He 'confirmed guidance' on dow(n) 14,500 or better a few days before
xmas, Yelling and screaming at peep not to sell under any
cir***stances. . . .'if the rally fails, it will be because of YOU
selling and not subprime'.
The list of losing trades will mount as this clown is touting PBR at
52 week highs based on a deep water, deep target drilling . . . and on
speculation that the find is huge, largest ever reserves. . . Does not
mention they are probable, not proved & that extracting if and when
the rigs go up GET THIS: THE COST OF GETTING THE STUFF OUT FROM
UNDER THE SEA IS 'GUESSTIMATED' @[EMAIL PROTECTED]
$72/Bbl. It makes tar sands and
shale recovery seem competitive.
His constant ****lling over brazil neglects to mention it as a third
world nation with high illiteracy and poverty levels, mounting social
stresses and a socialist gov't closely tied to Chavez and Castro.
This game is about risk. Subprime has trained the world to be risk
aware and resistant, Cramer glosses over huge risks making them sound
insignificant.
Sure someone will pipe in with he "made me money" on this or that
trade, truth is he has lost more peep money than can be imagined and
has taken investing into the casino category.
And his bull**** statement of "Bonds being the Worst Investment" makes
my blood boil. There have been cycles of 5 to 12 years in past
(which bear more similarity to todays situation than the 1990 scenario
he aligns today with) in which the stock market did nothing or went
down. Bonds outperformed markets in 2007 and that is usually a flag
of change.
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