Posted on 10/07/2008 8:10:10 AM PDT by Jabrown
Edited on 10/07/2008 8:52:36 AM PDT by Admin Moderator. [history]
...Later in the day as the market appeared to be melting down, Cramer on CNBC told viewers that a decline to ...
The same Jim Cramer that said Bear Stearns was a great stock two days before it collapsed?
Cramer is unhinged, and I miss the STL.
Loud-mouth, inflamatory, idiot.
I been waiting for a sign.
- The same Jim Cramer that said Bear Stearns was a great stock two days before it collapsed?
Exactly. Kramer has never been right about anything. If Kramer says the market is going to tank. it means its hit bottom and will start going up.
If you want to be rich, listen to Kramer and do the exact opposite.
Was he screaming, waving his arms, throwing things, and pounding multiple sound effect buttons when he said this?
If not, how do we know it was the real Jim Cramer?
Not as good of a sign as the CNBC Dow 14000 celebration last July 17.
He is a basket case sensationalist.
Didn't Buffet place a bunch of money behind GE this past week?
Cramer’s tirade is as good a sign of the bottom as any.
Stopped clock. Twice a day.
Just do the opposite of what he says and you’ll prosper. When the market is at the top, he’ll scream buy buy buy, when it’s bottomed out, Sell, Sell, get out!
Cramer is a contrarian indicator. Do exactly the opposite of everything he says and you will be rich.
Ignore this idiot. He is friends with short hedge funds. He ran a hedge fund and was friends with Spitzer.
http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html
This is cooridinated attack (Soros, ACORN, Ayers, Alinksy, OBama) - a coup and the largest robbery in history. Set up by the Fannie and Freddie fraud.
The sad thing is most Americans cannot fathom what is going on let alone believe it. What makes it even worse is it is global.
Buffet laid out 3 billion to GE.
He’s basically acknowledging one of the more drastic scenarios floating around in the financial ether that the Dow could retrace and give up everything gained since its 2002 low. Such a move would be a 100% retracement, whereas a normal retracement is only 50%. It’s not unreasonable with the depth and breadth of the crisis, but I think unlikely.
What Cramer (who is indeed a contrarian indicator) forgets is that there is nothing keeping anyone from modifying the components— the 30 stocks— which comprise the Dow. Don’t like the results, fudge the numbers...AIG, a Dow 30 stock at the onset of the crisis, has already been replaced. Ditto for Wamu, Countryside, Lehman Bros. in the S&P500.
Short selling resumes tomorrow (unless Uncle Sugar and his buttboy Jorgito step in again) and the pressure will indeed be down, which will be followed, probably on Friday by that most inevitable consequence, the “short squeeze” where shorts are compelled to buy shares to cover their positions, creating artificlly high demand for shares of the affected companies. Pop to the upside.
Likewise Bush.
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