Friday, August 03, 2007
Quick Alert: Cramer Rocks
UPDATE: Here is the Cramer Video. However, I still would prefer it on Youtube.
This is a major change in sentiment for me. Cramer has just went fucking nuclear on national TV.
Will someone please upload Cramer's tirade on Youtube, so that I can watch it forever.
Long live Cramer.
UPDATE: Although Cramer put on a nice show, it has resulted in panic selling. I'm paring some losses here, as a result. Fucker.
This is a major change in sentiment for me. Cramer has just went fucking nuclear on national TV.
Will someone please upload Cramer's tirade on Youtube, so that I can watch it forever.
Long live Cramer.
UPDATE: Although Cramer put on a nice show, it has resulted in panic selling. I'm paring some losses here, as a result. Fucker.
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i always liked Jimbo ..
BSC conf call
Bear Stearns (BSC), The call, which is 'sold-out', featured the CEO and CFO who were addressing questions of Bear's solvency. Imagine that--Bear Stearns.
Jimmy Cayne & Crew said that Bear has hedges in place (and $11.4 bln in cash) against their mortgage-related positions. They also said that while this is the worst credit environment they've seen in 22 years, they're not gonna use share buybacks to boost their stock.
Finally, they are making a concerted effort to address their prime brokerage business, which is a huge component of their revenue mix. I would image that large funds that "clear" through Bear are paying pretty close attention to the happenings at the storied Wall Street firm.
Will there be a "run" on this bank? It's a low probability affair but if there is, it would be a boulder in the pond relative to the pebbles we've seen.
BSC conf call
Bear Stearns (BSC), The call, which is 'sold-out', featured the CEO and CFO who were addressing questions of Bear's solvency. Imagine that--Bear Stearns.
Jimmy Cayne & Crew said that Bear has hedges in place (and $11.4 bln in cash) against their mortgage-related positions. They also said that while this is the worst credit environment they've seen in 22 years, they're not gonna use share buybacks to boost their stock.
Finally, they are making a concerted effort to address their prime brokerage business, which is a huge component of their revenue mix. I would image that large funds that "clear" through Bear are paying pretty close attention to the happenings at the storied Wall Street firm.
Will there be a "run" on this bank? It's a low probability affair but if there is, it would be a boulder in the pond relative to the pebbles we've seen.
Shedski, Cramer went absolutely ballistic on 'Stop Trading' he was literally pounding the table and then his head turned red and nearly exploded.
# posted by 
: 3:07 PM
: 3:07 PM
Uncle Bens balls are in a vice. He will cry Uncle, no doubts about it. But he will wait till next week. If we are having a Black Monday, the dude will come out of his fox-hole & rev up the helicopters. Gold will take off & the market will have a recovery rally of bear crushing ferocity. however, it will not last & will be the last chance to get out before recession, depression & finally the world comes to an end. In which case we won't need any money so gamble away!
Maybe the PPT had to make a run down to OMX, SPLS, or ODP to buy more toner?!? So until they get back with the toner, their printing presses are on hold.
cramer
"he has no idea, how bad it is."
"too darn old" ... friggin funny as shit.
president by the name of "hoover"
yeah man - do I smell REFI ?
do i smell rates to drop ...
BSC fucked it ...
Bernanki - focus you meat puppy !
jimmy - is gonna have a fucking stroke !
"you cant a darn loan if you are rich like me"
love it !
"we have armegedan"
juicy jim - punching the shit out of mediocrity ... love that fucker !
"he has no idea, how bad it is."
"too darn old" ... friggin funny as shit.
president by the name of "hoover"
yeah man - do I smell REFI ?
do i smell rates to drop ...
BSC fucked it ...
Bernanki - focus you meat puppy !
jimmy - is gonna have a fucking stroke !
"you cant a darn loan if you are rich like me"
love it !
"we have armegedan"
juicy jim - punching the shit out of mediocrity ... love that fucker !
# posted by : 3:27 PM
: 3:27 PM
Wow. I think he blew a gasket. Worth it for sure.
The guy's picks suck, but man is he intense.
Excellent Ditka/Bobby Knight explosion.
Unfortunately the 200 day MA on the S&P is toast. Shit. Shit.
The guy's picks suck, but man is he intense.
Excellent Ditka/Bobby Knight explosion.
Unfortunately the 200 day MA on the S&P is toast. Shit. Shit.
Gold & the currency markets smell an ease. Next week. Maybe they will come out with a statement if they don't have the balls to ease. Either way, some bone gets thrown at the markets from the Fed or a mouthpiece next week.
My two cents: I hear panic in Cramer's voice. His anger is a mask for fear.
The shit must be hitting in the circles he runs in.
I'm all cash due to a vacation, and felling good about it.
The shit must be hitting in the circles he runs in.
I'm all cash due to a vacation, and felling good about it.
may I remind you pussies who are panicing out of stocks, that someone is on the other end, buying all your merchandise. Just scooping that shit up like free money.
That said ... we'll see if they are right or you are right. Tune in next week, same bat channel.
That said ... we'll see if they are right or you are right. Tune in next week, same bat channel.
Bruce, likely, the market makers are going to finish way net long and have to do something to get rid of their inventory.
Jim Cramer Blog
I'll Keep Telling It Like It Is: Bad
By Jim Cramer
RealMoney.com Columnist
8/3/2007 3:34 PM EDT
URL: http://www.thestreet.com/p/rmoney/jimcramerblog/10372341.html
Look, I don't lose it on national television for no reason. In the last 48 hours, I have spoken with most of the big desks and mortgage lenders in this country. I sit here and type away and I go on TV and talk about stocks that are working. I could have gone out there today and said "Cabela's (CAB) , nice move!" Or how about "Sure like that Under Armour (UA) ."
But not today. Not today because I had to say it. I had to say what's happening. I had to say what people I trust are telling me.
I have talked to more board members of major financial institutions in the last two days than I have in the last 20 years. People are coming to me because they trust me and want me to say something.
They don't want me to say, "Don't worry about it." They don't want me to say "Don't panic, anyone."
What they say to me is, "Please, please say something,"
So I did.
And I don't regret it.
Not one bit.
And will do it again,
And again.
And again.
Until someone hears me.
I'll Keep Telling It Like It Is: Bad
By Jim Cramer
RealMoney.com Columnist
8/3/2007 3:34 PM EDT
URL: http://www.thestreet.com/p/rmoney/jimcramerblog/10372341.html
Look, I don't lose it on national television for no reason. In the last 48 hours, I have spoken with most of the big desks and mortgage lenders in this country. I sit here and type away and I go on TV and talk about stocks that are working. I could have gone out there today and said "Cabela's (CAB) , nice move!" Or how about "Sure like that Under Armour (UA) ."
But not today. Not today because I had to say it. I had to say what's happening. I had to say what people I trust are telling me.
I have talked to more board members of major financial institutions in the last two days than I have in the last 20 years. People are coming to me because they trust me and want me to say something.
They don't want me to say, "Don't worry about it." They don't want me to say "Don't panic, anyone."
What they say to me is, "Please, please say something,"
So I did.
And I don't regret it.
Not one bit.
And will do it again,
And again.
And again.
Until someone hears me.
broker--
I guess it's too late to air the "I'm gonna kill the bear !" video.
Unfortunately, what Cramer did will cause panic amongst his faithful and the trading community---everybody has all weekend to think about his performance. I can appreciate and respect what he said, but I just think he picked the wrong time and place to say it.
I guess it's too late to air the "I'm gonna kill the bear !" video.
Unfortunately, what Cramer did will cause panic amongst his faithful and the trading community---everybody has all weekend to think about his performance. I can appreciate and respect what he said, but I just think he picked the wrong time and place to say it.
http://maddmoney.blogspot.com/2007/08/jim-cramers-stop-trading_03.html
the cramer video is linked there. We are trolling youtube for it and will post when we find it..
the cramer video is linked there. We are trolling youtube for it and will post when we find it..
That was great! Holy cow Cramer went bonkers....if I was awake during that I might have sold everything. Scared me. Hope that means capitulation bottom :)
What is the story behind Tim Strazzini leaving Fast Money?
What is the story behind Tim Strazzini leaving Fast Money?
He picked a bad day to go off like that.
Jim must know that the Fed can't lower rates. Their hands are tied because the dollar is weakening and they need to keep selling T-bills to pay for the war and the natl. debt.
Jim must know that the Fed can't lower rates. Their hands are tied because the dollar is weakening and they need to keep selling T-bills to pay for the war and the natl. debt.
Cramer is a raving lunatic. His tirade tried to serve the interests of his millionaire buddies at the brokerages. He's got serious mental problems.
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