March 10 at 1:13PM
The Jim Cramer/Jon Stewart Brouhaha
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Thanks Punditphilia. I won't let it go to my head
I'd like to nominate bearness for Secretary Chairman of the Fedsury. This is well put and the same reason I can't tolerate Suze Orman. She doesn't know your situation so how is that one size fits all solution possibly going to help you. If people would just turn off the trash and go talk to their neighborhood financial rep we would all be doing lots better right now.
Jim Cramer deserves to have a lot of people "having it in for him". Most famously there was the Bear Sterns thing. But if you owned all the tech funds Cramer was recommending in 1999, "The only 10 funds you ever need to own", you would have lost roughly 90% of your money when the dot-com bubble burst.
Never take stock tips, especially from someone on TV. Reason #1: Its not their money, they aren’t getting paid by you, why would you expect them to give away the best information for free. Reason #2: If you haven’t done any research and know nothing about it, you are not “investing” you are betting. If you wouldn’t bet that much money at a casino don’t bet that much money in the market.