Jim Cramer: I Get Death Threats From Irate CNBC Viewers

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Silicon Alley Insider   |  Henry Blodget   |   April 4, 2008 12:11 PM


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Some CNBC viewers express their loathing of Jim Cramer by threatening to kill him, Cramer says. Having gotten some death threats of our own back in the day, we find this very easy to believe.

You can't open your mouth as an analyst/commentator without pissing someone off, and no matter what you say, a certain species of near-human will occasionally react by threatening to kill you:

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- ROBOT8 See Profile I'm a Fan of ROBOT8

HE'S NOT AN ANALIST OR AN EXPERT!!!!!!!!!! HE'S JUST ANOTHER MOUTH FOR CORPORATE CRIMINALS"If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, THE TRUTH IS THE GREATEST ENEMY OF THE STATE." -- Joseph Goebbels, German Minister of Propaganda, 1933-1945

    Favorite    Flag as abusive Posted 08:24 AM on 04/07/2008
- tombollocks See Profile I'm a Fan of tombollocks

If you're getting death threats, its due to your personality and looks. You are a pool of catsick, nothing more. Your crappy advice is not enough for you to receive death threats. Again, it is because you're an over-animated troll in personality.

    Favorite    Flag as abusive Posted 08:41 AM on 04/06/2008
- JustObserving See Profile I'm a Fan of JustObserving

It's no surprise that people are angry with Cramer. Here is his record from Jan 2007 as provided by Seeking Alpha:

"The research is straightforward enough. I looked up the recap of Mad Money Lighting Round at Seeking Alpha and tabulated Jim Cramer"s bullish and bearish calls. I then calculated one-year returns from the second (market) day he made the calls.

Bullish: If a bullish call has a one year return higher than that of the S&P 500, it is a right call. If not, it"s a wrong call.

Bearish: If a bearish call has a one year return lower than the S&P 500, it is a right call. Otherwise it"s a wrong call.

I calculated the accuracy of his calls by this formula: Accuracy = right call/all calls. I also determined what return a loyal Cramer follower would have made if he/she had bought all of his bullish calls and sold all of his bearish calls.

In January of 2007, Jim Cramer made a total of 194 bullish calls and 123 bearish calls. Out of the 194 bullish calls, 60 are right calls. Out of the 123 bearish calls, 53 are right calls. The accuracy of Jim Cramer"s bullish calls is 30.93% and that of his bearish calls is 43.1%. The combined accuracy is 35.6%. "

Even a coin flip will get you 50% right. Cramer is without peer as a contrary indicator.

    Favorite    Flag as abusive Posted 06:49 PM on 04/05/2008
- WIpatriot See Profile I'm a Fan of WIpatriot

Wow, JustO, a lotta work to prove what we pretty much know.

Thanks for that!

    Favorite    Flag as abusive Posted 10:33 PM on 04/06/2008
- LivingStardust See Profile I'm a Fan of LivingStardust

Hey, Cramer! I saw a huge stack of your book in the bargain bin in B&N this morning. I suggest you get used to that.

    Favorite    Flag as abusive Posted 06:48 PM on 04/05/2008
- smokeystover39 See Profile I'm a Fan of smokeystover39

Why waste any anger on this loud mouthed cretin? Folks who lost their shirts based on his "advice" may take care of this *rick with suitable legal action, meantime the rest of us can eliminate his noise with a simple click of the remote.

    Favorite    Flag as abusive Posted 03:32 PM on 04/05/2008
- TurgidCaterwauling See Profile I'm a Fan of TurgidCaterwauling

By the time investment recommendations hit the internet and the cable shows, it's already too late for the average person to profit. Blowhards such as Cramer can sustain hundreds of thousands in losses and not have their portfolios terribly threatened, whereas the average person can be drastically affected by losses of a couple of thousand dollars. Getting good information is virtually impossible.
Oh, sure we get the diversification crap preached to us, but the reality is a consistently tanking stock market offers no security. But my favorites have to be CNN headlines such as "How the Economy is Affecting You" or programs such as Gerri's Tips. Just in case you didn't know, shop around for lower priced gas, lower rate credit cards, pay-off the high interest loans and cards first, cut back on going out to eat...... Wow, thanks for the good advice. Who knew?

It would nice to get news without spin and economic advice that is meaningful.

    Favorite    Flag as abusive Posted 02:48 PM on 04/05/2008
- VivaZapata See Profile I'm a Fan of VivaZapata

Cramer is no more full of it than any of the other business pundits----and no less. They get emphatic about hunches which are often misleading out of ignorance or a desire to steer the market in a given direction. Do not listen to these monkeys.

    Favorite    Flag as abusive Posted 05:54 AM on 04/05/2008
- Manx See Profile I'm a Fan of Manx

I'm surprised that anyone would threaten a comedian.

    Favorite    Flag as abusive Posted 04:49 PM on 04/04/2008
- LivingStardust See Profile I'm a Fan of LivingStardust

Did you ever catch Andy Kaufman's act? I think you'll find your answer there.

    Favorite    Flag as abusive Posted 08:19 PM on 04/04/2008
- Jeremiah256 See Profile I'm a Fan of Jeremiah256

Manx, LivingStardust - it's not nice to make coffee spew from my nose twice in a row!!!

    Favorite    Flag as abusive Posted 01:45 PM on 04/05/2008
- Knowbetter See Profile I'm a Fan of Knowbetter

Free advice is usually worth every penny.

    Favorite    Flag as abusive Posted 04:07 PM on 04/04/2008
- mrcd See Profile I'm a Fan of mrcd

SO!

    Favorite    Flag as abusive Posted 04:04 PM on 04/04/2008
- danceswithyids See Profile I'm a Fan of danceswithyids

I am shocked at the posts on this page.
It is quite clear that nobody actually knows squat about Cramer and his history in investing.
People saying, "I can't believe people listen to this idiot."
I question these people's knowledge of the lexicon, because idiot is not apt.
And just an fyi, it is advice not advise.

    Favorite    Flag as abusive Posted 02:51 PM on 04/04/2008
- Jason357 See Profile I'm a Fan of Jason357

You obviously haven't heard Cramer bragging about how he and other fund managers game the system to maximize profits. Hell, with computer trading programs and insider trading, I could get 30 million dollars too. Seth Tobias and Cramer were super close. Tobias had about 30 million dollars and wasn't even proficient enough to arrange protection of estate. None of those guys are real businessmen. Speculators and new rich who are about 1 generatin from sleeping on dirt floors.

Cramer's obviously hurting for audience. CNBC has really been pushing him and having him appear. Cramer was saying how sound Bear Stearns was about 3 days before the company collapsed. Now, he's trying to say it all happened overnight, or that he was talking about other than common stock. He later said he wasn't about to say anything that'd be labeled as a run on a bank that he caused.

    Favorite    Flag as abusive Posted 01:01 PM on 04/05/2008
- kroses98 See Profile I'm a Fan of kroses98

It's emotional, not intellectual. I don't think it's what he says, but how he says it. He is loud and angry. He incurs anger by his own demeanor. I can imagine those who are unstable, acting out some angry fantasy toward him, just because of his angry tone. He should change it. I cannot tolerate watching him, and I can see why some might have that reaction.

    Favorite    Flag as abusive Posted 03:49 AM on 04/05/2008
- bikerdude See Profile I'm a Fan of bikerdude

I'd swap portfolios with Cramer. When they talk about the smartest guy in the room, more often than not it would be Cramer.

    Favorite    Flag as abusive Posted 04:19 PM on 04/04/2008
- WIpatriot See Profile I'm a Fan of WIpatriot

If Cramer's IQ is 101 or better, you would be correct.

    Favorite    Flag as abusive Posted 09:50 PM on 04/04/2008
- LivingStardust See Profile I'm a Fan of LivingStardust

You and I, we're not in the same rooms I am thinking.

    Favorite    Flag as abusive Posted 08:20 PM on 04/04/2008
- jsinclair See Profile I'm a Fan of jsinclair

And he still bald-facedly gives bad advice knowing it's messing with people's life savings! (Bears Stearns, anyone?)

Death threats are wrong, of course. But he's an idiot too if he doesn't admit that the reason he even has a show IS because he's giving investment advice for people to take. Like it or not, there IS some responsibility there.

    Favorite    Flag as abusive Posted 02:41 PM on 04/04/2008
- danceswithyids See Profile I'm a Fan of danceswithyids

Aren't the people following his advice the one's messing with their life savings.
Take some god damn responsibility, Americans.
Good God.
This is exactly why social security should not be put in the peoples' hands to invest themselves.

    Favorite    Flag as abusive Posted 02:54 PM on 04/04/2008
- bikerdude See Profile I'm a Fan of bikerdude

Excellent point, danceswith...
If you decide to take advice from someone like Cramer, take all of it. Its your money, you decide.

    Favorite    Flag as abusive Posted 04:21 PM on 04/04/2008
- LoRiseAntlers See Profile I'm a Fan of LoRiseAntlers

If this is true,all I can say any moron who would follow this idiot's advice isn't very stable to begin with.

    Favorite    Flag as abusive Posted 02:30 PM on 04/04/2008
- Jason357 See Profile I'm a Fan of Jason357

I have to admit that after a hard day, I sometimes enjoy spoofing the morons who call in with their booyahs. I still think Cramer has a basement full of homeless people reading scripts and taking turns calling in, "Ssssstttuttering bbbbbooooyah from the great state of Idiocy."

    Favorite    Flag as abusive Posted 09:39 AM on 04/06/2008
- JaneaneTheAcerbicGoblin See Profile I'm a Fan of JaneaneTheAcerbicGoblin

He's almost always wrong on his predictions. He's the Glenn Beck of the financial world.

Personally, I doubt he gets death threats.

    Favorite    Flag as abusive Posted 02:29 PM on 04/04/2008
- LivingStardust See Profile I'm a Fan of LivingStardust

Best laugh all day. Thanks!

    Favorite    Flag as abusive Posted 02:42 PM on 04/04/2008
- JaneaneTheAcerbicGoblin See Profile I'm a Fan of JaneaneTheAcerbicGoblin

Jim is a poster boy for what's wrong with TV. He's smarmy, in-your-face, obnoxious, and over the top. It's done to mask that there is actually no substance whatsoever to the guy. He's like a tacky, obnoxious car salesman you would see on a late night TV commercial.

    Favorite    Flag as abusive Posted 02:27 PM on 04/04/2008
- PistonMoaned See Profile I'm a Fan of PistonMoaned

The first time I saw him, within 1 minute I was all done with him.

He reminds me of the guy setting fire to car hoods to sell overpriced wax on infomercials.

    Favorite    Flag as abusive Posted 02:53 PM on 04/04/2008
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