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‘Mad Money’ Host Cramer: Time to Get Out of Stock Market |
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Trust and Confidence in President Bush are most certainly GONE as well as the Liars and Thieves on wallstreet!
Enjoy the new America folks, bend over and hold on…here we go!
And people wonder why there is panic and sell-offs on Wall Street. Do us all a favor, Mr. “Expert”, and SHUT UP! You have been wrong more often than right recently.
It’s The Elite greeders firing up their non-stop
private jets to Paraguay.
700trillion$ market in a 50trillion$ world!!!
Gee no one noticed till now?
It’s a little too late for that numbnuts.Where the fugg were you a month ago??
Never trust America again, establish relationships with others, not america!
US STOCK MARKET_CRASHING! October 6th, 2008 – 12:45 pm
“Never trust America again, establish relationships with others, not america!”
Yea go run to your Russian friends comrade. They are always there in a pinch.
… Obama , Pelosi , Reid , Dodd and Frank will
save us .
… NOT !
… is robert byrd really still alive ?
Sell! Sell! Sell!
I’m the kind of investor that lost money on Broadcom. That’s why I’m not in the market anyway.
Is this the same Jim Cramer that told everyone to hang on to their Wachovia stock a couple a weeks ago? And then Wachovia went bye-bye the following week.
But hey, he also publicly apologized for his mistake. Such a man! Boo yah Jimbo!
Now THAT was helpful… NOT. I think he pulled the 20% out of thin air. It will be more than that most certainly, but investing is investing and the money you need in the short term shouldn’t be in the markets anyway (rolls eyes).
He’s just adding panic.
BTW, I got my money out in Aug 2007, ya… 2007. Saw this coming, put my money into the BANK so they can lend it out to fuel the machine.
It’s high fives for Bush, McCain, and Cheney all around. They’ve done just a wonderful job destroying our economy. Let’s give them a hand folks.
This is the return to good times for wealthy Republicans. They’ll buy your foreclosed homes for pocket change. With McCain you’ll get to pay tax on your health care payments at work – just don’t get too sick – because you’re not really7 covered for anything expensive by these crooks.
McCain’s probably had to change his diaper even more today at the sweet prospect of buying all of those foreclosed homes.
Stop it with the partisan BS Nick. The Democrats and Republicans share the same bed and eat from the same trough. The sooner the American public rejects both parties in favor of true reformists, the sooner we can get back to the ideals that made this nation great. So please, stop blaming everything on Bush and Cheney and Rove. Obama, Biden, Franks, Pelosi, Shumer, and Dodd share the blame. Send them packing!
Must be near the bottom and ready for a reversal if Jim Cramer says to get out now! Yea, he had his buddy Wachovia CEO on the other week- telling people to “BUY Wachovia!” Yea- so your friends can get their money out.
The same guy who said ATT was “dead” when they were taken out of the DOW and T was selling for $14.00 a share then.
Yea -listen to Jim Cramer.
Another fu%%en joow that has stolen your money like all the others just like those who own the Private Federal Reserve. Just like those who are getting your tax payer money from the fraudulent BailOut!
I’m sure with no jobs you will have some extra time on your hands.
Hey, it October. Hunting season opens soon!
OK, you’ll make fun of me but I truely think Sara Palin can solve this crisis, all we need is confidence. She can go up there and explain to the America People what they have to do and give us confidence ao the stock market will shoot back up again, I just know it.
She cleaned up the corruption when she was Mayor and when she was governor, she can do it in this country too. Please let her.
BTW~~~~~~~~~~~~~~~~~~~~~
Don’t blame the Republicans or Democrates individually for this. They both brought this about.
BUT it is not just the U.S. that is failing. All countries across the globe are going down the tubes. Even ICELAND!!!!!!!
There is no way out now. We are entering “The Greater Depression”!
What you need now is a basement of food, guns and ammunition. a generator for basic electricity, and the guts to put a bullet into the head of anyone who wants to take away what you have left.
Think I’m kidding? I’m Not!!!
Hey, Nick… this isn’t a Bush/Cheney thing. It’s the forcing of Fannie and Freddie to back low income loans, pushed by the Democrats to get votes and campaign contributions (go look who got the most $ from Fannie and Freddie… #1 Dodd, #2 Obama, …). Also look at the party affiliation of the rich… majority are Democrats, even Democrat activists (Soros, for one). Anyone from Washington DC is suspect. Obama, Biden, McCain all voted for the pork filled “bail-out” that is only a small tool, as 800+ Billion is nothing compared to this global windstorm. Palin is right, consumers, wall street, congress, the White House ALL bear responsibility.
I might add that even former-Pres. Clinton is on YouTube talking about Democrats blocking even HIS action to try to regulate Freddie and Fannie more, and then Bush’s attempts, and then attempts by the Repubs in Congress, including McCain, who’s bill couldn’t even get out of committee. Barney Frank, Waters, Meeks all said “There’s nothing wrong with Freddie and Fannie” (there’s CSPAN videos of them saying that on youtube too).
Palin is the only outsider. I wish she was at the TOP of the (R) ticket so she had more power to “fix things up” and hold those responsible, well, RESPONSIBLE.
Who you have to thank for this: see the Z
Palin/Jidal ‘12
It’s my opinion an old guy by the name of Gunny is going to be parking in an empty lot about 1 mile away from Fuld’s home some night! Gunny trained at Ft. Benning I have read!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Rep. Henry Waxman, D-Calif., chairman of the House Oversight and Government Reform Committee, said the giant investment bank was “a company in which there was no accountability for failure.” Lehman’s collapse set off a panic that within days had President Bush and Treasury Secretary Henry Paulson asking Congress to pass the rescue plan for the financial sector.
Richard S. Fuld Jr., chief executive officer of Lehman Brothers, declared to the committee “I take full responsibility for the decisions that I made and for the actions that I took.” He defended his actions as “prudent and appropriate” based on information he had at the time.
“I feel horrible about what happened,” he said.
Waxman questioned Fuld on whether it was true he took home some $480 million in compensation since 2000, and asked: “Is that fair?”
Fuld took off his glasses, held them, and looked uncomfortable. He said his compensation was not quite that much.
“We had a compensation committee that spent a tremendous amount of time making sure that the interests of the executives and the employees were aligned with shareholders,” he said. Fuld said he took home over $300 million in those years  some $60 million in cash compensation.
Waxman read excerpts from Lehman documents in which a recommendation that top management should forgo bonuses was apparently brushed aside. He also cited a Sept. 11 request to Lehman’s compensation board that three executives leaving the company be given $20 million in “special payments.”
“In other words, even as Mr. Fuld was pleading with Secretary Paulson for a federal rescue, Lehman continued to squander millions on executive compensation,” Waxman said before Fuld appeared as a witness.
The DJI is down 737.61
Oh yeh Gunny~see Fuld’s name on the list?~
Jewish Americans are the most powerful and influential ethnic group in America. Jewish Americans make up 2 percent of the U.S. population yet comprise 40 percent of U.S. billionaires.
18% of jewish households have a net worth of $1 million or more. More than 55% of all Jewish Adults received a college degree and 25% earned a graduate degree.
More than 60% of all employed Jews are in one of the three highest status job categories: professional or technical (41%), management and executive (13%) and business and finance (7%).
Over 45% of large gifts made to charity are made by Jewish Americans. Over 50% of Jewish Americans live in just four states: New York, New Jersey, Florida and California.
Jewish Billionaires
Lawrence Ellison
Net Worth:$25.0 billion
Sheldon Adelson
Net Worth:$20.5 billion
Sergey Brin
Net Worth:$18.7 billion
Larry Page
Net Worth:$18.6 billion
Michael Dell
Net Worth $17.2 billion
Steve Ballmer
Net Worth $15.2 billion
Carl Icahn
Net Worth $14.5 billion
Michael Bloomberg
Net Worth:$11.5 billion
George Soros
Net Worth:$9.0 billion
Samuel Newhouse
Net Worth $8.5 billion
Source: Forbes Magazine
Jewish Media Executives
Rupert Murdoch
CEO of News Corporation
Robert A. Iger
CEO of the Walt Disney Company
Philippe P. Dauman
CEO of Viacom
Jeff Zucker
CEO of NBC Universal
David Westin
President of ABC News
Donald Graham
CEO of the Washington Post
Mortimer Zuckerman
Editor-In-Chief of U.S.News & World Report
Arthur O. Sulzberger Jr
Publisher of The New York Times
Mel Karmazin
CEO of SIRIUS Satellite Radio
Joanne Lipman
Editor-In-chief of Condé Nast Portfolio
Jann Wenner
Publisher of Rolling Stone Magazine
Source: Wikipedia
Jewish Investment Bankers
Richard S. Fuld, Jr.
CEO of Lehman Brothers
Lloyd C. Blankfein
CEO of Goldman Sachs
Charles R. Schwab
Founder of the Charles Schwab Corporation
Prof. Stanley Fischer
Governor of the Bank of Israel
Bob Zoellick
President of the World Bank
Ben Bernanke
Chairman of the Federal Reserve
Alan D. Schwartz
CEO of Bear Stearns
Bruce Wasserstein
CEO of Lazard LLC
Dr. Josef Ackermann
CEO of Deutsche Bank
Jean Claude Trichet
President of the European Central Bank
James Dimon
CEO of JPMorgan Chase
Blake Grossman
CEO of Barclays Global Investors
To Max Darkside (the fake one);
Quit blaming the Jews. Good grief.
“Every great fortune begins with a crime!”
Figure out who the criminals are then!!!!!!
What’s all this about The Juice running the country? How can that be? he was just convicted in Las Vegas! Oh wait…the Jews?…never mind
Max Darkside has nailed it truthfully.
Bush/Cheney is not the cause of this other than they did not push hard enough in face of Dem resistance for tightening regulation on Freddy and Fannie. Dems blocked every effort by Repubs in congress to intervene all the while saying everything was OK. It is the Dem’s rules that required loans to people who could not repay them and Barney Frank and Chuck Shummer who benefited most from it. All in the name of increasing home ownership at any cost among the poor minorities. And, yes, most of the richest men on Wallstreet who are involved in this disaster are Democrats like George Soros, the billionaire who funds most of the left wing Dem causes. But without a doubt the party in power gets the blame for the current crisis regardless what caused it.
As far as the market goes we have had larger declines than this in the past, the most recent being in 2001-2002 for a decline of 38%. Every time we have the fear mongers working overtime and when the news looks the worst the market bottoms and rebounds to new highs. Selling at this point guarantees a loss. In 2002 the market was as low as 8500 then rose back to over 13,000. Those who sold at the low point locked in a loss and those who stayed in made a lot of money. If you were going to get out the time to have done it was last November. 2008 is an election year and the markets will not settle until that is over with. Elections are a big source of uncertainty which causes a lot of volatility in the stock market. Talk of tax increases have a bad effect on the market.
If you are not a long term investor then you are gambling and should not complain about losing money.
NO, selling at this point guarantees that the 1st loss is the best loss.
The market is going to 7500 at the least. I know and you can take that to the bank!
This aholes need to shut their pie holes.
Governor Palin is the only one who can save us now, please vote for her, please!
Get the geezer off the ticket, he already has enough money. Sarah doesn’t have any. Vote for her alot if you can, get your kids and relative’s to “vote for her or else” if you know what I mean. Make sure that the ingnorat people you know who I mean don’t get to the poles and vote for the Marxis Muslim.
Write you congressman or woman write now to let Sara fix this right now so we don’t have to waite until after election day!!! Hurry!!
OOOOOh, Carole, dripping with sarcasm!
Hows ’bout we just sign off to Obama now before his recruitment of underage worshipers, his ‘Truth Squad’ (what ever the he11 that is) and ‘non-partisan’ vote registrars come and take over the voting polls.
What a doosh bag, the market is already down 40%!!
Cramer is a friggin joke he flip flops every week, he should run for a political position.
Anyone who would take financial advice from someone working for NBC, which is deeply in the red itself, should have their heads examined. Consider the source, people, consider the source.
Guys… stop the bickering. If just 40% of the American public were living within their means none of this would have happened. If you must place blame, it is on the dead. Woodrow Wilson and Franklin D. Roosevelt. After the Federal Reserve and the New Deal we were destined to this end.
Does this mean he’s canceling his show? Really, what’s the point.
Wow! Busy day! Always remember “buy low, sell high”. People that loss money in the market don’t follow that simple rule…
And if you listen to people like Cramer to decide how to invest your money, you should never be in the market anyway. However, to those that don’t know how to make money, but only loose it – THANKS!!!
Of course, people that listen to Cramer are probably the same ones that listen to Limbaugh, FOX news, Bush, and will vote for McCain… So to Hell with ya! :D
Mr. Darkside (and his syncopates):
Where did you get your rhetoric? Adolph Hitler? Your posting looks a lot like the justification Hitler used to commit genocide on European Jews in the aftermath of the Versailles Treaty and the terrible devaluation of the German Mark.
You should be ashamed of yourself.
Cramer is a ADHD under medicated fool rescued from being homeless… and pennyless..anyone who listened or dumb enough to listen to his idiotic hyperkenetic ramblings deserve what they get..there are many more sophisticatd and knowledgeable ways to understand legal gambling called the stock market…no one is guaranteed to win..stop all the name blaming and own up to your own affairs..if you cant afford to loose dont play..if you can’t afford to buy ..don’t…the bankers on wall street played with “swaps” and most of them go to church…like sarah…another incompetent with no knowledge of markets, reforms etc…bu t she does know moose..that will get us real far…
Oh Yeh, GUNNY IS GOING TO GET THIS GUY!!!!!
While former Lehman CEO Richard Fuld was testifying before the House Oversight Committee Oct. 6, CNBC reported he had been punched in the face at the Lehman Brothers gym after it was announced the firm was going bankrupt. CNBC and Vanity Fair contributor Vicki Ward said Fuld was attacked at the gym on a Sunday following the bankruptcy.
“Frankly, I sat there and listened and I’m with the guy who apparently, the day before Barclays announced they were coming in and Lehman had already filed for bankruptcy, went over to him in the gym and punched him because that’s how I feel when I, you know, when I watched that,†Ward said on the Oct. 6 “Power Lunch.†“I didn’t think he was contrite at all, I thought he was arrogant.â€Â
Ward confirmed previous reports about the incident that reportedly occurred Sept. 21 and said the information came from “two very senior sources.â€Â
What does that tell you? Did you happen to know that the .50 caliber rifle has a range of more than a mile? Do you know how far that is? It’s far enough so that by the time you find out where it came from, the sorehead who did it has another name and identity supplied by the nerds and is dancing the tango in Buenos Aires.
Remember, I’m not the guy you need to worry about. I’m too decrepit to hit a face with a pie. The guy you need to worry about is out there now, watching, stewing. By now, he is legion. He knows you are coming for his guns. And he is for instance the deadliest creature who ever stalked the earth: the Marine Corps sniper. Gunny maybe a little heavier, and a tad slower, but he is still fast enough to stick the red dot in your eye on his way to Buenos Aires.
You notice that the joows can’t dispute the facts so they TRY TO disparage the person who says the truth.
That is why they are the ones pushing the “Hate Crimes Laws”. Do you know it is a crime what some have posted here in France, German and Canada. You will be jailed for telling the truth about who caused this Depression we are entering!
It’s my opinion they will all pay in spades ONCE AGAIN. And the question is answered on “Why have they been removed from every country they have ever insinuated themselves into”?
Read real history my friends. You are now seeing it in the U.S.
cramer is right. my wife’s best friend lost over 20,000 in her 401k when the dow had that big 777 point drop last week. my wife’s friend is still being an idiot however and is going to keep her 401k in the market. anyone with a brain would know that you dont have to take it out forever. you can hold on to it for a couple of weeks or months until this market down turn hits bottom. then you can put it back in.
About four years ago, much of the world was shocked when three controversial historians were seized and imprisoned by “anti-hate” thought police. Holocaust reductionists Ernst Zundel, Germar Rudolph, and David Irving all served jail time for the “speech crime” of suggesting the total number of Jewish dead in World War II might not be six million or necessarily caused by gas chambers.
On October 1, well-known historian Dr. Frederick Toben, an Australian, was seized for the same “crime” at London’s Heathrow airport. He is now being held and will probably be deported to Germany. There, he faces almost certain conviction and imprisonment.
How will we respond to this latest assault on the free speech liberties of us all?
There is not much time to answer that question. Toben’s bail hearing is October 10. His final hearing is October 17. If he is delivered to German authorities, there is virtually no hope for his freedom.
Every American, especially Christians, should protest this outrageous attack on freedom of speech. Although most Americans do not think like Dr. Toben, his arrest is just a taste of what will come-for Americans like you and your family-if we do not defend freedom now.
International Hate Crime Enforcement
Toben’s case is a terrifying precedent. He did not commit a crime in Germany, so why is he being deported? A European Union (EU) warrant says that because his writings have traveled by internet into Germany, he violated German speech laws! This means an international warrant may be served against a person because his “internet presence” is everywhere. England does not yet forbid questioning the numbers and methods of the Holocaust, but it is cooperating with the EU. It claims it is treaty-bound to deliver anyone EU requests.
Tobin’s arrest is also an ominous precedent because he faces deportation and trial for the “crime” of anti-Semitism. Anti-Semitism is loosely (and falsely) defined by society and even modern dictionaries as criticism of Jews or matters Jewish. (See, What is Anti-Semitism?) Jewish watchdog groups such as the Anti-Defamation League (ADL) use it as a smear term to silence opposition. Now, incredibly, governments of Europe wield it as a basis for arrest, deportation, and imprisonment.
Israel’s Knesset continues to ponder legislation that would empower Israel to demand deportation to Israel for trial of anyone who publicly doubts the 6-million figure. The ultimate objective of ADL-inspired hate and thought crime laws is to make “anti-Semitism” an internationally indictable offense.(Watch, Hate Laws: Making Criminals of Christians ) Their goal is to internationally enforce the definition of “anti-Semitism” now held by the US State Dept.’s Office of Global Anti-Semitism.
According to this definition, the New Testament’s claim that Jewish leaders killed Christ is anti-Semitic! Unthinkably, this puts a hate crime noose around tens of millions of Bible-believing Christians. (See, US Government Condemns ‘Unintentional’ Anti-Semitism)
Sen. Edward Kennedy, ADL, and now the FBI allege that “hate crimes” are a form of domestic terrorism. (See, FBI: Rising Hate Law Gestapo?) In Canada, it’s a hate crime to publicly allege Jews had Christ killed; it is punishable by at least a $5000 fine, with imprisonment for repeat offense. In the US, Bible-believing Christians, considered anti-Semitic by our own government, could similarly become “hate criminals.” The next step is to also be labeled domestic terrorists under Homeland Security and its ADL-sympathic Jewish czar, Michael Chertoff.
Thus the net is slowly tightened by ADL and international “anti-hate” laws to bind Christians, thought/hate crimes, terrorism and anti-Semitism into one despised package. This will help fulfill Christ’s prophecy concerning His church in the last days: “And you shall be hated by all men for my name’s sake.” (Luke 21:17)
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Every 10 year period in the market since 1929 has made money. 95% of every 5 year period has made money. 77% of every 1 year period has made money and 23% of all 1 year periods have lost money.
In most cases within 2 years of the market low the gains have exceeded the loss before the low.
Patriot, stop with your anti-Jeew remarks. You are silly blaming one small group of people for all the world’s ills. You sound like a 9/11 conspiracy theorist.
I have some good sources that are telling me the feds suspect “financial terrorism” via shorts. Bin Laden has taken down parts of the internet and electronic banking system before. It will be interesting to see how this plays out.
Soros financed most of the USSR separatist groups in the late 80’s and he is funding Obama and radical left wing groups. Hitler was elected during a time of great financial turmoil.
Stay calm is correct we will be wealhtier in the future than we are today. Innovation will not stop unless we become a Socialist country.
Stocks are now near the beginning of a fall that will take the Dow below 1000, and will take perhaps 30-40 years recover!
And all you people who don’t know who caused this and where we are in all this are going to be the ones jumping from the roofs when you decide to buy in at the bottom!
Tell your parents to do the same because they raised you to think like you do and therefore they deserve the same fate.
The US Stock Market still makes the rest of the world look weak. The individual who said “don’t ally with the US” should consider that. Financially as well as militarily allying with the US beats the alternative.
This is panic right now, sheer panic or deliberate shorting by the “big boys” of the world, taking the US market downwards as wlel as the other markets around the world. The economy is fine, it’s just getting undercut by the international money folks. It could be back in a year like it was in 1987-1988, I also wonder how much of this is politically motivated, tanking the market right now.
The US economy is still the best in the world, but a lot of big fund people are trying to convince us that it is not.
This is all starting to make me a believe in the Trilateral Commision/ Bilderberg group conspiracy stuff. There is no reason our economy should be tanking over about 4% of fannie Mae mortgages going sout. No reason at all.
$850 BILLION divided by roughly 310 MILLION Americans is about $2742 per person.
Not a lot, but if the Government had given those funds DIRECTLY to each of us, we could have done a LOT to STIMULATE THIS SLUGGISH ECONOMY! Or we could have paid some of our property taxes and mortgage payments for a little while. Or our medical bills… Or our auto gas and home heating, or our groceries, etc. etc. etc.
Instead, the government will be paying high-priced CONSULTANTS AND MANAGERS to figure out how to spend $850 Billion…
How will giving all that money to people who helped create this mess help US Americans who are struggling right now??
Jersey Dave wrote:
“This is all starting to make me a believe[r] in the Trilateral Commision/ Bilderberg group conspiracy stuff.”
Exactly!!!
$850 BILLION divided by roughly 310 MILLION Americans averages around $2742 per person.
Not a lot, but if the Government had given those funds DIRECTLY to each of us, we could have done a LOT to STIMULATE THIS SLUGGISH ECONOMY!
Instead, the government will be paying high-priced CONSULTANTS AND MANAGERS to figure out how to spend $850 Billion… How will doing that help US Americans who are struggling right now??
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AMEN!