General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUmm...F@#K YOU, Jim Cramer! When Will CNBC Fire This Pernicious Little Pinworm?
The same pernicious little pinworm who was telling everybody to "BUY BEAR STEARNS!" a week before the stock price dropped by 93% in 2008? Yeah, THAT guy.
I just caught the tail end of Jim Cramer's MAD MONEY. As usual, he's giving advice on what stocks to buy in light of political events. That's fine, when you're talking about politics as usual. But THIS is way out of bounds.
He said the following:
Because Biden has promised to listen to the scientists, and the scientists recommend shutting down restaurants until the pandemic is under control ..."A Biden Administration doesn't bode well for the restaurant industry because of the pandemic."
Okay, fair enough. But then he casually said the following:
"If Trump overturns the election, restaurants are more enticing than under Biden."
WTF!? "If Trump overturns the election...?" THE ELECTION IS OVER, and (according to democracy) BIDEN WON. What you're talking about, in a cold-blooded, matter of fact, strictly business way is a goddamned political COUP D'ETAT! You're gleefully musing about how to make money in the face of a COUP! Sure, it's not a coup that involves rolling tanks into Washington. It MUCH WORSE than that. It's a coup involving seditious partisan hacks abusing their political power to keep the guy who LOST the election in power. I'd take the tanks ANYDAY. At least it's OBVIOUS what you're doing.
Tell me, do the money yackers in banana republics talk this way? And is that what WE are now?
Were the financial advisors in 1973 Chile saying "Well, on the one hand, Salvador Allende won the election, so you can make money on schools and hospitals. But if Augusto Pinochet stages a coup d'état, you'd be better off investing in prisons and concentration camps. Better hedge your bets, and invest in weapons AND hospitals. Can't loose THAT way."
uponit7771
(90,302 posts)... They're not even trying to stay impartial now.
torius
(1,652 posts)radius777
(3,635 posts)Cramer is an ignorant clown. Undemocratic forms of government ruled by strongmen were the default for most of human history, and still the default around much of the world. It is Western style democracy based upon rationality that is new.
Volaris
(10,266 posts)'When theres blood on the street, buy real estate.'
Cramer's just doing what the Chicago School taught him. Yeah, it sucks, but it's what Wall Street DOES.
PCIntern
(25,481 posts)Just talk as fast as you can on (C/MS) NBC. Hysteria prevails over normalcy.
Carnival barkers both
Sherman A1
(38,958 posts)There is that remote control. I fired Jim Cramer a very long time ago after watching about 5 minutes of his program. His schtick is just wearing and his information is pretty much BS.
I dont watch any channel where people yell into the camera.
TrollBuster9090
(5,953 posts)...who casually talks about the advantages/silver lining of an American coup should be punished with more than just the remote control. He should be BOYCOTTED INTO OBLIVION, (best Shakespearean stance) to the infamy of his name, and the utter damnation of his line! I want his grandchildren to have to change their names, and his wife to sue him for everything he's got. Then, MAYBE, the other money-mouths will think twice about treating a United States coup d'etat as a casual way to make some extra money.
JI7
(89,240 posts)talking about what Trump says and not calling her that directly.
Crazy piece of shit. Can you imagine any women who behaved as he does being on tv.
MyOwnPeace
(16,917 posts)Jon Stewart had him on - just after he had made that disasterous "BUY" declaration.
Jon had him as the appetizer, main course, and dessert!!!
Couldn't have happened to a better oaf!
TrollBuster9090
(5,953 posts)BSdetect
(8,995 posts)MyOwnPeace
(16,917 posts)in the dRump mis-administration. After all, he's on TV - that makes him great, right??
dawg day
(7,947 posts)The pandemic is controlled. It's not either/or.... it's if only.
John1956PA
(2,654 posts). . . within a year, the stock value was $7 per share.
TrollBuster9090
(5,953 posts)So, it couldn't have been ALL bad.
HughBeaumont
(24,461 posts)Friends don't fire or arrest friends.
BlueNProud
(1,048 posts)Just couldn't take Joe Kernan injecting his odious politics into everything
Baitball Blogger
(46,684 posts)No one has ever taken them to the woodshed over these overreaches.
former9thward
(31,940 posts)But I do belong to his private subscription service. And I have made a lot of money from following his recommendations. His record is not perfect -- no one is. If you are looking for that then follow your own thoughts and good luck.
BTW on his private service he comments on the market daily and he is very anti-Trump on most matters.