Tuesday, March 10, 2009

Jon Stewart Goes After Cramer: The Daily Show is Out of Their League

I guess with Bush back at Crawford all Stewart has left is his strange hatred for guys at CNBC. I love how he goes after Cramer on a stock pick weeks before the collapse. Um, Jon you know the Stock Market changes from week to week right? Check out this video



Of course Stewart doesn't say that even Warren Buffett was looking into buying a portion of Bear Stearns back in Sept 26, 2007. That was when the stock was trading at $123 a share. I'm sure Jon will now have to scream "F*ck You!" at the worlds richest investor. That is of course after he strings together a bunch of out of context stock picks by Buffett and uses "Oracle of Omaha" with little air quotes.

Cramer now needs to do the Daily Show and tell Stewart where to go. Jon is a funny guy but he should stick to Bush bashing and making faces. I think debating Tier 1 capital requirements at Citigroup is a little bit over his head and makes for bad entertainment on a comedy show.

It is sad when entertainers try to wrap their heads around financial matters. It is like watching a baby trying to comprehend D-brane states and annulus amplitudes in OSp invariant closed string field theory by Yutaka Baba. A lot of screaming followed by a little off camera crying.

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