Dan Schmeidler

Jim Cramer's 10 Predictions for 2008

Stop bashing on this Cramer guy. It's pointless and not contributing to any direction on how to treat his stock predictions. If my opnion about him helps, I see him as someone who is simply motivated by his fearlessness of the markets. He survived hell when he was working professionally as a hedge fund manager, and now, he lingers around as a quasi semi-retiree because he feels that this is the kind of enjoyment (for him, at least) that he should have had in the first place when he worked on wall street. He also seems to have some kind of obsession with trading, which he readily would admit to. If you read his book "Confessions of a Street Addict", he will formulate to you $ by $ on how he made his millions. He gives you all the trades (generally by sector, or the maket as a whole), the time, and even the payout $$. This guy had a lot of guts (or the stupidity of a dare devil). He would borrow VERY heavily and cash in on big one or two day payoffs. His timing of the market was everything. Plus the fact that he is probably crazy helps him.