So Cramer Blew Bear Stearns Call. Whatever
Please.
First, if you're going to rag on Cramer for getting it wrong, at least be right. The video below clearly shows that Cramer was talking about money held at Bear Stearns, not Bear Stearns stock, and he's been proven right, not wrong, about the sanity of keeping it there. (Cramer did say "Bear Stearns is fine," which it wasn't, but in this video at least, he doesn't say anything about the stock.)
Second, are you actually implying that Cramer is or should be right about everything? The man is on the air about 5 hours a day, every day, and he squeezes more predictions, comments, and incendiary asides into those 5 hours than most people utter in a year. If you say that much stuff, you're going to be wrong all the time. Whatever!
We've argued in the past that Cramer gives lousy investment advice, and we stand by that: The idea that the watching Mad Money and doing a bit of research is a smart investment strategy for a casual investor is preposterous, as is the conceit that smart investing should be raucously entertaining.
But Jim Cramer himself is often entertaining. He also often has very smart things to say (albeit with a unique sort of bombast). Almost all Wall Street analysts were wrong about Bear Stearns, and, unlike Cramer, it's actually their job to sit around and analyze Bear Stearns. So give the man a break!
On a more macro level, Jim's wrong all the time--as anyone would be if they made as many predictions and assessments as he does. I don't understand why people get so excited about this. (His attitude, perhaps? That I can understand).
* Mr. Cramer is right about 50% (25 out of 51) of the time with his stock market predictions...
* His predictions sometimes swing dramatically from optimistic to pessimistic, and back again, over short periods.
i wonder if she got tested since the scandal broke?
http://www.vizu.com//poll-results.html?n=82140
http://www.vizu.com//poll-results.html?n=82173
17 seconds in and they show the BSC 3-month chart. It's clear he's talking about the stock.
If Cramer said "Don't sell Microsoft" would you assume he meant don't sell your copy of Windows on eBay? NO! You'd know he was talking about Microsoft stock.
Don't give him that much credit - he was talking about BSC.
rag (v.)
"scold," 1739, of unknown origin; perhaps related to Dan. dialectal rag "grudge."
http://www.etymonline.com/index.php?term=rag
you're a jerk and a clueless idiot. there are men and then there are gentlemen. the latter you are not. learn some manners - if you wouldn't say it in front of your grandmother, you needn't say it at all. you have no respect for women and that's a huge turnoff. you represent the worst type of man. ugh.
http://dictionary.reference.com/browse/rag
Still, I think you have a point. As Rosana Rosanadana would say...
nevermind.
Here is the Barron's study that found how poor Cramer's picks were
http://online.barrons.com/article/SB118681265755995100.html?mod=9_0001_b_this_weeks_magazine_home_top
Just for the record, I like the show.
http://www.thestreet.com/story/10375137/1/putting-cramers-mad-money-picks-to-the-fire.html
I look at the performance of all the stocks that Jim spends more than 30 seconds on in any show (so not the lightning round picks but the stocks he prepares for each show). I kept the Barrons methodology of looking at the stock as of the open the next day.
I'll note that when Barrons does their own yearly roundup they go from the Friday close before their paper comes out. So they benefit from the "Barrons bounce". They did not give JIm that benefit.
Btw, MILF Spitzer has a nice rack! I'd give her a "Bear" hug!
I don't understand why you posted a picture of Cramer and Silda Spitzer on this particular blog post. What does Silda Spitzer have to do with Cramer's call on Bear Stearns?
John