That being said, if you followed this clown’s advice and got burned - It's really hard to feel sorry for you. Sound investing is about making unemotional decisions based on long boring research.
I recommend watching Jim Cramer's appearance on 'The Daily Show' here. It is a great example of the Left eating itself and it is hard to argue when Jon Stewart explains how he is at least a more honest ‘snake oil’ salesman than Cramer. When Stewart tells Cramer that investing is not a game -the crap really hits the fan.
Wait, did I say, “…a great example of the Left eating its self”?
Indeed, I did! If you think that a populist (Stewart) was standing up for the 'little guy' against a typical example of an evil capitalist (Cramer)...you would be dead wrong.
The truth is, Jim Cramer was not the target Stewart and others thought him to be. In one of those ‘under the radar’ things, we found out exactly who this big mouth stock picker really is.
Two months after Jon Stewart humiliated him in front of the world, Cramer appeared in the '10 Questions' feature in Time magazine (read/listen here). Question four asked if posterity would look back on the “financial innovations of the last several decades with regret". Do you know what this supposed arch-capitalist said? He said, "the only guy who really called this right was Karl Marx. Marx understood what would happen if you let the market run amok."
Flabbergasting! This is worse than any horrible stock call Cramer ever made! Karl Marx, who not only lived during a time when the markets, as we know them, either didn't exist or were barely developing, called 'this' right? Karl Marx, who lived during a time when the Hapsburg's and Romanov's ruled, called 'this' right?
Cramer completely drops sail for kook-land when he continues, "Of, course, it was done by right-wing Republicans. They brought our nations to our knees..."
RIGHT-WING REPUBLICANS?! Well, Jon Stewart thinks it was people like YOU, Jim Cramer - Which is kind of funny because normally Jon Stewart is saying stuff like that about Republicans. (Is your head spinning yet?)
Such is life in the media playground of the Left. You never know when it will turn on you to serve its own purpose. Jim Cramer appeared to be an arch-capitalist villain who left The Daily Show with his tail between his legs, but maybe he was always just a delusional Liberal or just delusional. Maybe when he saw how quick a big dog like Stewart could crush him, the Time article was a way to beg for his career back and declare his allegiance to the powerful Left. Who knows? One thing is certain - for God’s sake don’t get stock tips from a Marxist. What's next, a mediocre comedian becoming a senator? Oops, too late...