Fox Business Network Targets CNBC's Jim Cramer in Financial Crisis Ads
According to recent articles, the Fox Business Network (FBN) still lags far, far behind its competitors at CNBC in terms of the size of its audience.
But amid the current financial panic, FBN is hoping to win over some viewers by running a political-style attack-ad knocking the record of CNBC's Jim Cramer.
"Financially, these are crazy times," warns a scary voiceover in the ads. "The last thing you need is bad advice. The last thing you need is CNBC's Jim Cramer."
RE: Paragraphy three....I learned that 10 months ago. Get smart people.....FOX BUSINESS NEWS....They don't air BS just fact.
Fox News if you want to earn respect and ratings, emulate Bloomberg News, and hire smart, intelligent, educated people, not partisan political hacks!
This is great. I'm a subscriber to Jim Cramer's site and as many, if not most, of his subscribers will tell you, he's been giving horrible advice over the years. Here's a few things he's said and written about over the last year ..." July 25, 2008 on the Regis and Kelly Show
Regis Philbin: These are tumultuous times
Jim Cramer: I was incredibly negative a year ago. I came on July a year ago. I said don’t buy a house. Don’t buy stocks. I was very worried. I am now the exact opposite. Everyone else is worried.
I am feeling pretty darn good about things. Gasoline’s going down. It will be at $3.50 in 2 weeks. Your house price is stabilizing. Food’s coming down. I’m a buyer! I’m a buyer! I’m a buyer!
Regis Philbin: Is this the time to buy a house?
Jim Cramer: I want to buy not one house. I want to buy 2 houses. I wanna go…I’m going out to California in another month and a half. Prices were up very big there; looking at the Palm Springs area. Prices down 2/3rds. When are we gonna wait until we are down 100%?
Kelly Rippa: Isn’t it time for Regis to buy Joy that vacation home she’s dreamed of on the Florida beach? Isn’t it time for Regis?
Jim Cramer: Well, no. On the west side it’s already moved up. It’s too late. Can you believe it? East side, east side is there, 50% down. East side, I want you to go down with me and we go buy a couple. Go buy a couple!
He wrote this in New York Magazine in 2007
"Stop envying Goldman Sachs’ Lloyd Blankfein already. Don’t begrudge Bear Stearns’ Jimmy Cayne and Lehman’s Dick Fuld their millions. Let Merrill’s Stan O’Neal and Morgan Stanley’s John Mack get paid more than Croesus. You heard it here first: They deserve it. In fact, they deserve more than they earn now.
Those five men are underpaid because they are about to make you very rich if you buy their stocks. Personally, I’m partial to Goldman Sachs, the most undervalued stock of the quintet."
You're kidding, right? FOX still has that bunch of political jerks posing as financial 'experts' spewing 'advice' on matters of money?
Fox Business news is got to be kidding ...for the last 9-12 months they been talking like its the best of times and if the stock market went up 300 points they acted like the recession and all the other issues were over
Great ad !!! Finally there is a network that challenge the negative dramma
Cramer calls out anyone that he thinks makes a mistake he is now getting the same on national TV..... it is the same as he gives out on his wall of shame. He berates ceos all the time now he is getting it back.
Truth is he is a media fabrication and has a horrible track record. He claims to be for the common man but he destroys capital with his outrageous calls, bottom calling, and claim to buy home buiders....he is just in love with the attention good or bad......I don't think he really cares as long as he gets a camera and a mic in front of him. He has gotten worse as the financial crisis has gotten worse. I am starting to believe it was his partners at his hedgefund that helped it make returns and a timely recovery that saved his rear.
FAUX whatever it is takes the tabloid approach. FAUX rather reminds me of FORBES, a lot of noise & puffery. Free advice is worth what you pay for it, be it FAUX, CNBC OR CNN BUSINESS. We have a tier of popular, mass circulation sources of information which charge a modest fee for their information, they aim to advise a lot of people with very general advice, you then have news letters which have been around for ages, ie KIPPLINGER, etc that always get it wrong, then there are the BLOOMBERG products which charge a fee-BLOOMBERG's products should be used to rate FAUX, MONEY, FORTUNE, FORBES, CNBC, CNN BUSINESS. While BLOOMBERG aims at a broad audience, it manages to be more accurate than the previously cited sources. You have to judge if you need a BLOOMBERG or better source of information. While there are instances when FORBES's regular reports of a sector of the market are useful. In those rare instances, tear out the useful pages & throw out the rest of FORBES. Don't bother looking at FORBES unless the report that's useful appears. If I were investing, I'd try to find out if FORBES would sell me the report which interests me manages to be accurate. When I subscribed to FORBES the deluged me with offers for their over priced, puff sheets. These offering went from my mail box directly to the trash. Since FORBES posted their name & other tell tale copy on the envelope, I trusted my secretary to put them in the trash directly. When it says. "Prepared specially for...", "The favor of a reply is requested.", "Open at once" it belongs in the trash. If the sender uses bulk rate, not 1st class mail, that tells you what the offer is worth. Subscribe to FORBES & you get on every schlock meisters mailing list.
Trolls might note this, the schlock meisters 1st used the vocubalry which you trolls now use. You can tell a trolls comment after scanning 5 word. Your pay master is paying you for quantity, not quality. Comments by trolls use the same format & syntax.
Cramers calls have been horrible to say the least, he will tell people to buy buy buy when stocks are peaking, but when they bottom he tells people to sell sell sell. CNBC needs to get rid of Cramer, before he comes up with a new stock pick of the year, kinda like NYX back in 2007 that has gone from $100 to where it is today, below $30??? Cramer is a joke.
Cramer is like anyone in the biz who has made good calls and bad calls. His job is to give his opinion on what to do, viewers still have to make their own judgements. I know firsthand, as I lost some money last year when I took his Ford advice. But I am not angry, that would be quite childish. When critiquing him most people fail to notice that his show concerns "mad money", this ain't your children's education money or retirement nestegg, its money put to work at higher risk, with potentially higher rewards, or losses. If people wish to take things further and run their complete portfolios based on his advice that is their business. That his advice to get out of the market is being ridiculed by Fox is incredible. What does Fox advise? That financial commentators such as Jim ignore what their conscience is telling them to say? He felt a tsunami coming and he advised people to run from the shore, just to be safe. My guess on the reason Fox is berating JC, anger. He is a scapegoat for their losses, losses caused by people that are not named Jim Cramer. Time will tell, but so far good call Jim.
Any station or network that calls Bill O'Reilly a Journalist Shouldn't be trashing anyone else. Yeah, he's given bad advice, but he's also given a lot of invaluable advice.
The guy made hundreds of millions trading stock, so I'm going to give Cramer the benefit of the doubt and go ahead and say that Fox is just like a spoiled kid not getting any attention.
Cramer is just another dem mouthpiece as is all of CNBC.
But it is unbelievable how unaccountable he is for his predictions. He is no more right than the toss of a coin.
The ultra negative coverage by cnbc is designed to keep everybody miserable enough to vote Obama in. After the election the network will be playing happy days are here again as their background music. Their spin will reverse 180 degrees.
FOX doing to business what they do to politics? It appeals to whackos but whackos in politics ruin the country like the last 8 years. In business they will ruin their own finances.
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