Said the bottom was in and to play the bottom in housing by buying BAC, said they will own 25% of the mortgage market. He also said he called the housing "top" 3 years ago and that the time to buy is now and that he was even buying. Does he actually think the bottom is in, haha. Wait till housing continues to fall and foreclosures start to skyrocket once again.
Cramer annouced today that the bottom in housing is in....
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The next batch of foreclosures hasn't even hit yet.
They've been building, like a giant wave, behind a dam, under moratorium.
This much I can assure you: Cramer is either very ignorant/incompetent or a liar.
They've been building, like a giant wave, behind a dam, under moratorium.
This much I can assure you: Cramer is either very ignorant/incompetent or a liar.
You guys are misunderestimating the mind of a genius. The greatest mind on Wall St. continually calls a bottom until one day, it doesn't matter when, the bottom actually is in and then he replays his great call over and over just in case you missed it. ("THEY KNOW NOTHING!")
http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/
http://www.ritholtz.com/blog/2009/06/cramer-calls-a-housing-bottom-yet-again/
Why are we talking about Cramer? Is he a psychic?
He is wrong so many times that it frustrates me that I hear his name. No thread should be devoted to what Cramer says. If he was usually correct he would've continued his hedge fund instead of turning to a clown with a stock circus.
4444CJones4444, It takes A LOT of capital to play the market that way.
He is wrong so many times that it frustrates me that I hear his name. No thread should be devoted to what Cramer says. If he was usually correct he would've continued his hedge fund instead of turning to a clown with a stock circus.
4444CJones4444, It takes A LOT of capital to play the market that way.
I have to hand it to him. He has survived for several years in front of a camera and is highly compensated for his...uh...for his entertainment? Besides, without Cramer's followers who would buy all those sham wows and that crap the guy with dyed hair and beard sell on CNBC?
time to buy SRS again
