Jim Cramer’s Video Gets Pulled Off YouTube
Yup, you heard it here first, Jim Cramer’s interview video has been pulled off the air, or well, youtube for that matter. If you were lucky enough to watch it, it basically was Jim Cramer talking about how he used to manipulate the markets to make money. It was quite an interesting video actually, and to be honest it was also pretty inightful. Though Hedge Fund Managers probably don’t have exactly the same capabilities they did back when Jim was in full force, it makes you wonder what is really going on behind the scenes. What I found was that “This video is no longer available due to a copyright claim by TheStreet.com”, which is basically a bunch of whatever. Is the video available on thestreet.com by chance, or anywhere else for that matter? If so please share!
Here’s the video — http://www.thestreet.com/video/cramermarketupdates/10329438.html
Excellent! Thanks Mike, you the man
I have never held Cramer on a high pedestal for the reasons demonstrated on the Wall Street Confidential. It just proves to all of the conspiracy theorists on hedge funds that there money is a wash with irresponsible managers and all of this is lumped into the concept of a hedge fund! I am sure that the long-short equity does have games that are played like this on a constant basis and I have seen similar in the foreign exchange markets but to have to go as far as making sure people know what they are doing is illegal is beyond irresponsible. Disclaimers are in place in a Private Offering to categorize the risk, which the client will understand but taking it to the point that you would have to commit illegal acts to justify returns just shows the quality of management Cramer is. Do we think that Warren Buffet had to do this? Remember that many hedge funds are doing exactly what they set out to do and that is cover exposure and risk for the underlying client like a pension fund. I think he is giving the industry a bad name and only trying to sell his show and ego. Cramer is not a money manager…he is an actor.
Evan Andersen
Lydia Capital
I am amazed at how few people actually get what they are looking at. There is a MUCH, MUCH larger issue here. You need to read up on the back story here at http://www.deepcapture.com