Herbert Barry Woodrose

Jim Cramer Admits To Stock Manipulation When At Hedge Fund

It's amazing to read these old posts and comments. It's like everyone was dramatically high on crack at exactly the same time. It's "foolish" to invest long-term because everyone is supposed to manage according to how people are going to lie? Why is the pressure not on the government, on the oversight? Why is the pressure always put squarely by the people, on the people? Why jump to the defense of people in power?

I read Seeking Alpha pretty regularly because a lot of the rest of this site is very out-of-the-box thinking. But in regard to finance, this site has always been astoundingly elitist, and worse, ignorant. Just blindly accepting 'the current state of affairs' is so conformist, deadly, lacking in intelligence, that it can be said to be a huge contributing factor in the current financial state of affairs. This entire site could have been pushing actively for reform, instead of mindlessly re-printing "Mad Money".

Instead the overwhelming majority here praises Cramer? That's just... astounding. I have no idea why people would make it up in their heads that Cramer 'doesn't really mean it' or 'was speaking this way or that'. Why jump to this guy's defense? You really didn't know that bad reports flood the news market about Apple right around the same times every year? Really think Cramer was enlightening the investing world on how this works? That's just not what he was doing.

I would expect a site like Seeking Alpha to go past defending the establishment, and jump right ahead to changing the system. Seeking Alpha is a major disappointment.