Jim Cramer has earned the ire of Jon Stewart for touting stocks while the rest of the world lost $50 trillion in their retirement accounts. Now New York University Professor Nouriel Roubini, who is among those who predicted the financial crisis, is suggesting that Jim Cramer has lost the right to talk.
Roubini called Cramer a buffoon and gave a talk in Toronto from which AP quotes Roubini talking about Cramer: "He was one of those who called six times in a row for this bear market rally to be a bull market rally and he got it wrong. And after all this mess and Jon Stewart he should just shut up because he has no shame."
Roubini, who may have flaws of his own, including decorating his apartment with plaster sculptures of a portion of the female anatomy, seems quite taken aback by Cramer's anti-Roubini comments which included "insulting me [Roubini] personally and saying a bunch of lies." I say that Cramer and Roubini should continue this public sparring.
I am not sure whether it will shed light on what investors should do with their money. But it could offer an entertaining distraction.
Peter Cohan is president of Peter S. Cohan & Associates. He also teaches management at Babson College. His eighth book is You Can't Order Change: Lessons from Jim McNerney's Turnaround at Boeing.
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Reader Comments (Page 1 of 1)
4-08-2009 @ 3:48PM
Warren said...
"Roubini, who may have flaws of his own, including decorating his apartment with plaster casts of a portion of the female anatomy"
What in the world does that have to do with his opinion on Cramer? What is this, high school? So incredibly lame, Peter.
4-08-2009 @ 9:34PM
billp37 said...
kudlow may be trying to cause serious problems?
Tuesday April 7, 2009
The 118-count indictment charges Li Fang Wei, 37, and his China-based company LIMMT, identified years ago as fronts for Iran's illegal nuclear acquisition efforts, with falsifying business records and conspiracy to gain access to U.S. banks.
Manhattan District Attorney Robert Morgenthau said Li's deception caused six New York banks to allow him and his company to continue banking in U.S. dollars - and to continue selling banned weapons material to the Iranian military.
[Kudlow first presented above to us]
Kudlow was born into a Jewish family and grew up in New Jersey."
4-17-2009 @ 4:22PM
DIFILOSOFA said...
Why "Doomster" Roubini? It is inappropriate, in my humble opinion. He calls it the way his analyses, which have been remarkable, point. Is it not better than "feelgood" in the face of imminent danger Kramer? What has the decoration of his apartment got to do with his academic prowess?
Kramer has lost the right to speak on issues related to the market. He'd be better served looking for a sitcom in Hollywood!
4-16-2009 @ 9:37PM
DIFILOSOFA said...
Roubini does not deserve the "Doomster" moniker. He is an academic who owes no group any special dispensation. That is the main difference between him and Kramer.
Kramer has fully earned the right not to speak on issues related to stocks. Only God knows how many unsuspecting and gullible viewers fell for his "showbiz" analyses and recommendations.