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Cramer comes out of the closet - 3/5/2009 10:33:13 AM   
Kirata


Posts: 15477
Joined: 2/11/2006
From: USA
Status: offline 		Now that I have your attention...
 
To be totally out of the closet, I actually embrace every part of Obama's agenda, right down to the increase on personal taxes and the mortgage deduction. I am a fierce environmentalist who has donated multiple acres to the state of New Jersey to keep forever wild. I believe in cap and trade. I favor playing hardball with drug companies that hold up the U.S. government with me-too products.
 
But these are issues that we have no time for now, on the verge of a second Great Depression. This is an agenda that must be held back for better times. It is an agenda that at this moment is radical vs. what is called for....
 
Cramer: My Response to the White House
 
K.
 
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RE: Cramer comes out of the closet - 3/5/2009 11:18:20 AM   
ThatDamnedPanda


Posts: 6060
Joined: 1/26/2009
Status: offline 		Damn! That's a hell of a good piece! There are a lot of things I've always liked and respected about Cramer, but I don't watch him that much anymore because I just don't care for his personal style. I know, I know, I shouldn't let that get in the way of the message, but he just irritates me so much I can't stand to watch him for any length of time.

But this piece is a damned good example of what I like about him. It's a good read, and I think he pretty much nails a lot of what he's shooting for. I see it largely the same way, but I can't explain it as eloquently and with as much expertise as Cramer. I still support Obama, but with each passing week - hell, each passing day - I beccome more and more convinced he just doesn't have it figured out yet. He's way offtrack. The longer it takes for him to figure that out, the farther we go down the wrong road, and the harder it will be to turn it around and make up that ground. Bravo to Cramer for laying it out so boldly and so articulately.


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RE: Cramer comes out of the closet - 3/5/2009 12:46:25 PM   
MarsBonfire


Posts: 1034
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Status: offline 		The guy who played the next door neighbor on Seinfeld?

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RE: Cramer comes out of the closet - 3/5/2009 12:55:55 PM   
Pyrmidon


Posts: 42
Joined: 7/23/2007
Status: offline 		No, not the same chap. This is Jim Cramer, a financial and political commentator..

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RE: Cramer comes out of the closet - 3/5/2009 1:02:44 PM   
MarsBonfire


Posts: 1034
Joined: 3/6/2005
Status: offline 		LOL... I know, Pyramidon. I just find it funny that the guy who built his television persona on "the market is God" mantra, is admitting it was a shuck, and that he was at least in some small part, responsible for the investment debacle that we're currently in.

NOW he admits that all those "leftist ideas" are a good idea...

Thanks, Jim. You've been a big help to us all.

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RE: Cramer comes out of the closet - 3/5/2009 2:20:53 PM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline 		Cramer hasn't done very well lately.
The Tanker ship stocks are in free- fall as he's been recommending them for the last few months.
And, it appears that they have a ways to go on the downside.
Shipping rates and profits are going down, not something that's going to make those stocks go "up" anytime soon.
I think I'll use Jim Cramer for a weathervane. When (he) capitulates I'll start buying stocks again!
It looks like we have a way to go on the downside yet.
Now they're saying (The Media) that there's no good News comming out until next year!

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RE: Cramer comes out of the closet - 3/5/2009 2:24:01 PM   
awmslave


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quote:

**Each day is worse than the previous one for this miserable economy and while Obama's champions cite the stimulus plan, it's really just a hodgepodge of old Democratic pork and will not create nearly as many manufacturing or service jobs as we hoped. China's stimulus plan is the model; ours is the parody.***
*** I don't like talking politics. It is personal, but some things are a matter of public record, including my substantial six figure donations to the Democratic Party***
***Every person has a right to be rich in this country and I want to help them get there. ***

Obviously, Cramer being a super-rich Democrat himself is confused. He can not avoid politics at this point as it is not his familiar capitalist economy any more.

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RE: Cramer comes out of the closet - 3/5/2009 2:26:24 PM   
corysub


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quote:

ORIGINAL: MarsBonfire

LOL... I know, Pyramidon. I just find it funny that the guy who built his television persona on "the market is God" mantra, is admitting it was a shuck, and that he was at least in some small part, responsible for the investment debacle that we're currently in.

NOW he admits that all those "leftist ideas" are a good idea...

Thanks, Jim. You've been a big help to us all.



What I find wierd in your post is the belief that somehow Cramer embracing a liberal agenda is a revelation!    You don't really know the Jewish trading community of NYC.  Hedge fund managers were by and large,  supporters of Obama. These are people that were taught from early age to give back, be charitable, help minorities, and just generally believe good social citizens.
Because they happen to earn their living being tough, pragmatic, brilliant stock traders does not mean that they are"republican" or, God forbid, Neocons.

I happen to disagree with Cramer on the validity of Obama's leftist agenda but even a man with liberal social views like Jim Cramer is not bankrupt of common sense. This is not the time to "change" the government..but to "save" our economy!

Anyone seeing what is happening in the financial world understands full well that we are on the brink, if not over the brink, of an economy headed towards turmoil and depression.  Cramer sees this clearer than most people, and certainly better than those people with an ideological agenda of radical extremism such as Barack Obama.  Here is a man who most people voted for although they  knew little other than from a "biography" of someone who ran nothing, was responsible for nothing, but spoke  in a voice that was soothing and reassuring, a voice that promised hope and "change". 

Instead of "change", the man is giving us a "revolution" in our government, a government that is growing and will grow to the point where the business of capitalism will be crowded out and falter. 

We are seeing something happening in our country, if you will open your eyes, that most  Americans never thought possible....absolute power coming from Washington. D.C. 

What Obama and the democrat party has forgotten is that Americans believe in the rule of law...they did "win" the election...but the did not win the right to destroy our capitalistic system.  That can only be achieved in a struggle with the 47,000,000 people and their families who voted for McCain...and those who voted for Obama and now feel betrayed.







< Message edited by corysub -- 3/5/2009 2:28:27 PM >

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RE: Cramer comes out of the closet - 3/5/2009 2:31:58 PM   
ThatDamnedPanda


Posts: 6060
Joined: 1/26/2009
Status: offline 		Yeah, and it's probably going to be an ugly day tomorrow. Dow closed at 6597 or thereabouts today. Wall Street's growing discontent with Obama's refusal to take any leadership on the financials sector is at a fever pitch, and traders are just boiling over. Confidence is plummeting, and there are some economic reports coming out tomorrow that will probably hit the market like a Mack truck. I said on Sunday that I wouldn't be surprised to see the week end below 6500; right now the only thing I'm hoping for is that it's not too terribly far below that. Not much cheer to be found in the portfolios lately, is there?

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RE: Cramer comes out of the closet - 3/5/2009 2:46:22 PM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		A share of GE stock,.....less than a pack of cigs.

Yeah ,Creamer has *some* integrity.But they`er all seeing the world through a pin hole,not seeing what`s coming or where it goes.Just like watching a river flow through a pin hole,not seeing up or down stream.

All any of`m can do is read the ticker and blowviate,

< Message edited by Owner59 -- 3/5/2009 2:48:39 PM >

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RE: Cramer comes out of the closet - 3/6/2009 12:44:02 AM   
MasterShake69


Posts: 752
Joined: 11/30/2005
Status: offline 		well Cramer was right when he told everyone to jump out of teh market when it was it around 10,000

http://www.mainstreet.com/article/moneyinvesting/news/cramer-my-response-white-house?page=3

You can argue, of course, that Obama inherited one of the worst hands in the world. I had been a relentless critic of the Bush administration's "stewardship" of the economy, calling repeatedly for changes to avert the disaster that I saw coming, although perhaps Gibbs hasn't seen my CNBC meltdown. Seemed pretty prescient to me. I, like everyone else, have made less authoritative and wrong statements in the past, but that rant still stands as something that I am sure everyone in the Bush administrations' Treasury and Fed listened to. My calls to sell 20% of your stocks in September at Dow 11,000 and then all of your stock if you need the money for the next five years at Dow 10,000 in October, might have eluded Gibbs, too.


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RE: Cramer comes out of the closet - 3/6/2009 2:09:35 AM   
awmslave


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quote:

well Cramer was right when he told everyone to jump out of teh market when it was it around 10,000

When the banking crisis started Cramer actually predicted the market bottoms around DJI inex 8300. It was 6594 today and obviously still going down.

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RE: Cramer comes out of the closet - 3/6/2009 3:58:42 AM   
corysub


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quote:

ORIGINAL: awmslave

quote:

well Cramer was right when he told everyone to jump out of teh market when it was it around 10,000

When the banking crisis started Cramer actually predicted the market bottoms around DJI inex 8300. It was 6594 today and obviously still going down.



Like a lot of people who voted for Obama, I think Cramer believed that BO would me more centrist than those who believed that he was the extreme leftist that would never "change".  What the market is reflecting is the reality that we have an administration that is anti-business, and that is not a support a bullish view on equities.  The outlook has become cloudy and the risk is that what the "unknown surprise" out there is going to be another major negative, not a positive.

We have a government intent on increasing taxes while the economy is in a downward spiral, we have a government that is anti-banking, anti-oil, anti-pharmaceuticals;...a government that is "designing cars" for a bankrupt auto industry, spending billions to retool to make cars with a marginal market; a government that is proposing a carbon tax that will not only be passed on to a withering consumer, but also close the books at any corporation considering new building projects.

Yea...I believe Cramer underestimated the dowside risk in the stock market because he overestimated Barack Obama's desire to give the country "confidence" and strengthen our capitalistic economy instead of  "not wasting a good crisis" to promote a radical leftist agenda to destroy big business and replace it with BIG government.

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RE: Cramer comes out of the closet - 3/6/2009 9:02:58 AM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		It`s only your bias that leads you to say the president isn`t good.Most moderates think otherwise,Cramer being one.

Again,Cramer's no genius and just another player in a massive ,legal ponsie scheme based on "monoploy money".

He`s perhaps the most honest player,but still just another player in the stock market-gambling casinos.

< Message edited by Owner59 -- 3/6/2009 9:31:57 AM >

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RE: Cramer comes out of the closet - 3/6/2009 11:01:23 AM   
rulemylife


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quote:

ORIGINAL: awmslave

When the banking crisis started Cramer actually predicted the market bottoms around DJI inex 8300. It was 6594 today and obviously still going down.



He's a true genius.

If I were you I would bet every penny I have on his advice:

Cramer .............. scolded a caller "No! No! No! Bear Stearns is fine! Do not take your money out!" just days before the firm collapsed in March.
Cramer's Star Outshines His Stock Picks Barron's - ‎Feb 8, 2009‎

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RE: Cramer comes out of the closet - 3/6/2009 11:12:09 AM   
MasterShake69


Posts: 752
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Status: offline 		cramers prediction was based on certain expectations from Obama that haven’t occurred.  Obama has caused a negative effect which has made the markets fall even further.


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RE: Cramer comes out of the closet - 3/6/2009 11:30:57 AM   
ThatDamnedPanda


Posts: 6060
Joined: 1/26/2009
Status: offline 		Every analyst blows individual stock picks from time to time, sometimes in spectacular fashion. That doesn't necessarily mean their strategic analyses are utterly without any validity whatsoever. That's like saying Bill Belichik sucks as a football coach because every now and then he goes for it on 4th down and doesn't make it. The test is, is  it a well-reasoned, well-articulated analysis backed by solid data and a logical argument.  Does it fit the facts as we know them, and if not - why not? I haven't yet seen any real arguments against his conclusion or his presentation, just summary dismissals of his credibility.

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RE: Cramer comes out of the closet - 3/6/2009 2:01:11 PM   
Hippiekinkster


Posts: 5512
Joined: 11/20/2007
From: Liechtenstein
Status: offline 		meanwhile, Jon Stewart guts Cramer and Santelli and CNBC like the dead fish on-the-verge they are.
http://www.huffingtonpost.com/2009/03/05/daily-shows-jon-stewart-r_n_172060.html

>SNORT< >SNICKER<

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RE: Cramer comes out of the closet - 3/6/2009 4:05:51 PM   
popeye1250


Posts: 18104
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quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: awmslave

When the banking crisis started Cramer actually predicted the market bottoms around DJI inex 8300. It was 6594 today and obviously still going down.



He's a true genius.

If I were you I would bet every penny I have on his advice:

Cramer .............. scolded a caller "No! No! No! Bear Stearns is fine! Do not take your money out!" just days before the firm collapsed in March.
Cramer's Star Outshines His Stock Picks Barron's - ‎Feb 8, 2009‎



When Frontline Tankers went from $33 to $28 Cramer said to "dollar cost average" on the way down.
Well, it's $16 and change and it looks like it's going down to under $10 in the next month or two and I mean like $7 or $8 and it wouldn't surprise me if it hits $5 per share!
I wonder what Cramer wants to do with Frontline now?
Shipping rates aren't going up this year that's for sure!
And then there's NAT, Nordic American Tankers another of Cramers darling's.
That's at around $23 down from $37 not too long ago.

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