Cramer Goes Crazy

http://images.businessweek.com/ss/05...ge/kramer7.jpg

"Markets are in meltdown!" "Bernanke has no idea!"
http://podblanc.ath.cx/?q=node/3663

After Friday's market there are a lot of folks flipping out. For the first time in a long time the U.S equity markets were in full panic mode. It will be interesting to see just what happens in the world wide equity markets this week and what comes out of the Fed meeting on Tuesday.

He really piss off with Bernanke http://www.liveleak.com/view?i=de8_1186355765

If you have not seen the now infamous YouTube clip of Cramer blowing a gasket on CNBC you owe it to yourself to devote 3 minutes of your life to this clip:


Does anyone think the Fed might be influenced by Cramer's meltdown? He is basically saying what many people on the Street actually think.

LOL!!!!! that is one heck of a rage right there.

He's a bit boasty wit his "Know too many people thing" (at the end) but i agree with him for the most part

Cramer went from this to this:

Kind of a 180 don't you think? But I guess he's got a right to change his mind.

A remake of the late 70s movie (Kramer vs Kramer) and now titled:
Cramer vs Cramer

Yep. Youoooo Betcha. Too bad his honesty may end his career.
Always liked Jim C for his frank opinions but this one is out of the box even for him.

I think everyone new to the markets should be required to watch this (as well as those of us who have been around awhile). It's a great reminder of the fate that awaits those who:

1) Don't use proper money management
2) Don't use common sense
3) Believe your models more than what you see in front of your eyes.

It's especially educational when played after the other "don't worry, be happy" video, as an example of the effects of trading on hope rather than observation. The two together with a little commentary would be a great sticky in the new-trader forum.

faure - re. changing minds, I agree to an extent. But the potential sub-prime problem as well as the valuation of non-liquid financial instruments have been chattered about in the press & elsewhere for close to a year now. While the payoff was sudden, the awareness of the risk is not new. Cramer and his buddies are promoting themselves as market gurus/intelligent money managers, but this error was sophomoric. There's no excuse in particular for Cramer; he appears to have been around for a number of years, so he should have seen this coming based on experience in the 80's and 90's.

Cramer has a far too big opinion of how much he thinks he can influence the Fed or the markets.

There is a reason why he is on TV and not Wall Street any more.

Big mouth - Little influence.

Here's a Rock..........>{US Fed}<..........Here's a Hard Place.

Cut Rates and Cad will go > Par {ie CAD = $.80 USD}. Imports costs from Canuckountry will drive US even Deeper.

Bad enough that the Far Awy Lands of Aisa hold most of their debt but the last thing you need is an infringement on Cross Border Trade caused by currency.

I STILL Believe that the end result of THIS foray will come out of the blue and gain the USD some significant ground. The end result, though, is still in question.

Maybe Cramer's influence isn't as a Wall Street pundit, but more as a master thespian. It's an Oscar caliber performance. Theater with an agenda?

Bemac & other Canadians - Did you notice a certain similarity between him and Don Cherry? I guess only their tailor knows for sure....(Though I do prefer Cramer's choice of sidekick/co-host...)

"my people are in the game for 15 years and they are loosing their jobs"

haha who gives a f*ck about some sharks investors making money out of people misery hu ?

Now let's see if they jump out of the window like in good ol' 29

Trade well after you wish bad things on people.

i'm not going to loose my job because i trade poorly or godly

i wish bad things on people who are financial crooks example =>

Precisely. He probably got battered then decided to go short and kick up the theatrics. What's not to love?

Wall Street is not honest.

Does anyone believe The Media is honest anymore?

Not that it ever was 100% honest in the past either.

Ratings = Dollars and that is the bottom line. Not the people's right to know.

Cramer is just like the other Kramer. A bufoon. Entertainment for those who like that sort of thing. Pays him his millions he could no longer make on the street.

I am in agreement with the theory of "Who cares? Let them rot."

If you are writing billions in bad loans, you get what you deserve.

If you are stupid enough not to ask where the money is going to come from to pay for those bad loans, you get what you deserve.

If you are stupid enough to not look into something like "Oh, and your rates will rise after a few years", when you are buying something that costs as much as a house...You get what you deserve.

To hell with them all. This was a perfect shitstorm of Greed and Stupidity.

It's not my job as the taxpayer to bail these morons out. And by morons, I mean all of them.

As I work in construction, I saw this a long time ago. $300,000 for a house that will fall apart in 2 years. Nobody cared, it was about quick money.

I predict you will see a lot of these "Super Subdivisions" turn into what they were running from. Hillbillies living on golf courses. Damn, I love chaos.

market seems to have stabilized today. too bad, no more cramer blow ups