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MacBytes
Jan 27, 2009, 08:18 AM
http://www.macbytes.com/images/bytessig.gif (http://www.macbytes.com)

Category: Videos
Link: Cramer: Get Off Steve Jobs' Back (http://www.macbytes.com/link.php?sid=20090127091842)
Description:: With all the nefarious activity and outright chicanery taking place on Wall Street, Cramer’s amazed – no, outraged – that the U.S. Securities and Exchange Commission is worried instead about Steve Jobs’ health disclosures. Check out the video.

Posted on MacBytes.com (http://www.macbytes.com)
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Theophany
Jan 27, 2009, 09:13 AM
The guy has a screw loose, but he's dead right.

QuarterSwede
Jan 27, 2009, 09:27 AM
The guy has a screw loose, but he's dead right.
But you have to admit, he makes learning about this stuff fun.

He reminds me of Bulldog from the show Fraiser.

Shouldn't Apple be required to release his temperature to the press every morning? The heck with iPod sales. Who cares about iPhone sales. I demand Jobs' urine and I DEMAND IT NOW!
He's right on.

jaw04005
Jan 27, 2009, 09:34 AM
He reminds me of Bulldog from the show Fraiser.

That's hilarious I thought the same thing. By the way, The Street (of which Cramer is a founder) has been aggressively pursuing the "Steve Jobs story" since early last year.

So, it's a bit like the pot calling the kettle black.

dongmin
Jan 27, 2009, 09:57 AM
That's hilarious I thought the same thing. By the way, The Street (of which Cramer is a founder) has been aggressively pursuing the "Steve Jobs story" since early last year.

So, it's a bit like the pot calling the kettle black.

He's just being CONTRARIAN for the sake of entertainment. If everyone was saying Jobs' health is nobody's business, then Cramer would most definitely be calling for Jobs' urine sample.

swingerofbirch
Jan 27, 2009, 10:30 AM
The guy has a screw loose, but he's dead right.

Or he just knows how to stand out from a crowd in order to make money...everyone these days on TV needs a "hook." Big egos means the news, cooking shows, financial shows are both about the content and the messenger.

As loud as he was (and he's been louder), I didn't hear sincerity in what he was saying. Sounded like he could have just as easily argued the other way.

IJ Reilly
Jan 27, 2009, 10:51 AM
Almost nothing said in this article is true. Sort of a record for irresponsible blogging.

fleshman03
Jan 27, 2009, 12:07 PM
irresponsible blogging.

Oxymoron.
:cool:

Dimwhit
Jan 27, 2009, 12:45 PM
Oxymoron.
:cool:

I was thinking redundant.

IJ Reilly
Jan 27, 2009, 01:32 PM
Oxymoron.
:cool:

I was thinking redundant.

More the latter, yup. ;)

Theophany
Jan 27, 2009, 03:24 PM
Or he just knows how to stand out from a crowd in order to make money...everyone these days on TV needs a "hook." Big egos means the news, cooking shows, financial shows are both about the content and the messenger.

As loud as he was (and he's been louder), I didn't hear sincerity in what he was saying. Sounded like he could have just as easily argued the other way.

Um, Cramer had a very successful career on Wall St. before he became a TV 'personality' and hosted Mad Money. His attitude is irrelevant, the fact of the matter is he is dead right, just as he was right about Bear Stearns collapsing months before they did. The SEC investigating Jobs' health announcements is ****ing absurd, they will not be able to draw any conclusive results.

Where were all these federal sniffer dogs when Lehmann Brothers were selling of subprime mortgages as AAA rated securities?

IJ Reilly
Jan 27, 2009, 03:56 PM
The SEC investigating Jobs' health announcements is ****ing absurd, they will not be able to draw any conclusive results.

Where were all these federal sniffer dogs when Lehmann Brothers were selling of subprime mortgages as AAA rated securities?

The logic behind this is... nonexistent. Not only can't you possibly know that the SEC will be unable to be conclusive, this situation bears absolutely no relationship or resemblance to Lehmann Brothers.

kamm
Jan 27, 2009, 04:45 PM
The logic behind this is... nonexistent. Not only can't you possibly know that the SEC will be unable to be conclusive, this situation bears absolutely no relationship or resemblance to Lehmann Brothers.

Quite the contrary it's really the very same core issue: the SEC is utterly broken, as it is now, it's quite obvious for everybody now:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDrs7Uifjlsg&refer=home

http://blog.americanbanker.com/bankthink/entry/ex_chairman_pitt_on_how

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5598521.ece

http://news.google.com/news?hl=en&rlz=1C1GGLS_en-USUS300US304&tab=wn&ie=UTF-8&ncl=1297759155

http://thinkaboutthis.typepad.com/think_about_this/sec-is-broken/

Theophany
Jan 27, 2009, 05:33 PM
The logic behind this is... nonexistent. Not only can't you possibly know that the SEC will be unable to be conclusive, this situation bears absolutely no relationship or resemblance to Lehmann Brothers.

What? Who is going to rat Jobs out? Remember the options scandal? What happened after that investigation?

If Apple went to the trouble of concealing the news to protect or manipulate stock values, then why the hell would they put their palms up, admit wrongdoing and risk getting the CEO indicted, which would undoubtedly cause stock values to plummet? For this reason, none of it would be recorded at all to avoid any possible entanglements. NOTHING will come of the SEC investigation, it's a big hoo-har to give the impression that they're actually doing something in the financial sector.

I didn't claim Lehmann Bros had any resemblance to the situation, I just insinuated the SEC was doing sweet F.A. to prevent financial armageddon. Overacting now, to look like they're actually doing something useful, is a waste of time and resources.

Yvan256
Jan 27, 2009, 06:10 PM
Seems I'm not the only one who has a problem with a product named "Zune".

Disclaimer: I have never used nor seen anyone using a Zune, I am just commenting on the name. :p

IJ Reilly
Jan 27, 2009, 07:33 PM
What? Who is going to rat Jobs out? Remember the options scandal? What happened after that investigation?

If Apple went to the trouble of concealing the news to protect or manipulate stock values, then why the hell would they put their palms up, admit wrongdoing and risk getting the CEO indicted, which would undoubtedly cause stock values to plummet? For this reason, none of it would be recorded at all to avoid any possible entanglements. NOTHING will come of the SEC investigation, it's a big hoo-har to give the impression that they're actually doing something in the financial sector.

I don't claim to know how the SEC will investigate this issue, but apparently they think they have some way. For show? Maybe, but Apple might be looking at a shareholder lawsuit over this issue, which could end up with depositions taken under threat of perjury, which does have of getting to the truth, whatever that is. Very messy. Very messy, indeed. I hope the SEC can square away the issue in such a way that a shareholder lawsuit doesn't get that far.

I didn't claim Lehmann Bros had any resemblance to the situation, I just insinuated the SEC was doing sweet F.A. to prevent financial armageddon. Overacting now, to look like they're actually doing something useful, is a waste of time and resources.

Ah, so it was there for the emotional value. As I thought. So also is your allegation that they're "overreacting now." You don't know that at all.

Theophany
Jan 28, 2009, 07:25 AM
I don't claim to know how the SEC will investigate this issue, but apparently they think they have some way. For show? Maybe, but Apple might be looking at a shareholder lawsuit over this issue, which could end up with depositions taken under threat of perjury, which does have of getting to the truth, whatever that is. Very messy. Very messy, indeed. I hope the SEC can square away the issue in such a way that a shareholder lawsuit doesn't get that far.

You're assuming that people actually know about this. If this was a plot of some sort, chances are there are possibly two, maybe three people who know about it. Jobs, Cook and Schiller.

GoCubsGo
Jan 28, 2009, 07:28 AM
Nothing would please me more than to have this guy make a video much like the "leave britney alone" (http://www.youtube.com/watch?v=kHmvkRoEowc) video and post it on YouTube.

Delivery sucks but this guy is right. I think these twunts who can't leave well enough alone need to find a hole and crawl into it.

IJ Reilly
Jan 28, 2009, 10:35 AM
You're assuming that people actually know about this. If this was a plot of some sort, chances are there are possibly two, maybe three people who know about it. Jobs, Cook and Schiller.

I'm not assuming anything. In fact I think you're doing all of the assuming. The purpose of the SEC investigation is to determine who knew what, and if that was consistent with what was disclosed to investors.

nagromme
Jan 28, 2009, 12:37 PM
Cramer does what makes him money--and not JUST by being paid to entertain, either. He admits to illegally manipulating tech stocks (including Apple) via the media. Here he is on video explaining how it's done, why it's done, and admitting that it's illegal but that it's done anyway (search page for "WMV"--sorry):


http://www.roughlydrafted.com/2007/08/05/more-on-scott-moritz-and-the-jim-cramer-street-misinformation-engine/

"It is very important to spread the rumor that both Verizon and AT&T have decided they don’t like the phone. It’s a very easy one to do. You also want to spread the rumor that it’s not going to be ready for Macworld [Expo].

And this is very easy, because the people who write about Apple want that story. And you can claim that it is credible because you spoke to someone at Apple, because Apple isn’t in [a position to comment on unannounced products]. It is an ideal short."

-- Jim Cramer


So yes, he's right... but that only tells us that for now, he wants Apple stocks to do better. Or, wants them to do worse by keeping the story alive?