He's a Maniac...

Stories

9 Stories

October 2008
- Cratering Dow Sinks Cramer Cred (but Doubles Ratings)
  
  New York Times | Oct 20, 08 9:14 AM CDT
  
  (Newser) - Jim Cramer was long Wall Street’s most reliable cheerleader, psyching up investors on his high-octane CNBC show. He’s insisted several times this year that the worst was over—only to tell viewers this month to forsake stocks entirely. “It is harder to get it right than any time I have seen in my career,” he tells New York Times media columnist David Carr. More »
- Cramer: I Was Being Responsible!
  
  YouTube | Oct 7, 08 1:54 PM CDT
  
  (Newser) - Jim Cramer returned to NBC's Today Show to dismiss viewer attacks that he yelled "fire in a crowded building" by advising they pull out of Wall Street any money they need in the short term. "What happens if there is one raging?" he retorted. The "innate optimist," who maintains that the "stock market is a good place," adds that he is "not so arrogant" to think he caused yesterday's plunge. More »
- Sell Those Stocks! Banks Are Better: Cramer
  
  TheStreet | Oct 6, 08 8:30 PM CDT
  
  (Newser) - The stock market is no place to keep a dollar these days, warned hollering financial guru Jim Cramer today on Mad Money . Another depression is possible and energy woes are likely, he said, so the smart investor will free up money needed in the next 5 years by selling stock. Tuck that cash away in FDIC-insured banks accounts, and only keep the stocks that are still safe. More »
September 2008
- You 'Can't Afford Not to Own Gold'
  
  TheStreet | Sep 22, 08 8:35 PM CDT
  
  (Newser) - Investors simply "must own gold" in financially shaky times like these, Jim Cramer said on his Mad Money TV show today—after gold spiked 16% in the last week and topped $900 an ounce. Cramer called gold a safe haven regardless of whether Treasury Secretary Henry Paulson's $700 billion bailout plan works, Scott Rutt reports on TheStreet.com. More »
- After Meltdown, 'Safe Will Be the New Sexy': Cramer
  
  New York | Sep 22, 08 11:06 AM CDT
  
  (Newser) - A new era has arrived on Wall Street, with the big investment firms falling, James Cramer writes in New York , and traditional banks with large deposit bases looking like the smartest option all along. “We’ll see a more chaste culture emerge from all of this, on Wall Street, and perhaps beyond,” he writes. “Caution will be the new daring. Safe will be the new sexy.” More »
- Housing Will Bottom June 30, 2009: Cramer
  
  New York | Sep 8, 08 2:29 PM CDT
  
  (Newser) - Jim Cramer has spent over a year “shouting in my usual unhinged way” about the bleak real estate market, he writes in New York. But now he’s so confident housing’s headed for a bottom that he’ll name the exact date: June 30, 2009. Why? New home construction has fallen spectacularly, and "by next June we won’t be building enough homes to accommodate demand." Congress has authorized $300 billion in FHA loans. Foreclosures and supply will both nosedive as a result. More »
- Fannie, Freddie Deal Will 'Stem the Mess'
  
  TheStreet | Sep 6, 08 6:42 PM CDT
  
  (Newser) - Jim Cramer predicts that a lot of people will whine about the federal takeover of Fannie Mae and Freddie Mac—especially those shorting them—and say it won't help. But they're dead wrong, Cramer writes on TheStreet.com: it's going to turn housing around and bring the rest of the economy with it. “Put simply, there will be no reason to foreclose” once Treasury gets involved. More »
March 2008
- Cramer: the Bear Has Been Tamed
  
  New York | Mar 21, 08 11:11 AM CDT
  
  (Newser) - We've hit bottom, Jim Cramer proclaims. Bear Stearns' collapse may have been apocalyptic in scale, but it at least woke up a complacent Fed and Treasury secretary, the bombastic market guru writes in New York today. “We’ve been through dozens of false bottoms,” he says, but now Bernanke and Paulson are “basically saying they will do anything to save the system.” More »
August 2007
- And He's Not Going to Take It Anymore
  
  Gawker | Aug 7, 07 10:45 AM CDT
  
  (Newser) - In YouTube's most watched video today, CNBC's Jim Cramer blasts Fed chairman Ben Bernanke for signaling that he won't cut interest rates, calling the present stay-the-course market situation "Armageddon." As his dumbfounded interlocutor looks on, the "Mad Money" host pounds the table and thunders that the "Fed is asleep!" More »