http://en.wikipedia.org/wiki/Jim_Cramer
* In February 2000, Cramer proclaimed that Internet-related companies "are the only ones worth owning right now." These "winners of the new world," as he called them, "are the only ones that are going higher consistently in good days and bad".[29]
* In February 2007, Henry Blodget?himself indicted for civil securities fraud in 2002 and banned for life from the securities industry?criticized Cramer for overstating his abilities as a market forecaster, noting that in 2006 Cramer's suggested portfolio lost money "despite nearly every major equity market on earth being up between about 15 percent and 30 percent."[30]
* In March 2007, Joseph Parnes, a noted short seller featured in Barron's, refuted positions by Cramer on CNBC, and has shown to his audience in his publication, Shortex, that using positions contrary to Cramer's recommendations is actually more advantageous.
* In April 2007, Credit Bubble Stocks criticized Cramer because of a speech he gave on February 29, 2000, at the height of the dot-com bubble, recommending a number of speculative stocks that ultimately fell in value substantially with some even becoming worthless.[31]
* In August 2007, Cramer called for the Federal Reserve to support hedge funds that were losing money in the subprime mortgage crisis, prompting Martin Wolf, the chief economics commentator for the Financial Times, to accuse Cramer of advocating an offensive and catastrophic "socialism for capitalists".[32]
* On January 22, 2008, Jim Cramer was confronted by Rick Santelli on CNBC for Cramer's bullish perspective over the preceding several months and how this contradicted Cramer's recent forecasting of a bear market (after significant market drops) and "how things were incredibly dangerous."[33]
* In May 2008, a review by CXO Advisory showed that Cramer's stock picks have done worse than the market averages.[34]
* On September 15, 2008, Cramer invited the CEO of Wachovia on his show, Mad Money, in order to recommend the stock to potential investors.[35] Cramer agreed with CEO Robert Steel that the company was fundamentally sound and that the ratio of good loans to bad loans was low. Cramer would recommend the stock to his viewers before Citi announced their intentions to acquire Wachovia's banking operations. [36] On Monday, September 29th, Wachovia's share prices dropped over 95% in the pre-market and over 80% in market hours following news of a possible Citi acquisition. [37] Prior to this, Cramer had stated, "This is run by Bob Steel. He's as close as we're going to get to a great banker. I think he's going to make this a great company. "[38] Cramer would later say "I screwed up".[39] Eventually, Wells Fargo would purchase Wachovia for $15.1 billion in an all stock deal leaving Wachovia shareholders with 0.1991 shares of Wells Fargo for every share of Wachovia stock, resulting in a large decline in stockholder value.[40] In 2008, Wachovia shares have declined 88 percent.[41]