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Cramer Vs Stewart - The Daily Show Brawl Street Showdown

Politics / Mainstream Media Mar 17, 2009 - 07:18 PM GMT

By: Nadeem_Walayat

Politics Best Financial Markets Analysis ArticleThe long awaited showdown between comedian Jon Stewart and the bigger Comedian Jim Cramer. Cramer cringes as Stewart refers to them both as snake oil salesmen.


The fault is with CNBC, as it could be a great tool for investors if only it were not in the pockets of the CEO's and advertising snake oil salesmen that frequent it's shows to promote their products and corporations instead of unbiased analysis, which is why the network has become a laughing stock and perceived as a Perma Bull network. However the argument that could be made that if the CNBC interviewers were not soft on the CEO's then they would not go on the channel for interviews, which is probably why Stewart does not get any CEO's on his show.

Where stocks are concerned, Cramer having recently thrown in the towel after the Dow had collapsed by near 50% could mean we may actually HAVE seen the bottom.

In the final analysis the successful traders that actually know what they are doing in the markets are busy sat in front of trading screens rather than prancing about in makeup rooms getting ready to spend the day in the TV studio's.

Now its not all one way traffic, as Jon Stewart to a degree also plays the snake oil salesman role, as many of his guests are on the show to either push their books or seek to increase their public exposure for political or celebrity reasons. So I guess Cramer Vs Stewart is more different shades of gray than black and white.

By Nadeem Walayat
http://www.marketoracle.co.uk

Copyright © 2005-09 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on the housing market and interest rates. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 250 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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