Jim Cramer is the single greatest threat to the United States.

2008-10-16 15:45:04

#1

Fancy_Pollux: Connoisseur of Fine Wine; +1,306|6951

All this guy needs to do is scream at everyone to dump their stocks and we'll have a panic-induced depression on our hands. With the market as volatile as it is right now, I think it's certainly possible. History has shown us that panic is the #1 threat to an economy -- capable of crashing ones that would have otherwise been fine. Please share your thoughts.

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2008-10-16 15:46:14

#2

Miggle: FUCK UBISOFT; +1,411|7047|FUCK UBISOFT

Buy Bluth.

2008-10-16 15:46:36

#3

usmarine: Banned; +2,785|7067

he made me money. i like him. and the #1 threat is not being able to trust wall street, not panic.

2008-10-16 15:46:53

#4

OrangeHound: Busy doing highfalutin adminy stuff ...; +1,335|6954|Washington DC

I thought you were dead ...

But, yeah, the fear generated by such outlets is irresponsible, manipulative, and (IMO) criminal.

2008-10-16 15:55:08

#5

Miggle: FUCK UBISOFT; +1,411|7047|FUCK UBISOFT

Jim Cramer was the single hope for our economy, he predicted this shit like 40 years ago.

2008-10-16 15:57:59

#6

topal63: . . .; +533|7023

Bullshit. The reason why there is volatility is due to the creation of money in the private sector (all modern money is banker created instruments of debt) and that commodities often contain speculator driven-up prices that over valuate nearly everything speculators invest in.

Also, there is little or no chance of a depression the economic-mechanics (now) are very different and the shear volume of money that is in the spin cycle (is collected as tax then paid to someone else; or service/utility companies doing something similar) is enormous. We will get a recession or a deep recession but the American economy will not collapse - even if the stock market does.

PS: I like J. Cramer! More or less.

Last edited by topal63 (2008-10-16 16:06:54)

2008-10-16 16:00:49

#7

Dauntless: Admin; +2,249|7047|London

Oh my, I cannot believe that Fancy Pollux is back, goodness me this comes as a shock.

Anyway, back on the subject I think Jim Cramer is a good thing, or a bad thing, depending on what way you look at it.

2008-10-16 16:01:36

#8

Roc18: `; +655|6096|PROLLLY PROLLLY PROLLLY

As I was saying before, He's very smart. He doesnt have his own TV show for no reason. I dont think he creates panic man, if anything hes good at calming people down.

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2008-10-16 16:02:07

#9

topal63: . . .; +533|7023

Dauntless wrote:
Oh my, I cannot believe that Fancy Pollux is back, goodness me this comes as a shock.

Anyway, back on the subject I think Jim Cramer is a good thing, or a bad thing, depending on what way you look at it.

LOL, I like that...

He might be human too, or not... depending on your opinion of him.

2008-10-16 16:05:53

#10

ATG: Banned; +5,233|6834|Global Command

I dig da fp

2008-10-16 16:06:29

#11

Kmar: Truth is my Bitch; +5,695|6906|132 and Bush

Xbone Stormsurgezz

2008-10-16 16:56:58

#12

bad-man: now say you sorry; +34|6153|one windy city

guy is a nut case

2008-10-16 16:59:07

#13

Doctor Strangelove: Real Battlefield Veterinarian.; +1,758|6773

Holy fuck, is that who I think it is?

2008-10-16 17:00:37

#14

Mason4Assassin444: retired; +552|6967|USA

So anyone planning on retiring this year or next should leave their money there to be lost? Good advice.

2008-10-16 17:18:28

#15

jsnipy: ...; +3,277|6827|...

DoctaStrangelove wrote:
Holy fuck, is that who I think it is?

But yeah, I know people at work that follow him like lemmings.

Last edited by jsnipy (2008-10-16 17:20:52)

2008-10-16 17:28:39

#16

Reciprocity: Member; +721|6886|the dank(super) side of Oregon

Cramer is amusing but I wouldn't look to him for any kind of real advise. All he does is react to the market, and when he tries to predict the future he's right less that half the time.

According to Cramer the DOW should be over 15,000 right now and GOOG should be a $1,000 stock.

2008-10-16 18:14:52