This page has been archived and commenting is disabled.

A Brief History Of Jim Cramer's Opinions On "Pillar Of Strength" Best Buy

Tyler Durden's picture





 

You really can't make this shit up. From the funniest person on financial comedy TV (whose most memorable TV appearance will always be roaring that Bear Stearns is fine days before its collapse), here is his "opinion" on Best Sell Buy, entirely in his own words.

November 20: Jim Cramer opines on Best Buy:

Pillars of Strength in Retail

 

The homework doesn't dovetail with the shares. That's how I felt about the way Best Buy (BBY), Home Depot (HD) and Dick's (DKS) traded in the wake of the earnings calls -- because all three were basically in all-systems-go mode for suppliers.

 

Regarding Best Buy, it looks as if the tablet is the standout. I know that Apple (AAPL) has become a hated equity, but I keep hearing good things, so I can't join the nitpicker mob. You did get a nice Chrome call-out for Google (GOOG), but that's just icing on the Google lovers' cake.

 

All three chain stores -- Home Depot, Dick's and Best Buy -- are pictures of strength, not weakness. All three stocks should be bought, not sold, on share weakness, despite whatever the "action" says about how well the companies performed. They have performed superbly against both their fields and against retail in general.

Then the next day, November 21, just in case the message was lost:

Best Buy Co. Inc. Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on November 15, 2013. The news about tablets also bodes well for Best Buy, a company that has turned around its ailing retail position to once again become one of the stronger names selling technological products to consumers. Cramer said that retail stocks were especially well-positioned at the moment, and he did not neglect to mention Best Buy near the top of his list of retail all-stars.

Fast forward to today, following a 30% collapse in the stock price in one day. From TheStreet:

It really makes you wonder what went wrong when you see a company down 30% in a single trading session, TheStreet's Jim Cramer said of Best Buy.

 

The co-portfolio manager of the Action Alerts PLUS portfolio said most analysts had been bullish on the stock, all the way into the upper $30s.

Uhm, just the analysts?

Those expectations were way off, Cramer said. The company reported sales fell 0.8% for the nine weeks ended Jan. 4, while analysts had expected growth and no real degradation in gross margins.

 

Cramer advised investors who want to buy the stock to wait until Friday because these types of violent moves tend to pan out over a two-day period.

So buy, buy, buy Best Buy at $40, but wait at $26? Gotcha.

And the piece de resistance comes from CNBC this morning:

Cramer said the electronics retailer needs a "big reset," and that analysts erred in thinking the company could compete with online shopping outlets. He said the holidays were an "Amazon quarter."

...

 

A steady stream of positive analyst notes before the busy holiday season helped set up Best Buy for its huge 30 percent drop Thursday, CNBC's Jim Cramer said.

 

"Each day one came out and then another came out," Cramer said Thursday on "Squawk on the Street." "If they had all come out at once, the stock wouldn't have been pumped to where it was. It was a serial rollout of positives."

Wait a minute. It was precisely the "steady stream of positive analyst notes" that Cramer used to pitch as the buying catalyst in Best Buy just back on November 19 and as the reason why people should not sell the stock!!!

The people who are selling [Best Buy] don't realize the power of the reiteration of [analyst] recommendations we are going to get in the next few days.

 

But... but... less than two months later it was this very reason that Cramer used as an excuse why the company sold off! It really isn't... it doesn't... it can't... it makes no...

Aghhhh #Ref!

Summarizing it all below:

 

And now we eagerly await the sequel: "Get Poor Instantly"

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 01/16/2014 - 18:39 | Link to Comment lizzy36
lizzy36's picture

Get poor QUICKLY

Thu, 01/16/2014 - 18:47 | Link to Comment The Gooch
The Gooch's picture

<----------It would be great to knock that motherfucker out.

<----------It would be great to knock that motherfucker out.

Thu, 01/16/2014 - 18:53 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

Tyler...Tyler...Tyler....the noisy ads here are bogus.......

Thu, 01/16/2014 - 18:58 | Link to Comment Yardfarmer
Yardfarmer's picture

get adblocker (ABP) for god's sake!

Thu, 01/16/2014 - 19:08 | Link to Comment krispkritter
krispkritter's picture

And a proxy and a Google anal-ytics killer...

Thu, 01/16/2014 - 19:19 | Link to Comment Fredo Corleone
Fredo Corleone's picture

Is Cramer's latest, unusable tome, "Get Rich Carefully," on the remainder rack at Sam's Club of yet ?

Thu, 01/16/2014 - 19:32 | Link to Comment kaiserhoff
kaiserhoff's picture

Cramer is a rare individual.

There aren't many of us who would look better wearing a pullover penis mask.

On the other hand, would he really look that different?

Thu, 01/16/2014 - 20:00 | Link to Comment nope-1004
nope-1004's picture

Pisani is no different.  That channel is a media outlet for the lies of the current economy.  Fully 90%+ of all who are in business are in small business, which that channel doesn't relate to, and it's those people that don't give a shit about Buffet, Weins, Grimaldi, Cuban, etc....

As the US economy sinks into fascist serfdom in an attempt to keep the thing from imploding by ever increasing central planning, that channel will follow suit.

 

Thu, 01/16/2014 - 23:24 | Link to Comment Cdad
Cdad's picture

As J. Cramer tries to wiggle out of the Best Buy catastrophe, he is doing the very same thing on the computer peripheral companies right now.  Just last night, he told folks to buy WDC.  WDC has been upgraded six times in the last seven trading days.

Just saying.

Fri, 01/17/2014 - 00:23 | Link to Comment StychoKiller
StychoKiller's picture

Curiously, I bought two WDC 1TB hard disks ($70 each!) from Best Buy on Jan-13-2014.

I'm doing my part to keep the economy going, where is everyone else?

Fri, 01/17/2014 - 18:32 | Link to Comment Keyser
Keyser's picture

Cramer is my favorite clown. All he needs is the big red nose and clown shoes. 

Fri, 01/17/2014 - 00:51 | Link to Comment TheRideNeverEnds
TheRideNeverEnds's picture

As someone who has been trading WDC from the short side since it hit 65, it is trading like 100 is a given....   Been going up like 1-3% every.single.fucking.day it feels like.  I hope that stock gaps down limit on earning this week and doesn't have an uptick till 2016.

 

That said I am sure they will announce on the call that despite poor sales they plan in the next quarter to have solved world hunger, cured cancer and discovered the meaning of life so it will be up another 30% because why the fuck not, just buy everything, buy it on margin, fuck selling into strength and taking profits, don't want to miss the next 100% of upside; the ride never ends... 

Thu, 01/16/2014 - 20:24 | Link to Comment Freddie
Freddie's picture

I don not favor book burning but Cramer's shit would be a good place to start.  Maybe wait til in hits the dollar store because it might help people keep warm in winter.

Thu, 01/16/2014 - 21:53 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Wait to buy Cramer's book until the dollar store bundles it with Greenspan's book and is selling them per cord.

Thu, 01/16/2014 - 19:10 | Link to Comment Richard Chesler
Richard Chesler's picture

Another Obozo class charlatan.

Thu, 01/16/2014 - 19:43 | Link to Comment The Shootist
The Shootist's picture

I heard he was step brothers with James Clapper.

Thu, 01/16/2014 - 19:27 | Link to Comment TruthInSunshine
TruthInSunshine's picture

The best way to use Cramer the Clown's advice to make a small fortune is to start trading on his recommendations using a ginormous fortune (i.e. 147x whatever you wish to be left with at the end of the day based on his 'Winners of The New World' strategy).

Does anyone know if the former Team Cramer star "trader" Lenny "Nails" Dykstra is out of prison yet?

Thu, 01/16/2014 - 19:40 | Link to Comment DollarMenu
DollarMenu's picture

Thanks Yardfarmer, you made me do it.

I was so tired of that Allstate guy playing Big Brother everywhere I go, I just went under your goad to install it.

He's gone!

Thu, 01/16/2014 - 23:16 | Link to Comment TeMpTeK
TeMpTeK's picture

"get adblocker (ABP) for god's sake!"


Vote up

And if everybody gets ad blocker Zerohedge goes to paid subscriptions....Ads are what make the internet go around.. nobody will provide quality content if they cant make money from you viewing it...

 

Fri, 01/17/2014 - 00:26 | Link to Comment StychoKiller
StychoKiller's picture

Just HOW would the advertiser "know" if you're using adblocker or not?

Fri, 01/17/2014 - 02:42 | Link to Comment Jadr
Jadr's picture

It isn't the same zerohedge owners anyway.  If it were the original crew I wouldn't mind, but then again I don't think they would have ever have had self running video ads which are pretty much the most annoying form of internet advertisement.

Thu, 01/16/2014 - 19:00 | Link to Comment Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Cramer has his cake on the way to the bank, and he eats his cake when he gets there.  Every single time.  None better at it than him.

Thu, 01/16/2014 - 19:32 | Link to Comment brombones
brombones's picture

I'm a representative of Noizy Ads©, and I see that you're interested in one of our products. What is your ideal billing address?

Thu, 01/16/2014 - 19:37 | Link to Comment The Gooch
The Gooch's picture

33 Liberty

NY NY

Thu, 01/16/2014 - 23:33 | Link to Comment MontgomeryScott
MontgomeryScott's picture

250 Greenwich Street

New York City, NY

http://wtc7.net/

 

Thu, 01/16/2014 - 22:14 | Link to Comment Wait What
Wait What's picture

MDB, start here if you're not one who spends his time searching titles like "Dogorama" or some such untoward topic.

https://www.ghostery.com/

otherwise you'll have to learn abt proxies and offshore data havens to cover your tracks.

then again, by the looks of things we're all going to have to learn that stuff sooner or later, might as well learn it now.

Thu, 01/16/2014 - 19:02 | Link to Comment Occident Mortal
Occident Mortal's picture

The guys is clearly off his tits every day.

The real moron is the guy who keeps paying him.

Hell, if I got paid what he does for doing what he does I wouldn't give a shit what any of you think either. He's not the fucking mug here.

He's killing it. A talentless coke addict who makes millions from talking and shouting shit every day? He died and went to heaven.

Thu, 01/16/2014 - 19:40 | Link to Comment The Gooch
The Gooch's picture

He's blaring through the doors of a million Hampton Suites© and Mariott Gardens© guest rooms, lobbies and bars right now.

 

Thu, 01/16/2014 - 20:04 | Link to Comment Blano
Blano's picture

Clearly he stays at a Holiday Inn Express every night.

Thu, 01/16/2014 - 20:19 | Link to Comment The Gooch
The Gooch's picture

Those fuckers don't have a bar.

Thu, 01/16/2014 - 20:26 | Link to Comment Freddie
Freddie's picture

The real morons are the idiots who watch Obama TV.  Are you one?

LOL!  ZH has banner ads for White Castle burgers.  ZH must  think I am in ***king NJ or something.  Fooget about it!

 

Thu, 01/16/2014 - 18:51 | Link to Comment SilverIsKing
SilverIsKing's picture

At this point, I highly doubt there's anyone with a brokerage account dumb enough to follow him.

Thu, 01/16/2014 - 19:25 | Link to Comment TruthInSunshine
TruthInSunshine's picture

There are only approximately 15,000 viewers of cnBSc daily, anyways - mostly bluehairs & the retarded.

Thu, 01/16/2014 - 19:33 | Link to Comment Richard III
Richard III's picture

I am told that CNBC is the default channel on the television in the Rec Room at Rikers.

Thu, 01/16/2014 - 19:56 | Link to Comment teolawki
teolawki's picture

I'm pretty sure that would fall under the cruel and unusual treatment clause.

Thu, 01/16/2014 - 22:06 | Link to Comment Osmium
Osmium's picture

Nice Avatar.  Just hoping that is Bernanke on the receiving end. 

Thu, 01/16/2014 - 20:03 | Link to Comment redux2redux
redux2redux's picture

That's cruel and unusual punishment!

Thu, 01/16/2014 - 20:26 | Link to Comment rosiescenario
rosiescenario's picture

No, but he is being used by the CIA to break prisoners at Gitmo, none of whom can understand what he is saying, but are driven crazy by the volume, facials, and sponsors ads....in a recent white paper, the operatives report Cramer works 10X faster than a deep water boarding treatment.....and it is politically correct.

Thu, 01/16/2014 - 18:52 | Link to Comment czardas
czardas's picture

Jim Cramer qualifies for Mystery Science Theater 3000 (economics version).  He is so bad he's good.   Or as could be said about Bernanke, do exactly opposite of what they say and you're safe.

Fri, 01/17/2014 - 01:40 | Link to Comment 401K of Dooom
401K of Dooom's picture

In that case, I want Tom Servo and Crow T. Robot to be giving me investment advice.  Better yet, let HAL 9000 handle my investments in da market!

Thu, 01/16/2014 - 19:18 | Link to Comment Nothing but the...
Nothing but the truth.'s picture

I reckon Jim Carey has better investment advice.

Thu, 01/16/2014 - 21:49 | Link to Comment jerry_theking_lawler
jerry_theking_lawler's picture

I can't stand to even watch this guy.....my note to Jim, we all know you have sold your soul to the devil so.....Fuck you, you fucking piece of shit.

Thu, 01/16/2014 - 21:50 | Link to Comment jerry_theking_lawler
jerry_theking_lawler's picture

Deep down I suspected it....but just looked it up. The mother fucking Cramer is a JEW.....his secret to success.

Thu, 01/16/2014 - 18:40 | Link to Comment LoneStarHog
LoneStarHog's picture

CNBS - Cramer is the epitome of the BS part

Thu, 01/16/2014 - 18:49 | Link to Comment max2205
max2205's picture

And poof....it's gone...again and again

Thu, 01/16/2014 - 18:43 | Link to Comment Rainman
Rainman's picture

I like the ShamWow dude a lot more.

Thu, 01/16/2014 - 19:26 | Link to Comment brombones
brombones's picture

You're gonna love his nuts.

Thu, 01/16/2014 - 18:43 | Link to Comment whisperin
whisperin's picture

Now if he could be just brief history.

Thu, 01/16/2014 - 18:44 | Link to Comment dwayne elizando
dwayne elizando's picture

What's Jim think about treasuries for the long term? All time high, definite buy?

Thu, 01/16/2014 - 18:44 | Link to Comment Godisanhftbot
Godisanhftbot's picture

 TheSTreet.con is one of the worst performing stocks in the last 20 years.

Thu, 01/16/2014 - 18:45 | Link to Comment ejmoosa
ejmoosa's picture

Like anyone who believes in themselves too damn much without ever taking a Contrarian view, Cramer just does not get how much the game has changed over the last decade....

 

And everyday, he looks more like an out of touch moron...

 

Thu, 01/16/2014 - 18:45 | Link to Comment ebworthen
ebworthen's picture

Funny how old Jim never tells his sheeple in time to sell, eh?

I was in Best Buy this week, first time in nine months, it was a wreck.

Hardly any console games, high prices on cameras and computers and accessories, and a hugely expanded cell phone and associated doo-dads section.

Reminded me of Radio Shack.

Thu, 01/16/2014 - 18:46 | Link to Comment Godisanhftbot
Godisanhftbot's picture

 It is RSH with higher ceilings.

Thu, 01/16/2014 - 19:03 | Link to Comment The Gooch
The Gooch's picture

And gen-why in blue shirts and skinny pants.

I'm still trying to wrap my head around "screamo".

Mr.Bungle did it first.

Thu, 01/16/2014 - 19:31 | Link to Comment Its Only Rock N Roll
Its Only Rock N Roll's picture

and more employees running around with their fucking blue shirts on texting their lucky friends who work at Starbucks

Thu, 01/16/2014 - 18:51 | Link to Comment ejmoosa
ejmoosa's picture

The last time I went into a retail store and they met my expectations had to be around 2005.  It's been years since I have stepped into Radio shack, Best Buy, Staples, JCPenney, Sears, or Macy's.

And I cannot think of any reason why I would in the future.

In fact, last week I bought several pieces of clothing...from Salvation Army.  Damn, I cannot believe you people give away such damn fine clothing.  For $15 dollars, I bought some fine dress shirts, cycling jerseys, and other items.  

I do, however hit the liquor store.

 

Thu, 01/16/2014 - 18:58 | Link to Comment ebworthen
ebworthen's picture

I went in to whore thier overhead.

Wanted to look at the difference between 22" and 23" monitors to see which one I wanted to buy online tax free with free shipping at a 20% cheaper purchase price.

I had to endure the pimply 20-somethings entranced by the corporate culture and their headsets tyring the aggressive hard sell for 0% commission on a grumpy old guy.

Thu, 01/16/2014 - 21:29 | Link to Comment Papasmurf
Papasmurf's picture

I went to a Best Buy around a year ago when I was shopping for an inexpenive television.  They had all their televisions connected to prerecorded low quality, noisy content that interperced Best Buy adverts with video content that made the most expensive set like identical to their cheapest.  I ultimately bought at Microcenter, where the sets were hooked to decent sources so a purchase decision could be made.  I've probably been in Best Buy five times in five years and leave empty handed.  Same with JCP and Macys.  I'll buy a took in Sears once in a while when I'm in a pinch and can't wait for eBay.

Thu, 01/16/2014 - 19:05 | Link to Comment czardas
czardas's picture

I took a carload of food to our local shelter and noticed some of the items "given away"  (This is an affluent county.)  For men it was Tommy Hilfiger, Ralph Lauren (in the original box), Turnball, etc.    Women on foodstamps had the choice of Versace, Channel, Calvin Klein (also in original wrapper). These were going for $7-$10, a discount of over 90%.  Complete dinner ware (from Belgium) was going for $10 for the entire set!   The point is that if folks humbled themselves (or made a donation) they could get quality stuff for  practically free.    I am still stunned seeing women loading up on mall crap.  

Thu, 01/16/2014 - 19:23 | Link to Comment villainvomit
villainvomit's picture

plus one for the liquor store reference.  Yeah Yeah, party liquor !

Thu, 01/16/2014 - 20:07 | Link to Comment Unstable Condition
Unstable Condition's picture

+1 for the Early Cuyler (Unknown Hinson) reference.

Squidbillies: The Words and Wisdom of Early Cuyler

https://www.youtube.com/watch?v=sKhScy7E_aI

Thu, 01/16/2014 - 19:34 | Link to Comment Uber Vandal
Uber Vandal's picture

you people ?!

I hardly doubt "you people" who donated said clothing to the Salvation Army can be found here.

Thu, 01/16/2014 - 20:05 | Link to Comment booboo
booboo's picture

I personally put the whammy jammy on Circuit City when they fucked me on a piece of electronics that I had to take back 4 times to get fixed cause they would not give me a replacement, I pointed a loaded finger at the manager and told him that Circuit City would die within one year. POOF!!!

DON'T FUCK WITH ME ZERO HEDGERS, DON'T FUCK WITH ME, IM CRAZY MAN!!!!!!!!!!!!!!

Thu, 01/16/2014 - 18:56 | Link to Comment NumNutt
NumNutt's picture

Best Buy will go the same way that Circuit City went....anyone remember Circuit City? Or did I just date myself?

Thu, 01/16/2014 - 19:09 | Link to Comment King_Julian
King_Julian's picture

If you had said Crazy Eddie, you would be old.

Thu, 01/16/2014 - 19:42 | Link to Comment NemoDeNovo
NemoDeNovo's picture

+1000 for the "Crazy Eddie" reference, damn I miss his commercials....

 

Found one --->> http://youtu.be/4yYGoO5imyY

 

 

Thu, 01/16/2014 - 19:49 | Link to Comment Meat Hammer
Meat Hammer's picture

Circuit City....where service is state of the...aaaand....it's gone.

Thu, 01/16/2014 - 20:17 | Link to Comment MarkD
MarkD's picture

NN.... Circuit City was an anchor at a local mall...... that space is still empty. It gives me a chuckle everytime I drive by.

Who is paying for that empty space?

EDIT: and it's across from a BestBuy....... go figre

Thu, 01/16/2014 - 21:53 | Link to Comment jerry_theking_lawler
jerry_theking_lawler's picture

you, me and everyone that holds $USDs......

Thu, 01/16/2014 - 18:45 | Link to Comment Godisanhftbot
Godisanhftbot's picture

 Trading With The Enema.....

Thu, 01/16/2014 - 18:46 | Link to Comment Colonel Klink
Colonel Klink's picture

Cramer, what a twat of the highest order.

Thu, 01/16/2014 - 18:48 | Link to Comment Spungo
Spungo's picture

Why should you avoid cocaine? Because it makes you overly optimistic. Cramer was never warned.

Thu, 01/16/2014 - 18:51 | Link to Comment q99x2
q99x2's picture

Dude probably worked, as a kid, in the Russian circus until they kicked him out.

Thu, 01/16/2014 - 18:52 | Link to Comment Rising Sun
Rising Sun's picture

Cramer is just a marketing windbag who has whipped a bunch of lemmings/followers up in a frenzy - convincing them of his value.

 

These sorts of groupies existed for Michael Jackson too.

 

Another example of MSM herding the bag holders while insiders get out - GS does it all the time to their own investors - clients become bag holders as GS prop traders unload their positions.

Thu, 01/16/2014 - 18:56 | Link to Comment 1stepcloser
1stepcloser's picture

Cramer is the Wolf of Wall Street which is still eating sheep.  Sell me this Pen Cramer!  You fengazi mother fucker!

Thu, 01/16/2014 - 18:54 | Link to Comment fuu
fuu's picture

I dunno, I always thought his interview on The Daily Show where he admits to criminal behavior was his shining moment.

Thu, 01/16/2014 - 19:01 | Link to Comment Yardfarmer
Yardfarmer's picture

Epic Fail. The night of the long knives for US retailers is upon us.

Thu, 01/16/2014 - 20:34 | Link to Comment HedgeCock
HedgeCock's picture

Anyone notice the resemblance between Jim's pic and the pic of the absurd parasite thing in the article before the one about him?  Peculiar!

Thu, 01/16/2014 - 19:02 | Link to Comment SillySalesmanQu...
SillySalesmanQuestion's picture

We saw this same show last year with another big box retailer...J.C. Penny. Where are Bill Ackman and Carl Icahn?

Thu, 01/16/2014 - 19:05 | Link to Comment JustObserving
JustObserving's picture

Overstock CEO, Patrick Byrne, way back in 2009 sent out emails to everyone calling Jim Cramer "a criminal":

In recent weeks, “The Daily Show”’s Jon Stewart has exposed TV personality Jim Cramer as a liar (see these recent clips, 1 2 3). But I think he’s worse: I think he’s a criminal.

If that sounds hard to believe, please see this video (which Jim did not expect to reach the public) of Jim Cramer bragging about using the press to manipulate the stock market illegally

Warren Buffet says that, “If you ever sit down at a poker table and in 15 minutes haven’t figured out who the pigeon is, you’re the pigeon.”

Similarly, if you are getting any advice from Jim Cramer or CNBC, you are the pigeon. CNBC is a 24/7 hedge fund infomecial designed to trick you into making bad investments for the benefit of hedge funds. Again, watch the tape of Jim. Then read the critique. Then turn off CNBC.

http://www.thecontrarianmedia.com/2009/03/overstock-ceo-calls-jim-cramer-a-criminal/

 

Fri, 01/17/2014 - 12:14 | Link to Comment frankthomaswhite59
frankthomaswhite59's picture

is that you Brain?

Thu, 01/16/2014 - 20:32 | Link to Comment Freddie
Freddie's picture

Cramer has been a ****ing front runner from the get go.  Anyone who knows anyone working in the markets when he had his hedge fund knows his routine.  He wwould whisper little stories in Maria's ear. 

I think some people in the SEC tried to do something but he was given protection like Madoff got.  Cramer is very good buddies with Elliot Spitzer when Spitzer was somebody.

I once met a friend of a friend who's dad had a seat on the exchange probably from the 1960s to early 1990s.  The guy had endless stories.

Thu, 01/16/2014 - 19:05 | Link to Comment Critical Path
Critical Path's picture

Eat shit Jim, you're the clown of the finance.  I'm amazed (although my cynical side isn't) that people actually listen to your calls after having been notoriously wrong time and time again.

Thu, 01/16/2014 - 19:06 | Link to Comment pragmatic hobo
pragmatic hobo's picture

only reason HD (and WMT, JNJ, PG, GE, etc etc) keeps going up is because of their massive share buy-back ... unfortunately BBY is too broke to buy back shares ...

Thu, 01/16/2014 - 19:10 | Link to Comment brombones
brombones's picture

I havent been sticking pennies up my ass this past year for nothing. I'll bet Cramer has one in his pocket right now.

Thu, 01/16/2014 - 19:11 | Link to Comment monopoly
monopoly's picture

Why isn't this man in a maximum security jail cell with a......"friend.". What a stupid, moronic imbecile.

Thu, 01/16/2014 - 19:14 | Link to Comment ebworthen
ebworthen's picture

So on his show just now Cramer blamed the Analyst's and a lack of short sellers on the Best Buy crash.

Hey Jim, aren't you supposed to be an analyst for the small investor? 

He went on to recommend Amazon and Home Depot.

(Which means sell Amazon and Home Depot).

Hell, sell everything, STATFH!

Thu, 01/16/2014 - 19:41 | Link to Comment Everybodys All ...
Everybodys All American's picture

I'm very interested in Amazon earnings later this month. If they miss which I think is possible then we are indeed heading into a deeper recession. One which even the financial media and Fed will not be able to ignore or paper over.

Thu, 01/16/2014 - 19:14 | Link to Comment adr
adr's picture

Maybe if Cramer actually knew anything about business, he might not recommend the stocks of corporations playing bullshit games instead of selling product.

 Dick's, Best Buy, and Home Depot are not pictures of strength, they are badly reproduced pieces of art printed on shitty paper with cheap ink. For a little while it looks great, until the acid in the paper starts to eat away and the ink fades from the sun. Soon you have a worthless faded crumbling print in a nice frame. But boy your friends were impressed when you said you had a Matisse hanging in your living room.

Thu, 01/16/2014 - 19:42 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Every walk into a Dick's?  What a pile of crap at high prices.  Reminds me of Nieman Marcus.

 

Thu, 01/16/2014 - 19:52 | Link to Comment ebworthen
ebworthen's picture

If the Kardashian crowd starts Mountaineering Dick's might have a chance.

Thu, 01/16/2014 - 19:16 | Link to Comment kchrisc
kchrisc's picture

Jim Cramer was heard singing the other day.

I'm just a gigolo, and everywhere I go...

Off topic: Not to be undone by ships stuck in ice that is not supposed to be there, NBCNews.com had this gem today:

Massive Antarctic glacier uncontrollably retreating, study suggests
The glacier that contributes more to sea level rise than any other glacier on Antarctica has hit a tipping point of uncontrollable retreat, and could largely collapse within the span of decades, a new study suggests...

LOL I can assure that I will here "uncontrollabe retreat" come out of some sheeple's mouth in the next 24 hours.

I guess Al Gore and those Climategate "scientists" aren't rich enough yet.

Thu, 01/16/2014 - 19:21 | Link to Comment youngman
youngman's picture

The guy who makes money on Cramer is his drug dealer.....that isnt coffee he is on

Thu, 01/16/2014 - 19:28 | Link to Comment The Gooch
The Gooch's picture

Heisenberg!

Thu, 01/16/2014 - 19:22 | Link to Comment Disenchanted
Disenchanted's picture

full retard = Jim Crammer

Thu, 01/16/2014 - 19:31 | Link to Comment villainvomit
villainvomit's picture

If Jim C Reamer was such a badass hedgy, why in the hell would he go to work on tv ?  hint hint

Thu, 01/16/2014 - 19:33 | Link to Comment nmewn
nmewn's picture

Krammer started pumping the corp I work at last year. I promptly dumped and saved myself a 20% capital loss, in one of the biggest fiat inspired rallies of stock market history.

Thanks for the heads up Jim ;-)

Thu, 01/16/2014 - 20:01 | Link to Comment jack stephan
jack stephan's picture

Want to get poorer instantly, buy Tulammo in big calibers. Also watch it explode inside and ruin your new toy, the real joy is shaking it and pieces of the toy fall out. What a day, oh and fuck you Cramer, even my dumb friends piss on your tacky shit program.

Thu, 01/16/2014 - 20:07 | Link to Comment surf0766
surf0766's picture

Kramer should be in jail for his part in the crash. The "They know nothing " bullshit was a made for tv special

Thu, 01/16/2014 - 20:26 | Link to Comment roadhazard
roadhazard's picture

Cramer should be treated like GS advice. Whatever they say do the opposite. Personally I can not even stand to hear him speak.

Thu, 01/16/2014 - 20:27 | Link to Comment SmittyinLA
SmittyinLA's picture

Crocks

Thu, 01/16/2014 - 20:28 | Link to Comment rosiescenario
rosiescenario's picture

Every time I see Cramer in action I think of Crazy Eddie.....that's for us old farts....

Thu, 01/16/2014 - 21:03 | Link to Comment PunkSgt
Thu, 01/16/2014 - 21:07 | Link to Comment pupdog1
pupdog1's picture

Why isn't this buffoon wearing orange and bending over for Bubba (BBA)?

Thu, 01/16/2014 - 21:15 | Link to Comment pupdog1
pupdog1's picture

Neve trust anyone who starts his sentences with "Look ...".

Thu, 01/16/2014 - 21:52 | Link to Comment 22winmag
22winmag's picture

At what point does the court jester get his tongue removed?

Thu, 01/16/2014 - 22:01 | Link to Comment BullyBearish
BullyBearish's picture

Tom Keene is the Bloomberg equivalent: every guest that comes on he tries to get them to say how good everything is:

 

http://media.bloomberg.com/bb/avfile/News/Surveillance/vACJOA89r0zo.mp3

 

Thu, 01/16/2014 - 22:18 | Link to Comment Wait What
Wait What's picture

"Hi, I'm Jim Cramer and I'd like to show you how you can turn a 1,000,000 into a 1,000."

Thu, 01/16/2014 - 22:49 | Link to Comment Docnyc
Docnyc's picture

I was at the bar the last weekend telling all the birds that would talk to me that my man of the year was the fake signer at the Mandela memorial. It didn't go over as funny as I thought it should have. (It never does, sigh) But, you gotta give it to that man. He got paid to randomly gesticulate. Now I realize I was in error as Cramer is actually a better fraudulent gesticulator.

Fri, 01/17/2014 - 02:23 | Link to Comment Dre4dwolf
Dre4dwolf's picture

people still listen to that dino cramer? dudes stuck in the 80's

Fri, 01/17/2014 - 06:24 | Link to Comment cooperbry
cooperbry's picture

The sad thing I think is that there are people who actually take such advise...

Fri, 01/17/2014 - 09:23 | Link to Comment manich
manich's picture

Maybe BestBuys vary by location. I got my best deal on a fridge there. All the big boxes do price match, but the delivery and setup was better than what HomeDepot or Lowes offered. Also went there to look at TVs before buying online and found a deal just as good as what the net offered. My lucky day I guess.

Fri, 01/17/2014 - 10:49 | Link to Comment Toolshed
Toolshed's picture

Wow. You got a good deal on a fridge at Best Buy? I just can't understand why their stock is down after learning that.

Fri, 01/17/2014 - 10:08 | Link to Comment Billy Sol Estes
Billy Sol Estes's picture

LoL BBY at $27.26 now.

 

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