Cramer calls this a bottom...

Discussion in 'Trading' started by cszulc, Jan 23, 2008.

  1. cszulc

    cszulc

    Just heard Cramer call this a bottom...

    Haha I laughed out loud when he said this. Just last week, he said this was a bear market on his show and now he is back in his bullish mood. He has lost all credibility.
     
  2. He lost credibility LONG before this.

    http://www.youtube.com/watch?v=SGkrNJ19DSU


     
  3. What Cramer meant to say was that this was a 3 week bear market and now we've hit the bottom. Bulls in control now.

    shortest bear market on record.
     
  4. cszulc

    cszulc

    I loved that his 2007 Dow target was 14,580!
     
  5. Retired

    Retired

    By one common definition, a bear market is marked by a price decline of 20% or more in a key stock market index from a recent peak over a 12-month period.

    http://en.wikipedia.org/wiki/Bear_market
     
  6. Lucrum

    Lucrum

    Cramer couldn't "call" his mother.
     
  7. LOL!

    And sadly, people still watch him, and actually do what he says.:confused:

    I've picked up clients pretty easily once I found out who their "Advisor" was. I have a client in her late 60's with 700m who was following the Cramer "strategies" on MARGIN. OUCH!:eek:

    She did 6.7% in 2006 with the "booyah" strategy.

    Last, I like Rick Santelli when he gets pissed off. He's not one to get into a verbal spat with. Him and Steve Leesman (sp?) get into it now and then. I turn up the volume, and we get a quick laugh out of it in the office.:D