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Wednesday, March 11, 2009

donharrold - Jim Cramer on The Daily Show: PR Stunt


March 11, 2009
The moment Jim Cramer's PR people decided to let Jim appear on The Daily Show, the die was cast. Jon Stewart's crusade to expose Jim Cramer will end tomorrow night. Jim will be allowed to: 1) Admit he was wrong about Bear Stearns, but, "hey, so was everybody else, right?", 2) Take credit for being "right" at "Dow 10,000" on October 6 (meanwhile, he continued to make hundreds of stock picks since that underperform even THIS crappy market), and, 3) He'll take credit for being "the only guy" calling this bear market, arguing to bring back the uptick rule, and, his "rant heard round the world," - all the while, ignoring the fact that if he knew all that, his stock advice should have reflected such wisdom.

This is a PR stunt that I fear will end the media's recent almost-credible exposes on Jim Cramer.

A sad day for investors tomorrow, I'm afraid. Sad day.

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