Yes, I am aware he is running around screaming about Obama destroying wealth and the usual suspects are apoplectic that Gibbs referred to him. All I have to say is this:
The prosecution rests.
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[…] Cole reminds us how seriously we should take Jim Cramer’s […]
Alan
Prior to that he was crying about how his friends were hurting. His investment banker friends. The guys who built this house of cards.
Ricky Bobby
Jim Cramer, the El Rushbo of financial advice.
Seanly
Hmmm, another douchenozzle on the rampage. I’d take financial advise from that screeching idiot with the same frequency I’d take advise from the Wild Irish Rose-smelling bums wandering around town.
Comrade Stuck
I still remember the first time I saw him on teevee years ago, in one of his more manic rants. I recall thinking, that’s one crazy ass mofo. Nothing has changed since to change my mind/
pattonbt
Cramer has a lifetime membership to the ‘opposite gang’. The gang where the safest best for ordinary people is to do / believe / act the exact opposite of what any member of this gang says.
I mean how often do you have to be proven spectacularly wrong, like Cramer, before the villagers get a clue? I know, I know, SATSQ and all, but, damn!
DougJ
I find Erin Burnett very attractive and I hate myself for feeling that way. Please no more clips of her.
TenguPhule
The prosecution can never rest as long as the Conservative Clown Brigade runs around with Joker Immunity.
Zifnab25
Jim Cramer, worse than guessing. If he’s against it, that sounds like a ringing endorsement to me.
Mouse Tolliver
Flashback to September, 2007 — Jim Cramer on GM vs. the UAW: "There’s no real reason to make cars here."
Because America can run on Ponzi schemes and tax cuts, I guess.
J. Michael Neal
Back when I worked on a trading floor (in exciting Minnetonka), we had CNBC on the TVs all day. This included the era when Cramer and Larry Kudlow had a show together that came on an hour after market close. Unfortunately, it took me about two hours to wrap up all my shit at the end of the day, so I had to listen to these two morons every fucking day. There has never been a TV show with more concentrated stupid. I would rather be forced to watch The Bachelor than be subjected to them again.
Jim
@DougJ: Why feel guilty about thinking Erin Burnett is hot. It shows you have a functioning brain and eyes. At least she comes across as someone who wouldn’t look down on anyone who wasn’t filthy rich, unlike that the Money Honey whore Maria Bartiromo.
Andre
Hah. That guy is always wrong. He told everyone to sell up on Stark Industries after Tony Stark announced the move from weapons manufacture. Look how that turned out!
gopher2b
Cramer is an entertainer who responds to the daily market movement. Occassionally, he says something insightful. Nothing more, nothing less.
I did find it strange, that he picked today to compliment Geitner who to this point has been just shy of a disaster (Paulson, while a disaster, was also a criminal).
mikefromtexas
Cartoon Network Business Channel, the special olympics of financial reporting.
jcricket
So you know how Linens n’ Things and Circuit City went bankrupt? Excessive debt, but really excessive competition and too much capacity in the market?
Can we put 50-75% of the identical business publications and money porn channels out of business during this recessionary cycle please? That would be a good thing.
If Jim Cramer was reduced to guest spots on Fox News or whatever, I’d be ok.
o kanis
Jim Cramer – Stock Market Manipulation – How he did it
Interview by TheStreet.com, Aaron Task, on YouTube
You really gotta control the market. You can’t let it drift. You get a RIM it’s really important to use a lot of your firepower to knock it down cause it’s the fulcrum of the market today…now you caan’t foment, that’s a violation…you can’t create yourself…an impression that a stock’s down…but you do it anyway cause the SEC doesn’t understand it…
"Get people talking about it as if something is wrong with RIM," Cramer advises. "Then you would call the (Wall Street) Journal and talk the bozo reporter on Research in Motion and you would feed that Palm has got a killer it is going to give. These are the things that you must do on a day like today. And if you are not doing it, maybe you shouldn’t be in the game."
[snip]
How do you drive Apple stock down to profit from your short position–especially when the company is just about to announce it’s new IPhone?
"Apple–it is very important to spread the rumor that both Verizon and ATT have decided they don’t like the phone," Cramer says. "It’s a very easy one to do. You also want to spread the rumor that it’s not going to be ready for MacWorld. And this is very easy, because the people who write about Apple want that story. And you can claim that it is credible because you spoke to someone at Apple. It is an ideal short. If I were short Apple, I would be working very hard today to get that. And the way you would do that is pick up the phone and call six trading desks. And say, listen, I just got off the phone with my contact at Verizon. And he has already said–we’re a Samsung house, we are a Motorola house. There is no room for Apple. They want too much. We are not going to let them in. We are not going to let them do what they did to music. And that’s a very effective way to keep a stock down."
tinyurl.com/59jnwb
tinyurl.com/3dmuu4
JenJen
@DougJ: Hey, she’s undeniably hot. Why would there be something wrong with saying that? I like Erin Burnett, and the way she makes Joe Scarborough kind of nervous in the mornings.
And that awkward icky Tweety thing… just for having endured that, I like her more. I think every girl in America kind of related to her in that moment.
The Cat Who Would Be Tunch
Re: Erin Burnet
Meet the Press’ "Fair and Balanced" Panel Defend Wall Street Bonuses
I couldn’t believe her reasoning for why it was perfectly reasonable for failing Wall Street firms to hand out billions in bonuses to their employees. So, these companies lose billions and cause a huge financial/economic crisis but hey! We can’t let all that get in the way of rewarding our bestest employees for being so smart and working so hard lest they leave our fine organizations!
Right.
The Maine View
Cramer is a raving idiot. Anyone who follows his advice deserves what they get.
Kudos to whoever said he was a douchenozzle. Good use of douche.
DougJ
I feel better now, JenJen and Jim.
The Grand Panjandrum
I read DougJ’s bitch slap post first so I was ready for this bitch slap.
Et Tu Brutus?
Jim who?
Rick Taylor
In this case, Cramer defends himself saying the question was not about stock shares. I don’t understand the issues well enough to comment but this might be a better indictment:
Quaker in a Basement
This guy makes Howard Beale sound like the calm voice of reason.
kth
That would be Larry Kudlow. Jim Cramer is the Chris Matthews of financial advice. Srsly, think about it.
libhomo
The fact that Cramer has such a big following among the rich in our country proves a point I’ve been making for a while. Most rich people are simply too irresponsible to be able to handle large sums of money.