CNBC's Mad Money with Jim Cramer//I'm pretty much outraged.

[bubble.tea]

Boo-Yaa!
I've recently started stopping on this show if it's on...but last nights show infuriated me.

If you've never seen it, basically here is a very accomplished investor/stock counsellor etc with a graphic and audio juiced up show, no doubt directed into making investing exciting and fun-but inveitably targeting the young generation in the hopes of brain-washing them into keeping with the whole stocks and investment thing...which I found VERY aggressive and smart.

HOWEVER, last nights show had him justify investing into the "bad" companies [drugs, alchohol & firearms], using the rationale that we..the investors..have no power to stop these companies, so rather than sit on the side lines and watch them grow, BUY INTO THEM, and make money off their evil...his words not mine.

It was astounding, for him to make the comments that growth in the alchohol market-though more and more stifled in-house., are still being impressive in the off-shore markets...so YEAH....who cares about how damaging alchohol is...as long as it grows overseas messing up other countries, let's make money off've it.

HOW OUTRAGEOUS IS THAT?

[FastFokker]

If it makes you mad, stop watching it.

I have friends who don't subscribe to cable/satellite and their lives seem very nice.. I think one of these days I'm going to follow their lead and get rid of this television crap.

[hugh_da_man]

Isn't Mad Money on CNBC?

I believe he was talking about ethical investments. One of the things he said was that he had made a lot of money off of the investments in things like firearms and the like but he has also given a lot of that money away to do good things.

I somewhat agree with him too. Everyone invests in companies that do bad things. People buy products from companies that do bad things. Why not have some of the people who do good things with the money make money off of these bad things? Even Michael Moore owned stock in Haliburton.

[asim99]

its not on cnn, but cnbc (i think)

btw, kinda related to the topic, http://en.wikipedia.org/wiki/Adolf_Eichmann

[bubble.tea]

corrected, thanks.

[B40]

What do you expect from someone who's tag line is "Other people want to make friends, I just want to make money" ... or something like that.

[hugh_da_man]

corrected, thanks.

So why are you so outraged by what he said?

He didn't say that he supports alcohol being plied on unsuspecting countries. He said the markets are still growing. The best was when he said he has a Bud everyday on his drive home...

Ethical investing is a big thing. If you invest in GE then you are probably killing someone somewhere. Does that mean that the thousands of people who own stock are all evil and don't care?

[bubble.tea]

well...not to tangentimify., but I don't even agree with stocks. Even the most comprehensive firm cannot 100% guarantee that a "bull" stock will do what it's forecasts predict....thereby making it more of a high-rollers gambling arena...can you tell I'm biased? :cheesygri

You know though I've been in Canada 26years., I learned more about alchohol in the 15mins I watched that ****, than all the previous years...that's what really pissed me off.

I'm comforted when I hear people as prominent as Donald Trump have such a replusion against the sight of alchohol(as said on the latest "The big Idea with Donny(sp?) Deutsh").

[FastFokker]

Bubble Tea, you seem like a walking, talking, typing contradiction. :lol:

[bubble.tea]

^ how d'ya figure :?: What have I said/written that is contradictory to another thing I've said :?: When have I ever supported this topic:?:

[mattpiloto]

There's a couple firearms companies I would invest in. And yes, I do agree with what they do (or, would it be better to run them out of business so the only people left making guns are kids making AKs in Africa for war lords?)

[xKagex]

Money schmoney. Let's move on to something even remotely important, unless I guess you think the material world actually means something.

[rocafellarec]

There's a couple firearms companies I would invest in. And yes, I do agree with what they do (or, would it be better to run them out of business so the only people left making guns are kids making AKs in Africa for war lords?)

looks at avy, yeah you look like a psychopath..

[Crotchety Old Man]

I believe he was talking about ethical investments. One of the things he said was that he had made a lot of money off of the investments in things like firearms and the like but he has also given a lot of that money away to do good things.

That'll make everything right.

Invest in child mutating toxic waste, then give 5% of your profits to the mutant child fund (and get a tax break, to boot).

[FastFokker]

That'll make everything right.

Invest in child mutating toxic waste, then give 5% of your profits to the mutant child fund (and get a tax break, to boot).Hey no stock tips allowed on RFD!


:D

[Crotchety Old Man]

Hey no stock tips allowed on RFD!


:D
You didn't hear it from me.