March 18, 2009

Soot and Ashes Dubious Quote of the Day

“We’re at a seminal moment in terms of the bear morphing to a bull. This Federal Reserve will not be denied. In Ben Bernanke I trust.”

- Jim Cramer, March 18, 2009

38 comments:

Anonymous said...

"We're Freaking Doomed" - The Mogambo Guru

vanilla ice said...

F you Cramer

Afterthought said...

Damn, just when the bull was getting some legs, Cramer had to ruin it.

Anonymous said...

you might be right keith. I can feel it happening. But what does it all mean really? Has anything really changed? of course not. So where does this lead us? Argentina perhaps, or mabye Zimbabwe or how about the Weimar Republic?

Anonymous said...

Wow now I can go out and buy a new car. Happy motoring America.

gregoryw said...

Technical traders beware. Washington is afoot. And they will crush you.

http://westbear.tumblr.com/

Anonymous said...

Yup definitely a sell signal--that and the bearish reversal today.

We've topped out for now.

Gold hasn't, though...

Wasn't Cramer the one who said "stay in", "stay in financials", etc back in September?

Anonymous said...

Cramer is irrelevant.....

By the way.

OBBBAAAMMYYY!!

GIMME CHEESE

Anonymous said...

Cramer vs Cramer?

Mr. Consistancy is batting 'clean-up' for the Contrarians.

gutless and lazy said...

No better sell signal than Cramer. He says rally and bear market?

I say SELL!

Anonymous said...

Yes, good idea! Let's use the credit card to pay the mortgage!

No one will ever know!

Shhhh!

soft landing said...

The prescient stock market is calling a bottom on the economy 6 months from now?

Just two weeks ago the market was telling us that BO is an utter failure and his policies will lead to ruin 6 months down the road. Did Rush, kudlow, hannity and the rest of the choir not point this out.

The housing market will bounce (like a dead cat) and the economy will appear to stabilize. Cramer's bull market will be yet another spectacular shorting opportunity.

i've had it said...

Cramer - GO FUCK YOURSELF!

Anonymous said...

Cramer should not be on TV any longer after that Creaming he got from Stewart.

F*ck you Creamer.

vanilla ice said...

Why would it turn into a bull? Just because he thinks it will? Where is his analysis? What does he have to backup his stupid ass statement?

F you again Cramer you bitch

Anonymous said...

Wasn't Cramer just saying how screwed we are? Depression 2.0 and all that?

He's a fricking tool. A useless, not-even-entertaining tool.

Anonymous said...

This scares me.

Anonymous said...

The great american bond dislocation is about to start.sheeple are you ready?

here come the judge said...

“This should be a day that will potentially shock the world. Maybe the world is going to understand the inflationary implications of current monetary policy.”

- Peter Schiff, March 18, 2009

Anonymous said...

About all (ALL) this crap...

I'm too young to remember:

Was there ever really a time when Right vs Wrong mattered?

and I'm too old to kid myself that I'll ever see a time when it does.

To every f'ing person on this Planet that knows the difference between Right and Wrong, and Acts otherwise:

I pray there's a Hell.
And burn slowly when you get there.

Goddam, it must be getting crowded down there.

k.w. - Southern Ca. said...

Our government employees have
accomplished at doing this
very well . . .
http://snipurl.com/e3yda

Coming to a neighborhood near most
of us.

Anonymous said...

.

KILL

RIP

TEAR

SHRED

Have a nice day!

.

Paul E. Math said...

Cramer cares about one world: wall street. He doesn't know there is another world. To him, what is good for wall street is good for everyone.

His worldview is an incredibly ego and geo centric one.

That being said, and I hate to say it, but he may actually almost be right on this one.

I still think that our current policies are disastrous.

But this Fed move to buy longer term treasuries could very well tip the balance into an inflationary cycle. And that could really change things.

The beginning of an inflationary cycle could look very much like an economic and stock market recovery. Most people, at the encouragement of the MSM, will make the mistake of thinking we have a real recovery.

Inflation comes wrapped in a cloak of growth.

An initial rise in stock prices is the Trojan Horse in which inflation hides.

I'm glad I own GDX. I'm still down 15% in my DAG but I'm thinking about doubling down now.

Good luck to you all.

Anonymous said...

wake me up when ben has dropped about 25 trillion, which is about the amount of wealth that has been destroyed.

Anonymous said...

well, cramer saying buy is a good indicator this mini rally is over.

fat amelican said...

Yes Keith, we will have a bull run. The markets may even reach new highs, but so will the price of gold and oil in U.S. dollars. The PTB know this too and that is why we will be using a new currency by the 4th of July. The central bankers let Russia float the trial balloon and suggest a new world reserve currency. To achieve that and sweep their problems under the rug, governments will require surrender and exchange of local currencies, some at a premium, and some at a discount.

If you're currently in USD or Euro assets, you've been warned, get out now! Buy land, precious metals, a business, anything that isn't tied to a computer entry or a piece of colored paper. The clock is ticking...

Anonymous said...

Canadian auto workers in Windsor Ontario baricaded themselves in an auto parts plant yesterday refusing anyone enterance until they got paid severance.

Originaly offered $200,000 severance pay the armed protesters agreed to $1.5 million before turning the plant over.

Anonymous said...

Yo Ben

Ain't no need to throw them money outta helicopters.

Just get them banks to start giving money away again.

Gimmmmmmeeeeee Money

Suzanne said...

We can do this!

Mitesh Damania said...

What happened to gold today?

Anonymous said...

Is it a speculator bull market or market player cover short.

Is it a market player reaction or a speculator over reaction.

How do market player and speculator seek the truth and connect the dots in a cloudy environment Uncle Benny.

What are the connections of between the currency, commodity, bond, equity markets in the past few weeks.

http://lansner.freedomblogging.com
/2009/03/15/blog-party-plenty-
of-people-knew-this-
was-coming/16627/

Us: OK, when will housing bottom?

Paul: Loaded question.

It’s tough to peg a date on that sort of thing, given the massive tinkering now being done by regulators and lawmakers — not to mention industry lobbyists — in an effort to “stop the erosion in home prices,” or ” prevent foreclosures.”

We’re seeing some evidence in a few local markets that when prices do drop far enough, purchase volume can come roaring back — and much of that might even be among the young families that were so grossly locked out of housing during the past four to five years.

To me, that’s what this correction is about more than anything else, especially in California, and why I think falling prices are evidence of a correction moreso than some misguided perception of “erosion in prices.”

Realtors can carp all they want about the need for liquidity, but the fact is that few actually understand the machinations of the market that they want to provide it to them.

We will not have a meaningful recovery in housing unless we can find a way to restore non-government support for mortgages in the secondary market, a prospect that right now is pretty much anyone’s guess as to outcome.

Anonymous said...

cramer need anl rape in jail...big time...you know he likes to scream...

DOPES 2 said...

OKAY TOOLS, HERE IS THE DEAL!!!!

GOLD IS IN A BUBBLE!!!!

WE ARE ALL TOOLS BECAUSE WE LIVE IN AMERICA . . . EXCEPT FOR QUWEEFER . . .HE IS ROLLING IN THE UK!!!!

WE ARE SCREWED BY EVERYBODY AND THEIR MOTHERS IN DC!!!!

YOU ARE ALL TOOLS BECUASE THERE IS NOT JACK SHIT YOU CAN DO ABOUT A DAMN THING THAT IS PISSING YOU OFF!!!!

I LOOK UP AT THE SKY AND GET DEPRESSED AT THE STATE OF THE UNION!!!!

IS THIS THE RESULT FOR THE QUEST OF THE ALMIGHTY?!?!?!?!?!

I AM NOT TALKING ABOUT GOD!!!!

I AM TALKING ABOUT THE ALMIGHTY $$$$!!!!

I HAD SOME REDNECK TOOL TELL ME THAT I WAS A COMMUNIST BECUASE I STATED THAT THE WHOLE WORLD REVOLVES AROUND THE ALMIGHTY!!!!

HE SAID, "GOD????"

I SAID NO YOU TOOLBAG, THE WORLD REVOLVES AROUND THE ALMIGHTY DOLLAR!!!!

THIS TOOL THEN CALLS ME A COMMIE!!!!

HE SAYS I JUST QUOTED KARL MARX IN HIS COMMUNIST MANIFESTO!!!!

I CALLED BULLSHIT AND WE ABOUT GOT INTO A FIGHT AT RED ROBIN IN PUYALLUP, WASHINGTON!!!!

WHAT A DELUSIONAL DOUCHEBAG!!!!

IF THEY ONLY WOULD HAVE LISTEDED!!!!

NOW LOOK AT OUR POSITION!!!!

WE HAVE GONE FROM THE LEADER OF THE FREE WORLD TO A GREEDY, STINKY PUBLIC TOILET!!!!

THIS IS WHY I NEVER HAD KIDS . . . .THIS IS SOMETHING I CANNOT LEAVE TO A FUTURE GENERATION!!!!

OKAY TOOLS . . . . I AM DEAD TIRED AND CAN NO LONGER TYPE.

IF YOU KNOW ME, JUST CALL ME TO DISCUSS.

UNTIL, THEN!!!!

TOOLS!!!!

DOLTS!!!!

DOPES!!!!

Mike Hunt said...

Got trapped long on a stock bought in late January, because I got greedy trying to maximize my gain. Then it fell 30% from that level, now I'm back in the black- just barely. I'm eeking out a small profit at pre-open this morning, I'm out hopefully!

Thanks Cramer, you asshole. Doing the opposite of your recommendation is basic trading strategy.

-Mike

Anonymous said...

.




GOLD TO DA MOON, AAAALICE!!!
(Disclaimer: Not the original)




.

Anonymous said...

Got trapped long on a stock bought in late January, because I got greedy trying to maximize my gain. Then it fell 30% from that level, now I'm back in the black- just barely. I'm eeking out a small profit at pre-open this morning, I'm out hopefully!


I know what you mean. I had some leftovers of a non-discretionary ETF since Feb 09 and I'm almost breaking even now. I'm a bit greedy as well and will wait for the usual phoney-feel good rally on Friday, to sell it all. But it's just $5k, down 120 bucks as of today. After that I'm all cash and gold, just waiting patiently for DOW 5,000.

Make no mistake, this rally is as fake as Dodd's excuses and Frank's outrages. The next round of fleecing is coming up. Companies aren't selling anything while mass unemployment has no end in sight, yet the market is now upbeat? Baloney! If it's so great, why Bernanke dropped that desperate turd Wednesday, and the market moved only 90 points? I'm not buying it.

Oh and the lower mortgage rate that Bernanke is pushing so hard will be offset by a higher selling price on homes by the greedy Realtors and debtors, and translate into higher fees by lenders as well.

Anonymous said...

Cramer had his a$$ whipped by the King Africano Mobasa The Merciful brigade (Jon Stewart & Co), because Santelli's rant was hurting the Messiah's ratings. Now, being the douchebag he is, Cramer has become Jon Stewart and Rahm E.'s beatch, to fix his -25 pts drop in ratings during that week.

Singular said...

All of these are palliative treatments. No matter what is done at this stage will not save America. In fact, it might be best to let America collapse faster than it is collapsing so that the rebuilding can be commence sooner.

In truth, you can't blame Bernanke. You can't put all of the blame on his shoulders. This is being shortsighted. He works for the Fed Reserve and you cannot blame someone who works for the Fed Reserve for the Fed Reserve itself. What is Bernanke going to do? Declare the fed reserve a bad idea and ditch his own job? You have got to expect the Fed Res chairman to do exactly what Bernanke has done.

The only TRUE solution is to get rid of the Fed Res which is a political solution and not one for Bernanke to carry out.

You are going to have the same problem with EVERY Fed Res chairman - they are all going to do things that will hurt the economy because the fed reserve is inherently a bad thing for the US. Pouring one's ire on the chairpersons is not going to achieve anything - they are just cogs and they are going to do what they're going to do because they work for the fed reserve not for the American people. If they didn't, they would be out of a job, the Fed Res would kick them out and these people aren't going to do that to themselves.

This is the way I see it.

The leaders have failed America. Americans have failed Americans and everyone suffers.