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No, you are incorrect. So let me help you understand. Cramer is an entertainer, that's it. He even offered worse advice when he told everyone to get of the market completely. It was a buying opportunity of a lifetime (all included in the video). Watch the full video:
CNBC is MSM. So basically if you do the opposite of what CNBC pumps out you will do well. Can't count the number of times someone on CNBC has recommended a specific stock or play, and in the disclosure or when asked about it, they don't even own it. Most of the time when they are saying for you to do one thing, they are doing the opposite. Just Cramer alone has made some of the worst calls of the decade.
I agree with your comment. It just seems to me that many people follow the show's lead and buy stocks on their recommendations or their guests recommendations, especially Cramer's. I cannot tolerate Jim Cramer.
No, you are incorrect. So let me help you understand. Cramer is an entertainer, that's it.
Of course he's an entertainer. But what does that have to do with you completely misinterpreting and misunderstanding the video you linked to regarding Bear Stearns?
Of course he's an entertainer. But what does that have to do with you completely misinterpreting and misunderstanding the video you linked to regarding Bear Stearns?
Did you watch the second video I posted? Cramer comments for himself about his Bear call.
No, you are incorrect. So let me help you understand. Cramer is an entertainer, that's it. He even offered worse advice when he told everyone to get of the market completely. It was a buying opportunity of a lifetime (all included in the video). Watch the full video:
cnbc provide a platform for people with various opinions and agendas , some opinion makers or guests are better than others
michael gayed I find to be excellent , he was ultra bullish a year ago but he,s not a perma bull In the way Jeremy siegel is
marc faber is a crank and jim rogers clearly doesn't even believe what comes out of his own mouth or he,d be flat broke
as for the everyday guests like crammer , those guys are more short term analyists , I like the half time report show but the guys on that show are clearly day traders so most people would not want to put money to work based on what they say
I agree with your comment. It just seems to me that many people follow the show's lead and buy stocks on their recommendations or their guests recommendations, especially Cramer's. I cannot tolerate Jim Cramer.
-Cheers.
am I the only one who assumes JC must have a daily diet comparable to tony Montana towards the end of the movie scarface , I know he,s a jewish new Yorker but surely no one is that highly strung on a daily basis
Overall I like the channel, but like every media outlet you can't take it at face value. They are always going to promote being long and having a bullish sentiment, because that's what people want and that's what gets ratings.
The people who really want the 'fractional reserve debt phony credit system' to collapse mostly congregate on the internet and are in the minority. They were right about metals, but only because they were lucky. Now they are wrong, metals are tanking, and taking their advice all the time is as foolish as taking Cramer's or anyone else's advice all the time. They are not paid to be right. They are paid to give opinions and get ratings.
My advice is simply this... take anyone's opinion with a grain of salt. Buy low. Buy sectors and stocks when they are out of favor (like AAPL right now for example) and don't obsess over valuation too much.. look for growth and momentum without buying 'high' ...
I agree with your comment. It just seems to me that many people follow the show's lead and buy stocks on their recommendations or their guests recommendations, especially Cramer's. I cannot tolerate Jim Cramer.
-Cheers.
If it's on tv... You probably shouldn't do it...
Quote:
Originally Posted by stockwiz
My advice is simply this... take anyone's opinion with a grain of salt. Buy low. Buy sectors and stocks when they are out of favor (like AAPL right now for example) and don't obsess over valuation too much.. look for growth and momentum without buying 'high' ...
I personally wouldn't buy AAPL right now. It's tanked, but can we honestly say it is out of favor yet? Still way too much hope for it. Least on main street. Wall Street will milk that.
Long term, love the company. But would wait. Personally waiting for a real capitulation and/or (most likely and) Cook canned.
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