Cramer Will Be Off the Air in 60 Days: Bless You Jon Stewart

I just viewed the much anticipated face-off between Jim Cramer and Jon Stewart.

I don't predict the direction of the stock market and I can't pick stock winners. Neither can Jim Cramer.

That's bad enough.

But when he denied the plain meaning of his 2006 interview in which he discussed highly questionable conduct he engaged in while he was a hedge fund manager, he lost the last remaining shred of his much diminished credibility.

No responsible network executive who viewed the tape of Stewart eviscerating Cramer could possibly conclude that he has any credibility as an "investment expert." His antics may entertain some but they have hurt many.

For NBC and CNBC to continue to hold Cramer out as its investment guru would be a travesty that I don't believe even they will perpetuate.

Here is a prediction I will make: Cramer will be off the air in sixty days.

Bless you, Jon Stewart.

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Comments

[Edward Goldberg]

If you want real professional stock advice and you do not want to rely in clown like Cramer go to:
www.gainerstoday.com

[elizlucinda]

Oh please Jon Stewart....can you go after Ann Coulter, and Bill O'Reilly next!!!!! you would be doing society a great favour if you drove those two off the air!

[zakwouldhave]

Kudlow from CNBC comes out unscathed. Cramer has a little show with sound effects. Kudlow rails and rails about the free markets and unlimited capitalism. I mean UNLIMITED in which it doesn't matter if a company is producing actual profit through product or not. His time has passed but quit yelping about Cramer now and take aim at the real culprits like Kudlow.
Spongerush Fatpants, Glenn Beck and the Mannitee will never appear on the Daily Show.

[ptgkc]

And then look who is back. So moral is... I don't know, if you can't do, then come back as an expert on national TV to lecture everyone how policy should be set and preach there is money to be made. The network's mission needs to change and journalism, in the real sense of the word, has to be the center.
----------

Three years ago, when money flowed easily, Ronald G. Insana left CNBC to hang his own shingle as a hedge fund manager. Now, as he returns to television, he has but one misgiving about his foray into moneymaking.

Ron Insana, who left CNBC to start a hedge fund.

“The one regret I have is we ended up losing money,” Mr. Insana said in a recent interview.

Mr. Insana recently signed a deal with CNBC to return as a part-time analyst. He will make most of his appearances on “Closing Bell,” the daily end-of-trading show from 3 to 5 p.m., and also be available for spot duty on MSNBC and various NBC News shows.

[truthglow]

Write to: *Steve Capus, President of NBC News (steve.cap­[e-mail]­)

*Jeff Zucker, President of NBC (jeff.zuck­er@nbcuni.­com)

[dogwatch]

Stocks are manipulated by insiders. Outsiders have no decent place to go to find good buys, including television programs with ostensibly informed touts who claim to know what is a good buy on the market. Brokerage houses came to be totally unreliable. There was no effort whatsoever to inform customers of the stability or profitability of a corporation. They all deserved what they got. Their product was worthless. Their symbol changed from the bronze bull in front of the stock exchange to the bronze patty just below his tail. Not a hamburger patty. Jon Stewart did it best. We owe you, Jon.

[e anthony58]

Stocks are manipulated by "news" and fear.

[dogwatch]

Stocks are manipulated by insiders. News and fear are the byproducts of that manipulation. The fuel, so to speak, that drives the engine of manipulation.

[sb250guy]

Jon, Please rid us of Sean Hannity or Glen Beck next!

[dphilip]

That's what happens when you say that "the emperor has no clothes" Jim.
So the democrats are the "party of tolerance"? hahahahahah....
I bet the DNC won't have to worry about cashing Jim's $100K check next election..

[x4faith]

...And what does THIS have to do with the DNC? Either he supports the party or he doesn't! If I were unethical in my job...That's on me...Not the DNC, EDIOT!

[dphilip]

OK, let me get a crayon out.....Jim Kramer is a democrat who enthusiastically supported Obama. He also donated $100K to the party. Now, because he criticized Obama's economic policies, the democrats are using the old politics of personal destruction to neutralize his criticism of Obama. Therefore, due to the dems stabbing him in the back, he is likely to be reluctant to give them another $100K check....do you understand now?

[postman606]

People don't remember that Stewart's interview on Crossfire with Tucker Carlson, resulted in Carlson being fired from that show.

[wonder6789]

That explains his inane attacks on Stewart today.

[JustLucky]

Actually, the whole show disappeared at once, didn't it? I don't think there was anything left to even fire him from.

[cobobs]

I missed that episode, but I recall asking, what happened to the cocky guy with the bow tie on CNN. That must have been months after the show got cancelled.

[vedder110]

Actually it was it wasn't Crossfire with Tucker Carlson, it was Crossfire with Paul Begala AND Tucker Carlson. He criticized both for being hacks for their respective parties; Crossfire the show was canceled soon after Stewart's appearance.

[wonder6789]

As Stewart said himself, "the song ain't about" Cramer.
Cramer is a relatively harmless pawn in the game.
He was quite honest and even touching on Stewart's show.
He collaborated with a criminal system, but he really should not be the blacksheep for the financial crisis.
Santelli is a bigger creep, with his odious Ayn Rand ideology that "losers" deserve to lose.
The AIG and CitiBank CEOs and the Greenspan and Paulsons are the ones who deserve to have their feet held to the fire.

[rnelsonbrown]

Exactly. This is not about Cramer, MSNBC, etc. Stewart, on Crossfire, and recently, has been consistent in his condemnation about the system, especially the media, and those who are knuckling under to corporate and special interest pressures to dilute, obfuscate, and screen (intentionally or otherwise) what is really going on.
This article misses the point, and lowers the bar on Stewart's agenda. Another obfuscation, intentional or otherwise.

[THISTLE]

Cramer should face charges, he deliberately deceived his viewers, lied to benefit stocks he
owned. Martha Stewart went to prison for far less. And with Cramer we have tapes showing
what he did, and what he said.
It's time this carnival was over and this hack was removed from the air, and faced
charges.

[RoseMerry]

I hope you are right. And I hope that the SEC will take Kramer's own suggestions and arrest him for his crimes! And everyone else that has commited these fraud.

30 to 1 leverage???? GAWD, I never knew it was that bad. No wonder, we are in the tank.

[Brillig]

Will you leave fat people out of the argument? I don't hear you mentioning gays! ...just leave the fat people alone. I don't want to have to come up there and start a FREE THE FAT PEOPLE organization..and sue for human rights violations­...thanks.

[SeaBlood]

I'm waiting for them to bring "short people" into the argument.

[maxfax]

I like him as a source of entertainment, would never take serious anything he says, or make investments from a tv character, but that's me.

[thewho77]

Good Riddance! Maybe O'Reilly is next@!!

[MiddleofAmerica]

Take Sean Hannity and David Gregory with him.

[Binea]

Maybe Olberman next..he spendsmost of his time complaining and attacking O'rielly and anyone not a Dem.It's obvious he's a pure propagandist.Though he does redeem himself by his vigilance on civil liberties ..at least when Bush was president..does he have the guts to rip into Obama if Obama continues on the Bush path ? Somehow I doubt it. Anyway..I want Olberman to stay on..I want O'Rielly to stay,can't just go gagging all dissenting or differing voices.

[protagonia]

How many Republican has bill o gone after?