Jim Cramer gone mad? Bullish on Apple
by Justin Horn on Mar 20th, 2009 @ 11:09 amAs I’m sure you know by now Jim Cramer, of CNBC’s Mad Money, appeared on the March 12th episode of The Daily Show with Jon Stewart. During this interview Jon Stewart played a December 2006 video from The Street website. In this video Jim Cramer discusses how easy it is to short and then manipulate Apple stock, in this case by spreading the rumor that neither Verizon or at&t want the iPhone.
I guess Jon Stewart was able to show him the light because now he is bullish on Apple. In the Thursday night’s episode during the “lighting round” Cramer takes a question about Apple and here was his response:
I’m not going to go against Apple, what was discovered in the last few weeks is that as they introduce new product after new product after new product that Steve Jobs is not alone, there’s like a thousand Steve Jobs at Apple, I’m sticking with my recommendation, I think apple goes higher.
This just shows you the power of Apple, even this Cramer guy can’t think of anything bad to say about Apple.
If you watch the clips below I recommend skipping to the part about Apple (about the 7 min 30 sec mark) as this guy is pretty annoying.
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Apples & Oranges, Stock Market
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dude.. I’m not going to watch the video even though he can’t find anything bad to say I still can’t stand him… all that yelling and throwing crap.. what a douchebag