Fox vs. Jim Cramer

I watch a variety of shows including MSNBC, FOX and CNN. On each network, some of the talent I like, some I don’t.

In the fall last year, I was surprised to see Wall Street virtually ignoring the financial meltdown that had reared its ugly head. Gas was going up and the financial sector going down generally doesn’t bode well for business or consumers.

But the talking heads on most shows were peddling stocks and the stock market providing forecasts that to me were crazy. Home sales were going down and lenders were closing their doors. How could that not impact stock values.

Jim Cramer was one peddler in particular caught my attention because he was always screaming. So much so, I always muted the TV. I was surprised to see him take such a full speed ahead approach to investing. What I know is that this talking heads have an inherent interest in recommending you buy.

At the very least, I thought he should have turned a bit conservative. I thought he was dead wrong but what do I know?

Fox Business News has taken him on personally trying to discredit his advice. The video link below is almost shocking:

http://gawker.com/5059535/jim-cramer-begs-america-to-abandon-hope

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