I'm not much of a Cramer fan myself, mainly because I believe that a lot of people will end up losing money by following his advice. Is his advice bad? Not necessarily, but as Adam has pointed out, he never delivers it in the context of a coherent system. My take on Cramer is that his method of trading and investing is very instinctive. While it may work for him, it can be disaster for amateur traders riding his coattails.

I subscribe to RealMoney.com (mainly to read Doug Kass), and I always get a dose of Cramer. What confounds me is how is commentary is so contradictory. In the last few days he has gone from telling us (1) how the Fed has - and will continue to - save the markets and has crushed the bears to (2) to buy the homebuilders (I'm not making this up) when the Fed cuts the Fed Funds rate to (3) questioning how the homebuilders are paying dividends when their industry is so toxic to (4) advising not to go anywhere near the homebuilders or mortgage lenders to (5) saying how upside moves can't be trusted and further selloffs are just a rumor or news item away to (6) claiming that the bulls have now extinguished the bears. I'm all for being nimble enough to change your mind when the market tells you you're wrong, but this is ridiculous.

The guy really must be genius to be getting such great ratings with commentary like that. Stick with "Fast Money". Those guys really do know what they're talking about. Just make sure to make your own trading decisions. It may be the long way around, but sometimes that's just fine.

I agree with you 100% on this. What Mr. Cramer does is nothing more in my opinion pump his books and his stock trading service (thestreet). The smart investors and traders are not watching his show. The ones that do watch are most likely novices in investing and trading. And for Mr. Cramer to completely ignore risk management (placing stops loss, sell when major trend lines break, etc) is actuallt hurting his viewers more. Mr. Cramer has stated on his show that he thinks technical analysis is voodoo. If he were indeed a hedge fund maganger in his early years then he must understand the important aspects of "reading the charts". So why no does he ignore technical analysis? Perhaps because the charts would disprove his stock picks.

A smart trader first learns how to preserve capital, only then can the trader make money. Mr. Cramer would seem to not be able to do either!

rebeltraders.net

I used to be a Cramer fan, until I realized that Cramer could not possibly make me , or anyone else ,any money in any market save a secular bull market, and I'm being kind ! To buy, and to back the truck up every time the stock goes down is a surefire way to lose a large amount of money, and I find that it's irresponsible of him to liberally dispense this kind of advice, especially to market novices. Traders who have been around the block a couple of times, know the importance of keeping the losses small, and letting the profits run until a favorite indicator, which ever-one works for you ,mandates that you end the trade. I have found that Adam and the marketclub trading philosophy is simple and honest, and it works……keep up the good work guys !!! Frank

Frank,

Your comments are noted and appreciated.

Adam