The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
Cramer has been more wrong than right. He is a barker. The US and World economy are in trouble. Real Estate is killing the markets. Oil is out of line. Inflationary pressure is increasing everyday. Based on my research, I see a bad year. Before, I thought we would have a good year. Now I think we will see the markets close the year out with double digit losses. This is a traders market. The key is to wait and enter for a pop and lock profits. China looks like a stack of cards. When you see them fall 50% or more, it will spread to the OSMs. Europe is in trouble. Asia has been in trouble. Remember when the Nikkei exploded and it never really came back. I see the DJIA hitting the 10,000 range from here before all is said and done. http://www.guardian.co.uk/feedarticle?id=7329627.. scary stufffye, here's the market prediction Cramer made in January.
--------------------------------------------------------------------------------
Jim Cramer listed his top 10 predictions for 2008 this week. Some of his forecasts are more likely than others, while others may just be wishful thinking.1. Goldman Sachs (GS) makes more money than every other brokerage firm in New York combined and finishes the year at $300 a share. Not a prediction—an inevitability. In fact, it’s only January, and I think it’s already come true.2. Oil goes much higher, maybe as much as $125 a barrel... We are running out of oil more quickly than people can imagine, and that means great returns for oil companies. Just buy the stock of the company you filled up at today or buy a driller (Transocean (RIG) is my favorite), then sit back and make money.3. The Fed arranges an Arabic Heimlich maneuver on Citigroup (C), so the banking giant doesn’t choke on the worst mortgage portfolio in the country.4. Verizon (VZ) becomes your cable provider.Cramer praised Verizon's Fios, and predicted that the stock will be the best performing in the Dow Jones averages. Time Warner (TWX) and Comcast (CMCSA) will be hit hard, he adds.
5. Turning to private equity, Cramer predicted that Cerberus Capital Management will fail to resuscitate Chrysler (which he attributes partly on the choice of Bob Nardelli), and that Congress will agree to bail out the fund.
6. Cramer is bullish on Google (GOOG):Google stock reaches $1,000. The company becomes one of the top three companies in the U.S. in market capitalization... and succesfully challenges Microsoft (MSFT) for operating-system dominance.7. With the dollar weak, Cramer foresees European companies swooping in to buy up the likes of Merrill Lynch (MER), JPMorgan (JPM), Colgate (CL), Clorox (CLX), Whirlpool (WHR), and Black & Decker (BDK), which, he forecasts, will all see their stocks rise as a result.
8. Apple (AAPL), he predicts, will reach $300. He sees it successfully taking over the music business, and, among other knock-on effects, he forewarns that Warner Music Group (WMG) will file for bankruptcy.
9. Turning to the media, Cramer posits that the cash-strapped New York Times (NYT) will accept a buy-out offer from Mayor Michael Bloomberg at $20 a share.Don’t be so quick to scoff: The cash is spare change for Bloomberg, who, don’t forget, already owns a small media company. I’d say the $10 share price is even money. That’s how bad it is at the Times. The Bloomberg buyout is probably a 100-to-1 shot, but may be less if he decides not to run for president and needs something else to do this year.
10. Returning to his lament over governmental and Fed policies, Cramer predicts that the victims of foreclosure will lead a march on the White House and lay siege on the Fed. This, he says, will lead to Bernanke resigning, his replacement slashing rates, and the markets rebounding. As Cramer admits, this one's a very very long shot.But if Bernanke or a future Fed chair does cut rates meaningfully, here’s a sure bet: That’s the time to start buying.
http://www.calicocat.com/401k.htm401k plans and the bubble
As mentioned earlier, 401k plans have had, and continue to have, a significant influence on pumping up stock prices. The stock market investor used to be someone who knew at least a little more about stocks than the average person. But today the stock market investor is the average person. (CNBC’s Lawrence Kudlow likes to talk about the “investor class.”) Everyone, no matter how ignorant about corporate finance, is urged to invest in the stock market through his company’s 401k program.
Autopilot investing by everyman helped to push U.S. stock prices to their highest valuations ever (according to Yale economics professor Robert Shiller, author of Irrational Exuberance). And I think that one of the reasons that stock prices still remain historically high, despite all the bad karma from Wall Street, is that the 401k autopilot investing continues unabated. A few weeks ago, I wrote in my blog about the echo bubble we are currently experiencing. Blame the 401k plans once again.
Advice for 401k investors
If you have a 401k plan, and it’s invested in stock market funds, especially stock market funds that have a strong emphasis on tech stocks (and if you don’t know what kind of stocks your mutual funds are invested in then maybe you shouldn’t be invested in stock market funds), then my advice is GET OUT. I repeat. GET OUT OF STOCKS. Put all of your 401k money into the safe money market fund (which hopefully every plan has at least one of) and wait. The bottom of a bear market comes when everyone thinks that stocks are a bad investment. We are obviously far away from the bottom because everyone is still investing in stocks.
Warning:
Yen carry trade going BYE..BYE...
Translation please.
350, do you think F is a safe haven through Wednesday next week?
lol, The market did not even close for Fridayat this time, it seems G will be the best performer for monday (expecting G to give a penny on Monday)