Cramer: Bernanke, Wake Up

[Notlim]

http://www.cnbc.com/id/15840232?video=452808336

[Flagg]

http://www.cnbc.com/id/15840232?video=452808336

Cramer is like Paris Hilton with Tourettes Sydrome on coke.

A month ago Cramer thought the Dow was going to 14 million, a month later he thinks it's going to 14.

I'd sooner accept investment advice from Paris Hilton than Cramer.

[kimosabi]

Youtube Versions

Original
http://www.youtube.com/watch/v/GKZgfrsItmw


Annoted Version
http://www.youtube.com/watch/v/Pd5zAbDKZEg

[Lazuris]

What upsets me is that Kramer is a stock guy spouting about macro economic issues and blaming the fed for the credit spread issues that are occuring. The credit issue is the fault of the market not of the fed. Lowering the federal funds rate will not help or fix wall street but it will only create greater long term issues that will effect the entire country. Foreign banks will lower their reserve rate here and increase FDI in other countries thus creating an even weaker dollar.

Kramer and his buddies made billions on the cheap easy money available over the past several years. They packeged them in neat little investments such as CDO's CLO's and a whole slew of other new products. They racked up tonnes of leverage on these investsments and used them to buy more stock. Oh noes did they every consider that the foundation that they were using was all smoke and mirrors "morgage backed securities". Now we need the Fed to run out and save us from our greed. Thats just BS.