Cramer's meltdown

[fabijo]

I've been seeing you people post about Jim Cramer's attack the other day, but just now saw the video. Man, he really looks like he's about to break down into tears. I'm surprised there were no curses coming out of his mouth! Here's the vid:

http://www.youtube.com/watch?v=SWksEJQEYVU

 

[fabijo]

:embarrest: oops. I just found Tom's post linking to the video. I hadn't been able to find a post with the link. My bad.

 

[Show-me]

:embarrest: oops. I just found Tom's post linking to the video. I hadn't been able to find a post with the link. My bad.

Glad you posted it. I could not find it.

 

[Griffin]

Now were waiting on "Cramer's Armaggedon Part 2: Cry Harder" - to see how he reacts to the latest FOMC statement

 

[weatherweenie]

Did anyone see the guy on CNBC Tuesday around 12:30pm ET? The guy was calling people who got ARMs and Balloon mortgages stupid and greedy people who got what they deserved.

While I think that went too far the other way, I agree with his premise. It's not the Fed's responsibility to bail out companies and people who make bad financial choices.

 

[Show-me]

The Hindenburg Omen has been replaced with the Cramer Armageddon Omen! LOL

What makes him think the Fed will react quickly to anything but a bomb going off under their chairs.

 

[Griffin]

Well Jim is reving up for anorther rant and just like Die hard vs Die Harder, it looks like Cry Harder is going to be a little more intelligent and a lot less action.

PS - He trying to talk the market into another sell-off so he can justify Friday's rant

 

[350zCommTech]

Isn't Jim friends with the CEO of CFC? If I recall, he was pushing CFC very hard. The lemmings that bought CFC because of him are going to get spanked.

 

[Fivetears]

I'm studying "Cramers Rule" in my College Algebra class this week. :nuts:

System of equations.
2x + 1y + 1z = 3
1x – 1y – 1z = 0
1x + 2y + 1z = 0
Coefficient matrix's determinant.
D=
[ 2 1 1 3 ]
[ 1-1-1 0 ]
[ 1 2 1 0 ]
Coefficient determinant with answer-column values in x-column.
Dx=
[ 3 1 1 ]
[ 0-1-1 ]
[ 0 2 1 ]

Cramer's Rule says:
x = Dx ÷ D
y = Dy ÷ D
z = Dz ÷ D.

 

[fabijo]

I'm studying "Cramers Rule" in my College Algebra class this week. :nuts:

Now I see why he nearly broke down into tears.

 

[budnipper1]

Cramer: Federal Housing Enterprise Official Is Up to No Good
Jim Cramer says George Bush buddy, James Lockhart, won't help homeowners.
http://www.thestreet.com/_htmlatb/video/cramermarketupdates/10373377.html
Link above is a video clip with Cramer concerning Lockhart and Fannie Mae concerns. He didn't quite lose it, as in his recent rant on Bernake, but came close.

Most Hated Man in the U.S., or Savior of Homes

By Jim Cramer
RealMoney.com Columnist
8/9/2007 3:33 PM EDT
http://www.thestreet.com/s/most-hated-man-in-the-us-or-savior-of-homes/markets/activetraderupdate/10373425.html?puc=googlefi
Should the most hated man in American be a faceless bureaucrat by the name of James Lockhart? You don't know him. Nobody outside the Beltway does. But he is at the heart of the chokehold on America's mortgage markets. When the book is written, Director of the Office of Federal Housing Enterprise Oversight (OFHEO) Jim Lockhart might be the man who is responsible for making more unforgotten men forgotten (and here I refer to the title of the excellent book,The Forgotten Man: A New History of the Great Depression) than anyone since Herbert Hoover.

 

[fabijo]

Cramer: Federal Housing Enterprise Official Is Up to No Good
Jim Cramer says George Bush buddy, James Lockhart, won't help homeowners.

Man, Cramer can really work the drama.

 

[350zCommTech]

So Fannie Mae needs to get into the game, gets its caps lifted and help people. Lockhart has the ability to step aside, or better, take a leadership role in saying he will maintain oversight but that the caps on Fannie's lending should be raised.

This is pure BULLSHIT! What game is he talking about? Sub-prime game? Financials, home builders, and lenders stocks rallied Tuesday and Wednesday on the hopes that Fannie Mae and Freddi Mac's limits could be raised, so they can have a way to off load their sub-prime garbage.

Jim is just trying to save his Wall street and hedge fund pals. This is so obvious.

 

[budnipper1]

This is pure BULLSHIT! What game is he talking about? Sub-prime game? Financials, home builders, and lenders stocks rallied Tuesday and Wednesday on the hopes that Fannie Mae and Freddi Mac's limits could be raised, so they can have a way to off load their sub-prime garbage.

Jim is just trying to save his Wall street and hedge fund pals. This is so obvious.

I especially liked the ending when he said he didn't understand why HE wasn't invited to the meetings with Bush, Lockhart, etc...then, he says it's because they know that "HE knows what's going on!" And he's saying all this during what seems to be an "unrehearsed" on-the-street interview, with his sleeves rolled up...he's just your average Joe who's got it all figured out.

 

[fabijo]

And he's saying all this during what seems to be an "unrehearsed" on-the-street interview, with his sleeves rolled up...he's just your average Joe who's got it all figured out.

The funny thing about it is that he is on Wall Street, but outside. I guess he's not invited into any of the reindeer games. :worried:

Another thing that cracks me up about that video is how he stops and stares at the camera while calling James Lockhart the enemy of every homeowner. Somehow, the unrehearsed camera person knew to zoom into Cramer that very moment.

 

[fabijo]

WHAT?? I just saw another video with Cramer where he tells people to default on their mortgage if their home value loses 20%. He says it is better to just pay rent than to lose money paying for a house that has lost so much value:

http://www.youtube.com/watch?v=FJYcxqjXlkc&NR=1

 

[fabijo]

Here's Cramer on the Colbert report trying to explain his meltdown:

http://www.youtube.com/watch?v=c6aUEIcnRx8

 

[robo]

Jim Cramer the Guru. NOT!



http://www.cxoadvisory.com/gurus/Cramer/


http://www.cxoadvisory.com/gurus/Default.asp



http://www.cxoadvisory.com/gurus/Default.asp#individuals


http://maddmoney.blogspot.com/

 

[Griffin]

Amen

This is pure BULLSHIT! What game is he talking about? Sub-prime game? Financials, home builders, and lenders stocks rallied Tuesday and Wednesday on the hopes that Fannie Mae and Freddi Mac's limits could be raised, so they can have a way to off load their sub-prime garbage.

Jim is just trying to save his Wall street and hedge fund pals. This is so obvious.

 

[JTH]

Don't you just love how today Cramer spent the entire show, harping on the fed? It seems his goal is to get the market to crash, so he can prove himself right.

What a jerk!