Cramer: Another Great Depression? No, and Here's Why (money, financial, bank)
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I need some money for next month. I better take it out of the stock market. No, no.. it's for next Tuesday. I better get it out. Gonna need it on Tuesday.
"Housing prices signal a bottom by June 30 of next year."
"Washington has taken the necessary steps to save our financial system."
"There are no more surprises to be had."
Seriously? People believe this? You don't have to be a doom and gloomer to know that this is nothing but hot air. I wonder if he can pinpoint the stock market bottom, too?
He has been right a "few" times on things but he has also made INCREDIBLE blunders... short answer, he isn't smarter than you, me, or anyone else... he has a lot of media hype and unfortunately that leads to make people think he is "always" right... There may be a depression looming, we will see come next year...
Cramer is in the entertainment business, and he won't admit it when he doesn't know the answer to something. Call him up, ask him what the Dow will be at in 2027. He will make up an answer to anything.
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