Jim Cramer Knew About the Dow Jones Bid Eleven Years Ago
Considering that he told his bosses at Goldman Sachs about the insane money making machine that is asset management years before they did anything about it, and sensed that the Japanese were up to something, re: Pearl Harbor, on December 7-- 1935, it’s not surprising to hear what The Crames told Liz Claman yesterday about the Deal of The Century:
Rupert Murdoch called me in 1996 when DJ was in the 40s, higher than it is now, and asked me if he should make a 73 dollar bid. I suggested at the time that family would reject it and that he should go directly to it. Obviously ten years have past, the stock is substantially down, and the company may be fed up.
Of course. Cramer knows about every deal. Way in advance. Eleven years in advance. Jim Cramer is eleven years ahead of all of us. He's living in 2018 right now. He already knows about SiriusXM buying Clear Channel-- at $2/share.
Comments
The bobbleheaded one annoys me as much as anyone, but he has mentioned Rupert approaching him re WSJ before yesterday. Not sure if it was his show or one of his books ( I do think it was "Confessions of a Street Addict", but Cramer is on so much who really knows, all the "Booyahs" blend together), but let's only hammer him for his actual idiocies.
Cramer is in the right kind of circles that Rupert would approach him. I'm not saying he's an investing God or anything (btw did I make it clear how much I hate his show and think it's too retarded for Spike, nevermind CNBC?) but he hangs out with the right people and has been involved in some interesting deals that make this plausible. He did start TheStreet with Marty Peretz, he did run Spitzer's money (through schemes that Spitzer put people in jail for until January), and he did call UnderArmour at $3. Ok well the last one's stupid, but he really is some substantial fraction as connected as he claims to be, or at least he was at one point.
Posted by: Bulging Bracket | May 2, 2007 04:13 PM
Cramer's stories are starting to bear an eerie resemblance to Grampa Simpson's recollections.
Posted by: Zbignew | May 2, 2007 04:27 PM
Bravo, Bess Bravo.
Posted by: BA | May 2, 2007 05:02 PM
Not to curb any of your sarcasm, but he does mention this in his "Confessions of a Street Addict", that's been published for a few years now. Some fact checking is surely in order here, before any more blogging.
Poor Cramer, gets beat up for everything by everyone!
Posted by: Street Addict | May 2, 2007 07:45 PM
but he said it again yesterday...ppl are getting sick of his "i knew about this yrs ago" shit...post is valid
Posted by: Anonymous | May 2, 2007 07:56 PM
He also knows about the Chicago Merc buying the NYSE and turning Chicago into the financial capital of the world; or so he said in some magazine in January 05 or 06!
Posted by: Man | May 3, 2007 06:06 PM
And he's still a huge loser with the investing prowess of ...(something with no intelligence)
Posted by: Man | May 3, 2007 06:08 PM
And he's still a huge loser with the investing prowess of ...(something with no intelligence)
Posted by: Man | May 3, 2007 06:09 PM