Posted on 09/26/2008 8:19:39 PM PDT by 11th_VA
20% Jobless
Dow 8,000 (now I know where to get back in)
Cramer was urging people to buy financials a year ago. He’s a leftist loon.
And it’s all right here.
http://patriotroom.com/?p=2479
or
http://www.youtube.com/watch?v=H5tZc8oH—o
The problem is that the market is being propped up with toxic paper. Things can't get better until the valuations on the toxic paper adjusted to reality, thus making it no longer toxic. The only way I can see that happening is to bring the market. Sounds bad, but not nearly as bad as trying to prop up a market flooded with toxic paper. IMHO, The crash is inevitable, necessary, and not to be feared
What is needed is to bring down the house of CarDS, preferably in somewhat orderly fashion. Bringing valuations of goods closer to their actual worth will enhance liquidity in the marketplace. Yes, a controlled demolition of the CDS market will cause people to suddenly see that many of their assets have disappeared. But they won't actually be seeing their assets disappear; what they'll be seeing is the curtain torn away from the space from which assets were stolen long ago.
The hurry for this indicates to me a cover up of something is in full force. There is something fishy here.
Someday we’ll be sweating bullets because the DOW dropped blow 20,000.
I’m in shotgun shells and canned goods, so I’m ready.
I view this kind of talk to be dangerous at a time like this.
It’s one thing to urge folks to be careful, rough times may be ahead. It’s another to insight panic.
Cramer would do well to get himself under control before he starts running off at the mouth.
Well, he is a guy known for his soft spoken style...
I predicted 8,600 a few days ago, with a possibility of 7,000 on the lowest side - so I’m not too far away from Cramer, even though I can’t stand listening to him.
What was your S&P 500 index forecast, say, about a year and a half ago? And, do you have a newsletter we can subscribe to?
I have never been a big Bush fan. Even though I have reservations about his bail out plans, I thought his presentation the other night was the best I have seen him make.
He struck the proper tone. He expressed concern, but sounded confident that a fix would be found. He didn’t try to make points at the other parties expense. He just played it cool and didn’t ring his hands and act like we were in for it now.
That type of thing instills confidence. Yes, we know it’s a big mess and the going may get tough. Still, a person could easily come away from that speech thinking a fix would be found, just be patient.
And now Cramer...
You don’t have to yell to be heard clear around the world. And Cramer does yell doesn’t he. Isn’t that part of his shtick?
I did go to cash in December 2007 and have only bought a little silver since then as a hedge against currency inflation.
Good show; cheers!
Cramer is a moron who cares more about ratings than the financial well being of his viewers.
Never... NEVER listen to these anal-ysts.
Thanks for the mention. I don’t watch his show. I have flipped past it a few times and seem to remember him ranting.
Take care.
I hate television. It is incapable of relaying any information regarding complex issues.
Air time is too valuable.
Viewers too precious to risk boring them.
Agreed, but Lordie did I get trashed for saying the same thing right after his speech!
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