logo
  Join        Login             Stock Quote

Cramer Entertains But Does He Enlighten Investors?

 April 12, 2012 09:55 AM
 


Author: John Gerard Lewis, Gerard Wealth

Covestor model: Stable High Yield

Are you a "Home Gamer"?

Jim Cramer says you are. That's how the ubiquitous CNBC Pied Piper refers to his viewers. And it's not an altogether faulty label – Cramer is indeed urging them to play a game.

Many of the Home Gamers probably don't recognize it as playtime, because they think they're getting astute investment advice. They're spellbound by this whirling dervish who rattles off sophisticated jargon so fast that they can't decipher what he's saying even if they do understand the jargon (which many of the Home Gamers surely don't). But that actually makes him even more impressive, because for that talent alone he is clearly a financial genius - never mind the articulatory blur.

[Related -Sears Holdings Corp (SHLD): This Retailer Might Be The Worst Investment You Can Make Right Now]

Since so many people at home don't know what to do with their money, and this captivating maestro is right there on TV every night, then of course it makes sense to just kick back in the recliner after dinner and do what he says. A free, daily financial adviser, all from the comfort of home!

Jim Cramer and CNBC have turned the time-honored concept of prudent investment advice on its head.  Cramer, as he is simply known (like Cher or Madonna - and you might as well get your advice from them), expresses almost no regard for the tried and true tenets of personal investing. He's a former hedge fund manager, and he spews "advice" as if the Home Gamers are too.

[Related -Quick View: J.C. Penney Company, Inc. (JCP) & Kohl's Corporation (KSS)]

Proper counsel for individual investors commonly includes consideration for diversification, low transaction and carrying costs, and suitability as to age – all of which Cramer's guidance is bereft. His is irresponsible, agitated "McAdvice" and it's exactly the wrong way to advise individuals about investing their money.

Bill from Wisconsin, obviously an older man, calls in to Cramer's aptly titled "Mad Money" show and asks about Acco Brands (ABD). Mike in Utah, another older fellow, inquires about U.S. Silica Holdings  (SLCA). Debbie, a woman in Massachusetts, wants to know what he thinks about Mako Surgical (MAKO). Each gets a breathless answer best measured in nanoseconds.


Next Page >>123
iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageEstee Lauder Companies Inc. (EL) Q4 Earnings Preview: Options Player Betting On EL’s EPS Looking Pretty

Estee Lauder Companies Inc. (NYSE:EL) will release fiscal 2014 fourth quarter and full year financial read on...

article imageHerbalife Ltd. (HLF): 3 Reasons To Pay Attention to Recent Insider Buying

Well, well, well… it looks as if boardroom buyers viewed the recent selloff as an opportunity to buy. read on...

article imageApplied Materials, Inc. (AMAT) Q3 Earnings Preview: Marginally Better than Expected

Applied Materials, Inc.(NASDAQ:AMAT) will hold a webcast to discuss its third quarter of fiscal 2014 read on...

article imagePlug Power Inc. (PLUG) Q2 Earnings Preview: Guidance to Power PLUG’s Direction

Plug Power Inc. (NASDAQ:PLUG) will release the Company's 2014 second quarter results on August 14, 2014. read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.