Stewart/Cramer Kerfuffle Continues

2 years ago

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Jon Stewart's epic rant against CNBC and its anchors and commentators, including Jim Cramer, burned up the internet last week. Not surprisingly, there's been some fallout. The "Mad Money" host claims that Stewart took a clip out of context, purporting to show that Cramer was recommending investors buy Bear Stearns stock a week before the company went under. On the "Daily Show" last night Stewart conceded that may have been the case, except for one little thing. Cramer actually did recommend investors buy Bear Stearns stock two weeks before the company went under. Oops.

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Cramer has his back up and is making the rounds defending his show and his reputation as a stocks swami. He was on the "Today" show this morning where he dismissed Stewart as just a "comedian." But he was asked about the Bear Stearns recommendation and he's forced to do some serious deflecting.

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