Mad Monkey or Krammmer CrapHead. Which is a better nickname for that idiot on TV?
He recommended CHK@65 now at $15 and CLNE@16 now at $6.50 RAME@6.50 now at 0.90 cents WFC@37 now at $28 BAC@34 now at $14 JPM@@46 now at $30 & he always reads the letters from fans saying how great he is, just once I would like him to read one of my emails on the air
Best Answer
904 points
jillybeansisme answered 11 months ago …
You have to remember his success rate . . . I believe it was 63% (or somewhere around there). My two year old could do that. The point is don't just invest with someone because they claim to be knowledgeable. Check them out. Check out their strategies. Check out their results. Alot of the "gurus" don't even invest in the market. They paper trade and give you those results. If it sounds too good to be true . . .such as the ones that tout, "If you had invested $10,000 in XYZ you would have made $468,000" -- and are you really going to invest $10,000 in each recommendation? Not unless you have megabucks, in which case you probably have a personal financial advisor anyway.
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2082 points
alanj answered 11 months ago …
He doesn't impress me either. A few months back he tells people to get out of the market after it makes that huge drop, not before. He's just to nutty. I don't know how anyone can take him seriously. I usually just turn the channel and watch something else, unless I want to be entertained. He kind of reminds me of the 3 Stougges(?),(Larry, Curley, and Moe) rolled into one.
If you want some good advise on mutual funds and ETF's go here http://www.successful-investment.com/ and sign up for his free email newsletter. It comes out on Friday's. And you can also read his daily blog here http://thewallstreetbully.blogspot.com/ . He told his readers to get out back in I believe it was July, before the big crash. He doesn't do individual stocks.
4085 points
EthanR answered 11 months ago …
I have to defend Jim Cramer. Of course he is not always right. How can you make that many stock picks, including the lightening round, and have a high winning percentage? But give him a break, as he has also been right on many things, including saying one year ago that the stock market will not do well until the housing market improves. He was the first that I heard say that. Now a few weeks ago, our beloved Treasury Secretary said the same thing!
He is always entertaining, so if you don't want to go by his picks, at least watch him for fun. But the man is also very knowledgable.
3963 points
MNSL answered 11 months ago …
Unlike those days we have to be very careful about some top investors, hedge fund mangers, top investment banks, media promoters, and other sophisticated market players etc.
Some are trying to safeguard their investment by advising others to buy their investment and products.
We know what happened to people who listened to these players in the past.
However, Crammer has selected two USA stocks and one international stock correctly this time. I think these stocks will outperform market in the next 06 months and in the next 05 years. In a sector oriented bull market one of his stocks will appreciate rapidly in the next 18 months.
678 points
BoxCar answered 11 months ago …
Sometimes I get the feeling that CramAmerica is a Wall Street propaganda show,
never see much about chart analysis and he does promote his own naysaying, like
his famous "They know nothing" Was that done to ensure gov't BailOuts to go down
when nothing is said about BailOuts serve to "Float the Bloat" and companies in a
crunch have to "DownSize or CapSize". Just hope more money will flow and isn't
that what got us into this mess? Its like the economy is a stumbling drunk and here
comes the Feds with bottles of more whiskey, like pouring gasoline on a fire.
When Cramer derides the thot of a 2nd Great Depression coming like a freight train
that's when I question, "Is this guy clueless or what?" I can see it clear as a bell and
like Obama says, "Its going to get worse before it gets better" then go to alanj's link
www.thewallstreetbully.blogspot.com/ and read a CHILLING comparison of the S&P
to the 1929 stk mkt crash of the DOW. If we follow that trend line we will see a mini
rally here in 2009 when we get a respite from mortgage resets, but watch out when
the 2nd wave hits in 2010- LIke I said, all of this is written, just have to ferret it out.
