Cramer Wigs out again - Aussie Stock Forums

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  1. #1
    Can be found on the bid Trembling Hand's Avatar
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    Jun 2007

    Default Cramer Wigs out again

    Well Cramer has taken some heat but this video is from last Friday.

    He's pretty open about the way Wall Street is bent. Not many would burn everyone, the people/ the Companies, he just has.


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  2. #2

    Default Re: Cramer Wigs out again

    Yeah, I like seeing Cramer, love his books.......

    Here is what he thought of the rate cut:

    "The reason you want to get ahead of the curve is that you don't want to come in and cut rates a week before a Fed meeting on a day when the futures are down huge.

    You don't want to be seen as someone who responds to the futures.

    Yet that's what just happened.

    I hate being in the "too little, too late" camp. This cut will help some refinance. But if consumers had been able to finance earlier, we would not have these astonishing defaults.

    The real issue here is -- will it save Countrywide (CFC - Cramer's Take - Stockpickr - Rating) or Washington Mutual (WM - Cramer's Take - Stockpickr - Rating). The answer is simple: They have a better chance surviving today than they did yesterday,

    And in the end, that's good.

    They should have gone a point instead of 0.75 -- that would have been the real deal, because that, at last, was more than expected. But it is difficult to have told The Wall Street Journal three weeks ago that inflation problems are perhaps the more important issue and then cut a full point.

    Again, though, three-quarters of a point beats nothing."
    The simple things in life are free!

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