Cramer calls this a bottom...

[cszulc]

Just heard Cramer call this a bottom...

Haha I laughed out loud when he said this. Just last week, he said this was a bear market on his show and now he is back in his bullish mood. He has lost all credibility.

 

[MKTrader]

He lost credibility LONG before this.

http://www.youtube.com/watch?v=SGkrNJ19DSU

Quote from cszulc:

Just heard Cramer call this a bottom...

Haha I laughed out loud when he said this. Just last week, he said this was a bear market on his show and now he is back in his bullish mood. He has lost all credibility.

 

[ByLoSellHi]

The ultimate blow up.

http://www.thestreet.com/funds/smarter/891820.html

 

[reno4nook]

What Cramer meant to say was that this was a 3 week bear market and now we've hit the bottom. Bulls in control now.

shortest bear market on record.

 

[cszulc]

I loved that his 2007 Dow target was 14,580!

 

[Retired]

Quote from reno4nook:

What Cramer meant to say was that this was a 3 week bear market and now we've hit the bottom. Bulls in control now.

shortest bear market on record.

By one common definition, a bear market is marked by a price decline of 20% or more in a key stock market index from a recent peak over a 12-month period.

http://en.wikipedia.org/wiki/Bear_market

 

[Lucrum]

Cramer couldn't "call" his mother.

 

[dwitherell]

Quote from TL Trader:

Cramer couldn't "call" his mother.

LOL!

And sadly, people still watch him, and actually do what he says.

I've picked up clients pretty easily once I found out who their "Advisor" was. I have a client in her late 60's with 700m who was following the Cramer "strategies" on MARGIN. OUCH!:eek:

She did 6.7% in 2006 with the "booyah" strategy.

Last, I like Rick Santelli when he gets pissed off. He's not one to get into a verbal spat with. Him and Steve Leesman (sp?) get into it now and then. I turn up the volume, and we get a quick laugh out of it in the office.