Jim Cramer gets called out on his lies
Personally I think this guy is secretly working for a hedge fund. I dont like him one bit, and a lot of it is due to his unstable manner.
This is a pretty good watch if you have 8 min to spare. http://youtube.com/watch?v=SGkrNJ19DSU[quote=RULiquid]
Personally I think this guy is secretly working for a hedge fund. I don’t like him one bit, and a lot of it is due to his unstable manner.
This is a pretty good watch if you have 8 min to spare. http://youtube.com/watch?v=SGkrNJ19DSU[/quote]Great video!!! Cramer is full of it. Loves to brag about his track record (about 22% a year net of all fees when running the hedge fund). I agree it's a respectable record, but by no means unmatchable. If he was half the "God" he thinks/claims he is, he'd have at least double that.
I don't think he works for any hedge fund, but he HE DOES PLAY for the major advertisers of CNBC and his show ==> The online trading companies TD Ameritrade, Schwab, Scott Trade, etc.
Why else would he encourage people to split a 100 share trade of a $20 stock into 4 25-share purchases??? Now a $2,000 trade carries 4 $10 transactions plus takes lots of time out of people trying to time the market.
I call it Bull-S@%*
Santelli calling out Kramer revives that last ounce of respect I have for CNBC…assuming it wasn’t scripted…
Kramer is a smart guy, but more than that is he a showman putting on what is mostly an act and his BS appears to be drawing a crowd
(about 22% a year net of all fees when running the hedge fund). I agree it’s a respectable record, but by no means unmatchable. If he was half the “God” he thinks/claims he is, he’d have at least double that.
least you have some reasonable expectations. who exactly has a “track record” or 44% returns? and i mean a track record, not 3, 4, or 5 years.
He is entertaining…but is a big flip/flopper…he looked like he was going to die last tuesday…he was a BIG BEAR for one day!
agree with that. i watch him simply for entertainment and background noise at the office.
[quote=theironhorse](about 22% a year net of all fees when running the hedge fund). I agree it’s a respectable record, but by no means unmatchable. If he was half the “God” he thinks/claims he is, he’d have at least double that.
least you have some reasonable expectations. who exactly has a “track record” or 44% returns? and i mean a track record, not 3, 4, or 5 years.
when does he do this?
I am not pro/con Cramer in absolute terms. I just question your reasoning behind disliking him.[/quote]
1. My point exacly, no one I know has that kind of record or claims to be an investing "God". CGMFX has a 10 year avg of 26%, yet you don't see Ken Heebner claiming he knows it all.
2. I DVR his show everyday and watch it on very volatile days to see what the "average investor" is listening to. HE DOES ENCOURAGE SPLITTING TRADES, 100 in four 25 trades, etc. He used to tell viewers to buy 1 share of SHLD if all they had was $200 (back when SHLD traded for $170+) while EMPHATICALLY saying Ed Lampert was the BEST hedge fund manager he ever knew, that he used to be jealous of him when the both ran a hedge fund.
3. I don't dislike him per se, I like his commentaries on the day's actions, but his forecasting abilities are questionable (as anyone's).
sedona-he is a showman, i agree completely. i have heard him many times tell people to buy in smaller lots on the way down, which to a certain degree, i feel is correct. balancing risk vs. cost is important. not exactly the same thing, but it reminds me of rebalancing. it costs money to do it, but is the extra cost worth it?
and yes, i remember is SHLD lovefest.Source URL:https://www.wealthmanagement.com/forums/lounge/jim-cramer-gets-called-out-his-lies