Posted on 02/01/2010 12:45:40 PM PST by Comrade Brother Abu Bubba
CRAMER: OBAMA FORCING US INVESTORS OVERSEAS
CNBC commentator Jim Cramer says President Obama is picking a fight with the stock market and that investors should turn overseas as a result.
“We have a president who is kind of turning on the stock market in a populist way,” Cramer said on the air.
“If you’re a populist, you think that the stock market is for rich people. I hear that kind of thing in his voice, and it makes me say, ‘Maybe I should now focus on foreign stocks.'”
Cramer recommends that investors lift foreign stock holdings to 25 percent of their portfolios, up from 20 percent normally.
“The U.S. is becoming unfriendly to business, that’s just a fact of life,” Cramer said.
“This country’s getting tougher and tougher to make money in.”
Investors have to look at everything through the prism of what will be the next target for the White House, Cramer says.
“Is oil next for Obama? Why not?” Cramer said.
“The companies make a lot of money. They use U.S. government lands.”
Bottom line: “The White House is back in that mode which thinks the stock market simply isn’t very important,” Cramer says.
Not everyone agrees with him.
Investment guru Laszlo Birinyi expects U.S. stocks to gain 10 percent or more this year amid growing investor confidence and increases in corporate takeovers and share buybacks.
“The surprise is going to be on the upside,” he told Bloomberg.
Gee, sounds like Jimmy Crammer has finally caught on that dems aren’t good for business. Who would have thought a supposed “market guru” didn’t understand the connection between dems and market misery. Asshat.
Financial collapse is coming.
“Gee, sounds like Jimmy Crammer has finally caught on that dems aren’t good for business. Who would have thought a supposed “market guru” didn’t understand the connection between dems and market misery. Asshat.”
Cramer was just protecting his gig at CNBC. GE would have no dissent from the Obama love fest. Maybe now that Comcast is in the picture, the Cramer is feeling a little more free?
But he’s still an asshat!
What’s up with that? I thought Cramer loved Obammy to pieces, thought he’d be the greatest president in history. We’ll all get rich on green jobs, right? I don’t get it.
..Obama just doesn’t understand that over 50% of Americans are stake holders in Wall Street now days...what used to be an esoteric part of the economy is now mainstream thanks to the popularity of the 401-K among employees...not to mention the Unions who have invested funds in the markets....the DEMS war on The Street will come back to bite them in the ass.
Financial collapse is coming.
And when it does,he will probably be at + 3 on Ras’s daily approval...
Jimmy Crammer is the George Castanza of market predictors. Whatever he says - do the opposite and you will make money. Actually, they both kinda look alike too.
There are a lot of companies here in the US worth investing in. I work with them everyday.
There are some exciting small companies looking for investors that have some great things in the work.
Which side of the fence is Cramer on today?
“Actually, they both kinda look alike too.”
But George is less annoying!
Don't get too excited. He won't generalize the concept. It is only this bunch of Dems this time. When the next 'rat comes along Cramer will again tout him as the savior.
Actually the Taxpayers are at war with the Taxtakers. The Citizens are being plundered by the Government employees. Business is on life support in a coma and Obama is flailing and floundering like a break dancer on crack.
Seriously, we are in deep trouble. As you know.
Looks like the F**KHEAD (Thats my nickname for that Obastard) is going to Indonesia in March - probably to destroy records
http://news.yahoo.com/s/afp/20100201/pl_afp/usindonesiaaustraliadiplomacyobama_20100201193915
Financial collapse is coming.
That’s the ‘Progressive’ agenda.
There’s no possible way out of this.
Anyone who expected otherwise prior to the election of our Great, Historical, Unprecedented Leader had to be in a coma during the election.
As a small business owner, who understand what value creation entails, the downturn after the election was the process necessary to prepare for the “Progressive” agenda. The looters/moochers are coming after the producers.
There’s no possible way out of this.
>>>>>>>>>>>>
A lot of people are in denial. It’s a matter of time before it really hits. .
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