Oh, don’t think for a second this mean he’s finished with Nouriel Roubini, he’s just spreading the love/hate around. To recap: last month Cramer said that Roubs was “intoxicated” with his own “prescience and vision.” Roubini responded with “Cramer is a buffoon,” and the alleged court jester, who loves it when you tell him he sucks, invited Dr. Doom onto his show to say it to his face. Then, two weeks ago, Cramer suggested Roubini was in bed with the shorts. Perhaps ticked that the doctor hasn’t given him the satisfaction of a response, JC again attempted to provoke something, anything, at the very least a “go fuck yourself” today. Probably figuring that Roubini won’t take the bait but a certain wrestling-loving firecracker just might, he threw Meredith Whitney into the mix. Which, we have to say, was smart.
Oddly, the people who are saying it tend to be the same ones who declared the recession over in March. I always have to remind these people they have it quite wrong: the depression ended in March, where deflation seemed unstoppable. That was when Citigroup (C) , Bank of America(BAC) , U.S. Bancorp(USB) and Wells Fargo(WFC) had their obituaries written by the two most implacable forces at the time in the investing universe — Professor Roubini and Meredith Whitney. (Because I am a harsh critic of the scene, I now dub them “Professor and Maryanne [sic],” who would turn the millionaire and his wife into paupers.)
Roubini And Whitney: The Professor And Maryanne? [TRB via Clusterstock]
Cramer needs to be taken out back and shot.
What island in hell…
Ugh, this is a tough one. Which one do I hate more, I cant decide. I can live with Cramer I guess, I wanna see Meredith Whitney ruined. She is a slob who got lucky on one call and has been wrong ever since
OK so Ginger or Maryanne?
Wow, tough crowd. The guy tries to add some literary references to his show, and everyone jumps all over him.
@5- who are you and what rock did you crawl out of without the frame of reference that Cramer sucks, pop culture references or not?
@3
You just described 99% of the hedge fund managers I’ve ever worked with (and there’s been a few), not to mention almost every Founder / CEO of a tech company. Many careers are made on a wild gamble (which was usually preceeded and followed by many wrong calls).
Start with my list with George Soros, and it with Paul Allen.
Whitney’s story is at least admirable, in that she’s not your typical candy-ass Ivy League douche with a secret love for corn-holing.
@4, MaryAnne, most definately. Low-maint…and gotta love those kinkykountrygals.
-BeckyBumpkinBlumpkinFan
@seaman– nice try, but we all know why you dislike Soros (probably has something to do with the fact that he doesn’t share your wing-nut, racist viewpoints).
Douche at 7, lets not compare Meredith Whitney to George Soros, Bill Gates and the like. That is laughable to say the least. Her firm will be a mere memory by next year and she will be thrown into the Blodgett pile.
The analyst game is the biggest crock in any wall st firm, most are throwing darts on a board and they constantly contradict themselves.
@5 “Gilligan’s Island” is not literature. It’s a TV show. Are you really that dumb?
@seaman – You’re right, Soros is just lucky. Lucky for him, he’s lucky about 98% of the time, decade after decade.
And this, right here folks, is why anything uttered by Seaman Bodine II should be immediately disregarded as the rantings of a rightwing idiot. Seriously, dude? You’re going to compare George Soros to Jim Cramer? Get the fuck out.
@12- thank you.
I think Macke and Cramer need a half hour forum every night after their respective shows to vent on CNBC. Drinking obviously required, and maybe Kudlow can stop by with some blow.
@12
Soros’ career was built on a great trade, which was essentially a great bet. Sorry if you think otherwise, but anyone around that shop over the years will tell you its true.
@10
Analyst game is a crock. But if you actually worked in the hedge fund business, you’d know it’s a crock too. That’s my point.
Porter Stansberry’s scrotum on your forehead.
@cowtippincricket FTW!
Also, @ AB
That may be true of Soros, but
1. How involved in the fund has he been the past I dunno, 5 or even 10 years? (not implying anything, asking)
2. While certainly not an expert on the man (soros), I’m routinely puzzled how the Fund co that bears his name does so well given his often insane political/philosophical beliefs and rants. Any idea?
@9
How do you know Soros isn’t a racist? For that matter, how do you know I am?
Seriously, because I don’t suck on a Prius talepipe, I’m a racist.
Or is because I asked if Vikram Pandit drinks his own urine?
@20- because I’ve read your comments.
Anal_yst
#1 – Quite involved
#2 – Don’t know
@3
At least Whitney was right once which is a hell of a lot more than I can say for Cramer. And, she would have been even more right (if there is such a thing) if C, BAC, et al hadn’t been bailed out.
Her comments were “Citigroup cannot survive without the addition of serious capital”. $45B and another $100B+ in guarantees sounds like some serious capital.
You’re an idiot who doesn’t realize how fucked the financial system is. Note “is” … not “was”.
The sad thing is that Cramer probably does think an allusion to Gilligan’s Island is hip, or literary … or anything other than assinine.
@22
way wrong…thanks for clarifying your igonorance
@7
You clearly don’t know what you’re talking about. Soros has put up numbers for almost 40 years.
@23 = MW
Racism is a dish best served cold, with fried chicken.
@26
Soros made a huge bet, which could easily have gone wrong. He then leveraged that success in order to raise a fair bit of capital, and from that point on, he gamed the system, not by trading “reflexivity”, but by hammering sales desks who wanted the flow.
If you’ve ever actually read any of his stupid, insipid, truly sophmoric books, you’d know the man to be quite a jackass.
And knowing the revolving door of COOs his firm has had over the years, I can tell you for a fact that his returns haven’t been anywhere near what his reputation suggests.
so soros’ long term returns
which are far above index….were made simply by hammering sales desks
get real
I feel like I’m arguing with a creationist …
@AB- you are. I think SBII is actually worse than a creationist. Avoid engaging at all costs.
@29, you are a jerkoff. Whos the idiot that hired you. Paulson and Soros are forward thinking and are usually at least one step ahead of the game. Paulson’s short call on housing wasn’t even genius it was plain common sense, he just had his eyes opened. Go back to sleep
Would love to know what “fund” you work for, they are probably taking the place apart as we speak
@28- (Funny) Sinner.
@33- If Soros were a rightwing nutbag, SBII wouldn’t be claiming he was an idiot. He paints anyone that is left of extreme far right as a chump who just got lucky (and usually throws in a “and he’s gay” for good measure).
@30
back that up
One thing very tough to discern is how Quantum Fund can post those returns with such a vast array of diverse positions.
Concentration and a catalyst are the elements needed to shoot the lights out.
From looking at his quarterly filings it is tough to discern much of anything. Perhaps his alpha is derived from that which he does not have to disclose to the SEC. Disclosed holdings look like an index ETF.
@37 – This might explain your problem:
http://en.wikipedia.org/wiki/File:Blind_monks_examining_an_elephant.jpg
Cramer, -13% from 2002-2008 in Action Alerts.
we all want to pound that bitch with the yellow fuck-me-pants.
@ 36
here is your backup
“Warren Buffett, from 1965-2005, has produced an annual average return of 21.5%, which is double the return of the S&P 500 – including dividends – over the same period of time. George Soros – the man that broke the Bank of England – generated an annual return of 30% through his Quantum Fund from 1970-2000, nearly three times the average return of the S&P 500. ”
http://www.lycos.com/info/george-soros–quantum-fund.html