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Morgan Stanley Has Lowest Close Since December 2008, Down 40% From Jim Cramer's "Dirt Cheap" Level

Tyler Durden's picture




 

Little to be said here: everyone's favorite proxy of all that is broken with Europe, and now the retail investor, Margin Stanley just closed at the lowest price since December 2008. The move lower continues as Zero Hedge warned back in September of 2011. Compare this to Jim Cramer's February 2 pronouncement that Morgan Stanley is a "dirt cheap stock"... at $19.66!? The 40% prolapse in the four months since (120% annualized?) probably make it dirtest cheapest?

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Mon, 06/04/2012 - 16:21 | 2493323 Colombian Gringo
Colombian Gringo's picture

Cramer recommending MS is like Obama recommending Obamacare.  Both are losers. Cramer should start blowing Obama and close the loop.

Mon, 06/04/2012 - 16:23 | 2493347 achmachat
achmachat's picture

Dear Jim,
Please give us a sign that you are reading this.

Regards,
Us.

Mon, 06/04/2012 - 16:26 | 2493357 tmosley
tmosley's picture

Preferably by jumping off the top of 30 Rockefeller Center.

Mon, 06/04/2012 - 16:29 | 2493366 SilverTree
Mon, 06/04/2012 - 16:33 | 2493396 DoChenRollingBearing
DoChenRollingBearing's picture

Hey, Jimbo!

What's cheaper then dirt?

Mon, 06/04/2012 - 16:34 | 2493403 Bastiat
Bastiat's picture

Shit?  Actually fertilizer is not that cheap.  Biohazard waste? 

Cramer is embarassed all the way to the bank.

Mon, 06/04/2012 - 17:01 | 2493516 idea_hamster
idea_hamster's picture

Cramer's business model: hump your leg and bill you for a massage.

Mon, 06/04/2012 - 17:36 | 2493609 hedgeless_horseman
hedgeless_horseman's picture

 

 

 

Photo Credit http://i.thestreet.com/files/tsc/v2008/photos/all-pics/cramer/cramer-168-front-lead.jpg

Dear Jim,

Is it true the US Government agreed to stop its investigation of your company, TheStreet.com if you became uber-perma-bullish to the tune of saying things like, "Everyone gets long here and nobody gets hurt?"

By "nobody" did you really mean you?

 

PS: When you die, say hello to Goebbels

Mon, 06/04/2012 - 17:42 | 2493654 The Monkey
The Monkey's picture

Time for a relief rally.  CUSIPS I cover narrowed after the mini-blitz of EU headlines today.  MS bonds have held up relative to shares - financials are oversold and a short squeeze is in the works.

Mon, 06/04/2012 - 18:20 | 2493808 AlaricBalth
AlaricBalth's picture

Cramers track record is documented here through March 29, 2012. Would love to see the update through May. Significantly trails S&P 500 index over 3, 6 and 12 month periods.

Any serious investor knows he is a complete tool.

http://blog.pundittracker.com/?p=340

Mon, 06/04/2012 - 20:02 | 2494081 dark pools of soros
dark pools of soros's picture

someone needs to get the sheep to buy at the top..  he is great for his team

Mon, 06/04/2012 - 23:28 | 2494721 Problem Is
Problem Is's picture

A retard in a group home watching CNBC rocking and drooling knows Cramer is a complete tool...

Tue, 06/05/2012 - 01:00 | 2494866 AlaricBalth
AlaricBalth's picture

I stand corrected.

Mon, 06/04/2012 - 20:00 | 2494073 Buck Johnson
Buck Johnson's picture

I totally forgot about that investigation, his but almost went to jail.  I bet our right, I bet your right. 

Mon, 06/04/2012 - 22:38 | 2494612 otto skorzeny
otto skorzeny's picture

Goebbels said what he believed- didn't spout somes pseudo-crony-capitalist bullshit. And he had the stones to put a bullet in his head when the shit went down.

Mon, 06/04/2012 - 17:25 | 2493519 piliage
piliage's picture

Q:"What's cheaper than dirt?" A: Your portfolio after listening to this asshat.

I quote Michael O'Donoghue, "I don't think television will ever be perfected until the viewer can press a button and cause whoever is on the screen's head to explode."

A small child, with Down's syndrome, flipping a quarter would give more accurate stock advice than this douchebag.

Mon, 06/04/2012 - 17:53 | 2493708 zorba THE GREEK
zorba THE GREEK's picture

In all fairness, my brother-in-law started taking Cramer's advice last year and now he's a millionaire.

Problem is, last year my brother-in-law was a billionaire. 

Mon, 06/04/2012 - 17:26 | 2493370 Pladizow
Pladizow's picture

In Jims defense he thought he was talking about buying Multiple Sclerosis!

Mon, 06/04/2012 - 16:49 | 2493478 Freddie
Freddie's picture

I would pay good money on pay per view for Cramer, a lamp post and a rope.   He is a POS.

Tue, 06/05/2012 - 03:39 | 2495009 Arkadaba
Arkadaba's picture

Double post but let me vent about the queen's jubilee: http://www.youtube.com/watch?v=MeP220xx7Bs

I can't believe so many taxpayer dollars are going to support this parasitical family. And Canada is the worst!

Tue, 06/05/2012 - 04:22 | 2495034 poldark
poldark's picture

As long as it is not your money what's your problem?

In actual fact I would be willing to pay extra tax to have Brittania re-commisioned.

I would rather we spent money on that than giving £15bn pa to the EU

The total cost of being in the EU is £48mn a DAY.

Tue, 06/05/2012 - 03:35 | 2495010 Arkadaba
Arkadaba's picture

Thought you said you hated ZH and were going away a few days ago - just asking?

Mon, 06/04/2012 - 18:30 | 2493805 Widowmaker
Widowmaker's picture

Faggots don't jump, they die of broken priorities, marginalizing themselves one lost and broken argument at a time.

The fact that Fag-Fan #1 has any viewers at all is testimony the market bitch has a long way to fall.

Mon, 06/04/2012 - 16:27 | 2493361 knukles
knukles's picture

Oh come on, cut the guy a break.
It was dirt cheap.
Now dirt cheaper.

Pretty soon people'll be wrapping fish and chips in the cerificates.

Mon, 06/04/2012 - 16:29 | 2493374 whatsinaname
whatsinaname's picture

MS the next MFS ?

Mon, 06/04/2012 - 16:32 | 2493391 halflink123
halflink123's picture

IMO there are plenty of people on Wall Street who are either (1) incompetent or (2) grossly dishonest and lacking any moral or ethical standards.

Now, I don't know which of those 2 Cramer fits into. My guess is both.

Cramer = Buy what's going up + sell what's going down + Buy financials, but only TBTF financials b/c those are his overlords.

Could it be that I've cracked the code?

Mon, 06/04/2012 - 17:02 | 2493518 FlyoverCountryS...
FlyoverCountrySchmuck's picture

If you averaged down, it's a GREAT DEAL!!!

Right....???

Mon, 06/04/2012 - 16:42 | 2493444 optionking
optionking's picture

your money is safe at Bear!

Mon, 06/04/2012 - 16:24 | 2493349 SilverTree
SilverTree's picture

SELL-SELL-SELL!!

Mon, 06/04/2012 - 16:49 | 2493480 Gringo Viejo
Gringo Viejo's picture

Actually, you gotta love this guy. An in- your-face huckster, the real life Flim Flam Man, and the lumps keep throwing money at him. As Eli Wallach said in The Magnificent Seven..."if God had not wanted them to be shorn, He would not have made them sheep."

Mon, 06/04/2012 - 21:09 | 2494285 Questan1913
Questan1913's picture

Gringo Viejo

 

"ACTUALLY YOU GOTTA LOVE THIS GUY."

 

Really?    Your ethical and moral compass permanently points south, and celebrity is EVERYTHING, right? 

Mon, 06/04/2012 - 21:51 | 2494463 DanDaley
DanDaley's picture

Sarcasm...that's how I read it.

Mon, 06/04/2012 - 17:31 | 2493611 BandGap
BandGap's picture

You're assuming he hasn't already done so.

Mon, 06/04/2012 - 17:49 | 2493666 Soul Train
Soul Train's picture

Cramer is a manic depressive blowhard. This is just fact. If you have ever met him and tried to look him in the eye, you would know he has serious issues.

Some viewers of his 'showmanship' are mesmerized by him. This is not uncommon, as some manic depressive personalities can be alluring during their mania.

Rapid speech, pompous, arrogant, in control, etc.

 

 

Mon, 06/04/2012 - 18:03 | 2493754 Jake88
Jake88's picture

when is he ever depressed. i think you may be a blowhard as well.

Tue, 06/05/2012 - 00:48 | 2494846 JimS
JimS's picture

Large groups of people were mesmerized by Hitler too. I think you are on to something here.

Tue, 06/05/2012 - 01:55 | 2494952 piliage
piliage's picture

Ah, I get it. So the stock picking and blowing up trillions of dollars of personal wealth is some extroverted gestalt therapy for him. Wonderful.

Can't we give him a pill instead?

 

Mon, 06/04/2012 - 18:55 | 2493909 Its_the_economy...
Its_the_economy_stupid's picture

@CC

You win. THE funniest post I have read today

+1

Mon, 06/04/2012 - 16:19 | 2493324 Lost Wages
Lost Wages's picture

The fact that Cramer still has listeners never fails to amaze me. I heard one guy call in once and say he made money off a stock tip, but I figured he was a friend of Jim's.

Mon, 06/04/2012 - 16:22 | 2493341 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

He threw in the towel on fb today, after his viewers lost 40% on his advice.  The dude can't win.  Luckily for him, he will always have a job fluffing the Bavarian Illuminatti in a castle in eastern Europe.

Mon, 06/04/2012 - 16:54 | 2493498 swmnguy
swmnguy's picture

There would be the signal to buy FB.

Mon, 06/04/2012 - 16:57 | 2493499 Jay Gould Esq.
Jay Gould Esq.'s picture

<< Luckily for him, he will always have a job fluffing the Bavarian Illuminatti in a castle in eastern Europe. >>

By God, that was classic.

+1

Mon, 06/04/2012 - 16:19 | 2493325 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Cramer should pack up shop.

Mon, 06/04/2012 - 16:19 | 2493327 tony bonn
tony bonn's picture

speaking of pompous arrogant assholes, jim cramer walks on stage....

Mon, 06/04/2012 - 16:20 | 2493328 Beevreetr
Beevreetr's picture

Multiple investigations will do that.

Mon, 06/04/2012 - 16:23 | 2493343 Liquid Courage
Liquid Courage's picture

How anyone can still stand to look at this douche is one of life's abiding mysteries. I swear when he looks in the mirror, his reflection blows him a raspberry.

Mon, 06/04/2012 - 16:23 | 2493346 goldencross10
goldencross10's picture

Him Doug Kass and Dick Bove have to get a new CNBC show for all the winners out there who want to make fast $$$

Mon, 06/04/2012 - 22:59 | 2494663 Lux Fiat
Lux Fiat's picture

"Big Time Blow'd Up Trading" - coming soon to CNBC?  But the only thing that gets blow'd up is your acct if you're mindless enough to take the advice.

http://www.youtube.com/watch?v=td4VEGiIQmk&feature=endscreen

Mon, 06/04/2012 - 16:24 | 2493352 Normalcy Bias
Normalcy Bias's picture

Fade this Carnival Barker...

Mon, 06/04/2012 - 16:26 | 2493356 Temporalist
Temporalist's picture

I watch Jim Cramer because he has funny buttons to push...just like Ben Bernanke.

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