CNBC should retire Cramer
Jim Cramer is completely washed up and is an embarrassment to CNBC, the investment community and anyone trying to provide legitimate coverage of the markets.
He has been dead wrong on some of the most impactful calls in the last 20 years. He was back on last night, without shame, trying to give his opinion on the situation. It’s just embarrassing.
CNBC anchors should demand something here - resignation, full mea culpa, something - What do you guys think?
I used to laugh at the guy but at this point I think it’s just very wrong of cnbc to allow him to have a platform.
I used to somewhat enjoy his commentary back in the day. But he has recommended buying so much garbage in recent years (and before that also) that he has become a joke. When he is on cnbc at 9am he just ruins the show with his incoherent stream of consciousness rambling commentary. When he demanded the military be used to go door to door to forcibly vaccinate ppl, I was completely out on him and I now turn off the TV if he comes on. Absolute clown.
Similar to how my thoughts evolved on him over time. Now it’s just nails on the chalkboard. I didn’t know that part about his vaccine commentary, ridiculous.
I get the feeling many on CNBC just want him to go away or be quiet. He is a nuisance.
he just says that whatever is rising is a buy and whatever is falling is a sell. except for obvious pump and dumps like GME and AMC.
he's not an expert at all. I don't understand why anybody watches him or pays him money for any sort of advice.
They don't pay him to be right. They pay him to keep eyes on the screen for advertisers. All the social media circlejerking about how bad he is just puts more focus and attention on him.
Guy is a good mine for views - he is the Skip Bayliss of finance.
Has, and will always be, a snake oil salesman. All he does is pump the dogshit held by the "Cramer Foundation."
If he was self aware and had a sense of humor, he’d turn heel, lean into his walking joke status, and churn out some content for a finance meme social media page then hang it up and ride into the sunset
completely agree. CNBC basically facilitates in newbie gullible retail investors losing their money.
Does he do a DCF on each name ?
hope you're joking, but no lmao
If you count doing a line and yelling at his wife as a DCF, then sure
Bro have you ever heard of the Inverse Cramer ETF? No joke, I haven't seriously looked into it but I wonder if anyone has ever backtested it. If anyone has, lmk! Lol
CNBC, at its core, is a media platform that depends on viewership for revenue. Cramer, as wrong as he is, is similar to Skip or Shannon Sharpe in that he's paid to be controversial, not right. How many people are watching Cramer everyday just to crow on him?
They don't care if he's right and it doesn't affect their reputation since he is not a reporter or anchor. He's filler.
I'm sure Cramer knows he's shilling absolutely shitty products, but why would he care when CNBC is basically paying him millions to bring viewers?
They just renewed his contract back in summer of 2022. Along with increasing his budget for more infrastructure/marketing outreach.
He's not "fucking" (insert wows gilf) leaving!
I read his first book and used to watch his show when he first started out and ofcourse there is the famous video of how hedge fund guys (before HFT) could move the market their way. But this is the evolution of CNBC they are barely a news service anymore like when MTV stopped showing music videos.
That all said, on his show way back in the day he would talk about things "he wanted to talk about" now his job is clearly to talk about what WSB/twitter want that day, people keep saying his calls were horrible but its the same effect as being on the cover of Barrons. Just be glad they do not have Chamath on every morning.
He’s just an investment personality
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