I stole this from Soot and Ashes because it fits in so well with your thread, showing why someone would want to distance themselves from a Cramer call:
Jim Cramers call of the housing market bottom on national TV, July 25, 2008 on the Regis and Kelly Show:
Regis Philbin: These are tumultuous times.
Jim Cramer: …I’m a buyer! I’m a buyer! I’m a buyer!
Regis Philbin: Is this the time to buy a house?
Jim Cramer: I want to buy not one house. I want to buy 2 houses. I wanna go…I’m going out to California in another month and a half. Prices were up very big there; looking at the Palm Springs area. Prices down 2/3rds. When are we gonna wait until we are down 100%?
Kelly Rippa: Isn’t it time for Regis to buy Joy that vacation home she’s dreamed of on the Florida beach? Isn’t it time for Regis?
Jim Cramer: Well, no. On the west side it’s already moved up. It’s too late. Can you believe it? East side, east side is there, 50% down. East side, I want you to go down with me and we go buy a couple. Go buy a couple!
