Comments on: Update: Cramer capitulates (or does he?) http://blogs.reuters.com/reuters-dealzone/2008/10/07/cramer-capitulates/ Behind the deals and deal-makers Sun, 19 May 2013 14:23:17 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Frank http://blogs.reuters.com/reuters-dealzone/2008/10/07/cramer-capitulates/comment-page-1/#comment-338645 Frank Wed, 08 Oct 2008 06:16:15 +0000 http://blogs.reuters.com/reuters-dealzone/2008/10/06/cramer-capitulates/#comment-338645 I have followed Cramer off and on both on TV and The Street.com. for years. He is an amazingly prolific writer and generally right about stocks. He has always been right when he called a market bottom and I lost money when I didn't agree. Can't fight the guy, he is a genius (and a bit of a maverick). Never has he come close to this kind of market warning. Always in the past he has been able to move between market sectors and find good buys even in the worse of times. Not now. If Cramer can't see an end in sight, hang onto your hat.... I have followed Cramer off and on both on TV and The Street.com. for years. He is an amazingly prolific writer and generally right about stocks. He has always been right when he called a market bottom and I lost money when I didn’t agree. Can’t fight the guy, he is a genius (and a bit of a maverick). Never has he come close to this kind of market warning. Always in the past he has been able to move between market sectors and find good buys even in the worse of times. Not now. If Cramer can’t see an end in sight, hang onto your hat….

]]> By: Neil http://blogs.reuters.com/reuters-dealzone/2008/10/07/cramer-capitulates/comment-page-1/#comment-338641 Neil Tue, 07 Oct 2008 22:17:48 +0000 http://blogs.reuters.com/reuters-dealzone/2008/10/06/cramer-capitulates/#comment-338641 The problem is that there has been too much interference in the markets. If one bank gets bailed out and another doesn't, what kind of sign does this give to world markets. Since the whole wide world has started to talk about world wide bailouts, has this caused the markets to rise. Completely the opposite. Since starting this mess with panic rate cuts last year the Fed has made this credit crunch as bad as it can be. Another rate cut would be just as catastrophic in the end. Rate cuts have not, I repeat not reduced lending costs to anybody and will give more wrong signals to the markets. We have to let the markets take their course. Natural selection must be the way. Pumping billions and billions of dollars into a failed economic system will, in the end, fail itself. The problem is that there has been too much interference in the markets. If one bank gets bailed out and another doesn’t, what kind of sign does this give to world markets. Since the whole wide world has started to talk about world wide bailouts, has this caused the markets to rise. Completely the opposite. Since starting this mess with panic rate cuts last year the Fed has made this credit crunch as bad as it can be. Another rate cut would be just as catastrophic in the end. Rate cuts have not, I repeat not reduced lending costs to anybody and will give more wrong signals to the markets. We have to let the markets take their course. Natural selection must be the way. Pumping billions and billions of dollars into a failed economic system will, in the end, fail itself.

]]> By: L. Thurmond Mungwort III http://blogs.reuters.com/reuters-dealzone/2008/10/07/cramer-capitulates/comment-page-1/#comment-338640 L. Thurmond Mungwort III Tue, 07 Oct 2008 21:46:18 +0000 http://blogs.reuters.com/reuters-dealzone/2008/10/06/cramer-capitulates/#comment-338640 Can anyone confirm that Cramer did NOT hit the sound-effects switchboard to underscore his point on the Oct 6 broadcast? My sources say no. I think any person with half a brain knows that all bets are off if Jim doesn't go to the sound-effects. On a different note, I (largely) believe that pork-rind price-gouging at gas stations preceded the gas hikes. Can anyone confirm that Cramer did NOT hit the sound-effects switchboard to underscore his point on the Oct 6 broadcast? My sources say no. I think any person with half a brain knows that all bets are off if Jim doesn’t go to the sound-effects.

On a different note, I (largely) believe that pork-rind price-gouging at gas stations preceded the gas hikes.

]]> By: Thomas http://blogs.reuters.com/reuters-dealzone/2008/10/07/cramer-capitulates/comment-page-1/#comment-338639 Thomas Tue, 07 Oct 2008 21:35:39 +0000 http://blogs.reuters.com/reuters-dealzone/2008/10/06/cramer-capitulates/#comment-338639 I enjoy watching Cramer but after TIN fell to $ 10 after an earnings call I sold the stock. In the next day or two Cramer says it's going to $ 18. And, it went right up there. TIN only made about 8 cents a share, the stock price went up 100x the actual profit. Where are the fundamentals in that ? I enjoy watching Cramer but after TIN fell to $ 10 after an earnings call I sold the stock. In the next day or two Cramer says it’s going to $ 18. And, it went right up there. TIN only made about 8 cents a share, the stock price went up 100x the actual profit. Where are the fundamentals in that ?

]]> By: jojo http://blogs.reuters.com/reuters-dealzone/2008/10/07/cramer-capitulates/comment-page-1/#comment-338638 jojo Tue, 07 Oct 2008 21:22:05 +0000 http://blogs.reuters.com/reuters-dealzone/2008/10/06/cramer-capitulates/#comment-338638 Cramer is from CNBC. CNBC belongs to GE. GE has been established long time ago by JPM. JPM seems to be doing quite good now... as good as many decades ago (almost a round date). I forgot, Mr. Gasparino is a genious and can predict every next sitting duck to be shorted, CDS-ed down to the ground. (by the way Mr. Gasparino... you may wish to watch movie Wall Street... the end might be of particular interest for you) Cramer is from CNBC. CNBC belongs to GE. GE has been established long time ago by JPM. JPM seems to be doing quite good now… as good as many decades ago (almost a round date).
I forgot, Mr. Gasparino is a genious and can predict every next sitting duck to be shorted, CDS-ed down to the ground.
(by the way Mr. Gasparino… you may wish to watch movie Wall Street… the end might be of particular interest for you)

]]> By: colleen http://blogs.reuters.com/reuters-dealzone/2008/10/07/cramer-capitulates/comment-page-1/#comment-338636 colleen Tue, 07 Oct 2008 21:00:33 +0000 http://blogs.reuters.com/reuters-dealzone/2008/10/06/cramer-capitulates/#comment-338636 Hubby and I took every penny out of Stock Market 18 months ago (who could not see this coming???) and into laddered cd's (only 5 to 2.3% interest but not DOWN 25%!). What was Cramer saying 18 months ago? He's a fool. Hubby and I took every penny out of Stock Market 18
months ago (who could not see this coming???) and into laddered cd’s (only 5 to 2.3% interest but not DOWN
25%!). What was Cramer saying 18 months ago? He’s a fool.

]]> By: Merrill Grinch http://blogs.reuters.com/reuters-dealzone/2008/10/07/cramer-capitulates/comment-page-1/#comment-338635 Merrill Grinch Tue, 07 Oct 2008 20:57:00 +0000 http://blogs.reuters.com/reuters-dealzone/2008/10/06/cramer-capitulates/#comment-338635 I think he is doing people a dis-service, as we are obviously closer to a bottom than a top in the market. Don't sell when everyone else is panicking! I have been reading Cramer for years, and have found his advice unreliable. There are much better sources of trading and investment advice, if one would only turn off the tube and look. I think he is doing people a dis-service, as we are obviously closer to a bottom than a top in the market. Don’t sell when everyone else is panicking!

I have been reading Cramer for years, and have found his advice unreliable. There are much better sources of trading and investment advice, if one would only turn off the tube and look.

]]> By: John http://blogs.reuters.com/reuters-dealzone/2008/10/07/cramer-capitulates/comment-page-1/#comment-338634 John Tue, 07 Oct 2008 19:39:56 +0000 http://blogs.reuters.com/reuters-dealzone/2008/10/06/cramer-capitulates/#comment-338634 Cramer is an alarmist! His panicky comments are not helpful. Talk to your broker and stop watching these nuts. There story and strategy changes as much as the weather. Cramer is an alarmist! His panicky comments are not helpful. Talk to your broker and stop watching these nuts. There story and strategy changes as much as the weather.

]]> By: Aaron http://blogs.reuters.com/reuters-dealzone/2008/10/07/cramer-capitulates/comment-page-1/#comment-338633 Aaron Tue, 07 Oct 2008 17:16:18 +0000 http://blogs.reuters.com/reuters-dealzone/2008/10/06/cramer-capitulates/#comment-338633 I think his record speaks for himself, he is a person who started with nothing and is worth a reported 50 million today. You don't get that far without knowing what you are doing, and obviously he's been right more times than he has been wrong. Sure he's not your traditional Ivy League analyst, but he knows just as much and isn't a yesman. Anyone in the industry knows the other analysts are out to protect their own treasure chests and they are HEAVILY censored by the companies they work for. I think his record speaks for himself, he is a person who started with nothing and is worth a reported 50 million today. You don’t get that far without knowing what you are doing, and obviously he’s been right more times than he has been wrong. Sure he’s not your traditional Ivy League analyst, but he knows just as much and isn’t a yesman. Anyone in the industry knows the other analysts are out to protect their own treasure chests and they are HEAVILY censored by the companies they work for.

]]> By: joe http://blogs.reuters.com/reuters-dealzone/2008/10/07/cramer-capitulates/comment-page-1/#comment-338630 joe Tue, 07 Oct 2008 13:51:10 +0000 http://blogs.reuters.com/reuters-dealzone/2008/10/06/cramer-capitulates/#comment-338630 If Cramer told everyone to kill their families I wonder how many people would do it. If Cramer told everyone to kill their families I wonder how many people would do it.

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