Categories: OLD Media Moves

Cramer is never wrong, and that’s the problem

Fox Business Network‘s Charles Payne appeared on Varney & Co. Friday morning to criticize the stock picking of CNBC “Mad Money” host Jim Cramer in the wake of an activist investor asking Cramer to step down from CNBC or sell TheStreet.com.

Payne said, “My biggest problem with Cramer, is … every single day he changes his mind. Whatever stock is up that day, he likes. Whatever one is down that day, he dislikes … he’s never wrong.”

Payne later added, “I don’t think anyone who watches him on TV can make money. There are enough day traders on television giving advice to people looking to build long-term wealth for the future.”

Watch here:

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.