Comments on: Cramer’s TheStreet.com Sneaky?

By: Jack

Jack — Tue, 16 Sep 2008 18:04:06 +0000

If someone is buying his picks based on Jim Cramer’s recommendation then they shouldn’t buying to begin with they should be buying ETF’s instead period.

By: Kim G

Kim G — Wed, 09 Apr 2008 01:49:52 +0000

As someone “in the business” (analyst at a large mutual fund), the video seemed pretty clear to me. There’s no need to pull your account out of BSC if you are a client; your funds will be fine. However, I do agree that Cramer should have been clearer about this point. Some certainly could have interpreted this to mean that an investment in BSC stock was safe, which of course it wasn’t.

The second point, whether theStreet.com changes history on their website, is a big one. I’ve been a loyal TSC reader since they were founded, and this allegation disturbs me.

Has anyone contacted theStreet.com to get their side of the story? I’d do that before making any final judgments.

Finally, as someone who has tremendous expertise in one particular industry, I can tell you that when Cramer talks about that industry, it’s pretty clear that he knows very little, and is often wrong. So I assume that anything he says about other industries is also probably wrong.

In fact, as someone who used to be interviewed by the press (when I was sell-side) fairly often, I can assure you that their lack of knowledge on what they are writing is frightening.

Anything you read in the press should be taken with a huge grain of salt.

By: tom

tom — Wed, 26 Mar 2008 03:58:32 +0000

After Jim Cramer saw what Vince McMahon did by changing wrestling into a stage show, he decided to turn investing into stage show. Mad Money is where Wall Street meets the WWE. The best gimmick sells. He is strictly for entertainment.

By: No please.

No please. — Mon, 24 Mar 2008 00:33:30 +0000

Cramer lies; he recommended Bear Stearns, the stock and options, as a buy on his Wall Street Confidential show earlier that day, before his Mad Money show!

By: Yaser Anwar

Yaser Anwar — Sun, 23 Mar 2008 21:40:54 +0000

Chris,

The video taken offline? If anybody else knows where I can watch, please do tell. Thanks, Y.

By: Chris

Chris — Fri, 21 Mar 2008 16:21:44 +0000

Eddie,
Tate is right. The Cramer part is not a big deal but TheStreet.com erasing bad calls they have made in the past is a huge deal. That is corrupt! And they are a public company.

By: Tate

Tate — Fri, 21 Mar 2008 15:10:04 +0000

Not the point Eddie. The issue is revising trade calls on what’s supposed to be a reputable site not to mention a publicly traded company! How do you think shareholders feel about this. Deservedly so the stock is down 50% in 2 months. I’ve been watching Don’s videos since last year and the guy does do some great stuff and I’ve posted a few of them over at my blog. Somehow I missed this. I really think Cramer’s days are numbered .. at least in the high profile way we’ve seen at CNBC over the past year.

By: Eddie

Eddie — Fri, 21 Mar 2008 07:24:34 +0000

This is pretty funny.

I don’t see why it’s a big deal though. Doesn’t anyone who knows anything about investing not pay attention to this guy? He’s wrong pretty often.

By: Marc

Marc — Thu, 20 Mar 2008 17:06:43 +0000

I think the lesson learned is clear.

The poor track record of Cramer has been known for some time. I feel for the suckers.

Cheers,
Marc