Now the financial blogosphere has largely come out in defense of Cramer but I have long agreed with John Stewart’s notion that CNBC and Jim Cramer don’t promote his show in a responsible manner.
The responsible thing to do would be to readily acknowledge that he is wrong at least as frequently as he is right. Instead they say, “In Cramer We Trust,” implying that Jimbo the Clown is the God of the stock market, in other words, infallible.
I also have to heartily agree with Dora the Explorer. In the video she poignantly says that she has a problem with “him creating a false sense of urgency that helped hyper-inflate the bubble.” Word to your madre, Dora.