"Best July for the Dow in 20 Years" - But Noted CNBC Expert Jim Cramer Told Me To Get Out Of Stocks!

[TomCADem]

The CNBC market guru told us back in February that we should get out of the stock market and invest in CDs and cash due President Obama economic policies, and inability to prevent the collapse of the financial sector. Likewise, it was the supposed to be the start of the Obama Bear Market according to Bloomberg.

What gives? If you can't rely on the financial news, who can you rely on?

http://www.msnbc.msn.com/id/3683270/ns/business-stocks_and_economy/

###

NEW YORK - Traders used good news about the economy Friday to give the Dow Jones industrials their best July in 20 years.

Stocks closed mostly higher Friday after the government said the economy shrank at a slower pace than expected in the April-June quarter.

Gross domestic product slowed at a rate of 1 percent during the quarter, better than the 1.5 percent drop expected by analysts. But the report also found that consumers cut spending in the second quarter, a troubling sign because their outlays account for more than two-thirds of U.S. economic activity.

###

[sharp_stick]

1. I rely on Cramer for all my investment decisions

He says buy I sell every damn thing I own. When he says you've got to sell I load up like a Wall Street thief. Anybody that follows Cramers idiotic advice deserves everything that happens to them, he's a proven liar and a true moron.

There used to be a site called Leonard the Wonder Monkey that Cramer and his idiot bosses probably sued out of existence. Leonard would pick stocks at random and beat that psychotic chrome dome spastic every damned time.

[TomCADem]

2. Media Matters Notes Media's Rush To Blame Obama's Policies For DOW's Fall

It also contrasts unwillingness to lable DOW's fall under George Bush a "Bush Bear Market" even though George Bush experience two separate bear markets during his presidency.

http://mediamatters.org/research/200903100036

[boomerbust]

3. Sure

He also said to buy Bear Stearns two days before they went bust. Buy Ford at 8 dollars, I think it is on the way to 25 in the long term.

[Honeycombe8]

4. The financial advisor on the radio show I listen to said to get back into stocks...

several weeks ago.

Turns out he was right.

He's also Republican (I can tell from some of the things he says).

Oh, and he also said back in Nov '07 to get out of the market. I wish I'd paid attention to him then. I pay attention now.

[burning rain]

5. I suppose he has his value as a financial news performer.

Kind of like the value that an incurable lunatic at a state hospital has for a nurse who doesn't care to spend the money and go out to a movie. Caught a bit of him the other day hopping around on a hobby horse (um, I'm speaking literally here), madly waving a rubber hand, and taking bites out of first a real apple, then a wax one, to demonstrate the difference between an Apple iPhone and the competition's offerings. All the while gesticulating and hollering in a way that Glenn Beck would have trouble emulating.