Wednesday, February 10, 2010

Jim Cramer deserves a Smackum!


Jim Cramer is the star of "Mad Money" which is a good title for him.  Either he is mad, the people that listen to him are mad, or the people that invested their savings are steaming.  His mission statement reads;

"This show is not about picking stocks. It's not about giving you tips that will make you money overnight – tips are for waiters. Our mission is educational, to teach you how to analyze stocks and the market through the prism of events."

After giving Bear Stearns the thumbs up right before it went down follows a pattern of predictions that has cost his followers many thousands of dollars over the years. Then, he has the audacity to criticize the White House about the economic downturn questioning their methods.

TheStreet.com's hedge fund market manipulation discussion was disturbing at best. Then, John Stuart completely outed him on The Daily Show where he admitted to being a geek and ill informed. Mr. Stuart suggested that he remove the "expert" from his job title. Cramer went right back to it next day.

Watching people like Jim Cramer and Cry Baby Beck really makes me question FOX's decision making. You can't criticize unless you listen. I listened, these guys are clowns. The only thing missing from their shows are dancing poodles and spinning plates.

Today's Smackum! award goes to John Stewart for whacking Jim Cramer in March 2009.

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