I am reviewing some ancient videos I did years ago. Jimmy's still on TV, millions of people still follow him. Why? I don't get it.
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6 comments:
People listen to Cramer for the same reason they listen to Limbaugh. Entertainment. They both know how to engage the audience, tell them things they want to hear, and make their show entertaining to watch/listen to. If you investigate or analyze the substance of what is being said you will be disappointed. Notice on Cramers show its all mega booyahs and no one ever calls in to take him to task over his bs analysis. Thats called effective call screening. Its not because everyone agrees with him. Same with the ditto heads.
Have you noticed, it is better than the alternatives...don't think of it as investing advice, it is 100% showmanship entertainment..better than a carnival.
There are many paths, and you will meet many travelers. Cramer is entertaining, and I suspect more people have learned more from him than anyone else.
I remember watching PBS's, 'Wall Street Week, with Louis Rukeyser'. Yeah, me and five others.
Anyway, anyhow the masses power up on economics is fine with me.
Cramer gives good insight into how wall street parasites think. His books are a $1 in the thrift store and are entertaining to see how these gamblers work.
Yeah he’s a major bozo…but I will always be grateful for the time I un-muted the tube to hear him touting energy MLP’s, specifically Kinder Morgan and Linn, during the crash. Never heard of them before that. Picked them up and have been collecting a 10% and 20% div ever since.
One answer may be that you don't play stocks, you play against other investors, paraphrasing Bond said to Moneypenny about his upcoming card game in Montenegro in Casino Royale. Under that logic following the investing "news", from Cramer to the infobabes on MSNBC, to ZeroHedge, and beyond....gives some kind of read on what other players are thinking/doing. Or, chalk it up to a central observation of the field called social psychology: Individuals are wracked by uncertainty and look around them to see what others are doing, to help reduce anxiety about their own choices. What Cramer thinks may be a proxy for what other investors are doing...or a great counterexample to not follow....
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