Jim Cramer vs Jon Stewart

Have you been following this? Jon Stewart blasted CNBC a few days ago, and Jim Cramer (host of "Mad Money") was on "The Daily Show" yesterday to defend what he does.

Wednesday the 4th, when the show first tore up CNBC. "If I had only followed CNBC's advice, I'd have a million dollars today. . .provided I'd started with a hundred million dollars."
http://www.thedailyshow.com/full-episodes/...pisodeId=220250


Here's Monday's show, where Jon continues.
http://www.thedailyshow.com/full-episodes/...pisodeId=220284


Here's Thursday's Cramer-Stewart. Cramer took a real beating.
http://www.thedailyshow.com/full-episodes/...pisodeId=220533

I think the important thing to take out of all this is, if you're interested in investing your money, you need to take the advice of ppl on shows like this very critically, and know that YOUR money isn't their highest priority. They may be steering things to their own benefit., but certainly, ratings would be more important to them.

I have been following it and it has been brutal to watch for the CNBC crew. I give Jim Cramer props for his "mea culpa" on last night's interview, but the fact remains that almost all of those guys share some responsibility for this mess. Maybe not for the mess itself, but for hyping things and furthering the perception that double digit investment growth is infinitely sustainable.

I can't say that I would ever take financial advice from anyone that has a TV show. Now if Warren Buffet wanted to give me investment advice, I'd certainly listen, but other than that, I can't think of anyone on TV that I'd want to listen to.

No it doesn't have to do with a tv show, but it has to do with responsibility. I mean Suzie Orrman has a similar show and has been advising people to do more intelligent things with their money. She has always suggested people take only mortgages they can afford and not to buy into all the hype that has crashed around us. As you said Sarge, double digit gains CANNOT be sustainable forever.

Even Warren buffet lost his butt this time around.

I do believe that stocks can beat interest in the long run. Can 12-15% be maintained year after year? Not for a while, but 20 years from now, why not? As much as things are down, this is the time to buy. Citigroup slipped below 1 dollar. If I had a grand to blow, I'd buy into it. The government isn't going to let them die and even for them, I think that's too cheap.

I've bought Suze Orzman's audio books. They are ok, but I still prefer Dave Ramsey over her. He does a lot of the same things, but he seems smarter about it and he does still tout stocks are stronger than other investment options. Considering CD's are getting 1.5%, it's almost worth the risk.

Atomm wrote:Even Warren buffet lost his butt this time around.

I do believe that stocks can beat interest in the long run. Can 12-15% be maintained year after year? Not for a while, but 20 years from now, why not? As much as things are down, this is the time to buy. Citigroup slipped below 1 dollar. If I had a grand to blow, I'd buy into it. The government isn't going to let them die and even for them, I think that's too cheap.

I've bought Suze Orzman's audio books. They are ok, but I still prefer Dave Ramsey over her. He does a lot of the same things, but he seems smarter about it and he does still tout stocks are stronger than other investment options. Considering CD's are getting 1.5%, it's almost worth the risk.

I don't invest, but I do a lot of reading, and you can't AVOID this stuff these days. From what I've heard *, stocks go up, stocks go down. If you're not looking to cash out in the next couple years, and if the companies you invested in are solid, things will get better down the line. If there's a good company that's low right now, traditionally this WOULD be the time to pick up some shares.

*-Doc is just some douchebag on the internet. His posts are intended for entertainment value only. The entities known as Doc, DocJon, and DocCo Inc., do not guarantee or warranty the above information. Past performance is not an indicator of future results.

I'd like to add one thing. Yes, the market is down and it's hard for it to drop another 25%. That's as good of a time as ever to buy shares. With that said, the real key is trying to figure out the stocks that will not only perform, but will not file bankruptcy or go out of business altogether.

While I would buy shares in Citigroup, I would not buy shares in GM. One I believe is immune to failure thanks to our govt and the other is 50/50 for bankruptcy. The real key is finding those gems that are still out there.