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Is Jim Cramer the biggest idiot out there?
Posted on 11/20/18 at 11:18 am
Posted on 11/20/18 at 11:18 am
As recently as last week he was advocating buying tech stocks as they were on 'sale'. Today he says the market is a 'full blown bear'. If he was really smart he'd have told everyone to sell their equities on October 3rd and moved to cash. He is just as clueless as the rest of us when it comes to predicting the markets.
This post was edited on 11/20/18 at 11:25 am
15
Posted on 11/20/18 at 11:20 am to rickgrimes
#IWasThere
This post was edited on 11/20/18 at 11:21 am
Posted on 11/20/18 at 11:39 am to rickgrimes
quote:
As recently as last week he was advocating buying tech stocks as they were on 'sale'. Today he says the market is a 'full blown bear'. If he was really smart he'd have told everyone to sell their equities on October 3rd and moved to cash. He is just as clueless as the rest of us when it comes to predicting the markets.
Its very typical of idiots to be a graduate of Harvard, Harvard Law, and have a net worth of 100+ million dollars, they sure didn't let him on TV for his looks.
Posted on 11/20/18 at 11:44 am to rickgrimes
quote:Have you ever read the Political Board??
Is Jim Cramer the biggest idiot out there?
Posted on 11/20/18 at 12:02 pm to jimbeam
Great gif. Backstory?
Posted on 11/20/18 at 12:09 pm to weagle99
Posted on 11/20/18 at 12:31 pm to rickgrimes
my rule is if Cramer says it then it's too late to act on already.
Posted on 11/20/18 at 12:32 pm to rickgrimes
"He is just as clueless as the rest of us when it comes to predicting the markets."
AGREED!
AGREED!
Posted on 11/20/18 at 12:33 pm to jimbeam
quote:
LINK /
Original thread
That was awesome
Posted on 11/20/18 at 12:39 pm to rickgrimes
I use Cramer to gauge what the bulk of the public investing market is thinking. He drives so much of the conversation.
This post was edited on 11/20/18 at 12:46 pm
Posted on 11/20/18 at 1:13 pm to rickgrimes
May I suggest James Cordier and the hedge fund Optionsellers as a runner up? They made money by selling OTM options with a lot of leverage. He recently decided it would be a good idea to do so with natural gas just before the winter season, the time of major volatility for the NG market.
Now, it should be noted that NG has the nickname 'widowmaker' by traders because of its volatility without the leverage he was likely employing, so it shouldn't surprise you that Optionsellers now has a bad case of the deds.
Now, it should be noted that NG has the nickname 'widowmaker' by traders because of its volatility without the leverage he was likely employing, so it shouldn't surprise you that Optionsellers now has a bad case of the deds.
Posted on 11/20/18 at 1:41 pm to jimbeam
You say BOOYAH
We say BAW YEA
We say BAW YEA
Posted on 11/20/18 at 2:12 pm to ItzMe1972
quote:
"He is just as clueless as the rest of us when it comes to predicting the markets."
AGREED!
“We’ve long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.”
Warren Buffet
Posted on 11/20/18 at 2:26 pm to rickgrimes
He is like most traders... If you make lots of trades it's easy to pimp your winners, and forget about the bad calls.
If Cramer knew where the market is going, he wouldn't be telling the world about it.
It's financial porn... Short term trading is a losing game.
If Cramer knew where the market is going, he wouldn't be telling the world about it.
It's financial porn... Short term trading is a losing game.
Posted on 11/20/18 at 2:44 pm to CivilTiger83
Peter Lynch of the famed Magellan fund said "Nobody knows which way the market is going."
Posted on 11/20/18 at 2:51 pm to rickgrimes
Cramer is doing like an hour show a day on the market talking about 100s of stocks. Of course he isn't gonna always be right, at best he's right 50% of the time which ain't bad. He's not doing a show on long term investments that we will continue to watch for the next 20 years. It's entertainment but I enjoy his show although I don't watch it like I use to. He nor anyone else truly knows what to expect for the future of the market. Except for the fact that it will keep going up and then back down.
Posted on 11/20/18 at 2:53 pm to jimbeam
quote:
Original thread
Posted on 11/20/18 at 3:46 pm to rickgrimes
He’s a talking head but his stance on China and the Federal Reserve are two I couldn’t agree more with
Posted on 11/20/18 at 4:25 pm to jimbeam
quote:
Original thread
i remember that happening real time
Posted on 11/20/18 at 4:53 pm to rickgrimes
If Larry Kudlow weighs in with the same opinion, that's when I know it's time to buy.
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