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(Marketwatch)   Jim Cramer blames a "group of complete morons" for blowing up the market   ( marketwatch.com) divider line
    More: Obvious, Dow Jones Industrial Average, leveraged volatility products, Dow Jones & Company, Dow Jones Industrial, CNBC, wild market action, Jim Cramer, Stock market  
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2049 clicks; posted to Business » on 08 Feb 2018 at 5:05 PM (22 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2018-02-08 04:59:18 PM  
He would know, I guess
 
2018-02-08 05:02:38 PM  

NateAsbestos: He would know, I guess


Cramer discovers infinity mirrors.
upload.wikimedia.orgView Full Size
 
2018-02-08 05:09:38 PM  
What happened to the "Irony" tag?
 
2018-02-08 05:11:00 PM  
Trump and the Tax Eradictors who drove yields on treasuries up causing flight from overvalued stocks?

/Trump and the Tax Eradicators is the name of my Oldies Cover Band
 
2018-02-08 05:11:38 PM  
The market is flat , not round
 
2018-02-08 05:20:51 PM  
More like a bunch of vultures realize the market has hit its peak and it's time to extract the money they've "earned".  These people aren't morons.  They're very good at the game they play.
 
2018-02-08 05:22:25 PM  
Always wondered about Cramer.
If he's so good at what he does, why the fark is he working?
 
2018-02-08 05:33:13 PM  
i0.kym-cdn.comView Full Size
 
2018-02-08 05:35:05 PM  

Bovine Diarrhea Virus: More like a bunch of vultures realize the market has hit its peak and it's time to extract the money they've "earned".  These people aren't morons.  They're very good at the game they play.


There is nothing left to goose the stock market, time to cash out profits.
 
2018-02-08 05:39:02 PM  
Oh, is he referring to what's left of his audience?
 
2018-02-08 05:40:33 PM  
i.ytimg.comView Full Size
Once again, the conservative, tire-heavy portfolio pays off.
 
2018-02-08 05:51:00 PM  
It's always the complete morons.  I hate those guys.
 
2018-02-08 05:52:31 PM  
No, actually this is one time the term "correction" is aptly applied.  It was morons driving it up.  Just hope they got out at the right time!
 
2018-02-08 05:52:32 PM  

mrsleep: Always wondered about Cramer.
If he's so good at what he does, why the fark is he working?


"If you're psychic, how did you not know I would be calling?!"
 
2018-02-08 05:54:15 PM  

mrsleep: Always wondered about Cramer.
If he's so good at what he does, why the fark is he working?


Jim Cramer had a published portfolio at the street.com for the runup, end, and a bit after the tech bubble. He got killed like everyone else and pulled his public portfolio with no explanation. He sucks at picking stocks, he's just loud and he knows a lot of ticker symbols. There's gotta be a hundred articles like this if you look... Seriously - he is demonstrably not good at the thing he gives tips on every day.

https://www.marketwatch.com/story/jim​-​cramer-loses-big-in-this-stock-picking​-test-2015-10-22
 
2018-02-08 05:57:29 PM  
I know you are but what am I?
img.fark.netView Full Size
 
2018-02-08 06:13:02 PM  
Did he throw something like a mentally disabled chimp?
 
2018-02-08 06:20:24 PM  

JohnBigBootay: mrsleep: Always wondered about Cramer.
If he's so good at what he does, why the fark is he working?

Jim Cramer had a published portfolio at the street.com for the runup, end, and a bit after the tech bubble. He got killed like everyone else and pulled his public portfolio with no explanation. He sucks at picking stocks, he's just loud and he knows a lot of ticker symbols. There's gotta be a hundred articles like this if you look... Seriously - he is demonstrably not good at the thing he gives tips on every day.

https://www.marketwatch.com/story/jim-​cramer-loses-big-in-this-stock-picking​-test-2015-10-22


And don't forget the famous, "don't move your money out of Bear Stearns.  Bear Stearns will be just fine" mere weeks before they went bankrupt. I don't trust anything that guy says.  Although I will admit that I sold my shares of one stock (TNH) that was going up like crazy because Cramer was talking about it.  I made a huge profit, but would have made a whole lot more had I kept it longer.  I thought it was mostly a pump and dump by Cramer.

Jim Cramer Bear Stearns
Youtube o3FVBKic5Ek
 
2018-02-08 06:24:24 PM  

JohnBigBootay: mrsleep: Always wondered about Cramer.
If he's so good at what he does, why the fark is he working?

Jim Cramer had a published portfolio at the street.com for the runup, end, and a bit after the tech bubble. He got killed like everyone else and pulled his public portfolio with no explanation. He sucks at picking stocks, he's just loud and he knows a lot of ticker symbols. There's gotta be a hundred articles like this if you look... Seriously - he is demonstrably not good at the thing he gives tips on every day.

https://www.marketwatch.com/story/jim-​cramer-loses-big-in-this-stock-picking​-test-2015-10-22


Seriously.  He sucks.  I lost a bundle when he told me to sell my Stark Technologies stock back in '08 and I was dumb enough to listed.   Now look at it, they are pretty much the only name in clean energy, and I missed it.
 
2018-02-08 06:24:42 PM  
I guess the market doesn't like the fact that the NFC won the Super Bowl.
 
2018-02-08 06:31:20 PM  

JohnBigBootay: mrsleep: Always wondered about Cramer.
If he's so good at what he does, why the fark is he working?

Jim Cramer had a published portfolio at the street.com for the runup, end, and a bit after the tech bubble. He got killed like everyone else and pulled his public portfolio with no explanation. He sucks at picking stocks, he's just loud and he knows a lot of ticker symbols. There's gotta be a hundred articles like this if you look... Seriously - he is demonstrably not good at the thing he gives tips on every day.

https://www.marketwatch.com/story/jim-​cramer-loses-big-in-this-stock-picking​-test-2015-10-22


Like most financial 'gurus', he was fair (at best) at actually making money, but great at selling a TV show about money. Same applies to the others with get rich quick tapes, CDs, VHS tapes, books, investment seminars, etc.
 
2018-02-08 06:38:09 PM  

JohnBigBootay: mrsleep: Always wondered about Cramer.
If he's so good at what he does, why the fark is he working?

Jim Cramer had a published portfolio at the street.com for the runup, end, and a bit after the tech bubble. He got killed like everyone else and pulled his public portfolio with no explanation. He sucks at picking stocks, he's just loud and he knows a lot of ticker symbols. There's gotta be a hundred articles like this if you look... Seriously - he is demonstrably not good at the thing he gives tips on every day.

https://www.marketwatch.com/story/jim-​cramer-loses-big-in-this-stock-picking​-test-2015-10-22


Our local newspaper used to have a stock picking contest with various "celebrities" and "clubs" and the random "dartboard" usually held its own and sometimes won.
 
2018-02-08 06:43:53 PM  

cretinbob: The market is flat , not round


NO! She's a-round, like-a you head!
 
2018-02-08 06:45:14 PM  
Your market's like a roller coaster baby, baby.
I wanna buy!

spank-the-monkey.typepad.comView Full Size
 
2018-02-08 06:45:48 PM  

Carl Carlson: JohnBigBootay: mrsleep: Always wondered about Cramer.
If he's so good at what he does, why the fark is he working?

Jim Cramer had a published portfolio at the street.com for the runup, end, and a bit after the tech bubble. He got killed like everyone else and pulled his public portfolio with no explanation. He sucks at picking stocks, he's just loud and he knows a lot of ticker symbols. There's gotta be a hundred articles like this if you look... Seriously - he is demonstrably not good at the thing he gives tips on every day.

https://www.marketwatch.com/story/jim-​cramer-loses-big-in-this-stock-picking​-test-2015-10-22

Like most financial 'gurus', he was fair (at best) at actually making money, but great at selling a TV show about money. Same applies to the others with get rich quick tapes, CDs, VHS tapes, books, investment seminars, etc.


Cramer worked at a hedge fund during these years... (Annual S&P 500 returns)

img.fark.netView Full Size


Notice anything historically odd about that run? It was a unique period during which complete farking morons made millions of dollars because the stock market went up 20% every farking year seemingly forever. This unique period - where every stock went up and up and up - led Jim Cramer and a bunch of other idiots to conclude they were stock picking geniuses. Cramer likes to brag his fund only had one losing year during his run. I'd like Jim to know that a monkey with diabetes and an index fund also would have experienced enormous gains and only one down year during that stretch.
 
2018-02-08 07:01:08 PM  
img.fark.netView Full Size
 
2018-02-08 07:12:38 PM  
Only they are the same morons who inflated the value.
 
2018-02-08 07:18:38 PM  

Craw Fu: JohnBigBootay: mrsleep: Always wondered about Cramer.
If he's so good at what he does, why the fark is he working?

Jim Cramer had a published portfolio at the street.com for the runup, end, and a bit after the tech bubble. He got killed like everyone else and pulled his public portfolio with no explanation. He sucks at picking stocks, he's just loud and he knows a lot of ticker symbols. There's gotta be a hundred articles like this if you look... Seriously - he is demonstrably not good at the thing he gives tips on every day.

https://www.marketwatch.com/story/jim-​cramer-loses-big-in-this-stock-picking​-test-2015-10-22

And don't forget the famous, "don't move your money out of Bear Stearns.  Bear Stearns will be just fine" mere weeks before they went bankrupt. I don't trust anything that guy says.  Although I will admit that I sold my shares of one stock (TNH) that was going up like crazy because Cramer was talking about it.  I made a huge profit, but would have made a whole lot more had I kept it longer.  I thought it was mostly a pump and dump by Cramer.

[Youtube-video https://www.youtube.com/embed/o3FVBKic​5Ek]


There are two ways to successfully time the market -- dumb luck, or stealing an advance copy of the crop report.
 
2018-02-08 07:28:07 PM  
This guy is who I used to make my fortune. I just shorted whoever he was pushing. Worked like a charm.
 
2018-02-08 07:45:06 PM  

nytmare: There are two ways to successfully time the market -- dumb luck, or stealing an advance copy of the crop report.


I've heard gorilla suits come in handy.
 
2018-02-08 08:38:33 PM  

Nick Nostril: This guy is who I used to make my fortune. I just shorted whoever he was pushing. Worked like a charm.


He used to farking love the company I work for. Completely inexplicably - at best we are a dividends play. CEO on his shows every couple weeks. When what was announced as a multi year restructuring (which he talked up extensively as a great long term play) failed to improve revenues in exactly 1 quarter, he decided he hated us.
 
2018-02-08 08:43:05 PM  
rose205.files.wordpress.comView Full Size
 
2018-02-08 08:50:26 PM  
Yes, Jim, a fund that was worth $2bn caused the stock market to take a dump.  Let's also ignore the fact that the reason this fund blew up was because the market was in the process of taking a dump.
 
2018-02-08 08:53:33 PM  

mrsleep: Always wondered about Cramer.
If he's so good at what he does, why the fark is he working?


if gold is such a great investment, why is goldline giving it away?

There is a weekend radio show about investments in Atlanta.  The hosts also hold seminars to teach people how to make money in an up or down market...I always wonder a similar question, if they know how to make money in any market, why are they working or bothering to fleece rubes from a seminar?

I can only come up with one answer, there is never enough money to make these personalities happy.  My understanding is that investing is not terribly labor or time-intensive, so you do have hours in the week to do something else to make money...instead of enjoying the fruits of it.
 
2018-02-08 09:14:37 PM  
"Wahhh, I was too greedy and the smart people, er, complete morons, got out before I did and left me high and dry!"
 
2018-02-08 09:20:48 PM  
If you agree with Jim, then you shouldn't even be mad. Irrational selloffs caused by morons always recover quickly. This is a buying opportunity. I just increased by holdings by 20%. If the market goes down even more tomorrow, I will put every red cent of cash I have left into stocks.
 
2018-02-08 09:42:57 PM  
A roaring stock market brings out the stupid money.
 
2018-02-08 09:45:15 PM  
It's the Tide Pod eaters ruining the market.
 
2018-02-08 09:45:25 PM  
Are these those idiots?
img.fark.netView Full Size
Tax cuts to spur the market and speed the economy when it is already at full employment?
 
2018-02-08 10:24:32 PM  
The market does what the market does.  Getting mad about it is being the old man yelling at the clouds.
 
2018-02-08 11:34:54 PM  

Nonrepeating Rotating Binary: Are these those idiots?
[img.fark.net image 850x481]Tax cuts to spur the market and speed the economy when it is already at full employment?


Allegedly, there is a 6" height difference between Trump and McConnell. I found myself standing next to McConnell once in an airport (I'm 6'1"), and calling him 5'9" is being a little generous. Not sure why I noticed they appear to be the same height in this pic, but it's really standing out to me. McConnell's arm should be angled up and Trump's down, but they aren't.
 
2018-02-09 12:01:09 AM  

iron_city_ap: Nonrepeating Rotating Binary: Are these those idiots?
[img.fark.net image 850x481]Tax cuts to spur the market and speed the economy when it is already at full employment?

Allegedly, there is a 6" height difference between Trump and McConnell. I found myself standing next to McConnell once in an airport (I'm 6'1"), and calling him 5'9" is being a little generous. Not sure why I noticed they appear to be the same height in this pic, but it's really standing out to me. McConnell's arm should be angled up and Trump's down, but they aren't.


Trump is not as tall as he says
 
2018-02-09 12:27:01 AM  

JohnBigBootay: iron_city_ap: Nonrepeating Rotating Binary: Are these those idiots?
[img.fark.net image 850x481]Tax cuts to spur the market and speed the economy when it is already at full employment?

Allegedly, there is a 6" height difference between Trump and McConnell. I found myself standing next to McConnell once in an airport (I'm 6'1"), and calling him 5'9" is being a little generous. Not sure why I noticed they appear to be the same height in this pic, but it's really standing out to me. McConnell's arm should be angled up and Trump's down, but they aren't.

Trump is not as tall as anythinghe says


FTFY.
 
2018-02-09 12:35:11 AM  

Weng: Nick Nostril: This guy is who I used to make my fortune. I just shorted whoever he was pushing. Worked like a charm.

He used to farking love the company I work for. Completely inexplicably - at best we are a dividends play. CEO on his shows every couple weeks. When what was announced as a multi year restructuring (which he talked up extensively as a great long term play) failed to improve revenues in exactly 1 quarter, he decided he hated us.


I'm pretty sure Cramer wrote or was interviewed saying the secret to making money is to get people to write stories in the media touting stocks and sell to the sheep who believe them. That and skirting the laws on insider trading.
 
2018-02-09 01:31:08 AM  

iron_city_ap: Nonrepeating Rotating Binary: Are these those idiots?
[img.fark.net image 850x481]Tax cuts to spur the market and speed the economy when it is already at full employment?

Allegedly, there is a 6" height difference between Trump and McConnell. I found myself standing next to McConnell once in an airport (I'm 6'1"), and calling him 5'9" is being a little generous. Not sure why I noticed they appear to be the same height in this pic, but it's really standing out to me. McConnell's arm should be angled up and Trump's down, but they aren't.


You can't see their entire bodies. You have no idea what kind of heeled shoes they're wearing or whether McConnell is standing on a rug or something.

Here's a better comparison.

img.fark.netView Full Size


Trump says he 6'4". Obama is taller than Trump. Obama is 6'2".

Like everything else in his life (wealth/weight/popularity), Trump lies about his height.
 
2018-02-09 07:02:09 AM  

Ishkur: iron_city_ap: Nonrepeating Rotating Binary: Are these those idiots?
[img.fark.net image 850x481]Tax cuts to spur the market and speed the economy when it is already at full employment?

Allegedly, there is a 6" height difference between Trump and McConnell. I found myself standing next to McConnell once in an airport (I'm 6'1"), and calling him 5'9" is being a little generous. Not sure why I noticed they appear to be the same height in this pic, but it's really standing out to me. McConnell

Here's a better comparison.

[img.fark.net image 850x563]

Trump says he 6'4". Obama is taller than Trump. Obama is 6'2".

Like everything else in his life (wealth/weight/popularity), Trump lies about his height.


I was 5'10" from the age of 16 until somewhere. In my mid 40s when I became 5' 9 1/2". For some reason I hate to admit I've lost a 1/2 inch. With Trumps stooped shoulders and his age it's possible he used to be 6'4" and shrunk. It's the height equivalent of a comb over. His ego won't allow him to admit he's diminishing in stature.
 
2018-02-09 09:31:32 AM  
 
2018-02-09 09:35:42 AM  
Anybody that follows Cramer's advice get exactly what they deserve.  That tool should have been a weatherman.
 
2018-02-09 09:59:12 AM  

MadMonk: Anybody that follows Cramer's advice get exactly what they deserve.  That tool should have been a weatherman.


Uh no.  Right now he's making people broke.  If he was  weatherman....motherfarkers would get killed from his bad advice.

"Other weathermen and I use the word lightly, are predicting several F5 flaming Tornado's striking the downtown Manhattan area, I call bullpaddys!  We will see some light wind and slight rise in temperature at worst.  Keep your kids in school and go about business as usual.  Heck I suggest keeping  jacket handy because it just might freeze"

*Two million dead*
 
2018-02-09 10:59:46 AM  

JohnBigBootay: iron_city_ap: Nonrepeating Rotating Binary: Are these those idiots?
[img.fark.net image 850x481]Tax cuts to spur the market and speed the economy when it is already at full employment?

Allegedly, there is a 6" height difference between Trump and McConnell. I found myself standing next to McConnell once in an airport (I'm 6'1"), and calling him 5'9" is being a little generous. Not sure why I noticed they appear to be the same height in this pic, but it's really standing out to me. McConnell's arm should be angled up and Trump's down, but they aren't.

Trump is not as tall as he says


People that exaggerate size are pathetic.
 
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