[relee]

So I guess it’s time to buy the Dow now?

[Boanarges]

I couldn’t find the “2,000 point drop” prediction in the transcript.

What am I missing?

[Deo volente]

Cramer’s all over the place, literally and figuratively. He runs around on the set yelling and pushing his face right up close to the camera. He manically tosses out stock recommendations without a moment's reflection, and changes his mind constantly.
He’s often spectacularly WRONG on his calls, so why should we listen to him on this one? This is the same guy who assured us the Dow would easily go to 14,500 by the end of 2007, and now it's going to drop 2,000 points??

And the economic stimulus plan will cost more like $150 billion, not $250 billion.

No, thanks. Whatever Cramer says, the opposite often happens.

[AbeKrieger]

All Cramer needs is a big ball of sweatsocks hammered down his throat. He’s a caricature of a joke. Oh, and toss a coin, heads is up, tails is down, then compare with Cramer’s predictions. Stuff the socks in deeper...

[Son House]

I am a poor long horizon dollar cost averager, who welcomes the 2000 point drop, lowers my average, and I just hate buying at record levels all the time.

[3niner]

Let’s see, the Dow hit a high of 14,198.10, on October 11th, and closed at 12,099.30, today. I think I could “predict” a 2,000 point market drop too.

[kinghorse]

Cramer is a tout. His job is to put the play over the finish line in terms of return for his firm’s clients. The firm has a staked out position on a good stock. It’s Cramer’s job to tell the public to buy so his guys can sell right into that strength after a few day’s run up. This is tantamount to criminal behavior in my book and men of his ilk were often tarred and feathered in another time.

[CutePuppy]

Cramer... where do I start?

http://www.nypost.com/seven/01182008/business/mad_jim_cramer_loses_golden_50k_bet_44498.htm

‘MAD’ JIM CRAMER LOSES GOLDEN $50K BET
By ZACHERY KOUWE

January 18, 2008 — Should stock jockey Jim Cramer be locked up for aiding and abetting the subprime market meltdown?

The host of CNBC’s “Mad Money” now owes $50,000 after losing one of the worst wagers of his entire career to rival trading wiz Eric Bolling.

Cramer, who favors the phrase “Boo Ya,” made an on-air bet with Bolling about a year ago that financial services would be the hottest sector of 2007.

Bolling, a former trader at the New York Mercantile Exchange, placed his money on oil and gold.

Investors who took Cramer’s advice would have taken a 30 percent hit to their portfolios as the stocks of financial titans such as Citigroup and Merrill Lynch got hammered by the mortgage crisis.

On the other hand, investors savvy enough to follow Bolling’s bet on gold and oil would have hit the jackpot, as the hot commodities jumped over 60 percent in the same period.

Cramer, through a spokesman, blamed his loss on Federal Reserve Chairman Ben Bernanke’s failure to cut interest rates more aggressively.

“The bet turned on Jim Cramer emphatically calling for the Fed to ease rates. The Fed didn’t follow Jim’s advice, and as a result he’ll be happy to write a check to the charity of Eric’s choice,” a spokesman said.