The always shrewd Henry Blodget, of Silicon Alley Insider, has some good advice for CNBC and Jim Cramer: knock off the stock picking, and just stick, instead, to the schticking.
Blodget asks and answers: "Do Cramer's picks actually underperform? Probably." And so, Blodget observes, CNBC is foolish to try to defend Cramer's acuity as a stockpicker. Much better, he advises, to go with the entertainment aspect of his show--which is, after all, called "Mad Money":
Jim Cramer is smart. He's entertaining. He's provocative. He's interesting. He's a one-of-a-kind. In short, he's a brilliant market commentator. And that's all he has to be to be popular with viewers and a major asset to CNBC.
So it's time the network stopped pretending that he's also something else.
