Cramer: Get Off Steve Jobs' Back

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Jan 27, 2009.

  1. macrumors bot

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    #1

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    Category: Videos
    Link: Cramer: Get Off Steve Jobs' Back
    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
    Approved by Mudbug
     
  2. macrumors 6502

    Theophany

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    #2
    The guy has a screw loose, but he's dead right.
     
  3. macrumors G3

    QuarterSwede

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    #3
    But you have to admit, he makes learning about this stuff fun.

    He reminds me of Bulldog from the show Fraiser.

    He's right on.
     
  4. macrumors 601

    jaw04005

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    #4
    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.
     
  5. macrumors 68000

    dongmin

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    #5
    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.
     
  6. macrumors 68030

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    #6
    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.
     
  7. macrumors P6

    IJ Reilly

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    #7
    Almost nothing said in this article is true. Sort of a record for irresponsible blogging.
     
  8. macrumors 68000

    fleshman03

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    #8
    Oxymoron.
    :cool:
     
  9. macrumors 68000

    Dimwhit

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    #9
    I was thinking redundant.
     
  10. macrumors P6

    IJ Reilly

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    #10
    More the latter, yup. ;)
     
  11. macrumors 6502

    Theophany

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    #11
    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?
     
  12. macrumors P6

    IJ Reilly

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    #12
    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.
     
  13. macrumors regular

    kamm

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    #13
    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/t...ectors/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/
     
  14. macrumors 6502

    Theophany

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    #14
    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.
     
  15. macrumors 601

    Yvan256

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    #15
    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
     
  16. macrumors P6

    IJ Reilly

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    #16
    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.

    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.
     
  17. macrumors 6502

    Theophany

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    #17
    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.
     
  18. macrumors Nehalem

    GoCubsGo

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    #18
    Nothing would please me more than to have this guy make a video much like the "leave britney alone" 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.
     
  19. macrumors P6

    IJ Reilly

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    #19
    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.
     
  20. macrumors G5

    nagromme

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    #20
    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/...-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?
     

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