Jim Cramer, once again an idiot

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Mar 20, 2007 12:15 pm

http://www.nypost.com/seven/03202007/business/cramerreveals abit_too_much_business_roddy_boyd.htm


Mar 20, 2007 12:24 pm

oh my!



What was he thinking?!?

Mar 20, 2007 12:29 pm

http://www.youtube.com/watch?v=708wDFX28lc


The You Tube  of the interview.

Mar 20, 2007 12:52 pm

I'm surprised.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


I thought the guy had been banned from the business. I don't follow him but I thought that he was like the football player that had his knees taken out and now he's in the announcer's booth.


I thought I remembered a big Mea Culpa from him after the dot bomb and I just thought that he settled with the Justice Dept with a ban from trading.


I guess I was wrong in that it sounds like his hedge fund is still up and running.


Not that he admits to doing any of the things that he's doing (comes really close but no cigar, it's a Depends on what IS is parsing) But it did sound like his fund is a running rebel and he's selling the subscription to his exclusive behind the scenes pay per view of the trading room.


What surprised me was the way he tarred Bob Pisani at <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />CNBC, telling us that people tell him that "Blue Jay is buying" (or whatever that line was from Wall Street) and he is just a pigeon for the manipulator's puppet mastery.


I noticed he didn't take the same sort of shot at Faber.


Overall, I found it to be an encouraging interview in that it reinforces my confidence that my own over confidence is not unwarranted.


Mar 20, 2007 12:52 pm

Just goes to show never pays to be too honest or to brag too much. Perhaps felt compelled to express guilt over acquiring wealth by unethical means.  Hmmm, new career need: PPRC (personal public relations consultant):  "now, what should I or shouldn't I say when bragging to ensure I don't incriminate myself"?  (...won't say it on tv of course didn't think of the www or other media source publicity.  Not a good year for Cramer/Kramers--was it the name association ruboff?

Mar 20, 2007 1:38 pm

What goes around.

Mar 20, 2007 2:15 pm

A few snipets;



"then take it to a firm that doesn't know what it's doing, like UBS"<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


 


"It's obvious the Fed has to cut....."


 


"Who cares about fundamentals..."



http://209.85.165.104/search?q=cache:JrHWjfoizoUJ:www.cxoadv isory.com/gurus/Cramer/+%22cramer+deconstructed%22&hl=en &ct=clnk&cd=2&gl=us



Mar 20, 2007 2:21 pm

At least he wasn't totally dense by saying he can't manage his own personal finances and is gay.  Although SO seems to be doing quite well with her portfolio to me:  I'll trade.


These interviewers must have some special hynotic, truth serum effect or something. Yes, ok, no more, I admit it...I told a lie and chopped down the cherry tree.

Mar 20, 2007 4:32 pm

These interviewers must have some special hynotic, truth serum effect or something. Yes, ok, no more, I admit it...I told a lie and chopped down the cherry tree.


I think Jim just scored some good drugs prior to the interview!  Pretty incredible!

Mar 20, 2007 8:37 pm

An adaptation of something I heard from the Putnam guy...can't remember his name...


Mad Money is financial pornography and should not be seen by the investing public!!!


The one time I took a flyer on something that idiot said...I ended up long VTSS...what a fool I was...

Mar 20, 2007 9:00 pm

You've got to admit though, "Mad Money" is an appropriate name for a Jim

Cramer venue!