add to the huge list. His only call that was correct last year was a general one: get rid of the banks....but his single calls in the financial arena have also, been a debacle. Why everyone finds him so appealing and continues to buy books and listen is beyond my comprehension.
The only fix to the mortgage mess is a wholesale change to the bankruptcy laws.
A certain percentage of citizens now practice Clinton Ethics and will simply walk away from their contractual payment obligations. These deadbeats went to banks and left with YOUR money, now they're refusing to pay it back. Had they used guns it would have been against the law.
SInce they signed contracts they're somehow victims with hands full of race cards to play.
No. We're talking about how he said to buy at $60, then less than two weeks later said to sell, essentially at $45. Then a month later, he said to buy at $47, then yesterday, sell at $31. Cramer is sure making his sheep some mad money, isn't he?