Jim Cramer

Recently on the daily show, Jon Stewart attacked Jim Cramer for his recommendations on Bear Stearns. If you've not seen the clip, or if you don't watch Mad Money, here it is:


In several of the videotaped defenses I've seen, Jim Cramer seems off to me. I have not studied Facial Action Coding Systems well enough to say with confidence, "there's something fishy here", but hey, we're not in court, so I'm going to say it anyway: there's something fishy here. Check out the clip at 3:53. There's a number of things I find conspicuous:

"I'm asking people to buy Bear Stearns". First, it's one thing to recommend something. He does that all the time. He TELLS people to BUY BUY BUY. He rarely asks them to buy so sincerely. It's strange. Second, right after he says that, he looks down, and his eyebrows come together. I'm pretty sure this is a bad sign. What are his reasons for asking us to buy? The same guy who went to Harvard, who ran a fund, and who does rigorous research on EVERYTHING? His reason: intuition. And, as if that weren't bad enough, a moment later he justifies his intuition to us, saying, "I've had pretty good intuition over 29 years investing." Since when does he give his credentials like that?

More predictions--Jim Cramer will be brought up on charges for something pretty soon. I hate to say it. I like the guy. I enjoy his show. But I smell a rat.