An investment website you can do without!

I usually only have a blog entry once per week, unless I hear something that would cause the non-existent hair on my neck to stand up.  Today was one of those days.  I heard an advertisement on CNBC (Sirius/XM) for www.Getcramer.com.  Jim Cramer, the CNBC stock pundit, is selling a service to notify you of his stock picks before he buys them (obviously to conform to SEC regulations).  Is this the same Cramer that around January 24, 2009 told you to purchase Bear Stearns because it had a “limited downside”? Is this the same Cramer that said in mid March 2009, Bear Stearns is fine!  Didn’t they go belly-up perhaps causing some of the major problems we are currently in?

 Don’t believe me, see the video of his comments at:   http://tinyurl.com/bqrue6.

 I was in this business for many years and not everyone can be right, but this guy is no longer a professional investor.  He is a carnival barker.  If you want to see one, just go to the circus or any state fair in the area.  If watching this guy made you rich, then all of his listeners would be rich- but they are not!  It is reprehensible that CNBC is allowing this guy to advertise on their station, using his fame and probably insider knowledge, to sell an investment website.  You would be better off putting your money in the mattress or blowing it on a hand of blackjack in Las Vegas.  Take a pass on his website and on CNBC.