Jim Cramer Blow Up

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Aug 5, 2007 11:19 pm

Anybody see Jim Cramer lose his sh*t on cnbc the other night?


http://www.youtube.com/watch?v=GY5nfytTQT8


Aug 6, 2007 1:27 am
Aug 6, 2007 9:01 am
joedabrkr:

Wow.

I know people will discount this because they already think of Cramer as a bit of a madman and a clown....

But he did run a serious hedge fund and I think he's still pretty plugged in and a bright guy.

I find this video thought provoking and disturbing....makes me wonder what he is hearing to be that fired up.



That was an act. Cramer is always too emotional, to high at the highs, to paniced at the lows, and this is just him jawboning the Fed.

Aug 6, 2007 9:02 am

er, uh, "...TOO high at the highs, TOO paniced at the lows....".



Now I'll go get the coffee I obviously need...



Aug 6, 2007 9:21 am

Crammer is a no good, stinking liberal.

Aug 6, 2007 9:21 am
Aug 6, 2007 10:43 am

Cramer is a tool.  I hate the phony way he has his shirt sleeves rolled up.  No real person rolls their sleeves that tightly.  If he wants to wear short sleeve shirts, then just buy some for God's sake.   If I were married to him, I'd take a pair of scissors and cut off all of his shirt sleeves.  Bozo.


On the mortgage issue, it really is worrying. I understand that many banks and lenders are bending over backwards to avoid foreclosures, but they can only do so much.  However, people who were so shortsighted as to take an adjustable mortgage when rates were at all time lows were just stupid.


Even if what he is saying is accurate, he would have more credibility with me if he would quit being such a freaking drama queen.

Aug 6, 2007 10:54 am

Last week he told everyone who bought a home in the last two years with a interest free loan to walk away from there home take your keys the the bank and give them the home back. Then he went on about in two years from now you can go back a buy it again cheaper!


Yeah that would work! What bank will give you credit after you pull that stunt!


I can't believe people a so stupid to listen this guy. I know he  is just a gimmick for CNBC but at some point the media has to police itself.


Aug 6, 2007 2:16 pm

Cramer explains why he sacrificed himself, climbed up on that cross and went nutso on the Fed.



http://videoplayer.thestreet.com/?clipId=137310372626&c hannel=Cramer+On+Demand&cm_ven=&cm_cat=&cm_ite=& amp;puc=&ts=1186423149860



If you think he did that for home owners with adjustable mortgages, I have a bridge to sell you. He did it because of his pals running mortgage companies and sitting on bond desks. The "little guy" was an after thought.

Aug 6, 2007 2:43 pm

Just had a client walk in freaking out as a result of what Cramer said.  He pretty much parroted Cramer's whole rant. 


Clowns.

Aug 6, 2007 2:46 pm

Crammer is a no good, stinking liberal.



Can't you be a little more direct?

Aug 6, 2007 5:06 pm

I went to watch Cramer and Suzy Orman showed up? 

Aug 6, 2007 5:30 pm

I am from the era when Louis Rukheyser was the only market guru on TV and you could close a sale by simply repeating what he said.


Do your clients listen to Cramer?


I enjoy watching him because he's so outrageous, but how about Mr. and Mrs. America--do they pay attention?


How does a guy whose only goal in life is to turn over his client's assets to a third party manager deal with clients who hear Cramer's stock picks?

Aug 6, 2007 7:51 pm

I think Cramer acts like Kramer, he just doesn't look like Kramer.


However, I do believe that a lot of his buddies on bond desks are getting whacked. That part, I believe.

Aug 6, 2007 8:22 pm

I would be suprised if any of his predictions come true tomorrow. You have to think the fed will address the mortgage fiasco and the market should get a pop on whatever he says.  Then again, it could just as easily tank if this neurotic market doesn't like it.

Aug 6, 2007 8:30 pm

How does a guy whose only goal in life is to turn over his client's assets to a third party manager deal with clients who hear Cramer's stock picks?


Thanks for the rant link, that was great!


I see Cramer as being busy fulfilling his ongoing needs, at the expense of the average person, or maybe most viewers just experience him as entertainment.


I like to work with clients who have no inclination to pick stocks, or who have already traded against themselves to the point where they are receptive to removing individual security risk - positive or negative - from the picture.


Cramer is just addicted to adrenaline and attention. Guy makes and banks 50 million and can't get a life - be careful, you become what you are and what you do. Cramer once talked about how he gets to spend quality time with his daughter in the limo on the way to school and work. Whatever. Better to delegate and enjoy a lot of the other interesting things about life.

Aug 6, 2007 9:08 pm

Like him or not, Cramer is a market mover. If you could buy the stocks he is going to highlight on his show the day before he does it, you will become very rich indeed. And as far as I am concerned, I believe he does look out for the common man.

Aug 6, 2007 9:37 pm

Really, you think he moves the might market? And now he is jawboning the Fed. Seems like he is pretty full of himself, maybe I'm wrong.

Aug 6, 2007 9:42 pm
roostertale:

Really, you think he moves the might market? And now he is jawboning the Fed. Seems like he is pretty full of himself, maybe I'm wrong.



He is full of himself, but he also has a bully pulpit and he knows how to milk it for all it's worth.


Something about those with extreme confidence--it's easy to come across as arrogant.


Somebody--perhaps Babe Ruth--once said, "It ain't bragging if you can do it."


It would be good if every guy and gal in production could develop that attitude without sounding arrogant.  If you don't blow your own horn nobody else will.

Aug 6, 2007 11:01 pm

If you want to get a taste of how bad things are in the mortgage/CDO area,

take a look at this site:

http://ml-implode.com/



Mission Accomplished- Cramer was just jawboning, but everyone is talking

about it.