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2007's Most Unhinged Wall Street Moments

Wall Street Journal   |  David Gaffen   |   December 28, 2007 03:49 PM

Read More: Al Lord, Cnbc, Countrywide Financial, Jim Cramer, John Mackey, MarketBeat, Sallie Mae, Whole Foods, Wild Oats, Zimbabwe Inflation, Breaking Business News
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A year filled with credit-market turmoil, eight-figure write-downs from the nation's largest financial institutions, shaky guidance from the Federal Reserve and a large falloff in economic activity can't help but fray some emotions at times.

So MarketBeat is taking a look back at a few of the year's most unhinged moments that emanated from Wall Street. Oddly enough, none of these feature Overstock.com's quixotic CEO, Patrick Byrne, which shows what kind of nutty year it was.

Jim Cramer gets serious.
1. Highlighting a freakout from James Cramer seems almost unfair - the guy operates on a level of adrenaline that most people couldn't produce if they were running from hired killers -- but this one can't be ignored. Just a month or so after pooh-poohing the subprime crisis, the CNBC and Street.com commentator pitched a fit on CNBC, going on about how the Federal Reserve had no idea what it was doing and singling out comments by William Poole (the St. Louis Fed President) as particularly "shameful." The Fed, interestingly, cut the discount rate not long after, which will only encourage Mr. Cramer.

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- realnoia I'm a Fan of realnoia permalink

I remember Erin's reaction to Cramer...Hands to mouth, oh my, my my!! The young lady was sooo upset at this "unconservative, ungentlemanly" outburst. She reacted like she was going to
call Daddy...whoever daddy might be these
days.

On the set Cramer stands to one side she to the other while the camera makes it look like they
are looking at each other.

I like it when she fills in on Fast Money.
They do not like her AND THEY LET HER KNOW IT.

    Favorite    Flag as abusive Posted 02:55 AM on 12/30/2007
- NewRiver I'm a Fan of NewRiver permalink
photo

Here's hoping in 2008 we get a lot MORE of Smokin' Erin Burnett and a lot LESS of Screaming Jim Cramer.

    Favorite    Flag as abusive Posted 07:26 PM on 12/29/2007
- ajax2 I'm a Fan of ajax2 permalink
photo

Cramer makes my list. It was a treat to see the phony phree marketeeer cry for a government bail-out. Milton would be turning in his grave.

    Favorite    Flag as abusive Posted 05:11 PM on 12/29/2007
- samuraijack I'm a Fan of samuraijack permalink

I'd like to see a moratorium on business "news" unless and until the bastard stockbrokers start jumping from windowsills due to some steep plunge in stock prices. Then I want photographs. Jack Out.

    Favorite    Flag as abusive Posted 03:24 PM on 12/29/2007
- Justinpassing I'm a Fan of Justinpassing permalink

I cramer epitomizes the abuse of performance enhancement of some mystical sort. what could it be.... and lets have George Mitchell find out just how prolific it is through-out Wall Street, K-Street,,,,,and yes even PENNSYLVANIA AVENUE!!!!!! It would be the most logical reason for the staggering deterioration of this Nation.... in fact, it fits like a straw inanostril....don't it.

    Favorite    Flag as abusive Posted 07:41 PM on 12/28/2007
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