Tensions Explode On CNBC, As Simon Hobbs Tells Cramer: "You Told People To Buy Bear S

[bond_trad3r]

Quote from GordonTheGekko:

Lol ya'll hate cramer?

Gordon "the" Gekko, my hero. (Not so much in WS2, that movie was weak)

 

[EMRGLOBAL]

Philly fed down -30. WAKE THE FUCK UP. How many times do I have to say it.

SMART MONEY IS GONE! THE ONLY ONES LEFT IN THIS MARKET, LET ALONE THE GLOBAL STOCK MARKETS ARE PICKERS AND FOOLS.

 

[GordonTheGekko]

Quote from EMRGLOBAL:

Philly fed down -30. WAKE THE FUCK UP. How many times do I have to say it.

SMART MONEY IS GONE! THE ONLY ONES LEFT IN THIS MARKET, LET ALONE THE GLOBAL STOCK MARKETS ARE PICKERS AND FOOLS.

How can this be? The markets haven't even taken a 20% hit. I think the smart money (i.e. big money) is certainly still in the game.

 

[MarketMasher]

Don't knock Cramer.

He has a foundation where he does charity work using the money he steals from people who listen to his picks.

 

[GordonTheGekko]

Quote from MarketMasher:

Don't knock Cramer.

He has a foundation where he does charity work using the money he steals from people who listen to his picks.

Why don't you like him? Is it just personal reasons?

 

[atticus]

Quote from GordonTheGekko:

Why don't you like him? Is it just personal reasons?

Yeah, he hates me after I slept with his wife.

 

[sprstpd]

I'm glad Cramer told me to take my money out of the market for 5 years! He sure nailed the bottom on XLF 3 years ago too! You know $80 stocks go to $120! It's hard to believe it, but Cramer's research proves that its true!

 

[clacy]

Both of these guys are annoying, but at least Cramer provides some entertainment value. Also, at least Cramer can say he's made some money trading in the past.

Hobbs is just a European socialist commentator.

Commentators tend to make the best Monday-morning QB's.

 

[jd7419]

Quote from clacy:

Both of these guys are annoying, but at least Cramer provides some entertainment value. Also, at least Cramer can say he's made some money trading in the past.

Hobbs is just a European socialist commentator.

Commentators tend to make the best Monday-morning QB's.

Agreed,

Mr. Hobbes might be eating crow in a few weeks at the rate these euro banks are falling. I love how Hobbes blames the speculators for everything, I guess he means that without these evil doers the eurozone would be humming along.

 

[bwolinsky]

Quote from Swan Noir:

Not so cheap for those that bought Bear Sterns!

This is a lie perpetuated by Jon Stewart. Cramer was not asked if they should buy bear stearns. He was asked whether to keep money at bear stearns. At the time the book value per share was $80, and when Cramer made this "call" which wasn't a call liquidity ratios were fine and BSC was at $30 but ultimately masked enormous losses on off-balance sheet liabilities.

I believe either SIPC or FDIC or both covered all of the customer accounts so it was actually the right call.

People can take a lot of what he says out of context, but he never said to buy Bear Stearns, he only said that it was "safe" to keep money at bear stearns. This was not a buy recommendation.