Fox Business Takes Some Shots At CNBC'S Jim Cramer

October 13, 2008 10:32 AM EDT
Lately, it has been easy to take shots at CNBC's Jim Cramer, as it seems many of his larger calls have proved wrong.

On July 30th, he put a flag in the ground, and said the stock market has definitely hit bottom. Prior to that, on the Howard Stern show, he said he was pretty sure housing has bottomed.

Cramer's job is definitely not an easy one, as he is forced to come up with multiple ideas a night. Obviously, by being forced to come up with so many picks, many of them will be wrong, but it is the larger calls that has people and now Fox Business taking aim at CNBC and Jim Cramer.

Fox is running an ad about Cramer and some of his bad calls. For example, the ad says, "CNBC's Cramer said buy Wachovia (NYSE: WB) and it tanked."

The ad continues, "CNBC calls Cramer their financial guru? That's just plain crazy."

You can see the entire ad below. I would not be surprised to see more of these types of ads. These ads are likely to get people talking, which is just what Fox hoped they would do and eventually click over to Fox Business.


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General News, Insiders' Blog

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Jim Cramer, Wachovia