Why CNBC shows Liar Jim Cramer Weekly? | Forex Factory

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Why CNBC shows Liar Jim Cramer Weekly?

  • #1
  • First Post: Dec 24, 2008 11:57pm Dec 24, 2008 11:57pm
Why CNBC shows Liar J1m Cramer Weekly?

This guys keep flip flopping....time and time again...

One week says Buy... The next week says Sell On Rally....

I am wondering such a "reputable" TV showing a screwed up analyst like him....It will make a lot of blind followers lose money....

What do u guys think???
Sonic
  • #2
  • Dec 24, 2008 11:59pm Dec 24, 2008 11:59pm
Inserted Video


One instance here...

Sonic
  • #3
  • Dec 25, 2008 12:02am Dec 25, 2008 12:02am
Quoting sonicdeejay
....It will make a lot of blind followers lose money....

What do u guys think???
Sonic
I think thats the point.
Living the adventure in my head.
  • #4
  • Dec 25, 2008 1:20am Dec 25, 2008 1:20am
Remember this interview link when Camer was essentially bragging about how he manipulated the market.......
Well now he's doing the same thing just on a grander scale.... It amazes me how many people follow that clown.

PS thanks for finding that link for me Leon.
Same Whore .... Different Dress
  • #5
  • Dec 25, 2008 3:01am Dec 25, 2008 3:01am
Quoting johnedoe
PS thanks for finding that link for me Leon.
Leon?? that was me who post t link?? anyway...

Can we send a request to CNBC not to air his show??

Sonic
  • #6
  • Dec 25, 2008 5:47am Dec 25, 2008 5:47am
Quoting sonicdeejay
Leon?? that was me who post t link?? anyway...
On Johnedoe's post........ where it says 'Link' in blue,........ Click on it.

Thats the link I found for him on a different occasion.

Leon
Living the adventure in my head.
  • #7
  • Dec 25, 2008 7:40am Dec 25, 2008 7:40am
hes not a clown. ... he called the fed thing right with the housing.
He's like the rest of the market; getting cut up in chop and praying for a turn. I mean, some of the cra that went on in 2008 is once in a generation type thing. Also, legally, these guys have to disclose their picks.
There are so many bad commentators on the market its almost silly.
Remember peter schiff? they almost through the guy out the window when he called a recession 1 year ahead of schedule. I kept the video because it was hillarious looking back. Hey, if he can announce something and move stocks in the market up a few points, maybe folks can make some money off it. Also, he is right on the etf's pushing entire sectors into the abysss.
I think also, his quality suffers when he does these shows every night. Like everone else, you make a lot of money and the research goes out the window. I would say; he made a ton of money on public BS. You can't focus on 300 gazzilion stocks and pick em right even part of the time. It just don't work that way.
  • #8
  • Dec 25, 2008 8:30am Dec 25, 2008 8:30am
Cramer is a very informative guy.

You may or may not like him -- he seems to polarize his audience.

However, he is very clear, he isn't telling you to make any trades. He's giving you information that you should use as a starting point to make your own decisions.

What he is not is a trading signal. If you think that is his purpose, then you will hate him. He also isn't a buy and hold investor. He is someone who knows a lot about how to make money on the stock market, and if you pay attention to him you might just learn something about that topic.

And, as said above, we have a 100 year storm in the financial markets... cut the prognosticators a little slack, would ya?
nav++
  • #9
  • Dec 25, 2008 8:39am Dec 25, 2008 8:39am
Quoting gvroom
Cramer is a very informative guy.

You may or may not like him -- he seems to polarize his audience.

However, he is very clear, he isn't telling you to make any trades....
Sorry, but all this "buy,buy,buy and "sell, sell, sell" are trading recommendations to me. A real bad ones.

About making a lot of money, well that's highly untrue. He got kicked out from GS for poor performance. Actually, he got kicked out once form CNBC.

The guy is there just for entertaining. CNBC needs those ratings in order to keep selling.
  • #10
  • Dec 25, 2008 8:43am Dec 25, 2008 8:43am
Quoting wiztrader
Sorry, but all this "buy,buy,buy and "sell, sell, sell" are trading recommendations to me. A real bad ones.
Doing exactly what Cramer says is just as silly as doing whatever some FX expert tells you to do.

The value in Cramer is in his explanations.
nav++
  • #11
  • Dec 25, 2008 5:44pm Dec 25, 2008 5:44pm
Quoting gvroom
Doing exactly what Cramer says is just as silly as doing whatever some FX expert tells you to do.

The value in Cramer is in his explanations.
Explanations.

I see, the excuses he gives when the Dow drops 500 points after he goes buy a day after. Theorizing about the markets like he does, won't make you money my friend. It's all fantasies made up to lure booyah fools . Are you one of them??
  • #12
  • Dec 25, 2008 6:15pm Dec 25, 2008 6:15pm
Quoting sonicdeejay
Why CNBC shows Liar J1m Cramer Weekly?

This guys keep flip flopping....time and time again...

One week says Buy... The next week says Sell On Rally....

I am wondering such a "reputable" TV showing a screwed up analyst like him....It will make a lot of blind followers lose money....

What do u guys think???
Sonic
This guy was a former Goldman Sachs Pump N' Dumper. That is how he made all his money, nuff said.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #13
  • Dec 25, 2008 6:40pm Dec 25, 2008 6:40pm
Quoting wiztrader
Explanations.

I see, the excuses he gives when the Dow drops 500 points after he goes buy a day after. Theorizing about the markets like he does, won't make you money my friend. It's all fantasies made up to lure booyah fools . Are you one of them??
LOL. I don't trade stocks.

However, as Forex traders I don't see how we can be upset at somebody who suggests buying and selling a lot as conditions change. He talks about things that are affecting market moods... investor psychology, behavior of major market players, things like that.

Did all you guys lose money blindly following some lightening round advice or something?
nav++
  • #14
  • Dec 25, 2008 6:49pm Dec 25, 2008 6:49pm
Quoting 4XWeezal
hes not a clown. ... he called the fed thing right with the housing..
He's an establishment hack. He makes the dumb money go in when the smart money is trying to get out or get the dumb money out when smart in trying to go in.

I remember one of the last shows I watched and it happened to be when Toll Brothers was in the 70's and the CEO was selling (so were Hovnanian and others). He said it was perfectly normal for CEO's to take profit and that everyone else should stay in and there was room to move north. Sure enough this was at the peak (looking back). The stocks all took a nose dive soon after. He also ripped a picture of Schiller on the show saying the guy didn't know anything (Schiller is part of the Case Schiller Index and called housing a bubble).

It's not a matter of him being right or wrong. He's there to move the dumb money in and out so the smart money can keep on keepin' on.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #15
  • Dec 25, 2008 7:07pm Dec 25, 2008 7:07pm
So then just short his recos if he's wrong so often.
  • #16
  • Dec 26, 2008 12:55am Dec 26, 2008 12:55am
Quoting sonicdeejay
Why CNBC shows Liar J1m Cramer Weekly?

This guys keep flip flopping....time and time again...

One week says Buy... The next week says Sell On Rally....

I am wondering such a "reputable" TV showing a screwed up analyst like him....It will make a lot of blind followers lose money....

What do u guys think???
Sonic
The traders that know what they are doing won't take his word for it and follow blindly. If you are foolish enough to to make your decisions based on financial media, you deserve to lose your money.
  • #17
  • Dec 26, 2008 3:08am Dec 26, 2008 3:08am
I think it's stupid to either buy or sell by taking advise from tv commentators, if they were correct most of the time they'd be running their own hedge funds. Perhaps tv commentators are being 'used' to bring up people's confidence in the market, because after all, the market is affected by peoples confidence, then just cover his ass later when he's wrong.

maybe some elites use this type of show to rally up the stock market temporarily to allow a few people to sell off their stocks?
could be a possibility. lol
  • #18
  • Dec 26, 2008 9:45am Dec 26, 2008 9:45am
Cramer is not on TV for TRADERS - he is there for INVESTORS - investors who do not make decisions for themselves and are looking for outside validation for their guesses.

If he bothers you that much exercise your freedom to cut the tube off.
  • #19
  • Dec 26, 2008 10:36am Dec 26, 2008 10:36am
Arent you all amazed at the power you have? You have the power to press the "Power" button on the TV and poof! he's gone. Problem solved for those that arent fans.
  • #20
  • Dec 26, 2008 10:44pm Dec 26, 2008 10:44pm
surley is hes wrong most the time just take the opposite of what he says?
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