| The Daily Show With Jon Stewart | M - Th 11p / 10c | |||
| Jim Cramer Pt. 1 | ||||
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| The Daily Show With Jon Stewart | M - Th 11p / 10c | |||
| Jim Cramer Pt. 2 | ||||
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| The Daily Show With Jon Stewart | M - Th 11p / 10c | |||
| Jim Cramer Pt. 3 | ||||
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Wednesday, March 25, 2009
Mad Money Cramer is a fraud just like the rest of them
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I won't call Jim Cramer a fraud, anyone who bases their investment strategy off a guy on CNBC has no one to blame but self. This is why individual investors hold "dumb money." Because they make decisions without really knowing why. Listening to Cramer is like writing a research paper and citing Wikipedia!
ReplyDeleteCramer did screw up and Jon Stewart did nail him on it. But in Cramer's defense, nobody had any idea of how bad the financial sector was going to be hit. I was considering investing in Bear Sterns, thankfully I didn't. Unfortunately I did have a small stake in Lehman Brothers. But that's why you diversify and keep moving. A lot of people took their money out of the market because they were scared. I took some money out of the market because I knew it was going to drop and I had an idea of when I wanted to get back in. My advice is if you don't follow the market and don't do your own research you should let someone else manager your money.
The parts I picked up that was fraudulent was Cramer and CNBC are passing themselves off as knowledgeable financial resource but they failed to fact check a CEO that came on their show and lied, and they knowingly promoted a stock that was going to tank. Also he admitted that to illegal tactics buy putting out a bunch of disinformation to move a stock and the whole time they are gambling with people retirement. They also mentioned that MAD Money viewership is down ~20%, I think they need to get slammed. Your comment of "let someone else manager your money." in this age all to often means "Let someone take advantage of you"
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