Credit Crises over. Cramer says buy banks
Started by Riversider
about 17 years ago
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Member since: Apr 2009
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sell. now. yesterday.
Market closes in 12 minutes, am I going to have enough time to cash out my 401k and kids' college funds to buy Citigroup?
no, the 401ks are halting withdrawals AND transfers among asset classes. you'll just have to live without your C.
Not to worry, I will buy on margin!
Why not use PPIP money.
You think that's air your breathing- Morpheus
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp
Buy. Buy. Buy. The banks will be completely unaffected by the tanking commercial real estate industry.
Cramer would never mislead us. He told us to buy Bear Stearns and....oh, wait a minute. That didn't work out so well did it. Nevermind.
Notice Roubini was on and Cramer took a pass on confrontation? One of the very few smart moves I've witnessed the man make.
They're planning a remake of the movie Memento Starring Jim Cramer. How much easier to prognosticate when you can't form any new long term memories.
My favorite Cramer article ever:
http://nymag.com/news/businessfinance/bottomline/31275/
Cramer is wise...
Stop envying Goldman Sachs’ Lloyd Blankfein already. Don’t begrudge Bear Stearns’ Jimmy Cayne and Lehman’s Dick Fuld their millions. Let Merrill’s Stan O’Neal and Morgan Stanley’s John Mack get paid more than Croesus. You heard it here first: They deserve it. In fact, they deserve more than they earn now.
you know I must admit, I messed up day trading this rally and sold way too early and started nibbling on shorts way too early and took some nice pain. Thats fine and happens. But can you believe the swing in confidence with this rally compared to where we were two months ago. Cramer has been wrong so many times I cant keep count. And the guys that have been calling for bottoms, are on their 3rd bottom call now so you have to dilute their credibility.
Nobody knows how long the euphoria will last, but the swing from 'the world is ending and banks will be nationalized' to 'its all better, govt/fed saved the day' is amazing. If a politician flip flopped a position like this in a 8 week period, we would all be laughing in his/her face! Thats all Im saying. Stocks are the new vehicle to recapitalize the next round for banks. You need confidence for that. And we are getting it.
I know less than the next guy but, I trust my gut. If bull shit was cement Cramer would be a Super Highway from Wall Street to Pluto. His track record of advice speaks for itself.
noah, how do you think this run up in stock prices would affect the preferred to common switcheroo?
Considering how far and how fast the market fell, I'm still not so sure this recent "bull" market isn't really a prolonged "dead cat bounce".