Unbelievable
I’m not a big fan of Jim Cramer. I find his “investments” to be odd and undisciplined given that he, like many other prognosticators, often proposes long term theses for short term trades and doesn’t seem to truly understand many of the indicators he attempts to use to justify his rationale. But, I never thought he could get away with unabashed lying on CNBC.
Now, admittedly, the investment returns on this blog haven’t been stellar this year. In this market, very few people are making money. And, ultimately, his television show and this blog have similar disclosures. You follow the content at your own risk. But, Cramer ought to be responsible for more than just the literal translations of his disclosures shouldn’t he? He masquerades as a stock market genius and makes his pronouncements on new trading positions as if they were fact. It’s time he took some responsibility for his picks and allowed the public to track his returns.
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Haha.. That was great. Now I know why I stopped watching that shows years ago. He tries to cover way too much than he should in one show.