Cramer
Sees more downside in this market… after calling the bottom not once but twice already. How do we get this guy to shut up?
Rat poison. Heavy doses.Sees more downside in this market… after calling the bottom not once but twice already. How do we get this guy to shut up?
A client called me about two hours ago and said "Jim Cramer said that we shouldn’t buy any stocks for 5 years."
Frankly, I was flabbergasted.
Cramer is almost ALWAYS wrong…Its amazing that GE employs him. Maybe GE stock price / problems is a karma thing for giving him a platform to mess with the investing public.
http://bigpicture.typepad.com/comments/2008/10/contrary-cramer.html
A client called me about two hours ago and said "Jim Cramer said that we shouldn’t buy any stocks for 5 years."
Frankly, I was flabbergasted.
[quote=Primo]Sees more downside in this market… after calling the bottom not once but twice already. How do we get this guy to shut up?[/quote]
By not creating topics about him.
Adrenaline addiction can be pathetic.
We survived da first 4,000 drop
Lets see if we’s can survive another 4,000 drop
Dow at 6,000…Maybe otay buh-weet
Chill out …seriously. Cramer is what he is and yes I understand he has a following for better or for worse. Cramer is FIRST and FOREMOST an ENTERTAINER. Not to underplay his following or statements but let us put this in to perspective for clients that quote him. Move from emotions to logic.
I’m reading “The Snowball” about Warren Buffett. Anyone else reading or read? He’s an odd dude…I think of all the talking heads, ave investors understand Buffett. I think the media needs to bring him forward to calm the markets…they won’t listen to anyone else.
On clients calling to move to cash...well...I give them the why jump now...but if you can't sleep at night worrying about your money..lets temporarily move over to cash. I, like Borker Boy, made the mistake(several actually), about talking clients out of cashing Lehman bonds, when "our son in law thinks are portfolio is good except Lehman"..what do you think. Now the brother in law is smarter than me...fuccerdDoes anyone know some FACTS about Cramer’s history? Maybe that’s a good way for us to start dealing with this situation.
I know he ran a hedge fund that was a large hedge fund for a while. But, was the hedge fund successful? Did it blow up in the end?
Don’t they all blow up in the end?
Good Point BSpears If any member has the " dirt " on Cramer , let’s hear the goods.
Jim Cramer Deconstructed, courtesy of CXO Advisor.
They also have lots of other “guru” histories and prediction results.
Thanks , GVF. From the article they Rank …Cramer’s forecasting as moderate to average. My six and three year old granddaughters might also rank about the same after a weekend at their grandparent’s home. Make sure they are loaded up on Sugar Content and almost able to rant the same way.
[quote=HymanRoth] Does anyone know some FACTS about Cramer’s history? Maybe that’s a good way for us to start dealing with this situation.I know he ran a hedge fund that was a large hedge fund for a while. But, was the hedge fund successful? Did it blow up in the end?
[/quote]
My Goldman wholesaler said Cramer’s fund BLEW UP and he was fired!
Miss J
Miss Jones…thanks now doesn’t that just that say it all? I am bringing out my granddaughters. Cute , polite and proper little ladies. MODERATE TO AVERAGE FORECASTING.
Cramer is just another reason I’m dumping GE.
maybe do some research and find out exactly how his fund performed. the guy is an entertainer in his current role, no doubt. but his story is very interesting to say the least.
<font =“text” face=“arial,helvetica,univers”>in the '80s as a Goldman, Sachs & Co. (GS
) broker, followed by 14 years at Cramer Berkowitz, his $450 million
hedge fund, where he earned an average return of 24% a year after fees.
<font =“text” face=“arial,helvetica,univers”>Burned out, Cramer
cashed out of his hedge fund at the end of 2000 – the dot-bomb year in
which his fund trounced the Standard & Poor’s 500-stock index by 38
percentage points.
just goes to show you that eventually everyone reverts to the mean. but from many posts on this forum we have people here who believe it will never happen to them, good luck.
I kind of feel like I have reverted to the mean, charging folks 1% for saving and keeping an appropriate balance of stocks, bonds, real estate and cash, and making sure they are signed up for their group benefits and have portable insurance. Maybe Cramer has found his true calling.
Cramer is a guy in the know and has made some very good calls. No doubt he is from the school of “what’s working now” and his style is a little quirky, but never under estimate his insight.
i had a client that told me to buy several positions because cramer said so. i advised him against this. the guy at so much $hit in the last few weeks that his portfolio makes the recent sell off look like childs play.
Ferris…but me down for a percentage of your Bond & Legal Fees. Cramer and his fellow talking heads have created more fear rather than help to explain or educate in these trying times. Cramer you are an Ass!!!
I wonder how many people sold out of their accounts because Cramer said “I need you to sell anything you would need in the next 5 years”, and missed this nice 10% bounce?
Oh man, can you imagine the damage done by selling at the lows? Even if this rally isn't sustained, I would rather reposition down 20% for the year instead of 40%...(hopefully we get to down only 20% for the year).except that 5 yr $ never should have been in equities in the 1st place
And that was Cramer's point. The problem is, the masses only hear what they want to hear. He's actually a smart guy in a monkey costume. I never watched him before the past few months. I tune in once in a while to see what he's saying now (so I know what the he11 people are hearing). If you can get past the bells and whistles (literally), you can see that he has good insight and is pretty smart. But people get caught up in his play-calling from the sidelines. You really shouldn't always take his advice at face value (just like I don't go out and buy every stock I read about on the Motley Fool, or buy every stock that Goldman, or Morningstar, or my firm recommends), but you can pick up some valuable insight and knowledge from him that you can use in your business. Again, the problem is, people hear him talk, and it's like Moses or something.except that 5 yr $ never should have been in equities in the 1st place
And that was Cramer's point. The problem is, the masses only hear what they want to hear. He's actually a smart guy in a monkey costume. I never watched him before the past few months. I tune in once in a while to see what he's saying now (so I know what the he11 people are hearing). If you can get past the bells and whistles (literally), you can see that he has good insight and is pretty smart. But people get caught up in his play-calling from the sidelines. You really shouldn't always take his advice at face value (just like I don't go out and buy every stock I read about on the Motley Fool, or buy every stock that Goldman, or Morningstar, or my firm recommends), but you can pick up some valuable insight and knowledge from him that you can use in your business. Again, the problem is, people hear him talk, and it's like Moses or something. [/quote] SHUT.UP....you mean he's not?[quote=newnew]except that 5 yr $ never should have been in equities in the 1st place
He has found his true calling.
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