Cramer Taking Shots With Market

Oct 20, 2008  •  Post A Comment

CNBC’s stock market cheerleader Jim Cramer said he’s been “humbled” by the decline of stock prices while he continued to say the worst was over, the New York Times says. Cramer says he apologized to viewers, then urged on Oct. 6 urged them to sell if they needed cash in the next five years—a comment criticized for both feeding the panic and keeping his followers from cashing in on a market rebound the following week. “It was one of the greatest calls of my life,” Cramer told the Times, “and I’ve been pilloried for it.” The Los Angeles Times also takes a look at Cramer and CNBC.
— Jon Lafayette

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