doc_hawkins

Cramer's Mad Money - When the Facts Change...(10/23/09)

Oct 08 The Market was in correction
Oct 09 The facts have changed
I would dismiss the 5 year part. No one including the Soviets were good at 5 year plans.

S&P 500 - Ten Stocks to Avoid

In the equipment world buying Cat is like in the Tech mainframe world by IBM. In the very short term you may have a bit of credibility after this rally for maybe a month
But after the buying opportunity is in it will be crystal clear you and your stats have no clue as far as Cat is conserned

Cramer's New Report Card: He Passed

2005 to 2007
Lets see 2008 to present
I can usually pass a test on an easy subject

I am not bashing Cramer but make a conclusion on relevant data

He did predict the drop last fall and hinted on the downturn last Feb but this article simply does not cover a large enough period to believe the title.

How Was March a Bad Month?

Hmmm
The banks were shorting stocks yet they got protection for shorting last fall.

If you have a gun you can rob a bank
If you have a bank you can rob anything

Don't Watch CNBC

I believe John Stewart and Jim Cramer should switch shows for a week or at least one night. Cramer would be a better comedian and Stewart will know how it feels to stick his neck out.




1. Cramers 25 rules for investing reprinted here
2. Wait 5 days before committing money one of Cramer's suggestions
3. One should spend an hour a week on each individual company they own equities.

none of these rules ensure profits but they do help miminize losses. I do not take Cramer's pics but when I stray from his rules I get slaughtered. His TV is enertaining period. Get past the hype and use it to keep your interest. Earlier posters do say you are responsible.

In Defense of CNBC (Sort Of)

OK
1. quote: For real, as unbiased as possible, financial reporting on cable news, one has to watch Bloomberg Financial.
Comment: I do often when I get tired of being yelled at
2. quote: Cramer's pics are worthless
Comment: Cramer is right 49% and his picks overall do a little better than the market. However when I follow Big Jim's picks my pics of his pics is 49% right which averages to 24.5% so
a. I follow his 25 rules of investing instead of his pics
b. I listen to the tone not the day to day. For example in January when Cat was 38 Cramer stated
"Buy CAT but not just now"
I don't think he knew anything more than I did on that specific I just figured that's a sell wrapped in a caution flag based on history of the 82 recession when Regan's favorite stocks initially tanked.

The daily show did drug the fish in the barrel with clip 212 and 216. I would like to see the daily show host switch with Cramer for a week.

Jon Stewart on CNBC's 'Worthlessness'

Jason
I would not follow Cramer's pics but if you follow his general Advice you may do well. I can point out a few other things like Peak oil and it was supply and demand. Not of oil but of oil futures contracts last July. That was the supply and demand

However all joking aside was'nt Cramer the one who told people last September if they did not need money in the equity markets to pull it out?

Cramer is predicting the bottom in housing for next Summer

Cramer called a bottom in financials last Summer late. Little did he or many of us knew at the time the bottom was a string of w's. with the peaks lower each time.

He makes investing interesting. It's not all his fault I scuffed up his crystal ball by stealing it for medic's bowling night.

Santelli's Rant: A Watershed Moment?

I see some of Ricks comments but the vast majority of homeowners are loosing their houses due to lack of work and medical emergencies.

Rick should view the same experience Jim Cramer had by living in a car or he should have my experience in 85 where I got a house foreclosed on and it was 800 Sq Feet 2 bedroom with 25% of the principle paid off in 6 years of ownership. I lost my job pure and simple and there were no new jobs to be had. I talked to a guy at a gas station who looked for two years and had that job and was happy.

I understand his argument but Rick should live in a car for a while.

Barron's Takes Down Cramer, Again

Tom T is correct
I don't follow Cramer's specific pics immediately but I do what he suggests

Wait 5 days and do your homework!
Also there is an article on Jim's 25 rules of investing also published by SeekingAlpha.

I listen to Jims analysis as one piece of the ever changing puzzle along with authors in SeekingAlpha. He does have balls and anyone who slept in the back seat of his vehicle like I have at times cannot all be wrong.


On Feb 08 06:43 PM TomT wrote:

> At least Cramer comes to work every day with his back bone !
> Right or wrong at least he give you his opinion instead of bashing
>
> someone after the fact. How many more of these morons that cashed
>
> in after their company failed are you going to trust? At least he
> has a wall
> of shame and everyone of the CEOs should be giving back their last
> 2 years of pay for the the way they lead their company into the ground
> and cost us everything. How much more gloom and doom are you going
> to listen to ... eveyone else with no positive feedback. At least
> Cramer will give someone who is doing right by his company a pat
> on the back
> for a good job in a tough market. Who do you think is going to lead
> us out of this situation .... someone who is negative on eveything
> or smeone who sees where there is a ray of light and leads you toward
> it ?
>
> This is over when we tell companies that we invest in that we actually
> want the CEO to run the company not be a Social Butterfly and guess
> what if the stock fails you get ZERO ! I have nerver been upset with
> paying someone who has made me money... isn't that the way it should
> work? I understand that no one is going to be 100% right all the
> time but when you net out a positive you go home happy.
>
> When someone goes home with millions and I go home with 0 I have
> a problem and so should everyone else.
>
> Back to Cramer now that I am off my soapbox at least he gives you
> the benefit of hearing from the CEOs mouth versus an opinion of someone
> trying to minipulate the market to their own advantage.

Are Recessions Really That Bad?

Not to criticize the data or your analysis but the research. The data is what it is.

Recessions may be good for Wall Street in cleaning out the clutter and if you buy around the bottom. (Those who bought on 21NOV are dancing now)

However Recessions are terrible for main street. I had a home foreclosed during the 80s and the Midwest the recession was much longer and sharper than the rest of the country. I saw hordes of familys voting with their feet as Regan put it and that is a difficult vote.

However no one is promised an easy life and those who get one never accumulate the experience and wisdom for future opportunities.

My 8 Value Plays for '08: The Results

Well you did better than myself and probabaly better than the tabloids where Elvis returned and was elected President. Good honest read. thanks.

Keep it up. You got more guts than most whom hide after their predictions do worse.

4 Signs for Further Caution by Satellite Radio Investors - Goldman

Quote '> Anyone buying shares of Siri should have their head examined'
I did. It was and the consensious was I should have invested in beer and turned the cans in for scrap with a greater return and a better time

Regretfully I have to agree

Trying to Make Sense of Cramer's Advice

Frank
What did you suggest last weekend?
As far as reversing himself the market did also. I recall one AM the futures were up 300 then at 0 within minutes. Did we not have a 700 decline turn into a +300 rally then a 100 decline.

I was not like throwing darts but dropping cluster bombs over a wide area otherwise Cramer would miss but I'll give the man kudos for trying. I've made money doing oppsite of what he suggests but I usually do my own homework and then flip a coin. In this market coin flipping is about as scientific and you can get.

How do you call that? Again what did you suggest.

How Low the S&P 500 Could Go

I was figuring another 20%
Maybe this makes me a populist but 700B would put a lot of money in the hands of every man woman and child in America. (Its all borrowed though)

Anyway I asked if one had received a stately sum given to them most folks said right off the bat. I'd pay my mortgage.

Hmmm. Banks would get money. Bad loans would be resolved. The people who did not pay back mortage may loose their house and most would deserve it. (People paying off the cost of Chemo we can cut them slack)

Money from the bottom up makes work. Even the bad side of town main pimp who makes bad decisions buys a caddy puts a UAW worker in Detroit to work.

Money who goes to a banker to horde since they make bad decisions makes how many jobs?

Who is better the bad pimp or the bad banker. Both make decisions that destroy lives. Who deserves the money? Why are we borrowing money to give to either.

A former CEO of Caterpillar Inc Lee Morgan stated once
Sales creates jobs.

If the banks see the opportunity they will lend again. If you give the bankers money without a corresponding market they will probably not lend but horde.

Instead of complaining of why the Big banks are not lending we should ask them to explain in one sentence why they are not when the market is flooded with liquidity.

I'm old and I've seen the arguments go back and forth several times and I have seen the results of how the economic engines work under bottom up and trickle down. I do not endorse any one political side but I see plenty of blame.
* One side encourages a group of people to buy things they cannot afford
* Another side comes to power and does not protect said group from predatory lending.
* As Steve Martin said "All I want is a weeks pay for a day's work"

GE Lives Up to Its Word

Double.