Thursday, March 12, 2009

Cramer makes it worse: via TYT



Cenk explains how Jon Stewart deals in jokes, and Jim Cramer deals in financial information. Rule of thumb: comedians tell jokes for a living and deal with hecklers regularly. Challenging them kind of does take something away from you. Cramer is experiencing a kind of foment against his personal value. And since he still does a show, he's getting the feedback from his listeners telling him how they've been soaked by the down market--it isn't pretty, and maybe he gets by now how it isn't really just that all stocks are down--the point was, the whole system was on the verge because of...the manipulation and failure of people to be honest.

But the point is--calling out the comedian is a bad move. He does jokes for a living. Jokes either are funny, or they aren't. It's a less ambiguous world than finance. A joke makes you laugh. Worst case scenario--not so much. An investment can make you rich or clean you out if you went wrong. That's meaningful, and why you want to back down.

Because a comedian also has timing. He'll know your next mistake about the minute before you do.

On the plus side, comedy is still trading strong, and I do jokes, myself.

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