Jim Cramer

Is This The End Of CNBC As We Know It?

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– Is This The End Of CNBC As We Know It?:

One of the core aspects of mainstream financial media in general, and outlets like CNBC in particular, more so even than their chronic permabullish bias, is the seemingly endless gallery of “experts”, “pundits”, and other talking heads whose only requirement is wearing a business suit (in some very notable exemptions) who show up on TV, offer trade advice and recommendations – while either pitching their own trading services or hoping to offload their own existing positions  – and if (or rather when) said advice leads to material losses are not heard from again until a certain period of time passes, and those who suffered listening to said “experts” have moved on, at which point the farce repeats itself.

Read moreIs This The End Of CNBC As We Know It?

Cramer Does It Again: Camera-On-A-Stick Crashes 30% After Slashing Guidance, Cuts 7% Of Jobs

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jim_cramerJimCramer

– Cramer Does It Again: Camera-On-A-Stick Crashes 30% After Slashing Guidance, Cuts 7% Of Jobs:

Who could have seen this coming? Week after the CEO ordered his mega-yacht and 6 months after Jim Cramer said “it was going higher,” GoPro has just slashed Q4 revenue guidance by 15% (from $510.9mm to $435mm) and has addtionally decided to layoff 7% of the workforce. For now, GPRO is halted… but Ambarella is not (and is collapsing 6% after hours) leaving them down 65-80% since Cramer said “buy buy buy.”

muppets-kermit-dead

 

Baltic Dry Down 90% Of Days Since Cramer “Stressed Its Importance”; Crashes To New 29-Year Low

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– Baltic Dry Down 90% Of Days Since Cramer “Stressed Its Importance”; Crashes To New 29-Year Low (ZeroHedge, Feb 4, 2015):

And the collapse just keeps going… since Thanksgiving, The Baltic Dry has fallen on 43 or the 47 days, down over 60% from the “China growth is back and all-is-well” hope-filled days of late October (when Jim Cramer “stressed the importance of watching the Baltic Dry Freight Index,” as his bullish thesis confirmation). At 569, The Baltic Dry is inching ever closer to what will be the lowest level ever (554 on 7/31/1986) for the global shipping cost indicator…

One or two more days like this and it will be the all-time low…

BDIY-Collapse

Read moreBaltic Dry Down 90% Of Days Since Cramer “Stressed Its Importance”; Crashes To New 29-Year Low

Sometimes 0% Is Better Than -82%

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– Sometimes 0% Is Better Than -82% (ZeroHedge, Aug 27, 2014):

The Best Investment Article Ever Written:

The Winners of the World

February 29, 2000…

You want winners? You want me to put my Cramer Berkowitz hedge fund hat on and just discuss what my fund is buying today to try to make money tomorrow and the next day and the next? You want my top 10 stocks for who is going to make it in the New World? You know what? I am going to give them to you. Right here. Right now.

OK. Here goes. Write them down — no handouts here!: 724 Solutions (SVNX), Ariba (ARBA), Digital Island (ISLD), Exodus (EXDS), InfoSpace.com (INSP), Inktomi (INKT), Mercury Interactive (MERQ), Sonera (SNRA), VeriSign (VRSN) and Veritas Software (VRTS).

We are buying some of every one of these this morning as I give this speech.

And then this…

Jim Cramer - winner

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Sometimes – it would appear – 0% is better than -82%…

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JimCramer

Jim Cramer’s TheStreet.com Charged With Accounting Fraud

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– Cramer’s TheStreet.com Charged With Accounting Fraud (ZeroHedge, Dec 18, 2012):

Over two years ago, while scouring through TheStreet.com’s filing we stumbled upon something interesting: “As a result of the need for the Company and its independent registered public accounting firm to focus attention on matters related to the Company’s previously-announced review of the accounting in its former Promotions.com subsidiary, which subsidiary the Company sold in December 2009 — including matters related to the preparation and filing by the Company in February 2010 of a Form 10-K/A for the year ended December 31, 2008, a Form 10-Q/A for the quarter ended March 31, 2009 and Forms 10-Q for the quarters ended June 30, 2009 and September 30, 2009, respectively, and matters related to an investigation commenced by Securities and Exchange Commission in March 2010 — the Company requires additional time  to prepare its financial statements, assess its internal controls and file its Form 10-K for the year ended December 31, 2009 (“2009 Form 10-K”).” Oops. We can’t wait to see how Mr. Cramer will explain to the Mad Money faithful this particular twist on the hangover of the show’s five year birthday bash. Also, we wonder if CNBC will finally cancel the ludicrous Jim “truth” Cramer campaign once this news breaks. We doubt it- in the quest for evaporating eyeballs, all is fair.” This was in April 2010. Today, we got resolution on the matter, as the SEC finally has put the matter to close.

From the SEC:

Read moreJim Cramer’s TheStreet.com Charged With Accounting Fraud

Tensions Explode On CNBC, As Simon Hobbs Tells Jim Cramer: ‘You Told People To Buy Bear Stearns!’ (36 Hours Before It Collapsed) – Video

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– Tensions Explode On CNBC, As Simon Hobbs Tells Cramer: “You Told People To Buy Bear Stearns!” (Business Insider, Aug 18, 2011):

A debate between CNBC anchors Jim Cramer and Simon Hobbs went out of control this morning amid the European bank rout.

Cramer opined that traders have to consider the possibility that this is a Lehman moment, and after the commercial break Hobbs cries foul over the comment.

Read moreTensions Explode On CNBC, As Simon Hobbs Tells Jim Cramer: ‘You Told People To Buy Bear Stearns!’ (36 Hours Before It Collapsed) – Video