Here's the CNBC video of Jim Cramer who looks like he might need an intervention later tonight as he holds that cold steel in his hands and a bottle of jack.
HP still thinks the Fed hates America and is trying to bail out the bankers and housing gamblers who did some really stupid things these past few years. But traders like Cramer think the Fed should have cut 1/2 or more and they're paying the price today.
So HP hates the Fed and Cramer hates the Fed. What does that tell you?
Head to the bunker HP'ers. The fuse has been lit.
December 11, 2007
DOPES!!!
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21 comments:
Dopes - do you mean the Fed cut by 0.25%? More cuts will come (and are already priced in the markets), but they won't rescue the housing market either, if they doesn't lead to wage inflation.
DOPES...
That would be Ben and the Fed today.
Of course, if the Dow goes up one single point tomorrow, all the DOPES will be posting here that "there's no crash."
DOPES!!
at 5:20 Erin covers her boob a little more and grins. I love it.
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A S**TCONIPTION of Epic Proportions
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Screw Cramer up the ying yang.
The REIC is still crashing. That's all I need to make my day.
A half point would have thrown the USD off the train. The 1/4 point pissed off Wall Street and Mozillo, but like Cramer said, it's just delaying the inevitable.
Has anyone else noticed the rumors and stories about big money coming in from China, Singapore, and the Middle East? They are supposedly buying big chunks of toxic paper from the money center banks at around 20% of face value. Are they getting a square deal?
The Fed Blew It
By Jim Cramer
Yeah, we will work our way through this. But now, with only a quarter-point cut, we will no longer be able to forestall the bankruptcies. Banks are holding on for dear life, homebuilders the same. But their lifeline just got choked and far fewer will live because of this.
Lots of times people talk about stock traders being complacent. Lots of times you hear about bullish money managers that are way too excited about stocks.
But I have never heard a statement from a more bullish group of people in my life. They genuinely think that inflation remains a big problem.
I am aghast.
As my good friend Bob Marcin says, "They blew it."
Simple as that.
A simple 25 basis points more would have made a tremendous difference for the economy's psyche. It would have showed the Fed is on the case.
Now, what it says is simple: We aren't aware of what's going on in banking. We see good employment and lots of construction cranes. We are fine. Relax already.
Somehow, I am not assuaged. You shouldn't be either.
http://www.thestreet.com/s/the-fed-blew-it/newsanalysis/investing/10393981.html?puc=_tscana
Wasn't the Wells Fargo CEO predicting a .75 cut to the discount today?
Well, the good news is that he gets a big package on the way out the door tomorrow
Banks will fail. Lines will form. Get ready. It's already happened here in England and it's coming to a city near you.
Today's "pre-organized" market tantrum was so fake and so just for show it was pathetic. The markets are playing the cry baby card to give the FED the cover it needs to do a "surprise" cut before the January FOMC meeting that is fully expected. The FED and the markets seem locked in a "Reciprocal Bailout" or a "Feedback Bailout Loop" where the FED cuts rates to save the markets, but not fast enough to save the markets, which provides an excuse to cut faster! What a mess!
sooooooo...nowwwwwwww we have a recession cuz that bonehead says so.
is he always this late to the party?
cramer is a true DOPE!!!
I wouldn't want to be around that Cramer guy with one of his fits. I've seen him before and he looks like he's slobberin' mad, spittin all over whovever is near him. Man, that guy's got a saliva problem.
I think it is time to change the name of HP to CP - CREDIT PANIC. . .I just saw an item about student loan defaults because people couldn't do HELOCS to pay for other debt. . .it is a house of cards that is in total collapse. . .actually if the Fed lowers rates it really doesn't matter - think Bank of Japan at ZERO rates (actually negative with inflation). . .they still had a 18 year real estate and economic meltdown. . .none of us will get out of this mess without some pain - me included.
jim cramer was boring today. markets need good products not good interest rates;
Consider the plight of Mr. Foreign Central Banker. Like many others, he holds a considerable stash of U.S. dollars purchased to keep his country's currency from rising and stalling exports. Now he sees the U.S. government and Federal Reserve debasing the dollar and secretly laughing as his holdings drop in value. What to do? Use the dollars to buy companies, commodities, or claims on real assets like housing and commercial properties.
Banks like Citi, Wamu, etc., are so desperate to fix their balance sheet problems they will sell their souls for a bargain price. Watch as they offload their holdings at a steep discount to the foreign cash buyers.
its nice to know that in cramerica we have at least one shining light. that is of course mcdonalds.......who would have thunk it? one of the leading companies in the world sells junk food....damn, i am so proud of this country.
how would you like to work for a guy like cramer and get keyboards and other stuff thrown at you on a daily basis and be on call 24 hours a day 7 days a week? man what a deal.
Cramer cares about nothing but his Wall Street buddies. Will nobody there just stand up and tell him that cheap money created the bubble that's causing the problems? Oh, but he and his pals clean up in bubbles, while we all get the mess when it all goes wrong.
Use the dollars to buy companies, commodities, or claims on real assets like housing and commercial properties
Just so. This is the "surprise" news story of mid-late 2008, the "unexpected" uptick in US hard assets including commercial properties.
I just got the weekly "Bookscan" report from my publisher which is the official bestseller list used internally in the publishing industry.
Jim Cramer's book is #1 in the U.S. right now.
Unbelievable.
There's one born every minute....
"how would you like to work for a guy like cramer and get keyboards and other stuff thrown at you on a daily basis and be on call 24 hours a day 7 days a week? man what a deal."
The FIRST time that wimp threw anything at me would be his LAST.
Not every Americano is afraid to fight.
You will see evidence of this in the street soon, right about after the first major bank goes under and people cannot get cash out.
I predict...
I hope I am wrong, but not DEAD wrong. AS for Cramer, I would make him sorry he was ever born should he hit me during a tantrum...
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