(06-17-2022, 03:40 PM)fenders53 Wrote:

(06-17-2022, 08:37 AM)crimsonghost747 Wrote:

(06-16-2022, 09:02 PM)Mr1share Wrote:

(06-16-2022, 07:53 PM)ken-do-nim Wrote: I just came across a Jim Cramer interview from March 25th titled, "The bear market is over".

Dude is the dumbest' person on the planet. 

Counter argument:
He earns his income by getting people to watch. He gets paid regardless of how right or wrong he is, the thing that matters is how many people tune in. That is what his employer cares about, and I bet his compensation package also has some perks based on the average # of viewers.

So he is actually pretty good at doing what he needs to do, which is to get people to watch. Anyone who takes his advice is clearly a lot dumber than he is. 

Definitely not dumb.  He knows how financial markets work like few others.  I have learned a lot from him over the years.  In his prime he knew 1000 tickers, and could at least give you their approximate business.  When the internet was young he was fun.  He would crash message boards and spaz out on his haters.  It was hilarious.  He is just an entertainer at the end of it all.   

All that said, the investing world would be better off if he didn't offer 50 stock picks a week.  Many people act on them.  One of the biggest problems is while he might give reasonable guidance on a stock, if the story changes significantly a week later, he likely isn't giving an update.  I guess if you don't do your own research you get what you get, but I am sure he influences new investors way too much.  He has made me aware of some excellent companies, but no way I am not doing my DD first.

(06-21-2022, 06:40 PM)NilesMike Wrote: I thought Cramer's 1st wife Karen was the brains behind the hedge fund's success?

(06-21-2022, 02:18 PM)divmenow Wrote: Who’s buying META at $156?

(06-21-2022, 02:18 PM)divmenow Wrote: Who’s buying META at $156?

(06-22-2022, 07:23 AM)cemanuel Wrote:

(06-21-2022, 02:18 PM)divmenow Wrote: Who’s buying META at $156?

I bought $10k at $200 - complete speculative buy. Based on financials it was cheap, cheap, cheap - obviously it's even cheaper on that basis at $156.

Now here's the big news but it's too early for me to have a sense of what it means: https://www.justice.gov/opa/pr/justice-department-secures-groundbreaking-settlement-agreement-meta-platforms-formerly-known

A positive? Probably - but hard to say for sure until impacts on advertising revenues show up, particularly if they have to apply similar standards to other areas. But for some time now, every time buying it comes up I've pointed at the upcoming DOJ lawsuit as something people darn well better be aware of. 

Anyway, I still consider it speculative and $10k is all I want of any of those. If I held it in a taxable account I could play the tax loss game but it's in my IRA.