Thursday, August 16, 2012

JDSMitt




JDSMitt




  ‘I don’t want to have a Mormon as president?’ I never even thought of him as a Mormon. He is like the best businessman in North America. And that is how you should think of him.'"

Res Ipsa Loquitor
Shades of Mad Man Muntz - without the Savvy

Back in the late ‘90s, when tech stocks were flying high, JDS Uniphase capped out at $1,227 a share, giving it a bigger market cap than both Cisco Systems and Intel  have today. But then the bubble burst, taking JDSU down 99.8% and changing its name on Wall Street from “Just Don’t Sell Us” to “Just Don’t Sue Us.” [The Curious Case of JDS Uniphase]

I picked this JDSU item because, for me, it defines CNBC's Jim Cramer. He   appeared regularly on Fox & Friends back then.  I can still hear him touting "Just Don’t Sell Us" like he was getting a commission on it (ahem).  Then—

Jim Cramer endorsed,  and proudly voted for Obummer in 2008. Then—

 In 2009 he appeared on the Daily Show,  groveling before smarmy host Jon Stewart— then on a rant about CNBC's Rick Santelli's Teaparty founding rant (about Obama's carelessness with taxpayer money).  Kramer wagged his tail and agreed that Santelli acted foolishly, and he thought it scandalous..

It's fair then to say that Jim Kramer would be welcome at any Obama White House dinner, Oui?  So, shades of  Erskine Bowles: segue 2007

"[W]hile he hasn’t talked a lot about his thoughts on this year’s presidential election, [Cramer did lay out the case for Romney during an appearance on MSNBC’s “Hardball” on June 1, 2007. 'Can I just tell you something right now — I interviewed with Romney,' Cramer said. 'He tried to hire me in 1984. Why do people now say well, ‘I don’t want to have a Mormon as president?’ I never even thought of him as a Mormon. He is like the best businessman in North America. And that is how you should think of him.'"  [DC]



4 comments:

Helly said...

I used to watch Cramer in the aught years. Learned a lot of fundamentals and he helped me become a very successful trader. However, just like Laffer and the rest, I don't ever bet on their specific predictions.

Remember, everybody can learn something from everyone.

Rodger the Real King of France said...

Sure, but all that was just the set-up for Cramer's Mitt evaluation.

Jess said...

I don't think I'd take any advice from a media whore. Of course, I'd have to watch their network, which I refuse to do.

Helly said...

Science tells us rats jump off sinking ships. You can't argue with science.

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