If America is going to rely on Cramer for investment advice, just remember one thing.
"Oh yeah, what's that?"
"A good supply of body bags!"
Posted on 11/07/2009 11:37:39 AM PST by Rufus2007
Drinking the Kool-Aid on MSNBC wasn't enough, even for CNBC's Jim Cramer, to escape the reality that Obamanomics isn't working.
Back on October 12, Cramer, to his credit, knew there were some problems with the $787-billion stimulus passed earlier this year. However, he felt it was necessary to pledge his admiration for President Barack Obama, Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke. But, Matthews asked Cramer if there would be something tangible to back up that praise.
"OK - let me ask you the question," Matthews said on MSNBC's Oct. 12 "Hardball." "Let's talk about how we keep score in electoral politics, that's how we keep score. Between now and next summer, when people begin to decide how they're going to vote in next year's election, will the employment rate be coming down by then?"
...more (w/video)...
(Excerpt) Read more at newsbusters.org ...
cramer never recovered after the U-turn he took after he accurately pointed out the TOTUS-reader has no clothes.
If you won’t stand for anything you will fall for everything...
I have been aware of Cramer for over a decade. Back during the dot-com era I occasionally found myself believing him. Not since then.
He is so thoroughly wrong, so much more often than he is right.
And yet, year after year, somehow, he manages to get paid big buck$ for his analysis and opinion.
I wish I understood how this process works. Personally, I don’t listen to Cramer or any of the other teevee financial boobs, so I could really care less if he succeeds or fails, but I’m just curious as all get-out how someone lands and holds a gig like that with his dismal track record.
What did it take, three weeks, for him to be proven wrong again?
Invest in Lucent. It’s comin’ back big. I guarantee it. It’s in my portfolio.
Famous Cramer quote.
Jim is still an idiot.
I’m not the big ‘financial’ guru he is, but I’m willing to bet we may hit 11% with the intent of Obama to destroy this economy....
Cramer is an Obama stooge. He stepped out of line once, got spanked hard, and is now a loyal lackey, once again dispensing bad advice. Even the TV show “King Of The Hill” slammed him for his phony schtick.
I then find out a big Financial Planning type female used it in one of her syndicated article for those in the business.
It truly discribes Cramer.....
Financial Porn.....
Pssst.....it’s just entertainment. That’s what the Monday morning production meetings are about. It even says so in the disclaimers at the back end of the shows.
Entertainment pays the bills, financial news is just the medium.
He was issuing buy recommendations right into the bottom falling out last year. He is a clown.
It's not the process --- it's viewers' preferences. To be "bought," it's important to be more "entertaining," not more knowledge --- much the same as for college professors. Years later people realize that the most memorable one did not necessarily teach that much, but at the time the entertaining one is all the rage.
Cramer gets a lot of viewership from his stunts. They may not work for you and me, but they do work. This fully justifies his employment.
Cramer is a fool!! I just had to get that out of my system.
Kind of like telling people the sky is blue though.
Yeah, entertainment sounds like a full explanation.
Whatever... like I say, I don’t have a dog in the fight because I don’t listen to him unless I’m forced to — like for instance at the gym where I don’t control the teevee.
I pity the fool who acts on his “advice”, though.
From: CXO Advisory Group LLC.
Guru Grades:
‘...Based on subsequent stock market performance and our judgments about his forecasts for overall stock market direction, Jim Cramer is right about 45% of the time with his stock market predictions, a little below average...’
‘Nuff said!
In all seriousness, catching Cramer being stupid is not just child’s play, it’s a waste of time.
That’s about right. He was buybuybuy on CIT a month ago. See my #62 here http://www.freerepublic.com/focus/news/2376077/posts?q=1&;page=51
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