gaffano Wrote: ------------------------------------------------------- > I am sure that it would be fairly easy with a > little determination to take bits of Daily Show > clips over the years and craft a Mosaic that would > illustrate a point of view and make the DS look in > the wrong… Dude, the Daily Show is a comedy show.
…and a good one at that. No dispute there. I was just proposing a theory that suppose you wanted to say Stewart has a racist bias (not that he does, but just for arguments sake) beyond the bounds of acceptable satire…I am sure you could piece together a mosaic of various clips/sound bites that could make this assumption look extremely valid and convincing to the someone unfamiliar with the DS. However, if you were someone who watches the DS fairly regularly, and are able to put these clips/SBs into context, you would know this is not a fair portrayal of what is reality…
pacmandefense Wrote: ------------------------------------------------------- > letter of the law / intent of the law…CFA Level > 2 stuff! is that L2 ethics or something? i haven’t read ethics yet
Alright, I’m surprised no one caught this DealJournal story. I was not following this post but figured someone saw it: March 12, 2009, 5:30 PM ET Jon Stewart’s Wall Street Corner Man for Tonight’s Cramer Battle http://blogs.wsj.com/deals/2009/03/12/jon-stewarts-wall-street-corner-man-for-tonights-cramer-battle/
there’s something i dont understand logically. if institutional trader’s are the main ones that follow CNBC, and CNBC is purportedly running their lousy non-investigative reporting, wouldnt the traders be in the craphole?
I’m not a Cramer fan, but I was actually proud of him on the Daily Show. He went there knowing what was coming and took his punishment. Maybe he’s not a serious analyst, but he is a symbol of bad analysis and an unwillingness to ask probing questions of management. I mean, the guy said clearly that he trusted these people because they were his friends! I wish every analyst who gave crappy advice during this whole market phase could get a public skewering like Cramer did. Many of us probably listened to analysts who cheered on certain companies as they swirled down the toilet, only to cut their target prices in November 2008 because 300% upside looked stupid. Instead, they were willing to grant that there was only 80% upside. Cramer made no excuses for himself. He said he was wrong, his friends betrayed him, and aspects of the system that can be manipulated need to be reformed. He probably now understands really well how much public outrage there is at lousy investment analysis. Maybe he will learn a lesson from this. I have less hope for the self-righteous apes who can give you a thousand reasons why their contractually agreed “bonus” is well deserved and why tighter CDS regulations are going to wreck capitalism as we know it.
First off, I think comedy shows should be comedy shows that satire society, not personal commentaries/soap-boxes. When they deviate from this, they lose some of their credibility. That DS interview clearly was not comedy show. Letterman did the same thing with Bill O’Reilly. I am a HUGE Dave fan, but after that political soap box, I lost some comedic respect for him. (BTW, I do not like Cramer or O’Reilly) Second, to equate Cramer with financial journalism is a joke. His show is geared towards people in the market who do partially see the market as a game and entertainment. If Stewart wanted to make a point of bad journalism, he should have focused on possible faults with FT, WSJ, NYT, BW, etc… Third, to paint a picture that everyone in CNBC is in bed with CEOS and does not represent the view of the average middle class guy, is not accurate. Santelli’s point that “some” people acted irresponsibly when they lived beyond their means is shared by many low/middle class Democrats, Republicans, Black, White, etc. I am not sure if Stewart understands the demographics sharing this frustration. Forth, to cherry pick clips/ sound bites that make CNBC look like a journalistic joke is not completely accurate. To someone who never watches CNBC, you would think that all they do is ask CEOS how cool it is to be rich and hang out with Kid Rock, while promoting insider trading/reckless day-trading. Stewart has some valid gripes, but the forum and focus was inappropriate IMHO…