Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0

Just a week ago, the day the DOW JONES was up 400 points, Jim Cramer on Mad Money told people to stay in Bear Stearns.  What a sham, he should have known better.  It's time Jim Cramer comes clean and fesses up to his many mistakes lately.  More specifically recommending GOOG, telling viewers it will go to $900, when it was trading in the $700's, recommending SHLD when it was $190 a share, making NYX his number 1 stock pick in 2007, recommending it when it was in the high $90's, recommending investors buy Iverness Medical in the 50's even though the company was on a unsustainable rate of buying companies one after another, not to mention the stock in now under $30.

Now everyone makes mistakes, but he is a public figure with media spotlight and the whole concept of his show is helping the "Main Street Investor".  However you have to ask yourself if he really is doing so, or is his show just about ratings for CNBC.  The worst part is he goes on his shows and then has the nerve to tell people "Told You So".  Cramer come clean.  

Jim Cramer's biggest downfall is he can't control his emotions, he doesn't take the emotions out of investing.  Jim Cramer is the ultimate contrarian indicator.  I can't stress this point the most, remember this, when Cramer comes on his show, Mad Money, blowing his Horns when the DOW JONES is up or hiding under his desk when the DOW JONES is down big, you have to take everything he says with a grain of salt and seriously consider doing the EXACT opposite of what he his telling you.

The below video is from Don Harrold, about 1 minute within the video you'll see Cramer commenting on Bear Stearns:

Check out all my posts at

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.