Maybe Cramer DOES get it?

[Justin]

Finally someone in the MSM who can put into words what I have been trying to rationalize the past few months... and its Cramer of all people!

Cramer flips out on MSNBC

[haddad2970]

Cramer is quite wacky, but at least the guy is genuinely passionate about what he does. That's something one has to respect.

[Marc]

It's about time some one speak up.

[jasin]

I really think no one should take Cramer for anything more than entertainment value. Occasionally he does make insightful remarks, but I'd hate to see what the ROI would be basing your investment strategies on his show... yikes! For the most part he is shill for the listed corporations and hedgies first, and a honest adviser for the retail trader second.

If the objective is supply a short term solution solution to stabalize market and bail out the financials with total disregard to the compounded future cost, then yes, he gets it. I have to disagree with that strategy though.

There is a much larger implication though, and that is continued and even steepened unstable growth and over extension. Instead of some manageable downturns in the near future we could experience a economic nightmare.

Nothing is with out cost and CPI effects all of us.

I really agree with this linked post, though I have nothing against hedgies per se.
The Fed Should Not Be The Hedge Funds’ Insurance Agency • dummyspots.com

[REIHSI]

I bought Cramer's "Mad Money-watch TV and get rich." His concept is very different than Phip's. I like the sincerity and honesty in his book, but it is hard for me to watch his show. It is so noisy. rei hsi

[npg]

Cramer's stage performances are almost as good as Hitler's. Plain 'effing bonkers.

[Leeb06]

I met Cramer a few years back and take my word for it he is a very intelligent person. He has a historic knowlege of the markets that allows him to take advantage of the relentless patterns that consistantly repeat themselves.

However, when the television lights shine on him another persona emerges which is what you see on CNBC. Unfortunately, many of his best ideas about the market are burried in the circus like atmosphere he calls "Mad Money."

I don't think his outburst on CNBC was anything more than claiming his daily 5 minutes of attention. He along with many financial pundits have stressed that this Fed "has no idea" and they are to academic in their approach to the markets. Cramer for one should know that it was the easing of the interest rates on top of loosening of credit standards that has led us to our current subprime issues. The fed job is not to bailout sectors, investors or financial firms. If the fed were to ease now it would only exacerbate the problem by putting the inevitable financial crunch off for a few more years, and making our financial markets even more unstable with a falling USD. We would be doing just what the subprime lenders encouraged, trading our future properity for a bigger house and a flat panel TV. Markets have very short memories and are forced to relearn the mistakes of the past. This current subprime mess is just a repeat of the Junk Bond fallout and the S/L crisis.

[npg]

Originally Posted by Leeb06

He along with many financial pundits have stressed that this Fed "has no idea" and they are to academic in their approach to the markets.

And thats where he is wrong. The Fed has a very good idea. They know exactly what they are doing, namely, driving countries into debt. This is big business for central banks who, in essence, are a cartel and not part of governments (ie controlled by congress).

Right now the Fed is fully on track transferring all remaining wealth from the US. I would be very concerned here.

[capp53]

I agree with Leeb06. Money was lent with little or no collateral to people who should never have received a loan. However the temptation of huge fees overshadowed creditworthiness. The fed played no role in this and a bail out would only save those that should lose money. We should have seen this coming when Ditech had a TV commerical that said getting a mortgage was easier than ordering a pizza.

[petekoch]

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.