Most Popular
1. THE INFLATION MONSTER is Forecasting RECESSION - Nadeem_Walayat
2.Why APPLE Could CRASH the Stock Market! - Nadeem_Walayat
3.The Stocks Stealth BEAR Market - Nadeem_Walayat
4.Inflation, Commodities and Interest Rates : Paradigm Shifts in Macrotrends - Rambus_Chartology
5.Stock Market in the Eye of the Storm, Visualising AI Tech Stocks Buying Levels - Nadeem_Walayat
6.AI Tech Stocks Earnings BloodBath Buying Opportunity - Nadeem_Walayat
7.PPT HALTS STOCK MARKET CRASH ahead of Fed May Interest Rate Hike Meeting - Nadeem_Walayat
8.50 Small Cap Growth Stocks Analysis to CAPITALISE on the Stock Market Inflation -Nadeem_Walayat
9.WE HAVE NO CHOICE BUT TO INVEST IN STOCKS AND HOUSING MARKET - Nadeem_Walayat
10.Apple and Microsoft Nuts Are About to CRACK and Send Stock Market Sharply Lower - Nadeem_Walayat
Last 7 days
Why PEAK INFLATION is a RED HERRING! Prepare for a Decade Long Cost of Living Crisis - 9th Aug 22
FREETRADE Want to LEND My Shares to Short Sellers! - 8th Aug 22
Stock Market Unclosed Gap - 8th Aug 22
The End Game for Silver Shenanigans... - 8th Aug 22er
WARNING Corsair MP600 NVME2 M2 SSD Are Prone to Failure Can Prevent Systems From Booting - 8th Aug 22
Elliott Waves: Your "Rhyme & Reason" to Mainstream Stock Market Opinions - 6th Aug 22
COST OF LIVING CRISIS NIGHTMARE - Expect High INFLATION for whole of this DECADE! - 6th Aug 22
WHY PEAK INFLATION RED HERRING - 5th Aug 22
Recession Is Good for Gold, but a Crisis Would Be Even Better - 5th Aug 22
Stock Market Rallying On Slowly Thinning Air - 5th Aug 22
SILVER’S BAD BREAK - 5th Aug 22
Stock Market Trend Pattren 2022 Forecast Current State - 4th Aug 22
Should We Be Prepared For An Aggressive U.S. Fed In The Future? - 4th Aug 22
Will the S&P 500 Stock Market Index Go the Way of Meme Stocks? - 4th Aug 22
Stock Market Another Upswing Attempt - 4th Aug 22
What is our Real Economic and Financial Prognosis? - 4th Aug 22
The REAL Stocks Bear Market of 2022 - 3rd Aug 22
The ‘Wishful Thinking’ Fed Is Anything But ‘Neutral’ - 3rd Aug 22
Don’t Be Misled by Gold’s Recent Upswing - 3rd Aug 22
Aluminum, Copper, Zinc: The 3 Horsemen of the Upcoming "Econocalypse" - 31st July 22
Gold Stocks’ Rally Autumn 2022 - 31st July 22
US Fed Is Battling Excess Global Capital – Which Is Creating Inflation - 31st July 22
What it's like at a Stocks Bear Market Bottom - 29th July 22
How to lock in a Guaranteed 9.6% return from Uncle Sam With I Bonds - 29th July 22
All You Need to Know About the Increase in Building Insurance Premiums for Flats - 29th July 22
The Challenges on the Horizon for UK Landlords - 29th July 22
The Psychology of Investing in a Stocks Bear Market - 26th July 22
Claiming and Calculating The Research and Development Tax Credit - 26th July 22
Stock Market Bearish Test - 26th July 22
Social Media Tips and Writing an Effective Call to Action - 26th July 22
Has Rishi Sunak Succeeded in Buying His Way Into No 10 - Fake Tory Leadership Contest - 26th July 22
The Psychology of Investing in a Stocks Bear Market - 26th July 22
Claiming and Calculating The Research and Development Tax Credit - 26th July 22
Stock Market Bearish Test - 26th July 22
Social Media Tips and Writing an Effective Call to Action - 26th July 22
Has Rishi Sunak Succeeded in Buying His Way Into No 10 - Fake Tory Leadership Contest - 26th July 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

CNBC Jim Cramer Repetitive Bear Market Bottom Wrong Calls

Stock-Markets / Market Manipulation Mar 11, 2009 - 04:21 AM GMT

By: Nadeem_Walayat

Stock-Markets Best Financial Markets Analysis Article"He Has No Idea, NO IDEA, of how Bad his Market Calls are" - This article continues on from where the last one left off ( Why Watching CNBC Could Destroy Your Portfolio) in the deconstruction of CNBC talking bobble heads repeatedly bullish market calls whilst the stocks bear market continued to rage, that continued to destroy the value of CNBC viewers portfolios. This article focus's CNBC's chief stock picking guru, Jim Cramer's market calls against actual outcomes which will hopefully prevent the further destruction of portfolio values.


11th March 2008 - Bear Stearns is fine, do not take your money out, BEAR STERNS is fine, Do not move your money out of Bear Stearns, Don't be Silly (ALL with the backdrop of the Bear Stearns Stock price)

6 Days Later - Bear Stearns Loses 90% of its value, and Jim Cramer attempts to revise history about what he implied on the 11th, but the video does NOT lie. HIS STOCK PICKING CNBC SHOW, WHILST REFERRING TO THE BEAR STEARN'S STOCK PRICE TOLD INVESTORS TO STAY PUT!

13th June 2008 - Jim Cramer's bull market buy calls - Says buy Banks, Buy Brokers, Wells Fargo, JP Morgan and tech stocks, and home builders, retailers.

Says NOT to buy oil and gas.

20th June 2008 - Jim revises history, he says - If you own banks and retailers then you are like the golam, not listening to him. He says if you own banks, home builders and retailers then you will be in pain, despite the fact that he specifically recommended buying bank stocks and retailers a week earlier.

Now he says the most important sector he recommends that you should have bought is oil and natural gas, whilst forgetting that the previous week he said NOT to buy them !

Jim Cramer Keeps Calling the Bear Market Bottom Again and Again and Again.

Jim's Bad Call - Housing Stocks Bottom called 2006

Jim's Bad Call - Fantastic U.S. Economy During 2008 - Feb 2007

Jim's Bad Call - Buy the Dow at 14,000 Bull Market Calls - November 2007

Jim's Bad Call - Buy Retail Stocks - November 2007

Jim's Bad Call - Buy the Bank Stocks - Feb 2008

Jim's Bad Call - Dow 13,800 - Buy the stock maket again

Jim's Bad Call - Dow 12,300 - Dow Falls but Cramer says Buy, Buy, Buy ! Expects a HUGE rally

Jon Stewart Wipes the Smile off Cramers Face

Jon Stewart, the latest to join in, in attempting to hold Jim Cramer and CNBC to account for what passes for financial journalism that has led the millions of investors who watch CNBC into near total portfolio wipeout.

In closing, I refer back to one of Jim Cramer's infamous rants - "He has No idea, NO IDEA how bad his market calls are, NO IDEA, CNBC Viewers should cut the volume, CUT the Volume, CUT THE VOLUME, before their Portfolio hits ZERO".

By Nadeem Walayat
http://www.marketoracle.co.uk

Copyright © 2005-09 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on the housing market and interest rates. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 250 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Attention Editors and Publishers! - You have permission to republish THIS article. Republished articles must include attribution to the author and links back to the http://www.marketoracle.co.uk . Please send an email to republish@marketoracle.co.uk, to include a link to the published article.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Colin
17 Mar 09, 04:23
Jim Cramer

Cramer, his CNBC & media buddies, do NOT make bad calls. They make calls according to what stocks they, or their hedge fund buddies hold, long or short & then fleece the poor suckers who follow their calls.


Eric
18 Mar 09, 16:41
Shameless Jim Cramer

it is disgusting, pathetic but funny watching CNBC's Jim Cramer shamelessly beat the drum for his financial industry masters. Cramer's shameless pro-sell contortions in the face of a growing crisis make a under-dressed tart look respectable.

---nah...he's not on the payroll of any fat cat financials, is he? "

Sheez.


Reverse Cramer
19 Mar 09, 01:02
Just do the reverse of what Cramer says

If he generally make people to loose when following him, I think we just have to do the reverse of what he says.

Let's give a try, maybe it works, who knows. If it works, then he would be pretty good for us to do Reverse Cramer.


shari H
03 Jun 09, 12:07
Jim Cramer's Boo-Hoo Ya

Thank you.


shari
03 Jun 09, 12:10
Jim Cramer did it again

You missed last night. Cramer made fun of anybody who didn't get into the market right now, there was no bear market at all, it was full steam ahead, and we all missed the boat - and buy buy buy


Post Comment

Only logged in users are allowed to post comments. Register/ Log in