Cramer Sucks

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Aug 18, 2007 6:10 pm

So on Market Watch I came across this story and I'm sure some of you have already read it:


http://online.barrons.com/article/SB118681265755995100.html? mod=mktw


I especially love the part that says investors could make 5-30% a year by shorting Cramer's stock picks.


This guy is a joke and should be thrown off TV.  The sad reality is that the DIY's buy on his recommendation and see the stock go down in the ensuing month and sell because they let their fear override them...one of the emotions US financial professionals are paid to help control. 

Aug 18, 2007 7:18 pm

[quote=snaggletooth]

So on Market Watch I came across this story and I'm sure some of you have already read it:

http://online.barrons.com/article/SB118681265755995100.html? mod=mktw

I especially love the part that says investors could make 5-30% a year by shorting Cramer's stock picks.

This guy is a joke and should be thrown off TV.  The sad reality is that the DIY's buy on his recommendation and see the stock go down in the ensuing month and sell because they let their fear override them...one of the emotions US financial professionals are paid to help control. 

[/quote]

I LOVE it when do it yourselfers are separated from their money. It's a very efficient way of returning the money to the rightful owners, the smart people.

Aug 18, 2007 7:31 pm

RIMM's up 4.6% since Jeff Kvaal (LEH:NYSE) upgraded it on Friday and 3.3% since I posted his upgrade notes:

http://finance.yahoo.com/q/bc?s=RIMM&t=1d

Smart people get their stock tips off the RR brokers' forum. Dumb ones get them off CNBC!

I will be posting "select" upgrades/downgrades as issued by BSC, LEH, and/or JEF on this forum from time to time. Please tune in often and tell your friends!

FD: This message has NOT been approved by the afore mentioned firms' execs and/or compliance departments.

Aug 18, 2007 8:16 pm

Yolanda, Yolanda Yolanda,

We buy yu books and send you to school and make you in charge of the SEC.

Now wouldn't giving stock tips be a wee bit unethical?

shame shame.

Aug 18, 2007 8:31 pm

Not if they're good ones! That Friday one on RIMM was better than the ones issued on CNBC.

FD: I wasn't the one who started issuing research reports on this chat board with respect to RIMM.

Aug 18, 2007 8:37 pm

yep, I never minded a good stock tip…ya got me there. Wuz just teasing ya.

Aug 18, 2007 8:43 pm

I know you were and I was just kidding about posting stock tips over here. I figured a couple of folks might still be short and I didn't want them getting burned, that's all.

As far as CNBC goes, it's a well known fact when a firm gets hyped up too much on that show, it's usually downhill skiing for a while.

Fast Money stock tips are worse than Cramer's so beware of any issued by them.

I like Bill Alpert (Barrons) a lot. He's a straighshooter.

Aug 18, 2007 9:10 pm

I only watch financial shows on CNBC.  The Millionaire Inside: Monday Night's - wealthy people & financial experts giving tips about how they got rich.

suze Orman--she says "taolk" funny (e.g. talk).  Heck, I'd watch any fa give out free advice; sometimes they are on Oprah.

Suze is gay, explains why she wears the same jewelry when she tries to say it's because she's unpretentious.  I like her style including her funky hairstyle, though. Strange! What happened to Jeff? Ill?  Mysteriously disappeared or maybe fired.

Suze did warn everyone about the realestate mkt, didn't she!

Other interesting shows on CNBC - about fraud, one about dr's overcharging, defrauding and even killing their patients.  One dr. overcharged for painshots and actually killed his patient after bilking him.