Comments on: Fox Business Gunning for James Cramer http://www.ritholtz.com/blog/2008/03/fox-business-gunning-for-james-cramer/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 21:03:30 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: xav http://www.ritholtz.com/blog/2008/03/fox-business-gunning-for-james-cramer/comment-page-1/#comment-75966 xav Thu, 27 Mar 2008 09:32:47 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/03/25/fox-business-gunning-for-james-cramer/#comment-75966 I thought Barry was just sucking up to CNBC. Apparently he appears to be serious, which in some ways is even worse. How can anybody with a brain believe Cramer on this? Does Barry think that the guy asking the question about BSC was a hedge fund manager writing to Cramer for advice? LOL I thought Barry was just sucking up to CNBC. Apparently he appears to be serious, which in some ways is even worse.

How can anybody with a brain believe Cramer on this? Does Barry think that the guy asking the question about BSC was a hedge fund manager writing to Cramer for advice? LOL

]]> By: Todd http://www.ritholtz.com/blog/2008/03/fox-business-gunning-for-james-cramer/comment-page-1/#comment-75965 Todd Thu, 27 Mar 2008 01:58:07 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/03/25/fox-business-gunning-for-james-cramer/#comment-75965 Jim Cramer has repeatedly pumped the investment banks over the last year. The most shameless was towards the end of January when he did a segment on his show highlighting Bear Stearns as a great buy at $89. *I never heard him say sell on the way down. Naturally, today he said the only financials he's been rec'ing were JPM, GS and Hudson City. Last June on TheStreet.com TV, Cramer called Goldman and Bear ''terrific opportunities for investors and that they should defy the conventional wisdom and buy the stocks. You can watch that here: http://www.youtube.com/watch?v=x6KeSgAdqUw Jim Cramer has repeatedly pumped the investment banks over the last year. The most shameless was towards the end of January when he did a segment on his show highlighting Bear Stearns as a great buy at $89. *I never heard him say sell on the way down. Naturally, today he said the only financials he’s been rec’ing were JPM, GS and Hudson City.

Last June on TheStreet.com TV, Cramer called Goldman and Bear ”terrific opportunities for investors and that they should defy the conventional wisdom and buy the stocks.

You can watch that here:
http://www.youtube.com/watch?v=x6KeSgAdqUw

]]> By: Dee Leverage http://www.ritholtz.com/blog/2008/03/fox-business-gunning-for-james-cramer/comment-page-1/#comment-75964 Dee Leverage Wed, 26 Mar 2008 13:49:33 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/03/25/fox-business-gunning-for-james-cramer/#comment-75964 Barry, your argument supporting Cramer has affected your credibility with me. Even if you believe Cramer's claim he was telling the viewer not to take their account from Bear (a laughable point given his show is 100% about picking stocks), Cramer screamed "BEAR STEARNS IS FINE". A more inaccurate statement has never been uttered on television. Your secondary (or primary?) role as media analyst who must appear on CNBC to increase your relevance makes you an imperfect messenger (to borrow your phrase) of a defense of Cramer. ~~~ BR: Um, wrong on just about every account. I saw the clip (posted here), and that's how it reads to me. (I don't watch the show) You can disagree with my interpretation, but if you think my view is based on the incorrect assumption that I am buddies with Cramer, you got another thing coming. I have no obligation to defend Cramer. He is a big boy, and can do that for himself. As to my media appearances, I have no clue what you are referring to. You should consider switching to decaf. ___________________________________________ BR: I don't drink coffee...maybe I should start LOL. I never said you are buddies with Cramer...I do feel that you like to appear on CNBC (so would I) and somebody who were to trash Cramer, a CNBC star, may have less opportunity to do so. This is not a problem with you...it is a problem with CNBC. As such any comment you make about Cramer may give the appearance of a conflict of interest. We all know, the appearance of a conflict doesn't prove one exists. Is Bear Stearns fine? That is the basis of what we should be talking about regarding Cramer's recommendation. Cramer is a big boy...he has to know he is going to be open to criticism with all the calls he makes. Barry, your argument supporting Cramer has affected your credibility with me. Even if you believe Cramer’s claim he was telling the viewer not to take their account from Bear (a laughable point given his show is 100% about picking stocks), Cramer screamed “BEAR STEARNS IS FINE”. A more inaccurate statement has never been uttered on television. Your secondary (or primary?) role as media analyst who must appear on CNBC to increase your relevance makes you an imperfect messenger (to borrow your phrase) of a defense of Cramer.

~~~

BR: Um, wrong on just about every account.

I saw the clip (posted here), and that’s how it reads to me. (I don’t watch the show)

You can disagree with my interpretation, but if you think my view is based on the incorrect assumption that I am buddies with Cramer, you got another thing coming. I have no obligation to defend Cramer. He is a big boy, and can do that for himself.

As to my media appearances, I have no clue what you are referring to.

You should consider switching to decaf.
___________________________________________

BR:

I don’t drink coffee…maybe I should start LOL. I never said you are buddies with Cramer…I do feel that you like to appear on CNBC (so would I) and somebody who were to trash Cramer, a CNBC star, may have less opportunity to do so. This is not a problem with you…it is a problem with CNBC. As such any comment you make about Cramer may give the appearance of a conflict of interest. We all know, the appearance of a conflict doesn’t prove one exists. Is Bear Stearns fine? That is the basis of what we should be talking about regarding Cramer’s recommendation. Cramer is a big boy…he has to know he is going to be open to criticism with all the calls he makes.

]]> By: Babe's Ghost http://www.ritholtz.com/blog/2008/03/fox-business-gunning-for-james-cramer/comment-page-1/#comment-75963 Babe's Ghost Wed, 26 Mar 2008 07:35:35 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/03/25/fox-business-gunning-for-james-cramer/#comment-75963 Funny to hear everyone plugging Bloomberg Television. Back when I worked there, particularly in the run up to the bursting of the tech bubble, I was disturbed by the cheerleading going on. While we occasionally had the voices of sanity, there were far more people predicting DOW 36,000! and rah-rah segments for each 'milestone'. There was also a definite unspoken understanding that the purpose of BTV was to sell terminals, and that provoking the potential customers/guests by questioning their spiel too aggressively was not the best career move. That said, there were some pretty excellent, smart people there, and there was nothing like the complete willful divorce from reality that you see at Fox. Funny to hear everyone plugging Bloomberg Television. Back when I worked there, particularly in the run up to the bursting of the tech bubble, I was disturbed by the cheerleading going on. While we occasionally had the voices of sanity, there were far more people predicting DOW 36,000! and rah-rah segments for each ‘milestone’. There was also a definite unspoken understanding that the purpose of BTV was to sell terminals, and that provoking the potential customers/guests by questioning their spiel too aggressively was not the best career move.

That said, there were some pretty excellent, smart people there, and there was nothing like the complete willful divorce from reality that you see at Fox.

]]> By: dave54 http://www.ritholtz.com/blog/2008/03/fox-business-gunning-for-james-cramer/comment-page-1/#comment-75962 dave54 Wed, 26 Mar 2008 06:47:43 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/03/25/fox-business-gunning-for-james-cramer/#comment-75962 Both KUDLOW & Co and MAD MONEY are thought provoking, entertaining, educational and (I suspect) influential programs...Want/need higher quality investment advice? Then dive into the data yourself (for decades) or pay the price to work with others who have. Both KUDLOW & Co and MAD MONEY are thought provoking, entertaining, educational and (I suspect) influential programs…Want/need higher quality investment advice? Then dive into the data yourself (for decades) or pay the price to work with others who have.

]]> By: Barry Ritholtz http://www.ritholtz.com/blog/2008/03/fox-business-gunning-for-james-cramer/comment-page-1/#comment-75961 Barry Ritholtz Wed, 26 Mar 2008 02:25:40 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/03/25/fox-business-gunning-for-james-cramer/#comment-75961 If I edit a response into your comment, it usually means I respect your views, but want to correct something or defend myself. (This is a good thing) On the other hand, if you write something really obnoxious, and then I reread your prior comments, I may decide that you add nothing to the conversation here. So I toss your comments aside -- delete -- at least the really obnoxious and/or dumb ones, and throw your IP address on my do not disturb pile. You are free to be a troll or a flamer or merely an asshat -- just not here . . . If I edit a response into your comment, it usually means I respect your views, but want to correct something or defend myself. (This is a good thing)

On the other hand, if you write something really obnoxious, and then I reread your prior comments, I may decide that you add nothing to the conversation here. So I toss your comments aside — delete — at least the really obnoxious and/or dumb ones, and throw your IP address on my do not disturb pile.

You are free to be a troll or a flamer or merely an asshat — just not here . . .

]]> By: Larry http://www.ritholtz.com/blog/2008/03/fox-business-gunning-for-james-cramer/comment-page-1/#comment-75960 Larry Tue, 25 Mar 2008 21:31:41 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/03/25/fox-business-gunning-for-james-cramer/#comment-75960 Reminds me of a movie poster. Just need Ralph Wiggum singing the 20th Century Fox song. Reminds me of a movie poster. Just need Ralph Wiggum singing the 20th Century Fox song.

]]> By: Flic http://www.ritholtz.com/blog/2008/03/fox-business-gunning-for-james-cramer/comment-page-1/#comment-75959 Flic Tue, 25 Mar 2008 18:41:19 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/03/25/fox-business-gunning-for-james-cramer/#comment-75959 Fox...credible?? Isn't this the same network that has Mike Norman and that Michael Bolton look-a-like ReMax guy that is a supposed 'financial expert'??? Fox is a joke....as is CNBC. Fox…credible?? Isn’t this the same network that has Mike Norman and that Michael Bolton look-a-like ReMax guy that is a supposed ‘financial expert’??? Fox is a joke….as is CNBC.

]]> By: SoNotInTheKnow http://www.ritholtz.com/blog/2008/03/fox-business-gunning-for-james-cramer/comment-page-1/#comment-75958 SoNotInTheKnow Tue, 25 Mar 2008 18:25:29 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/03/25/fox-business-gunning-for-james-cramer/#comment-75958 According to <a href="http://www.realclearmarkets.com/" rel="nofollow">RealClearMarkets</a> <a href="http://en.wikipedia.org/wiki/Jenna_Jameson" rel="nofollow">Jenna Jameson</a> will be replacing Neil Cavuto. Apparently Jenna is an expert on 'shorting' the market. According to RealClearMarkets Jenna Jameson will be replacing Neil Cavuto. Apparently Jenna is an expert on ‘shorting’ the market.

]]> By: JL http://www.ritholtz.com/blog/2008/03/fox-business-gunning-for-james-cramer/comment-page-1/#comment-75957 JL Tue, 25 Mar 2008 16:53:21 +0000 http://thebigpicture.dev.wilder.ca/blog/2008/03/25/fox-business-gunning-for-james-cramer/#comment-75957 They forgot "Mission Accomplished" They forgot “Mission Accomplished”

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