Jon Stewart And Jim Cramer %#%@# Hate Each Other
Jon Stewart recently took the time that was to be devoted to an interview of CNBC's Rick Santelli (Santelli canceled) and instead spent it destroying CNBC. During the destruction, a little bit of shrapnel landed on crazy Jim Cramer and being Jim Cramer — he totally flipped his sh*t and started "defending himself" on MainStreet.com.
In the 6 page article, Cramer said that The Daily Show was incorrect in claiming that he had suggested that people buy Bear Stearns stock — when he in fact was just telling people not to pull their money out of Bear Stearns accounts (which are insured against the bank failing).
The Daily Show responded with a fairly painful collection clips of Cramer recommending Bear Stearns stock. This apparently caused Cramer to book a tour of NBC's various networks so he could fan the flames a little higher.
Now, in round three of Stewart Vs Cramer, Stewart responds by getting Dora the Explorer to say "pendejo." Enjoy.
... And while we do wish this feud could go on forever, it seems that Cramer will be a guest on The Daily Show tomorrow night. Oh, joy!
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No hate from Stewart, merely pointing out things factually said by Cramer.
I haven't looked forward to anything this much since Bill O'Reily and Stephen Colbert traded guest spots on each other's shows.
This could be like the Oscar's and the Superbowl combined... but the thing about Jon Stewart is that in crucial times he sometimes kowtows a little too much and is too deferential, playing the whole, "I could be wrong and I'm just a basic cable talk show host..."
I hope this will be more like when he was on Crossfire and lambasted Tucker Carlson though.
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Cramer's ego and mouth are so big that he doesn't realize how stupid it is to tangle with someone who engages in mockery like a Jedi Master. This is like McCain ditching Letterman, and Dave chewing up the senator for days.
Disregard my comment above...it was changed right as I hit "submit" and went back to the consumerist home page. All rainbows and bunnies again...nothing but love for you guys.
Jon Stewart *IS* just a comedian, and he'll happily tell you that. One of the reasons the show has taken a slightly more news-reporting twist in recent memory is because they're all acutely aware of the fact that a LOT of people turn to The Daily Show to get their *real* news, despite regular reminders that TDS is a *fake news* show.
Cramer (and MSNBC) getting upset simply underscores the fact that TDS is more than a fake news show, and that Jon has, despite his wishes, become far more than "just a comedian."
Back when print newspapers ruled, a wise man once said: "never pick a fight with someone who buys ink by the barrel."
This is the modern day equivalent. Never pick a fight with somebody who is paid for mockery.
And we all thought Stewart's job was going to be a lot harder with Bush out of the White House. He should send Cramer a Thank You note!
oh lord..... have mercy on CNBC.
you dont wanna fuck with the programs that had a huge role in picking a US president.
good luck cramer.
cramer should just own up to it and let this end. Jon is eating him alive.....buy buy buy BEAR STERNS at 69! ITS A BARGAIN!
I just found it odd that cramer was on colbert tough.
This is one more version of someone pointing out that the emperor has no clothes and it is soooo fun to watch. The comedians are so necessary to put reality back into the world.
It's like watching a portal thru a magic portal into another world where Bambi faces off against a rabid, nonsense-spewing Godzilla. A three-inch Godzilla. And a Bambi packing a Snark Bazooka with laser-guided shells.
Boy, I can't wait!
Stewart has already won! Him appearing as guest is just like a peace treaty signing. If Cramer would of one, John would of been on Mad Money teasing the set or something... that would of been awkward
I saw something recently that said you would have been better off listening to everything Cramer said over the past few years and then doing the opposite because he's wrong much more often than he's right.
Even if he was right, you'd be better off ignoring him. By the time you hear something on any TV show, Cramer included, almost by definition you're among the last to know, and the market has already priced in his position. Heck, by the time you can get your trade in tomorrow morning, the market has already priced in the very fact that people are trading on his advice. It's a Red Queen's Race.
For most of us mortals, there's only two ways to sensibly trade the market. Buy individual stocks that you somehow understand better than the majority of the market, like the mythical small trader who bought into a shoe company because his teenage daughter told him it was cool (but watch out for those insider trading laws...). Or buy blue chips and index funds for the long haul.
Dear Jim Cramer,
Jon Stewart is a PROFESSIONAL COMEDIAN. Don't keep engaging him; you can't win.
That's a good timeline, but here's a better more complete one, feel free to use parts of it. I'm really looking forward to tomorrow.
These two need to have a final showdown at the Weehawken dueling grounds.
@RvLeshrac: It is not a *fake news* show. They do not make up headlines. They take headlines and real stories and comment satirically on them. They have always done that, since the beginning when Craig Kilborn hosted. It's not something they started doing recently.
@ theczardictates: You got that right. People need to realize the market runs by a matter of MILLIseconds, and adjusts as such. If you listen to Cramer (and the like), you've long, lonnnnnnng missed the train.
I have no problem admitting that I get some of my news from The Daily Show. While CNN is preoccupied with what kind of dog the Obama's are gonna get, TDS actually reveals the idiocy of our government and finds different "stories within the stories."
@Mr_Mantastic: You gotta love how Cramer is left with absolutely nothing more than blatant argumentum ad hominem. So amusingly childish. I love it.
Who is Jon Stewart? This brush up with Cramer is the first time I had heard of him.
@RvLeshrac: You realize, of course, that there was a study that tested viewers of The Daily Show and "news" shows, and the only audience that scored higher in being up on hard news were PBS viewers (damn pointy-heads!)?
The Daily Show audience bloodied the national news shows viewers, eviscerated Fox News viewers and stole the wives of O'Reilly viewers and did horrible, horrible things to them.
So, "fake news" for smarter-than-average audiences. :)
All Cramer had to do was admit he was wrong, but he keeps digging himself deeper.
1. Don't mess with the Stewart
2. I think Jon Stewart's Fuck You's have summed up most of thinking America's feelings
turd mining.
my new favorite activity.
@joellevand: Bingo...All this stuff of how good JS is is kinda irrelevant.
A serious (or so it claims) news channel is trying to debunk A COMEDIAN. They lost simply by starting this horse race.
I loved Crossfire (especially the Ragin Cajun). F--- Stewart for basically ending it.
What no one points out here is that Stewart's underlings at the Daily Show did a poor job cherrypicking Cramer quotes, he got called out on it by Cramer, so they did even more cherrypicking and finally found some quotes of Cramer recommending the purchase of Bear Sterns. Find me someone in Cramer's business who didn't make a poor stock pick before this disaster happened. The problem is, there are two important facts that Stewart doesn't mention:
1. Cramer called the housing crisis a year before it happened, much more important than a bad stock pick.
2. Stewart was originally calling out Cramer for criticizing Obama's economic policies, basically insinuating that because Cramer made some poor stock picks that he's not qualified to criticize Obama's economic policies.
I can't believe I'm the only one defending Cramer here since I'm a moderate, politically-informed college student and should be gargling Stewart's semen just like the rest of you. Just once though, I urge all of you to take a step back and realize that it doesn't always taste that great.
Even though Stewart IS a comedian, his show has more credibility than Cramer's ever did.
This ought to be interesting. Cramer appears unable to ever admit he could be wrong and is such a hot head. Stewart could send him all Tucker Carlson with a mere word.
Stewart is right about everyone and everything but himself.
Stewart is really a not so-secret journalist and commentator. Despite his assertions to the contrary, his is a fake news show that has the freedom to mix in real news and views - when they want. And they do. But whenever someone says "Hey Jon, why didn't YOU do blank" Jon says ""who me not me not responsible I'm just a comedian."
That's code for "I'm not responsible for anything."
It's not that Jon isn't a social commentator or pundit. Whenever someone like Bill Maher point out Jon is, Jon goes right back to the "who me schtick."
It's immature. This is the same as when Jon went after Crossfire. He wants pundits to responsible for what they say. He wants financial pundits to be responsible for what they say.
Jon, be responsible for what you say. Stop being such a pussy.
Sorry I meant Bill Moyers above.
I would like a question I have answered.
Why is this article on The Consumerist so blatantly anti-Cramer?
I mean, I have to deal with this crap on other sites, I didn't expect it from The Consumerist.
MSNB-CSI:Miami is the funniest thing i've ever heard.
Whether people take it seriously or not, god bless The Daily Show and Jon Stewart.
Give 'em hell, Jon!
@twophrasebark: For the most part he's right. The Daily Show prime purpose is to make people laugh. He points out crazy things in current events. When he went on Crossfire, they were trying to back him into a corner with his handling of interviewing John Kerry, to which he said something along the lines of "You're CNN! The show that leads into me is puppets making crank calls!"
CNN's whole purpose is to deliver the news. TDS's purpose is to make you laugh. The fact that a lot of people seem to get a better understanding of current events from TDS is rather embarassing for CNN.
re: your 2nd point: If Kramer was so prescient about calling the housing crisis, then why did he recommend buying stock in any financial firm that was so entangled in the reverberations of the housing crisis?
@Dyscord:
Those guys on Crossfire were buffoons but one of their points was on the mark: Stewart missed an opportunity to seriously question Kerry. His position that he doesn't have to doesn't ring any truer than the position of the guys he was grilling.
They're pundits. He's a pundit. You can play semantics, but his calling them out was simply disingenous based on his own interviewing. I mean, c'mon, you expect Tucker Carlson to do serious journalism?
If you go back and watch the Crossfire segment, John dodges the ridiculous questions from the hosts or people in the audience during the segment by pretending he didn't know about the bulge in Bush's jacket or O'Reilly's sex scandal. Of course he knew. He didn't want to get involved. I agree with him. But while he has the tremendous freedom on his show to do whatever he wants - flip from serious grilling of a guy like Jim Cramer to - then sudenly say "I'm a comedian" when he throws softballs at John Kerry...
Look, it's the pot calling the kettle black. If the newspeople grill these people hard, they lose access. Stewart knows that and that's why he doesn't take on someone like Kerry.
@Mr.DuckSauce,
Do you?
There is no satire in his attacks on Jim Cramer. It's a lot closer to Edward R. Murrow than Robert Benchley.
And that's my point. Sometimes Stewart uses his show to make comedy and sometimes he uses it for more serious issues. And that's awesome. But Jon wants to have his cake and eat it, too.
You can't hold people to the fire and then not hold yourself up to the same scrutiny.
@stevejust: That video never gets old. I love that they canceled the show within days of this interview.
now where i understand that cramer is not advocating buying and or selling of bear sterns in the original clip explicitly, i think theres alot of implicit things going on there.
firstly, its a show that has a big emphasis on picking stocks so its already weighted against cramer, the question is should he take his money out of bear sterns? while it could be an investment question, it could be a stock question, which is notable because they show a graph of bear sterns STOCK. they didn't show an FDIC graph, or anything like that, it was STOCK. and he said bear sterns was fine. he definitely didn't say sell it.
cramer was wrong on this.
Did everyone else see the smile on Cramer's face when he heard the "apology" and how quickly it left his face? The guy is taking it like an attack when it simply a statement of fact.
Cramer is so pissed, but tries to play if off by saying that Stewart is merely a "comedian," when he knows that Stewart is 100% correct. I am looking forward to the explosion tomorrow, and Cramer crawling back to CNBC with his tail b/w his legs. F-you, CNBC!