Jim Cramer believes bear market has ended ! !

[chimper]

OMG IT GET'S WORSE.


http://www.thestreet.com/_yahoo/funds/madmoneywrap/10409025.html

"The bear market has ended with a bang," Jim Cramer told viewers of
his "Mad Money" TV show Monday.

The demise of Bear Stearns BSC, he said, signaled to investors that
it's finally safe to get back into stocks.

The beginning of the end occurred a few weeks ago when the situation
looked pretty bleak for the markets. At that time, Cramer said, it
looked as if both Freddie Mac FRE and Fannie Mae FNM were going
under.

ROFLMAO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Rick Myers]

1. If Cramer bought a funeral home...

People would STOP dying!!!

[Johonny]

33. :)

[Jack Rabbit]

35. Give that man a DUzy!!

[Warpy]

2. Irrational exuberance personified

That old boy is either screaming that the sky is falling or that happy days are here again and we'll all be dining on the yacht tonight.

I expect the trend to be down until Stupid is out of office. The Bear Sterns bailout prevented the whole house of cards from collapsing for now, but we'll see if it holds out until November.

In any case, the tips I will fail to take will come from Cramer.

[HCE SuiGeneris]

17. Two days before Bear Stearns tanked completely, he advised ON TV

that the caller should not sell his shares. He is an incompetent fool.

[riverdeep]

21. To be fair,

he claimed he was talking about taking your money out of a BS (revealing initials?) account, not shares. He said a classic bank run was not in the cards, and of course with FDIC, it's not. And that it was only going to be taken over if anything, which did happen. He was totally wrong in saying BS was in no problems, but again in his defense, this kind of thing doesn't happen much.

I saw the Daily Show bit and was intrigued by this idiot, so I went checking up.

[Blue_In_AK]

3. Yeah, right.

Our retirement money isn't going back into stocks until at least after the election and maybe not even then.

[Gman]

10. Ditto

we've got it all in cash right now. the broker wanted us to get into some growth fund back in December. We talked to him yesterday and he said, Hey, you're up $6K for the year. If you had got in when you were here last you'd be down $25K.

[Blue_In_AK]

14. We lost $56,000 out of my husband's IRA

since the first of the year. The day we took it out (in the morning) was the day the stock market took that 400 point drop. Whew........

[high density]

32. Were you happy when the IRA balance was up in October?

If you try to time the swings of market you're probably going to end up buying high, selling low every time unless you have a crystal ball. Stocks are about the only thing I can think of that people always want to pay top dollar for and then get all nervous when there's a 10% off sale going on.

The bottom line is that you need to pick a mix of stocks and bonds that makes sense for the length of the investment and tolerance for risk. Then you need to stick with it through the good and bad. Fleeing when equities are cheap and then buying again when they're higher is going to lower your returns.

[Blue_In_AK]

37. Of course.

We're happy with our stockbroker, but he said he understood perfectly why we did what we did. He advised waiting until after the election, as he thinks things will improve then. He's no fan of George Bush.

P.S. If we were young and had a lot of time to hang around for the inevitable upswing, we wouldn't be quite so jumpy, but we're not, so we tend to be a bit more cautious. I'm sure we'd have a whole different outlook if we were in our 40s and both still working.

[dbonds]

4. How can he say it ended when he never acknowledged it began.

[sharesunited]

5. Jim Cramer loves this country and says good things about the economy.

There are a few more stops on the way to "how did this happen?" which will give Cramer and Kudlow pickup food on the way home from work in Englewood Cliffs New Jersey.

[LeftyMom]

6. Didn't he say a couple of weeks ago not to take money out of Bear Sterns?

:rofl:

[sharesunited]

12. As a client and depositor.

The last thing Cramer wanted to be known for is as the guy who started a run on the bank at Bear Stearns.

[tkmorris]

15. And for that very reason

No one should pay the slightest attention to anything he says about the markets. His is not an unbiased opinion.

[Gman]

24. Unless he shorted Bear Stearns

[Yael]

7. He has finally lost his ever lovin' mind.

[JI7]

9. finally ?

[lpbk2713]

8. Nope. It's not January 2009 yet.

Wait till Shit-for-Brains leaves for Paraguay before you take a chance on losing your ass.

[Neshanic]

11. He of the advice when asked answered, don't sell your BS stock.

He is a delusional clown, along with vapid Maria and ex-coke fiend Kudlow.

[nadinbrzezinski]

13. I want some of what he's smoking

[malakai2]

16. Mad Money, huh?

[Crunchy Frog]

18. If you pretty much do the oposite of what Jim Cramer suggests

you should do pretty well. At least that's my understanding.

[AngryOldDem]

19. Dontcha just love CNBC?

It's like visiting an alternative universe, everyday.

[HughBeaumont]

29. Fast Money -

Filled with linebacker Repukes like Pete Najarian and Jeff Macke telling you what stocks you should have invested in about a week or a month ago. It's like the Faux News of commerce and trading - all a big loud circus.

[pansypoo53219]

20. but but but

it did climb from $2 to $10. that's a $8 dollar bump!

[riverdeep]

22. We have powerful structural problems with our economy.

Energy, in particular is not going away as an issue. Our economy is a house of cards, based on (largely) frivolous consumer spending. Things may tick up when the anit-Midas touch President leaves office and a Dem gets in, but the heydey of the 50's and early 60's is gone, and not coming back without major restructuring.

[chimper]

23. Tell that to Crammy and Krudlow.

And their handlers.....

[Ganja Ninja]

25. If we go by his track record with Bear Stearns then we've got ...

about 6 months before the whole house of cards collapses.

[high density]

31. Has Bear Stearns failed?

No, it hasn't. He called the Bear Stearns stock worthless but at the same time said people with investments held AT Bear Stearns would be fine. So far he has been right. I'm not a fan or follower of the guy, but I'd choose a different metric of judging him than the Bear Stearns fiasco.

[Ganja Ninja]

34. That's just silly.

If you took the value of Bear Stearns stock when he made his statements and compared it to what it's worth today you'd have to call it a failure especially if you owned that stock. The only reason they aren't in bankruptcy today is because the fed stepped in and brokered a deal for JP Morgan to buy them.

[high density]

39. Failure = customers/account holders lose all their money

And no, that has not happened. Redefining failure to a stock price doesn't work here. Stockholders got screwed, yes, but customers did not and the customers are what Cramer was talking about. Actually the customers seem to have gotten a rather good deal in this scenario when you consider the other possibilities.

[Ganja Ninja]

40. Yes that's were the $30 billion they promised in loans to

JP Morgan comes in. If the government had let them go bankrupt then peoples accounts would have been gone too.

Companies like Bear Stearns don't buy stock and hold it for people. They buy and sell to cover their asses. It's like a bank that takes deposits. They don't hold on to every dollar that comes in. They loan money out and hope to get it back plus interest. If everyone shows up on the same day to get their money the bank will not have enough cash to cover all their depositors.

Bear Stearns takes peoples orders for stock but they may sell that stock and speculate with the money. Bear Stearns speculated and lost. Bear Stearns couldn't cover their customers assets and that's why the government stepped in. Their customers stocks were worth something but Bear Stearns couldn't pay them if they came to claim it because they didn't have the money. Had they been left to their own devices they would have declared bankruptcy and those customers would have lost.

[Rex]

43. Very good point.

[KharmaTrain]

26. C'mon In Suckers...Why CNBC Was Created

Now let's see...we have a cash-starved market in desperate need of some quick money to keep the shell game rolling. Yep, let 'em know there's "bargains" and great "bottom-feeding". My spam bin is filled with all sorts of great "money making" opportunities right now. Of course, no guarantees and just trust the same people who gambled the market into the mess its in. The house is bust, it needs new fishes.

The bottom isn't even close...more companies and banks will and need to fail before smart investors jump back in. Many have locked their money away in secure investments...lower yield, but secure...and don't have the money to play even if they wanted to.

CNBC has been a tool of the brokerage houses...always with the "hot tip" that was paid for and with the "experts" who have this problem of disclosing their "picks" also are their clients.

[brentspeak]

28. Bingo

CNBC is a 24/24 infomercial for Wall St.

"How can we get the sheep out there to put more of their money in the market, so we can shill the stocks and short them at the same time? I know - let's create an authoritative-appearing business channel, add some smart-alecky guys and some good-looking women to be the hosts, and have them cheerlead for the market! We'll be rolling in the dough, while the suckers out there will end up scratching their heads, asking themselves, 'What went wrong?'"

[StrongBad]

27. Um...he's probably right. At least if he's talking of non-financial companies

There is a general trend that happens every year where there is a major selloff early on in the year that usually subsides around late March. It has happened the past two years and the financial companies that were screwed by the ARM loans have only exacerbated this year's selloff.

I'm willing to bet that we have seen the lows we will see for the year. Keep your money out of the financial stocks and you'll be ok.

[high density]

30. The stock market sometimes does OK during recessions

Don't confuse equities with the economy.

[El Pinko]

36. And the stock market has been shitty during the recent "expansion".

NT

[Xithras]

38. I find Cramer entertaining and get a kick out of Mad Money, but I look elsewhere for market advice.

Irrational exuberance indeed.

[chimper]

41. Maybe he will get sued one day.

For being such a moronic dickhead and pretending to give stock advice.

[Rex]

42. Well the show is called Mad Money and the host is a total idiot.

[Swamp Rat]

44. BOOYAA!!!

[Rex]

45. The Glenn Beck of economics.

Good thing I have these sunglasses. :hippie: