19 replies to this topic

[briarberry]

They have yanked it off youtube but you can still hear 4 Cramer clips at Philsgang.com

looks like someone put it back on


Jim Cramer on Market Manipulation

Added March 23, 2007

[snorkels4]

HAS THIS BEEN AIRED ON THE NETWORKS OR BLOOMBERG FOR EVERYONE TO SEE. ITS REAL NEWS AND QUITE EXTRAORDINARY. CRAMER , UUGH

[da_cheif]

As money-manager-cum-TV-personality James Cramer was apologizing Thursday for parts of his recent treatise on how to manipulate stock prices, his nemesis, stock-analyst-cum-writer Henry Blodget, was tapping out a column for Slate suggesting that Mr. Cramer may have destroyed his own career.

Mr. Cramer, in a video clip of the show “Wall Street Confidential” that was posted at TheStreet.com last December and has circulated around the Net, seems to be endorsing possibly illegal stock manipulation, saying it is easy to get away with because “the Securities and Exchange Commission doesn’t get it.”

For those already predisposed to believe that hedge funds engage in shady practices, the interview seemed to confirm their worst suspicions. For many in the hedge fund business, Mr. Cramer seemed to smear an entire industry unfairly.

Mr. Cramer said he had used some of the tactics himself, including lying to “bozo” reporters to get them to report misinformation on particular stocks. He singled out CNBC’s Bob Pisani. He separated legal activities from illegal ones (such as “fomenting”), and never quite says he ever took part in the latter.

The New York Post reported on the clip this week. On Thursday, Mr. Cramer called in to the Imus in the Morning radio show to say he should have been “more clear” and that “you can’t be as glib, because people will interpret this as being that you’re a bad guy.”

He apologized outright for his remarks about Mr. Pisani. “He deserved better from me. He’s one of the best. And you know, sometimes I screw up. I screwed up in saying that stuff about him.” Mr. Cramer’s show, “Mad Money,” airs on CNBC.

But he also lashed out at the Post for reporting on the clip, as well as its parent company, News Corporation, which also owns Fox News. “I think most of the discipline is coming from organizations that have kind of an edge against maybe CNBC, maybe of the FOX venue, the “New York Post venue,” he said. “It’s almost as if they’re about to launch their own business channel.” Fox has a news business-news cable channel in the works.

In a long examination of the clip, Mr. Blodget — who has been barred from the securities industry for life as part of a settlement over his stock research — predicts that Mr. Cramer’s career might be over. “Can CNBC really say nothing when one of its most visible employees urges investors to use the network to engage in behavior that is questionable to say the least?” he asked.

Mr. Blodget concludes:

It is certainly possible that the whole thing will pass: Cramer has been very effective at stifling or weathering critics. It is also possible, however, that Jim Cramer has committed professional suicide.

blogs.nytimes.com/

[Russ]

Hank, I did not mean you I meant Cramer, the man blew a fuse, essentially admitting to criminal behaviour of manipulating markets on a public video.

Just stating an Opinion

Hank

geez

Loose lips sink ships.

[LeroyB3]

His show is a sign of a top. Not to single him out, but most of these shows will disappear
this year

Nope....in this bull market, the true sign of a probable top will be when this kind of "reality" show is made available on NBC at 8 pm (7 Central), and not on a seldom watched station such as CNBC.

Fib

why? even in the mania in '99-'00 that never occurred even in shows on 'old tech tv' (tried and proven)..so why expect it now?

Actually, I do remember there were two dramas involving the stock market that were started at the top of the previous bull market. I don't remember their names though...they didn't last long.

Best,

LB

[securelstmile]

why? even in the mania in '99-'00 that never occurred even in shows on 'old tech tv' (tried and proven)..so why expect it now?

Because in that time period we had a bear market rally which included secondary stocks that had no business doing what they were doing.

Quite a different animal today with the primaries leading the way.

I'm still waiting for Hedge Mund Manager Idol.

Have you checked out the little contest that CNBC is promoting right now?

Just a precursor of things to come.

Fib

And a repeal or major changes to Sarbanes Oxley.

The public sentiment moves in waves from fear to greed. With almost no time spent in equilibrium.

I still think we could get a thrashing in the next few weeks and or next fall but those should be bull market corrections and not bear markets. IMHO

[calmcookie]

Cramer was last spotted shaving his head in a frantic attempt to avoid drug testing ... or was it because his hair extentions "hurt so much?" ... not sure ... (and you thought he was BALD). But when he gets out of rehab, he'll stop wacking unsuspecting National Inquirer photograpers with his umbrella and might even get back with Karen Hedge Fund Federline Unless his true love is Justina Wood-River ... or is that Timberlake? What a life.

Edited by calmcookie, 25 March 2007 - 02:14 PM.

[SemiBizz]

Oh but Cramer is above prosecution, after all he went to school with Steve Ballmer and Stuart Spitzer. Although it's plain to see that his behavior is at least on a par with the criminal activity of Ken Lay and his cronies at Enron, he thinks he'll never be prosecuted for it because he's buddies with the enforcers... And he is so sure of his immunity that he did that (normally) incriminating interview... and proudly rubbed it in our faces...

[J.Bilkins]

They have yanked it off youtube but you can still hear 4 Cramer clips at Philsgang.com

looks like someone put it back on


Jim Cramer on Market Manipulation

Added March 23, 2007

The Jon Stewart show had a hilarious skit on youtube and posting etc. a must see.......that kid with the pictures etc. Forgot his name. He is a comedian who uses drawing props etc.

It was directly related to reposting material under funny names like hellboy69 etc.....wish I could post it or buy the clip to post....

There is some crazy Jim Cramer related posts on youtube. The crazies have already started making fake ones etc.....one was horrible to watch but realistic......it realtes to hedge fund schoolies on the weekend.

[skyymaster]

This is just another ploy to get more business at his site and have CNBC ratings go to the sky.