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The fact that he still had a job after his 2008 mistake of insisting that Bear Stearns was fine and a safe place to keep your cash, is astounding. That should'v

The fact that he still had a job after his 2008 mistake of insisting that Bear Stearns was fine and a safe place to keep your cash, is astounding. That should've been an unrecoverable mistake, especially with how strongly he was certain. "Should I be worried about Bear Stearns in terms of liquidity and get my money out of there? No, NO, NO!!!" (Afterwards... 90% loss in the next 6 days.) https://www.youtube.com/watch?v=gUkbdjetlY8 https://www.youtube.com/watch?v=gUkbdjetlY8

nradov 4y ago
His job is to attract viewers. Not to make accurate stock picks. When I watch a comedy show it's because I find it entertaining, not because I actually take advice from comedians.
- smcl 4y ago
  The comparison to a comedy is a pretty silly one - comedies are pretty explicit about what they are and are pretty clearly not trying to give you financial advice or medical advice or anything like that[0]. Cramer is on a news network and tries to give the appearance of being a financial advice segment, stopping short (likely including the words “this isn’t financial advice” with a little implied wink of). It’s clear to you and I what Cramer’s deal is, but there are plenty of people out there who take him at face value. [0] - there’s sometimes product placement or even a little feel-good message about friendship or family, but rarely if ever anything that looks like actionable advice.
  - kortilla 4y ago
    Comedians that pretend to do news like Jon Stewart or John Oliver are just as harmful. Presenting biased views that shape people’s entire views of society can be much more destructive over a lifetime than bad stock picks. Destroyed family connections because people refuse nuance, non-existent careers because “capitalism bad”, etc.
- lexapro 4y ago
  His show literally starts with "my mission is simple, to make you money".
deleted 4y ago
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nradov 4y ago

His job is to attract viewers. Not to make accurate stock picks. When I watch a comedy show it's because I find it entertaining, not because I actually take advice from comedians.

smcl 4y ago
The comparison to a comedy is a pretty silly one - comedies are pretty explicit about what they are and are pretty clearly not trying to give you financial advice or medical advice or anything like that[0]. Cramer is on a news network and tries to give the appearance of being a financial advice segment, stopping short (likely including the words “this isn’t financial advice” with a little implied wink of). It’s clear to you and I what Cramer’s deal is, but there are plenty of people out there who take him at face value. [0] - there’s sometimes product placement or even a little feel-good message about friendship or family, but rarely if ever anything that looks like actionable advice.
- kortilla 4y ago
  Comedians that pretend to do news like Jon Stewart or John Oliver are just as harmful. Presenting biased views that shape people’s entire views of society can be much more destructive over a lifetime than bad stock picks. Destroyed family connections because people refuse nuance, non-existent careers because “capitalism bad”, etc.
lexapro 4y ago
His show literally starts with "my mission is simple, to make you money".

deleted 4y ago

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