Typically, I ignore Cramer’s nonsensical rants. Not today.
Let’s not even mention his long term love for NFLX, even at $300. On the CMI earnings miss, Cramer told viewers of CNBC to “buy the stock down 9” and how the CEO is just “so self deprecating.” Cramer envisioned the CEO whipping himself during the conference call. Later on, Cramer had the balls to say CMI “would not have warned if the stock was trading at $78.” WTF?! He furthered, because the company’s stock price was in the 90’s, they had room to warn.
With regards to MMM, Cramer called them “serial underperformers” and how they were simply “outliers.”
To summarize: macro-trends do not exist for stocks. When they report good news it’s because they things are terrific. When they report bad news it’s because the CEO sucks and/or they are just trying to beat next quarters estimates.
Bob Pisani called Cramer out saying “MMM is not an outlier,” pointing to weak sales amongst a variety of industries.
Ho-hum
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All aboard the semi train…..market will follow INTC and rip higher.
Market nervous…very strong/fast action movement…we were down 170 and 2 minutes later down only 100… VIX above $30.
I might start a small rental on SPY shorts after 10am.
the guy is dangerous. I remember him pushing Downey S&L at 60 saying it is going to 100 in august 2008. 4months later the stock is 0. Of course he disowned on the way down. I just don’t like that guy. Don’t understand why he is a media darling.
People are sheeple and love to be led. The masses perceive the long time resident assclown as great leader, they have no memory of what he said last week or month, just give them the hot shit coming out of his mouth at the moment.
Hey Mad Money, not that many people knew Downey S&L, as they were relatively small. Do you know them just from trading? I used to work for them, up until they failed and were literally given to US Bank.
what about when the ceo of cat,in 07,came out and said things werent going good,and then all the sudden,it’s recession. the other day,cat reports great earnings. two days later cmi does the”oh guess what” routine,and now, were all red. oh, and phuck cramer
B-B-Booyah!
His NFLX cheerleading was especially egregious. Even if one ignores their poorly handling price increase, it was obvious the stock had run too far and was soon to face increasing competition. Some good sized pullback was inevitable.
he’s like bad lasagne,the only way you’ll sleep at night is after drinking a bottle of “briosci”……..
He was laughing at GS bad call on NFLX.
My recent favorite of Cramer’s has been SODA.
Break out the carnival cannon.
Meh, he’s not as bad as people like to believe.
Typical human nature to dislike those who are more successful then yourself, because you cannot achieve what they did.
how do you know of anyones achievements?
Well, some people may be jealous of his money. But his “achievements” consist of managing to get paid for stock calls which overall are far more bad than good. Basically the guy gets paid for giving money losing advice to investors.
Cramer started to interrupt, Pisani told him to hold on a sec– and Cramer shut up. That was pretty good.
This market is so bi-polar. Today all negative all the time after the exact opposite for the last several days. The CNBC commentators are consummate short term trend followers.
Don’t forget always positive cheerleaders even in the face of horrific news or circumstances.
What would Herman’s SimCity model do in this scenario?
Maybe Cramer should do a taste test between the cock of the CEO of CMI and NFLX
Sheesh! They prolly taste like shit.
holding WNR into this knife lucky i bought at 12.65, are you buying more down here before earnings, they are hedge at 27?
my WNR also being beaten…
I tried calling WNR today, I had to leave a message for:
Jeffrey S. Beyersdorfer
Senior Vice President for WNR
Treasurer
Director of Investor Relations
(915) 534-1400
I was trying to get any info that he might be willing to provide.
I don’t think they are fully hedged.
I did however add to my WNR position today.
His CEO interviews are the worst, where he tosses these softball, leading questions at them constantly. He just wants to be accepted.
FUCK CRAMER
THAT should be a daily News Flash.
i think Cronkite sums up this thread best
Good call sir.
rueben- yeah just from trading- use to work for boutique that specialized in bank stocks
Where is alf ???
Gold and silver just exploded higher. Not sure what caused that.
Jim is still learning.