Anybody ever watch Cramer's Mad Money?

[riskadverse]

I can't help watching this TV show and thinking of the movie Network.  "I'm mad as hell and I'm not going to take it anymore!"

I find it amusing that CNBC ran the end of the Louis Rukheiser show and are now running Cramer.  He has the ability to move a stock quite a bit - his latest is "Cramer's Tech Rally" and he's trying to move MSFT and CSCO up.  I feel like it's Y2K all over again (and we know how that ended).   

 

[cute fuzzy bunny]

I'll watch him when two things happen.

He stops yelling.

He actually gives good advice.

I used to read his columns when thestreet.com first came out (still have my two cramer autographed t-shirts!). I dont think I made any money on anything at all he ever came up with.

I dont think he has either...

 

[JPatrick]

I watched him til I couldn't take it anymore.  During that time I kept close tabs on many of his buy/sell/hold recs.

It may not surprise you, but he was wrong most of the time. What really scared me is that a rookie like me knew he was probably wrong when he said it.
However, given the format of the show it would be tough for anyone.
If this doesn't work out (and I doubt it will) I think he'd make a decent professional wrestler.

 

[Patrick]

Google will go to $350! 

 

[Mr._johngalt]

I think his best investment idea was when he and Newman hauled
the bottles and cans to Michigan to recover the .10 deposit

JG

 

[JPatrick]

Google will go to $350! 

I'm sure it will. Maybe split first, but it will get there. If you buy it- - -watch it close, cause it sure won't be a straight line.

 

[Arin38]

I think his best investment idea was when he and Newman hauled
the bottles and cans to Michigan to recover the .10 deposit 

JG

The "oil bladder" had more $$ potential. HELLLLLOOOOOO!!!!!

 

[Mr._johngalt]

The "oil bladder" had more $$ potential. HELLLLLOOOOOO!!!!!

Nah, it was the "manzeer" or "bro". Don't think they ever settled on a name

JG

 

[OldAgePensioner]

Look down this forum for the picture of Ted Kennedy wear a Hooter's manzeer or bro.

http://www.perspectives.com/forums/forum4/45292.html

 

[brewer12345]

Cramer is an ass-clown, pure and simple. He has a whole following of traders that do exactly the opposite of what he suggests and make nice money.

 

[cute fuzzy bunny]

Hmm...I wonder if that strategy works?

I had the 'magazine recommendations' strategy going a while and it worked quite well for me. I got three or four of the better trade rags...fortune, smartmoney, IBD, etc. The moment I got them I bought their recommended stocks that didnt smell badly. Wait 2-3 days for all of the other sheep subscribers to buy and run the price up and then dump them.

I only had a couple of losers.

I never bought anything cramer ever screamed about, but he did freeze me in place from time to time on making moves that I should have made sooner.

 

[al_bundy]

he's pretty good for getting general ideas about where to invest

example, the Dolan's want to take Comcast private and spin off a bunch of entertainment assets. Cramer says buy Time Warner. Why buy this huge conglomerate that can't even merge with a second rate ISP when you can buy Comcast? Why would a billionaire family be spinning off content assets?

He actually made a lot of money when he was a hedge fund manager.

 

[cute fuzzy bunny]

He actually made a lot of money when he was a hedge fund manager.

At a time when monkeys with a copy of the WSJ stock page pasted to a dart board could do pretty well...hmm?

 

[REWahoo]

All you "Cramer Contrarians" should probably dump your tech stocks....

REW

--------------

Cramer's 'Mad Money': Get Ready For a Tech Rally

6/24/2005 7:29 PM EDT
URL: http://www.thestreet.com/funds/smarter_up/10229466.html

Technology shares are poised to rally while oil and health care stocks are probably "done going down" after a two-day rally that lopped 2.7% off the Dow, Jim Cramer said on CNBC's "Mad Money" Friday night. Cramer warned against energy-reliant cyclical companies.

"The last two days, technology did better than cyclicals. That will be the pattern from here," Cramer said. "I switched my plan this week. I'm tired of making money in retail. It's time to take that money and put it in technology." <snip>

 

[maddythebeagle]

I get cnbc on cable when I at hotels for work. Makes investing exciting, which it shouldt be. I too have made long-term money on cramer contrarianism. Sounds like a new religion?

 

[BUM]

Cramer is where he is to pump new viewers into Conan's audience. When that stops, Cramer might be all done. His show is way down the ratings list.

Can you hear the bear?


http://www.mediabistro.com/tvnewser/ratings/

 

[moghopper]

http://www.cxoadvisory.com/blog/reviews/blog6-29-05/

In summary, Mr. Cramer's stock market calls since May 2000 have low consistency and approximately coin-flip accuracy. He seems more an entertaining (to some) stream of uncalibrated opinion than a stock market maven.

...we recently sampled a Mad Money show on which Mr. Cramer questioned via audio link Mike Farrell, Chairman, CEO and President of Annaly Mortgage Management (NLY) about the company's recent decline in earnings and cut in dividend. The flattened yield curve is an obvious indicator of continued troubles for this unhedged carry-trade investor in conventional mortgage loans. However, Mr. Cramer did not mount a serious challenge to Mr. Farrell's forceful but oblique defense of Annaly. Instead, he reiterated a buy recommendation.

 

[windsurf]

I am a two year subscriber; yesterday was the last straw when he sent a saliva stained alert urging investment in a bullet manufacuturer based on news that the war in Iraq is likely to drag on. Sorry, not my money on that specificity.

 

[maddythebeagle]

It could be worse. Maybe he should tell you to invest in a rubber factory, cuz you're about to get screwed

 

[al_bundy]

there are people in finance here so maybe they can answer this, i've looked at analyst reports of a lot of cramer's hypes and a lot of them have deccellarating 2006 earnings estimates as well as slowing discounted cash flow when you account for cost of capital. A few of his picks have accellerating earnings and they have gone up in double digits since he hyped them over the last few months.

A few names I think the estimates will go up since they have good stuff in the pipeline. Any idea which hat he picks his stuff out of? Does he look at estimates, or does he make his own? I need to start making a daily portfolio to really track this stuff. I only have a sample of 10-15 names from a month ago. The sample I'm tracking is up 5% in one month but I'm still not sold.