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**mealiusarses** · 03-18-2008, 07:06 AM

IF YOU HAD YOUR MONEY IN BEAR YOU STILL HAVE IT TODAY

Cramer. Is. Bulletproof.

* February 2000, Cramer proclaimed that Internet-related companies "are the only ones worth owning right now." These "winners of the new world," as he called them, "are the only ones that are going higher consistently in good days and bad". (Jason Zweig, Commentary on the Introduction, "The Intelligent Investor" by Benjamin Graham)

* In February 2007, Henry Blodget -- himself indicted for civil securities fraud in 2002 and banned for life from the securities industry -- criticized Cramer for overstating his abilities as a market forecaster, noting that in 2006 Cramer's suggested portfolio lost money "despite nearly every major equity market on earth being up between about 15 percent and 30 percent."[28]

* In March 2007, a review by CXO Advisory showed that Cramer's stock picks have done worse than the market averages.[29]

* In August 2007, Cramer called for the Federal Reserve to support hedge funds that were losing money in the Subprime mortgage financial crisis, prompting Martin Wolf, the chief economics commentator for the Financial Times, to accuse Cramer of advocating an offensive and catastrophic "socialism for capitalists".[31] However, within weeks the Fed had lowered the short term interest discount rate by 0.5% as Cramer had requested on his Stop Trading segment.

* Two weeks before his well-known speech against the Federal Reserve, Cramer appeared in a segment of TheStreet.com's Wall Street Confidential stating that the subprime crisis wasn't all that bad.

03-18-2008, 07:06 AM	#10
mealiusarses Join Date Oct 2005 Posts 379 Senior Member	IF YOU HAD YOUR MONEY IN BEAR YOU STILL HAVE IT TODAY Cramer. Is. Bulletproof. * February 2000, Cramer proclaimed that Internet-related companies "are the only ones worth owning right now." These "winners of the new world," as he called them, "are the only ones that are going higher consistently in good days and bad". (Jason Zweig, Commentary on the Introduction, "The Intelligent Investor" by Benjamin Graham) * In February 2007, Henry Blodget -- himself indicted for civil securities fraud in 2002 and banned for life from the securities industry -- criticized Cramer for overstating his abilities as a market forecaster, noting that in 2006 Cramer's suggested portfolio lost money "despite nearly every major equity market on earth being up between about 15 percent and 30 percent."[28] * In March 2007, a review by CXO Advisory showed that Cramer's stock picks have done worse than the market averages.[29] * In August 2007, Cramer called for the Federal Reserve to support hedge funds that were losing money in the Subprime mortgage financial crisis, prompting Martin Wolf, the chief economics commentator for the Financial Times, to accuse Cramer of advocating an offensive and catastrophic "socialism for capitalists".[31] However, within weeks the Fed had lowered the short term interest discount rate by 0.5% as Cramer had requested on his Stop Trading segment. * Two weeks before his well-known speech against the Federal Reserve, Cramer appeared in a segment of TheStreet.com's Wall Street Confidential stating that the subprime crisis wasn't all that bad.
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