
Mad Money Update
I apologize for keeping everyone in the dark over the last few days. At the request of CNBC and NBC Universal I have refrained from posting in my usual form since the Wednesday show. At this time we are addressing our options going forward. Thank you for your continued support as we hope to provide you with more information soon.
Sooo... we're back. As many of you noted in the comments the issue with CNBC had to deal with fair use. In an effort to alleviate any future concerns I'm going to try to do the following with this from now on: A) Record his ... Read
Don't have time to write these up yet but wanted to point everyone to two articles. First, is Richard Wilner's piece in the New York Post titled, Smart 'Money'? You'll have to login, for free, to read the article but it's worth the hassle. There ... Read
Sumner Redstone's Brilliance The separation of Viacom into a value and into a growth entity is brilliant, brilliant! And exactly what Wall Street wanted. He joins a pretty prestigious company frankly, notably Kirk Kerkorian. Hey, Kirk, that old dog just produced eight points of gain ... Read
Crystal Ball People may be thinking Cramer is backing off that SHLD hed been talking up so much. Have I backed off? TRY THIS!!! My crystal ball says this stock is done going down RIGHT NOW (Shows that he has written the letters S-H-L-D on ... Read
Whats the problem with CNBC? Afraid your blog will hurt their ratings? I travel a lot and like listening to Jim Cramer and his stock investing strategy, but cannot get the original broadcast or the re-runs all the time. I would prefer to here it straight from the horses mouth, but when I can't watch I come to your VERY VERY informative blog. It also is a great way to go back and review a point or stock that I was interested in. So, who, what, can we contact to help your efforts with CNBC? As I would like your blog to continue.
I must say that I'm very disappointed by this. I also am a big fan of Jim Cramer and am never available to watch / listen to him at "normal" hours. I was sent to this blog by my best friend only last week and then all of a sudden, they're putting a stop to it. I think it's a shame and I hope that this is only temporary.
I can't tell you how much I appreciate your recap of Jim Cramer's show. I never seem to be able to sit in front of the television at 6 or at 9 with the wife and kids either wanting my time or watching some other program. Thanks! I hope you are able to continue.
Regards,
An appreciative guy
Maybe you can go back to what you were doing in April (just your opinions of what Jim was saying) instead of the transcript like format you have worked so hard on doing today. Best of luck I enjoyed your work.
Are you kidding me, no more mad money updates!!!!!.....I thought what you were doing was great. You were not doing anything wrong except giving a summary of the show, I thought you were allowed to express your opinions through blogs, i guess not....I was really looking foward to the updates everyday. I missed one stock in the lightening round this week that i was hoping to find here on this site.
Anyway this site is still great, i actually came across it looking for a summary of jim cramers shows and it brought me to this site www.pfblog.com
keep up the good work..
Listen to Jim's radio show off of thestreet.com. He often covers topics on both shows (Such as, say, SHLD's future like Berkshire Hathaway) and market news. There are recent shows there too, so you can catch up if you miss a few days.
Or everyone get a VCR/DVR/Tivo and record his show (and probably Kudlow's as well).
Thanks for all the time and effort you have put in to update us on Mad Money. We all really appreciate it. It's completely ridiculous of CNBC to do this to you.
oops. Should have said, "completely ridiculous for CNBC to do this to you."
Let's make sure that Jim knows they're doing this. It's absurd. If anything, this is analogous to a fan site.
This might explain why CNBC sits at the bottom of the ratings. I'm surprised that CNBC doesn't take advantage of the buzz blogs can create. Hasn't anyone at CNBC read the 'Tipping Point' ?
Jim Cramer is even beating out his old partner Kudlow...
Latest rankings from http://www.mediabistro.com/tvnewser/ratings/default.asp
Thursday Ratings: P2+ & 25-54 Demo
Total viewers:
Total day: FNC: 1,076,000 / CNN: 409,000 / MSNBC: 178,000 / HLN: 276,000 / CNBC: 132,000
Primetime: FNC: 2,359,000 / CNN: 856,000 / MSNBC: 254,000 / HLN: 473,000 / CNBC: 161,000
25-54 demographic:
Total day: FNC: 347,000 / CNN: 124,000 / MSNBC: 56,000 / HLN: 117,000 / CNBC: 42,000
Primetime: FNC: 628,000 / CNN: 224,000 / MSNBC: 92,000 / HLN: 166,000 / CNBC: 99,000
The hourlies:
5pm: Gibson: 1,247,000 / Blitzer: 611,000 / Connected: 209,000 / HLN: 195,000 / Kudlow: 139,000
6pm: Hume: 1,417,000 / Dobbs: 476,000 / Abrams: 366,000 / HLN: 239,000 / Mad Money: 159,000
7pm: Shep: 1,663,000 / Cooper: 606,000 / Hardball: 391,000 / Showbiz: 176,000 / Conan: 100,000
8pm: O'Reilly: 2,544,000 / Zahn: 787,000 / Countdown: 284,000 / Grace: 804,000 / Contender: 247,000
9pm: H&C: 2,107,000 / King: 1,153,000 / Situation: 202,000 / Prime News: 263,000 / Mad Money repeat: 119,000
the-mtb-investor.blogspot.com
Are you kidding me ski daddy?
In terms of the absurd, this takes the cake. Every morning, we go to pfblog.com and go line by line and re-live the night before.
Makes no sense to me at all.
Keep up the good work.
Daddy-O
That sucks. I was loving this blog and love the show. When I miss it or can't watch, this is the perfect way to catch up. CNBC ought to pay YOU to do this on THEIR website. That would be genius.
This is upsetting, I found this blog a few weeks ago after being extremely disappointed with the CNBC Mad Money website. It is non-existant as far as I am concerned; I expected to find this information on their website. I really hope you get things worked out.
-- Les
Hey BA!
What can we do to help? Would emailing/mailing/calling CNBC and/or Jim Cramer be of any use to you?
I'm no attorney, but I don't understand how transcribing a public broadcast can infringe on someone's legal rights.
Regardless, please let us know if we can actually DO anything. I'm all for complaining amongst ourselves here, but obviously that won't actually help you get up and running again.
Philip
This is definitely a freedom of speech issue. And it also allows us to monitor Jim Cramer's advice and opinions, as he is talking about stock investments. CNBC is allowing Cramer to spout (very intelligently) all about stocks. You give us a way to monitor this. All stock advice should be monitored and talked about, and I am sure the SEC would agree. CNBC should not try to silence you. This is no different than someone reporting about a ball game. Perhaps, if you did not report Jim Cramer's exact words but described what he said in your own reportage, then they couldn't pick at you and there would thne be no copyright issue. The lightning round reports could stay the same and actuallly you enhance them already. I would think about slightly changing the interviews and commentaries to more of a reporter's synopsis and then you could use quotes. If you do this, it becomes a freedom of speech issue. Your reporting of "Mad Money" then, is no different than a critic reporting on a hit movie or a tv show such as "Sex and the City",which had many more commentaries on a weekly basis than all of Cramer's shows would ever have combined. I hope you decide to continue your good work.
David
I agree with a previous post.. I can't always watch the entire show and checking out this blog has been GREAT. I hope it gets worked out...
Keep up the good work!
Your show summary only helps CNBC's ratings! I've reommended it to all sorts of people who are now viewers of the show.
I would think someone like Jim Cramer would would not only support what you are doing,but pay you to do it.
Call CNBC's Viewer Services for a start and register your complaint...this is a violation of freedom of speech and it harms the enjoyment and value of the program... 1-877-251-5685
I started watching Cramer because of your summaries. I never watched CNBC before that.
Don't kill yourself fighting this. As others have mentioned, there may be more than one way to resolve this. Good luck.
Thanks David L. I called their Viewer Services line and told them how much we all enjoy both the show and the blog. I think everyone should add comments to make an on-line petition. If anyone is a lawyer, maybe we can get some muscle behind this as I think there is a wealth of people that support the blog AND the show. This is a great chance for some lawyer to set some blog precedent too.
Good luck BA!!! I never understood the whole Blog phenomenon until I came to your blog. Now I check it EVERY weekday.
Ever since I discovered this show about three weeks ago I've wanted to hold the host accountable. Your website is the best tool for that. I guess someone will have to just create, post, and maintain a sample portfolio that coincidentally tracks Jim's performance...
Thanks for the public service Mr. or Ms. Blog Author.
It Figures.. Big Bad CNBC is affraid of a little Blog, all it is doing is informing the public and providing the same information that is on TV. I agree with some modification, CNBC will have no grounds to stop you from continuing. I would think a short paragraph of the topics discussed rather than a word for word transcript. PUT CNBC in it's place. No way can they stop you from reporting on his stock picks.
Actually it is done!!
A gentleman named Bill Rillio has started a virtual stock portfolio. This portfolio buys and sells exactly what Jim Cramer says to buy and sell on Mad Money. He started it when the show began. He buys everything in the lightning round as well as stock picks of the week as well as special mentions of stocks during the show. If there is a sell call and its in the portfolio he will sell it then.
So want to know how good Cramer really is then you need to watch this portfolio and see what happens.
We have a link to it on our web site on the left under "Additional News Links" here:
We also put up a forum on our site if you want to talk about mad money and chat with Bill about it, he is the moderator.
Enjoy,
tipLabs
tiplabs-
It appears to me that the portfolio you are linking to contains massively different numbers of shares in each stock. I can understand that possibly the more he speaks to a stock the more shares it may have but there seem to be a number of inconsistencies that worry me. WFMI - how does it own only 100 shares? HD and LOW, also only 100 shares while it owns 10,000 shares of ALSK? A portfolio tracking his picks would be great but without weighting picks in some consistent manner I don't see much value in the portfolio.
Yeah, I just posted a disclaimer on the forum explaining how I set this up. There are two common questions. The different number of shares and when to buy/sell each.
I posted the logic on this and more on the stick topic. Let me know there if you have any more questions.
Yeah, I just posted a disclaimer on the forum explaining how I set this up. There are two common questions. The different number of shares and when to buy/sell each.
I posted the logic on this and more on the stick topic. Let me know there if you have any more questions.
Oh, this is group think at its best. The fact of the matter is that your site is copying Mad Money to a tee and trying to make money from it (through ads). You are selling somebody else's intellectual property.
And by the way, this is not an issue of free speech. You people of this forum believe that the creator of this blog is a saint, a hero. He, in fact, is doing nothing more than selling someone else's work. The pursuit of profit here is shameless. I have never seen so many google ads and tacky credit card ads on a blog site before. You, sir, are a fraud.
I have to agree with Jerome with some points. I think BA if you had done more of a summary instead of an exact word for word of the show it may have been more forgiving from CNBC.
However on the other hand I think it is absolutely insane that what he says on his show is not put on the web on either a mad money website, CNBC, thestreet.com or whatever. Bottom line people would like to go back and see what he says if they miss the show.
"and by the way, this is not an issue of free speech. You people of this forum believe that the creator of this blog is a saint, a hero. He, in fact, is doing nothing more than selling someone else's work. The pursuit of profit here is shameless. I have never seen so many google ads and tacky credit card ads on a blog site before. You, sir, are a fraud"
Well Have to dissagre with you on that. All he is doing is posting a summary of the show. He is not charging anyone to see it. As far as the adds are concerned, if you know the web at all they are posted on every blog often but the host site not the "Blogger". I think the site could just use some touch up to avoid any copyright problems. If an exact transcript is not posted than it is just reporting. A summary posted of each show would be fine. You cannot prevent someone from posting his stock picks. DON'T LET CNBC PUSH YOU AROUND.
I publish InvestmentWizard.com. We have also been tracking Jim Cramer's Mad Money recommendations and performance since the second week. CNBC have also threatened us over content copyright despite the fact that we summarize all of Cramer's reasoning in our own words, which takes several hours a day to do, and have repeatedly told them so.
We think it is important to continuously track the performance of every one of Cramer's buy or sell recommendations relative to the market. The public have a right to verify independently his self-serving claims of superior stock expertise. It is not sufficient to say how many of his recommendations were up if the market itself is up, as a rising tide floats all boats. His overall performance relative to the market may surprise you, especially given the influence he exerts over the stocks he recommends.
An employee of Jim Cramer's personal law firm signed up for our service long before we were first contacted by CNBC and so it may not be just CNBC who objects to independent parties tracking him. We asked to speak with Jim Cramer directly to resolve the issue but he has so far not responded.
I would be interested in hearing from anybody who would be supportive of our cause to bring independent accountability to Mr. Cramer and CNBC.
It's really a shame that you have chosen not to continue these postings. I came across this blog by accident as I found it a much simpler way of picking and choosing stocks. Let's face it, "you got to love Cramer", but after a while his antic's are like nails on a chalkboard. Thank you for your past work, while I give Cramer much of the credit, its because of this site which has made the real difference in my portfolio. After all who can follow all these stocks without writing them down.
Do you have an attorney? THis is b.s.
This blog is a wonderful public service and sort of a "Mad Money" fan site. Is the senior management at CNBC really that shortsighted that they see this blog as anything other than free promo for Jim Cramer and "Mad Money?"
Derek, Perhaps you and BA should contact the New York Times reporter and tell him that CNBC is trying to squelch any independant review of Mr. Cramers pick. I agree that a word for word transcript might be a violation of coypright infregment, a simple tracking of his stock picks is not, along with a narrative.
BA if you want to continue go a head with a simple up and down on his stock call with a slight narrative rather than a word for word transcript.
While I track all his pick of the weeks I can't track all his calls. Anyway PLEASE KEEP UP THE SERVICE DON'T LET CNBC OR CRAMER PUSH YOU AROUND CALL HIM EVERY DAY UNTIL HE TALKS WITH YOU.
Also you might want to contact the EFF they are the Electronic Frontier Foundation They are located in San Francsico where I am. Here is someone you might want to try contacting
Annalee Newitz
Media Coordinator/Policy Analyst
press@eff.org
+1 415.436.9333 x131
They might be able to help you or put you in contact with someone that can. Anyway CNBC cannot stop independent review.
You have the right to post his stock picks. There is nothing proprietary about listing his picks. I would like you to continue and possibly since many of his picks are same...just come up with a standard running list.
Derek and BA, scott is right in what he said. Not long ago Wal-Mart, and several other retailers, threaten FatWallet.com for posting black friday specials in their hot deals forum arguing DMCA violation. It turned out that Wal-Mart didn't have a case. Here's a link to a thread on that site talking about what happened in more detail. Definetly get in touch with the EFF and to get some legal advise.
oops, i forgot the link http://www.fatwallet.com/t/33/126042
Well I hope that you can continue your posting. I really like watching Cramer. I even think he does a better job than most of the wall street nuckelheads, that's not to say however that his picks should not be looked at and that there should be a review. He has some great picks (SHLD)(GOOG) and some dogs, just like everyone. He needs to fess up to the fact he is not 100% Correct or just misses one or two stocks.
Help Help..... I need your site up and running! I watch Cramer everyday and subscribe to The Street.com, but I need all the info I can get and your site helps sort out the show. I do want to say thank you for all your work and I hope your up and posting soon!!!
I like your site. I hope it continues to run.
I enjoyed reading these posts also. I write down and review what Cramer says on the show and then I enjoy reading your blog and comparing your notes to mine. You're much more accurate...he's hard to keep up with. Shame on you CNBC it's just a recap and added publicity for you.
