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06-26-2008, 10:00 PM
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#1
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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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Cramer.....the idiot
Saw this on Raddr's board. You wonder why any station carries his garbage.
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Retired 3/31/2007@52
Investing style: Full time wuss.
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06-27-2008, 01:17 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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Saw a link at Financial Webring also. WTFC, anybody here listen to him?
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There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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06-27-2008, 06:55 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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used to watch him when he first came out because the show was so different than other financial shows. it was actually fun to watch. now i'm bored of it and he names off too many stocks to keep track of every show.
he's a pretty smart guy though, went from being homeless to being rich
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06-27-2008, 07:12 AM
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#4
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 897
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Quote:
Originally Posted by al_bundy
used to watch him when he first came out because the show was so different than other financial shows. it was actually fun to watch. now i'm bored of it and he names off too many stocks to keep track of every show.
he's a pretty smart guy though, went from being homeless to being rich
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Smart? or Lucky? hmmm. I guess in my mind, if you're smart you never BECOME homeless to begin with.
heh.
-CC
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
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06-27-2008, 07:39 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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he made more money in stocks than almost everyone here, has a graduate degree from one of the top schools in the US, worked for the top investment banking firm in the world, built 2 businesses, and is now semi-retired and does some light work to get back to his journalism roots
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06-27-2008, 08:01 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by al_bundy
... and does some light work to get back to his journalism roots
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"Journalism"? I think "entertainment" is a more accurate description of his program. The one time I suffered through a few minutes of his show I thought, "So this is what results when you combine CNBC and WWE Smackdown."
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Numbers is hard
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06-27-2008, 08:16 AM
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#7
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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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I thought Cramer was entertaining for a while, even if I never paid attention to his calls on the market. But after a while, it was the same old schtick and he started becoming a parody of himself.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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06-27-2008, 08:40 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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Quote:
Originally Posted by REWahoo
"Journalism"? I think "entertainment" is a more accurate description of his program. The one time I suffered through a few minutes of his show I thought, "So this is what results when you combine CNBC and WWE Smackdown."
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he did start out being a reporter for the LA Times. I think one of his first stories was some serial killer at the time.
if you compare his show to CNN or Fox News, there really isn't much difference
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06-27-2008, 08:45 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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Anyone with that much energy has to succeed at some point.
__________________
Al
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06-27-2008, 08:51 AM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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One reason I dislike Cramer is that I detest having someone scream at me, even on TV. I get enough of that at home...
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Numbers is hard
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06-27-2008, 09:34 AM
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#11
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Recycles dryer sheets
Join Date: Mar 2005
Posts: 352
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Quote:
Originally Posted by REWahoo
One reason I dislike Cramer is that I detest having someone scream at me, even on TV. I get enough of that at home...
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I agree. I was a subscriber a few years ago and cancelled after realizing that he wasn't much beating indexing and, more specifically, when he was salivating over the anticipated "prosecution" of the present war and agressively recommending the stock of a bullet manufacturer.
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06-27-2008, 09:38 AM
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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: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by windsurf
I agree. I was a subscriber a few years ago and cancelled after realizing that he wasn't much beating indexing and, more specifically, when he was ... agressively recommending the stock of a bullet manufacturer.
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His job is to look for stocks that will make money, not preach about social issues. Anyone who is into "socially responsible investing" is free to ignore the advice. As is anyone, actually.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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06-27-2008, 09:45 AM
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#13
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Recycles dryer sheets
Join Date: Mar 2005
Posts: 352
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Quote:
Originally Posted by ziggy29
His job is to look for stocks that will make money, not preach about social issues. Anyone who is into "socially responsible investing" is free to ignore the advice. As is anyone, actually.
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Precisely.
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06-27-2008, 09:51 AM
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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: Dec 2003
Location: Losing my whump
Posts: 22,708
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I figured he was a comedian, not a financial guy. I mean, he's basically sam kinnisson and carrot top rolled into one. Screams, sound makers, little baseball bats.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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06-27-2008, 10:19 AM
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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: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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He gets paid $1.3 million to be an entertainer. As long as you follow his advice like you might follow advice from Robin Williams on investing, you should have some fun. ISTR his picks were studied and if you waited for the pop to be over, you could short the stock and make 10% consistently. Also 53% of his buy picks go down. These references are from my dim memory so YMMV.
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For the fun of it...Keith
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06-27-2008, 10:23 AM
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#16
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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 kcowan
Also 53% of his buy picks go down. These references are from my dim memory so YMMV.
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But it's also important to remember that if you are a stock picker, if you know how to cut your losses short and ride your winners with appropriate trailing stops, you can be right less than half the time and still make a fair amount of money.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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06-27-2008, 09:00 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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He was pretty much responsible for boosting my company stock price and ESPP shares by a factor of 2x, while it lasted. That was pretty cool. So thanks Jim!
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06-27-2008, 09:35 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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He's really entertaining and energetic.
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May we live in peace and harmony and be free from all human sufferings.
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06-28-2008, 05:35 AM
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#19
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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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So, I guess the flip flops from one week to the next doesn't matter.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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06-28-2008, 08:49 AM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,204
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Quote:
Originally Posted by Dawg52
So, I guess the flip flops from one week to the next doesn't matter.
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It amazes me that anyone would watch someone with that kind of presentation style, even more amazing people would actually follow his recommendations. This video ought to convince people that he's really just an entertainer. But what's really amazing to me is that there is actually an audience for his show...
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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