It wasn't too long ago that he said to buy Yahoo at $29. I don't know how this guy has a show....really. His picks are terrible and he flip flops like a politician.
He loved BRCD at $10.40, hates them at $6.
Does he stick by anything that he says...other than hawking his books?
That's what i'm saying . You have heard of race track touts. You go to a window and you get a horse. The next guy goes to the same window he gets a different horse from the clerk. The next guy , same senario. Well one guy will win with his 10 different horses he touts so he goes back and gives the tout $20.00 for the pick in the next race. Same goes for Cramer. Someone makes money on his fluctuating picks and goes out and buys his book.
I repeat do not go by this mad man!
He'd fuck up a sunny day in the Bahamas!
corvettegirl, this is great news imo. In a trending market Cramer can talk his trend following type stocks and have a chance of being right. In a market in transition that has not decided whether it is at a bear or bullish turn, Cramer is as he was in your video -- frustrated, tired of being wrong and throwing in the towel. I noticed Cramer's Mad Money show today was a rerun show. Since he is in town, that usually means he is doing some trading in his trust that he is allowed to do under his Mad Money contract -- as he claims. I suppose he is playing it safe with the Fed meeting tomorrow.
Thanks for posting that video.
Fascinating video...:-) He is so frustrated...:-)
If his capitulation isn't a clear sign that the worst is over, I don't know what is...:-)
I don't think there is anything strange about seeing market strength primarily in financials during a period when the FED is cutting massively. That is to be expected. But, the effect does eventually filter through to the entire economy, and techs are currently undervalued and likely to benefit from strong global growth.
It will be interesting to see how fast Cramer reverses himself here...."Cramer of the Church of What is Working Now"....:-)