If stock pundit Jim Cramer doesn't walk around with a bullet-proof vest or a bodyguard, maybe he should start doing so. Silicon Alley Insider reported Friday that people have been so irate with the host of "Mad Money" for his stock advice that they've confronted him on another level. "You know, look, obviously I've had a lot of death threats," Cramer said. "They're actual death threats. And, you go to the state police, and the state police go to the local police, and the local police call the guy, and that's what you have to do, or you bring suit against them. I've had to do a lot of that."
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Cramer's most recent controversy involves the stock pickers support for Bear Stearns Cos. before the company's buyout. After the brouhaha, Cramer said he was supporting investors keep money in Bear and was not supporting the stock. The problem with the clarification was it was too late for investors to get out of the Bear stock.
But the founder of TheStreet.com will keep doling out financial advice. In usual Cramer bravado, he quips: "You know, anybody with a death threat, I go after them with everything I have." After all, death threats mean little to a guy who chased Ted Bundy before hitting Wall Street. So if Cramer looks sweaty, it has nothing to do with those death threats. - Gerald Magpily
See Silicon Alley Insider article
See TheDeal.com: J.P. Morgan to buy Bear Stearns
See BusinessWeek feature story about Cramer from 2005
Comments
Honestly, we can’t blame Jon Stewart for pillorying Cramer as ignorant or worst complicit with different Wall Street pranks of the last few years for Cramer made some statements like there are manipulation in the stock markets which define the status of our financial economy. Knowing Jon Stewart who is the one of the most popular sources for the interpretations of news headlines that people can turn to. He went after Jim Cramer and pointed out that there are certain firms that had taken on too much debt due to their short-term profits practices until the economy collapse. Although Cramer is known as a former hedge fund manager and financial analyst on a tv show Mad Money that this unflinching desire to take people to task is part of what makes Jon Stewart an American icon.