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.
People might say - but he made a fortune in the market, why not listen to him?
Well, the real truth is he ran a hedge fund, and he had people much smarter than him doing the stock picking. He was just good at doing the song and dance routine needed to convince potential clients to sign on the dotted line.