I’ve already expressed a bit of skepticism when it comes to CNBC’s Jim Cramer’s calls. I used to watch his Mad Money show a lot before I found myself needing more time to do more stuff so I had to let it go. Recently, he has gain even more popularity after he has been shamed by Jon Stewart in The Daily Show. Both who are usually comedic ended up being two different people – Stewart the seemingly serious, credible critic of financial journalists and Cramer, the tamed tiger acting as if he has done the worst crime in the world. And while many of us thought this was all over, a piece on The Guardian yesterday writes about Nouriel Roubini’s opinion of the former hedge fund manager. He had some very interesting (and quite blunt) about him.
“Cramer is a buffoon,” said Roubini. “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.”
“After all this mess and Jon Stewart, he should just shut up because he has no shame.”
He’s not a credible analyst. Every time it was a bear market rally he said it was the beginning of a bull, and he got it wrong.”