Quote from NY_HOOD:
bloomberg is sooo much better. Cramer could have a decent show if #1 he did'nt recommend a stock every day. #2 they would ban that ridiculous booya shit#3 he would act serious rather than jumping around and yellng;he lost credibility. he also contradicts himself.example- he says technical analysis does'nt work but yet when he first started his show he said he used to dismiss technical analysis until his wife who traded with him said its very important because so many people use it and he then said it is important. now he changes his mind. he now says no after hours trading but again when he first went on the air he said it was very important to find a broker that offers after hours trading. he also said not to use market orders after hours: do you know one brokerage firsm that allows market orders in the after hours or pre-mkt? nobody offers that anyway ! also,he always says "buy best of breed";then he says its ok to sometimes not to buy best of breed. he says to sell ATI in the 60's and calls a guy that still owns it in the 80's a pig. then he says buy more when it goes over 80..the worst advice is when he syas to buy before earnings.if thats not a recipe for disaster i don't know what is.
Now you know the secret of his success. He takes both sides of every argument so he HAS to be correct. He depends on new viewers that haven't been around long enough to hear his contradictions. As long as there are new viewers of his show he will remain on the air. Anyone who has listened to him long enough will know he says whatever is necessary to prove his point at that particular time. Hell, he will even playback the excerpt to make him look like a genius. What the new viewers don't know is there is also an excerpt in the archives that say the exact opposite.