Joined: Sep 19, 2007 Posts: 1091 Location: Land of the Tongva tribe
Posted: Tue Jul 15, 2008 8:01 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
alpha480v wrote:
Anyone who listens to this guy deserves to lose their money.
Well I have made decent money listening to him and so have tons of other people. He does give good advice on homework, homework, homework.... _________________ ENERGY is the basis of our industrial civilization and sustains our standard of living. It is the foundation stone of our national wealth. A nation starved of energy.....will be a nation of starving people.
Posted: Tue Jul 15, 2008 8:54 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
cube wrote:
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.
Even people who don't usually follow can be convinced to do so if things are presented in a certain way. Cramers yelling and "know it all" attitude will probably get more people who usually wouldn't follow.
If the guy is actually right a few times his cred even goes up, and once people have decided to follow someone they aren't that willing to "give it up".
Posted: Tue Jul 15, 2008 4:46 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
This past Sunday I saw him on an NBC show called "The American Dream" that was broadcast at the Charlotte Speedway. Unfortunately he seems to be getting more popular with the "Sheeple" day by day. Oh well, by far he is not the largest or greatest con-man in history, look at all the religions of the world (yes I am an atheist) and how many followers they total and how much money they just give away to their church/organization...by the way most "churches" are cults too. _________________ Every action has an opposite and equal reaction.
Joined: Jan 29, 2005 Posts: 308 Location: Western NY
Posted: Tue Jul 15, 2008 4:56 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
joeltrout wrote:
alpha480v wrote:
Anyone who listens to this guy deserves to lose their money.
Well I have made decent money listening to him and so have tons of other people. He does give good advice on homework, homework, homework.
Good for you. But I'm sure there have been many others that have lost money because of him. Probably thousands as these two videos have shown. One week he's pushing certain stocks and the next week scolding people for buying them? What's up with that? You told the sheeple to buy these!
Bottom line is to use due diligence and research a stock before you buy it. I don't need some TV clown to tell me what to buy. I know how to read a stock report.
Joined: Sep 19, 2007 Posts: 1091 Location: Land of the Tongva tribe
Posted: Wed Jul 16, 2008 10:08 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
alpha480v wrote:
Bottom line is to use due diligence and research a stock before you buy it. I don't need some TV clown to tell me what to buy. I know how to read a stock report.
Those are almost Cramer's exact words. He tells people almost every show not to buy a stock because he recommends it or because somebody else or a report recommends it. He tells them to do homework on the stock, if it looks good then see if it fits in your investment portfolio in terms of sector, risk, etc... and then begin buying in intervals and not all at once.
People who buy because they heard Cramer mention it or they read an article in Investor Business Daily are crazy. People must research for themselves. _________________ ENERGY is the basis of our industrial civilization and sustains our standard of living. It is the foundation stone of our national wealth. A nation starved of energy.....will be a nation of starving people.
Posted: Wed Jul 16, 2008 6:41 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
Cramer is entertainingly stupid, that's why I watch. I read a couple of his books, he's no dummy, but certainly not right upstairs too.
He has good general advice on how markets work. Having said that, I wouldn't buy anything based on what he or anyone else said. You have to make up your own mind.
Posted: Wed Jul 16, 2008 7:49 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
joeltrout wrote:
He tells people almost every show not to buy a stock because he recommends it or because somebody else or a report recommends it.
Give me a freakin' break. The whole point of his show is to try and convince viewers to buy or sell certain stocks. Pump and dump. He says things like 'You are crazy if you don't buy blah blah blah.' or 'If you didn't listen to me you probably lost money on blah blah blah.'
How can you defend this clown?
Last edited by Hogan on Wed Jul 16, 2008 8:18 pm; edited 1 time in total
Posted: Wed Jul 16, 2008 8:17 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
Hogan wrote:
Give me a freakin' break. The whole point of his show is to try and convince viewers to buy or sell certain stocks. Pump and dump. He says things like 'You are crazy if you don't buy blah blah blah.' or 'If you didn't listen to me you probably lost money on blah blah blah.'
Yeah. I gotta say, watching the clips of him on YouTube, his warning to do your own research starts to sound a lot more like "Don't sue me when you do what I say and go broke." _________________ "I was born in a deep forest
I wish I could live here all my life
I am made from stones and roots
My home, these woods and roads
All my life I loved this sound
Of the woods all around
Eagles fly where the winds blow free" -Korpiklaani
Posted: Wed Jul 16, 2008 8:19 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
smallpoxgirl wrote:
Hogan wrote:
Give me a freakin' break. The whole point of his show is to try and convince viewers to buy or sell certain stocks. Pump and dump. He says things like 'You are crazy if you don't buy blah blah blah.' or 'If you didn't listen to me you probably lost money on blah blah blah.'
Yeah. I gotta say, watching the clips of him on YouTube, his warning to do your own research starts to sound a lot more like "Don't sue me when you do what I say and go broke."
Lol. That's like saying 'Here, you should take this gun and blow your brains out. But don't blame me because I told you to do it.'
Posted: Wed Jul 16, 2008 11:22 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
joeltrout wrote:
alpha480v wrote:
Bottom line is to use due diligence and research a stock before you buy it. I don't need some TV clown to tell me what to buy. I know how to read a stock report.
Those are almost Cramer's exact words. He tells people almost every show not to buy a stock because he recommends it...
ohh really?
He does not "tell" people what to do? link maybe you have a different way of looking at things but I think it is very clear this guy isn't some "educator" encouraging people to do their homework.
I think people come to him looking for advice on what to do.
Joined: Sep 19, 2007 Posts: 1091 Location: Land of the Tongva tribe
Posted: Thu Jul 17, 2008 10:04 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
How many shows have you actually watched?
How many of his books have you actually read?
How much time have you spent on thestreet.com?
What would your response be if I tried to debunk peakoil because I read a couple of articles about peak oil and then watched a couple of spliced youtube clips? You would think I am an idiot and didn't know what I was talking about.
Don't bash something you don't know anything about unless you have read Cramer's books, watched his show extensively, and visited thestreet.com website.
Either you are a seasoned investor with extensive knowledge about investing in a broad range of assets and Cramer's show is too basic for you
or
you are someone who doesn't understand investing, doesn't understand what Cramer is talking about, or doesn't rely on your own financial investments to retire, ie govt, pension, etc...
Their is no doubt that Cramer gives out good information and someone who writes him off before they give him a chance is dumb. Even if you don't like his personality on the show then read his book.
My argument is over. We can agree to disagree. Its been fun and I still respect Cramer.
joeltrout _________________ ENERGY is the basis of our industrial civilization and sustains our standard of living. It is the foundation stone of our national wealth. A nation starved of energy.....will be a nation of starving people.
Jim Cramer, the often loud and always bullish host of a popular CNBC show, is now bearish. Cramer frequently tells his audience that he believes there is always a bull market somewhere, and it’s his goal to help them find it. “But this time is different; it’s doom itself,” Cramer recently wrote in New York magazine. “In 25 years on Wall Street, I have never seen things this bad.”
Cramer is a former hedge fund manager who delivered a compounded rate of return of 24 percent for 15 years at his firm, Cramer Berkowitz. His investment advice is always very specific, and he is also clear about what he sees over the short term. “Sell everything. Nothing’s working,” he writes. “Revisit when the prices are adjusted for a big recession, soaring inflation, and a crushed consumer. Sell at 12,000 and come back at 10,000. Even better: short it,” said Cramer.
Barclays Capital agrees with Cramer’s assessment of inflation. It is now predicting that headline inflation will spike to 5.5 percent by August, and the Fed will respond by increasing interest rates six times before the end of 2009. The Consumer Confidence Index is also near all-time lows.
The Conference Board Consumer Research Center recently reported consumers’ assessment of present-day conditions continues to grow more negative and suggests the economy remains stuck in low gear. Looking ahead, consumer outlook is so bleak that the Expectations Index has reached a new all-time low, the group reported.
Cramer cites Wall Street layoffs as a sign of the troubles. More than 40,000 investment bankers and sales people are expected to lose their jobs at Morgan Stanley, Merrill Lynch, UBS, Citigroup, and what was once Bear Stearns. “We’ve had some tough times: the 1987 stock market crash, the collapse of the once-all-powerful Drexel Burnham Lambert, the immolation of Long Term Capital, the post-9/11 calamity, and the dot-com implosion. Every one of these events rocked the Street, causing pay cuts and layoffs and creating a sense of doom.”
A long-term bull, Cramer admits his bullish bias, “I am an inherent optimist about Wall Street. Every time I’ve seen one business go down, there was always a replacement business right behind it.”
But with investment banking, bonds, equities, and mergers and acquisitions all stumbling at the same time, he concludes, “Try as I might to see where new business can come from, I don’t see it coming anytime soon.” He’ll be bullish again, after “a big recession,” when inflation is tamed, and the consumer feels better about the economy.
Posted: Fri Jul 18, 2008 1:31 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
Sorry Joel, but I disagree with you. My time is valuable. I do not have the time or inclination to read all his books or watch all his shows, so if his show puts me off, it puts me off. Period. I do not waste my time on many things that bring marginal value at best. There are better sources of information than watching CNBC or whatever. You are free, or course, to think, feel or do whatever makes you happy! ; - )) _________________ The organized state is a wonderful invention whereby everyone can live at someone else's expense.
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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 
