Wednesday, March 18, 2009

Another Quote Without Comment

Jeff Zucker, the chief executive of NBC Universal, has called comedian Jon Stewart "incredibly unfair" and "completely out of line" with his recent witty criticisms of CNBC, of Mad Money host Jim Cramer and of the entire financial media in general.

For another viewpoint, go to Barron's online and read:

Shorting Cramer
by Bill Alpert of Barron's

"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 . . . you would have been much better off in an index fund that simply tracks the market."

http://online.barrons.com/article/SB118681265755995100-email.html

. . . an excellent two-page article examining Cramer and how his numerous stock market picks have fared.

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