I know, I was an active trader during those times, I'm talking about his over the top performance, all staged.
MSM is all about ENTERTAINMENT. JIM CRAMER is Entertainment. did you think for a minute that CNBC hires anyone to be not Entertainment. I find Jim Cramer to be one of the funniest guys on TV almost as good as was Red Skelton aka Klem Kadiddle Hopper. hahaha. You guys crack me up. Jim Cramer. What a great comedian he is. Comedian A comedian or comic, is a person who seeks to entertain an audience, primarily by making them laugh. This might be through jokes or amusing situations, or acting a fool, as in slapstick, or employing prop comedy.Wikipedia
Cramer used to short at his hedge fund. I am basing that on this video that details how he used to short at his fund:
And they should have failed. And if capitalism had been left on its own, more would have rightfully failed. Cramer's video is just him being a shill for his former buds in the business who were afraid that they would be taken out in body bags. It makes him seem like a pathetic whining baby - crying about how his friends are going to go out of business.
Ultimately the whiners won. They got bailed out and the traders who faded against Uncle Sam and Goldman Sachs lost. That's how it will go down in history. Too many traders mix trading with politics and that's a recipe for disaster IMHO.
Exactly...banks who should have known better, some went out of business, some were bailed out. It was bad out there but self-created cancer and lowering a discount rate was not going to turn worthless paper into gold. Cramer is just watch bait to keep viewers on the show knowing that the average person out there is a simple IRA investor who knows nothing and that is who the audience is. I have not watched CNBC in years and miss nothing haha.
I must confess. mea culpa mea culp mea maxima culpa. that I never watched Jim Cramer but only caught a few glimpses of him in my life. what a baffoon. CNBC probably pays him millions to make a fool of himself. and his stock buddies pay him off to sell the junk stock to the lemmings. No I never allowed him to corrupt my mind. I still have a Jim Cramer Virgin mind. hahahaha. Those around here who are addicted to JC will just have to be detoxed at the local addiction center. hahahaha. There is little hope that you will ever recover.
Apparently he is only right 46% ofthe time. So you just as good flipping a coin than following his advice http://www.cxoadvisory.com/2809/individual-gurus/jim-cramer/ The entire cnbc website is based on fear. but it keeps lemmings watching