Jim Cramer So Mad At People Who Can't Do Their Job Right |
| Published: October 27, 2008, 11:39 am |
| Tags: media, bear stearns, cnbc, fox business network, jim cramer, mad money |
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Oh Jim Cramer, so angry at hedge funders for playing the market stupidly and picking bad stocks and giving wrong advice: Jim Cramer, host of CNBC's Mad Money', told viewers yesterday that many hedge fund strategies have been dead wrong, such as the betting on a Chinese recovery after the Olympics, TheStreet.com, which Cramer co-founded, reports The result of hedge funds gone bad is forced selling, he said, and at around 2:45 p.m. each day, hedge funds begin preparing for the next day's round of redemptions by liquidating their ill-conceived positions. These funds are getting killed,' he claimed. The vociferous Cramer also blamed fund-to-fund managers for pressuring their underlying funds for immediate redemptions, forcing managers to think only for the short term. Um, except hasn't Jim Cramer been so incredibly wrong about the banks and everything these past couple months that the only thing still keeping him on CNBC is his good ratings? Even Fox Business knows [ Full article ] |
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