[digg-reddit-me]Isn’t that what Jim Cramer does on every show, you might ask? That’s a fair point.
But what if Jim Cramer has now decided that he will dedicate himself to defeating Barack Obama’s agenda, declared himself to be on the “White House enemies list;” and that what he is doing now is what he has done all along – to “fight to help viewers and readers make and preserve capital.” That’s what I call jumping the shark. Bad investment advice is what Cramer does entertainingly. But this sense of self-grandiousity – and his seeming demand to be taken seriously instead of as a ridiculous figure. That’s too much.
The self-puffery is evident as Cramer insists he is on a “White House enemies list” (his source is the noted Democratic party insider Rush Limbaugh). Cramer thinks he is on this “list” because made an outrageous comment about White House policy being designed to destroy wealth and kill kittens, and when questioned about it, the White House press secretary pointed out that Mr. Cramer’s advice on how to create wealth wasn’t what the White House was looking for.
Cramer claims he has spent his career helping viewers and readers “preserve” their capital – and that his advice now to oppose Obama is just a continuance of that. So for a moment, let’s look at the fate of those who would have followed Cramer’s advice in the past. The Consumerist points out that if one had followed Jim Cramer’s stock-picking advice since 2000, you would have been better served by flipping a coin – as Jim Cramer’s advice is slightly worse than a coin toss.
This is also the guy who publicly advised his viewers on October 31, 2008 2007, just before the beginning of this stock market slide:
You should be buying things and accept that they are overvalued, but accept that they’re going to keep going higher. I know that sounds irresponsible, but that’s how you make the money. Right now, up is down, left is right, peace is war. [my emphasis]
Eric Tyson supplements this by describing some of Cramer’s more recent investment advice:
- Bear Stearns. Cramer recommended buying this stock on 8/17/07 at $118.20 per share. He lost 95 percent on this one – selling at just under $6 per share on 3/20/08.
- Morgan Stanley. Cramer recommended buying this stock on 9/15/06 at $70.95 per share. Its recently been trading in the mid-teens.
- Lehman Brothers. Cramer recommended this stock on 10/17/05 at $55.18 per share. On 9/5/08 with the stock trading at $16 per share, on CNBC, Cramer selected Lehman as a “screaming buy” and said things couldn’t get any worse for the company. The stock now trades at less than $1 per share for more than a 99 percent loss for Cramer.
- Merrill Lynch. Cramer recommended buying this stock on 9/19/05 at $60.17 per share and sold it on 9/12/08 for $17.05 per share for a 72 percent loss…
(And, by the way, Cramer recommended buying financial services giant AIG on 11/7/05 at $66.34 per share and the stock currently trades around $2 per share for a 97 percent loss.)
Given his history, it’s a bit rich of Jim Cramer to claim his career has been about “preserving” anything other than his own entertaining presence. If he meant to dedicate his life to “preserving the wealth of his viewers and readers,” clearly he’s been quite a miserable failure. In terms of sheer lunacy, on the other hand, he’s still got it.
But I, for one, am grateful the White House isn’t following the Jim Cramer guide to wealth creation. And for those of you that are – I might advise you invest in a solid coin to flip, as it would apparently serve you better.
110 replies on “Jim Cramer Jumps the Shark”
You actually make it seem so easy with your presentation but I find this matter
to be actually something which I think I would never understand.
It seems too complicated and extremely broad for me.
I am looking forward for your next post, I will try to get the hang of it!
Fascinating blog! Is your theme custom made or did you download it
from somewhere? A theme like yours with a few simple tweeks would really make my blog jump
out. Please let me know where you got your design.
Hey There. I discovered your weblog the use of msn.
This is a very smartly written article. I will make sure to bookmark it and come
back to read more of your useful information. Thank you for the post.
I’ll definitely comeback.
Great site. Lots of useful info here. I am sending
it to several buddies ans also sharing in delicious.
And of course, thanks in your effort!
Very nice write-up. I certainly love this site. Continue the good work!
Pretty nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed surfing around your blog
posts. In any case I will be subscribing to your feed and I hope you write
Thanks for sharing your thoughts. I really appreciate your efforts and I am waiting for your further post thanks once again.
I’ve been browsing online greater than three
hours these days, but I by no means discovered any
fascinating article like yours. It is beautiful value enough for me.
In my view, if all site owners and bloggers made good
content as you probably did, the web will probably be a
lot more useful than ever before.
I visited many websites however the audio quality for audio songs current
at this web page is actually wonderful.
For hottest news you have to pay a quick visit web and on web I found this website
as a best website for newest updates.
Edgecomb Courthouse at 800 Twiggs Street in the mind or that of an object, and Jin Oh, don’t worry, even with the help of a generation athlete prototype business from your new
business.It is through a number off good for business partnerships and opportunities scams.
In short, Kodak will generation athlete prototype work from
home.Does the internet or not a primary care physician loking to make
Hurrah, that’s what I was exploring for, what a data! present here at this webpage, thanks admin of this site.
My blog gta v online money hack
What’s up, yeah thiss pot iis genuinely nice and I have learned lot of things from
it regtarding blogging. thanks.
Thanks for sharing your thoughts. I truly appreciate your efforts and I will be waiting
for your further write ups thanks once again.
Have you ever thought about writing an ebook or guest authoring on other sites?
I have a blog centered on the same subjects you discuss and would really like to have you share some stories/information. I know my
readers would value your work. If you are even remotely interested, feel free to shoot
me an e-mail.
Feel free to visit my website equideow Hack 2013
To do this, and will contain keywords and key abc phrases
in your web site. Well, we are dealing with the right combination of SEO topics,depending on your specific organisational needs.
I got this site from my friend who informed me concerning this web site
and at the moment this time I am browsing this site and reading very informative articles or reviews at this place.
My partner and I stumbled over here from a different
web address and thought I should check things out. I like what I see so i
am just following you. Look foward to checking out your web page again.
Have a look at my homepage – lose weight fast
I love your blog.. very nice colors & theme. Did you create this website
yourself or did you hire someone to do it for you? Plz answer back as I’m looking
to design my own blog and would like to find out where u
got this from. kudos
I read a lot of interesting articles here.
Probably you spend a lot of time writing, i know how to save you a lot of work,
there is an online tool that creates unique, google friendly posts in seconds, just search in google – laranitas free content source
Right now it looks like WordPress is the best blogging platform available
right now. (from what I’ve read) Is that what you are using
on your blog?
My spouse and I stumbled over here coming from a
different web page and thought I might as well check things out.
I like what I see so i am just following you. Look forward
to checking out your web page for a second time.
Libra will probably shine with Sorry and be not so good with Goodbye.
With the help of online chatting websites, you can meet
strangers from different countries around the world.
Those bonds only grow stronger over time, so the longer you were together,
the more difficult they are to untie.
An outstanding share! I’ve just forwarded this onto a coworker who had been conducting a little
research on this. And he actually ordered me breakfast due to the fact that I stumbled upon it for him…
lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending
time to talk about this matter here on your
Hi there, this weekend is nice designed for me, because this time i am reading this great educational post here at my
I enjoy what you guys tend to be up too. Such
clever work and reporting! Keep up the fantastic works guys I’ve
incorporated you guys to blogroll.
Bien posteado, aunque hay algunas sugerencias en las que no me siento en sintonia.
Comprueba y puedes visita mi web siteOo gta 5 play 3 codigos
Hurrah! After all I got a webpage from where I can actually obtain useful information regarding my
study and knowledge.
Spot on with this write-up, I really feel
this web site needs much more attention. I’ll probably be returning to read more,
thanks for the advice!
My web site – blackline elite free trial Canada
Nous me dit franche, chaleureuse et humaine, ensuite également
spontanée après directe. Même supposé que
la vérité est parfois dure à entendre, je m’engage malgré radical à toi-même la
révéler. Cette franchise n’est foulée inlassablement bien perçue
parfois mais à laquelle servirait un guide si nous nous-mêmes
égarons malgré radical sur ceci commencer ? S’icelui hésite à nous secouer quand nous avons utilité d’être secoué ou dont met des gants en contrepartie ménager notre susceptibilité ou notre
amour précis ? Nous-même toi but la lanterne
qu’celui-là toi-même défaut auprès éclairer ceci parcours de votre vie.
May I simply just say what a relief to discover
someone that really understands what they are discussing on the net.
You definitely realize how to bring a problem to light and make it important.
More people must read this and understand this side of your story.
I was surprised you’re not more popular because you definitely possess the gift.
Today, I went to the beach front with my children. I found a sea shell and gave
it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed.
There was a hermit crab inside and it pinched her ear.
She never wants to go back! LoL I know this is completely off topic
but I had to tell someone!
With havin so much written content do you ever run into any problems of plagorism or copyright infringement?
My site has a lot of exclusive content I’ve either created myself or outsourced but it appears a lot of it
is popping it up all over the web without my permission. Do you know
any solutions to help stop content from being stolen? I’d
certainly appreciate it.
That is a great tip particularly to those fresh to the blogosphere.
Simple but very precise information… Appreciate your sharing this one.
A must read post!
Review my weblog; Cheat Little Commander
Ce sont les principales devises dans le jeu et
peut également être acheté pour de l’argent réel à partir de votre compte
Mais avec notre application amener ce que vous
voulez pour GRATUIT!
Me encanta bastante la mayoria de la post que muestras. Me agradaria enterarme
de algunos mas de el fondo. Lo Apreciaria Mucho
Hecha un vistqzo y navega poor mi web blog: grand theft auto v
Just look cautiously at our youtube session for the hacks and tricks and in just a handful of short moments, you will
have the opportunity to have your Clash of Clans Cheats iPad only for you.
It’s awesome designed for me to have a web page,
which is good for my know-how. thanks admin
Everything is very open with a really clear clarification of
the challenges. It was really informative.
Your website is very useful. Many thanks for sharing!
It’s awesome to pay a quick visit this website and reading the views of
all friends about this post, while I am also keen of getting familiarity.
Hmm it looks like your blog ate my first comment (it was extremely long) so I guess I’ll just sum it up
what I wrote and say, I’m thoroughly enjoying your
blog. I as well am an aspiring blog writer but
I’m still new to the whole thing. Do you have any points for newbie
blog writers? I’d definitely appreciate it.
I do not know if it’s just me or if everybody else experiencing issues with
your site. It looks like some of the text within your content are running off the screen. Can someone else please provide feedback
and let me know if this is happening to them too? This could be a problem with my internet browser
because I’ve had this happen previously. Many thanks
This article is actually a nice one it assists new
web visitors, who are wishing for blogging.
I think the admin of this site is actually working hard in favor
of his web page, for the reason that here every information is quality based stuff.
Interesting info you post on your blog, i have shared this article
on my twitter
Hello, every time i used to check web site
posts here early in the dawn, since i enjoy to gain knowledge of more and more.
Scar therapeutic can take up to two years however, daily use of Dermefface
FX7 for ninety days will already create seen enhancements.
For the reason that the admin of this web site is working,
no doubt very rapidly it will be renowned, due to its quality
I believe what you composed made a bunch of sense.
However, what about this? suppose you added
a little information? I mean, I don’t wish to tell you how to
run your blog, but what if you added something to maybe
get people’s attention? I mean Jim Cramer Jumps the Shark – 2parse by Joe
Campbell is kinda vanilla. You should peek at Yahoo’s front page
and see how they create news headlines to grab people to open the links.
You might add a related video or a related pic or two to grab people excited about what you’ve got to say.
In my opinion, it could bring your posts a little bit more
What’s up everyone, it’s my first pay a visit at this web site, and article is really fruitful in favor of me, keep
up posting these types of content.