In Defense Of Jim Cramer - Gawker Comments

In Defense Of Jim Cramer

heroinandpeeps — Tue, 18 Mar 2008 12:11:27 EDT

@Furious George: Hell, yes. Wearing question marks after Labor Day, and he gets away with it! So suave.

heroinandpeeps

In Defense Of Jim Cramer

Furious George — Mon, 17 Mar 2008 16:29:10 EDT

@heroinandpeeps: LOL, that guy is awesome. Admit that you're jealous of his stylistic flair. I know I am.

Furious George

In Defense Of Jim Cramer

heroinandpeeps — Mon, 17 Mar 2008 16:10:25 EDT

I take my investment advice from that manic inofmercial guy who wears all those question marks on his suit. He's like a cross between the Riddler and an existential crisis, but he's damn good at getting free money from the Us government. Like last year, he got me $60,000 for attending a trade show. $100,000 for buying a lollipop from mom and pop store. $35,000 to string along a girlfriend. $6 million to open up a shop selling ice cream with hair in it.

heroinandpeeps

In Defense Of Jim Cramer

gawksFromaRock — Mon, 17 Mar 2008 16:07:43 EDT

Right, it's all their money.

gawksFromaRock

In Defense Of Jim Cramer

ADismalScience — Mon, 17 Mar 2008 15:27:45 EDT

@donmiguel:

No offense, but this really doesn't express an understanding of the Fed or monetary policy.

ADismalScience

In Defense Of Jim Cramer

donmiguel — Mon, 17 Mar 2008 14:42:09 EDT

Ride this fucker out? Isn't that what got Spitzer in trouble?

As for Bear, Stearns, I love how generous the Fed is with my money. I make a mistake with my money, I get bitch slapped by the invisible hand. When the rich make a mistake with their money, they get protected from the invisible hand -- with MY money. Bernanke was wrong on this one.

donmiguel

In Defense Of Jim Cramer

Furious George — Mon, 17 Mar 2008 13:28:39 EDT

I don't see what's wrong with anything he just said in the above clip. If you're a Bear-Stearns client, and you've got significant assets under management, why in the holy fuck would you liquidate those assets NOW, in quite possibly the worst time imaginable to do so?

Ride this fucker out. Ride it. Giddyup.

Furious George

In Defense Of Jim Cramer

Bos'un's Mate — Mon, 17 Mar 2008 12:50:07 EDT

Between 'Fubar' and 'Bear', it's not been a great week for ironically named institutions.

Bos'un's Mate

In Defense Of Jim Cramer

TomCruiseDiedforYourSins — Mon, 17 Mar 2008 12:38:11 EDT

@bittergreen:

Why are you blaming K-Fed for this?

TomCruiseDiedforYourSins

In Defense Of Jim Cramer

TomCruiseDiedforYourSins — Mon, 17 Mar 2008 12:36:35 EDT

@dado:

God, I love you. 48 Hrs = Top 5 films.

TomCruiseDiedforYourSins

In Defense Of Jim Cramer

Truculent — Mon, 17 Mar 2008 12:35:48 EDT

Anyone taking investment advice from a shouting television loon deserves whatever they get. Last year I went out to Denver for a trade event and we were sharing the convention center with one of these "flip real estate to make millions" rolling road shows. The damn plce was packed with people who threw down over a grand for the entry ticket and the information packet. Part of the presentation was piped out into the hallway to accomodate the folks who arrived late or could not scrape up the bucks. Most of the people falling for this con job were desperate, down to their last buck, and probably had no chance in hell of making millions much less recouping their investment. One by one they shambled up to a microphone to tell why they decided to skip dialysis, or chemo, or the mortgage payment this month to attend such a valuable seminar. Afterwards they wandered about excitedly discussing their plans for spending the piles of cash that would soon be coming their way. I felt ashamed to be in their presence.

Truculent

In Defense Of Jim Cramer

bittergreen — Mon, 17 Mar 2008 12:35:37 EDT

Now would be a perfect time for him to throw a monitor at a rep from the NY-Fed on his television show like he did to the traders at his hedge fund.

Lets face it. It's not Bear's fault. It's the Fed's fault for not opening up their discount window soon enough to brokerages, and NY-Fed's fault for making them eat JPM's offer.

bittergreen

In Defense Of Jim Cramer

KingOfSnake — Mon, 17 Mar 2008 12:32:00 EDT

@McCheeburger: Not only that; Cramer's hedge fund managed some of Spitzer's assets. And when Spitzer was state AG, do you think he investigated Cramer's fund?

The SEC did; Spitzer didn't. Wonder why. Must be because Spitzer is One Of The Good Guys! Looking Out For The Small Investors!

OK, I'll stop now.

KingOfSnake

In Defense Of Jim Cramer

Dusty in the Wind — Mon, 17 Mar 2008 11:42:29 EDT

But the Poetic Justice index sees record gains...

Dusty in the Wind

In Defense Of Jim Cramer

worth79 — Mon, 17 Mar 2008 11:38:33 EDT

i guess he meant buy puts...

worth79

In Defense Of Jim Cramer

vulturesquadron — Mon, 17 Mar 2008 11:19:59 EDT

Cramer plays an indispensible role on the Street: he's the guy that pawns risk off to the know-nothing stay-at-home-dad day traders in the midwest. It took Wall Street this long to figure out that all they needed to do was shout.

vulturesquadron

In Defense Of Jim Cramer

The Real JR — Mon, 17 Mar 2008 11:10:55 EDT

@TheHonJudgeSmails: Actually my fave brand, Charmin Ultra, is at $4.99. So less than toilet paper.

The Real JR

In Defense Of Jim Cramer

arirang — Mon, 17 Mar 2008 11:10:08 EDT

liar liar pants on fire.
He's not the worst of them though, he's just the dude w/a show so he's an easy target to blame.
it's all the other fuckers who kept letting all of these transactions through b/c they were making money off of them, even as they were gutting the economy.

arirang

In Defense Of Jim Cramer

ADismalScience — Mon, 17 Mar 2008 11:07:31 EDT

Well, they weren't in trouble. Then, y'know, they fucking were. That's what happens when all your investors decide they want their money back at once.

ADismalScience

In Defense Of Jim Cramer

In Other News... — Mon, 17 Mar 2008 11:03:22 EDT

"I know Bear Stearns. He's a friend. And... and... I just cannot believe this is happening! I mean, think of his wife! The children! They're so... so... they're just wonderful people. Bear Stearns is still my friend. I mean... um, look. People go through difficulties. Bear Stearns is a person, just like us. And he's a friend. I love him!"

In Other News...

In Defense Of Jim Cramer

MisterHippity — Mon, 17 Mar 2008 11:01:54 EDT

Crazy Jimmy!

His stock tips are insane!!

MisterHippity

In Defense Of Jim Cramer

gawksFromaRock — Mon, 17 Mar 2008 10:58:51 EDT

Client 10...?

gawksFromaRock

In Defense Of Jim Cramer

gawksFromaRock — Mon, 17 Mar 2008 10:57:32 EDT

What a silly guy..!

gawksFromaRock

In Defense Of Jim Cramer

hamburgerhotdog — Mon, 17 Mar 2008 10:41:29 EDT

If he tanks it'll ruin the resale value of my Mad Money koosh-brand BOOYAH stress reliever foam bulls on eBay. They're excellent for throwing at college interns and Maria Bartiromo sure loves to squeeze them.

hamburgerhotdog

In Defense Of Jim Cramer

McCheeburger — Mon, 17 Mar 2008 10:35:47 EDT

Ahahaha!

Sweet schadenfreude! Kramer and Spitzer went to Harvard together.

Presumably they were legacies or Harvard's acceptance standards were really low that year.

McCheeburger

In Defense Of Jim Cramer

meerkat — Mon, 17 Mar 2008 10:34:05 EDT

@TheHonJudgeSmails:
He's had some of those? Really?

meerkat

In Defense Of Jim Cramer

smithhimself — Mon, 17 Mar 2008 10:32:42 EDT

Meanwhile...Simon & Schuster has done really well with his books. Suitable for doorstops.

smithhimself

In Defense Of Jim Cramer

Rugged Zero — Mon, 17 Mar 2008 10:32:15 EDT

Anyone sufficiently ignorant and willing enough to take advice on money matters from this Wall Street version of Jim Bakker NEEDS to lose his/her bankroll.

Rugged Zero

In Defense Of Jim Cramer

dado — Mon, 17 Mar 2008 10:31:35 EDT

To quote Nick Nolte's boss in "48 Hours", "Just because you say it with conviction doesn't make it true." You can find anything you need in that movie. The Indians name? Billy BEAR. He got finished, too.

dado

In Defense Of Jim Cramer

TheHonJudgeSmails — Mon, 17 Mar 2008 10:31:32 EDT

@meerkat: Nope. But he sure as shit loves to trumpet his "good calls".

TheHonJudgeSmails

In Defense Of Jim Cramer

fiveinchtaint — Mon, 17 Mar 2008 10:30:26 EDT

@Sarcastro: I'm going long on Padma Lakshmi.

fiveinchtaint

In Defense Of Jim Cramer

meerkat — Mon, 17 Mar 2008 10:30:26 EDT

Does this guy EVER express any remorse for his loony (and usually wrong) advice?

meerkat

In Defense Of Jim Cramer

Sarcastro — Mon, 17 Mar 2008 10:28:53 EDT

All my money is in Hookerfutures.

Sarcastro

In Defense Of Jim Cramer

Sargasm — Mon, 17 Mar 2008 10:28:39 EDT

I knew there had to be a reason he was reasonably subdued on the Today Show this morning.

Sargasm

In Defense Of Jim Cramer

Sarcastro — Mon, 17 Mar 2008 10:26:02 EDT

I had a stern bear once. Once.

Sarcastro

In Defense Of Jim Cramer

TheHonJudgeSmails — Mon, 17 Mar 2008 10:23:21 EDT

By the by, Hamilton:

"Bear's stock price last Tuesday: over $60. Bear's stock price today: toilet paper."

Is genius.

TheHonJudgeSmails

In Defense Of Jim Cramer

TheHonJudgeSmails — Mon, 17 Mar 2008 10:22:40 EDT

Somebody fucking muzzle this guy already. Or get him a bark collar.

TheHonJudgeSmails

In Defense Of Jim Cramer

fiveinchtaint — Mon, 17 Mar 2008 10:20:54 EDT

To be fair, he was distracted by his good buddy Spitzer's unfortunate situation. Right?

Tanqueray and Tab. Keep 'em coming.

fiveinchtaint

In Defense Of Jim Cramer

Koreanish — Mon, 17 Mar 2008 10:20:31 EDT

Did he lose his show yet?

Koreanish