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And thus begins the mini-boom to be followed by the actual depression…
This bull, has Chinese bones.
BTW–Cramer failed in everything he predicted over the previous year, so there is no reason not to follow his advise.
Same with Congress.
Same with the Trading Houses.
What a study of History teaches us is that we don’t learn from History.
Why would anyone still listen to this guy? I’ve heard two other financial guys like this clown say that this is a mini-boom.
His praise of Obama seem to be more political than anything else.
What a dick.
I think we will see the occasional uptick, but we got a lot more trouble ahead.
Before this will be over:
We must endure the second half of the mortgage melt down (see the december 16,2008 story on this very blog)
We must correct the mistakes made by the financial markets so this doesn’t happen again (see last nights Bill Moyers interview with Bill Black transcript) .
We must come up with a sound energy policy to hedge against fuel prices that will skyrocket again as soon as a recovery finally starts to take hold. Failing to do so means we will shift from a deflation cycle to a hyper-inflation cycle.
The market, bonehead, NOT the Stock market!
This is truly Krusty the clown of money TV…
Blarney.
Why does this Cramer have a show?
Is it aimed a 4th graders who watch CNBC? It’s hard to figure out what he is trying to say with all his dancing around, sound effects, shouting and toys. In the end he is just guessing up or down, odds are he might be right half the time by just dumb luck.
My guess the market will hobble along in the 6500 to 8200 range for another year on maybe a bit more then start a slow climb. Not much the Obama can do about that. They can put in some sensible regulations so the next time this happens it wont be so bad and they can save some of our nations more important business from oblivion. That’s about it. When investors feel stocks are at the right values or under valued only then will money will flow back to the market not before.
When the market starts to rise it will float most boats.
Found this via a Goggle search on “Jim Cramer accuracy”:
“In January of 2007, Jim Cramer made a total of 194 bullish calls and 123 bearish calls. Out of the 194 bullish calls, 60 are right calls. Out of the 123 bearish calls, 53 are right calls. The accuracy of Jim Cramer’s bullish calls is 30.93% and that of his bearish calls is 43.1%. The combined accuracy is 35.6%. ”
Even a coin flip will get you 50% right. Cramer is without peer as a contrary indicator.”
And another site indicating Cramer’s slightly worse than coin flip accuracy:
Jim Cramer Deconstructed (Last Updated 3/27/09)
“Based on subsequent stock market performance and our judgments about his forecasts for overall stock market direction, Jim Cramer is right about 46% of the time with his stock market predictions, a little below average. His forecast sample size is moderate, as is our confidence in this conclusion.”
there should be another 10% dump…
BUT.
my concerns are OLD corps that are using the NEW corp/business strategies..
OLD corps should be self sufficient..And not be ON THE STOCK EXCHANGE..
UTILITIES should NOT be on the stock exchange..
READ the words in the NAME “STOCK EXCHANGE”, STOCK is not that little piece of paper, it is NOT an investment into a company..IT WAS’, the word for STOCK, as in cattle, foods, and so forth.
The LA Times says: “At 8.5% the unemployment rate is at its highest level since November 1983, when it was dropping from a late-1982 peak of 10.8% during the recovery that followed a recession that hit the manufacturing sector hard.
A broader measure of unemployment, which includes laid-off workers who have given up on finding jobs or who have been forced to take part-time jobs, shows 15.6% of workers unable to obtain full-time work.
That was up from 14.8% in February and 9.1% in March 2008.”
So it seems really bad out there.
Of course Cramer he is talking about the Stock Market… Which will lead ‘reality’ by 6 months… right?
But, what I don’t get is just because folks can’t refi and squeeze some cash out of their assets or feel rich because their assets are not expanding in value as much or at all.. so now we are in a depression?
People still have to live, eat, go to school/work. right?
It’s like when you come off a really good high and now ‘reality’ just isn’t good enuf and now you are depressed…
I think the market is cheap and a few years from now you will kick yourself if you don’t speculate a little…
my 2c.
How many times does this idiot need his ass handed to him before he realizes he has no clue? The Daily Show must be awestruck at how easy he is making their job.
There is the three-part video available at Comedy Central:
http://thedailyshow.com/video/index.jhtml?videoId=220536&title=Jim-Cramer-Pt.-1
removed w3…. 🙂
J/P=?
He’s right at the end, government is most certainly on the side of big business. In fact in some cases they’tr now one in the same.
lol seems a good time to start shorting..
Or is it too late for that? O_o
1/2 the market is POSITIVE THINKING, and IF’ you can make EVERYONE THINK the same..
There has to be better controls on WHAT makes a STOCK, go up or down..
It was very funny with OIL..as the MORE persons buying a STOCK you would think would drive the PRICE DOWN.
THERE has to be a VALUE behind WHAT is forcing the price up…NOT positive thinking..or Manipulation.
Commodities, are different.. Its like INSURANCE on crops or goods. And investment into the idea that your GOODS will be worth more later.
You guys can hate Cramer all you want….he is richer that all you jokers put together and he did it in the stock market.
#21 says “It was very funny with OIL..as the MORE persons buying a STOCK you would think would drive the PRICE DOWN.”
Obviously you don’t know how stocks work. For any company there is a specific number of shares of stock that have been issued and are available. If a stock is in demand (like with any product) it will cost more to get it and the price of that stock will go up.
Loading up with SDS and SRS… thanks Cramer. BTW, when did he declare the “depression” had started?
@22 “You guys can hate Cramer all you want….he is richer that all you jokers put together and he did it in the stock market.”
1990s Dot-Com bubble day-trader millionaire.
Add:
We have not even begun to see where this depression goes!
But … there will likely be a 6-9 month uptick (summer) wedged in there as the stimulus cashola spreads the wealth around.
However it won’t last long as the USA will discover it actually needs jobs for people to buy things.
And our country likes to import, outsource and borrow … none of which produce a damn thing another country is willing to buy.
Well, except it produces inflation and currency devaluation.
It quite clear why he’s said this. The people who pay him want you to put your money in the market where they can get at it.
Why anyone would take market advice from the clown is beyond me.
One of the most reliable trades in the market is “fading Cramer”–do the opposite of what he tells his sheeple.
double Blarney…
seems everyone forgotten this lovely chart from 2007 IMF report showing the “second wave” of the sub-prime resets about to hit us is worse than the first? (not to mention the commercial market that is starting to unravel)
http://calculatedriskblog.com/2007/10/imf-mortgage-reset-chart.html
IIRC, 60 Minutes did a show using this very same chart explaining how the second wave will much worse as the first as well..
me thinks you’ll gets some fun rallies till mid May, then the “summer of hell” will begin..then someone will start fanning the flames on all those food and water shortage stories the media has been itching to release.
maybe some of those lovely GM crop failure stories that get press everywhere but here
in the US will get some airtime to stoke the
fear fires as well.
http://tinyurl.com/GM-crop-failures
-break out the popcorn kids, the show is
just *now* starting.
-s
I think the market will be flat while the “stimulus” money flows. Then, if Christmas tanks, the Gov. will panic and inject more cash into the econ. in Jan. 2010.
If Xmas doesn’t suck, “shovels ready” starts early 2010, and the resulting increase in average pay floats the econ. (stock market) higher until the construction (bridge and highway) money runs out. This will be called the “Road Bubble”. After the RB, the stock market will tank again.
I think there are two interesting effects from this cycle: it drives away illegals, and it puts downward pressure on wages. How are wages affected? The longer the Gov. waits to hand work to the unemployed the less they will accept per hour.
We could just figure whatever he says,
believe the opposite.
J/P=?
#22 so is the mob, and that doesn’t make it right.
This guy is one level from having his own Sunday worship and healing show.
in the grand scheme of things, i think the real
question is when are they going to “officially” start devaluing the dollar to re-inflate asset values. -thats when the pain will really set in.
-s