OMG!

[LordShiva]

I'm glad I don't own any of that garbage

http://finance.google.com/finance?q=NYSE:BSC

[SlowwHand]

It's ok, if you're into roller coasters.

[Aeson]

It won't be the only one...

[LordShiva]

Monday should be interesting.

[Wiglaf]

It's a good thing Jim Cramer recommended holding onto their stock less than a week ago

[LordShiva]

[Tattila the Hun]

That man shouts alot, therefore, he is believeable.

[Riesstiu IV]

How did that neurotic guy even get a show. It's not even watchable. Between Cramer's incoherent screaming, his bashing random sound board audio effects every thirty seconds, and frequent "Boo yeahs" made by moronic callers there is probably 10 minutes of actual advice.

[Tattila the Hun]

I would like to see some data, whether his advice has actually been good, all 10 minutes of it.

[Wiglaf]

There is a nice catalog on Wikipedia of some of his missed calls

3/11/08: Finally, Cramer read some viewer emails. The first email asked why Textron (TXT) has dropped so much, and Cramer said that he likes this stock because it has a good mix of military and industrial customers. The next email thanked Cramer for staying on top of the XM (XMSR) - Sirius (SIRI) merger and fighting the NAB and other entities holding up the deal. The last emailer asked if he should sell Bear Stearns (BSC), and Cramer said no way.

[LordShiva]

[Aeson]

He's probably shorting into his picks and getting richer.

[Colon™]

Oh, dig through various archives and you come across all kinds of fun stuff. Picked from a random date (September 15th 2004), Stephen L Jen at GEF (Morgan Stanley's economic opinions page):

The dollar is likely to surprise most investors. We have just completed our quarterly forecast revision and reaffirm our out-of-consensus structural USD view. The dominant view in the market remains overwhelmingly USD bearish short- and medium-term, but we believe the USD index has bottomed, and will gradually reassert itself in the quarters ahead, particularly against GBP, AUD, EUR, and JPY.

Granted, this isn't entirely outlandish, since the USD did bottom out the next few months and did recover afterwards. It's just that the USD resumed on a far more serious slide afterwards and is currently experiencing (much) greater depths vs those 4 currencies (which isn't something he didn't predict).

I don’t see the US as another Japan. There are indeed some similarities, but there are critical differences: the US does not have a nation-wide property bubble and the banking system is not exposed to such a big risk of default on mortgages.

Granted, he may be right the US is not another Japan, but his 2 main arguments aren't generating a lot of confidence.

A global slowdown is not necessarily USD negative. Specifically, if Asia is indeed decelerating, it would be extremely unlikely that the Ministry of Finance in Japan permits a significant USD/JPY sell off. Similarly, it has always been very unlikely that Beijing revalues the RMB. But it would be virtually impossible if China does decelerate more sharply. If the USD cannot weaken against the currencies of two of the countries against which it runs the largest trade imbalances, I’m not sure the USD can weaken at all.

Granted, he may be right a global slowdown isn't necessarily USD negative. It's just that it hasn't transpired yet. Wrong on the USD/JPY and the USD/RMB count.

We expect the undershoot in the USD index to be modest in magnitude, despite history suggesting otherwise. The USD correction has come mainly against only a handful of currencies, and in my view, the USD index cannot significant undershoot because the pressures would prove to be too severe for these few countries.

Why on earth would anyone try to predict that an undershoot will remain limited if it by definition isn't based on economic fundamentals? Wrong on the too much pressure count (so far).

[DaShi]

Happy Birthday!

[LordShiva]

Anyway, since teh link in teh OP will be something different tomorrow, here's a screenshot.