I really am losing professional respect for Jim Cramer.
I understand that markets change and bulls become bears and vice versa. That is the way it is supposed to be!
My beef with Jim is that he changes his tune DAILY...This week he has flip flopped more than a politician (republican or democrat!). Yesterday he was bullish and the market looked great and buy buy buy!!!...etc etc etc
Today, "cash is king" and "when stocks are going down you need to get out of the way" and sell sell sell!!!!....Well that is great unless you went out and bought today based on his nonsense yesterday...
Last I checked he hosts a show for longer term investors, NOT Fast Money which is a show more geared to short term traders...
If he was bullish yesterday and he liked some names yesterday, then he should stand in there and like them even more today because they are probably a lot cheaper...
Forum > Cramer At It Again....
Displaying entries 1 - 20 of 38 forum posts in total
12
|
Posted July 02, 2009 (06:45PM)
|
|
Posted July 02, 2009 (06:49PM)
I thought Cramers show's this week were repeats, because of the holiday. I think he taped some shows before hand, like a "How To" group of shows, where he dont necisarrily talk about just stocks (no Lightning Round), but just what to do in different market circumstances. I know all this week, they have been taped shows, so that might be the reason. I may be wrong, I usually catch the 10 P.M. show here in the Midwest, so I haven't seen it yet.
|
|||||||||||||||||||
|
Posted July 02, 2009 (07:05PM)
Over a month ago, I started watchin Cramer... but it only took a couple of weeks of his crap, and I decided I could do better on my own, and let him pump his stocks for his(and I use the word loosely)"Charitable Foundation". Yeahhhhhh... Right... I don't even watch CNBC anymore.. they all do it, and he is the worst of the bunch. I only started watching him because of that night he was on 'The Daily Show'.. Jon Stewart had him nearly crying like a baby and I found it amusing... after seeing his shows for myself, I am not amused anymore. |
|
Posted July 02, 2009 (07:19PM)
Ahh, I dont mind Cramer, I watch his show for entertainment, and he does give pretty good advise on how you should handle your portfolio, maybe not necessarily your stock picks, but just how to buy stock, how to sell stock, and what to do in between. Anytime he mentions one of mine, I am like, "UH OH". I dont get all riled up about his stock picks like most do, just because 1.) Im not a trader, and 2.) I can think for myself. It burns my grits everytime someone calls into "Am I Diversified", and they're portfolio consists of just about every stock that Cramer has raved about for the last few months. I like his show, and will continue to watch but, I also understand alot of people's frustrations with him. I like the guys on Fast Money as well, Adami is sharp as a whip, I like Terranova for his insight on oil and commodities, Seymour breaks down the emergings and what to look out for overseas, and the Najarian's are both just fun, insightful guys (and cool guys to Tweet back and forth with).
|
|||||||||||||||||||
|
Posted July 02, 2009 (08:50PM)
Yesterday, every interview CNBC had during intraday trading was someone telling us the market was a raging bull.
At the point where one guy said "I'm fairly sure we're headed for a ten thousand Dow before the end of the summer", I doubled my short positions. Woke up this morning to some really, really nice numbers....I'm lovin' it! Today, everyone on CNBC is almost certain armegedon is back on the table....the saga continues. There are only a handful of the minority of reporters and hosts on CNBC that I truly trust, Guy Adami, Karen Finerman, and the Najarians to name the bulk....several others that I can't recall just now. As far as Jim is concerned, I watch him mainly because there's often nothing better on at that time slot and I have the channel still on from Fast Money. Tonight, strangely enough, Jim mention3ed that it's a bad idea to listen to fund managers during trading hours...what a co-inky dinky! He's got our backs!!! He's adamantly opposed to ETF's...coincidentally, they hinder the ability for a fella like him to promote individual stocks. He's now kind enough to let us know fund managers are our competitors and it's likely a bad idea to listen to them...well go figure, a gosh darn conflict of interst indeed!!...golly gee, I'd never've thunk it! Here's a thought, it really wouldn't shock me if there were some type of upcoming revelation that a large portion, if not all, of the CNBC corporate staff are involved in a massive market manipulation scheme and Cramers trying to wash his hands. It's a stretch, but how many times, over and over, do I continue making monewy on contrarian bets from CNBC's "advice" before a small time Joe like me puts two and two together? Coincidence? |
|
Posted July 02, 2009 (08:56PM)
http://twitter.com/TheFish45#/favorites?user=TheFish45
Few of my Tweets from The Fast Money guys, check em out. Really down to earth guys, especially when you can break away from the market and talk about other things. By the way, you can follow TradeKing on Twitter as well, very cool, sometimes they are tooting the horn about what WE are talking about here in the forums. Dont see that alot, a company putting they're customers in the limelight for a bit. I would like to see TradeKing get on Facebook though, I follow ING on there, and they have some interesting reads and articles posted from time to time there. I think it would be a good tool to get more customers to TradeKing, because everyone and they're brother is on Facebook. |
|||||||||||||||||||
|
Posted July 02, 2009 (09:33PM)
Reed, from what I can see...thats "BigDog"'s method.
He's the CEO of tradeking...he blogs at least once a week and often interacts with us "wee" folk. Running a business that way is absolutely ingenious in a world where you get put on hold for half an hour to finally reach someone in India that barely speaks the language just to discover you didn't know where the reset button was on your new gadget.. |
|
Posted July 02, 2009 (09:39PM)
Yeah, well, its a GREAT method, and I appreciate it. Speaks volumes to me. I'm not sure if my Twitter page is able to come up where you can see my Tweets from the Fast Money guys and Todd Stottelmyre, but you get the picture. Very fun indeed. Sometimes, its just nice to be reminded that these guys are just like the rest of us, like to drink some beer, play some cards, and watch the ball game with the guys. |
|||||||||||||||||||
|
Posted July 02, 2009 (11:03PM)
When I first came here I sent a PM instead of commenting on his blog, didn’t know any better. He promptly answered me. I don’t do that anymore out of respect for his time being better spent. Nice to know he is there and available if needed. The TK staff is excellent, always courteous and helpful, I think that a commander should be judged by an inspection of the troops, BigDog rates an Outstanding! |
|||||||||||||||||||
|
Posted July 03, 2009 (12:13AM)
I'm with MrReed about Cramer's shows being repeats. If you've noticed, he's not discussed individual stocks except as examples of an overlying theme. This week's shows have been more instructional than advisory.
I also agree that TK's staff are tops. It's been my experience that they've always been very helpful and accessible. ~~Weird Uncle Jesse~~ |
|||||||||||||||||||
|
Posted July 03, 2009 (12:38AM)
Yeah, Cramer is in rerun mode for the holiday week. I had seen tonights episode before. |
|||||||||||||||||||
|
Posted July 03, 2009 (01:16AM)
Cramer is a one-man show and it is difficult, if no impossible to find a substitute. Pre-recording a few generic episodes that can be run anytime is a clever way to keep the audience happy while allowing him to take a vacation from time to time
|
|
|
Posted July 03, 2009 (08:21AM)
I wouldn't buy most of the stocks Cramer recommends, but then he may not buy some of the ones I like to trade. I take every thing he says with a grain of salt. After all, he is human. A very rich human, but still human. If I was on "are you diversified?" I would rate ok, but a good portion of the audience has never heard of some of the stocks I buy and sell.
Like Mr. Reed, I can think for myself. I do my own digging and research. |
|
Posted July 03, 2009 (01:03PM)
If Cramer was to look at my portfolio, the button on his "SELL SELL SELL" board would fall off. I have a few that would probably get his seal of approval, although, I bought them because I like the companies, not because Cramer has liked them at any point (NYX, GE, X). I could already hear it when he would see my play on solar, Evergreen Solar (ESLR). "Oh I dont like ESLR, First Solar is where you should be"................or, "I think RIMM is the way to play the smartphone market, avoid Nokia, I would BUY BUY BUY RIMM right here, right now"...........
|
|||||||||||||||||||
|
Posted July 04, 2009 (02:53AM)
I think Cramer is great, but everything he says or recommends, you have to take it with a grain of salt. He is not the end-all of stock knowledge, but merely a beginning. He's the first step you take, not the only step. If you use him as an informative tool, one of many informative tools, he's a valuable asset. If you use him to determine every move you should make, you'll do very poorly.
My new blog: http://fadingthetrend.blogspot.com/ |
|
Posted July 04, 2009 (08:27PM)
You have to give Cramer some credit...he's trying to piece together what the market provides him with.
You can tell that he is a fan of the bull market and thats just the way he is but when you got fickle government spending, unemployment rates with the volatility the size of the moon, corporate breakdowns, commodities interest changing weekly, and so forth...its very hard for a guy with a show that suppose to entertain...to be on one side of the fence when it comes to determining bull and bear markets. He's merely a guy trying to evaluate the headlines... ...with that said, you can't expect to follow his calls without you doing the research so those who just jump in on blind faith, usually get *ahem* "slaughtered"... Consider him what he is...interactive news...not always right, but there to speak its thoughts. |
|||||||||||||||||||
|
Posted July 04, 2009 (08:40PM)
I'm sorry, but anyone who thinks Cramer is anything more than a manipulate, greedy, sorry excuse for a human being has obviously not done their research.
Do a simple google search, that is all it takes. Their is a plethora of evidence out there that proves his true character. Was pisses me off more than anything is that he pretends to be this "savior" to the "common people," when in fact he is merely using them to further his own agenda. He is a liar and thief, and if I had the chance I would be glad to knock his sorry ass out. I hold him no higher than the sorry likes of Madoff or Fastow. http://www.youtube.com/watch?v=SGkrNJ19DSU http://www.youtube.com/watch?v=_nkZ3eHeXlc and for the grand finale, http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220533 And I could go on and on and on. |
|||||||||||||||||||
|
Posted July 05, 2009 (01:01AM)
I sometimes like Cramer and I sometimes find him full of crap. Like all people. But you don't seem grounded in reality with a comparison like that. Get real. |
|
Posted July 05, 2009 (01:34AM)
Ven, I agree.
I wouldn't use the strong language you used, but I have to question the integrity of a man who made his living as a cheat. I give addage for the possibility that Cramer may well be trying to be a "good guy" now, but his success rate for stock picks is less than mediocre, his interviews are more like info-mercials trying to sell companies to investors, which makes you wonder if he isn't reimburs3d for the endorsements in some way. An ex-employee of his wrote an expose of Cramers tactics, such as calling analysts to trick info from them ahead of announcements and stories of him calling in stock picks to Maria Bartiromo to mention on air to pump for his hedge fund prior to his joining CNBC.. A snake will always be a snake, even if it promises not to strike, it's still a snake. |
|
Posted July 05, 2009 (04:49AM)
Are you kidding me? Of course it is grounded. I guarantee you Cramer has mislead and manipulated more people than Madoff and Fastow combined... times a thousand. There is nothing worse than a self-proclaimed (false) prophet. |
|||||||||||||||||||
Displaying entries 1 - 20 of 38 forum posts in total
12
|
You must Log In to post to this forum.
|