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Cramer Apologizes Over Twitter Rant

Tyler Durden's picture





 

And now for some late night amusement from head CNBC entertainer Cramer: "I lost my temper on Twitter this morning. The chatter was that I had put people in the market at the top and taken them out at the bottom. I have done a bunch of things wrong in my life and in my trading career, but that combination is not one of them. There were also the attacks on me about buying gold at the top. What am I supposed to do about this one?"...

We can't help Cramer there, but here is what we had to say about Cramer's apoplectic invocation for a surge in gold, mere hours before its biggest one-day price drop in years:

What are we supposed to say about this one, besides: top ticking swiss watch.

As Cramer is nothing more than a (tragi)comedian, we applaud his collapse to the level of one Dennis Kneale, whose last gimmick before ending his CNBC career, was engaging the blogo/twittersphere. We are delighted that Mr. Cramer has finally "succumbed" to the same terminal level.

As for actually going through Cramer's desperate protest and refuting misrepresentation after misrepresentation, that action is certainly not worth our time: a mere google search should be sufficient.

Twitter Twaddle

By Jim Cramer
RealMoney Columnist

11/12/2010 3:07 PM EST

I lost my temper on Twitter this morning. The chatter was that I had put people in the market at the top and taken them out at the bottom. I have done a bunch of things wrong in my life and in my trading career, but that combination is not one of them.

There were also the attacks on me about buying gold at the top. What am I supposed to do about this one? I have liked gold for six years. I  am not going to back away from it down $40. Let me go one step further: If I liked it last night when it was not trading and it was down $40 today, these newbies think I got it wrong. It would be wrong if it were up $40 -- then people would be buying a spike instead of a gift.

Twitter is not the format to debate this stuff. I just wanted to point out -- something that you can't do in 140 characters -- that I know I said buy at Dow 6500 because I did something I almost never do: I said "buy" because Doug Kass made a totally compelling case that it was a generational low! I had been saying that in a worstcase scenario we could go to 5000 and change, but I didn't think that was likely. [ZH: of course, let's not forget this]

Along came Doug, saying he had been a bear and he couldn't be a bear anymore. I freely and repeatedly said I was in agreement with his call.

That's why I find these critics so annoying. If you think I didn't say "buy," then you didn't think that Doug said "buy." That's point-blank false.

But they don't care.

As for gold, I have emphasized over and over again that gold is NOT A TRADE. It is an investment. One that has to be in peoples' portfolios.

So many think they have missed it.

You are getting your chance.

When you are public, like I am, you put yourself out there all the time. There is so much to criticize that I have done -- in the same way that anyone who has ever run a hedge fund knows that a lot of mistakes are routinely made.

You want to be never wrong? Never take a position. But you can never be right, either.

That's not called money management. That watching the arena, not being in it.

The Twitterers aren't even watchers sometimes, they are hecklers. While there are many, many more supportive people, there are many who have do not know the etiquette of money management. Saying someone said "sell the bottom" when they didn't is, in my world, simply like saying the Rangers won the World Series -- what a bunch of losers those Giants were.

Anyway, my point is that I have no patience with those who say the bottom call wasn't made. I know it was. I cribbed from it!

 

 


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Fri, 11/12/2010 - 21:11 | Link to Comment treemagnet
treemagnet's picture

Take this shithead off CNBC and nobody will recognize his name with 72 hrs.  I hope you're reading this you dick....'cause you're 15 minutes are waaaaay up.  Go to the carnival and guess peoples birthdays and weights and shit......its time to shine.

Fri, 11/12/2010 - 21:17 | Link to Comment Calvin Jones an...
Calvin Jones and the 13th Apostle's picture

Better yet, he should dress up in a clown suit and be the one dunked at the dunk tank.

Fri, 11/12/2010 - 22:02 | Link to Comment NrYC
NrYC's picture

He's a killer clown. Worst example may be his propaganda campaign against Dendreon's prostate cancer treatment Provenge for his buddy Milken. 60,000 dead men tell no tales. I'm sure most readers here are familiar with the story but if not; http://www.deepcapture.com/michael-milken-60000-deaths-and-the-story-of-...

Fri, 11/12/2010 - 22:09 | Link to Comment Cistercian
Cistercian's picture

 Deepcapture rocks...and solidly exposes his criminality.I hope pm's crash...I need to buy more.And they will go back up, but who cares?I need a solid wealth protection vehicle...and they work great for that.

  Cramer is evil, PURE EVIL.I know he is fun to bash for his "incompetence" but I suspect he profits from every super misdirection he screws people with.

 Bastard.

 

Fri, 11/12/2010 - 23:06 | Link to Comment Andy Lewis
Andy Lewis's picture

Wait a sec...it's the doorbell.

"No, Jim, I don't need any Halloween candy today."

 

Sat, 11/13/2010 - 00:28 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

I can't believe you guys don't like the upstanding citizen that Jim Cramer is.  Sure he takes pleasure in being a sociopathic suck up, but that doesn't mean he would not take equal pleasure in killing new born puppies with a claw hammer. 

I guess this means Jimbo is not going to be my Myspace friend now....

Sat, 11/13/2010 - 11:50 | Link to Comment Xedus129
Xedus129's picture

who the hell still uses myspace?

Sat, 11/13/2010 - 00:58 | Link to Comment palmereldritch
palmereldritch's picture

Cramer is to market credibility as John Wayne Gacy is to dirt floor basements.

Sun, 11/14/2010 - 05:52 | Link to Comment beanieville
beanieville's picture

Forget Cramer, all bears will eventually win and the Dow collapses to 0, but....

http://abetterwaytotradestocks.blogspot.com/2010/11/cern-large-hadron-collider-is-bad-idea.html

Sat, 11/13/2010 - 17:23 | Link to Comment IEVI
IEVI's picture

NrYC,

Thank you for posting this link.

Sat, 11/13/2010 - 23:28 | Link to Comment Bob Sponge
Bob Sponge's picture

Thanks for the link. I plan to read all 15 parts.

Sat, 11/13/2010 - 12:06 | Link to Comment Batty Koda
Batty Koda's picture

Don't listen to these people Jim, your a great guy. I especially admire your almost Nostrodaen ability to see where financials are heading, my one complaint would be your position on gold, you seem to have let these unpleasant hecklers on ZH convince you to purchase gold, this is a mistake.

So sell all that scrap metal and put those dollars to use in the stock market, maybe invest those savings you built up through all your hard work into the markets too. This way when the gold bubble burts you won't lose all your money and be reduced to whoring your body to filthy old men in order to get a meal.

Fri, 11/12/2010 - 21:30 | Link to Comment 1100-TACTICAL-12
1100-TACTICAL-12's picture

Cramer, is a dipshit.....I ponder how many sheep he has led to the slaughter????

Sat, 11/13/2010 - 08:13 | Link to Comment tunaman4u2
tunaman4u2's picture

The ironic thing is everyone is long gold on this site... thats not Cramers worst call by a long shot

Sat, 11/13/2010 - 13:38 | Link to Comment NotApplicable
NotApplicable's picture

Any evidence of his six year gold claim?

Sat, 11/13/2010 - 15:41 | Link to Comment Treason Season
Treason Season's picture

Reverse PSYCHOlogy to gain street cred.

Sat, 11/13/2010 - 13:27 | Link to Comment israhole
israhole's picture

I agree, but would say more criminal than dipshit.

Fri, 11/12/2010 - 21:42 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Yep. Anyone remember dan dorfman?

Fri, 11/12/2010 - 23:47 | Link to Comment Ted K
Ted K's picture

That is an excellent excellent point.  Dorfman is damn lucky he avoided criminal prosecution.  They are one and the same animal, one and the same animal.

Fri, 11/12/2010 - 22:04 | Link to Comment johngaltfla
johngaltfla's picture

After recovering from my 48 hour fog, I do remember seeing a very clever Tweet from the Honorable Tyler Durden about Cramer's ratings.

I believe the word "crap" is applicable.

Fri, 11/12/2010 - 21:12 | Link to Comment Goldtoothchimp09
Goldtoothchimp09's picture

AMEN  RIP Cramer and Cramerica -- you were entertaining like a clown during the bull market.  Now you are simply dangerous.  You know ... a clown only a masochist would love.

Fri, 11/12/2010 - 21:14 | Link to Comment Goldtoothchimp09
Goldtoothchimp09's picture

That Cramer worked on Wall Street as a hedge fund manager...my God we're so screwed!!!!

Fri, 11/12/2010 - 21:17 | Link to Comment Cojones
Cojones's picture

Could someone please explain what the fuck Cramer's point is? Was he drunk when he wrote this?

Fri, 11/12/2010 - 21:27 | Link to Comment Goldtoothchimp09
Goldtoothchimp09's picture

i think you nailed it.  The lonely bastard clown was drunk twittering! 

Sat, 11/13/2010 - 00:30 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

Like Ke$ha said, "Got my drunk text on, gonna regret it in the morning".

Sat, 11/13/2010 - 07:58 | Link to Comment Horatio Beanblower
Horatio Beanblower's picture

"lonely bastard clown" - now that's what I call an insult.

Fri, 11/12/2010 - 21:15 | Link to Comment RobotTrader
RobotTrader's picture

Poor Cramer was walking around the studio a couple of days ago with one of those gold-plated donkeys.

The type you see in old Bible movies which represent "false idols"......

What an idiot.

Just like the last great call he made, when the SOX hit a low in September this year, he told everyone to SELL....

LOL....

Fri, 11/12/2010 - 21:15 | Link to Comment Calvin Jones an...
Calvin Jones and the 13th Apostle's picture

Jimbo:

You should have known what you signed up for when you got a Twitter account.  If a famous person actually Tweets their own Tweets, they are asking for trouble(above and beyond having a ghost Twitterer).  90% of your "Followers" are going to be people throwing shit on stage from the cheap seats.  And you wear a big honkin' target.  If you don't like it, close your Twitter account.  Otherwise, deal with it.  You shouldn't give a shit what people think about you.  You are worth millions upon millions.  Are the really rich really that thin skinned?  Man up and buy some kevlar.

Fri, 11/12/2010 - 21:20 | Link to Comment PeterSchump
PeterSchump's picture

Wait a second, isn't Cramer the ultimate contrary indicator for at least 3 years steadily reliable?  What gives with the admission?

 

Fri, 11/12/2010 - 21:27 | Link to Comment espirit
espirit's picture

He still is and yet wants some semblance of credibility. Nothing's changed, move along.

Fri, 11/12/2010 - 21:47 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Remember when Cramer and Herb Greenberg were bitching and complaining on set and they tore up their SEC hearing subpoenas  concerning the short selling case , started by Patrick Byrne of Overstock.com?

 

Fri, 11/12/2010 - 22:41 | Link to Comment ToNYC
ToNYC's picture

 

The sweetest thing I remember about the Patrick Byrne episode was seeing the vicious side of Buffett-spoonette Becky Quick

Fri, 11/12/2010 - 23:34 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Yeh she showed another side of herself on that day. I remember it well. She made me sick. I believe she used to work as a producer for Jim Cramer's show before she got the big seat so she was totally one sided and Dr. Byrne knew it too. Quick's silly sycophantic attitude toward old man Buffet makes me sick too.

 

http://www.deepcapture.com/tag/becky-quick-cnbc/

Fri, 11/12/2010 - 22:46 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Here is video where he tore up SEC subpoena. Isn't that like contempt of court or something?

http://www.youtube.com/watch?v=-abHsgMxQ4Y

Not long after this good old Herb left CNBC and went to work for himself but now he is back, go figure.

Fri, 11/12/2010 - 21:23 | Link to Comment Village Idiot
Village Idiot's picture

"Man up and buy some kevlar."

 

Won't help him coming from a rifle.

Fri, 11/12/2010 - 21:40 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Or a Fn 5.7 with AP rounds in it.

Fri, 11/12/2010 - 21:55 | Link to Comment robertocarlos
robertocarlos's picture

A knife goes through kevlar like a hot knife through butter. Plus it's up close and personal.

Sat, 11/13/2010 - 12:31 | Link to Comment Randolph Duke
Randolph Duke's picture

What if they shot me in the head?  That was a risk we were willing to take......

Fri, 11/12/2010 - 21:26 | Link to Comment nmewn
nmewn's picture

I have mixed emotions about the idea of him exiting stage left...he has always been a reliable contrarian indicator...who would take his place in the carnival of the absurd?...Liesman is way too dry.

With Kneale gone who is left?...waiting for Bob Pisani to giggle like a school girl at every market top may be cutting it a little close to get out ;-)

Fri, 11/12/2010 - 21:29 | Link to Comment Goldtoothchimp09
Goldtoothchimp09's picture

Caboosa Cabrera visibly popping a woody next time the DOW is up 150+ points -- will be very revealing to those versed in esoterica.

Fri, 11/12/2010 - 21:32 | Link to Comment nmewn
nmewn's picture

I could have gone all night without the mental image...LOL.

Fri, 11/12/2010 - 22:17 | Link to Comment Goldtoothchimp09
Goldtoothchimp09's picture

I email it from work occasionaly -- to remind it to take its hormones.

Fri, 11/12/2010 - 21:26 | Link to Comment Cactus Rocky
Cactus Rocky's picture

For big investing decisions I either watch Cramer or read my horoscope.

Sat, 11/13/2010 - 03:05 | Link to Comment Dirt Rat
Dirt Rat's picture

I recommend the Ouija board.

Sat, 11/13/2010 - 13:46 | Link to Comment Quonk
Quonk's picture

red, no...black...wait...green.

Sat, 11/13/2010 - 12:59 | Link to Comment Fazzie
Fazzie's picture

 Wow, I thought I was the only one and was planning on selling seminars on my sure fire "4 step stairway to wealth" program.

  Using the inverse of Cramers calls to nail general tops and bottoms confirmed of course by technical horoscope analysis, the ouija board selects the ticker symbols and of course the magic 8 ball decides the allocation (all in or a conservative 50 percent)

  My track record was soundly trouncing Cramers, but its back to the drawing board. Man its hard to come up with a truly original investing thesis. Wouldnt want to be seen as a fraud or anything.

Fri, 11/12/2010 - 21:30 | Link to Comment Arius
Arius's picture

cramer is an old Goldman alumni - same tactic: sale paper lower the price w/ the left hand, while the right hand buys the bullion...cant really blame him - thats business.  he is just a thief or better assisting thiefs...after all thats why he is there in the first place...why do u think he is there???

its a shame but thats what they have done...its a casino now...

 

Fri, 11/12/2010 - 21:53 | Link to Comment unum mountaineer
unum mountaineer's picture

yup, it takes certain type of fool to get up and perform day in and out with no side effects...but on a long enough time line...his usefulness is coming to an end is all. there will be another to take his place..most likely a guy..just sayin'. there are plenty in the itty bitty committee brunette CNBC crew too. but retail knows at this point there is a turd in the pool but just cant see it. there's alot of fallacies to be put to rest before folks start thinking for themselves.

oh yeah, 1+1 = 3 all rightie then!!

Fri, 11/12/2010 - 23:47 | Link to Comment dogbreath
dogbreath's picture

cramer = coke head

Sat, 11/13/2010 - 02:17 | Link to Comment Citxmech
Citxmech's picture

I seriously think he's bipolar.

Fri, 11/12/2010 - 21:30 | Link to Comment nmewn
Sat, 11/13/2010 - 01:39 | Link to Comment RockyRacoon
RockyRacoon's picture

...and especially:

Videos for cramer on daily show
Sat, 11/13/2010 - 09:51 | Link to Comment nmewn
nmewn's picture

LOL...yeah I remember that.

I also remember an interview he did (could never find it again...internet scrubbing?) where he was on the street in front of a bank somewhere in NYC saying how he had talked to "my people" and they said everything was fine in the sector.

I always thought that was a curious term he uses..."my people"...overlooked by nearly everyone when he say's it.

Fri, 11/12/2010 - 21:32 | Link to Comment Cdad
Cdad's picture

When you are public, like I am, you put yourself out there all the time. There is so much to criticize that I have done --

 

Exactly.  Just wish he would stop putting himself out there all the time...especially when he does so on my positions.

 

A word Jim Cramer...Retire.

Fri, 11/12/2010 - 21:34 | Link to Comment Goldtoothchimp09
Goldtoothchimp09's picture

is it possible to retire from being a desperately lonely shill clown at the old fucktard ranch?!

Fri, 11/12/2010 - 21:40 | Link to Comment Cdad
Cdad's picture

Yes, it is possible.  However, it would be hard for a guy who has developed such an ass kissing personality. 

He is useless at best...and harmful at his worst.  His ratings suck anyway...so why doesn't he just hang it up already?

 

Fri, 11/12/2010 - 21:45 | Link to Comment Goldtoothchimp09
Goldtoothchimp09's picture

Like Favre -- he's addicted to attention.

Fri, 11/12/2010 - 22:20 | Link to Comment I think I need ...
I think I need to buy a gun's picture

We have a BINGO

Fri, 11/12/2010 - 23:12 | Link to Comment High Plains Drifter
High Plains Drifter's picture

There was a rumor going around at one time that he was hooking up with gold digger Burnett. 

Fri, 11/12/2010 - 21:32 | Link to Comment doolittlegeorge
doolittlegeorge's picture

Are you tellin' me there's a "ZH TV Channel comin'!!!"  SSIIIIIIGGNNNNN MMEEEE UPP!

Fri, 11/12/2010 - 21:38 | Link to Comment TooBearish
TooBearish's picture

Cramer found steadier paychecks shilling on CNBS for the sell side crowd rather than in the 2-20 game - his show is a retail scamathon - sellin the snake oil.  He too will be shunned by the masses as more and more E trade margin accounts get blown out and closed daily. 

He knows exactly what he's doing and like any good wall streeter lacks any moral fortitude when he should be warning Dumtail to try and hold on to as many Benron Bucks that they can and stop tryin to time "the market"...

All these trading gurus on Fast and Mad should be required, by law, (what a concept) to report their daily P&L and historical track record along with the unintelligable bullshit they spew.

Fri, 11/12/2010 - 21:42 | Link to Comment Cdad
Cdad's picture

All these trading gurus on Fast and Mad should be required, by law, (what a concept) to report their daily P&L and historical track record along with the unintelligable bullshit they spew.

I could not agree more....

Fri, 11/12/2010 - 21:47 | Link to Comment VegasBD
VegasBD's picture

This. Is. Classic.

What did Kneale call zero hedge? zero clue or something like that? Maybe Cramer can think of something a little more clever and you can change your logo again for a day. Ah great moments in ZH history. Hopefully I read a book about all this some day.

Fri, 11/12/2010 - 21:56 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Beaker said that ZH was  "digital dickweed"

 

 

Fri, 11/12/2010 - 21:52 | Link to Comment moofph
moofph's picture

"there are many who have do not know the etiquette of money management"

...damn...this guy is a fraud and two halves...cramer and cnbc and the whole crew do not know what etiquette is...sub-human creatures at best.

Fri, 11/12/2010 - 21:55 | Link to Comment High Plains Drifter
High Plains Drifter's picture

http://video.yahoo.com/watch/979424/3764301

Cramer flip flops on housing.

Fri, 11/12/2010 - 21:55 | Link to Comment Buttcathead
Buttcathead's picture

Amazing... people are still listening to that clown.  

Fri, 11/12/2010 - 21:58 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Cramer says that subprime is no big deal and won't matter...

http://www.youtube.com/watch?v=BVl9SQ-KVmE

Fri, 11/12/2010 - 22:23 | Link to Comment I think I need ...
I think I need to buy a gun's picture

i remember those days when everyone would mock peter schiff.....

Fri, 11/12/2010 - 21:59 | Link to Comment Silverhog
Silverhog's picture

Thank God for this website. Cramer is a rabid skunk darting in front of cement trucks. 

Fri, 11/12/2010 - 22:03 | Link to Comment Aristarchan
Aristarchan's picture

The Sexy Stupidity of CNBC

Ok….I will admit it up-front: I do watch CNBC. Why I watch CNBC, I am not sure. Its surely isn’t for the cutting-edge economic analysis, nor the dynamic program content or the even temper of the pundits. I guess the sad, awful truth is it has more to do with tits and asses than anything else. Of course, the loss of Liz Claman to Fox Business certainly did not help in that respect, but there are still ample reasons to keep the channel firmly locked on CNBC, with the volume necessarily muted.
If there is one person (other than Jim Cramer and Larry Kudlow) whose opinion I value less than all others, it is Michelle Caruso Cabrera. Politically she is an absolute fucking idiot. She is so biased to the political right, and so sure of the supreme wisdom of unfettered capitalism, that she reminds me of one of those Picasso paintings of a man with one eye on one side of his head….blind to all except the narrow angle of vision of that one eye. But, as long as the volume is muted, then it is kind of perversely enjoyable to watch her flash her fake tits through those tight sweaters. The only problem with this scenario is that even with her scorching voice muted…you can watch her face and sink into a grinding rage because you know exactly what she is saying: When she sticks her tits into Robert Reich’s liberal face and those lipstick-slashed lips start hammering away like a top fuel hemi….you just know she is calling him a fuckwit for ever doubting the conservative, capitalistic wisdom of Enron and Glenn Beck. Or, conversely, she is admonishing him for believing that Social Security is kind of a nice thing for old, poor people to have.
And, there is B-cup Burnett. Ok, she kinda fall’s short in the pulchritude department, and her nose is more Cyrano De Berjerac’s than Mona Lisa’s, but she does at least try to maintain a more muted capitalist rabidity than does MCC (Michael Pinto notwithstanding). She has a decent ass, of sorts, is not knock-kneed like MCC, and as long as you look at her face in frontal view instead of profile, as a Money Honey she stacks up reasonably high on the erecto-meter.
The newest bank skank to debut on CNBC is the undoubtedly sexy Amanda Drury. This Aussie import is a welcomed addition to the existing lineup of credit cunts. I really have no idea what her ideology is, nor do I care….but she does have a fine arts degree, so probably finds Larry Kudlow to be a barely tolerable ass….even when he is coked up. Despite all her charms, there is one problem with her…..her teeth look vaguely crocodilian, but is made up for because unlike MCC, who acts like a carnivore, she just looks like one.
I guess at some point I have to mention some of the male lineup here: Jim Cramer, well…he doesn’t have tits, and although he is an ass, he doesn’t seem to have much of one. If one had to pick somebody in the world NOT to take investment advice from, JC would top the list. This guy changes his opinion like Maria Bartiromo changes her hair styles. He is all over the map. One day, King Kong Amyl Nitrates is a BUY BUY BUY…..and the very next day the KKAN CEO is up one the Wall of Shame and their future outlook wallowing in the House of Pain. He is also a shameless bastard in that he uses ever opportunity to tout himself……not being able to form a paragraph without it being wrapped around his “Charitable Trust” or the fact that he was once a Hedge Fund manager – albeit a crooked one. Well, anybody these days who is proud of being a Hedge Fund manager is either a damn fool, or is totally insane….both being highly descriptive of our boy Cramer.
No treatise on televised finance would be complete without mention of the poster boy of coke-head economists: Larry Kudlow. Larry is of course a confirmed free marketeer, and a rabid Republican….and proud of both. Never mind that Larry is almost always wrong – that is to be expected from any economic prognosticator who is stupid enough to broadcast his opinions on national TV, what bothers me about him is the tone of his show: argumentative, confrontational and full of sage, dumb-fuck advise. Another thing unfortunate about Larry is when he gets his motor boat going on some Keynesian crap he works himself up into such a lather he starts sounding like an 80 year old woman who has just discovered speed. But, I love Larry. He failed upward so successfully that it should give everyone hope that if he can do it, so can the most despicable loser in Christendom.
Dennis Kneale. I only mention this wonky bed-wetter because CNBC finally smartened up enough to fire his miserable ass.
Most of the other male pundits on CNBC are duller than stale dishwater. Mark Haines has a reasonable sense of humor, and does manage to carry on some reasonably interesting banter with B-cup Burnett, even if it is about tomatoes. The only thing I can pass on about David Faber is that the CNBC producers need to provide him with either elevator heels or a lift stool. Simon Hobbs seems to be some sort of off-handed Euro-trash addition, mainly for his accent, since there seems to be no other apparent reason for hiring him.
I don’t wake up early enough anymore to listen to Joe Kernan, which subconsciously is probably why I sleep late anyway. Bob Pisani is pretty vanilla in a tiresome kind of way. No matter what is happening in the market, Pisani always seems to have a seemingly well thought out answer….if shares in Tampex is down and stock in Gorilla Dildos is up, Bob can be counted on to lay out some complex divergence scenario at play in the underlying linked fundamentals. It’s all bullshit of course, but it sounds good to the idiot producers and probably sends what few fools who are still trading in the market running to their computers to calculate the PE ratios of both companies. Rick Santelli….the Great Santelli, the father of the Tea Party Crowd. The Rickster is probably my favorite hairy-legged type on financial TV. He always seems to be surrounded by drama – standing in the pit in Chicago with a bunch of bond-trading thugs. And, he always manages to piss Steve Liesman off….and anyone who can send Liesman chasing around after his own tail in impotent rage, is my kind of guy. An odd thing about Rick, although he may be the most financial savvy pundit on CNBC, he seems in a curious way to have backed away from the whole Tea Party thing. Maybe it is just me, but he seems oddly embarrassed about the whole thing…..and I can almost sense his palpable derision at some of the crap his CNBC colleagues come up with.
Ok, enough of that shit…back to the LIBOR whores. Sue Herrera is the lynchpin of CNBC in that she has been there the longest. For obvious reasons, Sue will never flash her tits or wiggle her ass for the benefit of the viewers. For one, she probably considers it beneath her, and second….well, she is fatter than a market hog. She is not bad looking in the face for an oldster, and probably is passable in a closing time/beer goggle sense. As far as I am concerned, she is more of a volume ON type.
Bertha Coombs seems pretty bright, and she is kind of sexy in a mature, Cuban kind of way. She does however, seem like a pretty tough broad: somebody who would slit you throat, then kick you in the nuts as you lay dying for bleeding on her shoes. Sharon Epperson is kind of cute, and she seems vulnerable standing there in the trading pit of the New York Mercantile Exchange. We rarely get any body shots on her, so it is hard to tell how hot she really is.
I can’t really put my finger on Melissa Lee. She is Asian, which should be a plus, but she is SO Asian it seems to have a boomerang effect. Her body seems to have all the required parts, but they seem to be put together by a weird kind of genetics that has more in common with Leggos than female biology.
Trish Regan, Becky Quick and, Julia Boorstin I lump together as all certainly being fuckable…but not near as sexy or as intriguing as Diana Olick….plus, Olick knows what the fuck she is talking about. Suzie Orman is like all other personal financial advisers in that she has the same dim-witted advice, but from a sex standpoint, forget it. No matter how they shade her makeup, comb her hair or try to jam her fat ass in Barbie clothes, she is a non-starter. She couldn’t get humped on a bad night in Juarez.
Melissa Francis cannot get out of the shadow of her own loud mouth. She sounds like a bullfruit with bad adenoids, or a Larry Kudlow with balls. But, I guess she might be decent in bed, if you could shut her up. Wait a minute…did I just say that? No, that ball-busting bitch would critique you on everything from the shape of the bones in your knees to your politics. Fuck that.
And, we are finally here….the original Money Honey herself. Maria Bartiromo. Nobody seems to really know how old she, but she never seems to age beyond 40. Her classic Italian beauty has not really changed much in the last 20 years…oh yeah, her ass has ballooned out some, and her thighs probably look like mutant beer brats, but covered up and coiffured she is still one of the hottest. Of course, she certainly takes advantage of the people she covers, well, mainly their private airplanes, and if you stripped the words “new money” and “environment” from her vocabulary she would barely be eloquent enough to call the hogs. But, she remains an institution in herself – and one ultimately not to be fucked with: If you want to get into that, ask Dylan Ratigan.
I do not have one slim dime invested in the stock market. I do not own a single bond or covet any commodity. Yet, I watch CNBC. And, Ok….I shamefully admit that I do not always keep the volume down…only when Kudlow or MCC comes on. It is, after all, difficult to track which set of tits might be front-and-center without the voice cues. If CNBC would fire Kudlow and Francis (who refuses to dress sexy), and maybe keep Melissa Lee - who knows, I might get horny for Cubism at some point, and yes, unfortunately…keep MCC….but gag her and dress her up in a halter top, and only air above-waist shots….And oh yeah, Hire Liz Claman back from Fox, she is wasted over there, they dress her up like a fucking school-marm. And just for my sake, do some reversion back to the old days…..cleavage, tight sweaters, and that pouty-lip look like she is fixing to suck the wide-angle lens off the snout of an IMAX camera. That just might make the nut.
Yes, CNBC is stupid, biased and the center of their universe revolves around a subject most people find boring and frankly criminal. But, it is no worse than most sitcoms and reality shows. And even the totally beastly Michelle Caruso Cabrera, with her cock-sure bias and black, Republican heart, has tits that most prime-time actresses would pay for, like well…she did.

Fri, 11/12/2010 - 22:04 | Link to Comment Aristarchan
Aristarchan's picture

Just thought I would throw this in for those fortune enough to have missed it.

Fri, 11/12/2010 - 23:05 | Link to Comment Aristarchan
Aristarchan's picture

All these little "junks"...hee hee..guess somebody is intimidated. But seriously, up the quantity, and put me out of my misery.

Fri, 11/12/2010 - 23:48 | Link to Comment Problem Is
Problem Is's picture

Nothing like a hilarious ad hominem attack on the chronically corrupt and stupid...

Fri, 11/12/2010 - 23:58 | Link to Comment Aristarchan
Aristarchan's picture

Ad hominem...wasn't that some ancestor of ours that was from East Africa and was about 4-feet tall? No, my mistake, that was ad hominem du quoque.

Sat, 11/13/2010 - 10:42 | Link to Comment Problem Is
Problem Is's picture

Ad hominem... Ancient knuckle dragging ancestor like Kudlow and Clown before the coke and meth binges...

Fri, 11/12/2010 - 22:51 | Link to Comment ToNYC
ToNYC's picture

 

A masterpiece of thinking with the little head. Well Done. I feel like I'm back in college thinking conquest, before I found out that the lock eats your key, though it seemed like a joyride.

Fri, 11/12/2010 - 22:59 | Link to Comment Aristarchan
Aristarchan's picture

I do my best thinking that way. I am too old to worry about locks and keys anymore.

Fri, 11/12/2010 - 23:08 | Link to Comment Mitchman
Mitchman's picture

This is great stuff bit as your friend, may I suggest that you get out a bit more often? :-)

Cheers,

Fri, 11/12/2010 - 23:18 | Link to Comment Aristarchan
Aristarchan's picture

Well, that took only a few hours of time to do. I work 12 hours a day 7 days per week sitting in front of a computer and a TV....so I build up a lot of angst from time-to-time. But, that is okay, I used to actually do physical labor, so sitting on my ass and getting paid is a good thing.

Fri, 11/12/2010 - 23:30 | Link to Comment PolishHammer
PolishHammer's picture

and her thighs probably look like mutant beer brats

 

well played sir

Fri, 11/12/2010 - 23:36 | Link to Comment Aristarchan
Aristarchan's picture

Thanks, Hammer.

Fri, 11/12/2010 - 23:31 | Link to Comment Real Estate Geek
Real Estate Geek's picture

A very enjoyable diversion; thank you.

Fri, 11/12/2010 - 23:35 | Link to Comment Aristarchan
Aristarchan's picture

Welcome, my friend, but be careful with that real estate:)

Fri, 11/12/2010 - 23:41 | Link to Comment Blano
Blano's picture

I certainly hope you feel better after writing this.

This post should be archived somewhere.  Great Friday night reading.  Thanks.

Fri, 11/12/2010 - 23:44 | Link to Comment Aristarchan
Aristarchan's picture

My pleasure, Blano. I do feel better. Now I can turn the volume down for awhile.

Sat, 11/13/2010 - 00:00 | Link to Comment Ich bin ein whatever
Ich bin ein whatever's picture

Cramer is a douche.  I'm surprised they still let him influence the hearts and minds of the unsuspecting public.

Cramerica, indeed.

Sat, 11/13/2010 - 00:13 | Link to Comment Aristarchan
Aristarchan's picture

Hey there citizen....Cramericanistas are the folks who signed up for toxic mortgages from people like Coutrywide...they are the salt of the earth...the great unwashed masses who worship at the temple of the sweaty underarms of his cheap shirts. They are the "us" that cheap foreigners see when they see Americans. Remember, his garbage is broadcast abroad. Oh....my....God.

Sat, 11/13/2010 - 01:44 | Link to Comment dehdhed
dehdhed's picture

the junks probably came from everyone mentioned in the post.

way too funny  +100

Sat, 11/13/2010 - 04:11 | Link to Comment nscholten
nscholten's picture

Could that be more funny??? I think not.

Sat, 11/13/2010 - 05:22 | Link to Comment usexpat
usexpat's picture

Extremely amusing...and right on target. I work from home and am self-employed so, sadly, CNBC keeps me company during the day...Just go easy on Sue Herrera. She is, as you say, volume On, one of the few people on there who seems to know what she is talking about..and is getting lost in the cacophony CNBC has become. I don't know her but wish they put her on more, not less. 

Sat, 11/13/2010 - 09:34 | Link to Comment bugs_
bugs_'s picture

Michelle IS hot isn't she?

Sat, 11/13/2010 - 16:47 | Link to Comment Goldtoothchimp09
Goldtoothchimp09's picture

IT -- Please refer to Michelle as "IT"

Sun, 11/14/2010 - 00:23 | Link to Comment ElvisDog
ElvisDog's picture

Umm, thanks for your "manifesto". Reminds me of the flyers I would be handed from the Spartacist Youth League during my days at Berkeley.

Fri, 11/12/2010 - 22:08 | Link to Comment lolmaster
lolmaster's picture

he may be scum but he's still pretty entertaining unlike most scums

Fri, 11/12/2010 - 22:13 | Link to Comment Mercury
Mercury's picture

As I've said before around here, I used to have a lot of respect for Cramer, especially when he was actually running money and TheStreet.com (back in the primordial soup days of the internet) was a one-of-a-kind, inside baseball hot spot for market talk.

He's clearly a smart guy and he walked away from an obviously successful and lucrative hedge fund career for...whatever the hell he thinks he's doing now.

Speaking of which: I lost my temper on Twitter this morning...

Right.

How's that attention whore/ego theatre thing working out for you?  What are you 13?

What a disgrace.

Fri, 11/12/2010 - 22:14 | Link to Comment Aristarchan
Aristarchan's picture

He walked away from the hedge fun thing at the request of the SEC.

Fri, 11/12/2010 - 22:40 | Link to Comment High Plains Drifter
High Plains Drifter's picture

One of Jim Cramer's traders wrote a book about his days working at Jim Cramer's hedge fund.....

Trading With The Enemy: Seduction and Betrayal on Jim Cramer’s Wall Street (Harper Business), by Nicholas M. Maier about Cramer, a hedge fund manager of the 1990s and the founder of the controversial investment Web site, TheStreet.com.

He had to take out some of the real juicy stuff under threat of lawsuit. Cramer was and still is one piece of work. He was a crook and bent the rules to try and grab the brass ring.

http://www.financialadvisormagazine.com/component/content/article/511.ht...

And of course, we all remember this one where Jimbo told how he used to operate at his hedgefund

http://www.youtube.com/watch?v=HRa0B34jMOQ

Fri, 11/12/2010 - 23:21 | Link to Comment Aristarchan
Aristarchan's picture

Spot on, Clint.

Sat, 11/13/2010 - 10:03 | Link to Comment SamuelMaverick
SamuelMaverick's picture

Cramer was/is just a lowlife inside information pump and dump chump. His only skill was getting media contacts to promote whatever stock he wanted to rape and pillage. 

Sat, 11/13/2010 - 09:50 | Link to Comment Thunder Dome
Thunder Dome's picture

CRAMER IS A WHORE!!! He loves to tout Chesapeake Energy but fails to tell his listeners that the company is massively short NG futures between 2015-2020 in the $7-9 range.  Additionally, he conveniently leaves out the fact that much of the recent profits of CHK have been from its trading book.  Oh, and the Marcellus Shale?  It's fucking up the water table in Pennsylvania.

 

Disclosure:  Long Encana ECA

Sat, 11/13/2010 - 14:47 | Link to Comment ToNYC
ToNYC's picture

 

When XOM and CHX and the rest of the Seven Sisters buy up all the shale reserves after sufficient crude price decline squeezes, the frack issues will be expertly PR-resolved.

Fri, 11/12/2010 - 22:13 | Link to Comment Aristarchan
Aristarchan's picture

But, to give CNBC their credit, they did have Mandy running loose today where you could see her bod...even though it was conservatively "Fox" dressd.

Fri, 11/12/2010 - 22:19 | Link to Comment Atomizer
Atomizer's picture

Fuck off Jim. Just wait for your INTERNET site to get shut down.

The fraud is crawling up your ass, you can feel it.

Don't practice any longer-- we just know. Wait until a HFT programmer releases the back door key on the INTERNET. Winks.

Hackers' Manifesto

http://www.youtube.com/watch?v=IvS5bzyLH-c


Briton Holds Key To ‘Rebooting The Internet’

http://www.eweekeurope.co.uk/news/briton-holds-key-to-rebooting-the-internet-8670

Jim, high level folks see the circus act. Do you?

 

Fri, 11/12/2010 - 22:26 | Link to Comment notadouche
notadouche's picture

Of course I suppose if you don't like him you could always turn the channel.  I'm just sayin.   I was wondering what happened to the nerd Dennis Kneale.  Before he turned positive on Ben he did have the balls to tell the FED they "New Nothing" which no one else that I saw on TV say.   I guess Maria B. is worth listening to, NOT!  Anyone buying and selling based on recommendations they see on TV deserves to lose their ass.  Don't blame Cramer or any other douche.  When it comes to money trust no one.  Do your own work and take ownership.  Of course I'm a devout follower of Doug Casey, Bud Conrad and Mark Faber so what do I know?

Fri, 11/12/2010 - 22:36 | Link to Comment Aristarchan
Aristarchan's picture

Kneale is on Fox Business now, along with Gasparino.

Fri, 11/12/2010 - 22:38 | Link to Comment Aristarchan
Aristarchan's picture

Be like me and do not invest in anything...then you can make all the crude comments you want without worry.

Fri, 11/12/2010 - 22:44 | Link to Comment notadouche
notadouche's picture

Life would be easier.  You should be on TV!

Fri, 11/12/2010 - 22:46 | Link to Comment Aristarchan
Aristarchan's picture

Oh no...then I would get all full of myself and think I was qualified to give other people investment advice...no, I think I will just stay a loser who criticizes everyone just for the hell of it.

Fri, 11/12/2010 - 22:52 | Link to Comment notadouche
notadouche's picture

Sounds like a good plan to me.  I may join you in that endeavour.

Fri, 11/12/2010 - 22:57 | Link to Comment Aristarchan
Aristarchan's picture

Cool....but be warned, the pay is lousy.

Fri, 11/12/2010 - 22:59 | Link to Comment notadouche
notadouche's picture

Sounds like a good plan to me.  I may join you in that endeavour.

Fri, 11/12/2010 - 22:32 | Link to Comment Quinvarius
Quinvarius's picture

He is right on gold.  Today was a mass exodus out of America, to include the dollar, and our fucked up commodity exchanges with their new capital controls.  Down 40 today.  Big deal.  Stay off margin.  Gold is going much higher.

Fri, 11/12/2010 - 22:32 | Link to Comment I think I need ...
I think I need to buy a gun's picture

most of cramers advice pre crisis was after 75% of the move was in....it would go a little more before the stock collapsed.

 

He shouldn't be on TV giving advice he should be in jail with the rest of his Goldman Sachs alum on CNBC. All of them are now writing books because the end is nigh.

Cramer missed all the obvious moves and left novices to get crushed. You don't fuck with peoples money. Hes a fuckin joke and I can't believe he first admits last week his retirement is in 100% gold and now hes been bullish on gold for 6 years. When i used to watch him years ago I don't remember him ever touting gold. I can't stand the man I haven't watched him in years I will intentionally turn it if I'm watching CNBC at the time.  CNBC is a very useful tool I have it on while working you may pick one thing up all day when someone slips by accident on something they weren't supposed to say

Fri, 11/12/2010 - 22:40 | Link to Comment Aristarchan
Aristarchan's picture

The problem is...they are all idiots...so even a slip is probably gonna be a dumb one.

Fri, 11/12/2010 - 22:47 | Link to Comment e_goldstein
e_goldstein's picture

i notice he hasn't been advertising on ZH lately... i wonder why ;-)

Fri, 11/12/2010 - 22:55 | Link to Comment High Plains Drifter
High Plains Drifter's picture

And how can we forget this amazing flip flop in one week's time after the market took a 500 point nose dive. Cramer said who me???? I told you not to get into those stocks that I told you to buy a week ago silly wabbit......Ha ha ha

http://www.dailymotion.com/video/x5v1an_jim-cramer-the-flip-flop-that-ou...

Fri, 11/12/2010 - 23:11 | Link to Comment Mitchman
Mitchman's picture

You know that old saying about those who can do, those who can't teach and those who can't teach work for the New York Public School System?  If this guy was any good, why would he be on television?

Fri, 11/12/2010 - 23:19 | Link to Comment Aristarchan
Aristarchan's picture

Well, his resume was rejected by the NYPSS.

Fri, 11/12/2010 - 23:30 | Link to Comment Problem Is
Problem Is's picture

Cramer didn't contribute big $$$ to Bloomberg's campaign like the last 2 "CEO of Schools."

Fri, 11/12/2010 - 23:27 | Link to Comment Problem Is
Problem Is's picture

"we applaud his collapse to the level of one Dennis Kneale..."

You mean Cramer the Clown gets the Dennis "Dickweed" Kneal of the Week Award?

Clown: "Twitter is not the format to debate this stuff..."

But Clown will do it anyway because Clown wants to be that "Dickweed"...

Fri, 11/12/2010 - 23:27 | Link to Comment QEsucks
QEsucks's picture

@Aristarchan, you're the hopeless cunt, sir. Regards.

Fri, 11/12/2010 - 23:30 | Link to Comment Aristarchan
Aristarchan's picture

Thanks for the compliment, bro.

Fri, 11/12/2010 - 23:28 | Link to Comment jm
jm's picture

Twitter on, butt plug.  I'll keep LMAO. 

Fri, 11/12/2010 - 23:37 | Link to Comment Winston Smith 2009
Winston Smith 2009's picture

The key to making money with Cramer - short everything he recommends.

Fri, 11/12/2010 - 23:41 | Link to Comment Aristarchan
Aristarchan's picture

If I was to invest, that would indeed be my basic plan.

Fri, 11/12/2010 - 23:46 | Link to Comment Aristarchan
Aristarchan's picture

But wait....does that not make Cramer an oracle of sorts...in a kind of fucked-up way?

Fri, 11/12/2010 - 23:51 | Link to Comment Problem Is
Problem Is's picture

No. Cramer decided years ago to stop evolving at sweaty methed out sleep deprived use mortgage salesman...

Fri, 11/12/2010 - 23:42 | Link to Comment gwar5
gwar5's picture

What's Leonard the monkey got to say about this? 

Did he tweet Cramer back?

Sat, 11/13/2010 - 00:00 | Link to Comment chindit13
chindit13's picture

Sometimes money is not enough.  Sometimes an ego needs more than cash, especially when piles of cash did not bring the psychic reward one expected, nor did it add any inches to a five foot five frame.

Every celebrity, save for a very few, has a shelf life and an expiration date.  None who had their fifteen minutes wants to give up the stage.  Look at some of the roles taken by Dustin Hoffman and Robert De Niro as of late.  Not ever having had a similar stage, most can only guess what the loss of it feels like, nor what acts it prompts.  Maybe we can summon pity if not understanding.

Not that a bald, sweaty, screaming sideshow barker ever had any dignity to begin with, but getting apoplectic because of 140 characters broadcast over a faddish misuse of bandwidth championed primarily by teenagers takes away whatever dignity the man might have had remaining.

At times I think Dylan Thomas got it all wrong and it might actually be better to go gentle into that good night.

Sat, 11/13/2010 - 00:07 | Link to Comment Aristarchan
Aristarchan's picture

You are right....I shorted Dylan, and I go down gentle every night.

Sat, 11/13/2010 - 00:11 | Link to Comment Unlawful Justice
Unlawful Justice's picture

Cramer called the housing bottom back in June.......................................... 2009

 

Sat, 11/13/2010 - 00:23 | Link to Comment Aristarchan
Aristarchan's picture

So, there you go everyone....quite picking on our boy Cramer. This fucking guy used to run a hedge fund....a HEDGE FUND! Do you get that? he was a fucking master of this fucking universe! He also has a charitable trust....so the guy must have his heart in the right place. Ok, maybe he misses a call by a few fucking light-years from time-to-time, well, so does Tiny Tim and Heli Ben...and these fucking guys are smart....hell the work for the damned government! Give Jim a break, this guy works for CNBC - and CNBC IS business. I really don't want to hear anymore shit about this guy.....in my book, he is a fucking God. If you don't think so well, then you suck.

Sat, 11/13/2010 - 00:46 | Link to Comment Aristarchan
Aristarchan's picture

Holy shit...even though I was trashing the guy...I feel really bad about writing this. I think my sarcasm gave him TOO much credit. So much for sleep tonight. Oh well, guess I will have to dream about caressing Maria's thighs...which will remind me of barbecuing...and so on and so forth. Why am I not in an igloo with Sarah Palin, waxing some MILF ass and talking Republican politics?

Sat, 11/13/2010 - 00:14 | Link to Comment QEsucks
QEsucks's picture

Eloquent,sir @ Chindit13.

Sat, 11/13/2010 - 00:15 | Link to Comment notadouche
notadouche's picture

I have to admit I made a quick 30% in NG buying around 10 when he recommended it about a week or so ago.  Of course I first bought NG when it was around 4 when Faber touted it.   

Sat, 11/13/2010 - 00:19 | Link to Comment notadouche
notadouche's picture

To be fair he also bought GLD around 70 way back but then sold out at 78.  I bought at 70 and was stupid and sold at 104 never to buy back.  

Sat, 11/13/2010 - 00:54 | Link to Comment Milton Waddams
Milton Waddams's picture

There is a reason why "See And Be Seen" and other financial infotainment networks do not display the net-result of the stock picks of their frequent guests - and make no mistake, it is a rotation of the same people - and their in-house commentators. Instead they display how long someone has been in the business and, if applicable, their educational pedigree.

The reason being: no one would ever dare to be on the program if held to account. These aren't brilliant financial minds, they are want-to-be teevee celebrities and public relations pawns.

Sat, 11/13/2010 - 01:09 | Link to Comment Aristarchan
Aristarchan's picture

Look, lets put this Cramer thing to rest.....he is a damned TV fool who does not know his ass from his little childish prop machines that he uses to make his invalid points. Yes, a lot of people follow his advise. But, to get a reading on these folks, look at the mortgage mess. Why do you think Cramer is the only investment prognosticator that CNBC airs a disclaimer on? well, for obvious reasons...they also consider him a fool. Look...if CNBC considers me a fool...I would commit suicide. Cramer is the class clown...and he is only about two notches below the rest of the fools they hire. Look at the idiots that are now on Fox....Gasparino and Kneale.....CNBC is fostering a diaspora of non-talent that will destroy their competitors. Fox Business - outside of Claman's tits - is a joke, but CNBC is seeding them with the pipe bombs of their own destruction. Lets be honest here...if you took the T&A away from CNBC and Fox, would anybody with a fucking brain watch this shit? No. If the people they bring on as "experts" are there to offer advise, then they are only trying to push us unwashed to do what they say, so it drives their position into a profit zone. These people - if you are an investor - are not your friends.

Sat, 11/13/2010 - 01:22 | Link to Comment notadouche
notadouche's picture

Exactly.  Besides if they were so dead on right with all of their predictions, they wouldn't be getting paid to give them, they would be taking their risk, buying options and stocks and making a much more than what they get by being a huckster.

Sat, 11/13/2010 - 08:55 | Link to Comment Clapham Junction
Clapham Junction's picture

I also agree with your points, however he represents to me a disease that I thought would have been "cured" after March of 2009.

We will continue to discuss him as long as his mouth in on the air.

Sat, 11/13/2010 - 01:34 | Link to Comment walcott
walcott's picture

who takes that clown seriously anyway?

Sat, 11/13/2010 - 01:52 | Link to Comment RockyRacoon
RockyRacoon's picture

This discussion is like one of Kudlow's octobox cacophonies.

Lots of fun and a snippet of wisdom shines through often enough to keep reading.

Thanks folks!

Sat, 11/13/2010 - 02:13 | Link to Comment detournement
detournement's picture


I'm Jim Cramer and I approve this message:

“You got to control the market. You can’t let it lift,” Cramer explained on video. “When you get a Research in Motion, it’s really important to use a lot of your firepower to knock that down, because it’s the fulcrum of the market today.”

“You can’t foment,” Cramer said. “That’s a violation. You can’t create yourself an impression that a stock is down. But you do it anyway because the SEC doesn’t understand it. That’s the only sense that I would say that it is illegal. But a hedge fund that is not up a lot really has to do a lot now to save itself.”

“This is actually blatantly illegal,” he noted, “but when you have six days and your company may be in doubt because you are down, I think it is really important to foment. If I were one of these guys, foment an impression that Research In Motion isn’t any good, because Research In Motion is the key today.”

“It might cost me $15 to $20 million to knock RIM down, but it would be fabulous because it would beleaguer all the moron longs [investing in RIM’s success].” After creating a loss by fomenting a false outlook with bad news, manipulators can then take advantage of their own downswing in share price and profit.

“It’s important to get people talking about it as if something is wrong with RIM. Then you would call the [Wall Street] Journal and talk the bozo reporter on Research in Motion and you would feed that Palm has got a killer it is going to give. These are the things that you must do on a day like today. And if you are not doing it, maybe you shouldn’t be in the game.”

Sat, 11/13/2010 - 02:17 | Link to Comment twittering as s...
twittering as stocktradr's picture

do real traders know who kramer is and/or care?

who watches cnbc anyway.

amateurs. losers. suckers.

you have a right to lose money.

please do not abuse that right.

learn to trade a complete trading plan to continuously make more money than one loses.

twittering as stocktradr

Sat, 11/13/2010 - 08:50 | Link to Comment Clapham Junction
Clapham Junction's picture

Not bad, good point.  I get pissed because this used to be a pretty good country. Cramer and Boo-Yah represent to me how far we've sunk.

Yeah, I do care about the boobs that listen to Cramer, although I shouldn't.

 

Sat, 11/13/2010 - 03:14 | Link to Comment GreeceMonkey
GreeceMonkey's picture

Aristarchan..wake up in time to watch Kernan..wait..before you do put

a towel over your keyboard before you start puking.

Kernan's Xmas gift to MCC....crush proof gold-plated Dildo.

Sat, 11/13/2010 - 14:54 | Link to Comment ToNYC
ToNYC's picture

Better that the gold be at least triple-plated for the hazardous environment over there in Englewood Cliffs.

Sat, 11/13/2010 - 08:58 | Link to Comment Clapham Junction
Clapham Junction's picture

Guys, I'll say it for the 1,000,000th time.  Until this clown is removed, and his idiotic quasi-comedy show that fxxxs real Americans is taken off the air, there is no reason to regard the stock market as anything but a night in Vegas.

When he IS removed, presumably in the midst of some epiphany at CNBC that it really WANTS to be a serious business channel, that may be the contrarian signal of a healing in the economy and market.

The man is not funny, I don't care how much money he makes (to be SUCH a ass on TV must take a lot, but for him who knows?) on that show, but he should go back to NJ and live out his days OFF THE FXXXXXG AIR.

Thank you.  I've decided I use the word "fuck" too many times, so I've edited it out.

Oh shit, I left one in by mistake.  Have a good weekend.

Sat, 11/13/2010 - 09:41 | Link to Comment Thunder Dome
Thunder Dome's picture

BOOYAHH!

Do NOT follow this link or you will be banned from the site!