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(CNN)   Jim Cramer signs a three-year deal, $5 million contract with TheStreet.com to continue giving sound financial advice like "Bear Stearns is not in trouble." BOO YAH   (money.cnn.com) divider line 28
    More: Asinine  
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530 clicks; posted to Business » on 10 Apr 2008 at 6:57 AM (6 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



28 Comments   (+0 »)
   

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2008-04-10 04:01:04 AM
He can buy a lot of cocaine with that much cash.
 
2008-04-10 04:13:39 AM
I can never understand what that guy says. He's like the Bob Dylan of investment banking.
 
2008-04-10 04:47:00 AM
Great. Now he can buy 2.5 million more noisemakers.
 
2008-04-10 07:04:08 AM
BOOSH.

/That guy has great tits.
 
2008-04-10 07:44:07 AM
Bear Stearns was not in trouble on Tuesday, people got scared though, took all their money out, then they were in trouble by Friday.

I'm pretty sure any institution that makes money by holding yours will fail if a lot of it's customers pull their money in 2 days.

/At least that's my understanding of it. I could be wrong.
//I probably am wrong, but what the hell, this is fark.
 
2008-04-10 08:12:36 AM
I bet Bush will give him a Medal of Freedom and appoint him to a cabinet post, with that kinda FAIL.
 
2008-04-10 08:22:55 AM
I've heard from some different sources that he has such an impact about what people do, that the market goes up and down depending on what he tells people to do, not actually necessarily what was going to happen.

I find that amazing.
 
2008-04-10 09:07:16 AM
Watch TV, get rich.
 
2008-04-10 09:18:17 AM
Didn't he start thestreet.com? Doesn't he own the company? Why are they paying him this much?
 
2008-04-10 09:20:01 AM
There's one born every minute.
 
2008-04-10 09:22:23 AM
Didn't he start thestreet.com? Doesn't he own the company? Why are they paying him this much?

I think your second question answered your third question.
 
2008-04-10 09:23:25 AM
At least he's trying to defend himself on the show.
 
2008-04-10 09:27:50 AM
Is this the thread where Cramer apologists attempt to say that he really meant "don't pull your money out of your FDIC accounts at Bear"?
 
2008-04-10 09:55:58 AM
jake3988: I've heard from some different sources that he has such an impact about what people do, that the market goes up and down depending on what he tells people to do, not actually necessarily what was going to happen.

I find that amazing.


That's pretty much how the entire market works. If you have enough influence, enough money, you can change the market. I think people accused Cramer of doing this when he was a hedge fund manager. When you have a few billion dollars in capital, you can mold the market a bit.
 
2008-04-10 10:27:21 AM
mr iso: Bear Stearns was not in trouble on Tuesday, people got scared though, took all their money out, then they were in trouble by Friday.

I'm pretty sure any institution that makes money by holding yours will fail if a lot of it's customers pull their money in 2 days.

/At least that's my understanding of it. I could be wrong.
//I probably am wrong, but what the hell, this is fark.


You are wrong.
 
2008-04-10 10:59:24 AM
If you believe any financial pundit you deserve to be fleeced of everything you own.
 
2008-04-10 12:42:12 PM
MessyDwarf: BOOSH.

/That guy has great tits.


Is it weird that I want to fark Hooper?
 
2008-04-10 12:45:21 PM
MessyDwarf: BOOSH.

/That guy has great tits.


"The robot with the great tits?"

"That sounds awesome."

"It is."

/SON OF A WHORE!!!
 
2008-04-10 12:50:53 PM
Submitter is a moron.

CNBC Link (new window)

His advice was for banking customers

"If you kept your money at Bear, you made out. You got the liquidity," Cramer said, referring to the Fed's back up of Bear's credit business. So telling people to keep their money in Bear was "100% right. Everybody got guaranteed by the Fed."


The common stock was a different story, though. ... "I said the common stock was worthless," Cramer said. "No one was saying that."
 
2008-04-10 01:25:52 PM
Gailin: Submitter is a moron.

CNBC Link (new window)

His advice was for banking customers

"If you kept your money at Bear, you made out. You got the liquidity," Cramer said, referring to the Fed's back up of Bear's credit business. So telling people to keep their money in Bear was "100% right. Everybody got guaranteed by the Fed."


The common stock was a different story, though. ... "I said the common stock was worthless," Cramer said. "No one was saying that."


Yeah, usually when someone calls into a stock picking show and ask about moving their money out of Bear Stearns or Citi it's pretty obvious that they're inquiring about CDs.
 
2008-04-10 02:13:42 PM
Just to clarify,

He said your money was safe with them....as in account holders. This has remained completely true.....
 
2008-04-10 03:24:18 PM
Jim Cramer signs a three-year deal, $5 million contract with TheStreet.com to continue giving sound financial advice like "Bear Stearns is not in trouble."

Hey, Cramer was right. Bush rushed in with taxpayer money and bailed them out. No trouble.
 
2008-04-10 03:36:58 PM
Cramer gets 5 million after publicly proving he doesn't know shiat.

And we got an admin staffed by incompetents from top to bottom.

Yep america is a meritocracy alright.
 
2008-04-10 03:39:29 PM
>> Yeah, usually when someone calls into a stock picking show and ask about moving their money out of Bear Stearns or Citi it's pretty obvious that they're inquiring about CDs.

He he he.

Nice one.
 
2008-04-10 04:26:01 PM
Jim Cramer is such an annoying farkward. He's got no investor credibility at all, and is the running joke of much of the buy-side industry. If you accept the fact that he's really more of a finance clown, I'll admit that he's a pretty good one as such.
 
2008-04-10 05:13:22 PM
Jim Cramer is the Antichrist.
 
2008-04-11 02:45:40 AM
Rapmaster2000: Yeah, usually when someone calls into a stock picking show and ask about moving their money out of Bear Stearns or Citi it's pretty obvious that they're inquiring about CDs.

It's amazing how many people here have his balls on their chin. I guess if someone like Cramer yells and screams loud enough and repeats his bullshiat diversion story enough times, people will forget what a farking idiot he is or that as he was saying "Bear is fine" the stock chart for Bear Stearns was shown.
 
2008-04-11 02:51:29 AM
Here's one for the Cramer choad smokers to explain:

On March 11, the popular market pundit posted a "buy " recommendation on Bear Stearns in a column on TheStreet.com when the brokerage's stock was trading at $62. The same day, in one of his trademark yells on Mad Money, the hyperactive Mr. Cramer declared that "Bear Stearns is fine! Do not take your money out of Bear."

Yeah, he was talking about bank accounts. Sure. Anyone who listens to this guy for stock picks is a verifiable retard.
 
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