Why do people think Cramer is KING?? He is Wrong as much as he is RIGHT? He is literally 50/50 on his picks.. My favorite one of his was when he told me ( everyone), to take whatever money you have and but Sears when it was at 120. He said it was the next Berkshire. 6 months later Sears was down to 70 bucks. HE IS A GENIOUS!!!!!!!!!
If you follow what Cramer says just because he said it, you're a lemming.
I tend to agree with this ProofTrader article which made the call last week, at 67.52, to buy, with a target of $94. So far he's been right.
(ProofTrader is a stock picking site and community blog where contributors are rated with a 1-100 score representing their performance over time. This is in contrast to Wall St, where it seems analysts are never held accountable.)
At the height of the tech boom, in March 2000, Cramer said to go long Lucent, JDSU, etc....and SHORT Berkshire Hathaway. In his annual letter Buffett offered to buy back shares.
We all know how that ended:
Cramer is an idiot. The fact that he is still on CNBS and has large viewer base is PROOF that markets are not rational.
Lightening Round: Time To Sell Berkshire Hathaway
Jim Cramer says that it is best to sell Berkshire Hathaway (NYSE: BRK.B), after the stock spiked on being added to the S&P. Cramer asks investors to wait for a dip
Berkshire Shares Could Rise Another 20%
On Monday, Standard & Poor's announced it would add Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) to the S&P 500. As of yesterday's close, shares have already risen 9% since the announcement, but I'm convinced they could rise still further
Stock Smackdown: Cramer vs. CAPS
Cramming for Cramer
The Fool's free investing community, Motley Fool CAPS, aggregates the opinions of more than 145,000 members to assign ratings for each stock's likelihood of outperforming or underperforming the market.
Below, we look at some top stocks that Cramer picked and panned during last week's "lightning rounds," and compare them to how the CAPS community sees their future.
Lightning Round Show Date
CAPS Rating(out of 5)
Berkshire Hathaway (NYSE: BRK-B)
Altria (NYSE: MO)
Johnson & Johnson
Ford (NYSE: F)
Qualcomm (Nasdaq: QCOM)
American Public Education (Nasdaq: APEI)
I think you guys still don't get it. When Cramer says "Buy, buy, buy!" it is with a "wink and a nod" to his paying customers that it is time to prepare to "Sell, sell, sell" to the morons that trade after hours. He may be crazy, but it is crazy like a fox. There are two classes of people. Those that are smart, and paly the system to their favor, and those that are not, and follow others right off the cliff. You may as well be the former, right? Just go to the GLD message board, you'll see ample examples of the latter.
WOW!!!!! Good call Cramer!!!!!
BRK-B 73.75 2.39 *** UP *** 3.35%
AONE 16.605 0.385 *** DOWN *** 2.27%
PAR 10.45 0.13 *** UP *** 1.26%
SVU 15.05 0.11 *** UP *** 0.74%
AMAT 12.61 0.43 *** DOWN *** 3.30%
FLEX 6.6001 0.4999 *** DOWN *** 7.04%
SRE 50.8 0.28 *** DOWN *** 0.55%
NICE 29.3 0.5 *** DOWN *** 1.68%
GLD 106.48 0.05 *** DOWN *** 0.05%
BERKSHIRE HATH HLD B(NYSE: BRK-B)
After Hours: 73.80 0.05 (0.07%) 7:54pm ET
Last Trade: 73.75
Trade Time: 4:03pm ET
Change: 2.39 (3.35%)
Prev Close: 71.36
On Thursday, Berkshire Hathaway shares are again trading up, even though most of the sectors of the U.S. economy it represents are down.
The fact that Berkshire Hathaway will not increase its share pool could contribute to the feeding frenzy. More than 14 million Berkshire Hathaway shares had been traded by the close on Thursday, and the Warren Buffett investment company stock was up around 3.6%, while all the major market indexes were down on Thursday.