Category: TV Author : Duncan Riley Posted: March 13, 2009
Tags : jim cramer, jim cramer on daily show, jim cramer stewart, jim cramer vs jon stewart, jon stewart, the daily show
After a week of barbs, CNBC’s Jim Cramer sat down with Jon Stewart on The Daily Show.
The interview, which went over 3 segments, confirmed Stewart as perhaps one of the few serious interviewers of our times. The irony in that statement is rich, but you have to watch it to understand.
To Jim Cramer’s credit, he took it mostly well, given some of the dummy spits he’s had this week on other shows, including Today.
Here’s the Jon Stewart Jim Cramer interview on The Daily Show over three parts.
Mar 13, 2009
Duncan, what I found interesting (in the second outtake) is Jim Cramer talking about how the market games AAPL.
Especially in relation to spruiking AAPL related market events, the guillible pro-Apple blogging/media picking this up; falsly pumping the stock.
AAPL's traditional reluctance to talk then leaves a vacuum — and more gaming.
I wonder how much of the AAPL peak was due to this?
This is nothing against Apple or its products: more a reflection on how the market is gamed where there is a weakness of information.
Mar 13, 2009
Agreed. Stewart is a tough interviewer. I think that 2006 video really blindsided Kramer – any idea what it was? Looks like a seminar. I'd like to see Stewart guest host NBC's Sunday morning show Meet the Press when David Gregory is not available.
Mar 14, 2009
Fact is Cramer's “advice” is consistently wrong. When the stock market was doing well, his recommendations didn't beat the DJIA. He's a stock guy for people who have ADD.
Cramer's been having a lot of fun (Boo-yah!) with his gimmicks but his program isn't Emeril Live or Dr. Phil. People who aren't sophisticated take his ramblings as gospel (his promotion line is “In Cramer We Trust”) and his advice is horrible. Counter to what he says in the interview, most sophisticated people with knowledge of the market put their stocks in cash a year ago. My financial adviser did. Cramer waited until October to share that advice. I would bet his contacts made their moves the same I did.
As he has many friends and contacts in the industry, I have little doubt he rewards their inside information with boosts to their companies. And on Stewart he's now saying there should be accountability? What a tool and he's seeing people are demanding honesty so he's riding that until the next big thing comes around.
Why is Cramer so popular? I wish I knew – he's a bald guy with googly eyes and talks out of his a$$. I guess he shouts loud which works for CNBC. Thank god for Jon Stewart.