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I'm not defending Jim Cramer. But Jim Cramer made his fortunes as a young guy day trading, read his biography, he comes across as a buffoon, but he only does t

by maeon3 16y ago

I'm not defending Jim Cramer. But Jim Cramer made his fortunes as a young guy day trading, read his biography, he comes across as a buffoon, but he only does that to categorize his show as "entertainment". This way he can get around the SEC law which prohibits people from rallying the people over a public medium to manipulate a stock up or down. Love him or hate him, the guy is a genius. Personally I think he's using the TV to make profit off the viewers trading, but if you are savvy you can trade with Cramer (what he really does, rather than what he says to do).

r00fus 16y ago
No one is saying he isn't smart. Trust comes from two things fundamentally: capacity and compassion. If someone is smart but they've made a deal with folks who are trying to rob you, they are not trustworthy. Jon just proved that the only thing that matters to (admittedly bright) Cramer is Cramer. Viewers should have kicked his ass out by ignoring his show.