Just cause someone opens their mouth does not mean you have to listen.

Answer: Yes.

I thought that his show was a parody. You mean that people actually take advice from that moron?

I make it a point to never take investment advice from a raving lunatic.

He's an entertainer--nothing more.

People who actually read Cramer's books and use his knowledge and guidance as one part of their investing knowledge can benefit from Cramer's knowledge. The PROBLEM is that too many people watch his show - go out and buy stocks - without understanding what Cramer is telling them - nor do they actually do what Cramer says to do - that is part of the problem. If you listen to Cramer and buy a stock - without doing at least a few hours of research yourself on the stock and truly understand what the company does - how it does it, etc... - then you are not following Cramer's advice.

This is a BS story through and through. This is slander against Cramer, who would be the FIRST to tell you not to watch his shows looking for stock tips or in soundbytes.

Cramer said THAT BEARS LIQUIDITY, IE ability to give you back your cash or other assets when asked, is fine. He said the STOCK was almost worthless. The headline should read CRAMER IS %100 right about BEAR!!!!!

Anyone who does not know the difference ought to refrain from comment.

A monkey does a better job throwing darts at the stock page of a newspaper.

Cramer lied when he said "Don't take your money out of Bears Stearns" just meant out of their...bank. Clearly, he has been supporting the stock for some time, at least as a reasonable risk. If I were him, I would feel terrible about the people who have lost their money because of trusting his advice. You might say, "That's silly to do", but....that's what his program is all about. HE'S disingenuous (at best) if he turns around and blames the investors who listened to him. I don't know how he shows his face after this.

Professionals in the business don't listen to Cramer, only the most ignorant of the public does. Sorry, but he's just a blowhard out to increase his own net worth. He's not even on the radar for my fellow traders and I. If you actually take him seriously, you deserve what you get.

It's seems everyone's out for a fast buck, but people who really know the markets aren't so reckless. It's all about steady returns and keeping your capital to live another day.

Barron's (August 20, 2007) ran its cover story about Cramer with this byline: "Crazy antics aside, CNBC superstar Jim Cramer's stock picks can't seem to beat the Dow. In fact, his viewers would be better off putting their money in an index fund." nuf said? read the whole story and make up your own mind.

I enjoy his antic personality from an entertainment standpoint, but the man clearly has a chemical imbalance. He carries bottles (PLURAL!) of pills with him for Pete's sake. And will he stop with all the boo-yahing? Leave the boo-yahs to Steve Ballmer.

Any idiot can make millions in an up market. All you need is billions in other people's money to invest, and they won't mind because they are making money too.

Shows like his are barely ahead of the shysters selling day-trading seminars for tens of thousands of dollars with promises of ordinary dumbasses being able to give up their jobs.

The vast majority of his listeners should NOT be trying to pick and play individual stocks. They simply do not have the money to be sufficiently diversified and still be efficient in their trading costs. And they do not have the agility to be successfull in timing the market.

No matter how many times I say it, people don't seem to listen: He was NOT talking about Bear Stearns stock in that sound byte you heard. The caller was asking about money that the caller had IN Bear Stearns as a bank account (which is not FDIC insured because Bear Stearns leverages too much risk). We're talking about, basically, a checking account here--NOT stock. Cramer said, correctly, that the money would not be lost because there would be no way Bear Stearns would just go away.

HuffPost's Pick

The only one who cares about your money is you. Forget the guru's.
Peter Lynch of Fidelity Magellan Fund fame recommends taking your wife down to the supermarket. Then ask her which products are good. You'll be way ahead of analysts who pour over tricked up company reports.