Joined: Nov 11, 2007 Posts: 110 Location: Portland metro, Oregon
Posted: Thu May 22, 2008 6:12 pm Post subject: Re: Jim Cramer acknowledges that "we are simply tapped
Jim Cramer is a complete piece of crap who lacks any credibility at all.
As my wife was getting ready for work this morning, she had the "Today" show on. I don't watch the show, but it got my attention quick because Matt Lauer played part of the Hirsch CNBC clip and then asked Cramer if Hirsch was for real or an alarmist. Without missing a beat, Cramer blew off Hirsch as an "alarmist", without any explanation at all that he is the principal author of the US Government's most comprehensive study on peak oil and its mitigation. Hirsch is about as credible as it gets on PO, yet he was treated like just another trader-type schmuck by Cramer.
I was instantly pissed. Not only was Cramer irresponsible and likely to cause many people to go back to sleep and thus loose their asses financially, IMHO what he did may end up costing people their lives. The stakes of PO are far too high for so-called "experts" like Cramer to be allowed to get away with spinning and selling their bullshit BAU stories, particularly by glibly slamming a true studied expert on the subject.
I hope Cramer reads this - he needs to hear what a shallow dishonest piece of crap he is from someone.
Fark Cramer.
And Fark Matt Lauer for tossing him such a loaded, dismissive question in the first place.
They are both shills for the machine, ignorant and unworthy of their positions on our airwaves...but certainly worthy of any zombie BBQ.
Edit: I watched the clip posted by the OP, and it's obviously the same interview I described above. Cramer's still a piece of crap. He's talking out of both sides of his face in the same interview. He says we're out of "it", but yet doesn't think the price can pass $200?
Like I said, no credibility, just a corporate mouthpiece to put a little salve on the wounded consumer and try to keep the game going.
Posted: Thu May 22, 2008 9:19 pm Post subject: Re: Jim Cramer acknowledges that "we are simply tapped
Watching CNBC is like being bipolar. Do you know how many times Cramer said we are in a oil bubble? Do you know he just suggested to buy an oil company stock when it comes down a little? I wouldn't hate Cramer too much, the guy reads from a script. I mean don't you think it is odd that CNBC has a full day of market survival guide on the two worst days of the dow. The timing is amazing, just utterly amazing, impeccable even.
Joined: Oct 25, 2004 Posts: 1331 Location: Stalag 13
Posted: Mon Jul 14, 2008 9:20 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
Here's another video after Cramer made his disastrous Bear Stearns prediction: link Pump and dump all the way. $$$$$ What an interview. Talk about spin.
Joined: Oct 23, 2004 Posts: 5905 Location: New Jersey
Posted: Mon Jul 14, 2008 9:23 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
Cramer benefited greatly from thestreet.com, which later became one of the most spectacular and swiftist crashes of an internet stock. Judge him for yourself.He pumped it all the way down.
Quote:
TheStreet.com Threatens to Cancel Program in a Dispute With Fox By FLOYD NORRIS Published: May 18, 2000
When James J. Cramer, the co-founder of TheStreet.com, went on TheStreet.com's cable television program and plugged TheStreet.com's own stock, he set off a battle over the ethics of stock promotion that may result in cancellation of the program.
In a highly unusual war of news releases yesterday, TheStreet.com announced that it was canceling its program, which appears each weekend on the Fox News Channel, a cable channel. Fox fired back that TheStreet.com had no right to cancel it, and TheStreet.com relented and said it would keep producing the program for an undetermined period.
The dispute was set off by a program taped April 14 and broadcast April 15, the weekend after the Nasdaq stock market suffered its worst day ever. Mr. Cramer, who is a hedge-fund manager as well as a commentator for TheStreet.com, mentioned a number of stocks, including the American Home Products Corporation, which he said was his biggest stock position and one he was buying.
Then, after a commercial, Mr. Cramer was asked for another forecast. He replied, ''Stock that's near and dear to my heart that I own a lot of is stock called TheStreet.com. I've watched it go from $70 to $5. I think it's done going down because it's got $4.75 in cash.''
NY Times _________________ It's already over, now it's just a matter of adjusting.
Joined: May 06, 2006 Posts: 873 Location: Tustin, CA
Posted: Mon Jul 14, 2008 9:53 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
Anytime I see this guy I get this picture of a Dan Dorfman on meth. I have no idea why people listen to him. _________________ Skeptical scrutiny in both Science and Religion is the means by which deep thoughts are winnowed from deep nonsense-Carl Sagan
Posted: Mon Jul 14, 2008 11:29 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
SILENTTODD wrote:
Anytime I see this guy I get this picture of a Dan Dorfman on meth. I have no idea why people listen to him.
I have this theory that MOST people like being told what to do.
They like the idea of someone more powerful, smarter, more experienced lead the way for them.
It's much easier to let someone else do the thinking for you and just follow along.
And if this "authority figure" leads his followers to success then who would complain?
Nobody ever complains on the way up!
I've noticed that people may be very *individualistic* when it comes to things like the clothes they wear or what music they listen too but when it comes to making financial / investment decisions MOST people are nothing more than submissive sheep. It may sound insulting but it's the naked truth. How else can you explain the myriad number of *investment* shows where "authority figures" tell people where to put there hard earned money!
NO THANK YOU
Feast or Famine my fate will be chosen by my own hand and not some talking head on TV.
Posted: Mon Jul 14, 2008 11:39 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
cube wrote:
I have this theory that MOST people like being told what to do.
Yeah, I would say in the extend of 95% of the population.
Quote:
They like the idea of someone more powerful, smarter, more experienced lead the way for them.
It's much easier to let someone else do the thinking for you and just follow along. And if this "authority figure" leads his followers to success then who would complain?
Nobody ever complains on the way up!
It's inherit lazyness. Why think for yourself if someone can tell you what to do?
A good example happened this weekend in Germany, there was an extreme Marathon across the Zugspitze (the highest Mountain in the country), well, the weather turned, two guys died (probably hyptherima). The kicker? Most of those morons started the run in t-shirt and shorts and even though the weather advisor was bad not even the top people seem to have botherd with the right clothing. The "funny" thing is that now AFTER the fact they talk about sueing the promoter because he didn't prevent people from (literally) killing themselves.
If people can't even use their brain when it comes to things like clothing, what do you expect with way more complex things?
Quote:
I've noticed that people may be very *individualistic* when it comes to things like the clothes they wear or what music they listen too but when it comes to making financial / investment decisions MOST people are nothing more than submissive sheep
There is no (real) individualism. People even in their clothing and music styles follow the group they belong to. Sure, there may be the punk that listens to Mozart, but the majority won't.
Quote:
It may sound insulting but it's the naked truth. How else can you explain the myriad number of *investment* shows where "authority figures" tell people where to put there hard earned money! NO THANK YOU Feast or Famine my fate will be chosen by my own hand and not some talking head on TV.
Yes, but I am sure you rely on other information and input and even tough you may not conciously make a choice based on their recommendation it WILL factor in.
Joined: Nov 03, 2007 Posts: 195 Location: cascadia
Posted: Tue Jul 15, 2008 1:36 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
cube wrote:
I have this theory that MOST people like being told what to do. They like the idea of someone more powerful, smarter, more experienced lead the way for them.
This is a good point, and I can see many of reasons for believing it. But I suspect that it may be deeper than that. I think it may not be about authority per se, it's about abstract reasoning: most people can't do it. And even if they could, the market is about the most unpredictable conceptual entity ever created, so they could perhaps be forgiven for making a mistake from time to time. But Cramer, just flat out lying to folks... well that takes a special type of criminal.
Posted: Tue Jul 15, 2008 1:52 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
Snowrunner wrote:
Quote:
It may sound insulting but it's the naked truth. How else can you explain the myriad number of *investment* shows where "authority figures" tell people where to put there hard earned money! NO THANK YOU. Feast or Famine my fate will be chosen by my own hand and not some talking head on TV.
Yes, but I am sure you rely on other information and input and even tough you may not conciously make a choice based on their recommendation it WILL factor in.
oooh now that's interesting.
maybe deep down inside *subconsciously* speaking I'm just a "follower" too but I just don't know it!
I don't mind listening to other people's opinions but I think there's a fine line between someone simply voicing their opinion and leading the sheeple out to slaughter.
I think Cramer has crossed that line. I have no respect for him.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
