Cramer melt's down, will our economy be next?

beachdweller

check out this Cramer meltdown from AUG 4th.

http://www.youtube.com/watch?v=Pd5zAbDKZEg&mode=related&search=

I know this can go either way, or a different way, but I'll be paying attention to see if either are right, Cramer or the editor of the video.

RolandTD20Kdrummer

Sounds like the bankers are screwing over those below them yet again.

I don't really entirely understand all this, but if he's that upset it can't be all that good as a gut instinct.

opinions?

beachdweller

it's complicated for sure, and the more you find out the scarier it gets. It's all about the huge credit bubble, or fake money that's about to burst possibly. It all started under Reagan, and each President since has allowed it to continue, because it's great for the top 10% of the rich. This doesn't even address the dollar, and our trade deficits with China. The more you find out, the scarier it gets...

RolandTD20Kdrummer

beachdweller wrote:

it's complicated for sure, and the more you find out the scarier it gets. It's all about the huge credit bubble, or fake money that's about to burst possibly. It all started under Reagan, and each President since has allowed it to continue, because it's great for the top 10% of the rich. This doesn't even address the dollar, and our trade deficits with China. The more you find out, the scarier it gets...

I can totally associate. My gut vibe on the guy, is that he is telling it like it is for the common man and not some whack job.

When I look at the same situation in politics internationally I see the same deal. The more you know the scarier it gets. Seriously though, with all this talk about peak oil and great depression possibilities, I'm starting to look more and more at how much property I have, and how I could grow food on it if I needed to.

well see...

spiral out

Been trying to gain knowledge on this stuff for the last couple of months, it won't be only America affected if things go wrong, which they are looking pretty likely to. (even though jlew and someone else on this board assured me that the american economy is at it's strongest point ever) The inflation in the dollor is pretty high.

We are trying to curb inflation problems over here too.

I think china putting there prices up has affected the global market, they also could be in a great bubble though.

It's very intresting to watch things unfold.

macgyver06

beachdweller wrote:

check out this Cramer meltdown from AUG 4th.

http://www.youtube.com/watch?v=Pd5zAbDKZEg&mode=related&search=

I know this can go either way, or a different way, but I'll be paying attention to see if either are right, Cramer or the editor of the video.

there aint gonna be any middle anymore


other than that..the economy is stable as can be. and will be.

spiral out

macgyver06 wrote:

there aint gonna be any middle anymore


other than that..the economy is stable as can be. and will be.

Are you a banker?

Where do you get your info from?

jmccue7

jim cramer is awesome

BOOYAH

jlew24asu

spiral out wrote:

Been trying to gain knowledge on this stuff for the last couple of months, it won't be only America affected if things go wrong, which they are looking pretty likely to. (even though jlew and someone else on this board assured me that the american economy is at it's strongest point ever) The inflation in the dollor is pretty high.

We are trying to curb inflation problems over here too.

I think china putting there prices up has affected the global market, they also could be in a great bubble though.

It's very intresting to watch things unfold.

you really have a crush on me dont you...

this is what happen TODAY

http://biz.yahoo.com/ap/070807/wall_street.html?.v=35

Wall Street overcame disappointment in the Federal Reserve's failure to move toward an easing of interest rates Tuesday, and stocks made a late-day surge as the decision was seen as a sign the economy wasn't threatened by turmoil in the credit markets.

Investors were at first deeply disappointed that policymakers, who kept benchmark rates on hold at 5.25 percent, did not provide any hints about a possible cut. But, after digesting the policy statement, they quickly gained solace that the economy is likely to withstand losses from subprime mortgages. The Dow Jones industrials rose into positive territory from a 121 point deficit right after the decision was announced.

The Fed's Open Market Committee's economic assessment said the central bank's predominant concern "remains the risk that inflation will fail to moderate as expected." Wall Street, which has been shaken by two weeks of volatility over the more difficult conditions in the credit markets, appeared relieved the Fed didn't consider risk to the credit and loan markets as a bigger concern.

spiral out

jlew24asu wrote:

you really have a crush on me dont you...

this is what happen TODAY

http://biz.yahoo.com/ap/070807/wall_street.html?.v=35

Wall Street overcame disappointment in the Federal Reserve's failure to move toward an easing of interest rates Tuesday, and stocks made a late-day surge as the decision was seen as a sign the economy wasn't threatened by turmoil in the credit markets.

Investors were at first deeply disappointed that policymakers, who kept benchmark rates on hold at 5.25 percent, did not provide any hints about a possible cut. But, after digesting the policy statement, they quickly gained solace that the economy is likely to withstand losses from subprime mortgages. The Dow Jones industrials rose into positive territory from a 121 point deficit right after the decision was announced.

The Fed's Open Market Committee's economic assessment said the central bank's predominant concern "remains the risk that inflation will fail to moderate as expected." Wall Street, which has been shaken by two weeks of volatility over the more difficult conditions in the credit markets, appeared relieved the Fed didn't consider risk to the credit and loan markets as a bigger concern.

I do it's true jlew, i just got married but yea it's you i think about every night.

I will take a bankers word on the market over a newspapers any day of the week.

The markets go up and down everyday, just becuse it close's high today means nothing.

Your inflation has been rising for way to long now and nothing has really been done to curb it. Dollors been weak as, for a good few years now, hell i was in college when it started to weaken against the pound.

Built on a house of cards it has to fall sometime.

bootlegger10

jlew24asu wrote:

you really have a crush on me dont you...

this is what happen TODAY

http://biz.yahoo.com/ap/070807/wall_street.html?.v=35

Wall Street overcame disappointment in the Federal Reserve's failure to move toward an easing of interest rates Tuesday, and stocks made a late-day surge as the decision was seen as a sign the economy wasn't threatened by turmoil in the credit markets.

Investors were at first deeply disappointed that policymakers, who kept benchmark rates on hold at 5.25 percent, did not provide any hints about a possible cut. But, after digesting the policy statement, they quickly gained solace that the economy is likely to withstand losses from subprime mortgages. The Dow Jones industrials rose into positive territory from a 121 point deficit right after the decision was announced.

The Fed's Open Market Committee's economic assessment said the central bank's predominant concern "remains the risk that inflation will fail to moderate as expected." Wall Street, which has been shaken by two weeks of volatility over the more difficult conditions in the credit markets, appeared relieved the Fed didn't consider risk to the credit and loan markets as a bigger concern.

Fuck what "reasons" are given. The stock market is run by peoples' emotions. One day it is at a record high, and the next everyone is freaked out. The market is irrational and means nothing. It's glorified baseball card trading.

beachdweller

the Dow is dropping due to credit bubble fears, sooner or later the extremes are going to drop the bottom out...to be continued?

jlew24asu

beachdweller wrote:

the Dow is dropping due to credit bubble fears, sooner or later the extremes are going to drop the bottom out...to be continued?

its market volatility. this is common. for the next few weeks or months the markets are going to be up and down until the subprime market corrects itself.

by years end, the market will be positive.

jlew24asu

bootlegger10 wrote:

Fuck what "reasons" are given. The stock market is run by peoples' emotions. One day it is at a record high, and the next everyone is freaked out. The market is irrational and means nothing. It's glorified baseball card trading.

thats funny. what do you do for a living?

Indifference

bootlegger10 wrote:

Fuck what "reasons" are given. The stock market is run by peoples' emotions. One day it is at a record high, and the next everyone is freaked out. The market is irrational and means nothing. It's glorified baseball card trading.

HA! This cracked me - completly not true - but funny either way.

surferdude

"Fuck what "reasons" are given. The stock market is run by peoples' emotions. One day it is at a record high, and the next everyone is freaked out. The market is irrational and means nothing. It's glorified baseball card trading."

Indifference wrote:

HA! This cracked me - completly not true - but funny either way.

Actually it's pretty much spot on. I have a degree in Finance that taught me that much.

jlew24asu

surferdude wrote:

Actually it's pretty much spot on. I have a degree in Finance that taught me that much.

a degree in finance doesnt make you an expert on the stock market and why it moves. you should know however how technical the market has become. derivatives is a huge part of the market and its movements. all based on financial models. many times, no emotion at all is involved.

surferdude

jlew24asu wrote:

a degree in finance doesnt make you an expert on the stock market and why it moves. you should know however how technical the market has become. derivatives is a huge part of the market and its movements. all based on financial models. many times, no emotion at all is involved.

Please I know all the technical crap. It works for maybe 5% of trading. You buy a stock because you hope (an emotion) it will sell for more in the future.

If there was no emotion the issuing of new stock would never be driven up from it's original price. Ever notice how some new stock issuance goes crazy at first. Every bit of that is pure emotion including greed.

If it was all technical then explain the number of bad stock purchases being made by even the seasoned pros.

When I hear a trader begin the mumbo jumbo technical talk it's usually to try to justify his/her cut or to sound impressive. You can usually shut them up real fast by asking about their overall record versus the market over the last 10 years. Over that long a time span very few traders beat the market.

gue_barium

surferdude wrote:

Please I know all the technical crap. It works for maybe 5% of trading. You buy a stock because you hope (an emotion) it will sell for more in the future.

If there was no emotion the issuing of new stock would never be driven up from it's original price. Ever notice how some new stock issuance goes crazy at first. Every bit of that is pure emotion including greed.

If it was all technical then explain the number of bad stock purchases being made by even the seasoned pros.

When I hear a trader begin the mumbo jumbo technical talk it's usually to try to justify his/her cut or to sound impressive. You can usually shut them up real fast by asking about their overall record versus the market over the last 10 years. Over that long a time span very few traders beat the market.

Hmmph.

Good stuff, surferdude.

Is it the real last 10 years, or the hypothetical last ten years?

jlew24asu

surferdude wrote:

Please I know all the technical crap. It works for maybe 5% of trading. You buy a stock because you hope (an emotion) it will sell for more in the future.

If there was no emotion the issuing of new stock would never be driven up from it's original price. Ever notice how some new stock issuance goes crazy at first. Every bit of that is pure emotion including greed.

If it was all technical then explain the number of bad stock purchases being made by even the seasoned pros.

When I hear a trader begin the mumbo jumbo technical talk it's usually to try to justify his/her cut or to sound impressive. You can usually shut them up real fast by asking about their overall record versus the market over the last 10 years. Over that long a time span very few traders beat the market.

love the 5% number you made up. sounds good I guess but you have no idea. and I wont pretend to either.

what I do know, however, is that the high majority of trading is done by institutions, who throw around billions of dollars on single trades. not johnny trader that you speak of. trust me, its technical. institutions don't go throwing around $800,000,000 million dollars on an emotional hunch.

got it now?

gue_barium

jlew24asu wrote:

love the 5% number you made up. sounds good I guess but you have no idea. and I wont pretend to either.

what I do know, however, is that the high majority of trading is done by institutions, who throw around billions of dollars on single trades. not johnny trader that you speak of. trust me, its technical. institutions don't go throwing around $800,000,000 million dollars on an emotional hunch.

got it now?

this is getting good.