Another horrendous Cramer call

Quote from Longhorns:

On his "Stop Trading" segment today, Cramer was giddy and screaming that the bottom was in (again) and he loved the financials (again).

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http://www.thestreet.com/_tscnav/funds/stoptrading/10401226.html

In Cramer's view, the export economy is "red hot." He said he was "raising numbers on all financials."

"All is forgiven," Cramer said of his previous animosity toward the Federal Reserve. "Financials should be bought."

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XLF was trading above 29 when the segment aired. Within minutes, Gasparino reported iminent downgrades of ABK and MBI and soon after that, Fitch downgraded FGIC. Then, after the market closed, S&P came out with huge loss projections from CDO's.

Last print on XLF was 27.66. If you bought on Cramers recommendation, you would be down roughly 5% in a matter of hours.

Another great call SkeeeDaddy.

P.S.-- Watch, tomorrow he will be yelling about how much he hates the financials and how he's been negative on them for months.

:D
More...

XLF down almost 7% since Cramer called yet another "bottom" in financials.
 
Boo Ya skeee-daddddy!!!!!!!!!!!!


LOL, got this stupid show listening to these callers. I hope he bagged all those college kids and their weak bankrolls on his college tour. He just said keep buying, there is no end to the BULLLL
 
Quote from Longhorns:

On his "Stop Trading" segment today, Cramer was giddy and screaming that the bottom was in (again) and he loved the financials (again).

-------------------------------------------------------------

http://www.thestreet.com/_tscnav/funds/stoptrading/10401226.html

In Cramer's view, the export economy is "red hot." He said he was "raising numbers on all financials."

"All is forgiven," Cramer said of his previous animosity toward the Federal Reserve. "Financials should be bought."

----------------------------------------------------------------

XLF was trading above 29 when the segment aired.

Last print on XLF was 27.66. If you bought on Cramers recommendation, you would be down roughly 5% in a matter of hours.
More...



Quote from Longhorns:

XLF down almost 7% since Cramer called yet another "bottom" in financials.
More...

Update---

It's been 5 weeks since Cramer called his 5th or 6th "bottom" in the financials. The XLF was at 29 when he made the call. Today the XLF closed at 24.27, just a fraction off it's 52 week low. A solid 16%+ loss in 5 weeks!!!!
 
I' d love to waterboard him, and just ask,

'WTF are you thinking? You've got millions. It's obvious you aren't Snow White. Why not just take the dough and disappear. Why are you bringing all this other stuff back into play. "

Amazing. It's Baghdad Bob all over again.
 
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