Just a Small Sample of Cramer's Terrible Calls...

In 2007, Cramer was completely wrong about the far-reaching ramifications of the subprime mortgage crisis...


"Subrpime is completely meaningless. I am now saying that if every loan in 2006, that was subprime, blew-up, 500 billion, if they all blew up, you would still not notice. This is an issue that people want to really, umm, really, make a, just a gigantic hill out of what I think is a mole hill."--July 16, 2007/TheStreet.com TV/DOW 13,950

And was plowing into over-priced stocks as the market TOPPED...

"They are over-thinking this stock market. I see so many people killing themselves worrying about inflation or housing, boy I tell you, you watch people come on TV and they're like, 'oh it's so scary because of mortgages or gold sky-rocketing or weak dollar or that oil's out of control,' I mean it just sounds like every thing's just so bad out there right? Everything that makes you think that this stock's too high, or this stock is over-valued, or this stock must come down, you have to put it aside at least for the moment because it will stop you from making money. We've got a huge wall of money rolling right at us courtesy of the FED and that's taking everything higher cause cash ain't makin' as much as it used to. Sometimes it's that simple and it doesn't pay to over-think it. In fact, it pays NOT to over-think it. Many stocks are over-valued but they're going higher."--October 31, 2007/CNBC/DOW 13,930

"You should be buying things and accept that they're over-valued, but accept that they're going to keep going higher. I know that sounds irresponsible, but that's how you make the money."--October 31, 2007/CNBC/DOW 13,930

"Forget what you used to know...it's not working right now. So go buy some Transocean, go buy some Deere, go buy some BIDU, just go do it, it's OK. Go buy some Google...buy a little. Stop worrying that everything's too expensive for the moment."--October 31, 2007/CNBC/DOW 13,930

And making of "predictions" for 2008--all of which end in disaster:

"Goldman Sachs makes more money than every other brokerage firm in New York combined and finishes the year at $300 a share. Not a prediction—an inevitability. In fact, it’s only January, and I think it’s already come true.--Dec 30, 2007/NY magazine/GS stock was 211.94 and traded down to 47.41

"Google roars to $1,000. I like Google enough to put this one at 7 to 1. If you use an $800 target, make it 5 to 2." --December 30, 2007 NY magazine/GOOG stock was 702.53 and traded down to 247.30

"Apple goes to $300. This year: 25 to 1. Next year: 5 to 1. "--December 30, 2007 NY magazine/AAPL stock was 199.83 and traded down to 79.14

"We are running out of oil more quickly than people can imagine, and that means great returns for oil companies. Just buy the stock of the company you filled up at today or buy a driller (Transocean’s my favorite), then sit back and make money." --December 30, 2007 NY magazine/RIG stock was 146.02 and traded down to 43.45

"Colgate, Clorox, Whirlpool, and Black & Decker get snapped up, too. All six companies’ stock prices head north. Lots of moving parts, but let’s put the odds of at least one of these deals happening at 3 to 1. A perfect Pick Six pays 50 to 1." -- December 30, 2007 NY magazine/All of these stocks traded much lower and none were "snapped up."

Not to mention this beauty:

"Bear Sterns is fine. Bear Sterns is not in trouble. Don't be silly."--March 11, 2008