The Cramer Stewart Slam Down
Jim Cramer hosted the famous infotainment program Mad Money on CNBC. He is a famous author and writes frequently on some renowned business magazines such as the Time Magazine. He is a co founder of The Street.com. Today, he is a market advisor and commentator for the same. Jon Stewart, on the other hand, hosted the Daily Show.
The recent interview between Jon Stewart and Jim Cramer commonly referred to as the Cramer Stewart slam down provided entertainment and information on the stock market at the same time. As expected, both experts revealed a lot of hidden secrets on various stock market strategies.
The transcript of the interview makes for interesting reading. Jim Cramer always made controversial statements on his shows. Even though his picks of the stock were often very profitable for his viewers, some of his selections were suspicious.
Some of them created a negative popularity, but he always had explanations for his statements. He described how hedge fund managers manipulated stock prices to earn big money illegally. His critics believe that he had employed his influence among his investors to manipulate the price of his stocks and hedge funds.
Jon Stewart used this interview an exclusive opportunity to bring out much awaited explanations from Jim Cramer. He hammered Jim Cramer with awkward, but relevant questions and Cramer’s reaction proved that he was not comfortable with those questions. Jon Stewart used various video footages which showed Cramer holding in-depth trade discussions as a hedge fund manager. Some of his comments were indeed controversial.
The point Cramer was trying to make was that he never urged his viewers to invest in any stocks just because he recommended them. One can check the companies by visiting their websites and reading their call transcripts. One should only make his choices after serious evaluation of the available data.
The comments Jim Cramer made about the financial crisis was widely criticized. Since Cramer had a lot of ardent followers who blindly invested in what Cramer recommended, the financial crisis had a severe toll on them. Even though Cramer and CNBC officials later corrected their views, the harm was already done. Stewart was able to establish that people like Cramer should exercise more caution before making comments on decisive topics such as the financial depression.
In fact, Stewart controlled the outcome of the interview to such an extent that viewers felt pity for Cramer. But Troy Patterson, a famous critique, supported Cramer on slate. He is just a television celebrity who happens to be exceptionally professional in his job. His expertise attracted many Americans who once doubted the stock market as a potential money earning venture. Cramer exploited this situation and created a large web of followers who eagerly awaited the Mad Money in CNBC. Summing up, the Cramer Stewart interview was something that satisfied their fans and critics alike.
