Saturday, November 22, 2008
Jim Cramer - An Unrepentant Moron
JPMorgan Chase : "This remains the most attractive bank stock in the book. This is the best bank in the world right now."
Since Cramer pounded the table for JP Morgan Chase on November 4th, JPM has declined a whopping 50%!!!
I may be a Moron for covering my short at $34.71 one week before it dropped sub-$20....
BUT I DIDN'T TELL ANYONE TO GET LONG.
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How does Cramer keep his job? I could write pages of things Cramer has done wrong this year and yet he still screams as if he knows what he's talking about. Amazing ... and yes, I'm a moron too, I've subsribed to Cramer's site for the last 7 years.
I heard his audience has *doubled* this year.
Wrong or not....that's the only metric that matters to CNBC.
Until, of course, the class action lawsuit comes at him from viewers who've taken his advice and lost money!
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