DayTrends Jumps All Over Jim Cramer; Brutal

Vic Scherer  tweets:

I was tracking Cramer's calls religiously up until about the time FastMoney came on. He was getting worse &worse. Very easy call to switch$$

Traders make calls every day, better ones thn Cramer. But Cramer makes investor calls. How many do that well? Tough job that he sucks at $$

Bashing Cramer is what traders do who don't want the buy-only world to think they can rest easy. @ReformedBroker $$

I learned a LOT from Cramer's yellow book, which was half about his wife. But his realtime calls on TV got just terrible. $$

Seriously doubting, SERIOUSLY, that Cramer offers insight that even complements that avlabl on the @StockTwits suggested stream.ForgetCmr $$

Cramer taught me a LOT when Netscape was a stock, then his yellow book taught me even more. Get it. $$

ZeroHedge started it:

Can Cramer discuss his Buy reco on BP from two weeks ago?

Cramer Goes From Buy To Bye Bye On BP, Loses Fans 33%

But at least this was not as bad as his call to buy Bear in advance of the bank losing 95% of its value, his defenders will intone. And we would agree

One More Comment On The Krugman Nobel Prize...

...from a new blogger, Dave Prychitko:

Here's the news of Paul Krugman's Nobel Prize. I really don't have anything to say, outside of maybe Jim Cramer will win it next year.

Cramer versus the SEC: Cramer Makes Sense

Even CNBC's Mad Money host Jim cramer gets how nutty yesterday's announcement about the change in naked short selling rules is.

Securities and Exchange Commission Chairman Christopher Cox doesn't know his own rule book, Cramer said during Wednesday's Stop Trading!, according to Tom Brennan at CNBC.

According to an SEC regulatory manual Cramer held in his hand during Stop Trading!, "Selling stock short and failing to deliver shares at the time of settlement with the purpose of driving down the security price is illegal." The report was dated April 11, 2005.

"I don't know what these emergency powers are," Cramer said of Cox's special announcement, "nor do you have to stop [enforcing the naked short selling rule] 30 days from now."

"I think Commissioner Cox should go back over his Division of Market Regulation bulletin," Cramer continued, "and realize he's had this power to stop this all the time." But the SEC has "not cared the least bit about this."

And he capped it off with this very insightful observation:

The regulators, frankly, are very naive about what really goes on.