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Originally Posted by bdeg
And the biggest problem with this is the loss caused by the imperfect information he's spreading. Let's say your stock has been down 5 points, he says DUMP, you dump, it recovers. Why did it recover? Was it ever really bad? Maybe you just got swindled for the margin. It's possible
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Cramer doesn't dump stocks because the prices go down. Cramer says sell when the fundamentals are bad, which is a difference. He routinely recommends stocks that are down. And he still sells the stock himself after he puts out a sell recommendation, but he waits one week, the same as when he recommends buying (which has both pros and cons).
Again, though, he doesn't own personal stocks, so where is the motive?
He got it wrong. Big whoop. LOTS of people did. Not just Cramer.
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DISCLAIMER: I don't know that much about the markets, let alone Cramer.
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I'm not trying to insult you here, but it really shows. IMO, if you're going to do as much bashing about something as you are, you should probably do some homework on it. It doesn't bother me at all if you come to a different conclusion than me, but you could at least educate yourself about it before you do.