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Are we still debating the credibility of Jim Cramer? Please, take a look at his portfoilio over

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Mike 03 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-03-09 06:36 PM
Original message
Are we still debating the credibility of Jim Cramer? Please, take a look at his portfoilio over
Edited on Wed Jun-03-09 06:38 PM by Mike 03
the past seven years.

I'm begging you not to listen to a word this man says. He is the biggest phony ever.

NONE of his ideas are good.

Please, don't ever, ever stake your personal wealth on any recommendations made by this man.

And I am speaking from personal experience, as an individual who worked at a family firm that subscribed to and monitored his daily alerts for a number of years and found them to be worse than worthless.

We used his advice as a contrary indicator, meaning, if he recommended a stock, we would not touch it, and we would look at other companies in that given sector, or short the stock altogether.

They were detrimental in every instance.

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Gman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-03-09 06:38 PM
Response to Original message
1. His only good advice is
pay off your mortgage and all your credit cards.
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Me. Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-03-09 06:38 PM
Response to Original message
2. Listen To Him At Your Peril
K & R
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Taverner Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-03-09 06:40 PM
Response to Original message
3. He's a gamer when it comes to the stock market
He never made good decisions, just educated ones
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Gabi Hayes Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-03-09 06:47 PM
Response to Reply #3
4. giving credit where none is due: he bragged on TV (Jon Stewart played it)
about being, essentially, a crooked market mover

educated, in the sense, he learned how to game the system for his boss at the time, and, after that, on his own

he should be in a cell next to Madoff
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BlooInBloo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-03-09 06:56 PM
Response to Original message
5. He's extremely credible...
As a falsehood-sayer.
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taught_me_patience Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-03-09 07:01 PM
Response to Original message
6. When he says "buy buy buy"
what he really means is "I bought three days ago and you should buy buy buy while I sell." Only a fool would take his advice seriously.
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