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Outtanames999
22 Comments
Wyndham Worldwide Corporation Q1 2008 Earnings Call Transcript
Bear Stearns Gets Emergency Funding From NY Fed, JP Morgan
If we have learned anything from the latest Wall St. con game it is that the tape does lie. It lies because it is created by con men who are manipulating the market. Call them institutional traders, call them hedge fund managers, call them whatever you like. But they are on a sure road to jail. Anyone who created and sold the more exotic derivatives, several layers above the actual mortgage backed tranches deserves to go to jail - and so does anyone making money now on the way down. Trust me, you are better off in jail than facing an angry lynch mob of investors.
Tracking Jim Cramer's Performance: January 2007 Stock Picks
As others have pointed out, it is folly to look back at his picks a year later. You need to do more homework on his calls than that.
Now Cramer himself seems to claim on the show that he told you when to sell, but the truth is, most of the time he doesn't or it is so fleetingly mentioned that you will miss it and hold on too long.
At the end of the day, though, the net effect of Cramer's picks is really very little different than a stock touter. He may blather on for 20 minutes with a pitch about the finer points of some company, but when all is said and done, the Cramer effect will kick up the stock (usually instantaneous as can be seen on the scrolling ticker on the screen during the show) and then the stock will die down - just like a penny stock. In fairness, though, when the DOW itself is doing a dead cat bump and looks like a penny stock, how can anyone counteract that?
Cramer is at his best when he speaks about the controlling factors at work in the market, what is going on, and what should be going on. "They know nothing" proved to be right. He embarrassed the Fed into action. Now let's see if he can embarrass the entire market back into a rising tide. It's a big job, but I personally don't see anyone else out there who even comes close to being capable of doing it. Let's hope Cramer can. None of you turkeys hanging around here could possibly do it, that's for sure. If you can, get to work!!
Bear Stearns Gets Emergency Funding From NY Fed, JP Morgan
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