Jim Cramer Flips Out At HuffPost Blogger Dan Solin On CNBC (VIDEO)

Dan Solin, regular HuffPost blogger and author of The Smartest 401k Book You'll Ever Read, appeared on CNBC's "Power Lunch" Friday and challenged the network for its "In Cramer We Trust" slogan.

When asked by CNBC's Brian Schactman about the best ways to save for retirement, Solin said , "One of the things that you could do instead is to give us more 'In Bogle we Trust' and much less 'In Cramer we Trust."

Cramer himself then stormed onto the show's set to defend himself and trash index funds, which Solin was advocating.

"In all due respect, the S&P is flat literally for ten years," Cramer said. "That's Jon Bogle's world. If you were to sell at 11,000 like I told you in September, 10,000 like I told you in December, and then get back in at 6,500, who wins? Is that so bad? Is that worth not trusting in?"

Cramer then got especially heated.

"I've had it with the people who tell me about the index fund," he screamed. "For ten years they've done nothing! For ten years! When do they get called on the carpet? When are they ever wrong? Do we have to wait another ten years? Enough of this! I've said my piece. Happy 20th!"

CNBC celebrated its 20th anniversary Friday by opening and closing the New York Stock Exchange.

Watch Cramer flip out on Solin below:

Watch the whole "Power Lunch" segment:

And, finally, watch the "In Cramer We Trust" promo below:

Comments

[BobEvansZombie]

Cramer is still fuming over the take down Jon Stewart slapped on his shiny forehead.

[ritenow]

Gee, I wonder why the general public is so ignorant. Could it be CNBC?!!!

These people have no sense of doing the right thing, they only know to do what Wall Street dictates.

[ron071]

ritenow is absolutely rite now! CNBC is a blight upon good investment information.

[NYCMami]

d i c k

it's so obviously an act

get him off TV

[mredder4]

Maybe Dan Solin could say 'Jon Bogle' a few more times, that would really help his case. Sorry, as much as Cramer is wrong, it's also hard to buy Solin's sell when all he's doing is hawking someone else's ideas. He didn't use his own arguments to back his case and instead appeared weak by constantly and repeatedly referencing Jon Bogle.

[in4success]

jim cramer...the original, literal "tea-bagger"

[potjustice]

Cramer proves the point that retirement should not be invested in the market.

HE says sell, he was right, thats what market speculators do, buy and sell. Buy low, sell high. Buy it all back again, drive it up, sell it all again. And around and round we go.

Retirement should be guaranteed, like football players initial contracts, not subject to the whims of a speculative market controlled by people to whom money can be printed out of thin air.

To get around for me to have more, you must have less, THEY PRINT MONEY. Devaluing it even further.

My problem with the teabaggers and the Paulists is WE NEED A GOVERNMENT. Social Welfare must become priority #1, not internatinal empire nor putting our heads in the sand.

All this was brought to you buy your corporate sponsers, after both Rosevelts reigned them in, the evil has burst forth once more.

Never forget, the right wingers among our grandparents WERE the ultimate incarnation of the ubernationalists who gave us Two World Wars, and whom for some reason (Christ) just can't seem to wait for #3

President Obama must become the next Rosevelt or we may be doomed.

[jeffp26]

Dan Solin is a great public servant, even though that's not his career.

Bravo Dan.

[Acebass]

Cramers ratings slipping?

[diva555]

No, as Cramer suggests, you should do your homework, (one hour each week for each stock you own) and on his show you may get ideas on how to manage your own money, how to avoid pitfalls, understanding the issues of the day such as mortgage derivitaves, credit default swaps, excessive leverage and how they all caused the market to blow up, and that just going out and buying and holding index funds or anything for that matter, and not staying involved, can be injurious to your bank account and retirement account. This is what Cramer proposes that you trust in. Yourself. Learn and be educated about your choices. After Cramer chose not to engage Jon Stewart, everyone has assumed (who doesn't know his show) that he is out to screw people or part of an elaborate CNBC plot. That is riduculous. He advised selling at certain points during the crash which would have saved people money. He did not officially call the bottom like he did correctly in 1987. You are wrong that Cramers advice during the crash would have caused damage...just the opposite.

[MaryscottOConnor]

WHY has CNBC not cut bait with this freak, already?

[mayday ascension]

Ratings.

[LMPE]

Poor Jim Cramer. Ever since Jon Stewart tore him a new one, he's been practically choleric.

[ccsammy]

cnbc hasnt Cramer done enough damage fro yuo on huffingtyon post alone 3 days ofBS time to get rid of him and low ratings and thne fire Santelli and Jim Keren to of squwack box ,maybe you w=wwil lget viewers back ,lowest rating even ob box and Cramer look?????????????

[PresidentRobertBooth]

If they aren't telling people to base their financial decisions on Cramer, then why use a slogan saying "In Cramer We Trust?"

[DrFuManchu350]

I don't understand all the Cramer basing lately. He tells you that he's about educating investors and Never tells someone to base their financial future on his show. I watch it all the time and it's just that, a show! You take what you want from it and leave the rest. I will say he's right more often than not

[Ryoki]

These clowns are not on TV to make you money. They're on TV to make their sponsers and themselfs money. Nothing else.

[onenation]

Question? Did Cramer run a winning hedge fund? and now another fund? Not to equivalance them, Carmer WAS and Dillan IS and I think Dillan is much better, but Cramer and Dillan both actually RUN a business.
Save me from the talking pretty faces and authoritative sounds.

[Mattatat]

Yes, his fund was very successful. He is a millionaire many, many times over.

He doesn't need to go out and speak truth to power, yet he does. He could very easily simply sit on a chair on some beach somewhere.

[Tperl]

and if you do a you tube search he explains how he manipulated the markets for his own personal gain also. The guy is a sham. Only in it for himself. He cheerleaded us down the road to destruction and then washed his hands and said he was not responsible.

Jon Stewart did the right thing in taking Cramer and the other cheerleaders down a peg.

[NYCIC]

Wait a minute, you call that stooge's schtick "speaking truth to power"? I don't even know what to do with such a statement.

[SurrealPumpkin]

Cramer admits that his hedge fund was successful because he manipulated the market.

[Mattatat]

oh really? You speak like you know what you're talking about.

How, EXACTLY, does one person manipulate the entire U.S. stock market?

And no using Cramer's YouTube video to expand your vernacular. Explain to us in your own words exactly how that might work.

[potjustice]

Yeah, the short sell king

[diva555]

Yes, Cramer ran a successfuly hedge fund, made millions for his clients (including calling the 87 crash) and DOES NOT have a hedge fund or do any personal trading or have any clients now. He is allowed to have his charitable trust which he constantly discloses but since he's been doing a television show for 5 years, it would be a conflict of interest to have any other trading or investment situations.