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  • SEC probes TheStreet.com’s finances Read the rest of this entry »

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  • U.A.E. Leaders Try to Ease Concerns Over Dubai
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  • Cramer reverses his stance on stock-trade levy
  • SEC Watchdog Eyes Insider Trading Probe
  • Carlyle Group sued over collapsed fund
  • CBOE to demutualise ‘within days’ Read the rest of this entry »

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This is WAY too funny.  Jon Stewart gets two lampoons in for the price of one on last night’s ‘The Daily Show’.  He looks at Lenny Dykstra’s rise and fall, from his days as a brainless foul mouthed jock (what the hell was he chewing?….classy!) to financial guru living the high life in his multi-million dollar estate to bankrupt delusional.  And then Stewart ties it up with a big bow mocking his old buddy Jim Cramer who’s shown ridiculously and earnestly praising Dykstra on his show as “A guy who is applying the same skills to money that he applied to sports.  It’s brilliant!”….”Not only is he sophisticated but he is one of the great ones in this business”.

Don’t miss this one.  It’s pretty hilarious.

Yesterday’s Daily Show ‘must see tv’

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Page Six says that Jim Cramer has no sense of irony

Posted by WSF On June - 25 - 2009

Page Six pointed to a Cramer rant from earlier in the week where he was enraged at press accounts of the potential payout of huge bonuses at Goldman Sachs:

Claiming the stories were inaccurate, Cramer raged, “I wish I could have no regard for journalism. It would be the greatest thing to come out . . . just make it up. There’s no journalism jail. I’d get fired if I just made stuff up. You can lie but there’s no ability to put anyone in jail for that because of free press.” Jim, be careful what you wish for. You’ve been wrong plenty. Just ask Jon Stewart. Cramer’s rep said, “Cramer stands for truth, justice, the American way and investors.”

Lock Him Up – Page Six NY Post

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Jim Cramer, Jon StewartJim Cramer apparently isn't over the criticism that Jon Stewart heaped on him during his visit to The Daily Show last March.  Stewart really seems to have gotten under his skin.  According to Page Six:

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boxing catsFirst he rumbled with Jon Stewart.  Now Jim Cramer has another big name critic who threw down the gauntlet on Tuesday: Nouriel Roubini…

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"Protestors attempt to teabag the White House, Jon blames the media, and Glenn Beck cries."   It includes a clip from his Jim Cramer dust up, where he makes fun of himself…

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Jon Stewart Jim Cramer Rumble

In a Page Six item  they tell us that Jon Stewart's brother, Larry Liebowitz (Stewart's real name is Liebowitz) who works at the NYSE, gave him a hand in preparing for his grudge match with Jim Cramer last week.  But that's actually not the most interesting part of the article in our opinion.  It claims that after the brouhaha, Cramer's ratings dipped a bit from the days before — although they were up from February–  but Stewart's surged:

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On the morning before the big Jim Cramer / Jon Stewart showdown, Cramer made an appearance on Martha Stewart's TV show.  He and Martha chit chatted for a bit, much of it related to Jon Stewart.  Then they moved on to making a banana cream pie (fitting, because Cramer's antics include his throws them on his show) all the while discussing the economy, the stock market…

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Jon Stewart Jim Cramer Rumble
In last night's much anticipated heavyweight bout between Jon Stewart and Jim Cramer no physidal punches were thrown and no blood was spilled.  It was a calm discussion of Cramer's antics, and  the failure of financial reporting in general.  They agreed they all need to do better.

Cramer came out and Stewart started with "How the hell did we end up here?".

It ended with the promise of Cramer doing better so that Stewart "can go back to making fart noises and funny faces".  They shook hands.  And the fight was over….

The intro is funny, including clips from Cramer's earlier in the day appearance on Martha Stewart's show.  ("Bern after Pleading")

Here's the multi part video :

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"In Cramer We Trust
"Jim Cramer didn't recommend buying Bear Stearns stock a week before it collapsed — he did it five days earlier.""

Jon Stewart apologizes for taking Cramer out of context but then shows footage that kind of moots the apology.  Oops.   More lampooning of Cramer and CNBC.  Oh, and that CNBC skewering video that The Daily Show presented last week when Rick Santelli didn't show up?  Stewart says they were gonna show that anyway with Santelli there.

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Jon Stewart skewers CNBC on “The Daily Show”

Posted by WSF On March - 5 - 2009

Jon Stewart skewers CNBC, Rick Santelli, Cramer et. al  on his "Daily Show" last night. It's a trip down memory lane.  A must watch. (8:29)

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AIG CEO rips Jim Cramer a new one

Posted by WSF On October - 21 - 2008

AIG's recently appointed CEO sure isn't happy with CNBC shriekmeister Jim Cramer.  During a  Cramer rant he apparently told his flock that they should harass AIG employees at every opportunity.  Not just the management that fucked up and brought the company down mind you, but even the little guy employees.  And that set Ed Liddy off.  He penned a letter to Cramer demanding an apology to AIG employees.  Here's the letter via Deal Journal:

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This is a must-watch Today show interview with a very emotional Jim Cramer.  Close to tears, he said that even though everyone’s saying bad things about  his great Harvard Law School buddy Eliot Spitzer, Cramer says "he’ll still always be my friend"….
"I obviously didn’t know him as well as I thought."

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Some hair raising comments from "Mad Money"’s Jim Cramer at a party thrown in his honor by Gotham Magazine. When asked if he’d ever wear a hair piece he said:

"I would rather blow my head off . . . Never, ever, ever . . . They are phony. They are horrible. Same with hair transplants. I like cornrows when they are in an Iowa field . . . I would never even dye my hair. The only thing I have is my authenticity. No, no, no!"

Hopefully he feels the same about the dreaded comb over.

We suspect that Cramer was talking about the neat but telltale rows of hair shrubs when he referred to cornrows.  But we got to wondering what Jimbo would look like with real cornrows.  So here he is, compliments of Photoshop and David Beckham.

Too Much Gin – NY Post Page Six

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And speaking of Cramer: Don’t bet on Jim Cramer’s stock picks according to  Barron’s.  Their cover story is devoted to him, and after what they say is an in depth analysis of his advice, concludes that you’d be better putting your money into an index fund:

It’s those stock picks that caught our
attention. Cramer, by all accounts, had a stellar career as a hedge-fund
manager. And he is held out by CNBC as the guy who can help viewers make big
money. But a comprehensive and careful review of his stock picks by Barron’s
finds that his picks haven’t beaten the market. Over the past two years, viewers
holding Cramer’s stocks would be up 12% while the Dow rose 22% and the S&P
500 16%, according to a record of 1,300 of the CNBC star’s Buy recommendations
compiled by YourMoneyWatch.com, a Website run by a retired stock analyst and
loyal Cramer-watcher.

We also looked at a database of Cramer’s
Mad Money picks maintained by his Website, TheStreet.com. It covers only the
past six months, but includes an astounding 3,458 stocks — Buys mainly,
punctuated by some Sells. These picks were flat to down in relation to the
market. Count commissions and you would have been much better off in an index
fund that simply tracks the market.

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DonaldTrumpCramerParisLindsayBritney-001

This sounds like a cross between Surreal Life and "The Apprentice":  Page SIx says Donald Trump thinks he has a way to save his faded "Apprentice" concept.  For his upcoming "Celebrity Apprentice" he wants fallen publicity hos Britney Spiers, Lindsay Lohan and Paris Hilton to become part of his cast.  Interesting concept.  And way to go Donald, for coming up with an idea to breath some oxygen into a show already on life support.  And who else is already set to appear on the show?  None other than Mad Money’s Jim Cramer, for one (his ratings are reportedly down too). Also scheduled to appear: Carmen Electra, Joan Rivers, Naomi Judd, George Foreman, original "Apprentice" villain Amorosa, Kimora Lee Simmons, Pete Rose, Dana Patrick, Tony Hawk and Jeff Gordon.  The celebrities will raise money for charity along the way.

The Donald tells Page Six he’s talking with Britney Spears about appearing on his upcoming "Celebrity Apprentice," and that Paris Hilton has also expressed an interest in being scrutinized by the mega-mogul. He’s also planning to call Lindsay Lohan this week to see if she’d be willing to try to salvage her plummeting career on the show.

"We’re negotiating with Britney right now. Can you imagine her doing it?" Trump told Page Six. "We’re not sure what will happen. She’s a
[bleep]ing mess. And that little reality show she had did nothing. But she likes the idea of being on television and I think she’d be great." Hilton, he adds, "wants to be on, and we’re thinking about it, but I don’t know if we’re going to do it."

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Viewers’ love affair with Jim Cramer seems to have come to a screeching halt as the show has fallen into the ratings toilet:

Cramer got so much ink from his success
that, he wrote recently, people started to hate him for it. In fact, Cramer
wrote in the June 4 issue of New York magazine, “for every person who likes
what I do, there are a dozen who hate me for it.”

Well if Jim’s correct, a glimpse at the latest ratings book – which shows a 39
percent drop in the audience for the 6 p.m. show – far fewer people like him.
Which means far fewer people hate him. Right?

The folks at Nielsen report that Cramer’s 6 p.m. show attracted an average of
just 57,000 viewers. That’s not helping “Fast Money,” CNBC’s show at 8
p.m., which saw ratings tumble 57 percent to 56,000. Nielsen only monitors shows
that draw a minimum of 51,000 viewers – under that and it’s a scratch.

Exec’s A Producer/Ratings Drop – New York Post

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It sounds like it could….

The host of CNBC’s daily program "Mad Money" had hedge fund-trading desks buzzing yesterday after he bragged about manipulating stock prices during his days as a trader.

In the video from TheStreet.com’s "Wall Street Confidential" Webcast, Cramer boasts about manipulating the price of a high-flying stock down, and even acknowledges that doing so might have been illegal. The video is making the rounds on YouTube.

"A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It’s a fun game," Cramer said in the Webcast, which was moderated by TheStreet.com Executive Editor Aaron Task.

Cramer Reveals A Bit Too much – New York Post

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Video: Jim Cramer on the Colbert Report

Posted by WSF On January - 19 - 2007

JimCramersMadMoney-WatchTvGetRichBookCover-001

Here’s a video on Jim Cramer’s visit to The Colbert Report on January 9 where he hawks his latest book that came out in December: "Jim Cramer’s Mad Money: Watch TV, Get Rich":

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The cult of Jim Cramer invades college campuses

Posted by WSF On January - 15 - 2007

JimCramer-12"It’s clear that I have no idea where I’m going. It’s also clear that I have severe mental problems," according to Jim Cramer.  And that’s one reason he thinks that his ‘Mad Money’ has a cult following college students:

Cliff Mason, Cramer’s 22-year-old nephew, said he’s not surprised that students found the show. A day or two into the broadcast, he recalls, "I said: ‘Jim, this is great. You realize you’re making a television show that, like, 1 percent of the population is going to understand.’ "

He meant that as a compliment. Mason declares "Mad Money" one of the few true examples of MTV-bred television: a show aimed at conquering short attention spans.

"You’re flipping through the channels and some guy’s throwing a chair. Some guy’s shouting at you. Some guy’s wearing a diaper," said Mason, a senior at Harvard. "It’s sort of compulsively watchable."

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