He's the reason CNBC is so pathetically disrespected by the other media...him and "it's a Goldilocks economy" Kudlow as the dow went from 14,000 to 6,500
What people need to realize is to learn from Crammer he doesn't pick stocks and tell you what to buy. Its about listening to what he says and doing your own research. If you want someone to tell you what to buy go hand your money to a hedge fund or mutual fund and take your chances. From listening and doing the research I got back to triple even Go back to your 2 dollar an hour job your 20 year old junker and your rented home Leave the money making to people who listen learn and succeed
I love how much crap give Cramer, no doubt he is a terrible analyst, but how many of you even knew what a CDO was before 2008? Or even a subprime mortgage?
Yea... Thats the real problem, no one had any idea the sham YOUR GOVERNMENT allowed to occur, and many still JUST DONT GET IT. Jim Cramer doesnt even get it, if he did, he would have never made this video... He would have been selling it short like the few genious that understood it did...
Yeah Cramer what happened to the economy when the subprime market blew up. What a complete IDIOT - he'll say anything to make markets look rosy. The rosier he is the more likely the market is to crash the next day.
Jim Cramer is a fool. I used to be a Cramerican and watched his show and took his advice. I can honestly say that every single stock that I bought from his advice lost me money. Cramer has a perfect track record. I can't believe this baboon is still on the air
@roger767 haha that is the stupidest thing I have see anyone write. He's rich, he won. He doesn't need to take risks anymore he already won. What do you have?
Classic. The clips of him recommending buying Bear Stearns at 90 and this are exactly why no one should ever listen to Cramer or anyone else for that matter. They are all as clueless as you and me! I'd rather listen to my buddy in Hollywood create fictional stories predicting macro-economic changes. He'd be more accurate than these self-proclaimed experts.
@dmills007 Your an idiot. people who work all day and done get anywhere are angry at people on wall street because their rich, but if you where smarter you could have done it too.
Actually there is some substance here, at the very end. The rest is total gibberish. However, he does disclose his nephew is a moron and only works for his website because of nepotism.
What exactly did he say here that has any substance to it? And if there is any substance, what's his point? 100% default. WTF is he talking about? He just babbles.
Wow, how do these guys get rich when they're advice is so horrible? They must do something different than the advice they give. Cramer is probably a sociopath like the majority of politicians. You know, the guys that press family values yet see hookers behind their wives backs, take bribes, war monger, etc.
BANK OF AMERICA IS THE MOST CORRUPT BANK IN THE COUNTRY!. Bank of America harassed me, ruined my credit, charged me over $800 in fees over a 10 day period, tried to humiliate me, and never stopped calling my house- all because of $50 overdraft!!
In one day I was charged over $250 in overdraft fees because of a company that took advantage of my bank account- BofA charges more fees than any bank in the World!
cramer you fukin idiot. Screw yourself. You know nothing. Statistics show your stock picks are no better than a chimpanzee randomly picking a bunch of stocks (that's a fact, not a joke). You're a complete idiot that has caused countless people to lose money because of your superficial knowledge of economics. Jump off a cliff you showoff.
You wouldnt notice??? ARE YOU F**KING CRAZY??? What absolute NONSENSE, and for the record the Yen carry trade is OVERRR...And if the hedge fund managers are so smart why did they invest in failing CDI' and CDO's? And now have been bailed out by Washington using taxpayer IOU's. The man's a fool.
The government is the one who puts FEAR in your mind to set these laws!!! They feed you all these lie's so they could keep the power and yet you vote for it all? you are putting yourselves in the CONCENTRATION CAMPS they have waiting for those who have a mind and are free thinkers and want to be free. They have all the power and we are doomed from the beginning. So stand up NOW!!! and speck your VOICE, your not a robot... The evidence is there, so why are you so blind?
i sort of feel sorry for him. at this point he sounds sort of whiny. these so called experts are fronts for the lies of the corporations. always have been. you want an economic boom? bring back the manufacturing sector to this country, not just money on paper. actual produced goods. im thinking american made solar panels and electric cars. we used to make everything here. union jobs in american factories making cars, electronics. fridges, clothing..you name it.
For the past 25 years I have focused on Real Estate and in my expert opinion the Real Bottom will be in 2012 or 2013. In 2009, 10 and 11 1.5 trillion loans will adjust to higher payments. The sup-prime were almost 1 trillion. Experts are saying that in 2009 we are only half of the way to the bottom. 6-18-2009
people will file for bankruptcy by then and wipe out that debt. No one would carry those higher payments because they can't support them, they would be forced into bankruptcy creating a bottom sooner than that....
in my mayan opinion, planet Earth will be sub-prime and probably sub-merged by 2013, but I'll keep making my mortgage on time, just in case Ive watched one too many you tube videos.
All these investor compadres were trying their best to fool everyone into keeping their money in the stock market. They were trying desperately to keep their whole house of cards from falling.
Unfortunatelly, in one thing he is right. It was not JUST Bank of America who bought this. All this shithole devised by "brilliant minds" in Wall Street has now brought the whole world to a recession likely to become a depression. You know, the next time I hear someone say that Wall Street has some of the brightest minds in the world, I am going to puke.
You'd have to be drunk or on drugs to turn on this quacks show and FOLLOW his advise. I don't know between throwing rubber ducks at the camera and hitting a sound board to cue Orangutan screams I felt the guy just might have been a fucking snake oil salesman LOL*
This conman is still on TV? HAHAHA. CNBC is a joke. Every stinking one of their "reporters" are spitting out CEO jizz. I did love Cramer's irony: "What do people think, this stuff is all being taken up by Bank of America?" HAHAHA. BAC is trading at 4 bucks today.
first, i def promise you that cramer is much more educated and informed than any of you naysayers. second, angelo is the only guy who has been trying to fix the subprime problem but the us govt threatened to take the subsidies away from him if he didnt make subprime mortgages available. he accepted the subsidies and continued to speak up against chuck schumer and his stupid cronies. he sacrficed his company to show that the direction the govt was going was going to kill the mortgage market neway
I don't care how many degrees you have from Harvard, this video is a testament to education not making a difference in intelligence. It's being able to correctly interpret data.
SUBPRIME doesn't matter LMAO!!!!!!!!! Cramer needs to go back to manipulating the market as a hedge fund manager because obviously he can't predict what's going to happen at all.
I think this guy is funny...Actually I use his advice inversly and have profitied from his "advice" almost every time!!! In May 2008...he did an entire show titled THE BEAR IS OVER.....he jumped up and down burned bears , cut them in two...SO I SHORTED EVEN MORE....THANKS CRAMER!!!!!!!!!
"In a February 9, 2009 cover story, Barron's found that "his picks haven't beaten the market. Over the past two years, viewers holding Cramer's stocks would be up 12% while the Dow rose 22% and the S&P 500 16%.
Barrons further reported that betting against Cramer's Buy recommendations could yield 25% in a month based on options-market activity. "
What a fucking quack. Cramer is the biggest crackpot on TV. It has been proven that his "methods" are worse than simply flipping a coin when it comes to the decision to buy or sell. Hahaha
Same priniple as Enron. Talk loud, talk fast and most people will believe you. I listened to his analysis of Gilead the other day. I have been in the pharma industry for nearly 20 years and I couldn't believe what he was saying. Total total inaccuracy.
Cramer is such a fraud! How much more wrong could he have been on this one? Not much! Yet listen to him rant on CNBC these days and he'd have you believe that he has been against this crap from the beginning. Thank God for YouTube! So we can see exactly what fools like Cramer said back in the day!
This is the same idiot who coined the phrase JDSU stands for "Just Don't Sell Us"... But that was back in late 1999 while it skyrocketed to over $1000 a share... It's at $3 now. He hyped the tech bubble, fell off the face of the earth and then winds up with his own show after people forget... He's a moron. But, I give him credit for being entertaining.
This ass being interviewed by this clueless woman who accepts everything he says reminds me of an ugly guy in a bar making up bullshit in order to get laid.
The crisis is very complicated because the Gov allowed Freddie and Fanny to bundle subprime loans that the GOV FORCED banks to make (See CRA 1977). CRAP LOANS that YOU and I are going to pay for.
Here is the step by step video (search YouTube) of what happened in the mortgage/credit markets, why all these banks are failing and how we got to where we are . . . H5tZc8oH--o
And be ready to hit pause; the info moves along at a good clip.
Lenders were falling all over themselves to give out bad credit in the last few years. See 'This American Life' #355 "The Giant Pool of Money" for a very good explanation that was not excreted by a dishonest conservative thinktank.
The lenders, brokers, insurers, and bond raters are at fault for creating a situation in the last 10 years that the government failed to regulate because it was full of deregulationist morons.
You hit the nail on the head! Cramer looks like a complete idiot, "Nothing to worry about." Reporters looking for a non-story? Only Bears Stern will be affected? The risk is spread among so many foreign investors? Guess again shit for brains! Listen to your nephew and seek other work.
How can a Harvard Law Graduate be such a moronic spinster? I guess the better question is, why does anyone listen to him? Sounds like he's trying to "act" stupid so he can't be held accountable for his part in the destruction of America.
He was telling his audience to buy BSC in the days leading up to it going bye-bye. I'm surprised anyone listens to him, including cabbies when he climbs into their back seat.
Well Bernanke has to control inflation. The more debt (bonds) created, the more money. Unfortunately, when u stop the gravy train on Wall Street, a recessionw will occur.
This seems to be a characteristic of some intelligent people - their minds work so fast that they end up being somewhat incoherent with all the information they're trying to express.
This was 8 mo ago & just viewed it again. Suppose, for a moment, he was just 'told' not to be 'negative' on the air and to 'lay-off the financial disaster talk'. Maybe even that person was just off camera. Then watch again.
Obvious falsehoods/surprises were stated.
And instructions 'given': "look at the..." "Rigor & prudence..." "If I were a journalist..."
So you decide. Was he 'told' and didn't like it? Was he being sarcastic? Straight up talk?
I agree with your theory - the reference to "a bad time" yesterday and a dinner order as "wanting prime ribs" and "getting subprime cut". If this was around his Aug 6, 2007 meltdown than he probably was. Can't explain why he'd paint such a rosy false picture other than being a Company Yes Man and for CYA purposes.
This was about June-July/07, just before the crisis started to get publically serious. I watched it again & still believe he was 'saying what he was told' in the most sarcastic and wildly overstated manner possible yet let loose with specific directions on where to look for 'the truth'. Changing the model forclosure rate dramatically affects valuations.
He was saying "look at the data and come to your own conclusion" and "look here..."
Does this guy ever stay consistent? He once like accredited, then he blows up and says it's armagedden, now it's no big deal. What a bag of hot air. If it really is no big deal maybe he can call his friends in DC and tell them not to put the taxpayers on the hook for this nonsense.
One week before the bear move of Bear Jim tells everyone that the banks are going to fail and the economy is down the tubes- very casually. The next day he had to say that Bear Sterns was solvent & a safe place to keep money. He didn't have to pick that question but he was forced to because he told the truth the day before. He knew what was going to happen. In order to say that banks were failing he had to say that BS was solvent. He cannot tell too much truth but he tells more than Kudlow.
What an absolute effing moron. Google "Winners of the New World", his speech from March 2000. Hard to believe so many new lemmings are going over the cliff on his command 8 years later. To paraphrase: "There's nothing new under the sun --- just the market history you're too lazy to learn about."
Easy to criticize in hindsight, but just goes to show that none of these supposed experts has a clue as to what is really going on...This wasnt even a failed stock pick call ..This was a complete misunderstanding of the impact of the collapse of the real estate market and the greed that followed it...Jim you make for good drama but your calls should be filed under BOOYAH FICTION
in the China shop. To do so would mean dropping all that heavy water Kudlow carries for the administration that will never give him the phone call he waits for so desperately. Now have to assume the old
LOL that's not heavy water he's carrying, it's "pork"
The coming of the end of the monetary system is upon us, and the countries that masquerade as countries will lose their power and influence over the individual.
Surprise, surprise. Six months later, the system is almost insolvent. The mighty Citigroup had to go to the Arabs and pay 11% just to stay in business.
Moral: just bet against Cramer and you will be printing money. Cramer recommended NYX; AMZN; AAPL; they all suffered 25% beatings within six months. It's so easy it is almost embarrassing.
If anyone is laughing, listen to Larouche in the 1970's he forecasted the collapse of the economy if those current trends continued and massive deregulation, which meant more looting of the system for the financial elite. Will the insanity get worse till a new dark age becomes our destination? The HBPA needs to be implimented in order to save civilization. I know I sound crazy but that is the nature of the times, do some research!
What about the system? If the system is corrupt wont another plan come up to trap the unsuspecting lower 80% It's not about survival of the fittest it's about the general welfare. Remember where that is from? Our constitution maybe...
I am sure there will be a market for subprime paper AAA's long into the future ,watt is its calorific value and it can be burnt with dollars without producing extra green house gasses next time the grid colapses
I watch video TE7hH9Aqnhw and it was amazing. Lost some respect for Kramer. I really liked this guy, but you cant say Subprime is nothing on eminute and it is the end of the world the next just to suit your needs - ratings. Minus Boyah X 3.
Video confirms how Cramer is nothing more than a wall street pumper. He only looks right after the fact and he praised himself for it. Nice smoke and mirror.
What a fucking moron this guy is. On the video TE7hH9Aqnhw, he calls time on concerns about subprime saying their time to have an impact has gone. Then he goes to saying ok, it's looking dirty but so what? On "Cramer Explodes" reality finally bites and bites bad. The guy loses it big time. Sack this useless bag of shite.
I as an AMERICAN who isnt struggling will not consume, Not buy stock not have a savings in a bank, and not support the market at all. The middle class can no longer afford to consume. Who are you people going to sell ur product to if we cant consume? I believe evevyone in the market will fall because U had no concern for the well being of the middle class and poor. God hates robbery. The needy have no relief. I guarantee you the market will fall unless U people help the consumer. PERIOD!
Let me tell you what I know. Countrywide & the others (Ameriquest) carelessly loaned money to people/victims who didnt qualify with subprime rates. but BEFORE that SOMEBODY made it impossible for people who get in a financial bind to escape it by passing that HEINOUS BANKRUPTCY LAW. There is absolutely NO relief for the middle class or young people who get in debt. I dont know if I would work if I had 25% of my check garnished every week
if 25% of wages are garnished, you might have to do crime to survive. i have seen foreclosed houses, and they have a lot of hate. 2 year old houses with broken windows, really nasty houses, looks like they hit the mailboxes with a baseball bat.
So after someone who barely makes enough money to pay a house pmt with a subprime rate loan
gets garnished for like a medical bill or old cell phone ect.. then comes foreclosure, then the debt is sent to attys office. They obtain a Jmt on the borrower. Then they lose their house & countrywide attys put a jmnt lien on the borrower/victim & IF they continue to work they get garnished for the home they lost in foreclosure.
So people are more likely to work under the table, NOT consume at all, NOT buy stock , NOT have savings in the bank, nor a 401K ..so the answer is until the DEVIL that passed the BANKRUPTCY LAW FIXES THINGS the STOCK MARKET will NEVER recover. NO RELIEF FOR THE PEOPLE NO RELIEF FOR THE MARKET. I cant believe those dumb ees CANT FIGURE THAT OUT!!! That's ignorant for congress to think the middle class don't count!
Accredited Home Lending takeover canceled by LoneStar bc of "failure to satisfy condition". Obviously LEND lied about the viability of their loans and Cramer is a CNBC pumper.
"Posting date is highly relevant here - two days BEFORE the top in the Dow." yep - SCAMMER - now SELL SELL SELL - so he and his billionaire friends can cover ... and videos of the TOTAL OPPOSITE search for "Wall Street Crying" a few weeks later before it went way way way down - total opposite opinion - CRAMER IS A TOTAL JACKASS... anyone that listens to him needs head examined...
This same thing happened last year on a smaller scale. Hold onto that master card. And buy a lil CFC while it's cheap. It happens in cycles.. Ohh yeah Cramers not always right. But when he is, he is. It's not the end of the world.
Yes, but the Financial Services stocks haven't bottomed out yet...in other words "don't buy, don't buy, don't buy." They prob won't bottom out until towards the end of the year when the fed cuts rates or right before...keep your eye on them but not now.
LOL
Kramer get a new job
canyonrafters 2 months ago
Sit at home and make more money in 15 minutes than most make in a week. Come visit my website, just google Gold Trading Academy to learn more.
123THERollyboy 3 months ago
Ah, they should open his segment with this every time he appears on TV. LOL.
splortz 5 months ago
this is a joke
slovakmath 6 months ago
He's the reason CNBC is so pathetically disrespected by the other media...him and "it's a Goldilocks economy" Kudlow as the dow went from 14,000 to 6,500
philandjoelle 7 months ago
Subprime is the cause of the next great depression.
BogusJesus 7 months ago
What people need to realize is to learn from Crammer he doesn't pick stocks and tell you what to buy. Its about listening to what he says and doing your own research. If you want someone to tell you what to buy go hand your money to a hedge fund or mutual fund and take your chances. From listening and doing the research I got back to triple even Go back to your 2 dollar an hour job your 20 year old junker and your rented home Leave the money making to people who listen learn and succeed
ThisGuyBC 8 months ago
I love how much crap give Cramer, no doubt he is a terrible analyst, but how many of you even knew what a CDO was before 2008? Or even a subprime mortgage?
Yea... Thats the real problem, no one had any idea the sham YOUR GOVERNMENT allowed to occur, and many still JUST DONT GET IT. Jim Cramer doesnt even get it, if he did, he would have never made this video... He would have been selling it short like the few genious that understood it did...
Dont post unless you know...
DanielMHussey 8 months ago
WALL STREET SHILL!!
sargetech 8 months ago
fucking moron of epic proportions
careydouble22 8 months ago
Man, does he sound like an idiot in retrospect.
timmyp34 10 months ago
this guy is too stupid to have beaten the market on his own brain power. he was either lucky or was cheating the entire time.
brax303 10 months ago
Yeah Cramer what happened to the economy when the subprime market blew up. What a complete IDIOT - he'll say anything to make markets look rosy. The rosier he is the more likely the market is to crash the next day.
michael38921 11 months ago
Jim Cramer is a fool. I used to be a Cramerican and watched his show and took his advice. I can honestly say that every single stock that I bought from his advice lost me money. Cramer has a perfect track record. I can't believe this baboon is still on the air
fasteddie847 1 year ago
cramer is a snakeoil sales, his talent is selling, he doesnt know SH*T about anything financial.
roger767 1 year ago
@roger767 haha that is the stupidest thing I have see anyone write. He's rich, he won. He doesn't need to take risks anymore he already won. What do you have?
gangstaI 1 year ago
Classic. The clips of him recommending buying Bear Stearns at 90 and this are exactly why no one should ever listen to Cramer or anyone else for that matter. They are all as clueless as you and me! I'd rather listen to my buddy in Hollywood create fictional stories predicting macro-economic changes. He'd be more accurate than these self-proclaimed experts.
dmills007 1 year ago
@dmills007 Your an idiot. people who work all day and done get anywhere are angry at people on wall street because their rich, but if you where smarter you could have done it too.
gangstaI 1 year ago
ahahaahahaha :D
kevinz1985 1 year ago
Actually there is some substance here, at the very end. The rest is total gibberish. However, he does disclose his nephew is a moron and only works for his website because of nepotism.
TheTopBloke 1 year ago
What exactly did he say here that has any substance to it? And if there is any substance, what's his point? 100% default. WTF is he talking about? He just babbles.
TheTopBloke 1 year ago
This guy is a fucking moron.
lilmijo619 1 year ago
@lilmijo619 ha what the fuck do you know.
gangstaI 1 year ago
subprime loans did not entirely create the recession...just to defend what he is saying here.
ev4n89 1 year ago
Hahahhahahahahahahahahaha NOT NOTICE!??!? Hahahha he is out of his fucking MIND.
sysopkc 1 year ago
Why does this guy still have a job?
jpbos330 1 year ago
@jpbos330 Because there are still plenty of stupid people out there, and incredibly, they have money. Or maybe they just think they do.
TheTopBloke 1 year ago
Wow, how do these guys get rich when they're advice is so horrible? They must do something different than the advice they give. Cramer is probably a sociopath like the majority of politicians. You know, the guys that press family values yet see hookers behind their wives backs, take bribes, war monger, etc.
jeremyraybrown 1 year ago
HAHAHA -- i hadn't seen this. what a moron.
jeffhowison 1 year ago
awkward...
wade0051 1 year ago
Anyone who gets investment advice from him deserves to lose money.
christo930 1 year ago
95% of the 'experts' are experts at nothing but bullshit. Cramer is the king of bullshit, he rolls around in i .
littlegrubber 1 year ago
GREAT VIDEO! Thanks for sharing!
Happy Trading!
StockMarketVideo 1 year ago
ha ha ha ha ha i cant believe they keep this video up... cramer what a douche
RightBrainSane 2 years ago
This has been flagged as spam show
BANK OF AMERICA IS THE MOST CORRUPT BANK IN THE COUNTRY!. Bank of America harassed me, ruined my credit, charged me over $800 in fees over a 10 day period, tried to humiliate me, and never stopped calling my house- all because of $50 overdraft!!
In one day I was charged over $250 in overdraft fees because of a company that took advantage of my bank account- BofA charges more fees than any bank in the World!
mattt1ooo 2 years ago
cramer you fukin idiot. Screw yourself. You know nothing. Statistics show your stock picks are no better than a chimpanzee randomly picking a bunch of stocks (that's a fact, not a joke). You're a complete idiot that has caused countless people to lose money because of your superficial knowledge of economics. Jump off a cliff you showoff.
malumalumalu 2 years ago
You wouldnt notice??? ARE YOU F**KING CRAZY??? What absolute NONSENSE, and for the record the Yen carry trade is OVERRR...And if the hedge fund managers are so smart why did they invest in failing CDI' and CDO's? And now have been bailed out by Washington using taxpayer IOU's. The man's a fool.
sysopkc 2 years ago
The government is the one who puts FEAR in your mind to set these laws!!! They feed you all these lie's so they could keep the power and yet you vote for it all? you are putting yourselves in the CONCENTRATION CAMPS they have waiting for those who have a mind and are free thinkers and want to be free. They have all the power and we are doomed from the beginning. So stand up NOW!!! and speck your VOICE, your not a robot... The evidence is there, so why are you so blind?
CHIvincent 2 years ago
i sort of feel sorry for him. at this point he sounds sort of whiny. these so called experts are fronts for the lies of the corporations. always have been. you want an economic boom? bring back the manufacturing sector to this country, not just money on paper. actual produced goods. im thinking american made solar panels and electric cars. we used to make everything here. union jobs in american factories making cars, electronics. fridges, clothing..you name it.
outsourcing is unamerican.
zrac09 2 years ago 3
I bet Kramer from Seinfeld would offer more sound financial advice than Cramer from CNBC!
Whatever Cramer says, do the opposite - or better yet, don't listen to him at all.
MMG008 2 years ago 2
Why is it that most of this guy's predictions have proven to be wrong, namely, sub-prime, Wachovia, Bear Stearns, etc
ukbang2007 2 years ago
For the past 25 years I have focused on Real Estate and in my expert opinion the Real Bottom will be in 2012 or 2013. In 2009, 10 and 11 1.5 trillion loans will adjust to higher payments. The sup-prime were almost 1 trillion. Experts are saying that in 2009 we are only half of the way to the bottom. 6-18-2009
MrAlanKendall 2 years ago
people will file for bankruptcy by then and wipe out that debt. No one would carry those higher payments because they can't support them, they would be forced into bankruptcy creating a bottom sooner than that....
lintifumi 2 years ago
in my mayan opinion, planet Earth will be sub-prime and probably sub-merged by 2013, but I'll keep making my mortgage on time, just in case Ive watched one too many you tube videos.
Ciaresayton 2 years ago
All these investor compadres were trying their best to fool everyone into keeping their money in the stock market. They were trying desperately to keep their whole house of cards from falling.
veeho14 2 years ago
How the hell did Cramer get on tv?
dragonfly654 2 years ago 2
Unfortunatelly, in one thing he is right. It was not JUST Bank of America who bought this. All this shithole devised by "brilliant minds" in Wall Street has now brought the whole world to a recession likely to become a depression. You know, the next time I hear someone say that Wall Street has some of the brightest minds in the world, I am going to puke.
fabiogfernandes 2 years ago
WRONG!!!
HellaRandomVideos 2 years ago 3
hahahaha!!!! funny
lalegende007 2 years ago 2
Cramer not only looks like a fool, he looks like hs is drunk or on drugs,
666sigma 2 years ago 8
You'd have to be drunk or on drugs to turn on this quacks show and FOLLOW his advise. I don't know between throwing rubber ducks at the camera and hitting a sound board to cue Orangutan screams I felt the guy just might have been a fucking snake oil salesman LOL*
mookixox 2 years ago 4
@666sigma He is on drugs. It's a well known fact.
TheTopBloke 1 year ago
This conman is still on TV? HAHAHA. CNBC is a joke. Every stinking one of their "reporters" are spitting out CEO jizz. I did love Cramer's irony: "What do people think, this stuff is all being taken up by Bank of America?" HAHAHA. BAC is trading at 4 bucks today.
splortz 2 years ago 16
@splortz
YEP.... 2 years later still trading at 6 bucks
thanks Angelo Mozila
canyonrafters 2 months ago
first, i def promise you that cramer is much more educated and informed than any of you naysayers. second, angelo is the only guy who has been trying to fix the subprime problem but the us govt threatened to take the subsidies away from him if he didnt make subprime mortgages available. he accepted the subsidies and continued to speak up against chuck schumer and his stupid cronies. he sacrficed his company to show that the direction the govt was going was going to kill the mortgage market neway
jordanjsanchez 2 years ago
I don't care how many degrees you have from Harvard, this video is a testament to education not making a difference in intelligence. It's being able to correctly interpret data.
SUBPRIME doesn't matter LMAO!!!!!!!!! Cramer needs to go back to manipulating the market as a hedge fund manager because obviously he can't predict what's going to happen at all.
john5246 2 years ago 2
Cramer is one of the biggest idiots on the planet.
hitchwatch 2 years ago
I think this guy is funny...Actually I use his advice inversly and have profitied from his "advice" almost every time!!! In May 2008...he did an entire show titled THE BEAR IS OVER.....he jumped up and down burned bears , cut them in two...SO I SHORTED EVEN MORE....THANKS CRAMER!!!!!!!!!
panleh75 2 years ago
Wrong Cramer!
Nexus974 2 years ago 4
Seriously doing the opposite of everything Cramer says means you can become a millionaire
john5246 2 years ago 4
That's not an overstatement.
"In a February 9, 2009 cover story, Barron's found that "his picks haven't beaten the market. Over the past two years, viewers holding Cramer's stocks would be up 12% while the Dow rose 22% and the S&P 500 16%.
Barrons further reported that betting against Cramer's Buy recommendations could yield 25% in a month based on options-market activity. "
That's from Wikipedia.
ukbang2007 2 years ago 3
What a tool.
MisterShred 2 years ago 4
WHAT AN idiot... CRAMER SAY HI TO ANGELO WHEN YOU SHARE THE CELL WITH HIM.
aceyorba 2 years ago 2
What a fucking quack. Cramer is the biggest crackpot on TV. It has been proven that his "methods" are worse than simply flipping a coin when it comes to the decision to buy or sell. Hahaha
MainTightSqueeze 2 years ago 5
Same priniple as Enron. Talk loud, talk fast and most people will believe you. I listened to his analysis of Gilead the other day. I have been in the pharma industry for nearly 20 years and I couldn't believe what he was saying. Total total inaccuracy.
stinkysam1234 2 years ago
WOW! The CDO (the tranching) is the entire reason that these mortgages took down the whole planet's financial system.
For-profit news is not meant to inform, only to sell advertising.
ecktoeman 3 years ago
Cramer is such a fraud! How much more wrong could he have been on this one? Not much! Yet listen to him rant on CNBC these days and he'd have you believe that he has been against this crap from the beginning. Thank God for YouTube! So we can see exactly what fools like Cramer said back in the day!
Steve99jp66 3 years ago 3
We Can Help You Save Your Home From Foreclosure Go To homesaver(DOT)tk
homesrustosave 3 years ago
Cramer's awesome. He's made me a fortune. Whatever Cramer says... GO. THE. OTHER. WAY.
Can't lose.
tor1976 3 years ago 2
This is the same idiot who coined the phrase JDSU stands for "Just Don't Sell Us"... But that was back in late 1999 while it skyrocketed to over $1000 a share... It's at $3 now. He hyped the tech bubble, fell off the face of the earth and then winds up with his own show after people forget... He's a moron. But, I give him credit for being entertaining.
kevikaze 3 years ago
Criminal Douchebaggery...
stinky125 3 years ago 4
Stinky, That is the best reply I have ever read! Thank you!
crocodileman 3 years ago
Be free to use it anytime..!11!
stinky125 3 years ago
What a douche!
prince0427 3 years ago 2
WOW! He really lays it on thick.
Stating that because of all money being tranched (divided) that the risk was diluted! The risk was EXPANDED - exponentially as a matter of fact.
You just can't trust for-profit media. This guy will say anything as long as it sounds interesting and keeps viewers tuning in.
The truth not only hurts, but most of the time it's boring.
ecktoeman 3 years ago 2
Oh but how wrong he was...
shtubahn 3 years ago 5
I love Matisyahu, and GLD, and Zen, and Ramana, and of course kingofmilwaukee & megawavez!!!
hahaha!!
busteam 3 years ago
Cramer is still awesome...BOOYAH!!!
and kingofmilwaukee & megawavez...
SCREWYAH!!!
hahahahahahahahahahaha!
did I mention...
HAHA!!!!
busteam 3 years ago
Cramer get stupider by the day.
kingofmilwaukee 3 years ago 2
dear god, move this guy to alaska
megawavez 3 years ago
This ass being interviewed by this clueless woman who accepts everything he says reminds me of an ugly guy in a bar making up bullshit in order to get laid.
scort8888 3 years ago 3
lol, the poor Jim means well but he doesn't know it all. Even more, sometimes he doesn't seem to know as much as he thinks he does.
pjzzxxyy 3 years ago 2
Wow. I too can't believe he is still allowed on TV.
rixross 3 years ago 2
Is this a joke? Was he joking? This was a joke...right? Why is this man still allowed on TV??
papatoony 3 years ago 4
what do jim cramer and henry paulson have in common? Answer: Goldman Sachs
kxnipt 3 years ago 2
God this guy is a stupid, arrogant douchebag. For all his blowharding I'll bet he can't legitimately make money on the stock market even.
Talentless hack.
baseballnolie34 3 years ago 5
he turned it around in august 2007 when he melted down on national tv screaming that millions would lose their homes...
phdecora 3 years ago 2
LOL @ Cramer.
Typical of Todays financiers.
Just lying to fit an agenda or really really uninformed.
jizzmonger 3 years ago 5
Jim Cramer for us secretary of the treasury
or Chairman of the Federal Reserve
attie3 3 years ago
How do NBC, CNBC, MSNBC justify keeping this guy on the payroll? They can't find anyone more informed than Jim Cramer? Jeez.
wayne7471 3 years ago 4
God damn big mouth Cramer..he just doesn't have any credibility...never had..
androidestereo 3 years ago
I noticed. No impact. No credibility. Mole hill.
maryellen728 3 years ago
The crisis is very complicated because the Gov allowed Freddie and Fanny to bundle subprime loans that the GOV FORCED banks to make (See CRA 1977). CRAP LOANS that YOU and I are going to pay for.
Here is the step by step video (search YouTube) of what happened in the mortgage/credit markets, why all these banks are failing and how we got to where we are . . . H5tZc8oH--o
And be ready to hit pause; the info moves along at a good clip.
FreeAgain2 3 years ago
Lenders were falling all over themselves to give out bad credit in the last few years. See 'This American Life' #355 "The Giant Pool of Money" for a very good explanation that was not excreted by a dishonest conservative thinktank.
The lenders, brokers, insurers, and bond raters are at fault for creating a situation in the last 10 years that the government failed to regulate because it was full of deregulationist morons.
Munkeymon 3 years ago
Munkeymon:
You hit the nail on the head! Cramer looks like a complete idiot, "Nothing to worry about." Reporters looking for a non-story? Only Bears Stern will be affected? The risk is spread among so many foreign investors? Guess again shit for brains! Listen to your nephew and seek other work.
maryellen728 3 years ago
put wall st. FAT CATS IN PRISON FOR LIFE.....OR SEND THEM TO THE BLOCK AND SAVE THE TAX PAYER TRIAL COSTS.
garyowen4ever 3 years ago
put CRAMER IN PRISON FOR LIFE......for crimes against the people of mainstreet.
garyowen4ever 3 years ago 2
Wow, douchiness personified. It doesn't help that he knows jack and his good friend shit.
kray97 3 years ago
Oh really?!
MrFrankBullitt 3 years ago
How can a Harvard Law Graduate be such a moronic spinster? I guess the better question is, why does anyone listen to him? Sounds like he's trying to "act" stupid so he can't be held accountable for his part in the destruction of America.
futureguy77 3 years ago
hahaha
jprithvi 3 years ago
A. Complete. Idiot.
He was telling his audience to buy BSC in the days leading up to it going bye-bye. I'm surprised anyone listens to him, including cabbies when he climbs into their back seat.
mradverb 3 years ago
Cramer is a faggot........ I Jim Rogers Banged his mommy in the ass..
stevenschleg 3 years ago
Wonder what he is saying now....
sniperxg 3 years ago
Why are they reporting this? Cramer's answer Rigor and prudence. His words.
charlesfrith 3 years ago
Well Bernanke has to control inflation. The more debt (bonds) created, the more money. Unfortunately, when u stop the gravy train on Wall Street, a recessionw will occur.
kng863 3 years ago
cnbc keeps showing this fool's rant to the Fed last year like he was some type of genious to see the looming disaster... no talent assclown...
clint40 3 years ago
layer
pawelsokol 3 years ago
I thought he was an idiot before, but now I realized he's way passed that. If there's a word beyond idiot he would be called that.
jmmacalalag 3 years ago 2
Seeing this again, I really enjoyed this line at the 0:40 mark.
"You would still not notice".
Okay. Now it is almost one year later on 7/1/08. I think people are noticing.
Bluntfacts 3 years ago
This seems to be a characteristic of some intelligent people - their minds work so fast that they end up being somewhat incoherent with all the information they're trying to express.
gregvs3 3 years ago
This guy Jim Cramer is a totally idiot. It's incredible that he has a website about finance. I wouldn't hire him to fix my plumbing.
aTibetLover 3 years ago
fool
Donnie2020 3 years ago
Why would you hire him to fix your plumbing...he isnt a plumber. You my friend, are an idiot.
WeekendWarrior1210 3 years ago
Great call, Jimmy!
Senniemiec 3 years ago
This was 8 mo ago & just viewed it again. Suppose, for a moment, he was just 'told' not to be 'negative' on the air and to 'lay-off the financial disaster talk'. Maybe even that person was just off camera. Then watch again.
Obvious falsehoods/surprises were stated.
And instructions 'given': "look at the..." "Rigor & prudence..." "If I were a journalist..."
So you decide. Was he 'told' and didn't like it? Was he being sarcastic? Straight up talk?
Things that make you go Hmmmmm....
raybiese1 3 years ago
I agree with your theory - the reference to "a bad time" yesterday and a dinner order as "wanting prime ribs" and "getting subprime cut". If this was around his Aug 6, 2007 meltdown than he probably was. Can't explain why he'd paint such a rosy false picture other than being a Company Yes Man and for CYA purposes.
olivepug 3 years ago
This was about June-July/07, just before the crisis started to get publically serious. I watched it again & still believe he was 'saying what he was told' in the most sarcastic and wildly overstated manner possible yet let loose with specific directions on where to look for 'the truth'. Changing the model forclosure rate dramatically affects valuations.
He was saying "look at the data and come to your own conclusion" and "look here..."
raybiese1 3 years ago
His avg recomendation on BSC was $80.... he has good & bad calls... but 80 down to 2 ???? come on------
frontier1701 3 years ago
Does this guy ever stay consistent? He once like accredited, then he blows up and says it's armagedden, now it's no big deal. What a bag of hot air. If it really is no big deal maybe he can call his friends in DC and tell them not to put the taxpayers on the hook for this nonsense.
ReliableSunPower 3 years ago
It's amazing how totally wrong Jim got just about every point. How long before The Street kicks him out?
alanhowitzer 3 years ago
I think if you deal with bonds and 'junk paper' it leads to insanity. He is clearly nuts.
tyronebiggums3 3 years ago 2
i love this girl she is sooo talented
turkeyyemen 3 years ago
Way to go Jim Cramer - You're Sooooo smart calling no impact from the housing meltdown. Oh hey, how'd that Bear Sterns thing work out for you?
pafriedl 3 years ago
Hey, I posted a month ago on this board that if Cramer ran BSC, it would be an $8 stock with a PE of 234.
Well...he didn't need to run it to make it bankrupt. His manipulative hedge fund buddies destroyed it and walked away with billions.
Wonder who bought all those puts and who is jacking up the price from $3 to $9 and back down? Yeah, you guessed it, they are.
It's a $2 stock folks, don't fall for it. Use Due Diligence and read the headlines before you jump on this junk.
hotrod5749 3 years ago
Baloney! The drop was between Goldman and
the government. Cramer, of coarse, "and his hedge fundies" had nothing to do with the
big dive. Anything after that is beside the
point and you know it.
danger0usknowledge 3 years ago
danger0usknowledge 3 years ago
"I would be investigated if I said Google would hit 800" :P
slmtblogspotcom 3 years ago
After the Bear Sterns pick I think Jim Kramer's nephew is not going to be saying "Kramer is my uncle".
dwardo2003 3 years ago
this is so fucking hilarious!!!
mongobobo 3 years ago
What an absolute effing moron. Google "Winners of the New World", his speech from March 2000. Hard to believe so many new lemmings are going over the cliff on his command 8 years later. To paraphrase: "There's nothing new under the sun --- just the market history you're too lazy to learn about."
cindyholoman 3 years ago
a manic idiot
Bigmartinno1 3 years ago
lol
4p0rt 3 years ago
Easy to criticize in hindsight, but just goes to show that none of these supposed experts has a clue as to what is really going on...This wasnt even a failed stock pick call ..This was a complete misunderstanding of the impact of the collapse of the real estate market and the greed that followed it...Jim you make for good drama but your calls should be filed under BOOYAH FICTION
strangetribe 3 years ago
Hey, at least he changed his tune unlike
guys like Kudlow who is a frozen perma-bull
in the China shop. To do so would mean dropping all that heavy water Kudlow carries for the administration that will never give him the phone call he waits for so desperately. Now have to assume the old
"long term outlook" because to do otherwise
might "talk" our way into a recession. Ha!
danger0usknowledge 3 years ago
LOL that's not heavy water he's carrying, it's "pork"
The coming of the end of the monetary system is upon us, and the countries that masquerade as countries will lose their power and influence over the individual.
FREE MAN ON THE LAND <--- Check it out
tillo2008 3 years ago
If Cramer ran Bear Sterns, it would be an $8 stock with a PE of 234.
hotrod5749 4 years ago
Maybe he does run BS...it is now below 5.
danger0usknowledge 3 years ago
Great- 2/3 of the CDO tranches are over in Europe!
Dumb guy who ran Bear Sterns--sold to you in Europe!
Yeah- Americans sell their crap to others, and act like HA!!
Sold -TO-U!!! GO AMERIKA!!!
Thanks JIM-- YOU"RE THE MAN!!!
7bb7b 4 years ago
Surprise, surprise. Six months later, the system is almost insolvent. The mighty Citigroup had to go to the Arabs and pay 11% just to stay in business.
Moral: just bet against Cramer and you will be printing money. Cramer recommended NYX; AMZN; AAPL; they all suffered 25% beatings within six months. It's so easy it is almost embarrassing.
Bluntfacts 4 years ago
If anyone is laughing, listen to Larouche in the 1970's he forecasted the collapse of the economy if those current trends continued and massive deregulation, which meant more looting of the system for the financial elite. Will the insanity get worse till a new dark age becomes our destination? The HBPA needs to be implimented in order to save civilization. I know I sound crazy but that is the nature of the times, do some research!
Ascendyourthinking 4 years ago
Quit buying shit you can't afford! I know that practicing some sort of fiscal responisibilty is a crazy concept but it actually works!!
jarvis1211 4 years ago
What about the system? If the system is corrupt wont another plan come up to trap the unsuspecting lower 80% It's not about survival of the fittest it's about the general welfare. Remember where that is from? Our constitution maybe...
Ascendyourthinking 4 years ago
Farnoosh Torabi's a cutey!
uziyahuidf 4 years ago
I am sure there will be a market for subprime paper AAA's long into the future ,watt is its calorific value and it can be burnt with dollars without producing extra green house gasses next time the grid colapses
ubornthick 4 years ago
very funny to watch this video today...
Melpheos1er 4 years ago 2
hehe Cramer, is a stupied fuck. Look at him, he have lost a lot of money on Bank of America. He think he know it all.
drilldrulus 4 years ago
Cramer Loves the crack pipe (in my opinion). Just look at the twitchy mutha fuker. Burn a rock or two for fuck's sake, Cramer. It's painful to watch!
wereallyfixcars 4 years ago 2
Dumb guy who ran Bear Stearns? Which one?
pacfilm 4 years ago 2
I watch video TE7hH9Aqnhw and it was amazing. Lost some respect for Kramer. I really liked this guy, but you cant say Subprime is nothing on eminute and it is the end of the world the next just to suit your needs - ratings. Minus Boyah X 3.
rljco 4 years ago
Why would anybody trust this guy?
MrFrankBullitt 4 years ago
Uhm.... how about because of the bell curve of intelligence? Howard Stern has a big audience too.
cstubing 4 years ago
Which way is the wind blowing today?
111harley111 4 years ago 2
Video confirms how Cramer is nothing more than a wall street pumper. He only looks right after the fact and he praised himself for it. Nice smoke and mirror.
pntrain5 4 years ago
What a fucking moron this guy is. On the video TE7hH9Aqnhw, he calls time on concerns about subprime saying their time to have an impact has gone. Then he goes to saying ok, it's looking dirty but so what? On "Cramer Explodes" reality finally bites and bites bad. The guy loses it big time. Sack this useless bag of shite.
Abranchiate 4 years ago
I as an AMERICAN who isnt struggling will not consume, Not buy stock not have a savings in a bank, and not support the market at all. The middle class can no longer afford to consume. Who are you people going to sell ur product to if we cant consume? I believe evevyone in the market will fall because U had no concern for the well being of the middle class and poor. God hates robbery. The needy have no relief. I guarantee you the market will fall unless U people help the consumer. PERIOD!
chere7up 4 years ago 3
Let me tell you what I know. Countrywide & the others (Ameriquest) carelessly loaned money to people/victims who didnt qualify with subprime rates. but BEFORE that SOMEBODY made it impossible for people who get in a financial bind to escape it by passing that HEINOUS BANKRUPTCY LAW. There is absolutely NO relief for the middle class or young people who get in debt. I dont know if I would work if I had 25% of my check garnished every week
chere7up 4 years ago
if 25% of wages are garnished, you might have to do crime to survive. i have seen foreclosed houses, and they have a lot of hate. 2 year old houses with broken windows, really nasty houses, looks like they hit the mailboxes with a baseball bat.
panther9mm 4 years ago
Yup, it all fits together nicely doesn't it.
jizzmonger 4 years ago
So after someone who barely makes enough money to pay a house pmt with a subprime rate loan
gets garnished for like a medical bill or old cell phone ect.. then comes foreclosure, then the debt is sent to attys office. They obtain a Jmt on the borrower. Then they lose their house & countrywide attys put a jmnt lien on the borrower/victim & IF they continue to work they get garnished for the home they lost in foreclosure.
chere7up 4 years ago
So people are more likely to work under the table, NOT consume at all, NOT buy stock , NOT have savings in the bank, nor a 401K ..so the answer is until the DEVIL that passed the BANKRUPTCY LAW FIXES THINGS the STOCK MARKET will NEVER recover. NO RELIEF FOR THE PEOPLE NO RELIEF FOR THE MARKET. I cant believe those dumb ees CANT FIGURE THAT OUT!!! That's ignorant for congress to think the middle class don't count!
chere7up 4 years ago
That was CoooollD blooooodeeed
airdusta 4 years ago
Cramer sure looked calm here LOL. what a moron.
shikira 4 years ago
Accredited Home Lending takeover canceled by LoneStar bc of "failure to satisfy condition". Obviously LEND lied about the viability of their loans and Cramer is a CNBC pumper.
pntrain5 4 years ago
Posting date is highly relevant here - two days BEFORE the top in the Dow.
srm2k 4 years ago
"Posting date is highly relevant here - two days BEFORE the top in the Dow." yep - SCAMMER - now SELL SELL SELL - so he and his billionaire friends can cover ... and videos of the TOTAL OPPOSITE search for "Wall Street Crying" a few weeks later before it went way way way down - total opposite opinion - CRAMER IS A TOTAL JACKASS... anyone that listens to him needs head examined...
etrafficsystems 4 years ago
Definition
The quantifiable likelihood of loss or less-than-expected returns. Examples: currency risk, inflation risk, principal risk, country risk, economic risk, mortgage risk, liquidity risk, market risk, opportunity risk, income risk, interest rate risk, prepayment risk, credit risk, unsystematic risk, call risk, business risk, counterparty risk, purchasing-power risk, event risk. HAHAHAHAHA
pachebel 4 years ago
This same thing happened last year on a smaller scale. Hold onto that master card. And buy a lil CFC while it's cheap. It happens in cycles.. Ohh yeah Cramers not always right. But when he is, he is. It's not the end of the world.
johnnyoregon 4 years ago
and what do you have to say today, johnny?
mongobobo 3 years ago
SELL SELL SELL! Sell your house NOW before it drops in value by 50%, especially if you are having trouble paying your mortgage.
linemanboston 4 years ago
so if i buy financial services stock can iexpect it to eventually rally back??
aannkk 4 years ago
Cramer messed up here, you can see he has switched stance now:
flicklife . com/cc7fe9e453f3a2f26f24/Cramer_flips_out_on_MSNBC.html
runeaam 4 years ago
Yes, but the Financial Services stocks haven't bottomed out yet...in other words "don't buy, don't buy, don't buy." They prob won't bottom out until towards the end of the year when the fed cuts rates or right before...keep your eye on them but not now.
TerenYoung 4 years ago
AHM went bankrupt today lol but that's nothing lol
cheznikos 4 years ago
Bush is not Christian. He just uses the Christians. He belongs to some Masonic Caballa religion.
JorDom88 4 years ago
Impeach BUSH!!!!!
thevinn 4 years ago
Impeach BUSH, the evangelical idiot fanatic
thevinn 4 years ago