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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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.

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.

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;

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.



Andy Lewis's picture

Wait a's the doorbell.

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


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....

Xedus129's picture

who the hell still uses myspace?

palmereldritch's picture

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

IEVI's picture


Thank you for posting this link.

Bob Sponge's picture

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

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.

1100-TACTICAL-12's picture

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

tunaman4u2's picture

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

NotApplicable's picture

Any evidence of his six year gold claim?

Treason Season's picture

Reverse PSYCHOlogy to gain street cred.

israhole's picture

I agree, but would say more criminal than dipshit.

Id fight Gandhi's picture

Yep. Anyone remember dan dorfman?

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.

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.

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.

Goldtoothchimp09's picture

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

Cojones's picture

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

Goldtoothchimp09's picture

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

Fish Gone Bad's picture

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

Horatio Beanblower's picture

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

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....


Calvin Jones and the 13th Apostle's picture


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.

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?


espirit's picture

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

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


ToNYC's picture


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

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.

High Plains Drifter's picture

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

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

Village Idiot's picture

"Man up and buy some kevlar."


Won't help him coming from a rifle.

High Plains Drifter's picture

Or a Fn 5.7 with AP rounds in it.

robertocarlos's picture

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

Randolph Duke's picture

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

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 ;-)

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.

nmewn's picture

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

Goldtoothchimp09's picture

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

Cactus Rocky's picture

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

Dirt Rat's picture

I recommend the Ouija board.

Quonk's picture


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.

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...


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!!

Citxmech's picture

I seriously think he's bipolar.