Who thinks that?
As I said in the other post, no one who is actually in the investment business takes Cramer seriously.
If the retail investor/speculator who actually watches CNBC makes that mistake, that's their fault - if Cramer weren't around, they'd find other ways to lose their money, like tip sheets and stock forums.
Quote:
Originally Posted by TerryH
The other is supposed to know business, investing, and money management.
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I'm not saying Cramer knows nothing. I think he actually knows a lot, I gather he was a capable hedge fund manager back when, and you can tell he still thinks like a hedgie. But the premise of his show - that one guy can "call" every aspect of the market, from macroeconomics to policy to sectors to whatever stock viewers call him about - is impossible. No one could do it, even if they were backed by a big team of the best analysts with all the resources. Only very, very naive people could think otherwise.