Cramer and Gold

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Oct 31, 2008 12:28 pm

I remember when Cramer was barking for everyone to buy gold in mid-September when GLD was at 88-90.  I'm sure there were a ton of knuckleheads doing this.  I wonder if they sold at current low levels or are hanging on.

 
http://www.marketwatch.com/news/story/Gold-falls-dollar-gains-set/story.aspx?guid=%7B7807DE07%2D26A1%2D4664%2DBE59%2DB2B2FC566C18%7D&dist=hplatest
Oct 31, 2008 1:44 pm
iceco1d:

Moreover, I wonder if any of his victims will exact some retribution from him...i.e., lawsuit.  That would serve him right for blowing up tens of thousands of people with some of his idiotic recommendations.

 
No, they would never do that.  His viewers are so deep in the kool-aid, he could tell them to eat poo and they would.
Oct 31, 2008 8:18 pm

What ? Someone made an investment recommendation and it went down in value? I can't imagine that ever happening.

Oct 31, 2008 9:45 pm
jamesbond:

What ? Someone made an investment recommendation and it went down in value? I can't imagine that ever happening.

 
No, even worse.  Someone made an investment recommendation without knowing anything about investor's specific situation.  And someone took said recommendation knowing that the person giving the recommendation had no idea if it would apply to their specific situation or not.
Oct 31, 2008 9:58 pm

He ate a little crow for that recommendation. 

Oct 31, 2008 10:14 pm
IsOldSpiceRightForMe:

He ate a little crow for that recommendation. 

 
Too bad he didn't eat a pink slip.