Wednesday, March 2, 2011

"Jim Cramer is an Insufferable Jackass"

This is not news, from Dow Jones' Market Talk:
I studiously avoid watching Jim Cramer. It’s not that he’s a stupid man, he’s a very smart man. It’s not that he isn’t a successful man, he a very successful. It’s not that he makes bad calls. Well, it’s not solely that he makes bad calls.

It’s that he’s an insufferable jackass.

So last night he’s on his show, trying to convince his viewers not to panic and to stay with stocks, and he rips Kelly Evans over her Ahead of the Tape column yesterday about auto-parts stores. Now, whether or not Kelly’s right or wrong can’t be decided in one day. Whether or not anybody who writes a column or hosts a show for a living can ever be 100% right isn’t the point either.

It’s not the shot at Kelly that got me. It was the shot at his viewers’ intelligence.

So, here’s Cramer, a guy who as you’ll see momentarily has been massively wrong in the past. Not just wrong, but spectacularly, historically wrong, and he’s on cable TV last night telling people to keep buying stocks....MORE
 Previously:

"...You know what – I don’t work for Murdoch
-Jim Cramer, on Mad Money

Jim Cramer beats Monkey in Stock Picking Contest!
UPDATE-Jim Cramer Beats Monkey in Stock Picking Contest
What Jim Cramer Does After Beating the Monkey
 Rick Santelli Takes Down Jim Cramer 
...And one of the funniest bylines you'll find on a market manipulation story: 
Cramer vs. Cramer 
Will his crazy confession destroy his career?
 
Jim Cramer Says Sell First Solar (FSLR)
This is neither an offer to sell nor a solicitation of an offer to buy these securities. The offer can only be made by an albino dwarf.... 
Jim Cramer: Wrong as Wrong Can Be

Time for a laugh: Cramer Reviews 10 Warren Buffett Stock Picks (BRK.A; FRSL)
Warren Buffett Answers Jim Cramer on Ethanol (BRK.A)
Warren Buffett and Jim Cramer: Claws and Effect

 "Jim Cramer Takes Issue With Own Investing Tips Being Thrown Back At Him, Demands Apology, More Gentlemanly Conduct (On The Internet)" GS; TSCM
Bear Stearns: Jim Cramer Defends His Position, Is Still Hated (BSC)
Jim Cramer Admits: "I Screwed Up" In Recommending Wachovia Stock Two Weeks Ago Because I Liked The CEO

July 30, 2008 
Jim Cramer: "Yes, the Market Has Bottomed"
DJIA closes at 11,583.69 on it's way to 6,547.05 7 1/2 months later.

Jim Cramer: Mad Money, Bad Blood (Behind the Scenes)
The Columbia Journalism Review has an interesting look under the rock...