Jim Cramer: You are a gigantic douchebag
Saturday, June 21st, 2008 at 6:37 pmThis video is from Don Harrold, someone who I feel actually knows a fair bit about stocks and may even know how to pick stocks. He has been calling for Jim Cramer to be fired from CNBC for maybe years now.
However, I’m not asking for him to be fired: I’m asking for him to go to jail for severely misleading the American public. Think this is the only time? He does this every damn time he gets a chance; for the past year at least (as long as I’ve been watching him), he has made bad pick after bad pick after bad pick.
If you listen to Jim Cramer, you WILL LOSE MONEY without any doubt whatsoever. He purposely leads the ‘Cramaricans’ that watch his show into financial ruin to personally profit and for those who are his close friends to profit.
Jim Cramer is a former Bear Stearns employee, and ran one of the most successful hedge funds ever. You cannot tell me soon as he left Bear Stearns he became an idiot: no, he only became a fool if he can think he can mislead the American people and get away with it.
I’d also like my readers to watch this earlier Don Harrold video where Jim Cramer recommends to continue holding Bear Stearns stock (for those who have some in their portfolio) on Tuesday before the Friday that Bear Stearns crashed and burned. You think Jim Cramer knew nothing? No, he still has his friends feeding him all the insider information: he knew exactly what he was doing, and his friends over at BS made a killing over this.
Not only that, he then tried to cover it up. HE TRIED TO COVER IT UP.
So where the hell is the SEC here? Why hasn’t the SEC investigated Jim Cramer for knowingly giving out bad information to purposely lead the American people astray? Jim Cramer has inside traded, he has mislead the American people so he and his friends can profit, and with the first video, it proves his a bold faced liar and doesn’t even try to cover it up anymore.
Not only that, how much of his bad information over the past 2 years has influenced the recession we are currently in? Millions of people in the US listen to Cramer and repeatedly lose money because of his bad stock picks.
I ask ‘Cramerica’ to wake up: I ask ‘Cramerica’ to use their logic, their common sense, to objectively look at Jim Cramer’s record and realize that ‘Cramerica’ has lost millions and millions of dollars because of him.
If the SEC won’t investigate him and throw him in jail, then at the very least CNBC will fire him if everyone quits watching his show.
Ooh oops i just wrote a big comment and as soon as i hit reply it came up blank! Please please tell me it worked properly? I do not want to sumit it again if i dont have to! Either the blog glitced out or i am an idiot, the second option doesnt surprise me lol.
I dont see it.
He is the Springer on the Business channel… shame on you if you take his stuff seriously.
Cramer tells you in his own books that many CEOs and fund managers that report on the TV networks have a vested interest in doing almost exactly opposite what they are encouraging the general investing public to do. He reports that it often is the case that a fund manager is selling the stock being recommended to the general public so there is ample demand to sell into. So why would you expect any different behavior from him?
I watched Cramer’s show until he started crying about how his broker buddies were getting killed because of lack of trading activity in the market, and then dismissed him as a disengenuous advisor.
Dunno. The best way to invest is the Bogle way: you don’t know which stocks will go up during a specified period of time, so just invest in them all.
Vanguard’s Total US Stock Market is all you’ll ever really need unless you really really really wanna try your hand at beating the market.
What fool listens to stock pickers, other than as entertainment, anyway?
Now that we’re living in the world of index funds and sector ETFs, what individual investor, who needs 8 hours of sleep, would risk money on individual equities?
No, he never tells people to sell when the time is right; mainly, because there isn’t a right time.
He has a knack for suggesting stocks that should not be invested in.
Ok, just started following Jim’s show.
So I want to know if he’s full of crap or not. Did he at any point say to pull out and take some profits?
It seems like there is some stuff missing.
Beautiful. More investors need to see this. It is an utter disgrace to investors. This is an example of Cramer’s extreme disrespect for the common, average investor. It doesn’t seem to matter to him, because a couple of thousand dollars loss to a small investor is small change to Cramer. As far as I am concerned, I have permanently turned off CNBC. Used to be an avid watcher. Now I just not interested anymore.
No one that I know of. No one has ever tried that I know of, either.
What attorney has been successful with lawsuits, claims and settlements against Cramer?
I agree, but would rather participate in a class-action lawsuit against Cramer.