No. of Recommendations: 2
Occasionally I read articles by Cramer ( Partly for amusement, and partly to figure out what I ought not to do. It looks like this week he forgot whether he was pumping or bashing Lucent.

It probably isn't direct enough to get him into trouble. But it is plenty direct to make the point that you should be careful who you trust for financial advice.

August 3 2004 at:
Lucent (NYSE:LU): How can this company be trading with Nortel (NYSE:NT) when it is doing better than Nortel with no accounting issues -- total transparency -- and better management? I own Nortel, just bought more, because I think it is doing better than people realize, but the price in Lucent is ridiculously compelling. Buy it, put it away, forget about it. It will come back.

August 9 2004 issue of New York Magazine available at:
Stop moaning about your losing stocks already. No one said you had to own deadbeats Intel and Cisco. Did anyone put a gun to your head to buy serial underperformers Lucent or Time Warner? What makes you think that Pfizer and Merck are coming back? Things go worse with Coke, trust me—another blue chip that stinks. S&P 500 index funds? Please.

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