Seems there is a bit of a dust up about Cramer on Comedy Central

[RJ Connors]

Posted by Endowment Investor on March 12, 2009 at 4:12 pm
QUOTE FROM DAVID SWENSEN: LEGENDARY CHIEF INVESTMENT OFFICER OF THE YALE ENDOWMENT:

“Jim Cramer exemplifies everything that’s wrong with the advice — and I put advice in quotation marks — that is given to individual investors. Investing is a serious business. We’re talking about retirement security of American citizens, and he turns it into a game. It’s a game where his listeners lose. It’s ridiculous. These high-turnover, rapid trading strategies enrich the brokers. If you look at Jim Cramer’s approach on an after-fee, after-tax basis, the individual doesn’t have a chance.”

http://www.yalealumnimagazine.com/issues/2009_03/swensen.html

Posted by Norman Smith on March 12, 2009 at 3:44 pm
Sometimes Cramer won’t own up to his mistakes.

Sometimes Cramers mistakes are so major they seem like something
more than mistakes.

Last month he reccommended GMXR twice. Here are a couple of quotes.

“This stock is so undervalued at $23.84 it can’t put a deadly hole in your
portfolio.”

“This stock is so undervalued at $23.84 it’s like an old fashioned land swindle.”

http://www.cnbc.com/id/29038808/

GMXR closed today at $6.92

Cramer won’t talk about it.

(Report This Comment) Posted by Jon V on March 12, 2009 at 3:31 pm

I’m an educated man with a Bachelors in business and a focus in finance, that said I’ve watched Cramer’s show a few times and every show I’ve seen he comes off more as a salesman than an analyst, I say this because if he’s not a salesman than he’s only an idiot, because he’s no analyst. Has anyone looked into his relationships with the stocks he’s said you should buy? I would, it might be interesting. A good example of one of his great calls - telling his viewers to pull out enough money to live on for 5 years, that did not help the markets at all, I’m sure it hurt them considerably and was a bad call. Reallocating assets to very low risk investments would be a good idea, in the long run that would protect you and help the makets. I’m not blaming the losses all on Cramer, but he’s a catalyst.

Could make tonights show interesting.

See more at: http://ccinsider.comedycentral.com/2009/03/10/breaking-jim-cramer-on-the-daily-show-thursday/

[pleah]

1. Has this guy ever gotten anything right?

Geeze, you'd think people would stop listening to him if he makes that many bad calls.

[sharp_stick]

3. He's a pump and dump prick

everything he does is a swindle as far as I'm concerned. There used to be site called cramerwatch that had Leonard the Wonder Monkey pick stocks and make more money than Cramers idiotic endorsement.

He's been a failing buffoon for so long that I don't even feel sorry for the poor marks that he sucks into buying the shit on his "show".

[pleah]

4. That is the perfect description!

:rofl:

Love your name sharp_stick.

[sharp_stick]

6. Thanks

I've been waiting for Skinner to allow name changes for a long time so I could use it. I had an uncle who said you could sneak around a lot more quietly carrying a lot of sharp sticks than one big stick.

[Ikonoklast]

2. And his hedge-fund buddies were shorting the stock all the while.

I think Cramer needs to go away.

[WeDidIt]

5. The SEC needs to investigate Cramer

The guy is a criminal.