Jim Cramer: The Flip-Flop that Ought to be Illegal
Posted on August 8, 2008
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http://www.donharrold.net
How can it be that Bear Stearns Hedge Fund guys are going to JAIL for their misdeeds, but, Jim Cramer gets away with THIS?
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25 Responses to “Jim Cramer: The Flip-Flop that Ought to be Illegal”
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SKIPPERWBW - First off you are FLAT OUT wrong. Would you care to put MONEY on that? Email me your contact information. I’d love to have just one of you Cramericans stand up and put your own money behind that bullshit. Not only are you wrong, you are LAUGHABLY wrong. Like I said, email me your contact info because I’d love to have one of you Cramericans sacrifice your money for your King.
i’ve been tracking cramer for about 2 years, and he is an overall, out and out winner. anyone who says otherwise, obviously hasn’t really done their homework. but, it’s always easy to blindly criticize, what one absolutely doesn’t comprehend! some of you just want to be heard at any cost, even when you make yourselves look like such asses!
he is a supreme cunt. I live in the U.S but I only watch CNBC EUROPE. Some of you should watch the channel.
They make the American CNBC look like a bunch of hillbilly inbreds.
Go get cnbc world on cable or dish if you live in America.
what would the parade of CNBC WALL ST. COCK ROACHES AND TOILIET FISH DO FOR REAL JOBS IF BERNANKE AND PAULSON DIDN’T BAIL THEM OUT WITH THEIR CHEAP EASY MONEY OPEN WINDOWS PROGRAMS. AND CHEAP MONEY FROM 2001 FROM AL THE WALL ST PAL,,,,,MAINSTREET IS PAYING FOR THESE PARASITES LUSH LIVES IN WAYS THAT ARE OBVIOUS TO THE COGNOSCENTI BUT SUBLIME TO THE IGNORANT. THERE IS NO ONE TO TELL THE CHUMPS THAT FED LOWERING RATES DOES NOT HELP MAINSTREET EXCEPT FOR THE VERY FEW.
Don, it seems very obvious to me that Cramer and his show exist only to try to assist a wealthy few of his friendly fund buddies versus the retail public who might actually view his insane show. That can be the only possible explanation for why CNBC permits him to continue and why the financial press and general media continue to give him any air time, since they also get ad revenue from the fund men. He and his show are not about honest or entertainment, but about robbing Joe 6-pack.
Buy, Buy, Buy, Sell, Sell, Sell - Cramer, Cramer, Cramer !!
Yeah that is the only part that makes me scratch my head on him is his advocacy for being short-term, so it makes me question if he wants an aggressive-trader audience. Take for example a most recent episode I watched, he says that the banks and loaners have bottomed out saying at less than $15 a share, you have a potential to do big 12-18 months from now. So that alone was speaking for long-term.
I only wish he would backtrack his own predictions more often, specifically long-term calls.
ELDICEUF - See, that’s the problem. Jim says that “long term” is DEAD. So, if you bought a “long term” stock based on his advice, you BROKE his rule. So, which is it? His pick for the long term was good, or, his advice to not trade long term was bad? It’s just a freaking COIN FLIP. I’m just shocked so many people credit him with anything more than being a noisy, flip-flopping, carnival barker.
I’m not defending him. Yeah, he’s on the air because he can pull ratings with his overzealous attitude. Yes he has the power to influence a common stock, you see almost all of his picks make a minor jump (fan base followers etc), yet I personally haven’t seen him be the cause of any companies tanking or banking. It’s always been short term baby jumps. I only vouch for him because he has made quite a few long term calls that were strong 1-2 years later.
ELDICEUF - Here we go. Another in a long line of “we all make mistakes” defenders. Jim’s “track record” is not the issue. It’s the fact that he lies, makes things up, revises history, and, BLAMES HIS VIEWERS when they take his advice. At some point, y’all gotta get some pride and stop defending Jim with the lowest possible excuse: That we “all” make mistakes. We “all” don’t get paid millions by a network who refer to our advice as “worth Billions”.
I love how people advocate to kill one’s credibility, so they pick the most popular one. The “root for the underdog” metality is getting old. There is not one broker or advisor that has a perfect record. There is not one lawyer who has a perfect record.
Reality Check….investments are your decision, your choice who to take advice from. Throwing Cramer under the bus is just stupid because he’s got a stronger resume than others out there.
Cramer is bad.
Just for entertainment he is paid for.
His end is coming, like the market
I hope Jin DIES!!
Cramer is an entertainer… nothing more, nothing less. As a trader/investor he is a joke and everyone on wall street knows it.
thank cramer for your inflation nightmare, when cramer SQUEALS, BERNANKE LISTENS.
Cramer can say anything he wants to, he can flip flop all he wants, it’s just his opinion. We are free to take his advice or not. Nobody is forced to buy his picks. I for one have MADE MONEY on his picks. I’ve also lost money on SOME of his picks, but you know what - SO WHAT? - so I lost some money on his stock picks. If you think you’re going to hit a home run every time you buy a stock you should put your money under your mattress. Cramer is not a joke, he’s a very smart guy.
you know cramer is still the strongest advocate for “thinking for yourself” when it comes to buying and selling stocks… he also says wait a week before u pull the trigger off any recommendation and do your homework more times than even I can count… overall I think he is right more often than he is wrong and I understand our economic system better from having read his books and listened to his commentary on the ever changing market. i question the motives of donharrold…
dip shit hes telling u to buy stocks about 6 months ago before the market gave up more then 1500 points cramer is a dip shit movie star wells fargo
jp hes telling u to buy what a joke fuk u cramer in ur ass
How are you suckers not able to make money in this market? I’ve done better now than ever. I think many speculators are just out of touch and don’t know what to short and what to buy.
I think what Don did hear is the work that someone needed to do!!! He went thru the effort to imform people of the hurt that could happen from Cramer’s on going duplicity. It needs to be said! Anyone really doing as he’s says has gotten hurt and it will continue. Cramer rarely amits these mistakes and flip flopping he’s hoping people aren’t really remembering what he said to do. People are investing their hard earned money and losing it. I’ve tracked these facts for years and he’s done poorly.
I want to shoot a big sticky load in his face and on his bald head
you must be one sad cookie if you wasted your time making this video. Who cares if Cramer recommends garbage. He has an agenda. Do you really think someone on TV or the radio is actually going to tell you how to make money? That is sacred information that nobody will give you. If your response is “yes” you are a complete idiot.
This guy can make you money. It’s really easy, just do the exact OPPOSITE of what he says.. every, single, time.
Don, we’re not morons we can remember what he said seconds earlier. We also have a function called the rewind button. The “REMEMBER he said buy…” are not necessary
Most people who watch Cramer I think treat investing as a casual game. They don’t have the energy or interest to study the fundamentals and no WAY would they spend the time to learn technical trading. Ultimately a lot of them buy funds and ETFs. 85% of funds don’t beat the S&P 500, but people still line up to pay them fees to try it again the following year.
Do you think it would ever dawn on them that they could just dump their whole pile into SPYs and turn off the TV and save all that pain?