CNBC’s Cramer: Spiraling National Debt to Cause Bear Market in 18 Months

Newsbusters ^ | September 9, 2009 | Jeff Poor

[Rufus2007]

Since hitting their lows back in March, financial markets have rallied in the wake of last year's financial crisis. The Dow Jones Industrial Average (DJIA) is up 43 percent since March 9. But can it last?

It could be all given up with this rate of government spending according to CNBC "Mad Money" host Jim Cramer. Cramer, responding to a viewer e-mail on his Sept.8 program, explained what a higher national debt would mean to the average citizen and investors in the near and long term. He said expect the market to go down and higher taxes eventually.

...more (w/video)...

[Rufus2007]

Cramer is wrong about a lot, but I sort of think he is right this time...

[ken21]

remember when he went off the democrat plantation

and he had to apologize to get back on?

[Question Liberal Authority]

The Dow Jones Industrial Average (DJIA) is up 43 percent since March 9. But can it last?

43% gains every 6 months? Of course it will last.

Dow 13000 in March 2010, Dow 19000 in September 2010. By the 2012 election, the Dow will be 81,000 easily.

Of course by then it will take $81,000 to buy a roll of toilet paper, but still.

[BenLurkin]

Now he's going to have to apologize to GE.

[DManA]

The prediction that there is a bear market in our future is completely worthless. Of course there is. In order to make money from it timing is everything. My advice is never listen to Cramer about anything.

[TheClintons-STILLAnti-American]

I guess it’s time for Manic Jim to get another stern talking to not to stray too far from approved Party rhetoric, if doesn’t want to be destroyed.

[Tarpon]

Spiraling national debt is NOT sustainable for 18 months.

[Colvin]

Is Jim desparatly trying to be right about something?

[Frantzie]

Coming sooner than 18 months. The only possible positive news was the hearing at Jedge Carter’s chambers yesterday.

[dalebert]

if this is true then we dont need anymore gov healthcare...

[Red in Blue PA]

That is EXCELLENT advice.

People need to Google: “Cramer” and “Winners of the New World”

[Alberta's Child]

Oddly enough, he may be completely wrong on the stock market even if he is right about everything else related to it.

I can easily see major U.S. corporations growing rapidly in an inflationary cycle, especially in a business climate that can best be described as "fascism." We have entire industries that are effectively nationalized at this point, which means their profitability can be enhanced even if their business practices and the overall business climate is poor.

[Osage Orange]

What...like a broken clock?

ROFLOL!!

Cramer is a joke....

[GOPJ]

I thought it would happen sooner - some think Dems will keep “charging on the taxpayer’s credit card” until past the next election. We’ll know soon.

[DManA]

There was an excellent video a while ago (sorry can’t point to it) that showed him changing his point of view 180 degrees within a day. Not only did he change his view, but he actually ridiculed people who held the view that he himself held the day before.

[Grampa Dave]

Sorry, Jim, you supported the 0b0z0 in 2008 and never worried about what he told you and us, he would do to America.

Jim, forget about getting a job with Fox Business when CNBC folds.

[hosepipe]

Looks like it could be a Moose Market..
Very ugly with big antlers.. with the only purpose for being; to screw somebody..