How the f*** does Cramer stay on TV

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Nov 11, 2009 8:36 pm

I know I should just ignore him.



He makes me nuts



Just lies

bull on up days

bear on down days

loves gold at 1100

hates it on pullback



just a GD MF bold face liar.



Since he says everything about every market at some point he can away go back and say "i was right"



I would just love to punch the CS as hard as i can right in the face.



booyah this bic*th



not very healthy? is it?



plus Baron's looked at his hedge fund back in the day.   

Dude just played soft dollar IPO whore stuff.



and when he interupts people.   especially little cutie Erin

the SOB does'nt listen



Nov 11, 2009 8:44 pm

booyah to everything you just said sexy shania.  Just one addition. short everything he recommends.  you'll make some gains that way.  cramer is merely entertainment for dummies.

Nov 11, 2009 9:24 pm

Yea he only had clients like steve balmer and eliot spitzer as a broker...im sure your client list is just as robust....love him or hate him he knows more about the market than you could dream of....he is a wall street insider......you can tell a client to buy american funds.

Nov 11, 2009 10:45 pm
WFAt:

Yea he only had clients like steve balmer and eliot spitzer as a broker...im sure your client list is just as robust....love him or hate him he knows more about the market than you could dream of....he is a wall street insider......you can tell a client to buy american funds.







read barons article.



yep he was a wall street insider alright......



insider trading.   



IPO flipping.



buy the crap deals then flip em.



pay the firms the soft dollar commis



build up an allocation and get the hot deals.



no skill.    



He is full of crap    





(ps: My partners and I have an audited track record of 14 years. Have not sold a mutual fund in years)



elliot spitzer   funny    Yea he is my dream client

Nov 11, 2009 11:27 pm
mlgone:
WFAt:

Yea he only had clients like steve balmer and eliot spitzer as a broker...im sure your client list is just as robust....love him or hate him he knows more about the market than you could dream of....he is a wall street insider......you can tell a client to buy american funds.





I tracked cramer's stuff for 2 years for the fun of it. It was terrible. You might BE Cramer with that comment



"Don't sell Bear Sterns they are liquid"   Great call





It's Stearns .... Retard

Nov 12, 2009 7:47 am

What was his annual return running a hedgie? 28....whats yours...

Nov 12, 2009 8:12 am

I can only watch him for a few minutes.  He can stay on tv because he's good at his job.  His job isn't to be a good stock picker.  His job is to sell advertising revenue.

 
Isn't the name of his show "Mad Money"?  The last time that I checked, "mad money" is the money that one has available to blow.  This is money that can be used for the shoe of the month club or for individual stock picks.  It's for money that one can afford to blow.
Nov 12, 2009 8:22 am

I don't despise him, but got no respect for him either.  Check this out. Cramer at his best with Jon Stewart. Not!

http://www.thedailyshow.com/full-episodes/220533/thu-march-12-2009-jim-cramer

Booyah SkeeDaddy!

Nov 12, 2009 9:54 am
WFAt:

What was his annual return running a hedgie? 28....whats yours...

 
Yeah, front running large orders. You are a meathead void of original thought.
Nov 12, 2009 10:01 am
he is full of crap
 
I'll leave this topic with one more point about Cramer. To his credit, his record at Cramer Berkowitz, his hedge fund, was very good. I believe his investors' returns net of fees were around 24% annually, or something in the mid twenties (I read his autobiography, but it was awhile ago). This number, on the surface, appears to be excellent. However, keep in mind a couple things about that figure.

First, Cramer ran his fund from the early 1980's through the 1990's. Essentially, his time running money professionally overlapped exactly with the greatest bull market our country's stock market has ever seen. I believe the S&P 500 compounded at around 20% per year during his hedge fund days. So, it's not like he was making 20-something percent during a time when making money was difficult.


Second, if you read his autobiography, Confessions of a Street Addict, you'll learn that he made a lot of that money in some pretty interesting ways. Since he was a big player, he made tons with IPO share allotments that he was allowed to flip on the first day of trading, which amounted to free money with little risk. In his book he also talks about how he would get word of analyst upgrades and downgrades before the information was made public to everyone, because his firm was a big client of the investment banks who issued sell-side reports.


If you factor in the market averaging 15% and throw in the other ways in which Cramer was able to make money for his clients with very little effort or insight, you might understand a bit more why his picks on Mad Money have left much to be desired. If you want to learn about the market and be entertained, Cramer can have a lot to offer. For stock picks though, I would not suggest you tune in for that reason alone.


SeekingAlpha.Initializer.LogAndRun(load_article_toolbar);
Nov 12, 2009 10:03 am

[quote=anonymous]I can only watch him for a few minutes.  He can stay on tv because he's good at his job. 

 
His job isn't to be a good stock picker. 
 
His job is to sell advertising revenue.
 {/QUOTE]
 
well put
Nov 12, 2009 7:21 pm
WFAt:

What was his annual return running a hedgie? 28....whats yours...

 
Don't fool yourself about Cramer's alleged hedge fund returns. Who audited them?
 
http://www.thestreet.com/funds/smarter/891820.html
 
 

Editor's Note: James J. Cramer is the keynote speaker at the 6th Annual Internet and Electronic Commerce Conference and Exposition, held today at the Jacob Javits Center in New York City. We're running the full text of that speech here.





  You want winners? You want me to put my Cramer Berkowitz hedge fund hat on and just discuss what my fund is buying today to try to make money tomorrow and the next day and the next? You want my top 10 stocks for who is going to make it in the New World? You know what? I am going to give them to you. Right here. Right now.

OK. Here goes. Write them down -- no handouts here!: 724 Solutions (SVNX Quote), Ariba (ARBA Quote), Digital Island (ISLD Quote), Exodus (EXDS Quote), InfoSpace.com (INSP Quote), Inktomi (INKT Quote), Mercury Interactive (MERQ Quote), Sonera (SNRA Quote), VeriSign (VRSN Quote) and Veritas Software (VRTS Quote).


Nov 12, 2009 7:35 pm

Ron.

 
When you can charge 4 and 40 and not starve to death....ill concede im a methhead. In the meantime, make sure the tire pressure is full on your prius.
Nov 12, 2009 7:44 pm

He said meathead.

Nov 12, 2009 8:43 pm

thats like saying sterns instead of stearns....learn how to spell big ticket

Nov 12, 2009 8:54 pm

Cramer touted Lenny Dykstra "as one of the brightest he has ever seen, a WIZ KID" !! Dkystra could barely form a sentence when he trying to explain a call option buy on the HBO piece a couple years ago.  You could tell is was a sham, yet Cramer was paying Dykstra to put his "picks" on the The Street.com.  Cramer is a fraud.  Do not understand how stupid people are to listen to him.

Nov 12, 2009 9:00 pm

im sure he would compare W-2s with all of you anyday....and at the end of the day isnt that what its all about...let me guess doug kass is an idiot too right?

Nov 12, 2009 9:08 pm
WFAt:

im sure he would compare W-2s with all of you anyday....and at the end of the day isnt that what its all about...let me guess doug kass is an idiot too right?


I have no opinion on Kass, at least he finally came clean last week on CNBC and somewhat told the truth that he has been short the market since April (after cnbc assumed he was long the whole time).  But dont know enough about him to say anything about his character. 
 
Cramer is a shady, does not mean he is broke, far far from it.  I think whatever he makes legitimately from the tv show, he makes 100X that in side deals from stock pumps.  For instance after T Boone Pickens came on to pump up his CLNE, which had run from 5 to 17, Pickens comes on TV for a 30 minute pump session with Jimbo..stock goes up $2.00 the next day, then amazingly that same day Pickens and his wife Madaline sell 3,000,000 shares at the high, then it drops in 9 points the next few months.  Sure there was a "thank you" for Jimmy on that one.
Nov 12, 2009 9:09 pm

mlgone.....what is your best stock pick moving forward this year...

Nov 12, 2009 9:13 pm

Fritz...i can agree with some of that but you assume everyone watches cnbc...the fact is guys like cramer, kass, cashin etc. get people excited about the market.....AND OPENLY SAY CALL YOUR BROKER....call them pikers all you want but a guy like cramer who was a broker for gs is not an idiot. we would all kill to be brokers at gs.