You Got Screwed! Why Wall Street Tanked and How You Can Prosper | 
 enlarge | Author: James J. Cramer
Publisher: Simon & Schuster
Category: Book
List Price: $20.00
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Rating:  36 reviews
Sales Rank: 30455
Media: Hardcover
Pages: 128
Number Of Items: 1
Shipping Weight (lbs): 0.6
Dimensions (in): 8.6 x 5.5 x 0.6
ISBN: 074324690X
Dewey Decimal Number: 332.6
EAN: 9780743246903
ASIN: 074324690X
Publication Date: November 5, 2002
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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Product Description
You've been screwed.You've been bludgeoned, skewered, crushed, mutilated by the stock market. Every day you read about another corporate scandal: loans to CEOs that didn't have to be repaid, accounting "irregularities," profits that never existed. You think the stock market must have been rigged. And you're right. You were betrayed by the stock promotion machine -- the mutual fund managers, the brokers, analysts, strategists, and stock gurus who brainwashed you into buying and holding and believing that stocks, like parents, always come through and bail you out in the end. So now what do you do? Where do you put your money? You can't just leave it in the bank or stuff it under the mattress. For fourteen years Jim Cramer ran a hedge fund that compounded money at a rate of 24 percent annually after fees, and then he got out at the end of 2000. He knows that there are ways to make money, smart ways that don't require you to own stocks blindly. There are other investments that won't send you to the poorhouse. This book will tell you what went wrong, who the bad guys were, and what you have to do to restore your financial health. You can't just close your eyes. Ignoring Wall Street isn't the answer. Cash alone isn't the answer. This book has the answers.
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| Customer Reviews: Read 31 more reviews...
 Very informative, worth every penny May 9, 2007
Benjamin J. Denney
This short but very informative book gives you a history lesson on how companies have been screwing over the public for years to make a small group of people a lot of money, It teaches you how to watch for it and avoid becoming a victim of insider trading yourself.
Worth every penny.
 The title of this book should be YOU GOT SCREWED! AND HOW JIM CRAMER SCREWED YOU! February 18, 2007
shooter1998 (phoenix, AZ)
4 out of 13 found this review helpful
In late December 1999/early January 2000 at the height of the tech bubble, Jim Cramer appeared on CNBC and screamed this mantra like a maniac at viewers, "If you don't buy ICGE now you are an idiot!! ICGE -- ICGE -- I SEE GE -- I SEE THE NEXT GE -- Get it -- Get it now!" If I remember correctly those were the words he screamed in a fury. The word "idiot" may have been "imbecile" but the point is he wanted to make you feel really stupid if you missed this golden opportunity.
Shortly afterwards the stock started dropping like a rock and Internet Capital Group fell from something like $220 a share to half that in no time flat. Now check out a chart to see where the next General Electric is.
How Jim Cramer got away with this is beyond me. I just found an article in my archives dated 12/20/1999 about "Why Jim Cramer is a Big Fan of Internet Capital Group" but because of copyright laws I don't believe I am allowed to post it here. In the article he stated that his hedge fund owned a large stake in the company and that he was looking to buy more on any pullbacks. What a load of bull. When he says BUY, you should say BYE as you switch to another TV channel.
Good luck if you put your trust in this guy.
Typical Cramer Rant - But What's The Point? December 31, 2006
Joe Waynick (Phoenix, AZ USA)
2 out of 5 found this review helpful
Don't get me wrong, I kinda like Cramer. He's entertaining. He's funny. He's run a successful Hedge Fund. He's made a lot of money. He's also often wrong.
Here's my personal experience with Cramer. A few weeks before the collapse of Tyco, Cramer was hyping the stock on his Real Money radio program. If I remember the quote correctly he said, "I would be remiss if I didn't buy Tyco at these levels". So Tyco fell to $32, I bought 1,000 shares. Tyco went to $35 a week later, I sold and made a sweet profit. A week after that Tyco tanked. The rest is history.
I got lucky.
Even though I made money, I suddenly realized how foolish it is to buy stock on the advice of any pundit. I counted my blessings, thanked God I didn't get creamed, and learned a valuable lesson. I wonder how many others weren't so fortunate.
This book fires bazooka rounds at the corporate excesses of the 90's and early years of the millennium. It lobs well deserved grenades into the boardrooms of the brokerage industry. Then it spits a pea shooter's worth of advice at how to avoid getting "screwed" again. Like I said, Cramer is entertaining.
Clearly, Cramer is angry at something or somebody. Maybe he's feeling guilty about his own contributions to the largess of Wall Street and wants to make amends. If that's the case then I understand why he wrote this book. It's a laudable goal. Who knows?
What I do know is there's nothing really new in this book. It provides some very interesting background information about a pivotal point in the country's financial history. It readdresses some of the deck stacking practices of the financial services industry, and it rehashes, in a minimal way, sage self-help advice that can be found in numerous other places for free.
It's not a bad book. And Cramer is not a bad guy. I actually believe the Real Money Cramer is a far different man than the Hedge Fund Cramer. A man for the better in my opinion. So I give him the benefit of the doubt.
If you know nothing about how corporate shenanigans work or how Wall Street works this book is a good primer. You'll just have to go elsewhere for the details.
Unbelievable May 28, 2005
CR
21 out of 64 found this review helpful
James J. Cramer is responsible for much of what occurred during the tech bubble. He was a cheerleader for the tech boom and now says that others got screwed? HE WAS DOING THE SCREWING! This is hypocrisy at its best.
From his near firing at Goldman to the collapse of his own company (TheStreet.com is down 90% plus from its IPO price) Cramer is a genius - at cashing in on his own failures.
Do not touch this book with a 50 foot pole.
Trust no stock under $30???? May 13, 2005
Kristin J. Johnson (Palm Desert, CA)
11 out of 18 found this review helpful
Jim Cramer rules. Anyone who can mix schadenfreude (German for vicarious pleasure in others' misery), Pangloss from CANDIDE, sports analogies, and pop culture references with a straight shooting approach to finance and investing is cool. More importantly, he does a better, more readable job of dissecting big bad Corporate America than Michael Moore ever could (Cramer and Moore both got skewed in a bad-guy list of RADAR that stated the scariest facts about both, respectively, were "Is married and has children," and "Won an Oscar"). Jim Cramer isn't a get-rich-quick franchise.
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