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Cramer is no different than 99% of "analysts", "stock-pickers", mainstream financial mags, and cie.
The newbie who watches CNBC follows Cramer's advice once, loses everything, and then stops watching his bullshit. But as there is nearly the same number of people who watch CNBC for the first time than people who quit watching CNBC after being ruined, the illusion is maintained.
They all do the same. They look at stocks that have gained and say "buy". They look at stocks that have fallen and say "sell". They do not predict, they merely tell the story.
Top-ticking is difficult and trend following is rather safe. But analysts should point out the fundamental factors and tell whether the current trend is a bubble or not rather than assume every trend is a reflexion of the fundamentals
Yes, and i should have been Mrs. JFK. Jr.
Sell side analysts, like cramer, have an agenda:to get paid. In order to do that, they pretend to talk fundamentals but in fact merely chase momo, and NEVER EVER identify a bubble until after it has popped.
There are no bonus points for originality unless one is Steve Eisman.
CNBC is full of hot babes. That's the only reason watching CNBC. By and by, occasionally, CNBC does invite some clever guys like Jim Chanos.
For those that follow Cramer's advice, buy his books, etc. deserve to get their ass handed to them. But at least when the market really crashes they will have plenty of extra toilet paper.
Evidently the 'smart money' that bought in early '09 sold into Cramers buy.
He's kind of a contrary indicator like that. :D
He said buy CAT a month ago....... it's been stuck under its all time high since then. He made a case for diversification into China's construction market (mother of all property bubbles).
They always make up some story to justify why it will keep going up. That's how the price chaser's mind works.
I'm with Cramer....$7 Billion in tax losses gotta be worth something to somebody.
I'll buy 100K at 20c.
Better not. To actually get the benefit of the NOL carryforward, you have to maintain the same line of business for a few years. Good money after bad.
picked up 10K at .39....
'Animal spirits', lol all these people are loonies.
Cramer will claim he warned and say he was right on Ambac...Booya
Cramer, helping the retail get raped since 2005
Was there any timing considerations on the decision of AMBAC to miss the interest payments right before the election. Let's send some fear into the marketplace and get America out to the polls on Tuesday to "vote the bums out". It's comical really. Just a coincidence, I suppose, that AMBAC has been floundering around for 2 years, completely insolvent, and 1 day before the midterms, talk of bankruptcy surfaces again. If I had guess, I bet they make the payment within 30days. Right after the election and the FED's decision.
Cramer's call to buy/chase Sketchers/SKX at $40 in August was a killer. It now trades at $19.
**Recent Press Release**
Both Cramer's Show and the network are to be renamed - "Had Money on CNBS"
So Lymore sez: "Put your hand in the flame!"
And the normal result happens.
So when Lymore sez again: "Put your hand in the flame!"
Whose fault exactly is putting YOUR hand in the flame either time?
And what was that definition?
Doing the same thing repeatedly expecting a different outcome....
Ambac has said that the Companies that wrote Credit Default Swaps on their Company have more to lose than helping them pay their Debt. I wonder who the Companies are that wrote those Credit Default Swaps? They would be in Big Trouble if the Companie goes belly up. Plus, it will be a huge impact on anyone that holds Municipal Bonds. This in my opinion is to get someone to come in with Capital. A veiled Threat so to speak.
I do not think that they can let the Company fail.
Worth more alive than dead to important players.
Yeah if this thing dies, we get to find out just how WMD the CDS market really is. I get the feeling that Ambac is going to get bought out. Nothing that has any significant CDS exposure is too small to fail.
Ambac said that they had enough liquidity thru Q3 of 2011.
Note in their 3 options, that one of them is to pay the amount due. Also, note that if forced into Bankruptcy, even a Pre Packaged Bankruptcy all of the NOL will be lost. A lot of their value is in the Loss Carryforward.
This in my opinion is to force those who wrote the Credit Default Swaps to come forward and help them with their Debt. A veiled Threat so to speak.
Jim Cramer is a domestic terrorist.
All the mortgage insurers are bankrupt. Some are just better at hiding the weenie.
but he owned it in "his charitable trust"
does ANYONE know of a single donation that his charitable trust made to a charity ???
Large amounts of Ambac CDS in Maiden Lane.
Looks like $50B in Ambac
Detail of their 2nd Q balance sheet, they have yet to release 3Q. So far about 14 billion has been thrown at this sucker and it still looked extremely ugly in 2Q.
Securitized private asset insurance of 120 billion, ~31 billion net par exposure.
Securitized public finance, ~45 billion net par exposure.
Kind of blows a hole in the argument that CDS has a very low net impact.
In other news, Apple is trying to castrate itself. http://www.eweek.com/c/a/Mobile-and-Wireless/Apple-Sues-Motorola-Over-Multitouch-in-Android-Phones-404214/
They have gone mad with suing, and now are starting to attack those that could kill the iPhone overnight. Motorola has the largest amount of cell tech patents, and Nokia is not far behind.
Jeez, it's like playing Roulette, waiting for the ball to land in a given slot, and then putting money on a losing square.
Nobody calls them all right.However, those that have been riding Cramers coattails for the last year and a half have done excedingly well, can't argue with that !
Looks like Cramer was stuck dryhumping one too many Van Nuys hookers.
Dry Hump is the politest thing you could say about Cramer the Clown...
Numb Nutz CramerReminds me of somebody's meth-ed out, sweaty, semi-bald, frizzed hair, gambling addicted Uncle who always shows up to "borrow" a couple of $100's....
Your friends ask: "What's up with that dude?"You answer: "Uncle Gambling Ho, bitchez..."
BTW: The chick is my friend "Chesty" Chelsea laughing at Uncle Numb Nutz...
In true Cramer fashion, one of his current faves is CMG--which is of course at an all time high and priced for perfection only by its PEG. He fails to mention the effect that rising input costs will have on that earnings growth...Can it become even more overvalued? Of course, but its just so typical of him to recommend a stock like this, he is one of the greatest contrarian indicators out there.
BUY BUY BUY BEAR STEARNS!!
Cramer is nothing more than a vaudeville act. Don't take him seriously just enjoy the show...boooya!
Cramer is a fucktard. End of Story.
Sure. That's what we need. Another clown for this three-ring circus.
It's accepted gospel that Cramer is a clown; is further confirmation needed?
cramer is the same asswipe who called the end of the real estate crisis for june 30, 2009.....i can't believe he was wrong...
Coked up lying sack of sh$!t!
Cramer needs to get back into trading instead of having a show.
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