To: melinda abplanalp who wrote (5240 ) 4/9/1999 8:57:00 AM From: Rande Is Read Replies (1) | Respond to of 57584
Tokyo Joe vs. James Cramer: TOKYO JOE: The market is not going away,, Jesus is not coming down on year 2000 to Jerusalem,,,, Nostradamus,, is not going to manifest his toilet training on us.. and the pundits like Jim Cramer who lost 30% of his clients and made only 2% last year says ,, we are going down, we know we will go up.. [March 24, 1999. . .spelling corrections made] CRAMER: There's a well-known online stock maven who calls himself TokyoMex. Like me, he manages money for clients and also writes publicly about stocks. His online following, judging from press accounts, is much bigger than mine. TOKYO JOE: Happy to report that ,,I do not manage, any one's money,, also,, I make a full disclosure as to what I am buying and what I am selling, CRAMER: I was up 2 percent vs. much higher S&P results. What can I say? TOKYO JOE: Societe Anonyme members ,, average return for 1998,, for those that were with SA since inception is ca 200% CRAMER ON THE BROKERAGE INDUSTRY. . .[We all can agree with this]: The industry wants people to be kept in the dark so it can charge more for its services. The journalists who would stop me are complicit with that ignorance and are willing tools of those that would like the reader to have to rely on those who charge high commissions or high fees to unknowing, worried consumers of finance. Tokyo Joe is the founder of Societe Anonyme, an investment group with 3000 members. He directs their trading from his own website. James J. Cramer is manager of a hedge fund and part owner of and columnist for TheStreet.com. This compilation was fabricated via excerpts from letters and articles from both parties.