The Jim Cramer Thread (merged)

eastbay · Posted: Fri Apr 29, 2005 4:31 pm Post subject: The Jim Cramer Thread (merged)

... is right now sweating and SCREAMING at his audience to buy oil related stocks right now because, according to him, the high 40's we see today is a DIP which will not last.
This guy is really fun to watch.
EastBay

Stoic · Tar Sands Joined: Apr 05, 2005 Posts: 25

I wonder how many people have lost life savings listening to that guy. Actually, in this case I think he is right, in the long run the price of oil will probably continue to increase as demand increases and supply decreases. But, aside from this one instance, I regard Cramer as a market manipulator and a conman.

airstrip1 · Heavy Crude Joined: Aug 15, 2004 Posts: 311

Cramer is a pimp. If he says buy then its time to sell.

savethehumans · Light Sweet Crude Joined: Oct 20, 2004 Posts: 1541

We are on the verge of Summer Driving Season in the US. This means all those vehicles are off on vacation. More gasoline will be needed. Thus, more OIL will be needed. There won't be enough oil. Not to fill our American gas guzzlers!
The dip to the high $40s was just to say goodbye. . . .

gt1370a · Heavy Crude Joined: Apr 02, 2005 Posts: 346

I saw this article posted but didn't see a forum discussion on it:
http://www.theoildrum.com/story/2005/9/9/152637/4302

So now Jim Cramer is looking for $100 oil. I wonder if now is really a start of a "bubble" in oil. The $100 oil may become a self-fulfilling prophecy if there is "bubble buying" like with real estate and tech stocks. I don't think this has happened yet - even Goldman Sachs said speculative buying only affected the day-to-day noise but not the overall trend. What would be a good indicator of this? P/E ratios for the oil majors going above 20? What would tell you oil was in a bubble vs. a supply/demand driven high price?

SD_Scott

He's on right now. I saw it earlier today and he is totally on board with Simmons. He admitted that he was wrong about it and spoke very strongly about that and the upcoming gas crisis.

dinopello

Oh my god, he's doing the milk cost analogy in detail... Did he just take the red pill?
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"Everybody knows how the zeitgeist can blind the awareness of mankind during entire periods, even if the truths are evident beyond all doubt." -Dr Joachim Langhein

MicroHydro · Light Sweet Crude Joined: Apr 10, 2005 Posts: 1286

SD_Scott

He nailed it bigtime. He's enlightened. He called the natural gas crisis "criminal"! He also publicly admitted he was dead wrong. Good on him.

Shadizar · Heavy Crude Joined: Jul 24, 2005 Posts: 181

I just caught the show. I have to say, my respect for him has gone up dramatically!

-Shadizar

MattSavinar · Elite Joined: May 09, 2004 Posts: 1999

some_guy282 · Intermediate Crude Joined: Jul 18, 2004 Posts: 691

I'd love to see some video of this. Don't suppose anyone taped it?

As Kramer would say..."Booya!"
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In individuals, insanity is rare; but in groups, parties, nations, and epochs it is the rule. – Nietzsche

Time makes more converts than reason. – Thomas Paine

History is a set of lies agreed upon. – Napoleon Bonaparte

FoxV

falser

I have it recorded but I'm way too lazy to edit/compress and find webspace for it.

This is a huge event in the world of the stock markets. A guy with a voice as loud as Cramer's can reach a long way.

strider3700

link
It looks like it was on at the start of the show? I missed the first half hour and there isn't much time left
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shame on us, doomed from the start
god have mercy on our dirty little hearts