OOOPS! Jim Kramer got this one wrong | Forex Factory

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OOOPS! Jim Kramer got this one wrong

  • #1
  • First Post: Mar 18, 2008 8:35am Mar 18, 2008 8:35am
This is a fine example of how your own research and opinions outweigh those of any expert (and not-so-expert) advice that you may seek.

Jim Kramer on Bear Stearns
  • #2
  • Mar 18, 2008 8:37am Mar 18, 2008 8:37am
Oh, you mean there's things Cramer actually got right?

Can't stand the guy.
Trust price. Know yourself.
  • #3
  • Mar 18, 2008 8:40am Mar 18, 2008 8:40am
..he said dont be silly...did you hear that? lol..

Quoting philmcgrew
This is a fine example of how your own research and opinions outweigh those of any expert (and not-so-expert) advice that you may seek.

Jim Kramer on Bear Stearns
  • #4
  • Mar 18, 2008 8:43am Mar 18, 2008 8:43am
At that time Bear share @62$/share..he made 60$ miss.It's a lot.
  • #5
  • Mar 18, 2008 8:44am Mar 18, 2008 8:44am
P.S. the related video we've all seen is also precious in retrospect now http://www.liveleak.com/view?i=de8_1186355765

Funny, the related videos for that one read:
//
crazy man
crazy man with cutter u wud think he was from hostel

Man sets himself on fire

Mann flippt aus / Man goes crazy
//

How fitting are those titles today?


"And a quick reminder..."
Trust price. Know yourself.
  • #6
  • Mar 18, 2008 8:53am Mar 18, 2008 8:53am
It's easy to be a bull in a bull market. Now that things aren't going so well, his lack of intelligence, insight, analysis, and common sense is coming through.

Just because someone talks loud doesn't mean you should listen. Some of the dumbest people I know are also the loudest.

This man is stupid. Plain and simple.
  • #7
  • Edited 9:52am Mar 18, 2008 9:36am | Edited 9:52am
Wonder how much that moron got paid to bring forward he's thoughts and believes? Did he even throw in any analyzes or just "do not sell, do not sell" sentences?
Measure twice, cut once
  • #8
  • Mar 18, 2008 2:09pm Mar 18, 2008 2:09pm
it didnt sound like he was talking about the stock...the way i heard it, he was saying not to "pull money" out of their banking side, which isnt all that bad advice since the fed rescued the depositors.

and wasnt cramer the one screaming at bernanke a while back for acting too slow? i was critical of cramer at that time (i never like to see people disrespect the fed chairman) but turns out he was dead right and now the fed is trying to play catch up.

btw, why do i always find myself on the unpopular side of the debate? LOL
Relax and be happy.
  • #9
  • Mar 18, 2008 2:19pm Mar 18, 2008 2:19pm
It's an ongoing debate as to whether he was referring to the stock or referring to simply Bear's cash liquidity.

Given the context of the show, it's a no brainer. Nobody calling into Jim's show is going to be a prime broker client concerned about Bear's cash liquidity. These are stock traders/holders calling in, plain and simple.
  • #10
  • Mar 18, 2008 2:49pm Mar 18, 2008 2:49pm
Merlin,

I certainly respect being on the fun (controversial) side of an argument but in this case I think Trader KGB is correct. The yahoos that worship and phone Jim Kramer aren't hedge fund managers looking for a hot tip. It's Joe Six-pack confusing entertainment with advice.

Kramer even showed a stock chart. If it was a liquidity question there would have been more telling data than the BSC stock price.

Remember Leonard the Wonder Monkey? The primate who randomly picked stocks and had a better track record than Kramer.
  • #11
  • Mar 19, 2008 1:19pm Mar 19, 2008 1:19pm
yeah i can see the point here...its a show for retail traders who wouldnt even care about liquidity.

well whatever the call was, i still have a lot of respect for mr. cramer. he seems like an honest and straightforward guy, with good intentions, and i always respect that. although his audience is unsophisticated, he is a pretty smart guy and i admit i have learned a few things watching his show. although i dont watch CNBC for the educational value, more for entertainment which he also does well

btw, what do you guys think of "smart money"? thats a pretty good show, no?
Relax and be happy.
  • #12
  • Mar 19, 2008 1:38pm Mar 19, 2008 1:38pm
Quoting merlin
yeah i can see the point here...its a show for retail traders who wouldnt even care about liquidity.

well whatever the call was, i still have a lot of respect for mr. cramer. he seems like an honest and straightforward guy, with good intentions, and i always respect that. although his audience is unsophisticated, he is a pretty smart guy and i admit i have learned a few things watching his show. although i dont watch CNBC for the educational value, more for entertainment which he also does well

btw, what do you guys think of "smart money"? thats a pretty good show, no?
If that's the show after the bell with the panel of traders. That is a great show..
  • #13
  • Mar 19, 2008 1:51pm Mar 19, 2008 1:51pm
Daily show does financial news.

http://bigpicture.typepad.com/commen...y-central.html




If they could do market analysis every day.....
Just Trade It
  • #14
  • Mar 19, 2008 3:10pm Mar 19, 2008 3:10pm
Quoting merlin
btw, what do you guys think of "smart money"? thats a pretty good show, no?
Great show, I just wish they would cover currencies.. I like to hear their broader market analysis, but tune out once they deal with individual companies. Kudlow's show is great too. He's steadily joined the ranks of Jim Rogers and Ron Paul on lambasting the Fed for their USD decimation policy.

I just signed up for CNBC+, and I have to say, that Amanda Drury on CNBC Australia is so much more pleasing on the eyes than Cramer during the 6pm hour..
  • #15
  • Mar 19, 2008 3:26pm Mar 19, 2008 3:26pm
Quoting Trader KGB
Great show, I just wish they would cover currencies.. I like to hear their broader market analysis, but tune out once they deal with individual companies. Kudlow's show is great too. He's steadily joined the ranks of Jim Rogers and Ron Paul on lambasting the Fed for their USD decimation policy.

I just signed up for CNBC+, and I have to say, that Amanda Drury on CNBC Australia is so much more pleasing on the eyes than Cramer during the 6pm hour..
She's no Erin Burnett

Maybe this could be like the Ginger vs. Mary Ann debate only this one is for trading geeks.
  • #16
  • Mar 19, 2008 3:31pm Mar 19, 2008 3:31pm
Quote
Maybe this could be like the Ginger vs. Mary Ann debate only this one is for trading geeks
He he he. Good one!
Carpe Divitiae
  • #17
  • Mar 19, 2008 4:48pm Mar 19, 2008 4:48pm
Quoting Trader KGB
.......... and I have to say, that Amanda Drury on CNBC Australia is so much more pleasing on the eyes than Cramer during the 6pm hour..
And just as important the ears too. Cramer should put a sock in it.

I also agree Fast Money is a damn good program. Market banter with only a little entertainment thrown in. All the rest of the hours you have to search to find a nugget or two. No thanks.
  • #18
  • Mar 19, 2008 4:58pm Mar 19, 2008 4:58pm
Quoting SunTrader
All the rest of the hours you have to search to find a nugget or two. No thanks.
Exactly. The other great thing about the Fast Money guys is being actual traders, they don't flinch about shorting a stock or suggesting a short. Whereas nearly any other commentator on the network follows the long-only corporate mantra.

Quoting philmcgrew
She's no Erin Burnett
Haha. Well if the whole gang is in the running, my money is on Rebecca Jarvis, I can't wait until she gets her own hour. That'll be the happiest trading hour of my day.
  • #19
  • Mar 20, 2008 12:45am Mar 20, 2008 12:45am
Quoting Trader KGB
Exactly. The other great thing about the Fast Money guys is being actual traders, they don't flinch about shorting a stock or suggesting a short. Whereas nearly any other commentator on the network follows the long-only corporate mantra.
And since the uptick rule was removed back in july of 07 you can short those stocks with the clik of the mouse...........
Same Whore .... Different Dress
  • #20
  • Mar 20, 2008 2:10pm Mar 20, 2008 2:10pm
Quoting Trader KGB
Haha. Well if the whole gang is in the running, my money is on Rebecca Jarvis,
yup, been a fan since she broker her leg for The Donald!
Relax and be happy.
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