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I hope you all have been following the bitch-slapping of CNBC's Jim Cramer by Stewart this week. Here's lasts night's volley and apparently Cramer is going to be on The Daily Show tomorrow.
Columbus Underground Messageboard » General Columbus Discussion
Jon Stewart for President
[110 posts] [22 contributors]
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Hael
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Thank science John Stewart got the memo. Jim Cramer disagrees with Obama and I don't care what Cramer's arguments are, in fact I'm not even going to read them. He needs to be stamped out. We can accomplished this by A) discrediting Cramer and B) Character Assassination. Yes, John Stewart for President.
Posted 3 years ago # -
Walker
The KLD / Downtown
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It always makes for good TV when other shows get offended when TDS makes fun of them. I love how their first reaction is to always question and critique Jon Stewart's program as if it were supposed to be something more than a comedy show.
Presidential material? Nah. Entertaining? Very.
Posted 3 years ago # -
vestanpance
Harrison West/at work OSU
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lifeontwowheels
Highland West
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I loved JS's "apology" Monday to Cramer.
Posted 3 years ago # -
Core_Models
Columbus
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oh for Christ's sake. To reiterate what I've been saying in other threads...here is Jim Cramer talking about the utter manipulation of markets, no way to pretty it up...it's what anyone knows that has done it to be easy, but legal? questionable. Ethical? nope.
Get the Video Plugin Posted 3 years ago # -
chrisgillespie
Short North/Victorian Village
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Wow. I've never followed Cramer but that video posted by Core...well, this is what my husband and I tend to hear about and then just say "huh." Not a question, hear the downward inflection. Unfortunately, for me, the Daily Show is less funny after seeing that clip...jeez....moving on....
Posted 3 years ago # -
Core_Models
Columbus
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Here's the thing though Chris, what I've also been preaching in other threads...the market, at it's base, trades on fundamentals. If you want to day trade? You better be a real player, or you'll get slaughtered. If you want to be a hog? Same thing...get slaughtered while the pigs get fat. If you decide to buy stock based on fundamentals though, meaning this company holds a real position in a real industry with real earnings and a historical price to earnings ratio...AND you don't care what happens to your stock tomorrow, you care what it does between now and 2015...you can make money, real money.
You can NOT play a game that you don't know the rules or even have the pieces, and that's what day trading is. Day trading is based on following technicals and charting, which in reality is based on tracking what guys like this are doing...which means even if you have the best charting program in the world you're still late.
Understand why you're investing...invest accordingly.
Posted 3 years ago # -
chrisgillespie
Short North/Victorian Village
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That's a good point, Core :) I don't day trade. I hold everything for long term cap gains. I'm not super savvy on the day trade game, but it's interesting to know how these guys play it. I've noticed their impact on the market sometimes. I just didn't have this much insight into this guy before. I've read portions of the other threads (limited time to dedicate to this, so I haven't read everything, sorry). I've found the comments interesting...
Posted 3 years ago # -
Core_Models
Columbus
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Man gram, I'm hurt. You're exactly the kind of investor I'd expect to see making bucks off this. You're too smart to let some unknown money manager handle your dollars, do this shit yourself and GO BUY SOME STOCK.
Posted 3 years ago # -
Core_Models
Columbus
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p.s. Do you really think Bank of America, Citigroup, and General Motors are going to be trading under a buck in a year? If not, you know what to buy.
Posted 3 years ago # -
gramarye
In Exile
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Core: Yeah, I'm starting to shift over to investing in individual stocks rather than mutual funds. The latter was a habit I picked up from my mother, who's primarily a mutual fund investor and did OK. She and I are both changing on that score, actually.
I still can't make myself invest in BoA, Citi, or GM, though. Companies that would be bankrupt but for government help just give me the creeps--tying strings to a cadaver to make it dance doesn't make it alive.
Looking at Limited now that you pointed it out. Also looking at Boeing (also near a 52-week low, 5% yield, and possibly poised to spike in value if there are unpleasant surprises abroad that make Obama shake off his intrinsic pacifism), and either AEP or Dominion Resources (both also near a low, yields in the 6-7% range, not likely to vanish like morning fog because it makes a product that people continually need, and utilities have just about the right level of pulse-pounding excitement for me).
And hey, if you're in the mood to make ballsy plays on financial stocks right now ... our hometown Huntington Bancshares' yield is 39.552% right now. You buying? :-P
Posted 3 years ago # -
Hael
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joev wrote >>
Wait - people used to take Jim Cramer seriously? Even though he always appeared to be hopped up on screwballs?
I'd say he's even one step below Suze Orman.Yes, he had a successful advice show about money. He was a liberal democrat too. He spoke his opinion about Obama, freely. He disagreed with Obama. And we just simply can have that. Flush Jim Cramer's credibility, character, career and anything associated with him that isn't in lockstep with Obama right down toilet. Got it?
Posted 3 years ago # -
lifeontwowheels
Highland West
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I thought Stewart's focus was on the CNBC folks hyping up the markets. His whole piece on Cramer Monday was on Cramer's continued support for Bear Stearns weeks before their collapse and in the months preceding.
His bit on CNBC was pretty much pointing out all the hot tips they gave on companies that ended up going under a week or so later.
Posted 3 years ago # -
lifeontwowheels
Highland West
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Wait, what?
Posted 3 years ago #
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