Should You Avoid Jim Cramer?

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.

I don't like to watch people that yell. I hated it at my cousin's church, I hate it on TV, and I hate it in real life. So I avoid watching Cramer like the plague.

A funny thing about life . . .

Most actions carry their own consequences.

That is certainly true for the loyal followers of Jim Cramer: So how's that Bears Stearns Stock doing?

I'm just lovin' how every known neo-con on HuffPo is posting on this blog today to support Kramer.

He's brilliant, he's a genius, he's rich, OOOO OOOO--and he has Degrees! Doesn't stop him from being a carny side show shill and part of the great American rip off that IS the current administration and its Wall Street handlers.

But it is fun to watch all you Republicans jump to his defense. Ok, you can start jumping........Now!

As I understand it on 3/11/08 the "Oracle" was reported to have said: "No, no, no! Bear Stearns is fine! Do not take your money out. If there's one takeaway... Bear Stearns is not in trouble. If anything, they're more likely to be taken over. Don't move your money from Bear! That's just being silly." So-o-o-o Should we avoid Cramer? Hmmm. That's a toughie.

I got out of the market long ago except for my IRA which is invested in utility preferred stocks and other instruments yielding as high as 7%; so far, so good.

In 1986 I began buying US Liberty Head Double Eagles and every year since. I firmly believe the way to buy gold, if you are going to, is collectible US coins, British Sovereigns, Swiss or French 20 Francs or other small denomination foreign coins. Small denomination US gold such as $5 and $10 coins carry a heavy premium and many 18th century foreign gold coins sell close to bullion and are easy to resell.

Be aware, however, that the gold market is not an entirely free market. Banking authorities around the world can and may soon begin buying dollars to prop up the declining greenback; they have, in the past , sold tons of gold to keep the price under their control. After all, gold is money and governments feel threatened if you put your money in something that will eventually be beyond their control. They want your money in stocks and bonds because money and credit, lots of it, keep the markets energized.

Invest today at your own risk as always, but the risks are much higher today. The safest place is a tax-exempt money market fund. I like tax-exempt because I know my investment is not helping to finance the Iraqi occupation.

Goldbug

god, that guy is like electoshock therapy to the testicles. he's also an idiot. "hold on to those bear stearns shares." yeah, right.

I have no trust in bald men.
But this bozo is really pathetic.
Hell, I would rather be fucked by a sloth!
Peace!!!!!

No one gets it right 100% of the time.
I read his columns but he is just such a schmuck on his show that I will not watch him.

Not that it matters, but I'm going to stake my reputation as a life-long liberal and a long-time Wall Street cynic to say this: Jim Cramer's a good guy. He's a straight talker and a straight shooter. Take your cheap shots if it makes you feel better, but pay a visit to Cramer's Wall of Shame if you don't think he doesn't share some important values with you.

People who drink snake oil are going to get sick.

"Nuff said.