Jon Stewart v. Jim Cramer: Blow by Blow

In the event you have been living under a rock for the last week or so, Jon Stewart of "The Daily Show", has been skewering CNBC recently. For those of you that don't know, Jon Stewart is a comedian who has made a living with, as he calls it, "a fake news show". The reasons he says he called out CNBC is that a) they have been cheerleaders as Wall Street ran amok and b) failed to ask hard questions for fear they would lose access to insiders.

Stewart often lets his political leanings be well known on his show, but in my opinion that's not not a big deal because he doesn't pretend to have a real news show. He's a comedian, a very popular one, but a comedian none-the-less. Anyways, below is: 1) the video that started this all in motion, 2) Stewart piling on, 3) Cramer's retort, and 4) Cramer's appearance on the Daily Show.

I'd be interested to hear what other people think. Was Stewart unfair in taking CNBC to task? Was CNBC out of line? Did the Cramer interview live up to the hype?

The Daily Show With Jon StewartM - Th 11p / 10c

CNBC Gives Financial Advice

Daily Show Full Episodes
Important Things w/ Demetri Martin

Political Humor
Jim Cramer

The Daily Show With Jon StewartM - Th 11p / 10c

In Cramer We Trust

Daily Show Full Episodes
Important Things w/ Demetri Martin

Political Humor
Jim Cramer

The Daily Show With Jon StewartM - Th 11p / 10c

Basic Cable Personality Clash Skirmish '09

Daily Show Full Episodes
Important Things w/ Demetri Martin

Political Humor
Jim Cramer

The Daily Show With Jon StewartM - Th 11p / 10c

Jim Cramer Battle

Daily Show Full Episodes
Important Things w/ Demetri Martin

Political Humor
Jim Cramer

The Daily Show With Jon StewartM - Th 11p / 10c

Jim Cramer Unedited Interview Pt. 3

Daily Show Full Episodes
Important Things w/ Demetri Martin

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Jim Cramer

Link to Full Interview

See More videos at Comedy Central

CNBC Million Dollar Challenge Answers 5/2/07

Here are the daily bonus buck trivia question answers for those of you playing the CNBC million dollar challenge.

Q: Blockbuster sold its UK video game retailer, Game Station, for how much?
A: 150 million

Q: The Royal Bank of Australia has decided to keep interest rates on hold at what percent?
A: 6.25%

CNBC Million Dollar Challenge Update

I've been doing an excellent job wasting time this morning and just logged into CNBC's Million Dollar Challenge. Although I think it is mostly luck, I'm hanging around the top 10% right now. I just wish you could trade more quickly, I don't like waiting till the next day for an order to register... Anyone else find this thing strangely addictive?

PS: The answers to the bonus bucks questions for today are (31% was the profit jump for the Industrial Bank of China, reserve bank of Australia kept rates at 6.25%)

Link
Million Dollar Challenge

CNBC Million Dollar Challenge

Want a million dollars? Yeah, don't we all you reply. Well if you know something about stocks are lucky you could be in the running if your portfolio performs well in the CNBC fantasy stock game. I don't pretend to be a market beater or investing whiz-kid, but looking for short gains like you need to win at the CNBC game let's consider some of the things you could look for when making picks.

• Put the majority of your fantasy money in 1 or 2 stocks that you think will move big.
• Look for a stock that has recently been beaten up with the market "correction"
• Look for a small company that will report earnings soon (these usually swing big with good news, but unfortunately do the opposite with bad reports).
• Penny stocks can be your friend for obvious reasons.

Any other tips? Feel free to share them in the comments.

Note: I know this contest is already underway, but due to my domain issues this has only been able to be posted now.

CNBC Million Dollar Challenge