Don’t touch it with a 10 foot barge pole…
cnbc.com/id/27443435
Definite buy signal then!
Buy signal.
As I keep saying about Cramer - one day he will be right and the contrarians will be toast!
Yeah, and remember folks; “Don’t move your money outta Bear, that’s just bein’ plain silly” 
Best hoot I got in a long time.
Cramer is not a total mug.
Last year I seem to remember him saying that the Cerebrus private equity group which funded the Chrysler takeover would be in big trouble and would require a government bailout. That’s exactly what happened in the last few days.
True but I have read (don’t have the link) that his record is around the 50% mark. He makes sense on what he says for the info that is available at the time, he’s good at that, but he makes long term recommendations on this info which is not relevant in a lot of cases. Look at the link on Bear above. Just before he was on bear he was on SIRI. He says buy it. It was at 2.77 it’s 0.35 now. That’s a big miss in any market. I just think the nature of his show is wrong. He comes across as too certain on matters. On the other hand I know you should always do your own DD and you only get the advice you pay and God knows squawkbox and thestreet get bums on seats because of his mannerism, I just don’t rate him as an analyst.
Anyone reading the latest edition of The Intelligent Investor (The one with commentary after each chapter) will actually see what vindication looks like, as it rises off the page. This little titbit from Cramer is retold in all it’s gorey detail:
“you have to throw out all of the matrices and formulas and texts that existed before the Web. You have to throw them away because they can’t make money for you anymore, and that is all that matters. We don’t use price-to-earnings multiples anymore. If we talk about price-to-book, we have already gone astray. If we use any of what Graham and Dodd teach us, we wouldn’t have a dime under management.”
Shortly after Cramer wrote this, the dot com bubble burst.
I don’t actually have a big problem Cramer. He is what he is. I’m sure he gets a lot of people excited about stocks that wouldn’t otherwise be. I’m sure some people just find him entertaining even if they never buy a stock. He’s a TV personality, entertainment. Good for him.
I can’t watch him for the same reason that I can’t watch a lot of TV. And I definitely can’t read his books. But that’s ok.
-Rd
Certainly was FM - hope you’re topping up the glass with that 40% profit today!!!