I think Jon Stewart lost money in the market and is looking for someone to blame. Can't blame themselves for ignorance or gullibility. That would be wrong. So it's scapegoat time. Kill the messenger. Or as my friend Bob says, killing the messenger's taxi driver.
The reality is the market is unknowable. So when you are wrong and it costs you money, you just bleed. Two of the "Smartest men in the Room" George Soros and Warren Buffett lost big big money in the market. Why didn't they see this coming. Why didn't they blow the whistle. How come Cramer and Santilli were supposed to be soothsayers and tell people what the market was doing before it did it when the guys who made big money couldn't.
Jon Stewart is a dummy. This is someone else's opinion:
In the end, the ignorance displayed by Stewart and those supporting him has been nothing less than staggering.
To begin with, if viewers and commentators are to take Stewart seriously and not hide behind this being a comedy program and him being a comedian -- a defense often employed by the left to shelter "The Daily Show" from any criticism -- his positions concerning the economy, the financial crisis, and the coverage of both by CNBC are -- forgive the pun -- laughable.
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As people who have been investing most of their adult lives know, this is an occupational hazard.
Even one of the most respected stock pickers in the world -- Warren Buffet -- never saw this financial collapse coming as his Berkshire Hathaway lost more than 50 percent of its value from December 2007 to December 2008.
Taking this a step further, one of the champion's of the left, MoveOn.org financier George Soros, got killed in last year's stock collapse. His hedge fund even purchased a sizable stake in Lehman Brothers just a few weeks before it declared bankruptcy.
As such, two of the world's most successful investors -- both Obama supporters, by the way!!! -- lost huge amounts of money in this financial crisis.
If these two market gurus didn't correctly position themselves and their funds to at least not suffer financially or even benefit from the crisis by either being short stocks or long bearish vehicles such as puts, why should folks reporting events be held to a higher standard?
Jon Stewart is a victim. He has a victim mentality. I don't feel a bit sorry for him. Like I don't feel sorry for those suckered in by Bernie Madoff.
Go Get em Rick. Time to kick some butt. The losers are out there waiting to hand you money. Let's start with Loser number ONE. Jon Stewart.
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