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Henry Blodget to Jim Cramer: Stop Pretending That You're A Good Stock Picker, Just Concentrate on Showmanship

Written By mista sense on Monday, February 9, 2009 | 6:30 PM
















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.

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