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

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Get poor QUICKLY
<----------It would be great to knock that motherfucker out.
<----------It would be great to knock that motherfucker out.
Tyler...Tyler...Tyler....the noisy ads here are bogus.......
get adblocker (ABP) for god's sake!
And a proxy and a Google anal-ytics killer...
Is Cramer's latest, unusable tome, "Get Rich Carefully," on the remainder rack at Sam's Club of yet ?
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?
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.
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.
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?
Cramer is my favorite clown. All he needs is the big red nose and clown shoes.
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...
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.
Wait to buy Cramer's book until the dollar store bundles it with Greenspan's book and is selling them per cord.
Another Obozo class charlatan.
I heard he was step brothers with James Clapper.
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?
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!
"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...
Just HOW would the advertiser "know" if you're using adblocker or not?
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.
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.
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?
33 Liberty
NY NY
250 Greenwich Street
New York City, NY
http://wtc7.net/
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.
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.
He's blaring through the doors of a million Hampton Suites© and Mariott Gardens© guest rooms, lobbies and bars right now.
Clearly he stays at a Holiday Inn Express every night.
Those fuckers don't have a bar.
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!
At this point, I highly doubt there's anyone with a brokerage account dumb enough to follow him.
There are only approximately 15,000 viewers of cnBSc daily, anyways - mostly bluehairs & the retarded.
I am told that CNBC is the default channel on the television in the Rec Room at Rikers.
I'm pretty sure that would fall under the cruel and unusual treatment clause.
Nice Avatar. Just hoping that is Bernanke on the receiving end.
That's cruel and unusual punishment!
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.
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.
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!
I reckon Jim Carey has better investment advice.
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.
Deep down I suspected it....but just looked it up. The mother fucking Cramer is a JEW.....his secret to success.
CNBS - Cramer is the epitome of the BS part
And poof....it's gone...again and again
I like the ShamWow dude a lot more.
You're gonna love his nuts.
Now if he could be just brief history.
What's Jim think about treasuries for the long term? All time high, definite buy?
TheSTreet.con is one of the worst performing stocks in the last 20 years.
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...
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.
It is RSH with higher ceilings.
And gen-why in blue shirts and skinny pants.
I'm still trying to wrap my head around "screamo".
Mr.Bungle did it first.
and more employees running around with their fucking blue shirts on texting their lucky friends who work at Starbucks
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.
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.
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.
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.
plus one for the liquor store reference. Yeah Yeah, party liquor !
+1 for the Early Cuyler (Unknown Hinson) reference.
Squidbillies: The Words and Wisdom of Early Cuylerhttps://www.youtube.com/watch?v=sKhScy7E_aI
you people ?!
I hardly doubt "you people" who donated said clothing to the Salvation Army can be found here.
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!!!!!!!!!!!!!!
Best Buy will go the same way that Circuit City went....anyone remember Circuit City? Or did I just date myself?
If you had said Crazy Eddie, you would be old.
+1000 for the "Crazy Eddie" reference, damn I miss his commercials....
Found one --->> http://youtu.be/4yYGoO5imyY
Circuit City....where service is state of the...aaaand....it's gone.
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
you, me and everyone that holds $USDs......
Trading With The Enema.....
Cramer, what a twat of the highest order.
Why should you avoid cocaine? Because it makes you overly optimistic. Cramer was never warned.
Dude probably worked, as a kid, in the Russian circus until they kicked him out.
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.
Cramer is the Wolf of Wall Street which is still eating sheep. Sell me this Pen Cramer! You fengazi mother fucker!
I dunno, I always thought his interview on The Daily Show where he admits to criminal behavior was his shining moment.
Epic Fail. The night of the long knives for US retailers is upon us.
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!
We saw this same show last year with another big box retailer...J.C. Penny. Where are Bill Ackman and Carl Icahn?
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/
http://www.deepcapture.com/the-story-of-deep-capture-by-mark-mitchell/
more specifically
http://www.deepcapture.com/category/2-the-journalists-tried-to-be-players-but-became-pawns/
is that you Brain?
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.
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.
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 ...
I havent been sticking pennies up my ass this past year for nothing. I'll bet Cramer has one in his pocket right now.
Why isn't this man in a maximum security jail cell with a......"friend.". What a stupid, moronic imbecile.
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!
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.
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.
Every walk into a Dick's? What a pile of crap at high prices. Reminds me of Nieman Marcus.
If the Kardashian crowd starts Mountaineering Dick's might have a chance.
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.
The guy who makes money on Cramer is his drug dealer.....that isnt coffee he is on
Heisenberg!
full retard = Jim Crammer
If Jim C Reamer was such a badass hedgy, why in the hell would he go to work on tv ? hint hint
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 ;-)
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.
Kramer should be in jail for his part in the crash. The "They know nothing " bullshit was a made for tv special
Cramer should be treated like GS advice. Whatever they say do the opposite. Personally I can not even stand to hear him speak.
Crocks
Every time I see Cramer in action I think of Crazy Eddie.....that's for us old farts....
Suck it Cramer!
http://trade.strategic-options.com/index.php/open/stock/bby
Why isn't this buffoon wearing orange and bending over for Bubba (BBA)?
Neve trust anyone who starts his sentences with "Look ...".
At what point does the court jester get his tongue removed?
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
"Hi, I'm Jim Cramer and I'd like to show you how you can turn a 1,000,000 into a 1,000."
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.
people still listen to that dino cramer? dudes stuck in the 80's
The sad thing I think is that there are people who actually take such advise...
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.
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.
LoL BBY at $27.26 now.