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Wow I agree with Cramer

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April 10, 2012 – Comments (6) | RELATED TICKERS: CR , AME , R

I caught his opening skit tonight mainly out of curiosity and I actually found myself agreeing with him.  What amused me was the fact that he was talking as an investor instead of a trader finally.  He was talking about value for a change.  He was advising people to ignore the noise and look at fundamentals for a change.

I don't look to time tops and bottoms.  Mainly because I suck at timing.  I look at companies I like and want to own and invest in over the years.  I lean toward those with yield.  Every month I BUY something with my income stream. I try to pick a down day.  Every month my income stream grows.  I do monitor my holdings to make sure the thesis for buying them are still intact and will adjust accordingly.

I got tired of all the "I am calling a top " blogs this year especially since they have been proven wrong. I really hate the negative nancys and have called many out on this site over the years.  The average Joe has been pretty much chased out of this market.  If the crash of Fall '08 didn't make you nervous, certainly the capitulation in early '09 did.  And then there was the obscene volatility of much of last year.  The SEC certainly doesn't care with all the mouse of chairmen appointed during the years including the current one.

Yeah the game is rigged.  We allow high frequency trading.  We allow nakid shorting.  We allow double and triple ETFs.  We abandoned the uptick rule.  We repealed Glass-Steagall.  We did all this ignoring what it really should be all about.  It should be about investing.

Cramer is finally preaching it.  Will the powers that be protect the "concept" time will tell.

 

6 Comments – Post Your Own

#1) On April 10, 2012 at 9:43 AM, Valyooo (99.41) wrote:

See, I think you were just misunderstanding him before now.  He wasn't acting like a trader because he likes to trade.  He was acting like a trader before because fundamentals did not seem to matter...everything moved together.  Now good stocks go up and bad ones go down.  He is just trying to find what is working and make money off of it.

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#2) On April 11, 2012 at 12:55 AM, VExplorer (29.66) wrote:

pathetic speech. all it should be about making profit. otherwise, call it charity

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#3) On April 11, 2012 at 2:08 AM, awallejr (81.55) wrote:

I am not so sure about misunderstadning him, most people would get whiplash from his churning. He was acting like a trader because that is what he was.  Where was he in summer of '08?  He didn't warn people about any impending crash.  He told people to buy, buy, buy.  And in October when he alleges he told people to sell,  no he didn't, he told people to put into cash what they needed to live on for five years, the exact wrong thing to suggest.  And at the bottom of March '09 it was Doug Kass who called a bottom, not Cramer although now he says it was him.

The guy can be funny, I admit that.  But there is nothing funny about losing money.  He has knowledge, but no one can know everything about every stock, which he tries to profess.

I have no idea what he will tell people to do a month from now, but right now he is at least making the right argument, one I have been making since I came to this site, INVEST.  Leave the trading to the traders.

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#4) On April 13, 2012 at 12:07 AM, Valyooo (99.41) wrote:

Investing due to fundamentals did not work for the last few years.  Japanese earth quake and retail gets crushed, middle east protest and chip makers go down, european banking crisis and food stocks go down...everything traded like everything else, just with leverage.  hence the trading

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#5) On April 13, 2012 at 12:07 AM, Valyooo (99.41) wrote:

Cramer is trying to help you make money, who cares if you label it investing or trading...idk why there is such a holier than thou vibe around investing.  Also, he does not marry stocks, which many "investors" do

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#6) On April 13, 2012 at 12:28 AM, awallejr (81.55) wrote:

Except those events created buying opportunities.  I've been telling people to buy since '09 and take advantage of corrections, except people get scared of them, fearing that the market might drop 8K points because it did once, despite the fact that the current situation is not like the past situation.

Do not delude yourself about Cramer.  There is no nobility in him.  He is trying to sell you his books and his newsletter service.  It is easy to do in a bull market, and very hard in a bear market.  During the bear market of '08-'09 he gave you little help and probably cost you a ton of money if you listened to him.

It isn't about marrying a stock, it is about investing in companies you like and think will prosper.  Tonight he finally used the word "invest" (I am convinced he reads my blogs since the next day he uses trigger terms I use the night before ;p).

The average investor simply cannot trade.  They don't have the time to watch computer screens 12 hours a day.  You invest in companies on a specific thesis.  When that thesis changes then your investment needs to be re-evaluated. Yes if you had the benefit of hindsight and trade off a stocks' high and low during a given year you will make a ton of money, but you don't.

I like owning things.  I love MLPs.  I love getting yearly reports showing pictures of all that infrastructure that I actually own.  BBEP, PVR, MMLP, BWP.  I keep buying their stock because I want to keep investing in those companies.  In the end that is what it really should be about.  As I said, investing.

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