Supreme Asshat of the Week Award: Cramerby The Fly on February 7th, 2008 at 8:32 pm |
I know, it’s too easy to pick on the hyper-active bald guy on tv. After all, it’s a tough racket; not many can muster the energy to wear all of his fucking hats. Unless, of course, you snorted an eight ball of coke off of your Red Bull can, every morning, before coffee.
However, I should let you know, Jim is well deserving of severe criticism for his constant fucktarded market calls, while pounding his chest—like a spastic King Kong.
For example: Three weeks ago, Cramer was calling for the end of the stock market, as we know it. Shit, things were so bad, he said we could drop 2,000 points in a single day. Talk about alarmism.
However, immediately following Bernanke’s rate cuts, the once hated Fed in “Cramerica” became a “friend,” enabling Jim to say we were going straight up and shit, “without any pullbacks.”
My favorite “Cramerism” is his recent story about foreign bankers in a bidding war for the worthless assets of (BSC: 9.84 +0.20%). Shoot, that comment right there deserves immediate asshat awards, no matter how low supply is.
Finally, he’s already discounting the recession, before it happens, suggesting his viewers pile into “early cycle plays”—such as banks, brokers and retail. Then, upon a dip, he tells people to expect these stocks to trade lower?!?!
As you know, I could go on and on—forever. I mean, just today, he pounded the monkey drums on retail, following today’s short covering rally. Anyone who reads his blog, on realmoney.com, knows he contradicts himself three to four times per day.
Sometimes, on special days, he reverses positions within an hour or two—making my realmoney.com subscription entirely worthwhile, yet meaningless
Hence, Cramer gets a “Supreme Asshat of the Week Award.” Take it bro, and run with it.
Congrats.
Of the new century, perhaps.
____________
In breaking news, much to Dinosaur Trader’s chagrin, Exxon says “Fuck You, Commies!”
February 7th, 2008 at 8:43 pmPeople are getting shot around here fellers.
Developing…
http://www.stltoday.com/stltoday/news/stories.nsf/stlouiscitycounty/story/C9F47E8DFBA0B871862573E90007E20F?OpenDocument
Down with Rockefeller.
February 7th, 2008 at 8:43 pmhttp://money.cnn.com/2008/02/07/news/companies/exxon_venezuela.ap/index.htm
Saw Cramer on CNBC this morning. Had his sleeves all rolled up and shit jumping around screaming looking for his buzzers. He made me so nervous,I actually switched to FBN…of course they were airing some crap about the Chinese New Year.
February 7th, 2008 at 8:47 pmBuy Buy Buy - there won’t be any dips, straight up from here!!!!
next day
sell sell sell - all rallies must be sold - Bear Market!!!
next day
wait… what day is it?
February 7th, 2008 at 8:49 pmIt makes for good TV. A stuttering BOOYAH from the West Coast Los Angeles, CA. SkeeDaddy. The Cramer picture is classic.
The Finer Things
February 7th, 2008 at 9:03 pmConservatives:
Vote for me, por favor. Me gusto Ronald Reagan.
February 7th, 2008 at 9:38 pmThis shit should achieve gold glove award status.
Where guy’s like Cramer or Mozillo get mentioned in the press and they make a color comment like….”yeah, and you know he’s a five-time Asshat of the Week winner”.
February 7th, 2008 at 9:40 pm“Unless, of course, you snorted an eight ball of coke off of your Red Bull can, every morning, before coffee.”
Love it!
February 7th, 2008 at 9:55 pmFly,
I love you. Not that there is anything wrong with that.
February 7th, 2008 at 9:57 pmCramer is hilarious. Pure comedy.
February 7th, 2008 at 9:59 pmIn early 2007 (Feb or Mar), Cramer was on his show and he blabbed for 10 minutes about how you should not buy tech. He was serious. He was passionate. He was Cramer. Then, he recommends 8 freaking tech stocks. Not the next month. Not the next week. Not the next day. Not the next segment. The recommendation came immediately after his 10 minute speech.
Cramer truly deserved this award. Booyah!
By the way, when is Dennis Kneale getting his own show? Kneale-nomics?
February 7th, 2008 at 10:37 pmWhat I like, is the disdain that they are showing for each other on the shows. It’s like a fucking time bomb ready to blow. You have Santelli v. Cramer, Gasparino v. Griffeth (I actually heard Griffeth on air say that he was “sick” of Gasparino), etc. And then there is Kernen pouring fuel all over the fires with his shit eating grin every fucking day. I can’t wait for the cat fights to start. Danny said it best….pure comedy.
February 7th, 2008 at 10:57 pmThat picture has been saved and shall be looked at every time I need a pick-me-up after losing money.
That’s gold, Jerry, GOLD!
February 7th, 2008 at 11:19 pmAbout time you gave the magic talking baboon his due. A lifetimg achievement asshat award would not be unworthy.. the first inductee into the asshat hall of fame.
Santelli and Gasparino dominate the mealy mouthed clowns on there. Kernen is alrite, the last three weeks. Even permabull Pisani is alrite, he just doens’t want to see people get fucked in a bear, though that is exactly what most of them need - a long hard one from the urso and some manual labor skills for their post traumatic experience life.
February 7th, 2008 at 11:51 pmPlease congratulate me! I made it to the Seeking Alpha editor’s picks today:
http://seekingalpha.com/tag/editors-picks
The article is this:
http://seekingalpha.com/article/63529-investing-in-a-resource-constrained-world-part-ii
South Africa is desperate:
February 7th, 2008 at 11:58 pmhttp://www.poweralert.co.za/poweralert3/index.php
Bloomberg columnist Caroline Baum speaks to the non-borrowed reserves thing:
http://bloomberg.com/apps/news?pid=20601039&sid=a7EAJelhvLh0&refer=home
February 8th, 2008 at 4:51 amJJ: Your need for approval is insatiable.
Go jerk off or something.
February 8th, 2008 at 5:03 amI like Cramer & have a lot of respect for the dude.
However, he has earned this award like no other.
February 8th, 2008 at 5:04 amAsshat of the week, calling for another cut.
Schlocker!
February 8th, 2008 at 5:31 amFly,
When does JJ get an asshat award? Or is it too obvious?
Meanwhile, Jakey, fuck Venezuela. Not sure if you were somehow implying I’m a fan of dictators. If so, I’d like our current VP more.
-DT
February 8th, 2008 at 6:23 amMaybe we should mail him a real AssHat in honor of his award. I’d be happy to contribute.
He deserves this award right down to his underpants, and although it’s early, I nominate him for the Asshat of the year 2008.
February 8th, 2008 at 6:46 amFly - time to go to Romania
http://www.zshare.net/download/7316022e901b5a/
February 8th, 2008 at 6:55 amHeh, looks like Erin Burnett had a long night. Maybe she spent all night smacking Cramer.
February 8th, 2008 at 7:04 amDeets, no I would never imply you were “a fan of dictators.”
I’m only implying (and “saying,” really) that you are a fan of communism.
For instance, Barak Obama is about half a step to the right of that fucktard Chavez in Venezeula.
Obama, too, wants to nationalize an industry — just not a small one like Chavez has done– but one that makes up one seventh of our economic output.
February 8th, 2008 at 7:19 amDamn it I do not need the FLY’s approval. He is been proven a tough nut to crack. I keep telling people to buy PAL and SWC for the benefits of the people who read here. These two stocks are going up up and away and still no one interested in making money?
I am talking about gaining at least 30 fold return in 3 years, maybe shorter time!!!
The article is No. 9 on the Seeking Alpha editor’s picks:
http://seekingalpha.com/tag/editors-picks
February 8th, 2008 at 7:46 amYeah, thanks JJ, I think we got the message.
Those who believe you have already gone out to buy, I’m sure. The rest you will just aggravate by your broken-record comments.
Move along.
February 8th, 2008 at 7:49 amI wonder if JJ is related to Beannie?
___________
Spaulding!
I read your article, and please don’t confuse me with the tinfoil hat types, but I’m still a bit wary. For instance, this woman blows off the whole TAF thing without any discussion of why they’ve instituted it in the first place, and with no discussion of the asset side of the balance sheet.
This quote in particular left me uneasy:
This gentleman is overlooking the fact that the Fed is “a monopoly provider of reserves,” said Jim Glassman, senior U.S. economist at JPMorgan Chase & Co. “This is a non-starter. There is no such thing as a banking system short of reserves. The Fed has absolute control over the supply.”
There may be times, such as late last year, when banks are reluctant to lend to one another for a period longer than overnight. “And any one bank can have a problem” funding itself, Glassman said. But in a world where “the Fed can print money, there is no shortage,” he said. “The banks get the reserves they want.”
Oh, happy day, we’re the Weimer Republic.
February 8th, 2008 at 7:53 amThe french shower bags seem to have the tape yet again - there go the first solars, and there go Amazon fucking investors money instead of giving it back to them. Covered.
February 8th, 2008 at 8:03 amSeeking Alpha started out as a good idea.
Now, it is just trash.
What is the difference between Seeking Alpha and third tier blogs? Nothing.
What is the difference between Seeking Alpha and a yahoo message board? At least Yahoo makes a profit.
SA editors let anyone write anything, not matter how poorly researched it is; no matter whether one is just talking their position.
Utter crap.
February 8th, 2008 at 8:03 amDPeezy:
Unfortunately you can not speak for the FLY. It looks like he still has not got it yet. If he is convinced and buys some PAL and SWC, and he starts to pitch PAL like he used to do with the loser MVIS, then I move on. I used to waste time pitching on the message board of the penny stock MVIS just because the FLY is too stubbrun, once he sold MVIS, I no longer visit that loser message board. So I have been reasonable.
PAL up 8.43% and SWC up 3.89% today! There are fewer and fewer losers here who still refuse to listen to me.
February 8th, 2008 at 8:04 amJake,
I’m not trying to bash you with this stuff; I appreciate your opinion. I know you’re not a tinfoil hatter: that data series is uneasy-making for sure, and you know more about it than I do. (But Alcoa should be paying residuals to some of the people posting elsewhere on the issue.)
I’m just trying to drag in semi-relevant stuff as I find it to stimulate discussion.
Me, I just want to stack loot like Porterhouse. Dude has a handful of money every time I see him.
February 8th, 2008 at 8:09 am“Me, I just want to stack loot like Porterhouse. Dude has a handful of money every time I see him.”
You mentioned porterhouse last night and I thought you were talking about your dinner. Who is “Porterhouse?”
February 8th, 2008 at 8:20 amMake it PAL up 9.04% and SWC up 5.14%. And that is just the beginning. Why do you guys hate making money, eh? I have never seen a more stubburn group of nuts to crack.
The FLY, buy some PAL and SWC, hold for 3 years for wonderful gain. And Pitch these two stocks to your visitors. Once you do that I will move on and crack the next tough nut to crack. You are the toughest one, I spend 6 months just on you!
Writting Seeking Alpha articles is 100 times easier.
February 8th, 2008 at 8:21 amThinking of shorting MA here and buying UNG.
Comments?
(PS — whatever happened to CrudeTrader?)
February 8th, 2008 at 8:25 am@Jake:
See item 16 on this page:
http://imdb.com/name/nm0204739
February 8th, 2008 at 8:33 amDUG looks good here. Wish there was a more direct way to play oil prices.
February 8th, 2008 at 8:35 amI am rounding out my long UWM and XLF position right now by adding my final block. This may have been the ultimate sucker week for me; however, with all of the bad news that came out this week following the drubbing on Monday, I believe the shit is cooked in for the short term and we churn higher (no huge push up in my opinion). CSCO should have destroyed the market yesterday - but no. Huge risk is shit hitting the fan over the weekend. I am looking to hold this position for one solid week.
February 8th, 2008 at 8:51 amWish there was a more direct way to play oil prices.
USO?
February 8th, 2008 at 8:53 amref. woodshedder note on Seeking Alpha above, rumour has it that the Fly is preparing a major article for SA - developing…
February 8th, 2008 at 8:56 amShorting 10k SWC here…
-DT
February 8th, 2008 at 8:58 amSpaulding– ah! Got it… did not realize you were making a CS reference. That was one of about ten films we had “in the rotation” in our room group in college. For the life of me, however, I didn’t remember old Porterhouse…
He was the “wax buildup” guy, yes?
February 8th, 2008 at 9:01 amMON shorts getting the homo hammer of ass plungers.
February 8th, 2008 at 9:01 amDT: Interesting what took it up so much lately?
February 8th, 2008 at 9:04 amCF results and wheat, presumably. See TNH blurb on notablecalls. Traders don’t seem to care that half of profits are about to be given away; it’s party time!
February 8th, 2008 at 9:12 am@ Jake,
Yes, “wax buildup”, but also “Fifty bucks the Smails kid picks his nose” ..
February 8th, 2008 at 9:12 amWhy is no one shorting GPS here? I mean this pig has run like no other.
February 8th, 2008 at 9:34 amGappy,
I’m just tweaking JJ… it was put on some focus list.
Oh, and JJ’s been plugging it for the last 9 months. People have finally figured out that he’s a genius afterall.
-DT
February 8th, 2008 at 9:35 amAre there any DAYTRADES out there? I need a fix.
February 8th, 2008 at 9:36 amThere is an endless supply of rubes who constantly bitch about Cramer. Do you people watch CNBC all day long? If you buy a stock simply because Cramer told you to, and you didn’t do any of your own due diligence, THEN YOU DESERVE TO LOSE MONEY. Stop blaming your crappy life on Cramer.
February 8th, 2008 at 9:42 am[...] another note, this is sooooo true. Even more on Cramer’s nonsense over here. As my two year old son says “Funny stuff [...]
February 8th, 2008 at 9:46 amMushroom,
If you note, we do it after hours because we are fucking bored and enjoy the jockularity of it all. The losers are the ones that actually discuss that shit during banking hours. Wait…..does that mean????? Ahhh, you got me!
February 8th, 2008 at 9:49 amFocus list or not the thing is up 100% in 2 weeks.
February 8th, 2008 at 9:50 amgapping,
I am gonna take the GPS short here on the overbought nature of its 30 minute chart. Volume has dried up to the upside as well.
February 8th, 2008 at 9:52 amMVIS followers:
Up over 9% today on fairly strong volume. Nice breakout bar if we close above 2.80 today. Yeah, yeah….I’m still holding this shit.
February 8th, 2008 at 9:56 amfslr if you need a quick day trade fix -pig refuses to look over its shoulder at the s and p. thinks we owe it something for the bloodletting on weds
February 8th, 2008 at 10:15 amugly shoes also turned red .. sell those boot tapmons as well.. 40
February 8th, 2008 at 10:19 amCalvino,
Thx for that. I will take a look. Daily chart shows the turd rolling over once more.
February 8th, 2008 at 10:20 amLung Sac: I feel bad about your XLF longs, so here’s one that should be painless.
Short GES here with an approximate cover target of about $34.25. Cover your short on any break above $38.
February 8th, 2008 at 10:24 amyou wanna know what a cramer is ??
cramer comes from german “Krämer” .. thats a chandler, huckster, monger or grocer ..
so you know what BIG deals a cramer does …
February 8th, 2008 at 10:25 amJake,
Ahhh…..thanks for the sentiment. It’s hard being me sometimes.
Thx for the GES trade - will give it a look.
Gapping - thx for the GPS trade - working out so far based on my trade off the 30 min chart.
February 8th, 2008 at 10:28 amAlvari I still hold MVIS too. Just sold 5000 at 2.76 and will continue to let out some that I bought in the low 2’s. Its moving well
February 8th, 2008 at 10:32 amhow abt NYX call on Friday @ 82.xx before earnings on Tuesday…..it puked $11 after the earnings….i pity those poor souls who bought NYX @ 82
February 8th, 2008 at 10:38 amDinosaur:
I am not a genius. I am just willing to spend my time researching fundamentals of the metals, and I have a strong convinction to stick to it. With that kind of attitude it is hard not to make money at the end of day.
The worst mistake will be to sell too early. I am committed to hold for a few years to rip 30 fold profit. I am committed to add position on the way up, as my buying power increases. That way hopefully I can make 30^3 = 27000 fold, instead of merely 30 fold.
The PGM metal rally is unstoppable. My ultimate dream will be commerciallization of Cold Fusion. That will make me a billionaire overnight, and save the world at the same time. No one in the world has done both at the same time! Getting rich and save the world!!!
February 8th, 2008 at 11:13 amHoly shit…
-DT
February 8th, 2008 at 1:31 pmYo Cramer your so fake and a fucking sell-0ut. no direction, bang ya chest ape man. Cramer you don’t know shit about stocks.
February 8th, 2008 at 5:33 pmMan you have no direction where the market is going. I’d rather get stock information from a taco bell worker. Sold your soul for TV ratings, you suck!
February 8th, 2008 at 5:53 pm[...] been recommending purchase of BSC since $95, immediately following the Fed’s 75 bps cut. He was so far out there, vehemently recommending [...]
March 17th, 2008 at 11:57 amMan o man… You guys REALLY know how to pick em!
March 19th, 2008 at 5:35 pm