Blast From The Past - Cramer On Kodak "EK Has Gone From A Classic Business To A Revolutionary One"

Tyler Durden's picture

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spankthebernank's picture

An unbelievable sociopath. I love that his ad currently abuts this piece.

smlbizman's picture

i liked dan dorfman better....

rcintc's picture

"No Dopes in Epitope!"  

FEDbuster's picture

BooooooooooooooooYaaaaaaaaaaaaa!!!!!!!!!!!

The Cramer endorsment for buying gold came right before a 15% drop in the price of gold.  He is the kiss of death.

Looney's picture

It gives a whole new meaning to "The Kodak Moment"!

WTFx10's picture

Since they make decent ink-jet printers, and a certain printer company dosen't offer any ink-jets in its offerings. Maybe a buyout is an option for Kodak?

Yield2Greatness's picture

That man should have been retired long ago.

bugs_'s picture

take my show away!!!!

Fips_OnTheSpot's picture

I lol'd. This is like "AOL never fails"

Buckaroo Banzai's picture

Has anybody ever compiled a "Cramer's Greatest Hits" of stupid calls? I would love to see a comparison of Cramer's good calls (are there any? I'm sure there must be some) to his stupid calls. Also has anyone rated these calls on some sort of scale of stupidity?

We know this man is a buffoon, but we don't know HOW BIG a buffoon he is. I really feel like someone needs to put a little research around this, and define it in concrete terms.

Yield2Greatness's picture

It's all out there.  Google...

But why beat the dead horse?

Buckaroo Banzai's picture

Yeah there's stuff out there but nothing really comprehensive. Why beat the dead horse? I dunno, it seems like we need to fully understand this guy, and the position he has achieved, so we can better avoid this crap in the future.

Problem Is's picture

 Why beat the dead horse?

Because every CNBC douche bag needs a douche bag rating on a douche index...

CrazyCooter's picture

Well, Wall Street has been doing this since there was a stock market pretty much, right? I mean, this is nothing new at all. There was plenty of this type of faux-news/mis-information in the early 20th century.

The reality is that no one should invest in anything they do not fully understand. Even with this in mind, information was asymmetric 100 years ago, just as it is today. Not saying a little guy can't make it, but they are clearly disadvantaged.

Regards,

Cooter

EDIT: Actually, to take your idea in a different direction, someone with the resources/knowhow/infrastructure could create a Cramer index which is simply a running trade of his buys/sells. Then you could just short the shit out of it and go on vacation!

FEDbuster's picture

Don Harrold used to rip on Cramer all the time on Youtube, I am not sure what happened to Don?  Anyway some ETF firm should do a Cramer Inverse Investment Advice Fund,

Atlantis Consigliore's picture

His call on Wynn was perfect top;   puts worked fine.

please say more about the mkts.....better than the screaming

oldies jiggling and giggling. from greece.

the show is a joke.....

a hedge fund contra his predictions would be a good index of sentiment;

call it The Poop Scoop .... as opposed to the Vix on volatility.

 

I cant think of any contrary indicator better than the pimp show his own

and the PIMP mouth...

 

you ve got to get in the game....Bye bye GOLD,  lol....

 

hes jumped the shark and been nibbled by it, better than Fonzie.

Waterfallsparkles's picture

He absolutely loved Nflz at $300.  Said it would go higher.  Absolutely loved Aapl at $420. Said it would go higher.  Loved Amazn at $240. Loved Google at $700.  Said it would go higher.

Said any money in Bear Stearns was ok.  Although, he only talkes about stocks on his show he said any money in Bear Stearns was ok then back tracked and said he ment as a deposit in their Bank.

The shame of it is that he loves stocks after they make a huge run and a $10. up day he recommends them.  If they fall out of bed he says to sell them.

I remember when tazr went from $107. down to $4. in three days and he comes on the air and tells everyone to sell the stock.  DUH.  Should have said to sell at $107.

He is like an analsis looking in the rear view mirror.  If a stock goes up he loves it, if it goes down he hates it. 

Although, I truly believe that he is working for Gs and the Hedge Funds to panic those who have already lost a boat load of Money on a stock to give it that last spike down or up to get his buddies out of the position.  Either short or long.

I think they should take him off the air.

FMR Bankster's picture

Although I was never a big fan of Mark Haynes he had it right on on Cramer. " And now, here's Cramer from the church of what's working now". Complete clown, and that's from someome who managed $20 billion in institutional assets for a living.

monoloco's picture

I wonder if anyone has ever charted how an investor who did the exact opposite of what Cramer has recommended would have done vs. one who had taken his advice 100%. 

fuu's picture

The four of them sound like Gibbons high on meth.

tunaman4u2's picture

He was also SUPER bullish on Coal in March, down 50%+ in 6 months on all his recommendations

RSloane's picture

He needs more face time with Jon Stewart. I absolutely am revolted by Cramer on a level I usually don't experience with talking heads. He is beyond disgusting. I usually listen to Squawk Box because of their guests and because that show is less likely to go full tilt stupid unless Liesman is hosting. I never watch past Squawk Box because the idiots at CNBC decided to have Cramer on throughout the day and when I hear his voice I shut the TV off.

Waterfallsparkles's picture

I cannot stand him in the Morning.  Like listening to Richard Simmons doing jumping jacks while trying to position your stock trades for the day.

He talks so fast and makes sure to get in all of his buddies stock positions and pump them.

Even when he is not supposed to be on he jumps into other segments to give his opinion if what they are saying is contradictory to what his stock positions are.  Hate that with the Greenberg segment in the afternoon and he gets a portable mike to dispute what they are saying.

He is like where is Waldo and all of a sudden he is on the screen pumping what he wants.  CNBC needs to bring back the hook where they would litterally put out a hook and remove someone from the stage.

CNBC has almost become the World acording to Cramer.  Maybe they should rename the whole program.

I also notice that as he is speaking puming a stock that he cannot get his eyes off either his Computer or the Ticker when he is on the floor.  He is all consumed by how what he is saying is affecting the stock.  Like he has an Ownership interest in that stock.  Watch for yourself and you will see.

RSloane's picture

I absolutely agree with you. Its sickening how he jumps up and down and screams "I'm moving the markets." Sorry, Cramer, the people who you think you're influencing are working and not listening to your rabid mouth.

Shinjuku's picture

Well, four years ago...

From Seeking alpha just a few

09/16/10 Eastman Kodak (EK): "No. It's really just a spec at this point. There's been too much damage done at that company... too many divisions sold. Too much has gone on. I'm not a bull. I have not been a bull for 15 points. I'm not changing my view here."

11/01/10 Eastman Kodak (EK): "You come to me with Eastman Kodak, which is a Rochester loser! I want you to sell, sell, sell."

11/05/10 Eastman Kodak (EK): "We're a seller of EK..."

12/23/10 Eastman Kodak (EK): "No, I don't want to recommend a stock on a takeover unless fundamentals are good...and the fundamentals are not good for EK."

09/09/11 Eastman Kodak (EK): "No, everyone likes it as a patent play. I don't like it...it is so overvalued...it's like one up and one down, and that's not enough for me."

Milstar's picture

Your logic has no place here!

King_of_simpletons's picture

It's time to show action. I am talking on behalf of the sheep.

Cash or Bonds..

Bonds are risky. Go to Cash.  Yeah, cash doesn't grow beyond inflation.. the same propaganda that's been heard a million times. Atleast you won't lose everything. End of Dialog.

Confused's picture

Cash, since 1913, doesn't have a real good track record for keeping its value. 

 

I'll sell you my Bonds and cash....at a discount. Of course I only take PMs.

 

;-P

snowball777's picture

40% PMs, 40% cash, 10% bonds, 10% casino (hopefully with some dividends, if there are any corps that still do that left).

RmcAZ's picture

I can't think of anything worse to invest in besides cash. It's gone down 96% since 1913. That's pretty much losing everything.

http://i.imgur.com/PpGi6.jpg

Storch's picture

He is currently statistically worse than a coin flip when identifying stocks that will over or under perform the sp500. Does that make him a contra indicator? Could we sell everything he says to buy, then buy the same $ amount in sp500 for a market nuetral portfolio that capitalizes on his wrongitude?

http://caps.fool.com/player/trackjimcramer.aspx

Weeed

http://www.funnyordie.com/videos/64357b2127/smoking-weed-all-day

Outlaw Of The Wasteland's picture

a jew jewing jewfully on the jewtube.

DavosSherman's picture

Cramer and the gang are fucking inept economic MORONS.

Sokhmate's picture

I disagree. Cramer and the gang are deliberate, premeditating, calculating lechers.

 

If you got the time.. long read.

http://www.deepcapture.com/michael-milken-60000-deaths-and-the-story-of-...

Opening paragraph:

"This story, like too many others, begins with Jim Cramer, the CNBC personality, making “a mistake.”

On September 26, 2005, Cramer  announced to his television audience the sad news (punctuated by funny sound effects – a clown horn, a crashing airplane) that Provenge, an experimental treatment for prostate cancer, had flopped. Thousands of"

AnAnonymous's picture

Cramer is a modern embodiement of the US citizen spirit.

He should have his face on a US dollar note.

A true US American, this one.

This your typical US citizen makes millions your US citizen typical way: selling cheap propaganda.

His propaganda is cheap as good US propaganda has to be, easy to debunk.

But as this guy is your typical US citizen, he is making millions selling his cheap propaganda.

The last point being, this your typical US citizen, just like any other your typical US citizen, thinks he deserves every single cent he makes and that he was to disappear, the world would not survive.

RSloane's picture

What the fuck are you going on about?

Fukushima Sam's picture

He's A Chinese Psycho.  Too much melamine and plastic rice in his diet.

AnAnonymous's picture

What about? About how US citizens allow their own to grow richer selling extremelly cheap propaganda.

Diogenes's picture

"What the fuck are you going on about?"

Cramer is an American with something to sell and that means bullshit. The less what he has to sell is worth, the more bullshit. Cramer is selling his investment expertise which is worthless so that means bullshit to the max.

max2205's picture

I just feel bad to see EK, another US co expire. Like the death of Polaroid

Motorhead's picture

Don't feel too bad.  That's progress.  Now excuse me.  The ice man is here to deliver ice for the ice box.

CrazyCooter's picture

LMAO!

And its been years since I have seen Motorhead in concert ...

Regards,

Cooter

Temporalist's picture

Back in 2003 or 2004 I met with Kodak and asked them what their plans for digital were and they looked like deer in headlights, still talking about film, no vision of the future, their core management was raised on film and could not grasp that their audience was shrinking and their business model doomed.

I tried to give them a clue.  There was a huge normalcy bias as none of them wanted to even consider that Kodak wouldn't be around if they didn't start to change and I was alreadly late in making suggestions to them.

Atlantis Consigliore's picture

Hes Shultz  on the tv show,  the rest are Cramers Heros......

who's Kink?    Commandant Klunk......?