Well, Jim Cramer finally took the bait and appeared yesterday on The Daily Show w/ Jon Stewart. Reviews have given an overwhelming “victory” to Stewart, who skewered Cramer and his network CNBC over their failure to see the economic collapse in advance.
Below is a YouTube clip of the UNEDITED interview. WARNING: THERE IS PROFANE LANGUAGE USED in this clip. By the time you click on it, You Tube may have already removed the video (let me know if they do) The TV-safe version has already been removed for what were termed “copyright” reasons with Viacom. This is the raw, unedited interview from yesterday:
http://www.youtube.com/watch?v=Z3NcxDLhmaI
Stewart just about says it all. Although they shook hands at the conclusion, the usually bombastic Cramer was a subdued and chastised shell of the hyper-kinetic nutcase that he usually shows us on “Mad Money”. I think his reputation has been severely hurt (as has that of the CNBC network) and his stature among the financial community has been torpedoed as well.
Those who used to take Cramer’s advice and act on it were clearly in the thousands—now, he’ll be fortunate if they number in the dozens.
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Have a great weekend!!!
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