Cramer Freaks Out On CNBC, Attacks Guest

[girl gone mad]

Run time: 01:09 https://www.youtube.com/watch?v=11zGB6a69jA   Posted on YouTube: April 17, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: April 17, 2009 By DU Member: girl gone mad Views on DU: 2657

 

[Hugabear]

1. Cramer is a fucking moron, a tool for popular entertainment

His show would not have nearly the ratings it does if he didn't spend much of the show stomping around and yelling like a madman.

[Roadcyclist]

12. Cramer seems to issue buys and sells on the same investment within 24 hours

Anyone listening to him would have ground their 401K down to nothing. Cramer is a slobbering idiot. He did not tell everyone to sell at 11,000 and re-invest at 6500. There is a guy on Youtube, Don Harrold, who used to stalk Cramer's calls and his lies about the calls he made. That CNBC has him on the air is a sign the corporatacracy in media cares not about investors and cares completely about their fucking advertising profits. Cramer is a fucking buffoon indeed.

[AlbertCat]

22. I know....but

Who would invest on advice from the TV anyway?

It's like Dr. Phil. Or that scary show "The Dr's". Who takes advice from the friggin' TV on important matters?

These shows are tits on a bull moose.

[Hugabear]

25. You mean Dr. "I'm not really a doctor, I just say I am" Phil?

How in the HELL that man hasn't been sued for fraud yet is beyond me. I guess Oprah knows a thing or two about promoting frauds.

[burning rain]

21. Agree. I'd actually be more worried for these financial....

news performance artists like Cramer and Santelli if they didn't foam at the mouth and run around on all fours. I might think they were under the weather.

[Nostalgic]

2. Jon Stewart has gotten to him pretty badly.

[no_hypocrisy]

3. What, again?

[Hissyspit]

4. I was kind of wanting to hear the guys response to Cramer.

[Grinchie]

10. Me too. Obviously Cramer was trying to spin it by saying that 401K does day trading.

Like I'm coding the next search engine and I go to my HR department and tell them to move everything out of my Conservative 401K, One size fits all collection of trash, into a "Aggressive ie Risky collection of Garbage on a day to day basis.

Like that's ever going to happen. I don't even think a 401K operator even has any time limit on how to handle that kind of request.

If I wanted to do that, I certainly would not have it in a 401K fund.

[jb5150]

5. Looks like Cramer

is off his meds again.....

[Laf.La.Dem.]

6. some people think they are NEVER wrong

Cramer is one of those NEVER wrong people:nuke:

[sabbat hunter]

7. sadly

Kramer is right in this case.

Also the guy attacked Kramer first and he simply defended himself without attacking the guy back.

[blackdot]

8. Cramer was correct in that piece.

While he gets predictions about specific stocks incorrect, he does get the broad ideas correct. If you were like me and bought stock and held onto it over the decade or more, you would be in the negative right now.

[Ikonoklast]

9. Cramer is a nut....but he is correct on this one.

Ask the people that wanted to retire in the immediate future how that 'buy-and-hold' strategy worked out for them.

[Grinchie]

11. Hows does this apply to a 401K?

Isn't 401K a type of Buy and Hold investment by definition?

If it isn't, then I'd sure like to know why they levy such huge tax penalties on getting your money out of one.

I got out of my 401K in 2005 and have been laughing all the way from the bank. It enabaled me to recover from the Enron debacle that followed the DotCom bubble and get the hell out of the fraud that we call the economy totally. Sure I took a tax hit, but in the end, it paid off big time.

401K's are for people that have never been taught the difference between an asset and a liability or the destruction of Inflation towards savings. They just blindly trust some financial advisor that collects exhorbitant fees and skims his vig off the top.

Of course, they aren't taught about money because the Government have been using monolpoly money for the last 30 years, courtesy of the Federal Reserve.

Cramer is a shill, and even a coin is right some of the time.

[dixiegrrrrl]

15. "Isn't 401K a type of Buy and Hold investment by definition?"

The 401 is a hold until you meet requirement to cash it in, true,
But...there are ways to be a bit pro-active with it, to move a 401-k from one type of investment to the other, in or out of the market, stocks, bonds, and/or into Money Market funds instead of stocks.
Also notice that Cramer was bitching about index funds.

In short, even when I was stuck in the market, unable to yet withdraw the 401-k, there were options to move it into or out of a variety of funds ( I had mine in Vanguard)..
but, soon as I could cash it in , I did, and avoided the meltdown this time.
Whew !

[tomm2thumbs]

13. 'all idiots on deck - all idiots on deck' - oh look, they heeded my call

they're all buffoons

[freemarketer6]

14. Cramer is absolutley correct this time and that little, gray-haired

Republican has probably lost people millons. Buy and hold was a good strategy with a stable government and reputable corporations. We have neither now, and it will only get worse. I hope to be out of the country in two years and maybe avoid what's coming. Cramer is, however, still a loud-mouth who is an excellent contra-indicator.

[JI7]

16. does anyone think Cramer is on drugs ?

[underpants]

17. Those guys must be rich to get hot chicks like that to hang around them

"bald guys and hot chicks" as Jon Stewart calls it

[stlsaxman]

23. ... and that little blond at the end- "That was exciting!"

she could have quoted Zippy The Pinhead- "I feel all tingly inside... like a tomato!"

[slipslidingaway]

18. I gave this a rec for discussion purposes, Cramer is right in

this instance, buy and hold does not always work.


Here is the book referenced and a little more of the clip from CNBC.

http://www.amazon.com/Smartest-401k-Book-Youll-Savings/dp/0399534520

http://www.cnbc.com/id/15840232?video=1096434769&play=1

[slipslidingaway]

19. I've been meaning to look for this article - Stocks vs. Bonds

posting for later.

http://www.ritholtz.com/blog/2009/03/stocks-vs-bonds/

"Interesting discussion in Barron’s this week that questions a basic premise of the “cult of equities” — that Stocks usually outperform Bonds, and by healthy margins, too.

As it turns out, not always, and not as much as you might think..."


FWIW

Historical Chart Gallery

http://stockcharts.com/charts/historical/

[tomm2thumbs]

20. does anyone not think Cramer is gunning for a heart attack?

if this is acting, which it very well could be, then I defer - but if it were my parent, I would send them some medication and pray they live to see my grandchildren born

[MindMatter]

24. It is all kabuki theatre, all designed to hide the obvious

which is that ALL INVESTMENT SYSTEMS in the US are corrupted now.