Man, it's one thing to be wrong. It's another thing to be THIS wrong.
Jim - nice to see you (finally) come around. You lost people some crazy money with this terrible call from last year. I faintly remember him having the Orange Man on once too and glowing all over him (no pun intended). I guess they had a falling out...
So Jim, when did you finally figure it out? Right after you sold your beach house (for a big loss)?
25 comments:
it's true that many of the Troops in Iraq want to come home and DON"T want the the War. In fact, the troops are so fed up with the neocon scum like bushco, that they have stepped up massive donations to ron paul.
http://thehill.com/campaign-2008/pauls-active-service-member-donations-get-noticed-2007-08-03.html
MSNBC RON PAUL poll results
http://www.msnbc.msn.com/id/18436681/
Excellent pump and dump / short squeeze on Fannie Mae today great time to buy more puts
Here's Cramer on his meltdown on Friday
He said he did it because he wanted a clean conscience
He's good by me. That was honest. He's in trouble for it, but it was honest.
Jim - we think you're reading. Good job coming clean. America likes it when people admit they're wrong and just tell the damn truth.
http://tinyurl.com/37lc5m
DOPES this is your leader
Here's CNBC's Diana Olick responding to us - I've also asked her to see if she can get an interview with Cramer
http://www.cnbc.com/id/20145656
Jim Cramer's Mortgage Outcry: My Take On It
Let me just preface by saying that I don't make a habit of commenting on what other colleagues at CNBC say. It's neither prudent, nor necessary. I also didn't even plan on blogging this week; I'm on vacation for crying out loud! But my BlackBerry was buzzing off the base this weekend, with housing bloggers begging me to respond to Jim Cramer's outcry on Friday about the Fed and the mortgage market. So let me just blog here respectfully.
I understand Cramer's passion (you can see it again in the clip below.) I do. I'm not out there in the money markets, in the pits. I've never been a trader, I've never worked on Wall Street, but I am a reporter covering real estate. I talk to mortgage brokers every day of the week, and I talk to real estate agents, and I talk to banking analysts, and I talk to economists who cover housing, and I talk to academics who understand historical trends. So let's just say I'm a little more obsessed with it than the next guy.
I agree with Cramer's fear that it's only going to get worse, despite the fact that I have people writing into the realty check box every day telling me that I'm overblowing the situation for my own dramatic benefit, as if I'm going to be a more popular reporter if the housing market crashes. Do reporters in the Midwest pray for tornadoes? I don't think so. Been there, covered that.
(go to realty check for more)
http://www.cnbc.com/id/20145656
Luminent Mortgage Capital JP Morgan downgrades Neutral to Underweight . J.P Morgan downgraded LUM to Underweight from Neutral as they do not recommend investors hold exposure to the residential mortgage industry until the market for loan sales regains liquidity and the securitization market reopens. Outside of its agency spread portfolio, which accounts for only a fraction of total income, LUM relies on the CMO and CDO markets to conduct a majority of its business. LUM has recently assured the market that liquidity is not a concern at present; however, firm says all aspects of the mortgage market have been changing dramatically on a daily basis, and liquidity could become an issue should this trend continue.
Guys dumber than Jimbo are in charge of OPM. The only reason they make money is because they are crooks. Jimbo couldn't pick a winner in a one horse race.
Nice bottom call, Cramer. He could've just said at the time that housing stocks were showing good momentum, which they continued to do for a couple months after this recording. If he were still trading a hedge fund, that would've been reason enough to be long the homebuilders at the time. But instead, because of his new gig on TV, he has to try to explain the momentum, so he goes out and stupidly says they all hit a bottom. Yeah, check the charts now. We've yet to see the bottom because for many of them it's a black hole of debt and lawsuits and the bottom will end up being zero.
AAhahhahahhahahhahahahahhahahhahahhahahhahahahahahaaa!BOOOOYYAAAAA
Better stay here at HP ,and keep my money safe.
Today, I see a green market up strongly. Must be plenty of cash out there.
Looks like there is no reason to cut rates.
Hmm, wonder if this is more stock buy back and fake eps pumping.
DOW is up because of McDonald's speculation. ;)
all I can say is booyah!! what a great piece!
BWA HA HA HA HA HA HA
SOME CRASH
Forget dopes. You people are imbeciles.
Enjoy the 5% CDS losers.
BWA HA HA HA HA HA HA
well be sure and watch cramer today. he will be crowing about how the market is back. yes sir, despite all the bad things happening , the market is up and gold and siver are down. i smell the ptp.
Anonymous said...
>>> BWA HA HA HA HA HA HA
SOME CRASH
Forget dopes. You people are imbeciles.
Enjoy the 5% CDS losers.
BWA HA HA HA HA HA HA
August 06, 2007 9:43 PM <<<
we know that is your dopes, cut it out.
That was quite a performance he put on the other day. Either homey deserves an Oscar or he needs to ease up on the nose candy, I could practically hear his teeth grinding. :)
Anonymous said...
BWA HA HA HA HA HA HA
SOME CRASH
Forget dopes. You people are imbeciles.
Enjoy the 5% CDS losers.
BWA HA HA HA HA HA HA
______
Remember something. The stocks you probably THINK you're getting "rich" from are priced in US dollars.
And the US dollar IS crashing.
Anyone who rejoices at "new highs in the Dow!!!" is a fool beyond all help.
I feel sorry for you.
And now he's begging the fed to bail him out by raising rates. If the fed bails them out then that is the definition of 'moral hazard' - the fed would be rewarding reckless behaviour by defending it.
I just flipped channels past tonight's Mad Money and saw Jim Cramer again call for lower rates and even called for the resignation of Bill Poole.
Cramer compared Poole to Marie Antionnette. I'll compare you to Napoleon Bonaparte, Jim, you shameless, pathological narcissist.
Listen up, Jimmy, you have noone to blame but yourself. Pick up a macroecon 101 textbook, you 'get-rich-quick' spin-doctor.
We live in a material world where you actually have to produce something of value, a good, a service, a productive asset like a business.
It's time for everybody to wake up and get some real values instead of pursuing an endless succession of ponzi schemes.
A typical Cramer call. He's right about 50% of the time and back in November he was dead wrong. This is not unusual for him. He's famous because he entertains people, not because he makes them money (like he constantly crows about).
cfc up 7% today
Cramer is playing the media like a fiddle while he and his pals clean up on the hysteria and panic selling. One word for you HP genises and this blog that helps spread the fear:
P-W-N-E-D
LOL!
I just reread my post. I meant 'lower' rates, of course.
He called the top of the march 2000 Inut Bubble as well. This guy is the ultimate contrarian.
mortgage meltdown is nothing to worry about, for the ones caught in China its called murder!!!
http://avenue-s.org/wipingoutfraudinchina.html
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