Comments on: Jim Cramer: GM “joins the list of unthinkables” http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/ The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sun, 22 Nov 2009 21:08:30 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: TokyoEnthusiast http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-545171 TokyoEnthusiast Thu, 26 Jun 2008 04:46:29 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-545171 When I saw Jim Cramer being paraded about as an example of an investment guru, I was afraid TTACs had just jumped the shark. Thank God I was wrong. Excuse me while I click on some advertisements, you all deserve a raise. Incidentally, why praise Craimer over the Housing bubble when freaking Philip Kaplan was predicting that on F'dcompany since 1999? Everyone knew that it would blow sky high, an asset doesn't appreciate like that without something fundamental changing. What fundamentally changed in America over the past 10 years that would require the population to move closer to large population centers? When I saw Jim Cramer being paraded about as an example of an investment guru, I was afraid TTACs had just jumped the shark.

Thank God I was wrong. Excuse me while I click on some advertisements, you all deserve a raise.

Incidentally, why praise Craimer over the Housing bubble when freaking Philip Kaplan was predicting that on F’dcompany since 1999? Everyone knew that it would blow sky high, an asset doesn’t appreciate like that without something fundamental changing. What fundamentally changed in America over the past 10 years that would require the population to move closer to large population centers?

]]> By: pls http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-544831 pls Thu, 26 Jun 2008 00:05:45 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-544831 I've been reading Cramer for about 10 years, and he does have a track record - making his hundreds of millions before retiring from the hedge fund to the media job. The highlight might having been calling the top in 2000 and being net short the market for most of the next year. And the youtube segment from last August was an accurate call on the housing debacle of the last 10 months which was totally right. That said, I can't find any value in his current TV show. It's a mish mash that places more value on entertainment and histrionics for his target audience (18 to 29 year olds) than useful investment information. I’ve been reading Cramer for about 10 years, and he does have a track record – making his hundreds of millions before retiring from the hedge fund to the media job. The highlight might having been calling the top in 2000 and being net short the market for most of the next year.

And the youtube segment from last August was an accurate call on the housing debacle of the last 10 months which was totally right.

That said, I can’t find any value in his current TV show. It’s a mish mash that places more value on entertainment and histrionics for his target audience (18 to 29 year olds) than useful investment information.

]]> By: rtz http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-544581 rtz Wed, 25 Jun 2008 22:20:32 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-544581 After seeing his meltdown, I don't listen to anything that guy says: http://www.youtube.com/watch?v=SWksEJQEYVU I didn't listen to him before, but that was just too much. After seeing his meltdown, I don’t listen to anything that guy says: http://www.youtube.com/watch?v=SWksEJQEYVU

I didn’t listen to him before, but that was just too much.

]]> By: Pch101 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-543902 Pch101 Wed, 25 Jun 2008 19:24:38 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-543902 <em>I’m no Cramer apologist but when asked about BS, (in the Youtube clip posted by Pch101) the caller was asking about its liquidity. The caller wanted to know whether to pull money FROM HIS ACCOUNT AT BS. The caller did not necessarily own BS shares. Cramer was right. It was bought out and all those who had accounts there had no reason to worry about their money.</em> If that quote was taken out of context, I apologize. (Admittedly, I didn't see the original broadcast. All that shouting...) That being said, Cramer says very clearly on that clip that "BEAR STEARNS IS NOT IN TROUBLE!!!!!!" Clearly, it was. Obviously he missed that. For what it's worth, on the day of the big decline to $35 or whatever it is, I looked it briefly to see whether it might be a good buying opportunity. I ran a few quick numbers, and concluded within a matter of moments that it was a $10 stock. After making a lowball offer of $2/share, JP Morgan ultimately did a stock swap that was worth a bit over $9/share. Now, if I could figure out in five minutes on the back of a napkin that Bear was worth about $10, Cramer had no business being so sanguine when the stock was at around $60. If the issue was over liquidity with a trading account, the answer he could have given was, "Well, Bear may be in deep guano, so moving your money wouldn't necessarily be a bad idea," which would have been more accurate. I’m no Cramer apologist but when asked about BS, (in the Youtube clip posted by Pch101) the caller was asking about its liquidity. The caller wanted to know whether to pull money FROM HIS ACCOUNT AT BS. The caller did not necessarily own BS shares. Cramer was right. It was bought out and all those who had accounts there had no reason to worry about their money.

If that quote was taken out of context, I apologize. (Admittedly, I didn’t see the original broadcast. All that shouting…)

That being said, Cramer says very clearly on that clip that “BEAR STEARNS IS NOT IN TROUBLE!!!!!!” Clearly, it was. Obviously he missed that.

For what it’s worth, on the day of the big decline to $35 or whatever it is, I looked it briefly to see whether it might be a good buying opportunity. I ran a few quick numbers, and concluded within a matter of moments that it was a $10 stock.

After making a lowball offer of $2/share, JP Morgan ultimately did a stock swap that was worth a bit over $9/share.

Now, if I could figure out in five minutes on the back of a napkin that Bear was worth about $10, Cramer had no business being so sanguine when the stock was at around $60. If the issue was over liquidity with a trading account, the answer he could have given was, “Well, Bear may be in deep guano, so moving your money wouldn’t necessarily be a bad idea,” which would have been more accurate.

]]> By: Michael Karesh http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-543852 Michael Karesh Wed, 25 Jun 2008 19:10:37 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-543852 As Jeff says, the Cramer clip was taken out of context. But, let's face it, if anyone really knows where the market is going, wouldn't they be making money through investing rather than telling others how to invest? As Jeff says, the Cramer clip was taken out of context.

But, let’s face it, if anyone really knows where the market is going, wouldn’t they be making money through investing rather than telling others how to invest?

]]> By: GS650G http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-543801 GS650G Wed, 25 Jun 2008 19:00:15 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-543801 Jim's a great entertainer but too many of his predictions turn the other way. He also caters to the day traders types a lot more. Jim’s a great entertainer but too many of his predictions turn the other way. He also caters to the day traders types a lot more.

]]> By: Jeff Niman http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-543631 Jeff Niman Wed, 25 Jun 2008 18:16:45 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-543631 I'm no Cramer apologist but when asked about BS, (in the Youtube clip posted by Pch101) the caller was asking about its liquidity. The caller wanted to know whether to pull money FROM HIS ACCOUNT AT BS. The caller did not necessarily own BS shares. Cramer was right. It was bought out and all those who had accounts there had no reason to worry about their money. They lost nothing. As for GM- SELL SELL SELL! I’m no Cramer apologist but when asked about BS, (in the Youtube clip posted by Pch101) the caller was asking about its liquidity. The caller wanted to know whether to pull money FROM HIS ACCOUNT AT BS. The caller did not necessarily own BS shares. Cramer was right. It was bought out and all those who had accounts there had no reason to worry about their money. They lost nothing.
As for GM- SELL SELL SELL!

]]> By: JT http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-543621 JT Wed, 25 Jun 2008 18:15:45 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-543621 **phweet!** "Fifteen yards for piling on and loss of down." Cramer's so far behind the curve on this on he'll need GPS to find the apex. If he just noticed GM's condition, he's guilty of at least inattention, if not premeditated stupidity. **phweet!**

“Fifteen yards for piling on and loss of down.”

Cramer’s so far behind the curve on this on he’ll need GPS to find the apex.

If he just noticed GM’s condition, he’s guilty of at least inattention, if not premeditated stupidity.

]]> By: hwyhobo http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-543421 hwyhobo Wed, 25 Jun 2008 17:42:43 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-543421 Stock picking guru? A loudmouth entertainer, maybe, if you're into that sort of thing. And even if he is right *this time*, remember, if you contradict yourself often enough, you will be right at least once. Stock picking guru? A loudmouth entertainer, maybe, if you’re into that sort of thing.

And even if he is right *this time*, remember, if you contradict yourself often enough, you will be right at least once.

]]> By: Albnyc http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-543321 Albnyc Wed, 25 Jun 2008 17:14:40 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-543321 To call Cramer an investor is an insult to the term. He is a trader, pure and simple: short-term, speculative, frenetic. About GM; he is probably right, but so is a broken clock 2x daily. To call Cramer an investor is an insult to the term. He is a trader, pure and simple: short-term, speculative, frenetic.

About GM; he is probably right, but so is a broken clock 2x daily.

]]> By: jschaef481 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-543211 jschaef481 Wed, 25 Jun 2008 16:54:05 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-543211 What would Neuman do? What would Neuman do?

]]> By: mikey610 (of GM) http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-543132 mikey610 (of GM) Wed, 25 Jun 2008 16:39:07 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-543132 Screw Cramer...what does Lenny Dykstra think? :) Screw Cramer…what does Lenny Dykstra think? :)

]]> By: 1996MEdition http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-543071 1996MEdition Wed, 25 Jun 2008 16:23:59 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-543071 Cramer lives in the Bizarro world. Down is up, left is right, GM stock is going to $40..... I wish that I could talk real loud while pulling numbers out of my ass. What a great job. Cramer lives in the Bizarro world. Down is up, left is right, GM stock is going to $40…..

I wish that I could talk real loud while pulling numbers out of my ass. What a great job.

]]> By: Steven Lang http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-543032 Steven Lang Wed, 25 Jun 2008 16:06:00 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-543032 I would consider him the WWE of investing... except the WWE is more informative and entertaining. I would consider him the WWE of investing… except the WWE is more informative and entertaining.

]]> By: NN http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-542892 NN Wed, 25 Jun 2008 15:41:36 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-542892 sorry, this guy is a crook...so many people follow him that his predictions often come true before the majority of his viewers get a chance to buy in, leaving them holding the bag. sorry, this guy is a crook…so many people follow him that his predictions often come true before the majority of his viewers get a chance to buy in, leaving them holding the bag.

]]> By: Pch101 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-542871 Pch101 Wed, 25 Jun 2008 15:39:19 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-542871 <em>Well I’m definitely a Cramer fan after he made me money on Bear Stearns.</em> I see that you beat me to it with the Bear Stearns humor. This video makes me question why anybody listens to this guy: http://www.youtube.com/watch?v=gUkbdjetlY8 (That being said, I'm pretty gloomy about GM stock myself.) Well I’m definitely a Cramer fan after he made me money on Bear Stearns.

I see that you beat me to it with the Bear Stearns humor. This video makes me question why anybody listens to this guy: http://www.youtube.com/watch?v=gUkbdjetlY8

(That being said, I’m pretty gloomy about GM stock myself.)

]]> By: jaje http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/comment-page-1/#comment-542791 jaje Wed, 25 Jun 2008 15:31:25 +0000 http://www.thetruthaboutcars.com/jim-cramer-gm-joins-the-list-of-unthinkables/#comment-542791 Well I'm definitely a Cramer fan after he made me money on Bear Stearns. Does this mean that GM will recover since he predicted CH11 (he's not so hot on his predictions). Well I’m definitely a Cramer fan after he made me money on Bear Stearns. Does this mean that GM will recover since he predicted CH11 (he’s not so hot on his predictions).

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