Pessimistic Optimist

Clueless - Cramer's Mad Money (10/8/08)

I have said it before.. entertaining he is but he is a smart guy. He preaches insessently do your homework as if to put a discalimer in. I take it that way and after following his lead...meaning doing my homework, I can make somewhat rational investments in this extremely irrational market.
Hey, no denying it.. he called an 8400 market and its been met and bounced all around it. I hear so damn much about him saying buy this and sell that. Do you really think he does it to continue to make his cronies a grip of cash? He said if you need the cash within the next 5 yhears take it out and put it in an FDIC protected market. I think he is an entertainer.. I said it before.. but also a bit of an educator. I have learned how to read P/Es, PEGs , along with a better understanding of the fundies, metrics and all around blance sheets of companies and I listen to conference calls. I have learned to pay close attention to what the CEO is saying. even though we have been douped by lies. Who could know. The best have been fool. The Icahns of the world admit they are scared and real concerned but well invested to protect themselves just the same. So as far as Cramer goes.. take what he says and then do your homework.. learn a bit along the way and feel a bit more confidant if you dare to.
I will continue to watch him because he will teach. If you are pissed because he said something and you bought it.. as he says tips are for waiters..and without researching that stock.. how can you point fingers. Another favorite; the only free lunch is dividends. It makes sense. I also learned that from him. I am willing to bet that 95% of bloggers here have divvy paying stocks. Whether you got it from him or somebody else ( and better yet, whether or not if you even admitted you got it from him).. you cannot deny he does give out some decent info if you filter through it. And I am not even one of his fans..although I will watch his show. I'm just a hard working red blooded all-american guy trying to get it done daily.