Jim Cramer Spits the Dummy

[CanOz]

Good grief.....He is really letting off some steam there. I reckon he's had a long bet for a bounce on Friday and got caught for a mint. What else could explain such a rant?


Thanks for the embedded vid Wayne.

 

[reece55]

That has got to be the funniest and yet saddest thing I have seen in a while...

Yes, Wayne, I agree Cramer is a Muppet - however, one thing I do give him is he is passionate about markets and not afraid to issue his opinion. Most of the time it's just whoa wa US nonsense, but passion is still a positive thing.....

God, it must be real bad in the US from his comments....... Glad i'm not in the banking sector......

Cheers

 

[Enoch]

Very funny.

I will watch it again.

I say bring back Paul Volker.

Exposed definitely.

Serves him right.

God bless America

 

[wayneL]

LOLOLOL

An annotated version of the Cramer rant. He will NEVER live this down.

 

[reece55]

LOLOLOL

An annotated version of the Cramer rant. He will NEVER live this down.

HAHAHAHAHAHAHA.. That is glorious Wayne, keep the clips coming....

I think you're right - people won't be forgetting this very quickly..... Love the bit about rich ppl not able to have cheap access to capital....

Cheers

 

[nomore4s]

lol, gotta love him, ranting and raving, makes good TV I suppose. He'll give himself a heart attack if he's not careful.

 

[theasxgorilla]

He's set the entertainment bar very high for himself now...I can't stop watching it. When's his next show due?

 

[Sean K]

He's set the entertainment bar very high for himself now...I can't stop watching it. When's his next show due?

He's on every night on CNBC America version with his own 30 min show called 'Mad Money'. You get the drift.... He's usually extremely annimated, but never that much!

 

[BradK]

hahahha... what a tosser f@*k nut American!!!

Best laugh for a while. Its guys like that that make me glad Im SHORT!!! LOLOLOLOL

Cheers
Brad

 

[Smurf1976]

Most things I can recall people saying in the heat of the moment have turned out to be at least partly true. The whole incident is rather telling the way I see it. Things ain't good.

Had to laugh though at the "people are losing their jobs" bit. Since when did Wall Street give a damn about anyone losing their job? People are absolutely expendable as far as they are concerned as long as the downsizing, outsourcing or whatever creates a trading opportunity. Funny how they don't like it when they find themselves the latest victim.

 

[wayneL]

Had to laugh though at the "people are losing their jobs" bit. Since when did Wall Street give a damn about anyone losing their job?

Whens it's THEIR jobs!

 

[dhukka]

If Jim's TV show goes belly up he might have a career in the music industry waiting for him. Could this be the next chart topper?

 

[wayneL]

If Jim's TV show goes belly up he might have a career in the music industry waiting for him. Could this be the next chart topper?

Ahahahaha very good. This is taking on a life of it's own.

dhukka,

Did you notice the Cramer youtube from a couple of weeks ago that Ritholtz put in that same post? It's proof of Cramer's muppetness... and his narcissism!

 

[dhukka]

It seems the guy has built up a respectable reputation over the years and has now pissed it away in a matter of weeks. How could you have any credibility left by saying that he couldn't care less if all the sub-prime paper imploded? Seems he started to care last Friday. Grade A moron.

 

[theasxgorilla]

Did you notice the Cramer youtube from a couple of weeks ago that Ritholtz put in that same post? It's proof of Cramer's muppetness... and his narcissism!

Unbelievable...2 weeks ago subprime was a little joke about the poor b@$tard ordering the wrong steak...how did it get so serious in 2 weeks??? WTF flicked his switch???

 

[wayneL]

Unbelievable...2 weeks ago subprime was a little joke about the poor b@$tard ordering the wrong steak...how did it get so serious in 2 weeks??? WTF flicked his switch???

Margin Call?

 

[Magdoran]

Great thread thanks Wayne! Certainly provided some entertainment this morning…

So, is this theatre, or did Cramer have too much coffee?

This is so hypocritical - Cramer starts off saying that Bear Stearns shouldn’t have made the comment that this is the “worst bond market in 22 years”, and should have adopted a “Never explain, never complain” stance.

Then he comes out with this gem – saying that they need to “Speak softly” and that “they should have said that they’re doing well and not said anymore”.

Then he works himself into a melt down using terms like Armageddon and how bad it is out there... Classic irony - do as I say not as I do.

I agree with Wayne, top marks to the co-presenter Erin Burne who coolly weathered Cramer’s rollercoaster of emotions during his tirade, and valiantly tried to steer him back into some sense of composure. That’s the kind of person you’d think would make a great trader, cool under pressure. She’s the one who should be heading the show, not the other way around. I suspect it’s just a matter of time.

This kind of emotional reaction is why markets capitulate, washing out the sellers in a spike down in sheer panic and desperation. Cramer I suspect would not make a good trader. He’d be the guy selling at the bottom.


Mag

 

[Magdoran]

Woops, that should have read "Erin Burnett"

 

[insider]

Jeez I feel sorry for that girl interviewing him...

 

[Hopeful]

I think he's just acting it up for the cameras. Because he was very well contained under such emotional pressure, didn't utter anything even close to a TV no-no word.

He was saying last Thursday that his indicators were emitting strong buy signals for the markets, did he back up the truck on Thursday? Looks like it.