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He just said we're going to go lower and great depression II is back on the table. Buy signal emerging........
He did just say he failed his viewers with WB and then said maybe put himself into the Annex of the wall of shame. His call for Dow 8000 could be what brings him on there.
any1 remember his email in Oct 1998? On the very day of the bottom he turned bullish to bearish and sent out an email to TSCM members to sell everything and go short. that kicked off a an 18 month bull run into april of 2000 look it up if you dont believe me
I remember his BUY BUY BUY of the tech leaders in March 2000 because they were never going down. I think some are BK now.
I have come on here dozens of times and defended Jim Cramer. He does not have an easy job, I would not like to have to go on TV every day and give tens of stock picks. However, for him to go up there today and deny the chaos and agony he has likely caused people buy telling them this is not a real bear market, they should stay in the financials etc, NBC should show some class and take him off the air. Enough is enough.
I believe he also suggested the FDIC provides a type of insurance (at a premium) for wealthy individuals or corporate accounts, say $20, $50, $100m etc. in order to keep money in the deposit accounts and out of T-Bills.