She did precisely the same crap during the internet bubble collapse. She kept encouraging her viewers to buy the QQQs.
“The NASDAQ-100 Trust Series 1 Exchange-traded fund, sponsored and overseen since March 21, 2007 by Invesco through PowerShares, trades under the ticker NASDAQ: QQQQ. On December 1, 2004, it was moved from the American Stock Exchange where it had the symbol QQQ to the NASDAQ and given the new four letter code QQQQ.”
http://en.wikipedia.org/wiki/NASDAQ-100
I remember Cramer telling everyone to buy stocks like Exodus Communications right as the Nasdaq collapsed.
And then he told everyone this was a great oppurtunity to “cost average down” as all these stocks continued to sink lower.
And then when the stocks went to zero, he bashed the execs.
Then started talking about the next great companies to invest in.........
Wash, rinse, repeat.
What about the brainiacs high up? Suze Ormann explains things in a way people can understand instead of the speak used by those who are supposedly in the know.