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Okay ... now you can agree or not, call me crazy, a nut, whatever, but here's my take on Cramer.
I saw him on Morning Joe making this statement so there's no question about what he said the other day totally reversing everything he said just weeks before. But let's remember he's on CNBC owned by NBC, owned by GE, headed by Jeff Imelt. Jeff Imelt is a strong supporter of Barack Obama, helped get him elected, partly by supporting him on NBC.
Cramer got in big trouble with the PTB and they rolled over him and so now he's rolling over and telling the viewers the worst is over and we're on the way to better times ahead.
And you wonder what's going on? C'mon!
Jim Cramer visited in the night by agents of "the PTB" and scared into not badmouthing Obama or Geithner anymore?
1) Obama, congress, politicians, all have a horse in the race and their predictions are either to score a few points with public opinion or just plain wishful thinking.
2) Cramer is also free to say whatever he wants, but after listening to some of his predictions, I hoped he would step down. The problem is not Cramer only, but other financial "experts" who never get it right (in regard to future economic trends), yet for unknown reasons they continue speaking volumes about the future. Do you believe any person saying the economic recession is over?
People were warning but who was going to listen when all the big wigs and a lot of little people retirement accounts across the world were "making" money?
Exactly what I was thinking! Maybe he was found to be such a dolt after J.S. got done with him he figured he better quit the nay saying or risk being AIG'd?
I don't think anyone would argue he's grossly overpaid and should return it do you?
We can go on with business as usual or demand the problems be fixed and the crooks that created them ousted....
I've gotten the feeling throughout the whole unraveling that Obama sees his mission as protecting investor confidence which took a huge punch in the nose after lehman collapse. Another aspect is Obama has a strategic mind if you hadn't noticed how he played the primaries. I don't know if this is the real plan...
I honestly have not, I'm almost positive that my averages are higher than his..
Regardless, the mans not an "idiot"...
I don't believe I said he was an "idiot". I do believe he acts "idiotic" at times though.
The reason I called him a "dolt" was it seems he actually beleived that he could make the gross mistakes and miscalculations that he has and not be either caught or called on the carpet by the viewing public or the media.
You've got to admit that the feigned personal offense he took on several tv shows after being confronted with his errors was a bit over the top.
I dont like the guy nor do I watch him, occasionally I'll catch about 10-15 minutes of his show every few months.. I just think the name calling was over the line, but the norm for some.
Over the line? The guy went on national TV and told people to buy companies he KNEW were going to go down. All you had to do was look at a chart of the companies he was recommending and you would be shocked that he could stand up there and do it. He is a pro and he knew what he was doing. That is how the game is played, he was basically helping his Wall St Buddies in a pump and dump scheme. Your right, the guy does not deserve to be called names, he belongs in jail.
They probably do it this way now, since the "summoned" to the White House thing with Bob Basso kinda went awry.......
Got anything but a blog entry on this?
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