Posted on 09/29/2008 7:35:10 AM PDT by pjsbro
If you thought you heard Cramer call a bottom during Tuesday’s Mad Money, you were right.
“It smells to me like something, in fact many things,” he said, “have at last changed for the better.”
“I am indeed sticking my neck out right here, right now,” Cramer continued, “declaring emphatically that I believe the market will not revisit the panicked lows it hit on July 15. And I think anyone out there who’s waiting for that low to be breached is in for a big disappointment, and [they’re] missing a great deal of upside.”
“Stop waiting,” he said, and “buy the next dip because I think it might be the last big one.”
(Excerpt) Read more at cnbc.com ...
Cramer is a joke; he admitted to churning account back in his broker days and he has not changed.
CNBC, like good Democrats everywhere, did everything in its power to induce recession in the economy. They succeeded far above their expectations, and I hope the entire bunch will be selling apples in the streets of NYC by Christmas. They richly deserve to have their network collapse right along with the financial system they destroyed by airing every rumor they heard or could fabricate themselves.
anything cramer puts out there he’s already made his $$ on...;)
Yes, he is a joke. I was a fixed-income trader and we looked at guys like Cramer as used-car salesmen.
Sorry if I offended any Freeper that is a used car salesman!
Cramer’s hedge fund went bankrupt during the 90’s boom. He’s no different than Johnny Wu. He failed at something, but now he’s getting rich telling us how to succeed at what he failed at.
Yeah, Cramer is just another Dem shill...I love that anti-Cramer website....
Isn’t this the same guy who was touting Bear Stearns as a “great buy” at $58 a share? Why anyone would watch this guy’s show and listen to anything he has to say is boggling.
Anybody who makes an investment based on Cramer’s or any other TV personality’s recommendation is a bigger fool than they are......
That’s the guy. He also was overheard reassuring passengers boarding the Titanic that there were plenty of lifeboats.
and merill lynch, goldman sachs, etc.
Apparantly a lot of people have problems with that idea ~ it's good for a laugh every time he gets one of those.
Recently I sold everything for far higher than that stock had ever gone. Figured a naked short seller or two had been using the stock as a "bank" between trades, and, lo and behold they had been, and boy did they want some share certificates bad!
They paid a serious premium.
I am looking to buy now, but it's only down 4%. Gotta' go lower ~ maybe 40%. 2 or 3 days under the new monetary regime ought to do it.
Come on sugar, baby needs a new pair of shoes!!!
“Isn’t this the same guy who was touting Bear Stearns as a “great buy” at $58 a share?”
As I recall, that is being taken out of context. In that exchange, he did not recommend buying bear stock.
That’s why I like Fox Business channel market commentary. It’s patriotic and not gloom and doom. But their reporters are horrible with breaking news...always way behind CNBC so I can’t help but watch CNBC in treacherous times.
“Cramer’s hedge fund went bankrupt during the 90’s boom. “
Is this true? I know he was very close to collapse, but my understanding is that in fact he had avoided going under at the last minute.
I don't know about that....I guess it depends on how you interpret what he's saying. How would you interpret this? (Note BSC is at $62 and change)
he was saying don’t pull your funds (meaning customer deposit funds) from bear (clearing). this was what the question he answered was about, after all.
Please. Do you really think that’s what Ma and Pa investor were thinking when Cramer was screaming “they’re fine” while flashing their stock chart at $62.00 a share?
“Please. Do you really think that’s what Ma and Pa investor were thinking when Cramer was screaming “they’re fine” while flashing their stock chart at $62.00 a share?”
Sorry, I despise cramer (as any search of my posts on him over the years will show), but you cannot blame him for something he demonstrably did not say. The question concerned a customer moving his funds from bear, and cramer said no, bear was fine (for him to leave his funds in).
I think his producers show stock charts on everything he talks about, not just bear.
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