Friday, March 13, 2009

Gibbs: I Thoroughly Enjoyed Watching Stewart Skewer Cramer (VIDEO)

Yeah, I'll bet he enjoyed it!

Robert Gibbs, who has thrown his share of punches at the CNBC brass, said he took thorough enjoyment in watching Jon Stewart's skewering of CNBC's Jim Cramer during Thursday night's much discussed 'Daily Show' interview.


Read more at HuffPo.


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Jim Cramer on The Daily Show

I almost feel sorry for him, but there is no such thing as bad publicity. Cynically I can't help feeling like, as cathartic as it's been for us, the guy got massive exposure out of this.

But I'm still glad Jon nailed him...






More video at The Daily Show on Comedy Central.

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Wednesday, March 11, 2009

Cramer-isms

Cramer is going to be on Jon Stewart's Daily Show Thursday -- let's hope Jon asks him about this...

-On falsely creating the impression a stock is down (what he calls "fomenting"): "You can't foment. That's a violation... But you do it anyway because the SEC doesn't understand it." He adds, "When you have six days and your company may be in doubt because you are down, I think it is really important to foment."

-On the truth: "What's important when you are in that hedge fund mode is to not be doing anything that is remotely truthful, because the truth is so against your view - it is important to create a new truth to develop a fiction," Cramer advises. "You can't take any chances."

-On manipulating the market: 'A lot of times when I was short at my hedge fund, and I was positioned short, meaning I needed it down, I would create a level of activity before hand that could drive the futures,'

-On falsely creating the impression a stock is down (what he calls "fomenting"): "You can't foment. That's a violation... But you do it anyway because the SEC doesn't understand it." He adds, "When you have six days and your company may be in doubt because you are down, I think it is really important to foment."

-On the truth: "What's important when you are in that hedge fund mode is to not be doing anything that is remotely truthful, because the truth is so against your view - it is important to create a new truth to develop a fiction," Cramer advises. "You can't take any chances."

Read more at HuffPo.

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Tuesday, March 10, 2009

Cramer vs. Stewart

JIM CRAMER: A comedian's attacking me! Wow! He runs a variety show!
MEREDITH VIEIRA: Okay, but you know what he's saying about you, that you advised investors to buy Bear Stearns. You said you were taken out of context.
CRAMER: On October 6th, 2008, I came on this show and did something you're never supposed to do if you have a stock show. I said people should sell everything. That was thirty-five percent ago. Whatever he says about Bear Stearns, this or that, that was a call that should have wrecked my career, and it would have if the market had gone up.



So Jon Stewart of course, has a reply... Nobody told him that you shouldn't get into a pissing match with Jon Stewart?



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Thursday, March 5, 2009

Jon Stewart once again nails exactly how we feel.\






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Sunday, March 1, 2009

Palin 2012 Watch

I report, you decide, but remember that four years before the last election nobody knew who Barack Obama was, and everyone thought Hillary Clinton would be the front runner.

When asked who they would like to see running for president in 2012, Republicans cite familiar names from the 2008 presidential campaign season, topped by vice presidential nominee Sarah Palin. This is according to a CNN/Opinion Research poll that provides a very early test of GOP voters' preferences.

Palin, the governor of Alaska, led with 29 percent among the 462 Republicans who responded to the poll taken Feb. 18-19. Palin built a sizable fan club on the Republican right as the party's surprise vice presidential pick with her effusive campaign style and strongly conservative views, though she committed several stumbles that raised serious doubts among many other voters.
More at CQ Politics's Poll Tracker.

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