{"id":191044,"date":"2009-09-30T20:17:00","date_gmt":"2009-10-01T01:17:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/09\/30\/i-am-now-prepared-to-offer-investment-advice\/"},"modified":"2009-09-30T20:17:00","modified_gmt":"2009-10-01T01:17:00","slug":"i-am-now-prepared-to-offer-investment-advice","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/09\/30\/i-am-now-prepared-to-offer-investment-advice\/","title":{"rendered":"I am Now Prepared to Offer Investment Advice"},"content":{"rendered":"<p>Just watch Jim Cramer&#8217;s <span style=\"font-style: italic;\">Mad Money<\/span>, and whatever he says, <a href=\"http:\/\/www.streetinsider.com\/Insiders+Blog\/Cramer+Plays+With+Fire+and+Gets+Burned+%28CIT,+C%29\/4980734.html\">do the opposite<\/a>:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Yesterday, market pundit Jim Cramer made a ridiculously awful call on embattled lender CIT (NYSE: CIT). Cramer made a call to buy CIT stock yesterday. Well today it is down 40% on reports a deal with bondholders will wipe out the current common shareholders.<\/p>\n<p>Here is what Cramer said on CIT yesterday.<\/p>\n<p>&#8220;Because no one forced CIT into bankruptcy, it can live to play again, and when I read in the New York Post that Paulson owns CIT debt, I realized that he&#8217;s powerful enough to save this company, particularly because he is one of the investors in IndyMac and knows his way around the bottom of the debt barrel.<\/p>\n<p>These two stocks represent lottery tickets that are no longer rip-ups because they have made it out of the &#8220;critical care&#8221; stage and are recovering.<\/p>\n<p>I would buy them both.&#8221;<\/p><\/blockquote>\n<p>Google Jim Cramer and Bear Stearns, or just look at these <a href=\"http:\/\/40yrs.blogspot.com\/2009\/03\/jon-stewart-best-financial-journalist.html\">old videos from <span style=\"font-style: italic;\">The Daily Show<\/span><\/a> (also <a href=\"http:\/\/40yrs.blogspot.com\/search?q=jon+stewart+cnbc\">here<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just watch Jim Cramer&#8217;s Mad Money, and whatever he says, do the opposite: Yesterday, market pundit Jim Cramer made a ridiculously awful call on embattled lender CIT (NYSE: CIT). Cramer made a call to buy CIT stock yesterday. Well today it is down 40% on reports a deal with bondholders will wipe out the current &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1064,982],"tags":[],"class_list":["post-191044","post","type-post","status-publish","format-standard","hentry","category-finance","category-media","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191044"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=191044"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191044\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=191044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=191044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=191044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}