Jim Cramer was on the Today Show this morning, talkin' money. His advice, which he prefaced by saying, "I thought about this all weekend...I do not want to say these things on TV," and then did? "Whatever money you may need for the next five years, please take it out of the stock market right now, this week."
Jim Cramer: "I Don't Want To Yell Fire In A Crowded Room But...FIRE!"
Posted by Bess Levin, Oct 06, 2008, 11:06am
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Posted by guest , Oct 06, 2008 11:12AM
Is he right people?
Posted by guest , Oct 06, 2008 11:13AM
What would Bon Jovi say?
http://www.youtube.com/watch?v=nE11Zrrp24I
SPODE
Posted by guest , Oct 06, 2008 11:15AM
Must mean it's time to buy. Contra-investment thesis #1: Always, always take the other side of a Cramer rec.
Posted by guest , Oct 06, 2008 11:15AM
Bloomberg HEadlines : MArkets up on announcement from Pope, the ?Benedict
Posted by guest , Oct 06, 2008 11:16AM
Flight to quality?
Where the fuck is any quality? SMN?
What are Treas CDS at?
Posted by diablo , Oct 06, 2008 11:16AM
Did anyone remind him how many times this year he called the bottom on financials? Ha!
Posted by guest , Oct 06, 2008 11:18AM
this is unquestionably bullish. first cause for optimism in some time
Posted by Seaman Bodine , Oct 06, 2008 11:20AM
seriously - this guy is the uber contrary indicator
Posted by guest , Oct 06, 2008 11:24AM
I love the "Cramer and a Monkey" website.
Posted by guest , Oct 06, 2008 11:24AM
Worst year ever to graduate?
Posted by guest , Oct 06, 2008 11:27AM
Jimmy Cream is very knowlidgeable and we's need to listen to him. He ha's years of experience in these' markets and a plathora of advice.
Even Sarah Palin supports him. "Jim is the typo leader ships and planes to help to common investor".
God I hope Bon Jovi isn't right.
SPODE
Posted by guest , Oct 06, 2008 11:28AM
WSJ Fuld link
http://compliancex.typepad.com/compliancex/2008/10/the-two-faces-o.html
Posted by guest , Oct 06, 2008 11:29AM
guessing CNBC will cxl his show tonight after he tells his viewers the same, see ya in 5 years Jim...
Posted by guest , Oct 06, 2008 11:30AM
If I ever see Cramer on the street I'm gonna punch him in the fucking throat.
Posted by guest , Oct 06, 2008 11:30AM
@10
Yes. I suggest you put your hands in the lord because your ass belongs to unemployment.
Keep on truckin. *thumbs up*
And SPODE... Bon Jovi is right.
Baby Jesus
Posted by guest , Oct 06, 2008 11:34AM
I'd like to punch Cramer in the face so hard it would kill his whole family.
Posted by guest , Oct 06, 2008 11:35AM
For the love of God Baby Jesus say it ain't so.
SAY IT AIN'T SO!
http://www.youtube.com/watch?v=YU7LZts87Zg
SPODE
Posted by guest , Oct 06, 2008 11:38AM
Shut the fuck up Cramer.
http://www.youtube.com/watch?v=MjYJ7zZ9BRw
Posted by guest , Oct 06, 2008 11:42AM
Remember when he said to buy bear stearns?
Posted by guest , Oct 06, 2008 11:42AM
"Once again, things that could have been brought to my attention YESTERDAY!"
-Adam Sandler (Wedding Singer)
Posted by HAM05 , Oct 06, 2008 11:42AM
@14 : 17 - thanks, you made my day
Posted by guest , Oct 06, 2008 11:44AM
Cramer jacks off with icy hot
Posted by guest , Oct 06, 2008 11:46AM
No question this is BULLISH. Cramu is world's best fade.
Posted by guest , Oct 06, 2008 11:47AM
he also STRONGLY recommended Wachovia two weeks ago
- 3
Posted by guest , Oct 06, 2008 11:47AM
http://carolan.org/2008/10/06/jim-cramer-is-the-worst-analyst-in-modern-times/
Posted by guest , Oct 06, 2008 11:49AM
Jim Cramer is a financial terrorist.
Posted by guest , Oct 06, 2008 11:50AM
@22...ouch. I cannot imagine that pain.
Posted by guest , Oct 06, 2008 11:50AM
@ 18 I second that
April 2008 on that POS he calls a program, "This whole sub prime thing is just a couple of guys that made a couple of bad loans"
Posted by guest , Oct 06, 2008 11:51AM
Jim is merely an entertainer. Nothing more, nothing less. Aside from not being a very astute investor, he is not a partciularly good judge of character as evidenced by his college best friend, Elliot Spitzer.
Posted by guest , Oct 06, 2008 11:55AM
@28/29 agree with both. He just spouts off but his commentary or recommendations are devoid of any real analysis.
He's a human paraquat!
Posted by guest , Oct 06, 2008 11:57AM
Cramer needs to legally change his name to Mr. *ss Hat
Posted by guest , Oct 06, 2008 12:05PM
Jimbo is definitely a contrarian indicator, but even a blind squirrel finds a nut every once in a while. I wouldn't go against this one.
Posted by guest , Oct 06, 2008 12:08PM
I bought this morning.
US Steel is trading at 2.5x earnings. I don't care what anybody says, the economy is not going to screech to a fucking halt.
And as far as Cramer's advice goes, I'd say if you NEED any money in the near future, it shouldn't be in stocks EVER, no matter what the market is doing.
This is selling at the bottom, and fuck Cramer, I'm buying.
Posted by guest , Oct 06, 2008 12:09PM
WB halted
Posted by guest , Oct 06, 2008 12:09PM
WB halted
Posted by guest , Oct 06, 2008 12:11PM
Headline made my day, BL.
Posted by guest , Oct 06, 2008 12:11PM
Dow 5000?
If he was any good he'd be suggesting some short ETFs...but he is not. Does he happen to have a good mattress company to recommend...
Posted by guest , Oct 06, 2008 12:13PM
I bought this morning too.
Posted by guest , Oct 06, 2008 12:13PM
Cramer is a tool...he always says do not sell when there is a steep loss...
Fucking erratic cunt.
Posted by guest , Oct 06, 2008 12:19PM
#14. A lot of people feel this way.
#22. That was great.
#26. Scary thought.
GS seems like it is joining a frat. You are a member for life whether you like it or not.
Posted by guest , Oct 06, 2008 12:19PM
Cramer is a knob. This is the type of economy that makes people millions down the road.
Posted by guest , Oct 06, 2008 12:21PM
@32
Agreed!! Cramer is a raging toolbox and usually dead fucking wrong, but i wouldn't take the other side of this one.
Posted by guest , Oct 06, 2008 12:23PM
http://www.youtube.com/watch?v=Ex3rFlSr33I
the image and the empire may be falling apart
the money has goten scarce
one mans word held the country together
but the truth is getting fierce
say it ain't so,joe please, say it ain't so
we pinned our hopes on you joe
and they're ruining our show
Posted by guest , Oct 06, 2008 12:24PM
If Cramer was really the investment whiz he and CNBC claim him to be, he wouldn't be hosting a TV show. He'd be running a hedge fund and spending the summers in the Hamptons. His advice is worthless and dangerous.
Posted by guest , Oct 06, 2008 12:24PM
If Cramer was really the investment whiz he and CNBC claim him to be, he wouldn't be hosting a TV show. He'd be running a hedge fund and spending the summers in the Hamptons. His advice is worthless and dangerous.
Posted by guest , Oct 06, 2008 12:32PM
Vintage Cramer...."I will give them the double secret reverse psychology! Yeah. I'll tell'em to sell everything and they know I'm always wrong so they will buy."
Posted by guest , Oct 06, 2008 12:49PM
God told me the dow would be at 5000 this fall.
Posted by guest , Oct 06, 2008 1:17PM
@47
Please continue to spread my word.
Baby Jesus
Posted by guest , Oct 06, 2008 1:28PM
@45....He doesn't need the money. He's just there to make you.......Mad Money!!!!!!
Posted by guest , Oct 06, 2008 1:28PM
@44
Do your research before you post, Cramer did run a hedge fund, made more money than he, or his kids, could possibly need and wrote a book about it.
Posted by Anal_yst , Oct 06, 2008 1:35PM
@ 50
Are you freaking kidding me? Cramer Berkowitz? You do know he wasn't the real brains behind that operation, no?
Cramer isn't the investing deity you and your minion sheep cohorts believe he is. However, because you (all) treat his word as gospel, what he did today (and has done countless times before) is not simply irresponsible journalism.
Cramer just told millions of ignorant ma-and pa investors to sell everything, blindly. I don't care what disclosures you have in fine print, that is not a good idea any way you slice it.
Posted by guest , Oct 06, 2008 1:38PM
I can't believe hedge funds are not making money in this market.
It's so easy.
Short POT, RIO, GGB, QID
Long SPY, XLF, DUG
Posted by guest , Oct 06, 2008 1:41PM
@51
As much as it is inappropriate for him to do so in public tv, i'm betting on a few millions flowers and letters of thanks being sent to Cramer this Xmas.
Posted by guest , Oct 06, 2008 1:52PM
He may be a douche but in this instance he's right. Sell!
Posted by guest , Oct 06, 2008 1:53PM
@53... Sadly, you are probably right. Now "one of the greatest minds on wall street (cramer)" is going to get to pound his chest about his bold call. We'll all forget about his shitty ones along the way..
Posted by guest , Oct 06, 2008 1:54PM
come on everyone (and you in particular 50), as I said in 29, the dude is an ENTERTAINER. A CELEBRETY of sorts. Just watch his show for 15 mins any evening and you see a charlatain huckster, running around on his low production value set, sleeves rolled up, screaming booyah! at callers from Scranton, PA. Why would any serious investor take his view into consideration (other than to consider a contra-position)?
Posted by guest , Oct 06, 2008 2:38PM
Jim Cramer = Lee Corso. All is well.
Posted by guest , Oct 06, 2008 2:39PM
Jim Cramer = Lee Corso. All is well.
Posted by guest , Oct 06, 2008 3:18PM
Some stocks are getting stupid cheap.