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You can count on Jimmy to pump the junk his buddies are selling.
C'mon guys he admitted he was wrong last night on BBY? Well, then he broke his arm patting himself on the back that he was right just a couple of days off. :) Let's see if he does the same with C.
To be fair, he has on occasion been correct. Less correct than a dart throwing baboon, perhaps, but he's not always wrong.
Let's see....
The broken clock is right twice a day
Even the blind cat sometimes catches the mouse
I know there are many more but Cramer deserves as little thought as possible.
Actually, the saying is a stopped clock is right twice a day. A broken clock, in theory, may never be correct.
Monkies also throwing darts at boards have also been known to be correct once in awhile.
If I were a monkey, I'd be deeply offended. Monkeys are far more eloquent and less hyperactive.
actually, I think he is always wrong
That'd be a godsend, then I could just fade him to riches. Unfortunately his masters won't make it that easy for me.
So will it still triple in 3 years if it doesn't exist?
Let me guess, Goldman was a lead underwriter on C
This is great work for Cramer, coming in the same week he Hulk Hogan drop kicked his viewers into buying Best Buy ahead of earnings.
As we all know, buying stocks ahead of a 50/50 binary event is always awesome investing!
Boo-yah!
C'mon. Someone had to say it. :)
He IS having a bad month.
Perhaps the comcastic stress is workings its magic.
I find him objectionable on every level
OT:
Financial Times (ft.com)
'Demand for Fed credit rises, breaking trend'
http://blogs.ft.com/money-supply/2009/12/17/demand-for-fed-credit-rises-breaking-trend/
Print faster, Ben
Only an insane person would listen or follow this idiot and he really is an idiot!
What a gig...who could believe such a moron?
Losses only happen if you sell.
I can't wait to hear JC advocate "averaging in to reduce your basis."
In defense of JC (who is, afterall, just an entertainer), rage and anger should be directed at the Treasury, Federal Reserve, Congress, Regulatory Agencies, and the Administration for allowing C to continue operating and spreading their viral load of loss and disappointment to more and more people.
Cool, so if I wait long enough I can sell WaMu for a profit! Nice!
I can't stand Cramer but he says pretty clearly that if you buy Citi "tonight or tomorrow or anytime other than on the offering you're an idiot" (paraphrase but I think pretty close). The secondary was at $3.15, the last time I looked the stock was at $3.19, not down 14%.
LOL I was just going to mention the same thing.
Lazy blog, lazy editor, and tons of spin. Not surprised, considering the countless errors, incorrect facts and incomplete knowledge on this site.
The sad fact is I've lost customers to this idiot. People left my management and moved their money into a self directed E-trade or Vanguard account so they can trade "Crammer." Occasionally I'll get calls from their wives begging me to take their husbands back. But the husband don't want to come back because they're too embarrassed.
Amazing.
CD... I just could not pass this up after reading your above post. Ready? In this particular case (unless their wives told them to do it)... "Stupid is as stupid does." Or, in the wives case, "stupid does, as stupid is TOLD what to do." Funny. Just trying to add some levity buddy. Take care our friend.
LOL
Actually I've been waiting for one of the "lost to Crammer" clients to actually ask to come back under my wing so I could say no. From my point of view, trust works both ways. They need to trust their advisor and I need to be able to trust them. If they left me once, I would be a fool to welcome them back, only to have them bolt a second time chasing the next bright light.
In my experience, they slink off to another advisor and then tell that advisor some bullshit story about me. I've had clients come to me and do the same thing about the last advisor. In those cases, I always insist on seeing the past year of statements so I can see what's been going on and where they were.
If they aren't willing to show them to me, I don't want them as clients. If they do, I see they have crashed and burned self directing their own trades and I have a heart to heart conversation with them about trust and patience.
CD, how do you make it through to door with that swollen head of yours ???. I trust that you put your clients into mutual funds that kick you back the best fees and gifts, then their accounts follow the market ups and downs while you extract your cut. Cramer may not be the answer but your advice of "patience" makes clients poor. Buy and hold patience has fucked investors out of 10 years of gains... Whether Cramer or an advisor like your self. None of you k ow what tomorrow will bring. Youvare both monkeys with darts.
Nikki. See the payoffs everywhere I look. Who do you trust when everyones a crook. Revolution calling.
Anon, you have no idea what I do or the advice I give. I'm a contrarian by nature and disposition and my clients are UP over the past 1 year, 3 years, 5 years, 10 years etc. I don't buy and hold just because the neighbors or TV pundits say to do so. When the market turns down, I sell and then sell short. When it turns back up, I buy. I don't follow the herd and yet, some how, I make money for my cleints. Imagine that.
After over 20 years in the business, I pick and chose who I do business with. I've had enough with clients who think they know what they're doing and see me as the person to blame when their trades or ideas go wrong. I don't need that abuse.
I'll take the blame for my own track record, I will not shoulder the blame for theirs just because I hold the money. If someone wants to follow Crammer, I will not hold the money or make the trades. I also will not day trade (or week trade) for my clients, which is what I meant when I said "patience". You want to be a trader, hook up with Ameritrade and trade away.
When the market turns down, I sell and then sell short. When it turns back up, I buy.
Wow, I never knew that it was that easy. Sounds like a heck of a system. So if you buy when the market turns back up, does that mean you've been long since March or April while you've been posting here that the sky is falling?
What I think will be the eventual outcome of the world's economic system and what investment positions I take short to medium term for my clients are two different and independent discussions.
To let your emotions dictate your investment decisions is total folly. And I won't bite at your red herring. It has been clear to me for months that you have no interest in furthering the discussion here on ZH. Rather, you wish to act as an agent provocateur. Good luck with that.
How do you further the discussion at ZH, by becoming one of the Dittoheads who is critical when the preferred targets lie and distort but OK with it if Tyler or one of the regulars does it? You want me to further the discussion by becoming one of the ZH Sheeple.
If you were that good and knew how to make money, you would be sucessfully investing your own funds instead of seeking clients and their fees. Most financial advisors I know have no clue what is going on in the market. According to them, it's always a great time to buy because markets always go up over time. The only thing these people know how to do is how to plug in assets into a spreadsheet (and they do not know how the calculations work) and spit out the answer. They charge fees for what can be done for free on most of the brokerage sides.
In my opinion most average people will do equally well by investing money in the index funds, including the advisor fees. Since the advisors aren't guaranteeing results, just the fees on funds brought in, why spend money on something that can be done for free with a little time investment. And for estate planning, the best thing to do is to find a good estate lawyer.
Well, it appears that without knowing me or what I do, you have determined exactly what I am capable of. Congratulations on your finely tuned sixth sense. And exactly how many of the 700,000 financial advisers in the USA do you know? 10? 100? 1000? So you're basing your knowledge of me upon your limited knowledge of others in my profession? Seems fair.
God Bless America, where any fool is entitled to their opinion.
When the wives call, ask them to send their photo.
Or ask what they're wearing.
This is from the puff piece Business Week did on Cramer, in 2005. They couldn't find anyone who had actually made money listening to Jimbo, so they had to go with this testimonial:
"BUT CRAMER'S FANS have his back. Damon Plonczynski, 27, a New York City cop, says he started watching CNBC five months ago, when he resolved to learn how to invest. "The first thing I turned on was Jim Cramer," he says, "and it just drew me into stocks. He's a motivator for you to do your own homework." Plonczynski regrets that he didn't act on Cramer's homeland security and natural gas stock recommendations. "I'm kicking myself," he says."
Best of all, GOOG is going to $750!
I went all in...
/:
i hate to say it, but he says, "i want u to buy in on this secondary". If you did that, you'd have made a nickel. i think he should stfu too, but, this isn't the clip to prove that with.
I hear people say that anyone who listens to Cramer deserves what they get, but, you have remember, not everyone is a Zero Hedge stock market junkie, like most of us, here.
There are people out there with jobs unrelated to investing: teachers, electricians, UPS drivers, etc. who want to put their little bit of savings to work. So, they look to the financial industry for help.
That the leading financial network in the country would put this lowlife piece of garbage on, during dinner time, so he can unload insider shorted stocks on a largely unsuspecting public is an absolute disgrace.
to top it off, he is still pumping it after the fact, LOL
http://www.cnbc.com/id/34464921/
What do you figure the over/under is on watching this jerk... I made it 17 seconds.
thank you. I didnt look at the time but it was close to that and I couldn't take it. I just wondered who could possibly watch this thru and who has what leverage to make him keep doing this foolish act. There has to be pictures of him with farm anaimals or somthing
We have a word for people like him - Pillock
And the people who trade on his advice - sheep and god wants them sheared
I didn't listen to the entire video, because I just can't stomach it, but didn't he recommend buying on the offering at $3.15? C closed at $3.22 today, so you would have a paper profit on this reco...
I love when he plays all humble after a fumble!
Then he gets right back to his usual self !
He was long into the crash, and he sold the bottom
Where is Cramer gonna hide when everything blows up? All those J6P Cramericans will highly irrate at their stock guru.
He has no where to hide. I saw the bald bearded bastard (not to be confused with Bernanke) at a supermarket and I was amazed at how many people approached him. Since he wasn't signing autographs, I figured those people were asking for their money back.
This is all going to end badly, especially for Jimmy. I see him hanging from a telephone pole, upside down, somewhere on Long Island.....
This will not end well for anyone, especially for Jimmy. I see him hanging upside down from a telephone pole somewhere on Long Island...
So if you bought at 3.15 and the stock is up when does the 14% loss come in?
Am I alone in finding this distasteful
http://www.cnbc.com/id/34419445
I can't, my brain refuses to.
'A sucker born every nano-second'.
I am astounded that there is still enough marks left to gamble with this charlatan and that he still has a national TV show. If we can't send him to prison, he ought to at least be schilling penny stocks through blanket email campaigns like the rest of the hucksters.
And Cramer is not in jail due to the below video... why?
www.youtube.com/watch?v=gMShFx5rThI
Good question.
Superb regulatory agency work?(Total capture)
Based on the information on this board and many of you same commentors, I could be down nearly that same percentage on Gold over not all that much more of a timeframe...
Does that make everyone a monkey throwing at a dart board?
'C' is an option that doesn't expire. That's all. Anyone that bets everything on an single stock is the real idiot.
So, there is absolutely nothing wrong with making a small bet on 'C' - just don't blame your losses on Cramer.
Tyler - The blame game is for losers.
personally, I got in to C today after doing some homework.
4.4$ is very well possible, and if their loss is less then 15 cents, it will have a lot of upside.
If they make a operation profit of 5 cents or more, it could double.
about 12 is a bit to much, and making bets on what will happen in 2 years is a bit dangerous for me.
But the offering worked out,
everybody is now against C,
Panick is in the house
= and this is why I bought today :)
Cramer is clearly a criminal. Sometimes I wonder if he did not make deal with the DOJ for:
1. rat out a bunch of names that are not closely connected to the bank syndicate.
2. go on "The Daily Show" and let Jon Stewart work your sad punk ass over while you back pedal and apologize throughout the interview.
He got off light. He should be burlap bagged with stones into the Hudson.
Buying C when it's being diluted out the wazoo. They haven't got enough of a bailout from fleecing the taxpayers this clown is trying to fleece mom and pop too. Insane.
agree with all the bad press for JC but just to level things a little... this blog was advocating since feb/march that "next week" liquidity will disappear and market is going to collapse. Donot believe me? Go look old entries, even the ones that were still under blogspot.com. Looking over last couple of years - very few people made right calls so please stop the bashing. That he is an idiot we know. His investing calls - not worse than yours.
His book should be called Getting Back to Even... When You're up a Lot.
-Ryan
look..the man is an entertainer, yeah, but only in the U.S. such a sorry ass is given prime time.
He has an horrible timing...although this particular call is not under, yet...
It is distasteful and i am surprised he has any audience at all...but , maybe, i should not be surprised. That is the Good Ole U.S. of A.
Dennis Kneale, James Cramer & Steve Liesman. All as annoying as Maria's voice.
Cocaine is a hell of a drug.
Then why's he still chubby?
I think that's a Rick James quote.
my new favorite post!
we need a video of him recomending best buy too!
lol at him saying citi is cleaning up its bad loans. they just announced today no foreclosures for a month and they got over 1 trillion off balance sheet!!! anyone going to his book signing?
Just take a look at my charts about XLF and GS. This babys are gonna bust big time, and cramer will make a 2 hits 2 blows, since i think CITI is going down big time soon.
http://midasfinancialmarkets.blogspot.com/2009/12/financeiras-xlf-e-gold...
Just check my charts of XLF and GS. Something is in the air, and since cramer is telling to buy C, i think C soon will go down.
http://midasfinancialmarkets.blogspot.com/2009/12/financeiras-xlf-e-gold...
an epic call-- just like "Dick's Sporting Goods"
I can't believe he is still on the air. I guess entertainment outweighs his wisdom
What entertainment does he provide exactly? If people are entertained by random noises, they can just pick up a children's audio learner at Toys'R'Us -- 'a cow goes MOOOO!'
No shit. Spending time with the kids before everything goes boom is actually worthwhile - the more attention you pay to them, the more you realize they are smarter than you!
He does roll up his sleeves. Apparently, that's very entertaining.
has the CEO of comcsast seen this video yet?
Absolute pig. Someone will cut this guys guts out before this bear market is done. I'm kind of tempted to buy C myself, but this market is marking time to turn over. The next leg down will have this one selling at ZERO.
His recommendation of CIT above $1.00 would have lost you 100% ... much better example.
I read his call on C and immediately thought "what a bandit!"...
Then two days later all these corporate (and government) events happen and we confirm what we already knew, Cramer is either clueless or has his own hidden agenda.
"The video you are trying to access is unfortunately unavailable at the moment.
A message has been sent to our customer care team so that we may fix the problem.
We apologize for any inconvenience.
Error Code VID : 504"
tube anyone ?
If a stock goes down buy more. And if it keeps going down, then buy more. Eventually, one of the lots that you buy will go up. Of course he was "right" about buying it.
Then, on his show (which I haven't watched in about 3 years because drilling my head sounds more appealing) he will say I told you about averaging down. So, you're down 50% on most of your investment and up 5% on a small portion.
I have a Short-Jim-Cramer portfolio, and am up 14% over the past 3 days... What are you talking about?
I LOVE YOU GUYS...ZH MAKES MY DAY...
My father is a 78 year old psychiatrist with over 45 years experience. If I showed him this clip, he would simply tell me that "this man's doctor needs to increase the dosage". Scary how he is able to peddle this crap on TV.
I need some medication after having watched that clip. Perhaps your pops can be kind enough to write me a prescription. I think the type that is smoked would work best.
Would you guys please cut the man a break, he got wrapped around the wrong teleprompter...he was supposed to be promoting WFC.
ROFL
Cramer, 'everything's good at a price'
If he'll pay for shipping, I'll sell a turd for a penny.
After today's performance, I think I'd rather have the turd.
Wouldn't he need to pay for shipping _and_ handling?
I tried playing the 'cramer bounce' once. If cramer recommends a lower volume stock it has a tendency to rise then have a rather rapid fall... unfortunately I lost a good chunk of money on invisalign after he pumped it with the ceo and then it collapsed the next day(without a bounce). That was the last day I was in the stock market...think it was the end of 2007 or beginning of 2008. My fault though, i knew he was full of shit, and I tried to play the angle off of his idiot audience. If you have to look for the sucker, then your it.
A long time ago my broker ask me, X, why don't you buy stock in any of the the financials? Answer: I don't know how they make their money?
Recent update to my earlier position: Turns out I was right, I didn't know how they make their money, and no one does!
All hyperbole aside, I put my 90 year old mother in CITI stock months ago. Why? I like the leadership. She banks with them. They treat her well. She has had bad experiences with BofA, and Wells. At the end of the day we need banks which serve retail customers, and CITI does that, around the world. The analysts like Gasparino, have been unfairly biased against CITI. Does anyone believe their brokerage business was going to be a money maker going ahead. It was smart to sell that off. I see a consistent pattern of good business decisions, the MBS problem hit them hard because they had more consumer loans outstanding, while Goldman was shorting MBS. I am keeping a bottle of bubbley for the day CITI stock goes higher than Goldman.
You will be pushing up daisies before Shitibank trades higher than Goldman.
Cramer is an ass clown
"The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of the darkness. For he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers. And you will know I am the Lord when I lay my vengeance upon you."
STOP THE PLUTOCRACY NOW!!!!!!!!! http://www.plutocracyslayer.com/
Cramer is an ass clown
"The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of the darkness. For he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers. And you will know I am the Lord when I lay my vengeance upon you."
STOP THE PLUTOCRACY NOW!!!!!!!!!
http://www.plutocracyslayer.com/
the title should be how to make 14% in 3 days. just do whatever jim cramer is doing in the opposite direction.
This man is the poster boy for the mass man's head about finance, stocks and investing. He is a mess. This is why we are spinning down the drain!! The rant has not a shred rationality. To invest, you must know yourself and know the markets. If you don't have it, you will have ashes around your head and no one to blame.
Cramer is a fucking ONE-WAY STREET SIGN equity-pumping monkey.
He SUCKS BRANCH WATER!
By the way, was he drunk or high during this video? He sounded worse than his usual idiotic shit-hole self.
I don't like him ... BUT ... he said buy the offering ... so 3.15 ... so he is up ... not down ... :)