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Blodget Defends Cramer, Monkeys Fly

Posted Mar 18, 2008 05:45pm EDT by Aaron Task in Investing, Newsmakers

Jim Cramer is under attack again. The reason? He made some positive comments about Bear Stearns last week on CNBC. Cramer says those comments were taken out of context.

The most surprising development of all: Frequent Cramer critic Henry Blodget is defending the man from "Mad Money."

Meanwhile, I'll note my former boss was right about the Fed during his infamous rant last summer.

 

75 Comments

you
truthisimaliar - Tuesday March 18, 2008 06:19PM EDT

Wrong again. Cramer is a fraud and won't admit his mistake. He is a pathetic person.

you
just a man - Tuesday March 18, 2008 06:19PM EDT

Hey Yahoo sell to Microsoft maybe they can get your video feeds working properly. As far as what Cramer said, don't ask him questions if you don't want his opinion. Was he selling and telling people not to? Propably not.

you
johndoe086 - Tuesday March 18, 2008 06:24PM EDT

Cramer and the 2 morons in the video should all sink in the same ship surrounded by sharks. It's not safe for these 3 morons to walk the street.

you
jerryorser - Tuesday March 18, 2008 06:25PM EDT

sometimes your right and sometimes your not . baseball 3 for ten you are good five for ten you are a superstar .

you
raystock48072 - Tuesday March 18, 2008 06:25PM EDT

Jim Cramer get paid by the hedge funds when he put out stock to sell. or buy. . He said to buy BIDU at 400.00 and last night he said to sell at 240.00.. The hedge funds want to buy cheap and I believe the Jim Cramer is helping them get the price down. Next week he will say to buy that stock.

you
metz57210 - Tuesday March 18, 2008 06:34PM EDT

Kramer is not an economist or investor anymore, since he started his show, he became an entertainer. The only thing he is selling is advertisement space so the network who hired him can make more money. Don't expect great advise as he does not know any specific about the caller and just spit out stuff that will move his ratings up. Sometime, his foot is even too big for his mouth. Bear Sterns is one example.

luapnn99
luapnn99 - Tuesday March 18, 2008 06:53PM EDT

I agree with henry, if you watched cramer on friday he said do not own the common stock. no one reporting that though!

you
Yahoo! Finance User - Tuesday March 18, 2008 07:07PM EDT

cramer is a cheerleader - he's not an analyst. there is no way one person can have an opinion on nearly every publically traded company. if the fed moved faster to drop rates and the economy went into a period of stagflation, he would have been the first one to criticize. finally, he runs a segment called "are you diversified" where people give him three or four stocks and he says actually says "yes" quite often. the kicker is that people think they can diversify with a handful of stocks. c'mon - let's get spitzer back in there to take down this guy. ba-ba-ba-boo yeah jimbo!

riggins
riggins - Tuesday March 18, 2008 07:09PM EDT

oh Jimmy Boy did recommend BSC. As recently as 1/24/08. Called it a 90 dollar discount. Go look it up on the madmoney recap.

tman
tman - Tuesday March 18, 2008 07:39PM EDT

Cramer has filp floped on sigma 3x in 2 months. He very unreliable.

you
screwedonaclaim - Tuesday March 18, 2008 07:44PM EDT

I cancelled my cable and satellite. But XM radio still gives me a feed into CNBC IF i'm in the mood for bullshit, otherwise who needs these bopping heads ? this baldheaded monkey is a fine example of a jersey city bartender selling stocks....

you
Steve S - Tuesday March 18, 2008 07:45PM EDT

Take someone's advice without doing any research yourself? A fool and their money will soon part ways.....Cramer can't always be right, no one can, everyone makes bad calls. If they didn't then everyone would trade securities for a living! Cramer is entertaining, but I wouldn't recommend buying every stock he mentions.

you
bzzpd - Tuesday March 18, 2008 07:48PM EDT

Cramer is telling everyone to get out of banks completely now. They will be worthless when the liquidity starts drying up again. Odds are.....Cramer is absolutely right. 516 Trillion dollars of hedge fund dirivatives bets....when the world only produces 60 Trillion dollars of goods? No one sees a mathematical problem here. Is everyone this stupid? If you beleive Clinton really had a surplus, and was paying the debt down......you are a mathematical ignoramous. If you really believed the banks could run 500 Trillion dollars of Dirivatives and not collapse the financial system.....you definitely are a mathematical ignoramus. The banks are screwed, and so are we. To much money in the upside down pyramid my friends.The chickens are coming home to roost. Or lets say, the bill collectors are knocking on the bank's vaults doors.

Ice
Ice - Tuesday March 18, 2008 07:57PM EDT

This is the best video yet. Love the Cramer impression, but lacking in the annoyance factor. I don't find Cramer entertaining at all.

you
sndkchimp - Tuesday March 18, 2008 08:05PM EDT

wonderful. idiot number 1 yakking with idiot number 2 about cramer, the biggest idiot out there. well, sonny (the guy with the black hair), cramer's been INCREDIBLY ASTONISHINGLY wrong about his picks. during the bull market, a 4 year old could do well as everything was climbing up. second point: you're wrong about the fed. you and the whiners want instant gratification. it wasn't the fed which put the economy on the skids. it was the aftermath of a bubble brought on by mad speculation. for the guy sitting next to you - who, i might add, was banished by spitzer forever - you're just wrong. again. cramer is hurting a lot of people who put their trust in him. he shifts every day, depending upon the prevailing winds. his booyah batallion is deluding itself. "cramer is brilliant" ? sorry, but he's low brow...

you
trademarkbattle - Tuesday March 18, 2008 08:07PM EDT

When he was a broker, we always considered him kind of "green" or "wet behind the ears". He was just another phone jockey until the show. I'll give him credit for making it a big show, and for realizing he didn't have what it took to make it on Wall Street, and getting out.

you
trademarkbattle - Tuesday March 18, 2008 08:07PM EDT

When he was a broker, we always considered him kind of "green" or "wet behind the ears". He was just another phone jockey until the show. I'll give him credit for making it a big show, and for realizing he didn't have what it took to make it on Wall Street, and getting out.

you
Jason - Tuesday March 18, 2008 08:21PM EDT

Cramer is giving his opinion on a TV show. He is not a fortune-teller. He has no crystal ball. Give the man a break! I can't believe how literal-minded and stupid most of you people posting are. I guess posting stuff is the only way morons like yourselves get any social interaction, but do the rest of us a favor and stop wasting space. If you enjoy his show, then cool. If not, I don't care. No one cares so STFU.

Gao F
Gao F - Tuesday March 18, 2008 08:27PM EDT

You, too, Just TV actors. I never watch him.

you
lucky111e - Tuesday March 18, 2008 08:46PM EDT

nothing is free in this world so as the adivse from cramer, you have to pay for it by losing your money to him.

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