A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
FATHER, SON, and Kramer the trinity!
This guy Cramer is a complete and utter tit!!What did he say, "Goldman Sachs has little or no exposure to sub prime"? Is that why GS lost $11billion yesterday?
Cramer was always there to help the average investor make money but is never there to help the average investor from losing money until it is too late. He very rarely spoke of the subprime mess as it was building and then now speaks about it after the big guys have gotten out. That is like setting up the volleyball and then bowing out before it is spiked.
Jim's cnbc show will be very interesting to watch in the fall as he searches for the bull market somewhere...
His demeanor in this interview relative to his usual schtick is very telling as to how significant a problem sub-prime is manifesting into.
I love these interviews with Cramer. He always (intentionally or unintentionally) lets slip some bit of evidence that shows how the "markets" are rigged for insiders ("The S&P waited until most of these guys got out of these funds.").People on the outside can make money, but it's mostly luck.
Is he talking to Brittney Umar on that video.She's a hot piece of middle-eastern ass.
WTF did I just witness? I think I saw a nervous, sweaty used car or insurance salesman saying, "Here sign on the dotted line, don't worry about all the fine print..." Cramer must be long on Bear Stearns and is sweating bullets.
Where's the Booyah?
BOY! He looks nervous.
Cramer barely escaped a Federal indictment in the dotcom fiasco, and now people look to him for advice?What a country!
Dude,Phuk man,what was that?
>>>>This guy Cramer is a complete and utter tit!!What did he say, "Goldman Sachs has little or no exposure to sub prime"? Is that why GS lost $11billion yesterday?<<<<he never says anything bad about goldman.........he used to work there at one time running a hedge fund.......right now he is trying to split off the banks , the investment banks, home builders and suppliers from the rest of the market......i don't know..........maybe he is right......i wonder though if this thing could bring down the entire game even though some companies are doing quite well right now or so it would appear......but the dollar is falling in value......and appearances can be deceiving....
Cramer barely escaped a Federal indictment in the dotcom fiasco, and now people look to him for advice?What a country!due to lying under oath and incriminating emails, he still might get it because of the naked short selling and patrick byrne......byrne wants some of cramer and that other putz on cnbc, herb greenberg....those two scammers are due to go down for this crap.....it would be sweet.......
"Kramer sucks" I agree.
Back in 2005/2006 when I watched Cramer daily, I kept a little log each time he mentioned homebuilder stocks. I knew this stuff would be worth a good laugh one day. I had just shorted (puts for Jan 2008) 7 of the builders in July 2005 because of smart web guys like Schiff and Noland.Read and see just how wrong Cramer can be!YYMMDD0507?? cramer says buy/hold housing stocks as they are "land banks" and won't be ruined by Fed as usually happens.05092? cramer calls the housing bust, reverses his position on housing stocks for first time050927 lennar, current 8-9 multiple, cramer says don't buy till 6 multiple (their historic low)060525 cramer does 7 min seg on TOL, says 1 Toll bro inside buying big, says look at TOL + housing, says when fed stops raising stocks should get a huge rise, says "buy, not yet but soon"060606 cramer on web site says Fed is "killing homebuilders, so I can't recommend them"060612 3 mins talks about WCI as example of bottom, says might go lower, but looks like a bottom and makes good long-term play. Bottom because qtr was awful yet only went down .83 (4%); said look at KBH060613 mentions DHI saying if it stays this low they should go private, babbles something that sounds like DHI still has 3 points downside*************All recommended stocks have since crashed lower since the mention. I will give him credit for calling the crash in Sep 2005, only 2-3 months late, but only after substantial losses already occurred. And the funniest of all is his "land bank" theory in July 2005. All the huge losses (negative EPS) you see in the stocks today are due to "land bank" losses and writedowns! Cramer's "pro" was really a (big) "con".PS: Still have the same puts: appreciation to date avg 800%, thinking about selling soon.
On February 29, 2000...James Cramer wrote an article titled "The Winners of the New World" in which he touts 10 internet stocks and goes on to say, and I quote, "Most of these companies don't even have earnings per share, so we don't have to be constrained by that methodology for quarters to come."Guys...you can't make that sh*t up!The last time I checked, this said portfolio was down ~ 90%.Now...he is America's foremost investment guru?Go ahead...shoot me...just focking shoot me.
Twit or not, many people have followed the advice of those like Cramer.Listening to this interview though tells me how much he *doesn't* know (or unwilling to share) about what's really going on.
istening to this interview though tells me how much he *doesn't* know (or unwilling to share) about what's really going on.<<<well there used to be a video on youtube where he comes out and says exactly how things are done on wallstreet. i noticed it has been removed for some reason. hmmm. wall street is for suckers. and to think so many retirements earned by baby boomers who are working now and about to retire can and will be erased as if in a moment. it can and will happen. it is the destiny of those who trust this crooked and evil system. how many times in the past, has this happened. it has happened time and time again, yet we amerikans think we are a free people with rights and the rule of law is on our side. i have news for you all. we have no rights. there is no law. and the stock market? the stock market is one big scam and soon they will pull the lever on this whole charade and this house of cards will come crashing down. and the scoffers.? oh they will not be laughing. please ladies and gentlemen, get out now. go to cash, then to physical gold and silver. put it in your house in a safe place if possible. batton down the hatches and watch as the whole scenerio unfolds before your eyes. i beg you. i implore you. listen to the voices of reason. get out of this madhouse before it is too late. i end with one final note. today the market is up and running. this by itself normally would tell most viewers that everything is good. but how can this be? with all the bad news coming out here and there lately, how can this market be up? think about it folks. this market is manipulated and most people think it is just free market capitalism. it is not. the fix is in and perhaps always was in. get out now. save your retirement funds. save yourselves. this is your only recourse. the amerikan economy is about finished now. there is no turning back. we as a nation are about to undergo a transformation from a semi autonomous pseudo republic to a police state. the choice right now is yours to make. get out of the stock market now folks....por favor.......
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