This is a very interesting interview. In part 3, you will hear Cramer say “these CEOs of the big banks came to me and constantly lied to me”. That is why he told people to buy them. Book cooking is one of the biggest problems of fundamental analysis, which advocates thorough studies of a company’s financial statements, which could be easily cooked. As I detailed in Trading VS. Investing , technical analysis(TA) always triumphs over fundamental analysis(FA). For day trading, there is absolutely no need for fundamental analysis. For swing trading, it might be OK to use a little bit FA.
The videos also show CNBC’s Mad Money is nothing but an entertainment channel. We can all watch it just for fun, nothing but just for some laughs.
March 12, 2009: Jim Cramer Unedited Interview Pt. 1
Jim Cramer Unedited Interview Pt. 2
Jim Cramer Unedited Interview Pt. 3
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