Cramer

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Oct 6, 2008 6:50 pm

Sees more downside in this market... after calling the bottom not once but twice already.  How do we get this guy to shut up?

Oct 6, 2008 6:54 pm
Primo:

Sees more downside in this market... after calling the bottom not once but twice already.  How do we get this guy to shut up?





 
Rat poison.  Heavy doses.
Oct 6, 2008 7:25 pm

A client called me about two hours ago and said "Jim Cramer said that we shouldn't buy any stocks for 5 years."

Frankly, I was flabbergasted.

Oct 6, 2008 7:25 pm

Cramer is almost ALWAYS wrong...Its amazing that GE employs him.  Maybe GE stock price / problems is a karma thing for giving him a platform to mess with the investing public.

http://bigpicture.typepad.com/comments/2008/10/contrary-cramer.html

Oct 6, 2008 8:17 pm

A client called me about two hours ago and said "Jim Cramer said that we shouldn't buy any stocks for 5 years."

Frankly, I was flabbergasted.







 
Cramer didn't say that.  He said that money that is needed within the next 5 years shouldn't be in stocks.  It makes sense to me regardless of the market conditions.
Oct 6, 2008 10:24 pm
Primo:

Sees more downside in this market... after calling the bottom not once but twice already.  How do we get this guy to shut up?



By not creating topics about him.

Oct 6, 2008 11:13 pm

Adrenaline addiction can be pathetic.

Oct 6, 2008 11:34 pm

We survived da first 4,000 drop
Lets see if we's can survive another 4,000 drop

Dow at 6,000......Maybe otay buh-weet

Oct 7, 2008 9:50 am

Chill out ...seriously. Cramer is what he is and yes I understand he has a following for better or for worse. Cramer is FIRST and FOREMOST an ENTERTAINER. Not to underplay his following or statements but let us put this in to perspective for clients that quote him. Move from emotions to logic.

Oct 7, 2008 10:38 am

I'm reading "The Snowball" about Warren Buffett.  Anyone else reading or read?  He's an odd dude...I think of all the talking heads, ave investors understand Buffett. I think the media needs to bring him forward to calm the markets..they won't listen to anyone else. 

On clients calling to move to cash...well...I give them the why jump now...but if you can't sleep at night worrying about your money..lets temporarily move over to cash. I, like Borker Boy, made the mistake(several actually), about talking clients out of cashing Lehman bonds, when "our son in law thinks are portfolio is good except Lehman"..what do you think.  Now the brother in law is smarter than me...fuccerd
Oct 7, 2008 11:41 am

Does anyone know some FACTS about Cramer's history?  Maybe that's a good way for us to start dealing with this situation.

I know he ran a hedge fund that was a large hedge fund for a while.  But, was the hedge fund successful?  Did it blow up in the end?

Oct 7, 2008 11:44 am

Don't they all blow up in the end?

Oct 7, 2008 11:53 am

Good Point BSpears If any member has the " dirt " on Cramer , let's hear the goods.

Oct 7, 2008 12:33 pm

Jim Cramer Deconstructed, courtesy of CXO Advisor.

They also have lots of other "guru" histories and prediction results.   

Oct 7, 2008 12:49 pm

Thanks , GVF. From the article they Rank ......Cramer's forecasting as moderate to average. My six and three year old granddaughters might also rank about the same after a weekend at their grandparent's home. Make sure they are loaded up on Sugar Content and almost able to rant the same way.

Oct 7, 2008 1:18 pm
HymanRoth:

Does anyone know some FACTS about Cramer's history? Maybe that's a good way for us to start dealing with this situation.I know he ran a hedge fund that was a large hedge fund for a while. But, was the hedge fund successful? Did it blow up in the end?





My Goldman wholesaler said Cramer's fund BLEW UP and he was fired!



Miss J

Oct 7, 2008 1:34 pm

Miss Jones.....thanks now doesn't that just that say it all? I am bringing out my granddaughters. Cute , polite and proper little ladies. MODERATE TO AVERAGE FORECASTING.

Oct 7, 2008 2:06 pm

Cramer is just another reason I'm dumping GE.

Oct 7, 2008 2:58 pm

maybe do some research and find out exactly how his fund performed.  the guy is an entertainer in his current role, no doubt.  but his story is very interesting to say the least.

in the '80s as a Goldman, Sachs & Co. (GS
) broker, followed by 14 years at Cramer Berkowitz, his $450 million
hedge fund, where he earned an average return of 24% a year after fees.


Burned out, Cramer
cashed out of his hedge fund at the end of 2000 -- the dot-bomb year in
which his fund trounced the Standard & Poor's 500-stock index by 38
percentage points.

just goes to show you that eventually everyone reverts to the mean.  but from many posts on this forum we have people here who believe it will never happen to them, good luck.

Oct 7, 2008 3:25 pm

I kind of feel like I have reverted to the mean, charging folks 1% for saving and keeping an appropriate balance of stocks, bonds, real estate and cash, and making sure they are signed up for their group benefits and have portable insurance. Maybe Cramer has found his true calling.