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Paul Vigna skewers Jim Cramer as an "insufferable jackass": "He’ll never be honest with...

Paul Vigna skewers Jim Cramer as an "insufferable jackass": "He’ll never be honest with his viewers, because being honest apparently isn’t how you get viewers on CNBC... He knows stocks are overvalued. He knows stocks are rigged. But he still tells people to buy them."
Comments (36)
  • kknucklehead
    , contributor
    Comments (111) | Send Message
     
    Exactly right...cnbc loses credibility with this pumping fool....soon they will realize that ....
    3 Mar 2011, 05:53 PM Reply Like
  • User 81456
    , contributor
    Comment (1) | Send Message
     
    This guy has devolved into (at best) a ridiculous caricature of a Wall Street type, or (at worst) a paid infomercial-style tout. I pay zero attention to anything he has to say.
    3 Mar 2011, 06:03 PM Reply Like
  • wyostocks
    , contributor
    Comments (8906) | Send Message
     
    Two points please-
    1)CNBC has no credibility as the politicos from NBC have ruled the content and guests for way too long. Only exception to me is the Fast Money crew and a few select others.
    2)Cramer is an entertainer, and hopefully no one takes his advice seriously.
    3 Mar 2011, 06:05 PM Reply Like
  • bbro
    , contributor
    Comments (10314) | Send Message
     
    Psssst...the market is not overvalued....but keep believing it....OK??
    3 Mar 2011, 06:09 PM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    Echoes of 2007?
    3 Mar 2011, 06:37 PM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    waiting for the retest of the March '09 lows then I am getting reddy to buy then
    4 Mar 2011, 01:23 AM Reply Like
  • RyanDolan
    , contributor
    Comments (81) | Send Message
     
    If the leading economic indicators were to start to move as in 2007 then maybe... but to me at least, they look entirely different. In 2007 they were going down... right now they are accelerating up.
    4 Mar 2011, 03:45 AM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    Sure. I have heard that before. Statistically, I am SURE you will NOT buy if the market goes below 800. Unless, of course, it is with other people's money.
    4 Mar 2011, 08:32 AM Reply Like
  • kknucklehead
    , contributor
    Comments (111) | Send Message
     
    Sometimes reality is too funny..Hugo Chavez will mediate the difficult situation in Libya with Ghaddafii...

     

    probably why the $'s flowed to the still perceived "safe-haven"...but with Bernanke's fiscal policy...this too will turn...
    3 Mar 2011, 06:15 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4024) | Send Message
     
    House is a crude, jackass doctor, too. I still like watching his show, though.

     

    Somehow, even though I watch House, I've never diagnosed myself with amyloidosis.

     

    Leave Cramer alone - he's entertainment. Turn on Bloomberg when his show comes on, and take a nap.
    3 Mar 2011, 06:19 PM Reply Like
  • Matthew Green
    , contributor
    Comments (457) | Send Message
     
    I've learned a lot from him, for better or worse, good things and bad. There's nothing wrong with listening to a guy with near-encyclopedic knowledge of individual stocks but I wouldn't weight his advice more than anyone else's. Warren Buffet I might listen to a little closer, but back to Cramer. I fear he's setting himself up once again to take a lot of heat if the market corrects significantly, maybe Jon Stewart will have to bring him on again for Round 2.
    3 Mar 2011, 06:22 PM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    People who watch CNBC deserve what they get. I prefer the Cartoon Network.
    3 Mar 2011, 06:36 PM Reply Like
  • greenzulu
    , contributor
    Comments (217) | Send Message
     
    CNBC'S funnier. Unless you take their advice.
    3 Mar 2011, 06:45 PM Reply Like
  • Guy Fisher
    , contributor
    Comments (2) | Send Message
     
    You should let the results of his recommendations speak, a majority of his picks hit.
    3 Mar 2011, 06:46 PM Reply Like
  • cjmcclea
    , contributor
    Comment (1) | Send Message
     
    Sounds like Vigna is short
    3 Mar 2011, 06:56 PM Reply Like
  • Michael2343
    , contributor
    Comments (457) | Send Message
     
    Cramer makes up pointless, contrived explanations with the same conclusion every time. He tries to make them sound plausible so he always has a platform on which to yell that all stocks are going up forever, regardless if he's just a few hours ahead of the worst crash in history.
    3 Mar 2011, 07:02 PM Reply Like
  • Jake Huneycutt
    , contributor
    Comments (1381) | Send Message
     
    There are a lot of legitimate criticisms against Cramer, but I don't think that this is one of them. Reasonable people can disagree over whether the market is undervalued or overvalued right now.

     

    A better criticism of Cramer is that he's a momentum follower and often turns bullish on particularly stocks just when they are reaching their tops, and turns bearish when things are bottoming out. In other words, Cramer is even more emotional than your average investor.
    3 Mar 2011, 07:19 PM Reply Like
  • Scootger
    , contributor
    Comments (228) | Send Message
     
    Cramer is a good guy, he just needed to do something after he blew up his "hedge fund". When CRM goes to 20 people are going to be ticked off at him though.
    3 Mar 2011, 07:20 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    Paul Vigna,

     

    At least he tell to buy and try to make the money for some people. His intetions are good. What your telling to short? Instead of talking about someone tell your opinion. There are more crooks than Jim here.
    3 Mar 2011, 08:00 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    Paul:

     

    How you know the stocks are overvalue? You are the person probably will recommend to sell S&P at 666 and buy it at 5000. Now I know when to buy and sell.
    3 Mar 2011, 08:02 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    PV:

     

    Here are my predictions at December 2012
    DOW 26K
    S&P 4K
    Nasdaq 5K
    Gold 2500
    Silver 75

     

    Please tell me your predictions instead of kicking somebody becuase you are jeolous.
    3 Mar 2011, 08:05 PM Reply Like
  • nyuszika45
    , contributor
    Comments (633) | Send Message
     
    Hold on a moment, folks. We're vilifying the guy for actually working the reason for his paycheque. This is what he does for his money. Some folks are doctors and cure people - he is paid to shill the market.

     

    Remember, please, he works for the used-to-be-major-media, the PR engine for this week's most fashionable cause or the focus of the Washington administration's current "message".

     

    Let's not forget the reality of what we have here, ok?
    3 Mar 2011, 08:07 PM Reply Like
  • deercreekvols
    , contributor
    Comments (6700) | Send Message
     
    Cramer continually tells his viewers to do their own research and homework before purchasing a stock. What is wrong with that advice?
    He has interviewed many CEO's and gives them a chance to speak about their companies.
    I find nothing wrong with getting differing takes on the stock market. Mad Money is just one take on what is happening on Wall Street.
    The answer is simple: If you don't like Jim Cramer, turn the channel and don't buy his books.
    3 Mar 2011, 08:07 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    Paul Vigna,

     

    You and PV Herman have same initials. Are u related to him?
    3 Mar 2011, 08:21 PM Reply Like
  • jbowden2006
    , contributor
    Comment (1) | Send Message
     
    Let's look at the point of the show Mad Money it is for entertainment! I think Cramer does a great job helping folks understand the general market dynamics and the major players in the various sectors. Whether he picks the right stocks at the right time on his show is a complete gamble. A calculated investor should conduct the proper technical analysis to guage the proper buy timing.
    3 Mar 2011, 08:33 PM Reply Like
  • SSALarry
    , contributor
    Comments (235) | Send Message
     
    Paul Vigna? Never heard of him, probably dropped Cramer's name so folks would notice his comment.
    3 Mar 2011, 09:19 PM Reply Like
  • Yokyok
    , contributor
    Comments (330) | Send Message
     
    Here are my predictions at December 2012 ,2013, 2014, 2015 etc and so on...
    Jim Cramer will be an insufferable Jackass
    3 Mar 2011, 09:42 PM Reply Like
  • DinNYC
    , contributor
    Comments (75) | Send Message
     
    There is ZERO reason to even engage with you market bears, because you guys are the real insufferable jackasses. You continue to assault the market in an attempt to pull down the indices to find your entry points. You all failed and missed a low-volume rally beginning in March 09, and now you guys are double screwed as the recovery has kicked in and sidelined money has buoyed the markets even further. Now you jackasses are stuck holding your d***s while the rest of us grow our wealth. Yeah the SPX topped around 1500 and dropped about 60%. Thats a 60% wealth destruction. For you jerk***s who refused to acknowledge this rally, you have now missed almost a 100% rally off the lows. THAT is wealth destruction. Not making money is just as bad as losing money. Attacking jim cramer is easy because a guy like that will eventually be wrong and HAS been wrong. Cramer has a small following and the only thing his calls move are illiquid afterhours trades. You pick easy targets because you guys have looked like absolute fools for the past two years.

     

    Why dont you all just keep on whining and complaining on seekingalpha while the grownups are out here making money. I mean for crying out loud, we had a 20-something percent move in what, 6 months, and the middle east is in an uproar, oil is spiking, and the best you clowns could muster for a correction was spx 1300? 3%? Oh yeah, no rally here. No support here. No sidelined money flooding in here.

     

    All of you, stay right where you are and keep doing exactly what you do. In fact, do it louder and more frequently. it just makes it easier for us bulls. In this instance, the expression "the grass is always greener on the other side" couldn't be farther from the truth.
    3 Mar 2011, 10:01 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4024) | Send Message
     
    I think you're commenting on the wrong article....

     

    Nice rant, though. ;)
    3 Mar 2011, 10:08 PM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    I'm not in the market.

     

    Even if I wanted to play the game I wouldn't because it's rigged, an immoral casino dressed up as a market.

     

    The chapper is that it phuks over the entire economy, and punishes people the world over, real - normal - people who just want to feed their kids and have a roof over their heads instead of a golden toilet and power to compensate for a lack of character.
    3 Mar 2011, 11:06 PM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    Two thumbs down but no text response.

     

    It is either frustration or defeat or ?
    4 Mar 2011, 01:45 AM Reply Like
  • greenzulu
    , contributor
    Comments (217) | Send Message
     
    Have patience. The Europeans will raise rates. The dollar fall will become very expensive in terms of gas and food. Bernanke will start to make noises about tightening as oil skyrockets. And there will be a sell off. How long, how deep, is not knowable, because there are lots of moving parts in play.
    6 Mar 2011, 10:52 PM Reply Like
  • centermid
    , contributor
    Comments (31) | Send Message
     
    A few years ago I had the Series 7 & and Series 66 brokerage licenses. If I had done what Cramer does I would have had them yanked from me pronto!
    3 Mar 2011, 10:35 PM Reply Like
  • jimbrewer
    , contributor
    Comments (6) | Send Message
     
    Tigersam-
    December 2012 predictions.

     

    Dow- 13,500
    S&P- ?
    Nasdaq- ?
    Gold- 1,200
    Silver- 25
    Gas- 2.50
    $ Index- 80
    My debt- 0
    3 Mar 2011, 11:32 PM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    You must be Ben Bernanke...
    4 Mar 2011, 01:55 AM Reply Like
  • nyuszika45
    , contributor
    Comments (633) | Send Message
     
    If wishes were horses, we'd all eat horsemeat...
    4 Mar 2011, 07:39 AM Reply Like
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