1 year ago

Jim Cramer Explains How The Stock Market Is Manipulated

2 years ago
Apple is putting my non-existent kids through college.

Apple is putting my non-existent kids through college.

2 years ago
This is probably useless to most of you, but I coded up an average price calculator for stocks so I could figure out quickly on my phone what a new average price might be on a stock if I contributed more to average it down. It’s pretty ugly but I think the math is solid.

This is probably useless to most of you, but I coded up an average price calculator for stocks so I could figure out quickly on my phone what a new average price might be on a stock if I contributed more to average it down. It’s pretty ugly but I think the math is solid.

2 years ago
When a stock is over-valued, don’t buy it. Plain and simple. It’s a free country … and stupidity is a personal freedom. Cite Arrow Mark Zuckerberg: YOU Said Jump, I Said How High
2 years ago 3 years ago
Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing. Cite Arrow Warren Buffett
3 years ago
Bought some US stocks

robdelaney: I just bought some shares in an index fund that tracks the Wilshire 5000, which means I just bought shares in the 5000 largest American companies. I did this because I wished to take substantive action immediately upon learning of Standard & Poor’s downgrade of US credit. Standard & Poor’s, and to a lesser degree, Fitch and Moody’s bear much responsibility for the global recession from which we are trying to extricate ourselves. They maintained AAA ratings for companies run by abject criminals who knowingly, consciously, and systematically lied to US citizens and citizens of the world at large. Thus, they are culpable in the collapse of many banks (my own included) and their actions, among other things, drove thousands of families from their homes. As such, their opinion is worthless to me and it should be worthless to you.

I am not rich. I don’t make enough through SAG or the WGA to qualify for health insurance. I currently make my living writing for magazines and performing live comedy, though I have worked in factories, publicly traded corporations, schools and newspapers at other times in my life.

But based on reports from S&P in 2008, their forecasts and analysis, and the human beings who write and disseminate them have been so disastrously incorrect, not to mention nefarious and motivated by political and financial gain, that I thought it was time to buy some stock in the U.S. of A.

I am NOT saying that our Congress isn’t a GLOW IN THE DARK EMBARRASSING DISASTER. They are. How could they not expect negative consequences from their shameful, childish performance over the past months?

It is worth noting that I am NOT buying U.S. Treasuries at the moment. I’m buying stocks. Right now, if the government wants my money, they’ll need to tax the companies I just gave it to or wait until they hire someone and tax their earnings. S&P’s assessment of U.S. credit is not wrong, but they have forfeited their right to have their opinion valued and embraced.

What I am saying is that I believe in me, and I believe in you and I believe in elbow grease, objectivity and history. Did you see the recession coming? Did it announce itself and tell you the date it would arrive? No, it did not. Nor will recovery. So quit whining. Pessimism is for losers.

So to paraphrase Warren Buffet, whose sterling, brick and mortar, brilliantly run, cash-rich company Berkshire Hathaway was ALSO downgraded by S&P in the past, “American stocks are on sale.” Why not pick some up? I did. And I’m a 34 year old, hard working husband and father who gives a shit about the country he lives in and doesn’t take orders from S&P, CNN, or Congress. I give them. And so do you. 

3 years ago
The stock market is gambling, right? This kid studies and he makes money in the stock market, and this is considered okay by society. A poker player, a kid, sees all these idiots making poor investments on these poker hands, and says, ‘Wow, I could do a better job than they’re doing,’ and he studies, and he makes it. How is that different, realistically, than a stockbroker? I mean, I don’t see the difference.” Eric Lindgren, another legend of the game, qualified that answer somewhat: “Well, there’s more cheating and collusion in the stock market. Cite Arrow The Grinders and the ATMs
3 years ago 3 years ago