Comments on: Barron’s vs. Cramer, Part II

By: ‘Investing via Media Market Timing’ « ForgottenEcomony.com

‘Investing via Media Market Timing’ « ForgottenEcomony.com — Mon, 04 May 2009 23:13:02 +0000

[...] I discussed why the Barrons vs Cramer debate was irrelevant, and why people should never invest based on what [...]

By: Charlatan

Charlatan — Sun, 08 Feb 2009 20:04:53 +0000

BR, a few weeks ago, you posted a video in which Cramer really flubbed the whole housing situation (“subprime is no big deal” etc.). The video was inexplicably pulled within minutes. Two Questions: (1) Did you post that video purely for our entertainment, or did you also seek to provide a more truthful portrayal of Cramer than we get from the mainstream media (gotcha!) (2) If the video had shown Cramer making a good call, would it have been inexplicably pulled? (gotcha again!)

Sorry, BR, but you’re off base on this one, and even your most loyal readers know it. Just because it would be foolish to invest based on a television show doesn’t mean that exposing a big, fat phony is trivial or irrelevant.

By: dead hobo

dead hobo — Sun, 08 Feb 2009 14:29:24 +0000

wswainwright Said:
February 7th, 2009 at 12:09 pm

Infotainment at it’s best…

CRAMER prognostications: (FOLLOWED BY ABOUT 100 long predictions, it’s that really long post above)

reply:

If obsession about Cramer in this amount of detail is how you spend your days, then your life is much worse than mine. Perhaps you should learn a new trade, such as drinking while cooking, or drinking while watching tv, or public drunkenness, or sleeping it off. All of which are far more productive than being a groupie of a tv star and then whining about how jealous you are of his success. Name 1 who does a better job. The others are just sales personalities.

By: loan shark

loan shark — Sun, 08 Feb 2009 04:17:32 +0000

The Soupy Sales of Wall Street. My 2 year old loves him. He’s a cartoon. At least he keeps his political/historical pretensions and ignorance to himself.

By: blackvaultcm

blackvaultcm — Sat, 07 Feb 2009 21:51:25 +0000

Jim Cramer is one of the worst performers alive. Just yesterday he listed his top ten reasons as to why the market is turning around and the economy is much better. Some of these reasons are a complete joke, it’s like he couldn’t come up with something.

here are his reasons as to why you should start buying…
http://blackvaultcm.blogspot.com

There is also a video on the site that is a compilation of some of the worst calls by Cramer…such as telling people to buy things even though they are overvalued (back when market was at 14000) and that people should buy bank stocks just before the collapse.

yeah he really makes money for you.

By: I-Man

I-Man — Sat, 07 Feb 2009 20:41:38 +0000

Cramer is awesome…

Theres a ton of money to be made fading his picks, in fact I’m almost sure there are desks out there that play that game everyday.

You can probably run a hedge fund doing nothing but fading Cramer picks.

Dude is a pretty good writer though, I will give him that, not to mention an insanely good businessman… I mean seriously, we’re all here talking about him right???

I really enjoyed reading “Confessions of a Street Addict”… until he went into the whole saga of taking TSCM public anyway… its a good read.

By: mlomker

mlomker — Sat, 07 Feb 2009 20:15:36 +0000

Glenn Beck sits in front of a microphone for an hour per day and he has 40+ staff. Do you think Cramer does his own analysis? He has ‘people’ for that.

By: Broken

Broken — Sat, 07 Feb 2009 20:10:05 +0000

“Investing in financial instruments has nothing to do with science and everything to do with luck”

Anyone who believes that should definitely stay away from everything but the safest of bonds. Not dissing you, I’ve been mainly in high-grade munis for years. Tax free 4.5% is looking pretty good right now. But, as Barry’s chart on ten-year stock returns suggests, stocks should outperform bonds this next ten year period.

By: Mich@TBP

Mich@TBP — Sat, 07 Feb 2009 18:54:27 +0000

I wrote in the wrong entry, here it is again:

Barry, this is the same thing as your beloved “media indicator”

What you see as media indicator (albeit in a smaller scale with Cramer), is actually two things:
- Front running by people who knows the broadcast/article is coming
- Fund managers talking their books to media (stock tipping them) so they get others to provide support for their bets at best, or help them liquidate at worst.

Barron’s knows this, hence the charts they provide, because THEIR PEOPLE do it too

Front running, insider trading, book talking….pure corruption

That is why one is better off never reading a single commentary or advise if they can’t help themselves but to read it at face value.

By: Tripower

Tripower — Sat, 07 Feb 2009 18:50:31 +0000

“most people should just put their cash in bank CDs. Investing in financial instruments has nothing to do with science and everything to do with luck. BTW, I think momentum is a primary component of many scientific investment systems, especially those that take the emotion out of decision making..”

——-

Well there is one simple to invest in the stock market using a long-term timing signal as proposed by Karl Denninger. When the 20 week moving average goes more than 1% above the 50 week moving average, you buy an S&P 500 index fund. When the 20 week falls 1% below the 50 week, you sell and convert to short term cash investments.

http://www.youtube.com/watch?v=bN9WUIXaRr4&eurl=http://www.tickerforum.org/cgi-ticker/akcs-www?post=78142&page=1