Does Anyone Listen to Cramer on CNBC?

1. 76

   rb11posted 14 years ago

   Has anyone made any money listening to Cramer, the so called stock guru on CNBC.
   
   How can you play all the different picks he spews off each day?
   
   I have never kept up with his win/loss ratio, I have read where he is wrong more than right. As someone said "It's amazing how the same cycles continue over and over again, except there are new faces entering the game each time"
   
   If you had any luck with this guy please let us know.

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2. 82

   habeeposted 14 years ago

   No, but I really like Kramer on Seinfeld!

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      rb11posted 14 years agoin reply to this

      Chances are you would get just as good advice from him as the other....

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3. 83

   GmaGoldieposted 14 years ago

   I used to and followed him very successfully.  I left the market before it tanked.
   
   I love his industry insights but found I had to do the same amount of research but at least he pointed me in the direction.
   
   Unfortunately no expert can predict the market marvels we have experienced in our lifetime - extreme ups and extreme downs.
   
   The overpaid bankers sadly are continuing with their excesses and I don't wish to be a party to this.  Fair is fair and Americans deserve a fair market - the bankers took this away from us.

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   1. 76

      rb11posted 14 years agoin reply to this

      I agree, with so many things coming to light (Bernie Made-Off) it seems the average guy is being milked.
      
      Were now seeing the dark side of greed. No need to participate in this game anymore.

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      1. 75

         Ben Evansposted 14 years agoin reply to this

         Cramer is a former hedge fund hack but he is not a trading guru.  I think he is a good source for news and finding out information on individual companies.  However As a source for investing or trading, I think that a person would lose a lot of money if they traded his picks.
         
         We have heard the phrase:
         
         Buy the rumor sell the news.  This is really true here.
         
         With any investment news or source, one has to do their own work determining which stocks are good and which ones aren't.
         
         There once was a guy named Cramer
         Whos lighting round was his claim to famer.
         But a word to the wise
         not to take his advice
         Just do your own DD which is saner.
         
         I will have to say one thing and that is he is a crazy entertainer.  Booya skeedaddy.

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         1. 76

            rb11posted 14 years agoin reply to this

            Ben, now you jogged my memory. Wasn't Cramer hooked up with Sunbeam which had a CEO named crazy Al? They named him that because he would come in, turn a company upside down, flip a quick profit and then leave the wreckage behind.
            
            Cramer's even admitted, on TV one day, that these guys would use him to hype up a stock, then move on to the next. Like this is anything new anymore.

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            1. 75

               Ben Evansposted 14 years agoin reply to this

               Cramer started at Goldman Sachs and then started his own hedge fund called Cramer and Co.  Holy moly.  I cringe to think of the hedge fund he ran.  I am not that familiar with Sunbeam but I know he was good friends with ole Eddy Lampbert who took over Kmart after its bankruptcy and bought Sears.  How that transaction happened.....I do not know. 
               
               He did have a video out how he ran the market up and down by feeding information to people like reporters on CNBC.  This came out while he was employed at CNBC.  I am still amazed his program was still run after this came out.
               
               I guess mad money mad cnbc money.

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4. 63

   Kidgasposted 14 years ago

   Cramer is an entertainer.
   
   And so is Kramer from Seinfeld whom I also watch for entertainment.

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5. 72

   Ralph Deedsposted 14 years ago

   Jim Cramer is a shill for the Wall Street banksters' casino.

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6. 0

   Kevin Lamposted 14 years ago

   I believe that he is wrong more then he is right. What really gets on my nerves is that when he is hyping everyone up and saying that the market is going to go drop like a stone in a pond. Then the next day the DOW shoots up. One of the only things I like about him is that he writes some very informative books.

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