This ad on Fox says it all. Not to worry today he will say it has bottomed if we get a bounce. Remember Bear Sterns he said no problems. I think he called a bottom at 10000. The next day he said sell. My guess is when the dust settles he will be history. BOYCOTT THE SHOW. Ask yourself one question have you made money listening to him??????
If you don't buy it as being a possibility, then you really don't have any clue what's going on in the GLOBAL ECONOMY and should not be investing in the stock market.
And for anyone to think MS is like the lifeline of the world markets, you deserve to lose money until you realize the issues upon us.
Yes, I've been short many financial stocks since last, just because economics 101 told me there would be massive downturn based upon the greed of many that caused this mess much sooner than later.
As for MS, I do not believe the end deal will be beneficial to common shareholders as the market (people in the know) has already given a clue to what common stock may or may not be worth.
Bash me if you'd like, but when you have Banks worldwide crumbling before your eyes I hope you begin to open your eyes and be more concerned about a way to get out of this mess than praying MS gives your money back.
This is the guy who screamed bottom at DOW 10000 just 3 weeks ago. Said, yup, I'm willing to stick my head out now and call it right here like it is. Jim Cramer is a disgrace. He is also a big menace to the lemmings who can't tell a clown from a prophet.
And stop it already with the cliches. Market is the "people in the know?" Give me a break. These people in the know were standing around a month ago without a clue that the whole thing was going to drop 30% on them. Now there are countless headless chickens flying around, and you count on these guys to be "the people in the know"? And you stand up there saying how smart you are to be short all this time?
excuse me pimple on my ass. read
remember they ( mitsu )converts at 20-25 bucks so they would wait till we hit 30-40 to convert. that means we go up 20 points from here. there is no dilution until they are in the money. you cant lose buying in at these prices.
Cramer is a good showman but a poor stock picker.
He kept recommending buy buy buy, until just this week or so. Barron did a study on all his stock recommendation, read it yourself here. basically, you will be rich if you short Cramer.
Now that he is asking people to sell. and calling for Dow to be down to 6700 on Monday when Dow is now 8500. I actually seeing this as a sign of "bottoming". i.e. When Cramer is crying and so negative, it should mean the bottom is near if not here already.
He is nothing more than a clown. Everyone entitles for their own opinion and so does he and us. But check out the number and trust the number as "number do not lie". read the barron article for your own sake before listening to Cramer...
I think if you read the article from cramer he is calling for 6700 only if there is no cordinated global resolution - but it looks like europe has come up with their plan and US will announce something prior to the open in the morning. Cramer's article was stamped 2:20 pm in the afternoon and he didnt know about these developments plus the MS news.
so if the corodinated bailout happens and MS deal goes through I think cramer would takie his 6700 off the table....