This is a follow up to this clip, below, that we ran after it first aired. You may want to watch the one below first.

Of course we should be crushing Comedy Central for their crappy servers and poor video feeds.




  1. the real billybob says:

    Smoke and mirrors. That’s all it ever was.

    I blame it on computers. Look at the dow in relation to computer technology. It’s flat line until the mid 80’s and then it starts to climb disproportionate to the actual economy in a widening deviation that was completely unsustainable.

  2. MikeN says:

    Good for Stewart in owning up to his mistake. Would he have done it if he didn’t have the additional footage?

  3. MikeN says:

    “I am not persuaded that 20,000 additional troops in Iraq is going to solve the sectarian violence there . . . In fact, I think it will do the reverse. I think it takes pressure off the Iraqis to arrive at the sort of political accommodation that every observer believes is the ultimate solution to the problems we face there. So I am going to actively oppose the president’s proposal.”

    By your logic, if you’re wrong about one thing you’re wrong about everything…

  4. Dirtydog says:

    Hilarious. Very funny indeed.

    But a bit unfair towards Cramer I think, because the guy makes a living making short term calls on stock markets, which is extremely difficult if not impossible, and people just have to accept that and recognise that most of these calls are going to be wrong.

    If Stewart was recommending a sell back then then I think he would be more justified in his criticisms, but it’s just too easy to pick on someone from the comfort of your own home with the benefit of hindsight.

  5. Milo says:

    Those links don’t work in Canada. Not JCD’s fault, Comedy Central’s.

  6. nomadwolf says:

    #5: Well, what started the whole thing was Santelli’s rant about how he doesn’t want to bail-out homeowners for their irrational exhuberance, which was not helped by CNBC’s coverage.

    I did have fun reading Jim Cramer uses CNBC to Manipulate Stocks over at the Daily Kos. Surprised few others picked it up (to praise or rant at).

  7. Hmeyers says:

    Cramer is his own punchline.

    His advice is of similar quality to paid advertisements and is as honest as a door-to-door salesman.

  8. Troublemaker says:

    Dirtydog said, on March 10th, 2009 at 11:02 pm

    Hilarious. Very funny indeed.

    But a bit unfair towards Cramer I think, because the guy makes a living making short term calls on stock markets, which is extremely difficult if not impossible, and people just have to accept that and recognise that most of these calls are going to be wrong.

    Wrong, Cramer engages in insider trading and intentional “pumping and dumping” of stocks…

    http://www.dailykos.com/story/2009/3/5/16720/74815/703/705113

    He should be put behind bars.

  9. Lou says:

    6 http://www.thecomedynetwork.ca
    They stream the daily show there, both clips are still alive.

  10. Lou says:

    The only place you here nothing about this story is CNBC. Looks like the GE brain trust has told the CNBC staff to no say anything about it on air.

  11. Hugh Ripper says:

    Cramer is like a rabid dog. Whos paying him to push what stock is the question.

  12. RTaylor says:

    I’m afraid Crammer would be bringing a knife to a gun fight if he goes against Stewart. That said anyone basing a stock trade just on Crammers advice would be on the naive side. Most day traders go busted fast. Of course over the last year my experts holding my 401K performed just about as well. And that was in the safest investment category.

  13. QB says:

    #6 Milo, try Hotspot Shield.

  14. Ubiquitous Talking Head says:

    But a bit unfair towards Cramer I think, because the guy makes a living making short term calls on stock markets, which is extremely difficult if not impossible, and people just have to accept that and recognise that most of these calls are going to be wrong.

    I’m not disagreeing with you, but I’d like to point out that flipping a coin would result in being right about half the time, which is a better average than “most of these calls are going to be wrong”.

  15. Mr. Fusion says:

    #5, dirtydog,

    But a bit unfair towards Cramer I think, because the guy makes a living making short term calls on stock markets, which is extremely difficult if not impossible, and people just have to accept that and recognise that most of these calls are going to be wrong.

    Well, I disagree. The LEIBERTARIANS on this blog are very ripe with this thing called “taking responsibility for your actions”. He said it so therefore he meant it. If he screwed the pooch then he should admit it.

    That he, along with most of the whole stock market / finance sector, act as if they are above criticism is their downfall.

  16. Olo Baggins of Bywater says:

    The only financial advice I ever trusted on TV was that weird dude who had the Friday night show on PBS. Can’t remember his name now.

    Oh, and back in late September someone on NBC was ranting about getting out of the stock market, get it all out, do it now, etc. Hmm, that might have been Cramer, in fact. Beats me. Anyway, I switched my 401k to bond funds, making a whopping 2%. 🙂

  17. Wall Street Week with Louis Rukeyser. He always looked as if he was made up by a mortician.

  18. Greg Allen says:

    I love it when this goofball points to the derivative traders and declares “this is America.”

    Derivative traders are NOT friends of average Americans.

  19. Cap'nKangaroo says:

    #18 I also miss his show. He would come on Friday evening, giving you all weekend to digest something instead of the “Fast Money” type shows. Also, he would have his guests on and would recap their performance for the past year. Nothing about the show was frantic or fast paced.

    Today, the show would have a snowball’s chance in Hell of ever being shown.

  20. Whit says:

    Good old Jon is at it again

    “Gosh, you know ah, the treatment of the Palestinian people for maybe the past 50 years isn’t so nice either.”

    clip was taking off YouTube

  21. bobbo says:

    #20–Greg==good point not really being made in our media nor in Washington. The great American financial system that went bust and is being rescued is a rich mans playground, not engaged in anything productive, most of it was illegal or highly regulated after the last depression, AND–there is no legitimate reason to allow “derivative financial instruments.”

    They should all be outlawed as parasitic gambling devices of fraud.

    I’m convinced now==let all the big finanancial institutitons fail and start dealing with the reality thats left. Most of the feared harm is not real, not mainstream, not the economy. Remaining banks with a bit of federal help can pick up all the slack that is needed.

  22. Stewart/Colbert/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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