Hat tip: Howard
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Joined Jan 27, 2008
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Two things:
1. It seems that Cramer was channeling all the rage being piped over the blogs for the last month or so with his commentary.
2. The first step to avoiding a trap is knowing it’s there. (there is an old military technique that advocates running through an ambush but, how could that be good for the small guy?)
He should have just said ‘buy SRS’ and been done with it.
Does that mean to short FNM?
Good points.
cuervo-
The NCOs also had the lowest grunts they despised run through the minefield. Hopefully, the grunt ran light and fast—for his sake.
I hardly ever agree with Cramer, but he’s right. The cost to the market of the average person becoming so cynical that they avoid stocks, is greater than just the cost of FNM and FRE.
Sometimes it feels like nobody’s in charge, and if someone is, that person doesn’t know what he’s doing.
Boca,
I may get into that NOV you speak of.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aEUSxkckxh38&refer=home
Yeah, that could be good timing Ragin! Veritas5 just put up a good PG post on Gustav, hope you don’t have to evacuate.
it still means short cramer, but a moment odf semi lucidness in a sea of puke talk
Oh wait, let me see: Cramer’s “Action Alerts” picks keep losing his sheepish viewers money, so now the “market’s rigged”?
Sure, Cramer, whatever you say. I dont think it’s any dirty little secret that FNM and FRE are f-ed. And it doesnt take a fat cat on Park Ave. to know what financials are going to keep writing off assets and going lower.
In all honesty, if mom and pops cant figure out whats going on, they really should be out of the market. That’s what separates good investors/traders from good ones. Some guys can read in-between-the-lines (like sift throught Paulson’s BS) and others cant. If making money on Wall Street was easy every guy would be driving a Bentley. It wasnt easy 2 years ago (when “times were good”) and it isnt easy now.
Cramer’s venting is more about personal frustration than lucidity.
-Phil_from_Brazil
Translation:
We are heading for a crash!!
Fuck Cramer, if anything or anybody is crooked, it’s him.
He’s creating a martyr wall for himself right now, that’s all.
__
phil, exactly
Well said, Felipao.
It’s like blaming the officials for losing.
We can only hope this will eventually result in Cramer putting an end to his own shenanigans on CNBC. What a blessing for us all that would be (not to mention all the dumbasses who actually follow him).