mad money ratings down

[Svenwulf]

from the post a few days ago. why does the story sound desperate to me?

Ratings drop
The good news for CNBC’s Jim Cramer, host of “Mad Money,” is that, by his own estimation, fewer people hate him today than hated him at the beginning of last summer.
Let us explain.
“Mad Money,” in its first two years on the cable station, was one of CNBC’s biggest hits. It was the only reason folks tuned in after market hours - so much so that the brass scheduled it three times a day.
Cramer got so much ink from his success that, he wrote recently, people started to hate him for it. In fact, Cramer wrote in the June 4 issue of New York magazine, “for every person who likes what I do, there are a dozen who hate me for it.”
Well if Jim’s correct, a glimpse at the latest ratings book - which shows a 39 percent drop in the audience for the 6 p.m. show - far fewer people like him. Which means far fewer people hate him. Right?
The folks at Nielsen report that Cramer’s 6 p.m. show attracted an average of just 57,000 viewers. That’s not helping “Fast Money,” CNBC’s show at 8 p.m., which saw ratings tumble 57 percent to 56,000. Nielsen only monitors shows that draw a minimum of 51,000 viewers - under that and it’s a scratch.
While Cramer is surely rooting against a scratch, just think of how many fewer investors will hate him should that happen.
Richard Wilner

link
http://www.nypost.com/seven/07082007/business/exec_s_a_producer_business_.htm?page=2

[Bman409]

Well if Jim’s correct, a glimpse at the latest ratings book - which shows a 39 percent drop in the audience for the 6 p.m. show - far fewer people like him. Which means far fewer people hate him. Right?
The folks at Nielsen report that Cramer’s 6 p.m. show attracted an average of just 57,000 viewers. That’s not helping “Fast Money,” CNBC’s show at 8 p.m., which saw ratings tumble 57 percent to 56,000. Nielsen only monitors shows that draw a minimum of 51,000 viewers - under that and it’s a scratch.



Fast Money sucks.. that's one of the problems

The other problem is they're too political... always kissing the Bush Administration's ass.. especially Larry Kudlow. If I wanted a Bush stroke fest, I'd tune in Cavuto.


They might want to check the President's approval ratings before they decide to base their shows around stroking him.


BTW, I like Cramer, except for when he's celebrating imorality and praising how much money he can make it. That turns me off.

Like the other night, the story about the increases in permits for drilling on public land.. That was over the top and I just about turned it off

[Mrculex99]

Remember when Cramer first started the Green Day part of the show? I remember him combining his line of "not here to make friends ..." with a joke of "if burning the rain forest made money, I'd recommend it". He should probably ease off on these things with politics the way they are. Political humor jokes of recommending beauty product stocks that John Edward's uses would likely be more funny and cute.

Or maybe he's such a good teacher, half his audience can now figure out stocks on their own thanks to his tutelage? :)

[Bman409]

Remember when Cramer first started the Green Day part of the show? I remember him combining his line of "not here to make friends ..." with a joke of "if burning the rain forest made money, I'd recommend it". He should probably ease off on these things with politics the way they are. Political humor jokes of recommending beauty product stocks that John Edward's uses would likely be more funny and cute.




For the love of money is the root of all evil.

[Rich]

I made some money ON PAPER with Cramer, but Jim lacks ONE very important thing, control of his show, he isn't organized at all.

Lets look at Goog. He put it on his head, knuckles, just about everywhere, When it hit 515 back in early December of 06 he didn't say anything, it dropped to low 400's. Well, its back up but why didn't he tell his newbie students what was happening?

Secondly, lets remember all the hype he gave SHLD, ( Sears Holding) He stated, " Your going to give up on this guy just because its down a little!!! BUY BUY BUY Opportunity!" Three months later no mention of SHLD until lightning round, then he dumps the news, " I HAVE REAL FEARS about this stock!" Nice to let us know Jim after it dropped from $195 to $148, and he PUMPED IT while it was dropping!!

He does this ALL the time!

Now, before you dump on me lets get one thing straight right here and now. I'm NOT the one on TV telling everyone to BUY BUY BUY but fail to get excited and inform us to SELL SELL SELL

UNTIL THE DAMAGE IS DONE!!!

I learned NOT to listen to him that much except as an average Joe with an opinion. Tough lesson too learn, but the truth is Lenard also has an opinion, sometimes their better............ LOL

His scorecard isn't that great in my opinion, SERIOUSLY, many on this forum are much better than Cramer (I'm not one of them <sigh>) Just because he picked RIG and a few other doesn't make him that great, lets be honest, if you picked anything in certain sectors you would make money. Jims problem is he picked NYX with his idea of what is going to happen and SHLD because his buddy operated it. Cramer hurts a LOT of people when he pushes a stock strongly and then fails to mention it when its going down.

Rich

[Rich]

Investors Buisness Daily updated their ratings on Crammers Buddy's stock that was going to go through the roof........ Sears holding.

SHLD was updated by IBD as 'WORSE IN GROUP" on two of the four and its almost reaching the third here real soon.
Wheres Lenard speaking at this week?
Just a "FYI" tidbit.....

[billythekid245]

It will be interesting to see how Cramer performs in a bear market. Mad Money's inception was during the bull market we are still in...

It will be interesting to see how ratings fare when the markets turn south. Could result in a significant downturn for Cramer and Mad Money

[Niketennis1]

he doesn't know everything about stocks. You can't expect all of his picks to be great (referring to sears holdings). Rio, which he said had a monopoly on mineral production, went up from $35 (mid march) to $52 now. Thats a good pick. You have to remember to do your homework and pick sensibly from what he says.

[gunther92]

I made some money ON PAPER with Cramer, but Jim lacks ONE very important thing, control of his show, he isn't organized at all.

Lets look at Goog. He put it on his head, knuckles, just about everywhere, When it hit 515 back in early December of 06 he didn't say anything, it dropped to low 400's. Well, its back up but why didn't he tell his newbie students what was happening?

Secondly, lets remember all the hype he gave SHLD, ( Sears Holding) He stated, " Your going to give up on this guy just because its down a little!!! BUY BUY BUY Opportunity!" Three months later no mention of SHLD until lightning round, then he dumps the news, " I HAVE REAL FEARS about this stock!" Nice to let us know Jim after it dropped from $195 to $148, and he PUMPED IT while it was dropping!!

He does this ALL the time!

Now, before you dump on me lets get one thing straight right here and now. I'm NOT the one on TV telling everyone to BUY BUY BUY but fail to get excited and inform us to SELL SELL SELL

UNTIL THE DAMAGE IS DONE!!!

I learned NOT to listen to him that much except as an average Joe with an opinion. Tough lesson too learn, but the truth is Lenard also has an opinion, sometimes their better............ LOL

His scorecard isn't that great in my opinion, SERIOUSLY, many on this forum are much better than Cramer (I'm not one of them <sigh>) Just because he picked RIG and a few other doesn't make him that great, lets be honest, if you picked anything in certain sectors you would make money. Jims problem is he picked NYX with his idea of what is going to happen and SHLD because his buddy operated it. Cramer hurts a LOT of people when he pushes a stock strongly and then fails to mention it when its going down.

Rich

Cramer buys as the stock is dropping in a pyramid fashion so at 195 u buy 10 shares at 148 u buy 30 shares at 127 u buy 70 shares oh now it's bouncing back already at 144 and u make money MAD MONEY. Cramer doesn't do 3 week trades he's an investor for medium to long term this isn't fast money, it's mad money.

[TopsyTurvey]

I used to really like his TV show. Now I turn in every once in awhile. I do not hate him, even though he has cost me a lot of $. I really get tired of Cramer saying "take profits" and get out. Take what profits? To give examples, back earlier in the yr he highly recommended NYX at 100 and said that in a couple yrs he could see it going to 200 +. When it got to $96 I bought it - now I'm at least $12,000 in the hole on this one. Now today (10/2/07) the Street.com has downgraded Rite Aid (RAD) to Sell. What a crock. All Cramer could talk about was Rite Aid, Rite Aid, and "don't you dare sell Rite Aid". Now he changing in mid stream on this one. I'm not giving up on either of these, but in the meantime taking a real beating. Just don't tell me to "take profits" and sell. What a joke!

[smartinvestor30]

You guys need to keep in mind that he has a show to make, I mean they want him to go on tv everyday and recommend stocks, he can't recommend 5 stocks on Monday and not do the show the next 4 trading days. I think he loves the business and his show is educational to newbie investors and people who generally shouldn't be investing in the first place (because they know nothing about economics, politics, and the market etc).

I think his book gives a good perspective too on investing (Real Money by Jim Cramer).

I think the best thing to do is just short what he recommends like the Barron's Article http://online.barrons.com/article/SB118681265755995100.html

I also want to point out that he is a very good investor but he can't invest the same way on TV like he could solo. He never say to short a stock on his show even though he made "MAD MONEY" doing this as an Investment Banker.

[TopsyTurvey]

I am your everyday investor who is trying to make a little $ in his 401. I do not "short" stocks and do not have a trading margin. I do try and keep the 18time horizon in mind that he recommends. Cramer claims to do a lot of research on the stocks that he features, so when he says that Rite Aid (RAD) is a good investment, then I assume that he has looked at debt, managment, merger/take over status, etc. I do look at it myself, and of course have only myself to "really" blame, but hey - don't come up here and be shocked that they missed guidance because of the generics. I have bought down on Rite Aid until my base is now around $5, and in time, I think it will be back there or above.

And as if the RAD story was not bizzar enough, just last nite (10/2/07), he comes out with CVS as the flagship store in the durg stores. Until now it was WAG as best of buy, and RAD for the future. Never mentioned CVS as I recall. Now, they (CVS) are the annointed ones. Yes, I know that earnings matter and that's the reason for his change, but hey, won't the others be back. Does Walgreen and Rite Aid change overnite?

Don't get me wrong, if I'm going to be critical I'll also give credit. He has been responsible for me making some $. His call on Altria (MO) spinning off Kraft was a real winner.

Know what, I'm really beginning to see how having a managment co do all this instead of myself might be a a good deal - ha!

[Rich]

Cramer buys as the stock is dropping in a pyramid fashion so at 195 u buy 10 shares at 148 u buy 30 shares at 127 u buy 70 shares oh now it's bouncing back already at 144 and u make money MAD MONEY. Cramer doesn't do 3 week trades he's an investor for medium to long term this isn't fast money, it's mad money.


I don't see where your getting this idea, He pushed stocks like TM, GOOG, CROC, VMC, GILD and others that were already on the upswing. Toyota at 119 he said was a tripple buy and two weeks later it dumped.

[Rich]

I used to really like his TV show. Now I turn in every once in awhile. I do not hate him, even though he has cost me a lot of $. I really get tired of Cramer saying "take profits" and get out. Take what profits? To give examples, back earlier in the yr he highly recommended NYX at 100 and said that in a couple yrs he could see it going to 200 +. When it got to $96 I bought it - now I'm at least $12,000 in the hole on this one. Now today (10/2/07) the Street.com has downgraded Rite Aid (RAD) to Sell. What a crock. All Cramer could talk about was Rite Aid, Rite Aid, and "don't you dare sell Rite Aid". Now he changing in mid stream on this one. I'm not giving up on either of these, but in the meantime taking a real beating. Just don't tell me to "take profits" and sell. What a joke!

Hope you didn't sell NYX, there is alot coming out about it and it may climb soon!

BTW, I agree with you, its not that Cramer is bad, its that he doesn't follow up on his recommemdations. He tells us to buy and waits until its too late to share with us its time to get out. I understand Sears Holding, and I believe SHLD will someday go ballistic since they are buying back all there stock shares etc. But Cramer has this rule that you don't use stop limits. Well, if I did use one I wouldn't have lost 22% so far. I finally dumped it along with VMC and will get back to those stocks when someone HERE recommends them, NOT CRAMMER. Until such time I have a lot of work to make up the losses.