iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,443 Blog Posts

Cramer: Negative Wealth Effect is Hurting Economy

Cramer wants to know where are the “jokers” who said raising rates would be good for the economy and the market.

–Sobering time

–Housing peaked

–Autos peaked

–Oil has to go to $20

You can tell he’s a ticking time bomb and he’s one -300 open away from blowing his top and going John Rambo on the Fed.

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6 comments

  1. badduck

    Everyone, and I mean everyone, is utterly convinced crude goes to $20. I say it doesn’t happen and the low is right around $27.

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    • zerosum

      A question much on my mind…oil to $20 is starting to look like a very crowded trade.

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  2. tradercaddy

    Business must be slow at Cramer’s restaurant.

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  3. vandamme

    Can we get a Bernank fuming in his Citadel corner(ed) office post?

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  4. edgar

    wow a whole two week long bear market and he’s already moaning like a bitch. two week long negative wealth effect 10% off the ath wawawawa.

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  5. gorby

    When you have no place to store oil and because of
    circumstances you cannot shutin, then oil could go
    to a buck..

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