Jim Cramer Goes Nuts on CNBC

Obviously cramer will keep his job and not even get a slap on the wrist. Isaiah Washington gets fired for saying the word faggot while cramer is allowed to get away with this? CNBC needs to can Cramer. Not only have thousands of innocent viewers lost millions of dollars on his disastrous picks (Jones soda, bank of Columbia to name a few) but he is legally insane and belongs in a straitjacket. Crmer's picks are so awful it would take a 1999 type bull market just to break even on his recommendations.



cramer.jpg
 
A very intelligent man called CNBC and most news on American tv....entertainment and deception. Cramer should be regarded as such !
 
Cramer is 100% right.

We need bold action to retore confidence in US credit markets - at least a 50BP cut Tuesday, mega repos, and informal measures encouraging banks to step into the breech created by the collapse of non-bank lending. For example, Wells Fargo's move to jump jumbo loan rates from 6 7/8 to 8% is unacceptable. I'm astonished that anyone could care about inflation fighting when we're looking at trouble that could be FAR worse than LTCM.

Here's real leadership - From the Jan 01 intermeeting cut transcript;

VICE CHAIRMAN MCDONOUGH. I believe that what you are recommending is
very much the policy action that should be taken in all of its respects. Let me add some
additional elements to the very good analysis of the real economy, as seen from the data and
supported by some anecdotal evidence, you have cited. I believe that the markets and the leaders
of major firms in the world are at or near a point of psychological crisis. The pessimism about
1/3/01 7
what is likely to happen in the economy is at a point where it can start feeding upon itself, which
could make the extent of the slowdown in the expansion greater than would be in the interest of
the country. That, therefore, makes it even more clear that we should act.
A number of us often wonder about the credibility of the Federal Open Market
Committee when we consider taking an action that would be rather dramatic both in its timing
and its degree. I believe very strongly, as I’ve said on many occasions, that we maximize our
credibility by making the moves that are necessary when we deem them to be necessary. Merely
maintaining a tough-line monetary policy for the sake thereof diminishes our credibility. We
enhance it and do the best for the country by taking aggressive action when it is necessary, and I
believe that at the present time the action you suggested is very necessary indeed. Thank you.
 
Quote from Trader5287:

Cramer is 100% right.

We need bold action to retore confidence in US credit markets - at least a 50BP cut Tuesday, mega repos, and informal measures encouraging banks to step into the breech created by the collapse of non-bank lending. For example, Wells Fargo's move to jump jumbo loan rates from 6 7/8 to 8% is unacceptable. I'm astonished that anyone could care about inflation fighting when we're looking at trouble that could be FAR worse than LTCM.

Here's real leadership - From the Jan 01 intermeeting cut transcript;

VICE CHAIRMAN MCDONOUGH. I believe that what you are recommending is
very much the policy action that should be taken in all of its respects. Let me add some
additional elements to the very good analysis of the real economy, as seen from the data and
supported by some anecdotal evidence, you have cited. I believe that the markets and the leaders
of major firms in the world are at or near a point of psychological crisis. The pessimism about
1/3/01 7
what is likely to happen in the economy is at a point where it can start feeding upon itself, which
could make the extent of the slowdown in the expansion greater than would be in the interest of
the country. That, therefore, makes it even more clear that we should act.
A number of us often wonder about the credibility of the Federal Open Market
Committee when we consider taking an action that would be rather dramatic both in its timing
and its degree. I believe very strongly, as I’ve said on many occasions, that we maximize our
credibility by making the moves that are necessary when we deem them to be necessary. Merely
maintaining a tough-line monetary policy for the sake thereof diminishes our credibility. We
enhance it and do the best for the country by taking aggressive action when it is necessary, and I
believe that at the present time the action you suggested is very necessary indeed. Thank you.
More...

all of this is normal fallout from 8 years of disasterous fed mismanagement

the economy has been hostage to their whims

the only thing surpirsing about this crisis, as how long they were able to hold it off
 
Quote from rdw28:

but Kudlow is still my boy...

Let's keep America Greeeat!
More...

I think Larry is starting to take hits from cramer's crack pipe. His buddy MIlton Friedman probably wants to slap him in the teeth. The mindless investors that listen to these guys are gonna be left holding the bag one of these days.

They need to attack the fed, get it into the heads of the average lazy american that the fed is for the fed. History will repeat itself. Stay tuned, stay nimble.
 
You must log in or register to reply here.
Back
Top