Jim Cramers predictions for 2008 - Did they come true?

Discussion in 'Trading' started by Port1385, Dec 28, 2008.

  1. 1. Goldman Sachs (GS) makes more money than every other brokerage firm in New York combined and finishes the year at $300 a share. Not a prediction—an inevitability. In fact, it’s only January, and I think it’s already come true.

    2. Oil goes much higher, maybe as much as $125 a barrel... We are running out of oil more quickly than people can imagine, and that means great returns for oil companies. Just buy the stock of the company you filled up at today or buy a driller (Transocean (RIG) is my favorite), then sit back and make money.

    3. The Fed arranges an Arabic Heimlich maneuver on Citigroup (C), so the banking giant doesn’t choke on the worst mortgage portfolio in the country.

    4. Verizon (VZ) becomes your cable provider.

    Cramer praised Verizon's Fios, and predicted that the stock will be the best performing in the Dow Jones averages. Time Warner (TWX) and Comcast (CMCSA) will be hit hard, he adds.

    5. Turning to private equity, Cramer predicted that Cerberus Capital Management will fail to resuscitate Chrysler (which he attributes partly on the choice of Bob Nardelli), and that Congress will agree to bail out the fund.

    6. Cramer is bullish on Google (GOOG):

    Google stock reaches $1,000. The company becomes one of the top three companies in the U.S. in market capitalization... and succesfully challenges Microsoft (MSFT) for operating-system dominance.

    7. With the dollar weak, Cramer foresees European companies swooping in to buy up the likes of Merrill Lynch (MER), JPMorgan (JPM), Colgate (CL), Clorox (CLX), Whirlpool (WHR), Bear Stearns (BSC), Lehman Brothers (LEH) and Black & Decker (BDK), which, he forecasts, will all see their stocks rise as a result.

    8. Apple (AAPL), he predicts, will reach $300. He sees it successfully taking over the music business, and, among other knock-on effects, he forewarns that Warner Music Group (WMG) will file for bankruptcy.

    9. Turning to the media, Cramer posits that the cash-strapped New York Times (NYT) will accept a buy-out offer from Mayor Michael Bloomberg at $20 a share.

    Don’t be so quick to scoff: The cash is spare change for Bloomberg, who, don’t forget, already owns a small media company. I’d say the $10 share price is even money. That’s how bad it is at the Times. The Bloomberg buyout is probably a 100-to-1 shot, but may be less if he decides not to run for president and needs something else to do this year.

    10. Returning to his lament over governmental and Fed policies, Cramer predicts that the victims of foreclosure will lead a march on the White House and lay siege on the Fed. This, he says, will lead to Bernanke resigning, his replacement slashing rates, and the markets rebounding. As Cramer admits, this one's a very very long shot.

    But if Bernanke or a future Fed chair does cut rates meaningfully, here’s a sure bet: That’s the time to start buying
  2. Nice Job, Cramer! What is he predicting for next year.
  3. dont


    What is remarkable is that he is 100% wrong!
  4. nkhoi

    nkhoi Moderator

    based on his past records, who cares. :D
  5. TThese people have no choice but to be bullish. A broken down banking system threatens a repeat of history on their people.

  6. Mad money needs to go. His predictions are awful. He said to sell stocks when the dow was at 8500 back in early October. It's still at 8500, but if you sold you will miss a nice dividend.
  7. aradiel


    Well anyone who followed his advice had the opportunity to buy everything back much cheaper during November. What about your predictions and advices stock? I remember you were all buy buy buy when the Dow was in the 12k area, beating Cramer to the punch.
  8. Where did you get this from? I just want to give credit to the original source.
  9. NY_HOOD


  10. The people who fade him.
    Thank you, Cramer. Keep 'em coming.
    #10     Dec 28, 2008