Cramer stated when the Dow was at 12,600 Buy, Buy, Buy!!! The market was at rock bottom. The market shaved 1,200 points from there to 11,400 and he screamed Buy, Buy, Buy, the market is rock bottom. He stood by PBR, until it go to big and backed off, but then not long ago, suggested to buy it again, yet not very forcefully if I might add.
Now after all this time, he says the market isn't at rock bottom and he believes will continue to flounder as long as Fannie Mae and Freddie Mac are not cleaned up by the goverment. Well, if that isn't done, I'm assuming he means, we will never come out of this.
On the plus side, I think this man is quite a marketer anyhow.
Cramer is still employed because unfortunately it takes time for new investors to figure out his attitude and behavior and accuracy on his picks. When people learn and quit watching his BS program then there is always new people rotationg through. After a while people will learn but it will take some time, that is why he is lucky.....
Yes Cramer is a Show Man and really takes himself serious! The problem is that he is more cold than hot when picking stocks because every time he doese people including me loose lots of money. I only listen to him when I first started out with stocks but learned quickly. I am surprised he is still employed!