Wednesday, March 11, 2009

Jim Cramer and Jon Stewart tussle -- reported by Jeanie Moos

This is an amusing video from CNN on the spat between Jim Cramer and Jon Stewart. I sympathize with Cramer. Stock shows have many bad picks, and it is not fair to sort out the bad ones. Secondly, Jon Stewart is a comedian, and he is just trying to be funny -- not to make a point. 

There  is the idea that by the time something makes it onto CNBC, its value to help your stock portfolio is gone. Too many other people see it at the same time. As mentioned below, Nassim Taleb is of that opinion.  In my view that is exaggerated, there has to be a value to being well informed. The problem is over-reaction to news.