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.

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…

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.

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).

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.

Lou says:

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

Hugh Ripper says:

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

QB says:

#6 Milo, try Hotspot Shield.

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.