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what is your opinion of mad money?
03-12-2011, 07:03 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jan 2010
Location: dubuque
Posts: 1,169
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what is your opinion of mad money?
I live in the midwest and some of the people I know watch the mad money show on cnbc. I was wondering what your opinion was of the show and his financial advice?
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03-12-2011, 07:16 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,321
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No comment on the financial advice 'cause I can't stand to watch. Cramer's voice affects me like Dick Vitale's. At least with basketball games I can just turn down the sound.
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03-12-2011, 07:20 AM
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#3
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Confused about dryer sheets
Join Date: Nov 2007
Posts: 4
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You can see the results of his previous advice here...
TrackJimCramer's Stock Picks
According to the above about 45% of his picks are correct.
He's picked so many thousands of stocks in the past, he's probably done something on most of the listed stocks out there. He would be getting 50% if he just made a random up/down pick on all of them.
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03-12-2011, 08:10 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by niknah
According to the above about 45% of his picks are correct.
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Sounds horrible. But in reality, traders don't need to be right half the time to make money. It's not something I really recommend (much less do), but if one has a strategy to let their winners run, using trailing stops to protect much of the gains, and put stop losses on the losers to prevent them from going really toxic, you can make money even you're only right, say, 40% of the time. The key is that your winners have to gain more than your losers lose.
Having said that, Cramer really needs to put down the Red Bull and walk away from it.
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03-12-2011, 08:19 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
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Fun show. Dangerous advice. Tie yourself to the mast before indulging.
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And if I claim to be a wise man, it surely means that I don't know.
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03-12-2011, 08:20 AM
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#6
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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Quote:
Originally Posted by frank
I was wondering what your opinion was of the show and his financial advice?
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I also believe in Santa Claus, the Easter Bunny, and other such myths (what does that tell you )...
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03-12-2011, 10:27 AM
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#7
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,474
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Quote:
Originally Posted by frank
I live in the midwest and some of the people I know watch the mad money show on cnbc. I was wondering what your opinion was of the show and his financial advice?
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The show is great entertainment. I watch it sometimes. Cramer is an appealing and engaging personality.
However, I would never, ever suggest following his financial advice. So, if you find yourself thinking of actually acting on what he says, I'd suggest changing the channel and never watching him again.
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03-12-2011, 10:40 AM
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#8
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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He's screaming all the way to the bank. I wonder if he'd have a show if he had the same content without the schtick, because it's really the content that would be important.
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03-12-2011, 11:03 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
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I have never watched this show.
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Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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03-12-2011, 11:07 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jul 2010
Location: Chicago
Posts: 1,008
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I thought he was a nutjob before I really watched his show. Then decided to give it a try. One thing he does is invite a lot of CEO's onto his show and I think this part really helps. He also gives recommendations on some IPO's which is hard to get. He also admits when he makes mistakes, which a lot of critics claim he doesn't do. I've followed a few of his tips and he's been a bit backer of Apple stock and he's been doing well on that one. He also has good dividend generating stocks that he recommends. If you try out his newsletter (you have to pay for it, 30 day free trial), you'll notice his show isn't tied too heavily to it, since you're not paying a premium for the TV show. I still download the show to watch it, but like he always recommends, you still need to do your own homework. I'm sue there's plenty of people that just buy on his word w/o doing any homework at all.
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03-12-2011, 11:24 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Jul 2010
Location: Chicago
Posts: 1,008
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Quote:
Originally Posted by haha
at least Dick Vitale dresses up in women's panties. Can we say that about Cramer?
Ha
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Not sure about panties, but he has been known to wear other crazy outfits on his show.
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03-12-2011, 12:36 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by Dimsumkid
Not sure about panties, but he has been known to wear other crazy outfits on his show.
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Whoops, my memory was bad. That was Marv Albert, another voice of basketball.
Marv Albert - Wikipedia, the free encyclopedia
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03-12-2011, 12:37 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Mar 2007
Posts: 3,323
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However, Cramer does have a pretty impressive track record when you read his background--despite the recent "disappointments" from him.
But, like everyone else almost, his screaming and antics actually wear me down just listening to him. I have too good of hearing, and he actually stresses me out.
My son, however, who has hearing deficits loves him. Maybe it's just a matter of how good your hearing is = your ability to listen to his song and dance?
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03-12-2011, 12:46 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,151
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Quote:
Originally Posted by frank
I live in the midwest and some of the people I know watch the mad money show on cnbc. I was wondering what your opinion was of the show and his financial advice?
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Entertaining to watch from time to time. I probably tune in, oh, maybe 1.5 hours per week in the winter. Much less during the midwest "outdoor seasons."
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"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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03-12-2011, 12:53 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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I can't watch him.
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Retired 3/31/2007@52
Investing style: Full time wuss.
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03-12-2011, 03:00 PM
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#16
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Recycles dryer sheets
Join Date: Jun 2008
Posts: 121
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I can't watch Jim Cramer. He's a buffoon. The only show on CNBC worth watching is Squawk Box, starting at 6:00 a.m. They've usually got some really interesting guests, and I enjoy the trio of Becky, Carl and Joe.
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03-12-2011, 08:17 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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One piece of value that can be gotten from "Mad Money" is a hint as to what many small investors may do in the near-term. A mention of a stock by Cramer generally causes some short-term activity in it. But I've learned not to invest in what he recommends unless I follow its movement for a long time (where long is measured in many months). It seems to me that investing in individual stocks is mostly a matter of patience, not frantic trading.
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03-12-2011, 11:42 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,151
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Quote:
Originally Posted by steelyman
A mention of a stock by Cramer generally causes some short-term activity in it. But I've learned not to invest in what he recommends unless I follow its movement for a long time.
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I don't invest in anything recommended by anybody, not just Cramer, without following and researching the investment myself.
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"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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03-13-2011, 06:44 AM
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#19
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Recycles dryer sheets
Join Date: Mar 2010
Location: Arizona
Posts: 79
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It is purely entertainment---NOT investment advice to be taken by someone who is serious about managing their money.
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03-13-2011, 09:43 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,330
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Fun Show. Never knowingly bought any of his recommendations. I like his advice on taking small positions (averaging in) and out of stocks and on taking profits. I like to listen to his ideas and see whether or not they hold water in my view. I think he does a great job of entertainment, every once in a while he hits a home run. I especially liked his CEO wall of shame bit he did last year.
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JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
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