http://cache.jalopnik.com/assets/base/img/thumbs140x140/jalopnik.com.png http://jalopnik.com/tag/jim cramer http://jalopnik.com/tag/jim cramer CNBC's Jim Cramer just picked Cummins as a win on-air. Luckily, he's never wrong. Never. More »
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The red rubber bull-biting bald man by the name of Jim Cramer had a mouthful to say about the Motor City today — making clear his belief that if Motown gets showed D.C.'s checkbook, then we've seen the lows of this financial downturn. I tend to agree. Right now, according to Cramer, the issue isn't anymore whether you think GM deserves or doesn't deserve to be saved, it's whether you're alright with massive unemployment and an economic downturn taking this nation further into the murky unknown depths. Sounds to us like someone thinks people need to buy some "Save GM" t-shirts. That sentiment's shared by Keith Crain's Automotive News, where we saw an opinion piece today the likes we've never seen — essentially refuting an idea I'd held up until the past week, that Chapter 11 could allow for reorganization. The Op-Ed's entitled "The cost of GM's death," and you can hit the jump for the excerpts. More »
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In between ads for CNBC's "Business of High End Prostitution" documentary airing tonight, we noticed the network's mega-mouthed Wall Street money mad-man says it's time for policy makers to "save GM" or else risk "10% unemployment" and the "Great Depression." We happen to think Jim Cramer's right. Is that Socialism? Who cares — we just read bankruptcy won't even be able to help GM because of their inability to secure financing after a declaration of Chapter 11. Yup, it'd be straight to Chapter 7 for the big automaker from Detroit. But, word on the street is that Pelosi's going to call for legislative help during the current lame duck session of Congress. Glad to hear it, because remember, the Financiapocalypse waits for no man, automaker or money maven! More »
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The bald-headed man out to make 'merica money will be heading "to Nascar's pit row" for his first NBC special called "The American Dream with Jim Cramer." That's right folks, "Big" Jim's jumping over to the airwaves from cable and in doing so, the Mad Money-man is looking to teach fans of the rubbin' is racin' series what making a buck is all about. Although you'd think we'd laugh off his prospects of success, he's bringing some of the big names in "stock car" racing with him — Kyle Busch, Carl Edwards, Jimmie Johnson, Jeff Burton and Casey Mears — so hopefully a tip or two may sink in. But really, the best part of the entire show will more than likely be seeing Cramer taking a run on the circular track himself in the cockpit side-seat of a Petty Experience Nascar racer at 160 MPH. We're assuming it'll happen, considering there's a teaser clip of it up on CNBC's site. All we know is, we hope he screams like a little girl with pigtails. [The American Dream] More »
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Detroit's big players may be better off using Chapter 11 to come back from the brink says Jim Cramer, he of the Maddest Money, on BloggingStocks.com. His rationale? If gas prices stay where they are, there simply aren't enough GM products that people want, and there are way too many GM products that no one wants. He also feels a little less than bullish on Ford. Cramer is also wondering why, with automaker stock prices so low (as of this writing Ford is at a pathetic, though slightly improved, $5.32) the "value people" aren't sweeping in to buy up these companies (ahem, some are). Then he provides a Cramer-esque contradiction. More »
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