kacciotto saidcramer always made the bulk of his money from transactions fees and book/tv deals, not actual fund performance, like the majority of wall st..
Part of that has to do with the fact that, aside from his charitable trust, as an analyst, CNBC doesn't allow him to own any stock for personal gain.
I usually love Jim Cramer... He has been right about alot of things in this market. Notably, Citigroup's collapse and Cox's ineptitude.
He needs to learn how to take some criticism though. He sang Geithner's praises all the way to his confirmation, and Geithner is turning out to be somewhat of a loser.
I don't appreciate his labeling of the president as a socialist who's bent on destroying Wall Street and the American way of life.
And I think he's taken Stewart's criticism a little lightly and somewhat dishonestly. Most people have recommended stocks that are down. But he recommended a stock that has since totally collapsed.
Big difference between recommending a stock (like one of his other favorites Linn Energy) that is down maybe 30 percent from July 2008 and a company that no longer exists.