Stock Market History PBS Video: Frontline Presents 'Betting On The Market': First Broadcast In 1997
Mar 26, 2009 at 5:49 PM
DailyBail in bailout video, bailout video, jim cramer, pbs frontline 'betting on teh market', peter lynch, stock market bubble, stock market video

CLIP 1 of 4. Includes interviews with James Cramer, Garrett Van Wagonner, and Peter Lynch.

Clips 2 and 3 are after the jump. Youtube doesn't seem to have a copy of part 4 though I'm still looking.

CLIP 2 of 4---1997 interviews with Cramer, Van Waggoner, Lynch.

CLIP 3 of 4. A FRONTLINE classic from 1997. The Motley Fool, Dave & Tom Gardner, the Iomega Zip Drive meteoric rise and fall, and Jim Cramer comments, among others.

I have copied some of the transcript below.  The complete transcript can be found here.

FRONTLINE Show #1506
Air Date: January 14, 1997

Betting on the Market

JAMES CRAMER, Money Manager: It's the most objective industry in the world. If your numbers stink, you're out. If your numbers are good, you get more money. It's the most Darwinian. It's beautiful. It's brutal. It works.

All right, guys. Let's roll. Buy 5 HMTT at an eighth. See what happens. It's against puts. We're fine. I want to see if you can even buy it. Colgate opens up an eighth.

IBM... August, '95 calls? I want an offering on a thousand. I want an offering on a thousand! I want an offering on a thousand! Yes! Double down. Double down. I want ten... I want a thousand!

MANAGER: Pfizer, 17-and-a-quarter. It's X. We get the dividends.

JAMES CRAMER: Sold!

JOE NOCERA: A new faith is sweeping the country, gathering strength by the day.

JAMES CRAMER: It's 25. It's 25! Okay? It's 25!

JOE NOCERA: Over the years, as a financial reporter, I've watched money manager Jim Cramer turn into one of the market's most avid missionaries.

JAMES CRAMER: Colgate, Colgate, Colgate! Get me, get me, get me!

There are a thousand stocks out there that could make you rich totally independent of what you do for a living, all right? If you had bought Merck in the 1950s, just bought 10,000 shares of Merck instead of buying U.S. Savings Bonds, you would not ever have to work again.

Forty-six-and-three-quarter bid Cascade!

I believe that stocks like Bristol-Meyers, had they existed 100 years ago, there would have been no Marx. There would have been no communism because what's happened is these stocks have made many millions of people rich and they're going to do it again.

Sold!

 

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