Posted on 04/17/2009 12:28:54 PM PDT by FromLori
Video at site
CNBC had Dan Solin, the author of The Smartest 401k Book You'll Ever Read on as a guest today. After the host asked him what people could do better to save for retirement, Solin answered:
"One of the things that you could do is to give us more 'In Bogle we Trust' and much less 'In Cramer we Trust'."
Moments later, Cramer barged on to the set to respond.
"The S&P is flat literally for ten years. That's Jon Bogle's world. If you were to sell at 11,000 like I told you in September, 10,000 like I told you in December, and then get back in at 6,500, who wins? Is that so bad? Is that worth not trusting in? I've had it with the people who tell me about the index fund. For ten years they've done nothing! For ten years! When do they get called on the carpet? When are they ever wrong? Do we have to wait another ten years? Enough of this! I've said my piece. Happy 20th!"
(Excerpt) Read more at businessinsider.com ...
LOL <— although I feel kind of sorry for Kramer.
Cramer says if we only had listened to two of his market predictions we’d be better off. ROTFLMAO. What about the other 15-20 calls you made in-between those two that were WRONG!!!
He said Bear Stearns was solid a week or less before they tanked?
He’s on the express train to the looney house.
Yup, just like do the opposite of whatever Paul Krugman says to do.
I know lol he advised everyone last year right before the crash to buy stocks and of course cramers charitable fund owns many of them..
http://bluelori.blogspot.com/2009/04/following-jim-cramers-advice-may-leave.html
Cramer would do better with a dart board. He is a whack job who has lost a lot of people a lot of money.
Yes, and he also declared the bear market over more than once on the way down.
Cramer’s charitable trust owns JPMorgan Chase and Wells Fargo.
Questions for Cramer? madmoney@cnbc.com
http://www.cnbc.com/id/30141252
He said Bear Stearns accounts were solid then.
I have little use for Cramer, but the context of the statement was the safety of money residing in such accounts, which are backed by the SIPC insurance program.
I like Cramer.
I agree with your statement completely.
What's with NO MANNERS, CRAMER????
LOUD and RUDE is his schtick.
My broker sold my Bear Stearns and put it into AIG instead. After that, I took him off speed-dial.
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