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Jim Cramer- good or bad for business?

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Jul 27, 2005 10:26 pm

Just curious.

Jul 27, 2005 10:44 pm

Not my business however he's bad for my eyes and ears.  Loud, obnoxious blowhard, sawed off, balding, self important, sweaty stooge.   Yuck.

Jul 27, 2005 11:58 pm

He’s really interesting to watch if you can get past the yelling and screaming. As a matter of fact, watch the lightning round if you want to get a real chuckle…

Jul 28, 2005 1:14 am

Mr. Cramer…a former Goldman Sachs sales/trader.  He doesn’t look like Goldman material, now does he?

Jul 28, 2005 5:04 pm

He is quite entertaining - if you can look through the hype, he does have some interesting points to make that do make you think

Jul 28, 2005 5:33 pm

He pumps junk to the inexperienced investing public.  A complete chump and hack for Wall Street theifs in my opinion.  Do the opposite of what he says and you will be better off. 

Jul 29, 2005 12:06 am


He pumps junk to the inexperienced investing public.  A complete chump and hack for Wall Street theifs in my opinion.  Do the opposite of what he says and you will be better off. 


Good point, Malcolm. Also, check into the hedge fund he blew-up, a few years ago. Usually, one who rants and raves has very little in substance to convey.

Jul 29, 2005 12:42 am

He pumps MO. So you are saying that you would sell it?? He also advocates getting out of the smaller energy companies. I fail to see how that advice is bad…

Jul 29, 2005 3:22 pm

Which smaller energy companies?  If you tell me, then I will respond if I have the time to each company. As far as MO goes, I am not saying every single thing he recommends is bad.  Even a blind squirral will find an acorn now and then.

In general, what I am saying is, his advice is bad.  Generally, when he says buy, the horse is already out of the barn and it is too late to make the trade. 

Are you, as a professional investor actually trying to say on here that this guy gives good advice?  Is this what you are saying??  IF so, I am glad I'm not one of your clients.       

Did you know that over the last ten years, if you tallied the returns of all the buy/hold recommendations by Wall Street firms and compared it to the returns of their sell recommendations the buys would have beat the sells only three years?  Do you actually believe what Wall Street is telling you to sell your clients? 

Get informed.  A good place to start is with Dr. Mark Faber. 

Jul 29, 2005 4:02 pm

I have been trying to follow his leads. I know a month ago he stated 350 GOOGLE, before others.. It hit 300.

He also stated Amazon and Ebay would not go up like they did. Well both went up like 6 bucks in two days.

He is funny when he says get out of shoes and go into SOX. He also talked about the WalMart killers.. Aisle by aisle they are taking Walmarts profits.

He loves a lot of the biggest and best companies. LU. MSFT, INTL and others.

I do think he brings common sense with economic, supply & demand and other knowledge. He also challenges some CEO's and CFO's daily, but when INTL more or less hinted to a solid quarter he agreed and reccommended. INTL did not have a great quarter. GO AMD!

Some of his stocks reccommendations: C, DNA, MIK, TOL, WFMI, BBY, GME, AAPl, DKS, INTL, UNH, semiconducters, LU and MSFT

Jul 29, 2005 7:40 pm

If we didn’t realize that CNBC patterns itself after ESPN before, we know it now.

Jul 29, 2005 11:31 pm

Malcolm- It’s entertainment plain and simple centered around the stock market. I failed to understand what you were trying to say with the buys compared to the sells of the wall street firms. Are you trying to say that Wall Street is interested in making money for themselves?? I find that shocking…

Jul 31, 2005 7:19 pm

Heres a tip,

Have your clients watch Jim for a week and then have them come back and see you, and guess what , they will take your advice

He will either drive them crazy or they will become traders, either way you won't waste your time, let Jim weed out the ones you haven't.............. 

Aug 1, 2005 2:09 am


Are you trying to say there is nothing fundamentally wrong with Wall Street research when their buys underperform their sells consistently for the last ten years?

Are you an idiot? You find nothing wrong with this?  It goes beyond wanting to make money.  This is about being a fundamentally crooked industry.  And you're just fine with?

What a dope. 

Aug 1, 2005 1:19 pm

Greenhills- I was using sarcasm. I had hoped that I wouldn’t have to explain that. I guess I should have. BTW, the name calling was especially funny…

Aug 4, 2005 10:06 pm

I used to watch that junk a few years ago when I first went Indy and worked (schlepped) from home.  Cramer is a self inflated babboon.  Those people will put anything on their screen just to sell more advertising time to Morgan Stanley.  Ok MSDW people, don't be jumping on me cause I rode a phone over there too.  The people I knew in management were scum sucking a$$ kissers.

This Cramer guy has a website too.  He's just a salesman with friends in high places.  He'll make a killing and kill a lot of peoples lives.  Come to think of it whenever my clients tell me about Joe Kernan or someone that was on that show I always ask them if they ever heard a manager or CEO say to not buy his company?  If they tell me Kernan's not a fund manager and I tell them that's a good thing because if he was, SOMEBODY would be keeping up with his reccommendations.  And if he is so great, I'll bet my paycheck that he'd be keeping up with it AND IT WOULD BE ON THEIR SHOW FOR EVERYONE TO SEE HOW MUCH VALUE he adds.  Yeah right.

Why don't they get a real job on a soap opera?

Aug 5, 2005 1:27 pm

Well said.  He’s a hack for ignorant, uninformed people. 

Aug 5, 2005 2:50 pm

Kernan used to be a Pru broker in the 80’s by the way and Cramer…while knowledgable is pure entertatinment.  I like him but am not about to tell people to do what he says.  He is a trader NOT an investor. 

Aug 5, 2005 5:20 pm

Hmmm...trader v's investor.  So how do you define investor?  Someone who waits for the analysits to tell us what is going to happen with earnings two years down the road and then extrapolate how that will affect the growth in stock price?  Boy that sure is a successful way to throw away your money and your clients.

In my opinion most persons who call themselfs investors are actually speculators and many of the true investors are the technical traders.  Charts dont lie.  Analysists do all the time.  

So, I'm an investor and I also happen to be a long term trader. I could give a darn what Wall Street says about a stock.  And don't even get me started on mutual funds which are the biggest rip off, junk in the world. 

More traders are investors than these fools throwing away their money by following what Wall Street and their broker who knows next to nothing usually is telling them.

Aug 5, 2005 5:29 pm

Good thing you know more than the rest of those poor, benighted fools…