Jim Cramer or Jon Stewart: Who’s Right?
Buyer Beware. Most everyone understands that concept. But for some reason, this idea doesn’t always translate to investing in the stock market. We have to ask: who is to blame? Jim Cramer, or ourselves for not being educated enough on the market to make our own decisions.
Jim Cramer was very clear during his interview with Jon Stewart, offering a mea culpa even though for most it was too late. CNBC’s Mad Money is designed to attract the casual trader and it is one of the few financial programs that can be enjoyed by people from all backgrounds. That is why Jon Stewart was right when he emphasized the importance of Cramer taking responsibility for his actions when he, for example, told people not to sell Bear Stearns stock days before the bank failed.
But the public can’t go on a witch hunt for who is to blame for all their financial problems. True, we trust news organizations and “experts” to give us tips and advice on ways to invest our money. Does that mean though that we take everything at face value without doing some due dillegence ourselves? Of course not.
Even though the stock market does not have a warning label on it, it is the everyone’s responsibility to realize that they can’t jump off the Wall Street bridge just because everyone else just did. Take responsibility for what you do with YOUR MONEY. Know the market, learn how it works so you don’t have to look for someone to blame because you made your own choices.
I look forward to hearing your opinion in this matter.
