All he cares about is getting ratings!
He made Cramer a scapegoat/CNBC for the sake of his show.
Even if CNBC has started warning of the collapse ahead of time, there is no guarantee that the investing public would have taken heed.
Cramer is a master investor and has proven it with his show.
All of his stock predictions don’t come true.
I don’t expect them to. I now how fickle the market can be.
I will listen to the opinions of the so-called "pundits", but I would NEVER run out and start buying/selling based on their opinions.
The most valuable asset Cramer offers the public is a perspective on investing which is unique, flexible and the result of a very-experienced eye.
When I invest, my final decision is based solely on what I think, not what Cramer or CNBC or the alley cat across the street thinks or says.
That way, I have nobody to blame but me for any losses.
Suppose that Becky Quick and Joe Kiernan and David Faber et al had started saying: ”Get out of the market now! The financial system is about to collapse!! Shares of Bank of America and Citigroup are headed to single digits!”…. I would not have converted my entire financial sector into cash.
Stewart made Cramer a scapegoat for the frustrations most Americans are feeling as a result of the meltdown.
The meltdown and the anger that has grown out of massive swindles on Wall Street has created a hunger for vengeful finger-pointing by the investing public.
All Stewart did in the Stewart vs. Cramer show was provide fodder for the blame-game.
He was feeding the hungry!
And he KNEW it!
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