"One other thought for those who are short: Bank of America will declare its dividend, and that will cause more short panicking, because it is really big."
His wisdom comes to late for those who succumbed to his "SELL, SELL, SELL" rant just days ago. He turns on a dime and while he is obviously a knowledgeable investor type, he is still a paid entertainer.
I know CNBC has its disclaimer to his opinions, but I would venture to guess, in fact I know, the audience is so taken by his Booyah crap the majority are led like lemmings over the cliff. He is dangerous to the innocents and uninformed that follow him. In the meantime he still collects his paycheck at the end of the week, regardless of how much money is lost by others.
Does cramer REALLY think that shorts are not expecting the div. to be declared? He cannot possibly be that stupid! What planet is jimmy living on? Lewis said just a couple weeks ago "no plans as of now to cut" It is a few months from now that is crunch time. Now I am worried about buying back in-Cramers buddy at "gold slacks" must be shorting the hell out it today!