickin' thing about every frickin' stock, replete with manic buy and sell calls are the exact opposite of what long-term investors should be looking at, and how they should be investing. But taking a call here and there, and then making it an example of his stupidity is neither here nor there, as Cramer can always come back with some of his calls which turned out right.

this morning.

These asshats and ignoramuses made their beds, now they can lie in them. Maybe if they hadn't led the world into this horrible mess, they could complain. As it is, a little mockery won't kill them, and if Stewart can do the job that the "news" shows refuse to do, more power to him.

Jesus Christ Patricia I don't know how yoiu can watch Morning Joe. I just tried to watch that clip you posted and could only get through about two minutes. Scarborough is not much different that Hannity or O'Reilly.

I watched more of it this morning than I usually do because I wanted to see Cramer and how that would go. Usually I can only take about a half hour before I feel my brain steaming.

The best criticism of Cramer came from Barron's, the weekly financial paper published by Dow Jones. Hardly from a lefty anticapitalist perspective, either.

They tore Booyah a new orifice.

Their conclusions:

- Over 2 years to mid-2007, Cramer's TV recommendations made money, but lagged the Dow Industrials by 10% - a huge margin.

- Of the 3,453 stocks recommended as buys (plus a few sells) on Cramer's Mad Money website database, almost all were flat or losers. Factor in commissions, and you'd be better off in an index fund.

- The best strategy with Cramer: sell his buy recommendations short. Barron's found they go up an average of 2% the day after he touts them, then fall below the recommendation level over the next 30 days. Expected profit from selling Cramer's buys: 5 - 30% annually.

7 weeks before that stock went worthless. After 29 years he had "intuition"

WOW. You are BUSTED

He's like Jimmy Swaggert, but instead of peddling blind faith for cash, he's peddling get rich quick schemes.

Is it obvious why the media should report and not advocate?

Some fantastic investifative reporting from CBR. After reading this think about the history of Cramer and Bear Sterns.

Here's a nice writeup I found on our good buddy Jim Cramer (warning: quite long) -
http://www.deepcapture.com/jim-cramer-is-a-co...

If you want to look at the performance of Cramer's stock picks, go here (there are also many other sites that track his performance):

http://www.cramerproject.com/stocks.php

oops... great minds think alike, huh? :)

Jon Stewart's initial reason for picking apart CNBC is because of Rick Santelli's self-righteous vocal tirade about the already pitifully inadequate 'help' Obama is trying to offer homeowners struggling with record foreclosures due to the same assholes he was screaming for an 'Amen!' from.

Cramer's just a very visible douchebag so it's easy to paint a target on him, but he's only a symptom of the bigger disease. It may be fun to watch Cramer twist in the wind, but it's the evil bastards getting bailed out on the same taxpayer's money from which they extorted after having duped them into creating the biggest financial crisis in our history.

Stewart/Cramer Nation,

THE ORIGINAL FIGHT NIGHT!

Here is a Promo Poster/Image I made for Thursday's showdown! Hopefully Cramer or Stewart will see this and use it on Wednesday to promote the show!

http://gloombergnews.com/?p=470

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