'[Dykstra's method] is nothing but a leveraged bet on the market, even if you only select the most conservative, well-managed companies. If the market goes down 30%, you're broke. If it goes up 30%, you're rich."
"Dykstra has claimed that his system had picked 99 winners to just 1 loser, but ... Dykstra was sitting with lots of potential money-losers that he wasn't counting as bad bets-sort of like not adding up the losses on stocks you've purchased unless you sell them."
"He ... stiffed his mother for $23,000 after using her card."
"These kinds of stories don't occur occasionally or cyclically, but are ever-present. Even as Lenny crashes into bankruptcy and our financial system struggles to recover from the bubble, some people right now are eagerly buying into the next set of implausible stories ... No amount of new regulation or oversight will protect them, because there's no legislating against gullibility and the apparently overwhelming desire for a quick score."
The Daily Show was able to blast Cramer, showing a video of him praising Dykstra as being brilliant. I think there was a business association with Cramer and Dykstra, actually.