Youtube Video: Bear Stearns, Jim Cramer, The Federal Reserve, JP Morgan

[specialkornflake]

A guy named Don Harrold isn't happy:

http://www.youtube.com/watch?v=4sZCNlPwG8o

 

[rfbz]

damn...this needs to go viral

 

[pinkmandy]

Cramer on Today show right now...saying Feds need to do a big bailout and save "the system" so we don't become a barter economy. After seeing the vid above he makes me ill...

 

[Corydoras]

I loved the video and I'm glad to know about this guy. But I think he's being too hard on Cramer.

Back around 1983, someone wrote into Money Magazine and said he'd been asked to invest in Andrew Lloyd Webber's production company, and did they think he should. They said no, it's too risky to invest in the creative output of one mind.

Right. Andrew Lloyd Webber's next production was "Phantom of the Opera," a big success! But does that mean that Money Magazine is utter crap? I don't think so.

Even informed commentators just do not really know what is going to happen next.

 

[OptionsTrader]

Cramer isn't a financial advisor, he is an entertainer.

 

[Corydoras]

Cramer isn't a financial advisor, he is an entertainer.

Yes, and asking him what to do is on a par with going on Dr. Phil instead of getting a real counselor.

 

[OptionsTrader]

The magic 8-ball is more reliable than that comedian.

 

[HOLLYWOOD]

The Problem is: AMERICANS

call them "SHEEPLE"
call them "IGNORANT"
call them "STUPID"
call them "MORONS"
call them "IDIOTS"

that plus the CORRUPT Corporate MSM and Federal/State Propaganda Machine Governments are your "RECIPE FOR DISASTER"

Does anyone, beside the members on this board, do critical thinking or investigation?

I've carried my signature since day one on this board... Thomas Jefferson was Sooooo Right!

 

[homah]

It must suck to be one of the people who lost a bundle on Bear Stearns, but it isn't Jim Cramer's fault. Not even an expert (not saying that Cramer is one necessarily) is right all of the time. Those who lost all of their money because of this shouldn't have had all their eggs in one basket. I don't watch Cramer, but I'm sure he's mentioned that people shouldn't put more than x% into a single stock.

 

[ARealConservative]

That was pretty good.

Does that guy contribute here at all?

 

[Cleaner44]

Yes, and asking him what to do is on a par with going on Dr. Phil instead of getting a real counselor.

There is a difference that Cramer has actually made millions investing not just pretending. I don't know if Cramer is corrupt or just out of touch with reality.

 

[angelatc]

Cramer isn't a financial advisor, he is an entertainer.

Yes, and the dart board wins the WSJ journal stock pick games as often as the pros do.

 

[ItsTime]

Thanks I enjoyed this.

 

[angelatc]

It must suck to be one of the people who lost a bundle on Bear Stearns, but it isn't Jim Cramer's fault. Not even an expert (not saying that Cramer is one necessarily) is right all of the time. Those who lost all of their money because of this shouldn't have had all their eggs in one basket. I don't watch Cramer, but I'm sure he's mentioned that people shouldn't put more than x% into a single stock.

What do you suppose Cramer's remarks were based on? See, I'm thinking that the "do not panic" message was intentionally planted to allow the insitutional clients to sell off the top.

(Lord, I'm becoming a conspiracy theorist!)

 

[banjojambo9]

Hindsight is always 20/20

 

[No1ButPaul08]

Cramer was just on CNBC to explain. He said he was talking about the actual money in the bank and hedge funds, not the common stock. He's so full of shit

 

[angelatc]

Cramer was just on CNBC to explain. He said he was talking about the actual money in the bank and hedge funds, not the common stock. He's so full of shit

You mean, he was saying that if you had an account at Bear Stearns, you should leave it there?

That can't be right, because it is absolutely laughable.

 

[ItsTime]

So what does "dont sell" mean?

Cramer was just on CNBC to explain. He said he was talking about the actual money in the bank and hedge funds, not the common stock. He's so full of shit

 

[OptionsTrader]

Cramer was just on CNBC to explain. He said he was talking about the actual money in the bank and hedge funds, not the common stock. He's so full of shit

Regardless of how he wants to wiggle, he said "Bear Stearns is not in trouble."

That is laughable because he knew like the rest of the world that BSC is the epicenter of the CDO nightmare.

His show is for entertainment. His idiot pimple-faced nephew writes the show.

 

[AceNZ]

The fact that anyone would take Cramer's advice is insane.

Maybe Cramer should start his show with a new disclaimer: "I'm not a financial adviser, I just play one on TV."

His real job is first to entertain and second to cheerlead. Anyone who has ever looked the success of his stock-picking advice knows that it's as bad or even worse than most of the other cheerleaders on MSNBC. In fact, I bet someone could make a good living by doing the exact opposite of what people like that suggest.