Originally Posted by KeylessEntry
Anybody who gets investment advice from a cable news tv show which is basically a financially themed Gallagher routine deserves to lose their money.
That's not entirely accurate.
The fact is, Cramer effects the market, it's been proven. When he places a heavy buy recommendation on a specific company, that companys stock often shows immediate gains, especially if it's a smaller company.
The media, and shows on CNBC like "Fast Money", have a direct effect on stock prices... that's the problem. Especially when these shows are making bad reccomendations, and spreading misinformation.
Now, I agree that anyone who loses money by following Cramer (or similar media outlets) deserves to lose his/her money. However, the fact is, OTHER people (people who may have never even watch television) are losing money because of the misinformation these media outlets are spreading.