Cramer called it like he sees it.

desdawg · August 25, 2008, 11:26:07 PM

Jim Cramer of the Mad Money stock investing program on TV said tonight it was his belief that the DJIA down 241 points today will continue to behave this way until Fannie and Freddie disappear from the landscape. It appears to be his belief that the Democrats will attempt to keep these two institutions alive as long as possible. He started a countdown calendar to clock the days until as he puts it the inevitable happens.
In addition to that he named a natural gas motor fuel stock play that the Pilosi's have invested heavily in. He is of the opinion that if the Speaker of the House has a vested interest it should be a good play given the political importance of energy in todays world and the attention Boone Pickens plan is receiving. Apparently the state of California has some plans pending concerning converting some of their fleet. Can you say tax credits.
I also caught a little of Michelle Obama's speech at the Democratic Convention. If she is correct we are no longer talking about creeping socialism we are talking about leaping and bounding Socialism. I have to try to see a rerun of that presentation to see the entire thing so I don't get something out of context. I just caught a little piece of it on the periphery as I was busy doing something else. I imagine like most news events of significance it will be aired repeatedly in whole or in part.

desdawg · August 26, 2008, 08:16:59 AM

I did get to see Michelle Obamas entire speech. She gave a great talk. It was actually an American success story about hard work and obtaining the desired results. Making it with what we have to work with. I get the sense the Obama's would like to make the results of their hard work accessable to everyone rather they have done the hard work part or not. I can appreciate where they came from and what it took for them to make it. Everyone already has the same opportunity. But the resulting success shouldn't be a gimme.

August 27, 2008, 01:15:46 PM

If this morning's market is any indication it looks like Cramer missed the boat. Actually he said it was too hard to predict where it would go next.
http://www.thestreet.com/s/jim-cramers-stop-trading-dont-touch-fannie-and-freddie/funds/stoptrading/10434569.html?puc=_tscrss

peternap · August 27, 2008, 01:54:56 PM

Quote from: desdawg on August 27, 2008, 01:15:46 PM
If this morning's market is any indication it looks like Cramer missed the boat. Actually he said it was too hard to predict where it would go next.
http://www.thestreet.com/s/jim-cramers-stop-trading-dont-touch-fannie-and-freddie/funds/stoptrading/10434569.html?puc=_tscrss

Cramer is wrong just as often as he's right. He's a brilliant man but you can't call stocks the way he does, with any precision at all.
It's like my joke about always being right about stocks...they're either going up, down or stay the same...I'm always right!

Cramer really needs to write a new book....Watch TV and lose your azz!

desdawg · August 27, 2008, 02:40:36 PM

I think your formula is as precise as it gets Peter. I never watched the way they move until this season. I never had the time before. It seems like whoever has the ear of the press can make things happen. The rest of us are just sheep. I am just a student trying to learn something.

August 27, 2008, 07:49:25 PM

Cramer is a hack. He was promoting Downey Savings & Loan last fall when it was at 61; it closed at 1.98 today.

muldoon · August 27, 2008, 09:14:08 PM

I dont care for Cramer either, he is a doubletalker. I have seen him repeatedly make a call, then reverse the next day or so - then no matter what happens he will claim he was right. Thats just crappy, no way around it. He is sometimes entertaining to watch when he goes bonkers on tv, well entertaining as far as watching cokeheads go bonkers gets that is.

desdawg · August 27, 2008, 11:27:04 PM

I have seen him contradict himself from one day to the next as well. He seems to have quite a following though. I like to watch non the less.
I don't think anyone really has a good methodology when it come to the mood of the market. The whole mess seems manic-depressive to me. The mood swings are pretty wild.

desdawg · August 30, 2008, 11:19:03 AM

Here is what Cramer had to say about himself and what he is doing. I have some Ameritrade shares and I think Cramer is good for them. They have been coming along but haven't set the world on fire.
http://www.thestreet.com/story/10435226/1/cramers-mad-money-recap-know-your-guru.html