Feb 22, 2009 06:42
If you wipe out the preferreds and the bonds, though,
you know I believe the stock market will simply evaporate.
That's how critical it is. I think that we could be down
several thousand points on the wrong move...
Watch:
H/T: Soot & Ashes
banking sector,
jim cramer,
economic collapse,
nationalization
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In any case, realize that his motivation is very likely SHORT, SHORT, SHORT, and NAKED SHORT.
http://www.deepcapture.com/
Cramer and his circle will probably make a boatload of money if the Markets Crash another could thousand points. He and his circle are crooks of the highest order, in league, at least, with sellers of counterfeit shares of stock.
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(In any case, Cramer's credibility as an expert has evaporated faster than the DJI, ever since he told everybody to buy Bear Stearns right before it collapsed.)
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“It’s just too dangerous,” he said.
http://www.cnbc.com/id/29304624
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I might agree that gold still somehow looks "safe" (compared to almost anything else).. but when you tell your viewers that the gold market is not a bubble...
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notice the cramer commercialism that accompanies the interview.
he says nationalization takes over capital structure. here's another view. it won't take nationalization to cause massive unemployment and revolution. oh look there's another pitch for cramer on the screen. cramer predicting social unrest is *not far* from stein predicting Wamu's a buy. and he did.
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Anyway, Jim Cramer would LOVE to have only been as wrong as Ben Stein. Cramer told his followers that Bear Stearns was a buy.
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~M~
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Has nationalization been floated keeping the preferred stock? Or can it be left alone at all?
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http://www.investorwords.com/3778/preferred_stock.html
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