poor cramer?

[gangof4]

Quote from jonbig04:

well he did, you know, run a hedge fund...he cant be all that bad. but whether he wrong or right who cares....hes educating people, whats wrong with that?

wow, can't let this comment pass.

are you really this stupid/naive? he ran a hedge fund so he must not be all that bad??!?!?! that's about as accurate a measure as saying, 'he has a user name on ET, he MUST be a successful trader'! or, 'he has 1200 posts on ET in 4 months, he MUST know what he's doing'. wow, congrats on being cnbc's target demographic (NOT a compliment, btw).

btw- his hedge fund wasn't about his stock picking prowess- it was about connections to get in on ipo's and know goldman rating changes before others.

 

[Lucrum]

Someone posted Cramer's long term performance once. Seems like it was +0.3% or there about.

I realize that different people will be attracted to different things and see things differently, even though they are looking at exactly the same thing.

Seems to me any one that enjoys watching him is most likely an individual that is easily amused and probably still believes in the tooth fairy.

 

[jonbig04]

Quote from gangof4:

wow, can't let this comment pass.

are you really this stupid/naive? he ran a hedge fund so he must not be all that bad??!?!?! that's about as accurate a measure as saying, 'he has a user name on ET, he MUST be a successful trader'! or, 'he has 1200 posts on ET in 4 months, he MUST know what he's doing'. wow, congrats on being cnbc's target demographic (NOT a compliment, btw).

btw- his hedge fund wasn't about his stock picking prowess- it was about connections to get in on ipo's and know goldman rating changes before others.

ok you are right i OVERSIMPLIFIED it, let me say this "he ran a successful and very profitable hedge fund so he cant be that bad" is that better? and i hear you about analysts ratings and IPO's no doubt that is true, however do you really think he started up/ ran a hedge fund successfully without being very very good at identifying undervalued/over valued stocks?

 

[dnk]

Quote from jonbig04:

ok you are right i OVERSIMPLIFIED it, let me say this "he ran a successful and very profitable hedge fund so he cant be that bad" is that better? and i hear you about analysts ratings and IPO's no doubt that is true, however do you really think he started up/ ran a hedge fund successfully without being very very good at identifying undervalued/over valued stocks?

Where is the proof, by an independent source under oath to:
"he ran a successful and very profitable hedge fund so he cant be that bad" with a precision of the meaning of successful (for whom (brokers, himself, investors))

 

[jonbig04]

bottom line is that me made millions in the stock market. he did what you guys go, but lets face it he did it a lot better. does that make him god? of course not, but you are STUPID if you dont listen to what he says and take in the good and throw out the bad. We should be trying to learn everything we can from everybody we can, not needlessly flame people especially if hes already achieved what you are striving to achieve.... dont you think that MAYBE he might know something you dont? no? ok thats fine but why hate him? does he not have enough flat screen monitors for you guys?

 

[jonbig04]

Quote from dnk:

Where is the proof, by an independent source under oath to:
"he ran a successful and very profitable hedge fund so he cant be that bad" with a precision of the meaning of successful (for whom (brokers, himself, investors))

You have google. what you think i made that up?

 

[Free Thinker]

Quote from jonbig04:

bottom line is that me made millions in the stock market. he did what you guys go, but lets face it he did it a lot better. does that make him god? of course not, but you are STUPID if you dont listen to what he says and take in the good and throw out the bad.

i have watched cramer in some manner almost every day since the mid 90s. i can conclude his record is about 50-50. half of what he says is good and half is bad. that equils a big 0. if you are good enough to figure out what is good and what is bad more power to you.

 

[dnk]

Quote from jonbig04:

You have google. what you think i made that up?

I am not saying that. I asked you what is the proof that what you read is the truth and corresponds to your intepretation of it.

 

[rickf]

Cramer, for all is hype and hoopla and past success in life, is simply another source of information and food for thought. Anyone who simply buys when he (or anyone) says to deserves to lose big.....you have to do your own homework and research to be successful in the market, and no single pundit, host, talking head, book, newsletter, or signal service is going to be 100% right all the time.

Is he whacko at times and/or a raging bull? Sure. Does he offer some useful insights, food-for-thought, education, and possible good trade recos? Absolutely. And ditto for being wrong and offering horrible trade recos. But again, he's just but one source of information. Whether you act on his stuff on face value or just take some of it as "interesting" and other parts as "totally wrong" all depends on your investing style and personal intelligence.


Frankly I prefer to 'encounter' Cramer via Real Money @ TSCM -- his prose is better thought out, aimed at investors (not 'entertainment' and isn't full of schtick, toys, and sound effects. Frankly, his antics on Mad Money these days are just too ******ing over-the-top and farcical for my tastes, even as 'entertainment' value -- not to mention they've only gotten more annoying and irrelevant in the past year compared to when he first started the show.

 

[jonbig04]

Quote from vhehn:

i have watched cramer in some manner almost every day since the mid 90s. i can conclude his record is about 50-50. half of what he says is good and half is bad. that equils a big 0. if you are good enough to figure out what is good and what is bad more power to you.

I'll take that. It just seems like the "cool" thing to do here on ET is to hate on Cramer. His performance aside he IS a good teacher, I think with the uneven wealth distribution in this country being what it is, we should applaud a guy who is trying to educate an otherwise clueless public on the workings on the stock market.