Cramer (the Diplomat?) on Colbert
Yesterday morning, we posted the vicious — and amusing — Daily Show takedown of CNBC. It was a brutal, nasty but truthful piece, and I mused that “I would love to be a fly on the wall in whatever PR meeting takes place about this today…”
Well, someone over there is on the ball. In what can only be described as smart PR on the part of CNBC, they sent Jim Cramer into hostile territory to charm Stephan Colbert into submission.
And as much as people love to diss on Cramer the pundit, Cramer the diplomat was surprisingly charming.
Go figure.
Last night’s embed video clip isn’t available, but the full episode is up at Colbert Nation — go to 3:00 mark for the start of the Wall Street segment.
I will post the Cramer clip it as soon as they make it available. (Here is Cramer’s last Colbert appearance).
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Market Psychology – Jim Cramer
Jim Cramer discusses the psychology of the market with puppies and kittens behind him.
Market Psychology – Jim Cramer
>
(07:50)
Previously:
Daily Show vs CNBC (March 5, 2o09)
http://www.ritholtz.com/blog/2009/03/daily-show-vs-cnbc/
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March 6th, 2009 at 6:55 am
BR: I think you’d be a good guest on John Stewart.
Can somebody get the word to him?
March 6th, 2009 at 7:02 am
Sorry, not buying it, Republican Ritholtz. Lately, I have been tuning out Colbert as soon as The Daily Show is finished because his parody has cut a little too close. Or maybe my fellow Republicans have so exhausted my patience that I cannot even stand a parody of a conservative show. I figure Cramer showed up on Colbert on CNBC’s calculation that half of Colbert’s viewers don’t realize it’s a parody.
There will be no quarter given to CNBC. On the day after Stewart’s smackdown, I saw Maria Barforomo prod some Exxon executive into making some critical comments about Obama’s plan to exact higher royalty payments on Exxon’s leases in the U.S. Boo-hoo! That fucking Obama, trying to get some additional revenues for taxpayers and our $11-trillion-in-debt government from a company that made $45 BILLION IN PROFIT LAST YEAR. Boo-hoo. Then, some assclown started talking about how struggling American companies will be hurt further by “air pollution” legislation that Obama wants; the implication is it’s just not the right time to do the right thing.
U.S. companies will continue to suck ass economically until they figure out how to make money while doing the right thing consistently. American slackerism propped up by ethical short cuts will not cut it in the world anymore. The Dow Jones False Prophet Index will never sustain five figures until that happens and until CNBC is radically changed or off the air. Out.
March 6th, 2009 at 7:42 am
@CNBC
Dude, chill the heck out! Have some coffee. Eat some Rolaids/Tums. Try some Yoga, I’m told it helps…helps something or other. (a bit too much on the intensive activity side for yours truly)….anyway….
Take some tranquilizers…hell eat the majority of the bottle – for additional tranquility, I should point out, not to speed the moment of your demise! Then drink some Jack Daniels – or whatever your personal favorite rotgut liquor happens to be – followed by about a case of beer. That epic bout should be accompanied by even more downers. Rinse and repeat until either;
a) Your blood pressure is substantially below whatever it was when you posted that lightning storm above
or
b) You wind up in a semi-catatonic state, numbly staring at the TV (tuned into CNBC ‘natch) and trying to remember your own name.
or
c) You heroically decide to throw another shit fit on TBP but discover that you now love everyone and can’t manage more than a sentence followed by a non verbal grunt.
Sheesh, I dislike CNBC too dude, and have commented to that effect on more than one occasion previously, but seriously….my vitriol, although honed by years of accumulated hatred towards idiots, infotainment, and indoctrination, absolutely pales in comparison to yours.
I dunno whether to diss you or salute you. Awww screw it……..
[boggie throws an awkward, ill coordinated drunken salute in the general direction of CNBC Sucks]
./Boggie
“I have taken more out of alcohol than alcohol has taken out of me.”
–Winston Churchill
“Whaddya mean it’s too early to start drinking? No it isn’t! It’s after 12 noon somewhere in the world”
–Fred Pasternack
March 6th, 2009 at 7:45 am
No
March 6th, 2009 at 7:52 am
They both realize they are in the entertainment business. This is cross polination. More viewers for both. Win Win.
March 6th, 2009 at 8:36 am
This whole thing makes me giggle :)
BTW, The clip of the CNBC beat down was the number one item dugg on digg.com yesterday, it only makes the beatdown worse :)
March 6th, 2009 at 8:40 am
……Serial killer are also often noted for their “charm” not to mention that guy with the moustache….I wonder if Cramer likes dogs and cream cakes too?……Whether this goes anywhere depends on Stewart and if he decided to make it his shtick for the next few weeks…….I see Cramer is already up with some opinion piece claiming, like Santelli, that he’s being threatened by the white house…….Maybe it was Cramers dog who was upset by Gibb’s body language this time around….As I say it’s all up to Stewart but he does have a history of extracting all the gold from a seam and boy CNBC is rich with ore.
March 6th, 2009 at 8:40 am
back in School, we learned: “Never a Bullshit a Bullshitter”
no doubt Colbert had his hands full w/ Cramer..
March 6th, 2009 at 8:45 am
in the quote, only one ‘a’ necessary, the second one..
March 6th, 2009 at 9:18 am
Funny how many Street types dug the CNBC segment so much, but didn’t mention the equally fantastic broadside on “the market’s opinion” and the all-knowing wisdom of the DJIA that followed.
Even Stewart’s analysis when he was talking to Nocera is right on. On the whole, a thorough, very bright, and long overdue smackdown of the financial sector, which has perversely believed (and, perhaps, always believes) that it judges everything right, even as its stocks continue to out-tank the market tankage. Eighty-four percent down is at least 51% wrong.
March 6th, 2009 at 9:19 am
CNBC needs to learn a lesson. You can’t talk out of both sides of your mouth without biting your tongue.
March 6th, 2009 at 9:29 am
I feel sorry for the Cramer guy. His psychiatrist must have her hands full with him.
March 6th, 2009 at 9:49 am
carmen101, probably…I’ve been a Cramer fan of sorts since I was a very early TheStreet.com reader and even subscriber (not for over many, many years though!)…I think he has been sucked along into his on-air personality, which has become a life of its own.
Another example is Howard Stern, who at one point maintained two personalities; one on-air and the other one off-air, with a wife of many years and kids at home that he didn’t let listen to his show. Seems like his on and off-air personalities eventually merged and his home life went away and all that is left is the on-air personality…
It sure looks like he has fun on-air, and a lot of people enjoy it. I just don’t think he expects anyone to learn from him now or follow his advice like they may have when he wrote some pretty good stuff in the late 90′s…
March 6th, 2009 at 9:50 am
Oops, bad paragraph phrasing, last para should start “As for Cramer, it sure looks like…”
March 6th, 2009 at 10:23 am
@ CNBC Sucks:
“U.S. companies will continue to suck ass economically until they figure out how to make money while doing the right thing consistently. American slackerism propped up by ethical short cuts will not cut it in the world anymore.”
Some of your best ever bro… you’re on fire!
March 6th, 2009 at 10:32 am
Cramer the sociopath is more like it.
March 6th, 2009 at 11:05 am
Thanks, I-Man. Having said that, let me clarify my position.
Just so everyone understands, although I am totally down on the Dow, I have no “vitriol” whatsoever towards the S&P 500, the NASDAQ, or American industry in general. We still have the best innovation engine in the world. Google does not make cars that strand you on the road. We have a ton of exciting new companies that will be HUGE. But the Dow is not innovation, and I hate the way CNBC promotes and idealizes a portrayal of American business as a bunch of simpletonian, irresponsible goons. I also hate how CNBC goes out of its way to make it appear that established companies are the end-all and be-all of the US economy. CNBC’s idea of capitalism is not capitalism, but a caricatured capitalism that is red in tooth and claw, always opposed to environmental causes or regulation or social responsibility in general. In fact, I meant to point out that the poor Exxon exec seemed to be goaded by Maria into saying a few words in support of the CNBC Fascist Manifesto. Even Exxon probably is a lot more responsible company than we give it credit for and more responsible than what money-grubbing, short-term-profit-obsessed CNBC would like Exxon to be.
Except when it has brilliant people like Peter “The Libertarian” Thurk and Smooth Scott Sperling on – and then, those moments are rare treats – CNBC is generally a discredit to American business. It gives American business a far worse image than it deserves. In all my career in American business, I have never seen executives who have allowed themselves to be portrayed as myopic, simple-minded, perpetually anti-government, or otherwise obnoxious as many of the people you see on CNBC.
We American businesspeople deserve better than CNBC.
March 6th, 2009 at 11:21 am
Amen CNBC Sucks. Amen indeed.