Friday, March 13, 2009

Stewart doesn't know what he is talking about

One of the hottest topics in the investing world is the 'Daily Show' aired yesterday with Jon Stewart interviewing Jim Cramer. Here's the link:

http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220533

It is clear that Stewart is just trying to blow off some steam and unfair with Jim.

Jim provides a service to individual investors. He gives the inside scoop on Wall street and the workings that most of us just won't know otherwise. Does he have any idea how much valuable information Jim has given us through the years?

The whole financial mess is a combination of greedy bankers and frankly greedy politicians as well. Not the fault of CNBC and even less so Jim.

There are traders and investors. Some prefer to trade often, tracking the markets. Some don't want to look at it for years. CNBC provides information to all. Interviews and shows aimed for traders are not for the casual investors. Stewart doesn't even seem to understand that point.

Jim was way too nice on the show and unnecessarily apologized for false attacks from Stewart. 

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