For anyone that defends Cramer.....

Then again, maybe I'm selling 'Ol Jimmy short...

On March 13 and March 14, Faber told CNBC viewers that a hedge fund manager – “a friend” whom he “trusts” – told him that Goldman Sachs had refused to accept Bear Stearn’s credit. This information was false. It was a deliberate, malicious rumor delivered to a friendly journalist in order to destroy Bear Stearns.

Find out who Faber’s hedge fund friend is. Case solved.

This would not be the first time that Faber reported misinformation in service to a hedge fund friend. He used to do it for Jim Cramer, back before Cramer became CNBC’s leading “journalist” – back when Cramer was running his own hedge fund. A former employee of Cramer’s hedge fund has written a book, “Trading with the Enemy,” in which he describes Cramer feeding Faber tips and illegally trading ahead of Faber’s reports on CNBC.

It is no small coincidence that a clique of journalists connected to Cramer regularly write false or misleading hatchet jobs on companies targeted by short-sellers connected to Cramer. And it is no coincidence that these same hedge funds have deliberately and maliciously sought to destroy dozens of public companies and people’s lives by circulating rumors, issuing bogus “independent financial research,” clogging Internet message boards with false information, filing bogus class-action lawsuits, getting the SEC and other government agencies to conduct dead-end investigations, and hiring convicted felons to harass CEOs. (And that’s not all; see “The Story of Deep Capture” for the gory details.)

It is also worth noting that in almost all of the companies targeted by these people, somebody has sold massive amounts of phantom stock to further drive down prices. Two companies targeted by these people are Lehman Brothers and Bear Stearns. Both have been victimized by phantom stock sellers.

We’d say somebody should investigate this. But that would be crazy

 

Cramer made the bulk of his money in the Nasdaq stock bubble when you could throw a dart and make money. From what I have read in Cramers own book his wife is the real Trader, she has cajone's and saved Cramers ass several times.

Cramer is waaay too emotional to be a good trader.

 

Thanks for confirming that this douchebag made his money through a combination of:

a) the tech bubble
b) cronyism (first time I miss-spelled it cornholeism, but hey, that too)
c) the talents of other people (his wife, LOL)

This information is very consistent with my impression of him.

I would never sit through a whole session of his show, and anyone who takes him seriously are just calfs being fattend for the kill.

I honestly can't believe how gullible and stupid some people are, but hey, there you go.

 

His book Confessions of Street Addict confirms this ... she saved his bacon more than once.

He seems to trade on rumor and a smattering of fundamental analysis. This probably works ok during bull markets .. he doesn't seem to know what a chart is and he probably rejects most technical analysis.

He was a journalism/political science major at Harvard which puts him in there with Steve Leisman.

 

The fairly-new mid-day guy (Dennis Kneale) is even worse. His recommendation for bear mkts? Don't look at your account balance.

Interesting that CNBC allows/endorses that approach ...

R

 

Just like casinos. If you're in th e business of blowing up your customers, you need fresh meat.

 

that guy dennis kneal is a fag and has been bullish all the way down. what an idiot and he is on a financial network. Kudlow is another idiot;the guy is smart but is clueless when it comes to investing. buy and stock and average down because we have a great economy! yeah right; tell that to enron, gm, or bear stearns
shareholders.

 

I just watched that Kneale on today show "debating" executive pay, and he is just a sad tool. I read his bio on cnbc and I don't believe a word of it. Not only was he defending his position poorly, but he comes off like a school kid. Not sure how he got as far as he has, but the previous poster may have hit it on the head, and there maybe a alot of alternative lifestyle players at Forbes, WSJ, and CNBC.
Too fired up after hearing the clown defend guys who blow up their companies and aid in the destroying of the economy, and then walk away with monster packages.

 

i know gay traders, and there are none as stupid as kneale. brains has nothing to do with sexuality.

he's just the worst idiot, and as i've emailed cnbc, when he's on, i turn cnbc off.

 

cnbc from 11-2pm est...is unwatchable...trish regan in the first hour is numbnuts then denis neil and sue herrera and the scream fest with guests duking out their counter points.

Just switch to bloomberg-its calm and mellow and you get the info you need without the stupid talk and midless speculation/banter...