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Jim Cramer
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Listicle
What is the World's Shittiest Blog?
I'm guessing that Time's "Most Overrated Blogs" feature doesn't include Tumblrs. There's a readers' poll that goes with the article—we're on it, natch—but I like that Time has picked a few blogs out for particular ridicule. "Reading Slashdot these days is like visiting the IT guy at work. He's infuriatingly smug and cares passionately about stuff you don't care about, and views your lack of interest as further confirmation of his intellectual superiority. Enjoy." Jim Cramer's money.com rantings? "The place to go to be reassured that the financial market is fine, just fine and Bear Stearns isn't in any trouble at all. Be sure to check back later in the day to see if Jim has posted any updates." More »
jim cramer
Now That's The Pay Deal I Want
Jim Cramer just hates unfair pay packages for corporate bigwigs who get it wrong: a recent decision to overlook mortgage losses and preserve executive bonuses won the board of Washington Mutual a place on the CNBC anchor's Wall of Shame. But Cramer's own compensation bears no relation to his track record as a financial analyst. More »
financial panic
Jim Cramer Defends His Position, Is Still Hated
"Mad Money" host and bug-eyed madman Jim Cramer went on CNBC today to clarify his statements from last week about Bear Stearns, when he urged people not to move their money out of the firm. As we pointed out earlier in his defense, he was not referring to the company's stock, and his advice was actually perfectly sound. "Do you know what would happen on this show if I came out and said I want everyone to take their money out of X bank?" he ranted today. "Jim Cramer causes a run on X bank!" As it turns out, the run on the bank happened anyways. This video, originally posted on YouTube, features Cramer's defense today along with some, ahem, editorial comments against him; we have to say we still agree with him in this particular case. Although we would never take his stock tips. Click to watch the clip.
mad money
In Defense Of Jim Cramer
"Bear Stearns is not in trouble!" Jim Cramer, CNBC's bug-eyed "Mad Money" host who is to finance what Carrot Top is to comedy, shouted last Tuesday. "Don't move your money from Bear! That's just being silly." The immediate reaction to seeing his advice in the wake of Bear's collapse is: what an idiot. But really, his advice was not bad! Cramer—a famously bad prognosticator—noted that Bear would, at worst, be taken over, meaning those who had money with the firm would have their investments guaranteed by a more deep-pocketed buyer. Which is exactly what happened when JPMorgan bought Bear over the weekend. Note that he was not speaking about Bear's stock price [last Tuesday: over $60. Now: toilet paper]. What have we learned? Only Wild Jim Cramer can stop the collapse of the American economy. Click to watch the crazy savant's ill-fated harangue. [via WJNO]
eliot spitzer
Jim Cramer Is A Full-Spectrum Emoter
The CNBC TV host is best known for his sweating bullishness on certain stocks and his on-screen anger whenever the Fed lowers rates too tentatively for his liking. This morning, speaking with Today's Meredith Vieira, the stockmarket pundit showed his command of the full range of live television emotions. Cramer is an old law-school friend of Eliot Spitzer, the scandal-ridden Governor of New York, and the embattled politician's wife, Silda. "I love him, and I love Silda," said Cramer. "He will still always be my friend... I obviously didn't know him as well as I thought." Anodyne stuff; but watch the clip. The CNBC yeller nearly breaks down.
journalismism
Jim Cramer, Untouchable
Financial news network CNBC is in a tiff with the financial magazine Barron's, according to a ponderous but awesome story by the Columbia Journalism Review's Dean Starkman. Barron's decided to investigate CNBC meal ticket Jim Cramer, host of "Mad Money," and the network got pissed. The Barron's story began as a look into whether Cramer's stock picks might be leaking before broadcast somehow, which scared CNBC so much that it scurried around spending money on lawyers and sweating until that line of investigation was dropped. The final version of the piece didn't mention that, but it did say that Cramer's stock picks don't generally beat the overall market—not a stunning conclusion to financial types, but poison to Cramer's viewing audience, who watch him with hopes of getting rich. Now the TV network is so mad that it has mostly stopped inviting Barron's reporters onto shows. Starkman comes to the conclusion that both sides made some mistakes, but CNBC is almost totally wrong, while the Barron's story is mostly correct. So why the snippy move to ban the (innocent) reporters from the air? That's the most shine anybody at Barron's can hope for in their day-to-day life. End the embargo! [CJR] Remember: if you upset Jim Cramer, he goes PSYCHO like THIS: More »
Mad Cramer
By all means watch James Cramer for the shouting, sweating show that he puts on. But don't actually take seriously any of the Mad Money showman's investment tips. In an on-air bet with a commodities bull, for $50,000, The CNBC host confidently predicted financial stocks would outperform other sectors in 2007. Oops. [New York Post]
By all means watch James Cramer for the shouting, sweating show that he puts on. But don't actually take seriously any of the Mad Money showman's investment tips. In an on-air bet with a commodities bull, for $50,000, The CNBC host confidently predicted financial stocks would outperform other sectors in 2007. Oops. [New York Post]
overlooked
Mad man predicts Bloomberg to buy New York Times
Buried in his column in New York Magazine (see item #9), Jim Cramer passes on some gossip that's been going round town: that Michael Bloomberg's financial information company, which rents out terminals to Wall Street traders, is the logical acquirer of the Sulzberger family's vulnerable newspaper. The name of the TV pundit's show, Mad Money, doesn't exactly inspire confidence; nor do the bizarre money manager's notoriously erratic stock picks. But he is well-connected. And it's not the craziest notion: New York's mayor says he's not running for president; ownership of the Times would preserve his influence once his term is up.
Fox Business Network "could end up looking a lot like CNBC, at least during the trading day." Roger Ailes "tried to entice superstar Jim Cramer... Ailes will probably approach the network's other brand name, Maria Bartiromo, whom he first put on air in 1993, when her contract expires in two years... And he may be interested in hiring Liz Claman, the former CNBC anchor, after her noncompete agreement ends in mid-October." Also: Rupert Murdoch might be considering a cash settlement to end the exclusive arrangement between CNBC and the Wall Street Journal. UPDATE: Well, that may not be true about Jim Cramer. Apparently no one wants him, no matter what he puts out there! [BW]
gossip roundup
Jim Cramer Thinks Cornrows Belong In A Field In Iowa
Jim Cramer, in re that crazy-ass outburst: "I want my conscience clean... You're supposed to be cool and calm (when you talk on TV), but I kinda wanted to look at the world and say, 'I spoke up'... I'm done speaking up... I've done what I had to do." We want to believe you, Jim, we really do. [TVNewser]
freaking out
Ah, finally it appeared on YouTube! We don't even know what he's talking about, but here's three minutes of Jim Cramer on CNBC losing his mind. It sounds kinda bad! If any of us OWNED ANYTHING AT ALL we'd maybe be worried.
Jim Cramer Flips Wig Over Mortgage Rates Or Something
Ah, finally it appeared on YouTube! We don't even know what he's talking about, but here's three minutes of Jim Cramer on CNBC losing his mind. It sounds kinda bad! If any of us OWNED ANYTHING AT ALL we'd maybe be worried.
sympathy for the devil
If You Ever Bought The 'WSJ' You'd Be Steamed Right Now
The Bancroft family will send its proposal for a board to preserve the Wall Street Journal's editorial independence to Rupert Murdoch as early as today. In the wake of yesterday's organizational realignment by new Managing Editor Marcus Brauchli—which sends Jim Cramer into paroxysms of fury—the paper announced it will raise its newsstand price to $1.50 an issue, which is less significant than it seems because no one actually buys the Wall Street Journal, they get it free at work. As the union representing Dow Jones employees flails about in its efforts to find an alternate bidder to Murdoch, the Guardian's Roy Greenslade defends the News Corp. head: "He knows how to run papers."
contrived meritocracy as ideological state apparatus
But Can Sanjaya Balance Traditional Strategies With Cutting-Edge Arbitrage Opportunities?
In the Wall Street Journal Weekend Edition, Karen Richardson has a wonderful story about World's Second Richest Person Warren Buffet — he's a bit like John the Baptist to Bill Gate's Jesus — and how he's cutely put out an A.P.B. for a man (yes, MAN; let's not kid ourselves) to replace him as Berkshire Hathaway's Chief Investment Officer. You can imagine the meta-narrative all this fits into:Now, the résumés are flooding in — and the process is turning out to be every bit as unconventional as the billionaire investor himself. Among the 600 or so applicants so far: a Talmudic scholar who picks stocks from home, a Canadian economist with an intense yoga practice and even a four-year-old.More »
remainders
Remainders: Katie Couric's Happiness
media bubble
• So how do Time Inc. mags cover the Dick Parsons-Carl Icahn battle of Time Warner? Just like they cover anything else, insists John Huey. [MW]
• Jim Cramer's crazy shtick sells big. [NYT]
• Rupert Murdoch likes Time Warner and Google, doesn't like the video iPod or the Viacom split, and promises a CNBC rival in 2006. Because what the world really needs is more Neil Cavuto. [Newsweek]
• Elle goes green for a month. [WWD]
Media Bubble: Super Bowl Censors Were Under FCC's Thumb
• We're shocked shocked that ABC killed the words "cum" and "cock" from Stones songs at the halftime show last night. [AP via WP]• So how do Time Inc. mags cover the Dick Parsons-Carl Icahn battle of Time Warner? Just like they cover anything else, insists John Huey. [MW]
• Jim Cramer's crazy shtick sells big. [NYT]
• Rupert Murdoch likes Time Warner and Google, doesn't like the video iPod or the Viacom split, and promises a CNBC rival in 2006. Because what the world really needs is more Neil Cavuto. [Newsweek]
• Elle goes green for a month. [WWD]
