Re: Most posters here are totally clueless
Cramer knows his stuff. As noted, he was a successful hedge fund manager. He was never arrested, but he came thisssss close, reportedly for front-running his pumps on CNBC. He admitted illegally manipulating the market on that street.com video and all but admitted it on CNBC. I could hardly believe what I was hearing. Not that he did it, but that he would admit it.
He's still knowledgable and still has contacts, but you can't trust him. I've seen him pump crap that nobody in their right mind would pump if they'd done 10 minutes of fundy research. I think a lot of the time he pumps stock to get friends out that are stuck. So the problem is that on any given stock he recommends, you don't know if it's really good or it's crap that he's pumping for whatever reason.
BTW, he didnt just go to Harvard, he went to Harvard Law. There probably aren't many poor folks that went to that school.
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