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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 | Link to Comment 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 | Link to Comment achmachat
achmachat's picture

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

Regards,
Us.

Mon, 06/04/2012 - 16:26 | Link to Comment tmosley
tmosley's picture

Preferably by jumping off the top of 30 Rockefeller Center.

Mon, 06/04/2012 - 16:29 | Link to Comment SilverTree
Mon, 06/04/2012 - 16:33 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Hey, Jimbo!

What's cheaper then dirt?

Mon, 06/04/2012 - 16:34 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment AlaricBalth
AlaricBalth's picture

I stand corrected.

Mon, 06/04/2012 - 20:00 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Pladizow
Pladizow's picture

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

Mon, 06/04/2012 - 16:49 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment whatsinaname
whatsinaname's picture

MS the next MFS ?

Mon, 06/04/2012 - 16:32 | Link to Comment 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 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

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

Right....???

Mon, 06/04/2012 - 16:42 | Link to Comment optionking
optionking's picture

your money is safe at Bear!

Mon, 06/04/2012 - 16:24 | Link to Comment SilverTree
SilverTree's picture

SELL-SELL-SELL!!

Mon, 06/04/2012 - 16:49 | Link to Comment 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 | Link to Comment 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 | Link to Comment DanDaley
DanDaley's picture

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

Mon, 06/04/2012 - 17:31 | Link to Comment BandGap
BandGap's picture

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

Mon, 06/04/2012 - 17:49 | Link to Comment 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 | Link to Comment Jake88
Jake88's picture

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

Tue, 06/05/2012 - 00:48 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment swmnguy
swmnguy's picture

There would be the signal to buy FB.

Mon, 06/04/2012 - 16:57 | Link to Comment 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 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Cramer should pack up shop.

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

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

Mon, 06/04/2012 - 16:20 | Link to Comment Beevreetr
Beevreetr's picture

Multiple investigations will do that.

Mon, 06/04/2012 - 16:23 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Normalcy Bias
Normalcy Bias's picture

Fade this Carnival Barker...

Mon, 06/04/2012 - 16:26 | Link to Comment Temporalist
Temporalist's picture

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

Mon, 06/04/2012 - 16:28 | Link to Comment knukles
knukles's picture

Pull my finger.

Mon, 06/04/2012 - 16:41 | Link to Comment davinci7_gis
davinci7_gis's picture

Me too...he should add a button that says "Print, Print, Print" really loud with the sound of printing presses in the background.  It would be a "golden" button!

Mon, 06/04/2012 - 16:30 | Link to Comment Cursive
Cursive's picture

I'd rather have a bag of dirt than a share of MS.

 

* Disclaimer:  The only thing that would possibly make the bag of dirt worth less than a share of MS would be if you added lead paint chips to it or it came from those sites around Fukushima were the topsoil is being removed and buried.

Mon, 06/04/2012 - 16:29 | Link to Comment zorba THE GREEK
zorba THE GREEK's picture

He's just doing his job, getting the witless investors to buy what his 'bosses' want to dump.

Of course, if they stated that in his shows disclaimer, he wouldn't have much of an audience.

The Squid has many tentacles. 

Mon, 06/04/2012 - 17:24 | Link to Comment jcaz
jcaz's picture

Yep- he's been owned by GE ever since he got busted frontrunning on his show, and "mysteriously" his hedge fund ceases to exist......   Dude has been GE's prime fluffer ever since he got OWNED by that tool Jon Stewart.....

Mon, 06/04/2012 - 16:30 | Link to Comment LoneStarHog
LoneStarHog's picture

I scream the following about Cramer:  "THEY KNOW NOTHING...NOTHING..."

Mon, 06/04/2012 - 16:32 | Link to Comment jus_lite_reading
jus_lite_reading's picture

Blue Whoreshoes loves Jim Cramer

I wonder if the whole FarceBook scam blowing up has anything to do with this? hehehe

GAME OVER... even with BEnron now GUARANTEED to print at least $4 TRILLION IN PONZI FIAT ($2 TRILLION of which will be going to bail out Spain and the EU) the whole thing ends the same way as if they didn't do anything. The only difference-- one is a slow painful death, one is quick with a chance that humans wipe out the filth...

Mon, 06/04/2012 - 16:33 | Link to Comment WoodMizer
WoodMizer's picture

This is cramer and the rest of the CNBC pumpers.

http://www.youtube.com/watch?v=8Py9c8IOubE

He can't wait to embarrass himself again and again for the team.

Mon, 06/04/2012 - 16:34 | Link to Comment slaughterer
slaughterer's picture

Wait until MS hits $10 and then BUY if it seems Mitsubishi wants to bail their sorry ass out again.  

Mon, 06/04/2012 - 16:34 | Link to Comment palmereldritch
palmereldritch's picture

Is he an App or verb for shorting yet?

That stock just Cramered!

Mon, 06/04/2012 - 16:44 | Link to Comment Liquid Courage
Liquid Courage's picture

Heh heh ... or maybe a more generic usage:

 

Man, I think that calamari was bad ... I just Cramered my drawers!

Mon, 06/04/2012 - 16:34 | Link to Comment 1100-TACTICAL-12
1100-TACTICAL-12's picture

I started my trading carear with Jim. I now live in a cardboard box.

Mon, 06/04/2012 - 16:45 | Link to Comment Liquid Courage
Liquid Courage's picture

... down by the river?

Mon, 06/04/2012 - 19:29 | Link to Comment Acorn10012
Acorn10012's picture

What happened to the van?

Mon, 06/04/2012 - 16:35 | Link to Comment Wags
Wags's picture

Remember when a smug Crammer was bragging how rthe ECB saved Europe? What a phony!

Mon, 06/04/2012 - 16:36 | Link to Comment roadhazard
roadhazard's picture

HooWaa Jim ! How many days left now until housing comes back.

Someone should draw a clown nose and red, white and blue afro on that image.

Mon, 06/04/2012 - 16:37 | Link to Comment Seasmoke
Seasmoke's picture

JEW YAAA

Mon, 06/04/2012 - 16:38 | Link to Comment Alex Kintner
Alex Kintner's picture

Crammer's ability to lie with a straight face is awesome. Thank gawd he wears flame retardant pants -- and has other retardant qualities.

Mon, 06/04/2012 - 16:39 | Link to Comment dwdollar
dwdollar's picture

Another thoroughly discredited shill. Who still listens to this dip-shit???

Mon, 06/04/2012 - 16:39 | Link to Comment sunkeye
sunkeye's picture

just to add some balance - try to anyway - i once had a non-financial run-in w/ jc and he was quite a decent chap

having said that this thread i've laughed out loud more than once reading just the first 25 comments

Mon, 06/04/2012 - 18:32 | Link to Comment Widowmaker
Widowmaker's picture

So he passed you some Fed shit tickets under the stall?

If you were half a patriot at all you would have rearranged that "chap's" face.

You didn't which makes the world think less of your story and you.

Mon, 06/04/2012 - 16:39 | Link to Comment Poetic injustice
Poetic injustice's picture

I like when you talk dirty, Tyler.

Mon, 06/04/2012 - 16:43 | Link to Comment miguel991
miguel991's picture

Cramer is just one of many assholes contributing to the theft and diversion of the American people, and world. His voice, grating; his arrogance, stiffling; his ethics, non-existent.

Hopefully, one day soon, this will end. But, I am not holding my breath.

Buy PMs and continue forward to a brighter tomorrow.

Mon, 06/04/2012 - 17:34 | Link to Comment newengland
newengland's picture

miguel,

I must agree with you. The man is a shameless huckster, a cheaper stupid version of that grand thief, Corzine.

Mon, 06/04/2012 - 16:43 | Link to Comment YesWeKahn
YesWeKahn's picture

Cramer is the dirtest and cheapest.

Mon, 06/04/2012 - 19:24 | Link to Comment Zero Govt
Zero Govt's picture

yes, slots in nicely at CNBC

Mon, 06/04/2012 - 16:51 | Link to Comment RichardENixon
RichardENixon's picture

Well, it wasn't cheap, but it was dirt. For Cramer, being 50% right is real progress.

Mon, 06/04/2012 - 16:52 | Link to Comment tony wilson
tony wilson's picture

listen fools cramers a god deal with it.

day in day out that guy that true american that one man fukin  seal team 6 has been in the trenches.

has been taking incoming turds from his friends at goldman and jpm.

drying them off giving them a little spit a polish and sending them back out to be eaten,no cobbled up by you copraphiliic zombies.

jesse ventura is a girl..the rock is made of glass..ice cold steve austin is a gaymen.

to those evil doers that say cramer does not have a penis and was born a girl and is just the pump man or fluffer for the bossman is say it is wrong.

Mon, 06/04/2012 - 16:59 | Link to Comment fuu
fuu's picture

Third nipple.

Mon, 06/04/2012 - 16:53 | Link to Comment P.T.Bull
P.T.Bull's picture

I can still remember as a young child felling the relief when learning that the bumble survived his fall by bouncing. I will take investment advice from the bumble before that of cramer. One thing about the government sponsored media--one's track record as a prognisticator is never examined. The sheeple run on feelings and are ahistorical.

Mon, 06/04/2012 - 16:54 | Link to Comment P.T.Bull
P.T.Bull's picture

?

Mon, 06/04/2012 - 16:55 | Link to Comment Convolved Man
Convolved Man's picture

The monkey has to dance when the organ grinder plays the tune.

Mon, 06/04/2012 - 18:55 | Link to Comment newengland
newengland's picture

Are you the monkey too? What will you do to defend the ideals of the Republic?

Traders need to be brave now. The best way to serve the poor is not to become one.

Mon, 06/04/2012 - 19:24 | Link to Comment Convolved Man
Convolved Man's picture

Ha Ha

 

Generally, I ignore the rantings of monkeys.

Mon, 06/04/2012 - 19:55 | Link to Comment newengland
newengland's picture

Convoluted man,

Defend the Republic with your money, your blood, your soul or lose it. 

The clock strikes 13 ('Nineteen Eighty Four', George Orwell's warning to your sort).

Mon, 06/04/2012 - 16:57 | Link to Comment Pancho Villa
Pancho Villa's picture

I'm delighted that MS stock has been thrown into the dust bucket.

And the fact that Cramer now has egg on his face is just icing on the cake.

Mon, 06/04/2012 - 17:06 | Link to Comment Temporalist
Temporalist's picture

He likes bankster semen as his icing.

Mon, 06/04/2012 - 17:03 | Link to Comment TrainWreck1
TrainWreck1's picture

Fitch downgrades Cramer to 'sub-dirt'

Mon, 06/04/2012 - 19:23 | Link to Comment Zero Govt
Zero Govt's picture

typical Fitch, they're 3 notches above the truth

Mon, 06/04/2012 - 17:10 | Link to Comment seanindundee
seanindundee's picture

Said the same thing about Merrill Lynch as it fell, and fell, and fell. 2008, was it?

Mon, 06/04/2012 - 17:16 | Link to Comment piliage
piliage's picture

How do you become a millionaire? You're a billionaire and you listen to Jim Cramer.

Mon, 06/04/2012 - 17:29 | Link to Comment loveyajimbo
loveyajimbo's picture

Well, he may be a typical Goldman shit-bag... but he gives a pretty good hummer for $10.

Mon, 06/04/2012 - 17:29 | Link to Comment newengland
newengland's picture

Mystery solved. This man really is a performing seal, masquerading as an intelligent person.

I lived in Britain for decades, and someone purporting to be a friend once said: 'Look at this. CNBC. This guy.'

I was horrified. There was this bald man leaping about, shouting, ringing bells or some such nonsense and exhorting the unwary punter to believe him.

Mercifully, now back at home in New England, I'm still horrified that this thing Cramdown is allowed to mislead the unwary public.

Mon, 06/04/2012 - 17:31 | Link to Comment Catullus
Catullus's picture

"now is not the time to be rigorous."

 

Mon, 06/04/2012 - 17:32 | Link to Comment Legolas
Legolas's picture

I give this post a 5 just for the creative comments. 

Mon, 06/04/2012 - 17:32 | Link to Comment Wakanda
Wakanda's picture

"dirtest cheapest?"

dirtester cheapester?

Mon, 06/04/2012 - 17:51 | Link to Comment TWSceptic
TWSceptic's picture

No wonder CNBC's ratings are crashing. They constantly rely on new viewers since the ones before discover they've been watching BS. Eventually CNBC may need to change their core business to entertainment channel. The clowns are already there so it should be a smooth transformation.

Mon, 06/04/2012 - 18:10 | Link to Comment Jake88
Jake88's picture

It would actually be entertaining if they all dressed in clown suits with big floppy clown shoes.  At least it would make sense.

Mon, 06/04/2012 - 17:47 | Link to Comment CClarity
CClarity's picture

CNBC loves to stomp on MS and their 2008 price level revisit . . . but what about Citi if you divide by the 10X they had to reboot to get their stock above $5 a while back  that would make is about $2.50 these days with an unwind of the 10X.  Strangely silent on that.

Mon, 06/04/2012 - 17:49 | Link to Comment vincent
vincent's picture

JPM closes at 31.   30 handle after hours.  46 bucks on April 1.

5-14-2012 MSM soothsayers declare "JPM a sreaming buy here at 36".

Let's see where support is. 

I'm hoping nowhere.

Reap it Morgan, you......

https://www.youtube.com/watch?v=35gjeT6Zsok&feature=related

Mon, 06/04/2012 - 18:35 | Link to Comment Widowmaker
Widowmaker's picture

I've had this happen twice in the last month.  JPM employees get emotional when i ask about the equity price -- "the chance of a lifetime!"  "I'm buying all I can get!" is the usual reply.

They soil their panties when i say "See you under 18"

Mon, 06/04/2012 - 20:19 | Link to Comment bigwavedave
bigwavedave's picture

Loss now $4.2 and rising like a projected infrastructure project cost.

 

http://www.bloomberg.com/news/2012-06-04/jpmorgan-faces-4-2-billion-trading-loss-isi-forecasts.html

Mon, 06/04/2012 - 17:52 | Link to Comment Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

I couldn't stand listening to that crap for more than one minute in.

Tue, 06/05/2012 - 10:27 | Link to Comment Bertie Wooster
Bertie Wooster's picture

There is no "bottom" to a zero like MS or CHK equity, they go down right into the creditors pockets.  

This company deserves its fate.  Maybe they save JPM again, but not this house of "morgan".

Mon, 06/04/2012 - 18:05 | Link to Comment Joke Heros
Joke Heros's picture

I used to watch Cramer's show (pre market crash), and as a major newb I took some of his advice and created a 'diversified portfolio', including gems like RIG, HPQ and GS that, as you can guess, eventually tanked HARD. I blame myself for drinking that kool aid.

Watching him go nuts because Bernanke wouldn't open the Fed Discount Window to bail out all his overpaid schyster buddies at trading firms took the cake. That's when my eyes opened to the clown show that is CNBC. It became clear he didn't speak on behalf of the average schmucks like me, but for all his buddies who profit when the Average Joe enters the stock world and get's pick pocketed by these HFT Flash Crash schysters. Never again.

http://www.youtube.com/watch?v=EklCI7D7Rns&feature=related

 

Mon, 06/04/2012 - 18:10 | Link to Comment Jay Gould Esq.
Jay Gould Esq.'s picture

Ego te absolvo.

Tue, 06/05/2012 - 07:21 | Link to Comment Joke Heros
Joke Heros's picture

Gratias

Mon, 06/04/2012 - 18:41 | Link to Comment theTribster
theTribster's picture

I learned early on about Jimbo Kramer, in the end he is no different than any of the other pinheads over at CNBC (or Bloomberg) with Santelli being an exception. Kramer probably has gotten some right but way more wrong, this is typical for these guys. I remember one he recommended (forget the symbol) strongly, interviewed the CEO, the whole nine yards - buy, buy, buy. I have a good buddy that did, and literally 2 weeks later they declared bankruptcy - the stock trended down every day after he bought it, I felt terrible but fortunately it wasn't that much. He paid for my education essentially. 

Turns that making some money in the markets isn't that hard but making a lot of money is or at least can be. I've been trading and investing for 30 years and the trick seems to be simple: common sense. After gaining a basic understanding of the markets and how they work the most important thing is using common sense when execting - everytime. I know, the market isn't always (or very often) sensible so common sense approach won't work. Well, it does and way more often than not. The biggest thing is knowing when you shouldn't be trading, when your not clear on what's happening and why.

People using Kramer or pundits like him are lazy, they aren't willing to do the work and are just looking for someone to say buy this, sell that and then magically make money. They usually learn pretty quick, at least the smart ones do - my friend stopped watching Kramer and swears loudly whenever he hears his name. If you aren't will to do the work then you shouldn't be in the market at all because you'll be fleeced over and over and over. Instead, find a safe way to save your funds (gold, art, jewelry, ??) and avoid the market all together.

I wonder how many trillions have been fleeced from 401ks and 403bs and IRAs and various other retirement investments that tend to use the buy and hold strategy. Seems like we have a crash every few years which sucks away all the previous years gains and then some, rinse repeat. Then you have Kramer helping to steal everybodies mad money! How 'bout that lightning round, can you think of a better way to validate a decision to buy or sell a stock? Prolly not, at least not without including the Kramermeister's blessings.

Ouch and Booyah!

Mon, 06/04/2012 - 18:52 | Link to Comment newengland
newengland's picture

Once upon a time, the Republic thought it was right for those in power and money to guide the people, instead of fleece them. 1776, and all that.

Of the people, for the people, by the people. Nostalgia, dontcha love it? Washington DC doesn't.

Britain, Europe, the former Soviet Union, the Far East are all stuck with their filthy overlords. Only the Constitution and Declaration of Independence gifts the U.S.A. the wherewithal to put people above corporatists.

Do that or lost it.

Mon, 06/04/2012 - 18:57 | Link to Comment newengland
newengland's picture

One is most displeased that the colonies rebel again against the courtiers such as Cramer, to wit this:

 

It is my unhappy task to relay the the following communication, overheard by the handlers of the Queen's most loyal confidantes, the Corgis.

HRH, Queen Elizabeth II, upon hearing the news of the downgrade was somewhat perplexed: 'Instruct Egon Ronay that he is to confine his ratings to restaurants. He is quite good at that.'

Courtier: 'Ma'am, there is another person named Egon.'

'Really? Why? It's an exotic name. That's enough tolerance,' said HRH, somewhat miffed.

'Ma'am, on this occasion of your Diamond Jubilee, and most gracious presence among the people and the media folk who do so desperately need a diversion from their serfdom ....I am sorry, Ma'am...but I must inform you that this person Egon is not a subject of the Crown.'

'Not a subject of the Crown?' Her Maj is not pleased. 'Rothschild.  What's he doing about this? He's been dispatched to deal with the colonies, again. With that chap Rockabilly.'

'Rockefeller, Ma'am. Yes...well...This may take longer. It's the Republic, you see. 1776, and all that. They...'.

'Yes. That's enough now,' as HRH ends this tiresome audience with a courtier, and gazes upon the happy crowds, so very relieved that they love their Monarchy, and Big Brother.

'Inform Egon that he is to review restaurants in future.'

'Yes, Ma'am,' as the courtier backs out of the room, and informs the Rothschild/Rockefellers of Her Majesty's displeasure at this somewhat unpleasant turn of events.

Million$bonus would understand this joke with a serious intent. Do you?

 

Mon, 06/04/2012 - 18:59 | Link to Comment penexpers
penexpers's picture

Don't be silly!

Mon, 06/04/2012 - 19:03 | Link to Comment Venerability
Venerability's picture

I wonder if various entities worldwide on the Long-Silver (and secondarily Long-Gold) "side" have not quietly but efficiently readjusted their algorithms in the wake of JPM's debacle.

Perhaps said algorithms are now somehow set to punish the DOGs' Alpha Bank, JPM - and its sidekicks Citi and MS - whenever they try to further pound Silver (and secondarily, in this case, Gold)???

Clearly, it might be a very, very good idea for DOG Alpha Bank, JPM, and its sidekicks to allow the Silver price to recover surely and not very slowly upwards through 30 again en route to 35-plus within the next couple of months.

Or so some - well, MANY - of us think.

 

 

Mon, 06/04/2012 - 19:16 | Link to Comment Zero Govt
Zero Govt's picture

"..Down 40% From Jim Cramer's "Dirt Cheap" Level."

pissed myself  :))))

Mon, 06/04/2012 - 19:38 | Link to Comment Chippewa Partners
Chippewa Partners's picture

"Jim Cramer is a charlatan.  He turns the serious issue of personal financial security into a complete joke.  There is nothing that comes out of James Cramer's mouth that allows people to make intelligent investment decisions."

A quote from David Swenson in the December/January 2009 issue of Worth magazine.  Mr. Swenson is the chief investment officer of Yale University. 

Mon, 06/04/2012 - 19:42 | Link to Comment newengland
newengland's picture

Then Mr Swenson is more liberated than the silly fools who beg JP Morgue, Goldman Sacks and other old world robber barons to spare them from the new feudalism.

It seems that Mr Swenson will speak, without fear or favour.

Mon, 06/04/2012 - 20:06 | Link to Comment geewhiz190
geewhiz190's picture

this guy and that network have done nothing but damage

Mon, 06/04/2012 - 20:08 | Link to Comment Tom Green Swedish
Tom Green Swedish's picture

Whenever I watch business news I'm always listening to Jim Cramer.

Mon, 06/04/2012 - 20:11 | Link to Comment MoskovietMosquito
MoskovietMosquito's picture

Seems like a lot of volume in Jan 13 5.0 puts.  TPTB knows this will be a $2.75 stock when it's all said and done.

Mon, 06/04/2012 - 20:31 | Link to Comment Shizzmoney
Shizzmoney's picture

Cramer one was a man who endorsed Lenny Dykstra as one of the "up-and-comers in the trading business" during the faux boom times of 2004-2006, on HBO's "Real Sports".

At the time, even *I* knew that was all I the information I needed, that the guy isn't legit. 

Mon, 06/04/2012 - 21:46 | Link to Comment Red Sole Shoes
Red Sole Shoes's picture

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Mon, 06/04/2012 - 21:51 | Link to Comment Billy Shears
Billy Shears's picture

Spoken like a true bucket shop zen master of bullshit. Complete sociopath, boo yah!

Mon, 06/04/2012 - 21:58 | Link to Comment Downtoolong
Downtoolong's picture

Just once, I would like to see Cramer admit the truth and come out on his show in a bozo the clown costume. The only thing I'll say to his creidit is that he's got the toughest job in the world; being a daily market reporter. Before you can type the headline you're wrong, and that's true for anyone who tries to do it.

Mon, 06/04/2012 - 22:00 | Link to Comment Red Sole Shoes
Red Sole Shoes's picture

 

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Mon, 06/04/2012 - 22:04 | Link to Comment zebrasquid
zebrasquid's picture

There had to arise a Cramer, given the Howard Sternization of much of America.

Both will be drawn and quartered in the coming American re-set.

Mon, 06/04/2012 - 22:14 | Link to Comment Red Sole Shoes
Red Sole Shoes's picture

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Tue, 06/05/2012 - 00:49 | Link to Comment Psy-T
Psy-T's picture

When $MS bought the retail division known as SmithWhatHappenedTOSollyBarney they attemted to entrench themselves ala MerrillLynched. But they too had scumbag management and 5 computer platforms along with 18000 broken brokers and 50% less support staff after their JuniorVarsityJointVenture. They should be shut down and Gorman should be deported back to Australia. I think he was planted here to fuck up Merrill, his predecessor to $MS and this turkey too. Name ONE socially responsible accomplishment from the Mack era of risk taking to the present. Go ahead, make my day

Tue, 06/05/2012 - 01:56 | Link to Comment q99x2
q99x2's picture

His bad calls are engraving themselves into his persona. He is starting to look like an evil clown instead of merely a goof-ball.

Tue, 06/05/2012 - 04:28 | Link to Comment poldark
poldark's picture

Anyone who invests on Cramer's advice deserves to lose their money.

Tue, 06/05/2012 - 08:15 | Link to Comment jaygould
jaygould's picture

why do u continue to quote jim cramer? of course he will remind u HE has a tv show; he compiled an enviable track record re: his hf; blah, blah, blah. HOWEVER, was his record that good, when considering......? what IS his viewer make-up? blah, blah, blah........

Tue, 06/05/2012 - 09:05 | Link to Comment dizzyfingers
dizzyfingers's picture

What would happen to TPTB if everyone stopped watching TV "news"?

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