Quote:
Originally Posted by shakran
If it's self evident that cnbc is full of shit, then why are people still watching it? .
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Jim Cramer is a marketing genius who happens to be in the "stock market game". He made a ton of money managing his hedge fund at a time when there was clear market manipulation by some hedge managers, I do not know if he was one. And, he made his money in the 90's, when it was pretty easy to make money in the stock market. When people with a special ability to make "honest" money turns his back on that and now makes his money on TV, selling books, Website, etc., you have to wonder why? People watch, including me, because he is entertaining. People who watch him because they believe the hype, will get burned. And actually, his number one rule is "do your homework". He understands what he does.