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Re: Maybe Cramer DOES get it?
Yeah, Cramer gets it. Seems to me that he must be on the wrong side of a few trades. Or he and his buddies are stuck with a lot of merchandise they can't move which is choking them. The whole performance seemed almost rehearsed.
Bernacke can't ease now. If he does, rates will come down and absolutely no foreigners will buy our crappy paper, which seems to be the major factor in keeping our whole ship afloat. What Cramer wants is the Fed to bail his boyz out, as it always did under Greenpants. I'm not really sure it will help in this case. They can keep postponing the day of reckoning, but it's going to arrive sometime.
I never watch CNBC, but yesterday, while channel surfing, I happened to catch a very self-serving interview Cramer did in which he explained that housing is just a very tiny part of the total economy and that there was no reason to worry. FWIW, he was in denial in 2000 also, and remained a screaming bull until the fall of that year, 6 months and a couple of thousand points after the NASDAQ peaked.
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