"Mad Money" and "Fast Money" question

[zyzzyva57]

Why does Master Cramer have to constantly tell us what he owns, yet those hot-shots on "Fast Money" do not--and this crew is billed as Big Time "Masters of the Universe"? As this crew operates on-air (Cramer Wannabes), I am surprised CNBC let them so shamelessly get away with it...

[Svenwulf]

As far as the fast money traders, i am sure they jump through all the legal-ease with the "sutibility of any investment should be discussed with a financial professional, blah blah blah." I am concerned that they dont have the "conflicts" checklists CNBC uses for even the most obscure mutual fund on dayside programming.

I think Cramer discloses as much as he does because he has undergone soooo much scrutiny in his career. Also, since his action alerts is a public/paid advisory service, compared with the FM traders who i imagine are more cladestine, i suppose disclosure standards are different.

Just my take on it.

[zyzzyva57]

I once read somewhere, I do swear, Master Cramer got in dutch with the SEC, but I cannot find this when I "Google" Cramer...

There must be a reason, however, he has to go overboard about the stock he owns and, incidently, trades...

For example, with his $400 newsletter he tells you about his trades BEFOREHAND, but still, his freedom seems limited, e.g., he hates certain stocks he owns?!

The "Fast Money" crowd looks to me like an SEC "incident" waiting to happen, particularly the four are billed as high speed, wheelers 'n' dealers and they act it with their braggadocio! My mental Red Flag is up with this crew...Thanks to Master Cramer's Wisdom I am getting some nice filters on evaluating stocks and Talking Heads...

I would love to be proverbial fly-on-the-wall when Master Cramer discusses this crowd :)

[Svenwulf]

from one Cramer homer to (hopefully) another:

to my knowledge, Cramer has faced SEC investigation three times, and vindicated everytime:

Smartmoney's "orphan" stock column disclosure notice
involvement with day to day operations at the street.com
wavephore shorting accusation

he writes very frankly about all 3 in confessions, as i am sure you know. i am in no way affiliated with Cramer, other than being a total homer, so there could be other issues we are not privy to. I have only second hand knowledge of how he runs his actionalerts, but maybe just the memories of the previous three incidents, or his long standing friendship with Spitzer, or the ginormous target he has on his back, or just overexuberant legal council persuade Cramer to be so concerned with disclosure. sounds like a question someone should phone in with.

i agree that fast money is asking for it. even the title should get them in trouble, considering the way lawyers have taken over the world.

i am sure Cramer has had something to say about fast money, but i think all 5 of those guys talk a lot more about Cramer. again, i am a total Cramer crony!

[zyzzyva57]

I do not use "Master" lightly here

I confess it has taken me a year plus to begin reading between the lines of his show, but of late, I really appreciate him being a Master and not some damn loud buffon with that egregious "Pimping Around the World" on foreign stock exchanges

When he shows his Wisdom manifested in his book "Confessions..." he provides something the CNBC Talking Heads do not with their zillion dollar funds and corps

At the end of the day, I look forward to his show for an hour of learning

I am amazed CNBC puts on "Fast Money" as it is presented

I try to catch "Fast Money," so I can catch this train wreck in the offing, plus it gives me a chance to evaluate this group of _________ through the lens of Master Cramer

I am sure there was some "legal" issue that forces the over-done stocks Master Cramer owns, because CNBC would not go this overboard...When he traveled in the "Fast Money" crowd, he pushed things into the legal gray area

This group ain't some Stephen King cheesy monster, 'cause they be fer real! Ever wonder why oil prices go up for no apparent reason, for example, just remember this sociopathic league haunts Wall Street...No wonder the "new" Cramer can be so cynical (another thing I thoroughly enjoy about his show)--Gawd, he must be so hated on Wall Street, but I suspect this keeps him honest, knowing these wannabes pore over his every word, hoping for something to rat him out to the SEC...Even for his millions, I don't think I would enjoy the pressure of being hated by this league of __________ :)

[coolio]

I've gotta hand it to the CNBC reporters. They've intervied the "chart guy" several times on the floor. They always ask him that the reason for high oil prices is b/c of people like him. He always responds that its because of global volatility, wars yada, yada. At least they get this on record. He always puts in a plug for the fast money show, though.

Another observation: I can't stand the bald guy. He inflects his voice to sound as tough as he can. Reminds me of that frat guy who has to overcompensate for other shortcomings.

[zyzzyva57]

Compared to Master Cramer there is no comparison, for me

Noise and bravado doth not make a Cramer--particularly the new Master who spends a lot of time explaining things--AND PISSING OFF WALL STREET--MENTIONING NAMES !! This also increases his honesty factor, because the Big Boyz and Gurlz are really gunning for him, while I sit back and laugh me bohonkus off watching him deflate egos (a la the "Fast Money" lot of louts) and gives us a view behind Wall Street

:)

[loslobos71]

on fast money they show on the bottom ticker who owns what and any relationship they or their firm has with that company

I like the show...btw

[zyzzyva57]

Excellent

I will pay attention to the bottom scroll

Thank you

[madcowdisease]

I like the show...btw

I can't stand it. I only watched it once and it seemed this show was all about puffing out their chests. Dylan Radigan is annoying, can't pin-point it, but I don't like him. Maybe get that Erin chick from Street Signs to host it and it would have one redeeming quality.

Lastly, I didn't get the impression the show is at all educational. If you want to get taken to the woodshed by mutual and hedge funds then by all means follow the advice of these guys. They offer no insight but how to trade momentum and flow which is suicide.

[Svenwulf]

stating the obvious:

FM is what to do
Cramer is why to do

..take a man out on a boat and teach him how to puke, or teach him to shop at whole foods (oowwwiee, just another Cramer nailed).. or something along those lines.

[axb8000]

FM and MM are totally different shows agreed. I like them both but that's still for nearly only entertainment value.

[zyzzyva57]

It is a weird show to me. Too many high octane egos for me. It is as if one will be selected as Cramer replacement. CNBC misses Cramer is plain fun and educational. Only a lemming follows his picks without doing homework. These guys are Cramer wannabes.

[111678]

I actually do like Fast Money. I think it is important to make the distinction between Cramer and the "Fast Money Four"...

Cramer tries to speak to more of a layman audience. He doesn't even talk about trading options, ETFs, or commodities (he actually refuses to and cuts people off the phone when they try to).

The Fast Money Four talks about commodities, ETFs, options, floats, basically everything. They don't descriminate. It's whatever makes the most sense at a given time. Because the reality is, stocks are not your only option for investing and should NEVER be where all your money sits.

FM has a segment called "Trading School" where they actually stop and expain what a given topic is about (define terms, explain why a buy/sell has been issued).

One of the only things that disappoints me about Master Cramer is he has the hedge fund knowledge/background yet he refeses to talk about alternative investments to stocks, buying Put options, etc...

Bottom line ... if you want to invest in a stocks ... watch Cramer ... if you want to diversify your investments into options, commodities, ETFs, etc ... watch Fast Money ... I promise you, you will learn a lot.

[Mkt Neophyte]

For example, with his $400 newsletter he tells you about his trades BEFOREHAND, but still, his freedom seems limited, e.g., he hates certain stocks he owns?!

I always figured that it was because his trust has such a big stake that they could not sell without sinking it, i.e, Lucent.

Btw, I am new here, nice to meet you all.

[SmartMoney101]

I think the first few episodes of Fast Money were good, then they tried to go too hollywood with it and it just doesnt fit those guys. I like the format where you can get differing views debating at once, especially from people that are truely in the game, whatever thier agendas may be. I also liked how they brought up old calls and actually discussed what happened to that stock. I always seem to miss the show nowdays, on a bit after I close up shop for family time.

[SmartMoney101]

I actually decided to watch Fast Money today and found it interesting at least. I wish it came on more often, but it seems like they were back to their core of just talking stocks. Ill watch again next week and if they continue, maybe I start watching it regularly.

[Mrculex99]

To the OP, I believe all 'money shows' require commentators to declare when they own something. You see this in financial articles as well, and I'm not certain, but I think the SEC requires the author to write their angle. In PR statements, you'll often here a person say "This communication contains forward looking statements" or "Author owns a long position in company XYZ."

It's a good law I think. Without it, I could write articles all day pumping stocks I own in hopes people buy it, and then I sell it the next day with a gain. I don't think it's meant for hosts to thump their chests, it's so they don't get sued if the stock does what they say it will do. :)