CNBC seems to have a big hit on it's hands with Jim Cramer's "Mad Money". On the evening investment program Cramer runs wild on the set ranting about stocks and taking questions from callers. It's worth seeing...once.
OK, maybe there's some entertainment value to it, but the interesting thing is its impact on trading.
For example, last night's program featured Cramer raving about Sara Lee (SLE) while tossing frozen cheesecake around the stage. In today's trading SLE was up 3.5% on about five times its average daily volume. Apparently, some folks think he's worth watching.
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