When I first heard that a stress test was going to be applied, I thought to myself, "What stress test result would be the most favorable outcome in terms of least panic-inducing and most legitimacy?" And I answered my own question with "They would find only one bank to be in trouble."
How...
As far as I'm concerned, everyone involved (Bank of America, Merrill Lynch, and the Fed) can go screw themselves for what they've done to this country. The more transparency, the better.
By the way, why don't we as taxpayers pay our own lobbyist. People vote over the internet on issues and our lobbyist representative has to lobby based on our votes. Fight money with money. It would at least be a start to fighting Wall Street's hold over our representatives at the moment...
But the US acts like it has an infinite pot of money. Does that count?
Personally, I can't wait until the government can't borrow at ludicrously low interest rates anymore. Once the easy money is taken away, we'll see the fallacy of our government's philosophy/actions.
Yes, but ideally you don't bury people in losses during the process. If he wanted to help the public he should just retire as he has crushed them mercilessly.
Another thing about Cramer is that he shamelessly attacks people all the time on his show but when anybody says something bad about him he goes ballistic and cries to mommy. What a hypocrite.
It's funny how Cramer never mentions his buy the Dow at 14,000 call and his XLF bottom call in July 2008. Sure, he may have gotten you out at 10,000, but last I checked 10,000 / 14,000 is still close to a 30% pummeling.
This has nothing to do with this particular trade and more to do with your continual assertion that "this time the naked shorters are going to put out of business".
This sounds so familiar to the last time DNDN skyrocketed. I believe you claimed similar things at the time and then DNDN got crushed. Maybe this time will be different but I just feel the need to call you on your exaggerated claims.