CNBC began running new television commercials featuring “Mad Money” host Jim Cramer on Wednesday using the slogan “In Cramer We Trust.”
“Don’t go nuts,” he added. “It still makes sense to buy the high yielders and defensive names, the victims of liquidation when they get blown up. But it will never make sense to buy and hold so-called blue chip stocks forever.”
The commercial ends with the tagline and the time of Cramer’s show, as well as the CNBC logo. Future spots, according to a CNBC sourse, will contain updated Cramer monologues.
All of this, of course, comes in the aftermath of rival Fox Business Network running an ad that mocks Cramer for some of his recent recommendations, including Wachovia before it imploded and was sold, and his appearance on the “Today” show where he implored short-term investors to exit the market.
However, a CNBC source says the ads are not in response to the Fox Business ads.
Watch: New Jim Cramer ad
The Fund for American Studies presented James Bennet of The Economist with the Kenneth Y. Tomlinson Award…
The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top…
Zach Cohen is joining Bloomberg Tax to cover the fiscal cliff and tax issues on…
Larry Avila has been named interim editor for Automotive Dive, an Industry Dive publication. He…
Reuters is seeking an experienced editor to take part in our fact-checking project and support the…
CNBC Make It reporter Ashton Jackson writes about ways to make financial news more accessible to consumers.…