tag:blogger.com,1999:blog-7126131564610858851.post8046930359074075457..comments2023-09-09T10:21:32.853-04:00Comments on The Hackensack: Buyer's RemorseDaveinHackensackhttp://www.blogger.com/profile/01313169814904229272noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7126131564610858851.post-52100308146849979132009-03-09T07:10:00.000-04:002009-03-09T07:10:00.000-04:00Phil's Stock World S&P 500? (Points that...Phil's Stock World <BR/>S&P 500? (Points that Is!) <BR/><BR/>Posted: 09 Mar 2009 03:04 AM PDT<BR/><BR/>On Mad Money on Friday, Jim Cramer said it - Dow 5,320!<BR/><BR/>That brings the S&P down to about 550 points, about 20% down from here. Interestingly, Cramer prefaces his comment by saying "is the media too negative" (and here is Jim on the Colbert Report expanding on that) and the funniest, or perhaps most tragic aspect of this is that what he tells his viewers (9 minutes in): "I did an analysis today for TheStreet.com where I factored in every single stock from bottoms up using all bear cases and I came up with 5,320 for the Dow." That is where he left the subject on the TV show. If you do, however, happen to be a (gasp!) reader, the actual article on TheStreet.com says the following:<BR/><BR/> Keep in mind that this analysis was done with an eye toward the continued wealth destruction, and it is not something that I expect will happen right now, all at once. We are due for the inevitable bounce, and I don’t want to ignore it. And with that note of caution, drum roll please: 5320. I simply can’t get any lower no matter what I do. I just can’t. So with that in mind, you can say that 15%, give or take a few percent, might actually be, are you ready, buyable if we get to 6000. Frankly, after this analysis, I am more sanguine, not less, because of how harsh and disaster-oriented this line-by-line calculation is.<BR/><BR/>Wow - talk about a mixed message. The omission of that one paragraph from the TV show (and he had 50 minutes left at the time) gave an ENTIRELY different tone to the TV audience than he did to his TheStreet.com readers. I don’t know what Cramer’s motivation is in giving a mixed message, effectively a sell signmal to the TV crowd (which is picked up by most of the media) while telling his subscribers to buy (but only the ones who know what "sanguine" means). This is not a game Jim - people are making life decisions with their 401Ks and there’s a pretty big difference between saying the Dow is heading down 19.7% and I think we’re bottoming out 10% from now and that’s a buying opportunity. Obviously, the benefit to this tactic is, either way, Jim will have something to point to to tell you he was right but how about a little consideration for the audience, who ultimately pay your salary?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-54332824453824620382009-03-07T20:42:00.000-05:002009-03-07T20:42:00.000-05:00"When the facts change, I change my mind. What do ...<I>"When the facts change, I change my mind. What do you do, sir?"</I><BR/><BR/>- J.M. KeynesDaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-78724379948863920622009-03-07T19:26:00.000-05:002009-03-07T19:26:00.000-05:00He can be impotent for long periods though.He can be impotent for long periods though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-38512861342380579422009-03-07T19:25:00.000-05:002009-03-07T19:25:00.000-05:00Cramer can show quotes for anything that happens.H...Cramer can show quotes for anything that happens.<BR/><BR/>He predicts early and often and changes opinions like the wind.<BR/><BR/>Since he predicts everything alternately he can never be right.. or wrong for very long.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-35668863237750985822009-03-07T13:22:00.000-05:002009-03-07T13:22:00.000-05:00"Yipeee Skeee-Daddy! Dow on its way to 15000!!!"He...<I>"Yipeee Skeee-Daddy! Dow on its way to 15000!!!"</I><BR/><BR/>Here's the real Jim Cramer from the same column I linked to in this post:<BR/><BR/><I>"You can argue, of course, that Obama inherited one of the worst hands in the world. I had been a relentless critic of the Bush administration's "stewardship" of the economy, calling repeatedly for changes to avert the disaster that I saw coming, although perhaps [Obama's Press Secretary] Gibbs hasn't seen my CNBC meltdown. Seemed pretty prescient to me.<BR/><BR/>I, like everyone else, have made less authoritative and wrong statements in the past, but that rant still stands as something that I am sure everyone in the Bush administrations' Treasury and Fed listened to. <B>My calls to sell 20% of your stocks in September at Dow 11,000 and then all of your stock if you need the money for the next five years at Dow 10,000 in October</B>, might have eluded Gibbs, too."</I>DaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-66435532643275874132009-03-07T12:48:00.000-05:002009-03-07T12:48:00.000-05:00BooYah! Back to fart on you foolish, factless feli...<A HREF="http://www.youtube.com/watch?v=gUkbdjetlY8" REL="nofollow">BooYah!</A> Back to <A HREF="http://www.youtube.com/watch?v=_nkZ3eHeXlc" REL="nofollow">fart</A> on you foolish, factless felines. <BR/><BR/>epitome –noun<BR/>1. a person or thing that is typical of or possesses to a high degree the features of a whole class: He is the epitome of rationality. <BR/><BR/>Like <A HREF="http://www.youtube.com/watch?v=SGkrNJ19DSU" REL="nofollow">me!</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-52060992305990776412009-03-07T11:23:00.000-05:002009-03-07T11:23:00.000-05:00defintion of epitome = a hairless literary work, r...defintion of epitome = <BR/><BR/>a hairless literary work, right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-54476796793118541172009-03-07T09:33:00.000-05:002009-03-07T09:33:00.000-05:00Yipeee Skeee-Daddy! Dow on its way to 15000!!!I kn...Yipeee Skeee-Daddy! Dow on its way to 15000!!!<BR/><BR/>I know stocks are overvalued now, but you have to accept that and buy anyway, because they are going higher! Buy anything that hits 80 dollars because once it hits 80 dollars, it will hit 100 dollars, and then 120! I call this my 80 to 100 to 120 rule. <BR/><BR/>Buy!Buy!Buy!Buy!Buy!Buy!Buy!Buy!Buy!Buy!Buy!<BR/><BR/><BR/>A man like me clearly is the epitome of rational thinking.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-20358489844970832632009-03-07T08:03:00.000-05:002009-03-07T08:03:00.000-05:00It's hard to believe any entepreneur could ever ha...It's hard to believe any entepreneur could ever have supported Comrade Obama.Anonymousnoreply@blogger.com