Jim Cramer

[Obsessed]

I was flipping channels a while ago and saw Cramer screaming and gesticulating his way through the "lighting round," part of his show. So I ask you this: Why does this bozo still have a show? Are people really listening to his advice? Are memories really that short?

Unbelievable. What's next, the return of that guy Stewart from the Ameritrade commercials?

[YOUTUBE]http://www.youtube.com/watch?v=uK0ziaFHMFM[/YOUTUBE]

(Funny how those ads disappeared when things tanked.)

 

[The Nid Hog]

Cramer has built his entire career by being a shill and a suck-up. People who watch him get what they deserve: a ration of prepaid crap shoveled at them by a network that knows exactly how gullible their audience is, and how short their memories are.

 

[Obsessed]

Honestly, as the realization hit me that he hasn't changed at all and neither has his audience, the words that came to mind were "we're doomed."

 

[BCatl]

Cramer has built his entire career by being a shill and a suck-up. People who watch him get what they deserve: a ration of prepaid crap shoveled at them by a network that knows exactly how gullible their audience is, and how short their memories are.

I agree. I remember Cramer leading people merrily forward into the dot.bomb. I no longer consider CNBC a business network, however, I do watch from time to time to see what not to do with my money.

 

[ackvil]

Cramer has built his entire career by being a shill and a suck-up. People who watch him get what they deserve: a ration of prepaid crap shoveled at them by a network that knows exactly how gullible their audience is, and how short their memories are.

+1. If you followed his advisory service you would be down plenty of $$. And yet, when he pumps a stock it goes up with all of the suckers buying it only to see it drop after a few days when the buying stops.

 

[BCatl]

The main purpose of Cramer and CNBC is to keep the markets liquid with sucker money so the smart money can cash out any time they want.

 

[Gaz]

He has become a poster boy of what tv is all about nowadays. Shock value + controversy + yelling + screaming >> pertinent information.

 

[media]

He can be correct.

His advice isnt always bad. No one can be right 100% of the time.

 

[norton]

People have short memories, and Cramer is entertaining.

He can be right, but if you shoot enough times, you eventually hit something.

"Bear Stearns is fine!"

His interview on The Daily Show was all I needed to see on Mr. Cramer.

 

[Crixus]

Don't watch Cramer, but very familiar with him. When a shill has to roll his dress shirt sleeves up past his elbows to get his job done, button your hip pocket.

 

[Pescara]

Cramer used to have Lenny Dykstra on his show to give stock picks.

 

[buyandhold2018]

I cancelled my cnbc a long time ago... I can't believe this guy is still on the air.

 

[nole1]

His show is produced by the same people that produced Jerry Springer. He is in the ratings business, not the investment business.

The kellogg school of management did a study a few years back (I cant find it. When I do I'll edit my post) and found that over the long term, if you sold when he told you to buy and bought when he told you to sell you actually did much better. They later did another study of short-term trading and found that after he made a recommendation the stock had an uptick of about 3% over the next day but lost all its gains (and most of the time more) over the next 12 trading days.

 

[castlebar]

Jim Cramer is to finance as Dr. Phil is to psychology; both are total sellouts who have dumbed down their professions and become caricatures of themselves. "Boo-ya"! I wouldn't give that guy $5 to manage.

 

[noahpictures]

Jim Cramer is a fraud. A few years ago (maybe 2006 or 2007) he appeared on the 12:35am Conan O'Brien show and to me he appeared a bit under the influence. He bragged about carrying a gun in his car (glove box) in NYC on national TV! So finally Conan asked him about the stock market and this is where it gets interesting, Cramer replied by saying: You can't get rich by investing your money in the the stock market, you get rich by saving your money.
I think he meant the average joe can't get rich investing in the stock market. Anyway I was shocked that this securities expert would say something so honest.

 

[StillShaving]

I occasionally watched Cramer's CNBC TV show many years back but the show got a little repetitive over time. Though he is certainly into self promotion and substitutes energy and excitement for real analysis, his commentary can be useful. If you listen carefully you can see that some of his stock picks go against some of his commentary and whether you are trader, value investor, long term holder, etc, I think you can tune your goals against what he says. Maybe I am naive but I do think he has his audience's best interest at heart and he is not trying to give bad advice, but one has to take every thing with a grain of salt, and understand he has a show to promote and that he doesn't want to dis or embrass his CEO guests.

I believe Lenny Dykstra got over extended with options and went bust. I used to enjoy some of Lenny's commentary on "The Street", as he talked like a regular guy, even though he should be multi-millionaire off his baseball earnings, and may not be educated to the point to being financially savvy (cannot judge from afar). Lenny made a few good calls before the market crashed, but I did not follow what happened to him or his business relationship with Cramer.

Boo-yah!

 

[ackvil]

I occasionally watched Cramer's CNBC TV show many years back but the show got a little repetitive over time. Though he is certainly into self promotion and substitutes energy and excitement for real analysis, his commentary can be useful. If you listen carefully you can see that some of his stock picks go against some of his commentary and whether you are trader, value investor, long term holder, etc, I think you can tune your goals against what he says. Maybe I am naive but I do think he has his audience's best interest at heart and he is not trying to give bad advice, but one has to take every thing with a grain of salt, and understand he has a show to promote and that he doesn't want to dis or embrass his CEO guests.

I believe Lenny Dykstra got over extended with options and went bust. I used to enjoy some of Lenny's commentary on "The Street", as he talked like a regular guy, even though he should be multi-millionaire off his baseball earnings, and may not be educated to the point to being financially savvy (cannot judge from afar). Lenny made a few good calls before the market crashed, but I did not follow what happened to him or his business relationship with Cramer.

Boo-yah!

If you want to read about Dykstra take a look at http://deadspin.com/5224796/the-myth-of-lenny-dykstra-completely-unravels. He was a total fraud.

 

[Swampfox]

He has become a poster boy of what tv is all about nowadays. Shock value + controversy + yelling + screaming >> pertinent information.

Jim Cramer is Lady Gaga?!

 

[Tha Baron]

I read his book Confessions of a Street Addict that he wrote before he was mainstream. Talked about his rise at Goldman on the sales desk and then his career at his hedge fund Cramer Berkowitz. I have no doubt the guy knows a lot about the equity markets, but his current role is clearly one as an entertainer.

In today's markets conventional wisdom doesn't really exist, so not sure taking his advice over others is really all that smart. He is in a possition to be over confident in situations due to his background, but I think that may be a weakness. Hence the earlier quote of his "Bear Stearns is fine!".