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Stock Market Turmoil

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Old 08-06-2007, 02:24 PM   #1
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Stock Market Turmoil

My favourite market hack Jim Kramer is throwing a hissy fit. I guess the market caught up with him and his buddies and now he is crying foul. From the looks of it he wants the Feds to do something about the current market downturn by lowering the interest rate and bail the big hedge funds.

I say no bail out, those SOBs lent money left and right to idiots who couldn't afford to pay them back. With their shady wheeling and dealing the deserve to go out of business if you ask me.

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Old 08-06-2007, 03:12 PM   #2
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Re: Stock Market Turmoil

I hate this guy! He says BOOYAH like every five seconds. Sometimes I listen him on the radio, I think he comes on after Redskin's lunch on XXX.

Listening to him is like poking at a cancosore in your mouth. It hurts but for some reason you keep doing it.
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Old 08-06-2007, 03:33 PM   #3
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Re: Stock Market Turmoil

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Listening to him is like poking at a cancosore in your mouth. It hurts but for some reason you keep doing it.
WTF!!! AHAHAHHAHAH
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Old 08-06-2007, 07:11 PM   #4
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Re: Stock Market Turmoil

not to be nosy, but what is the sore from? j/k. those crooks made their bed, know let them lie in it
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Old 08-06-2007, 07:44 PM   #5
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Re: Stock Market Turmoil

I normally love this guy, but wow did he flip out. On a side note, I'm looking for a new regular radio show after EITM -- what's Redskins radio signal? Ugh, I hate not having my Sirius.
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Old 08-06-2007, 08:17 PM   #6
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Re: Stock Market Turmoil

The market is harsh sometimes, that's what makes it a market. You'd think a vet like Cramer would know that where there is the potential for high reward, there is a high risk of default. Sounds like a bunch of sour grapes from him.

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Old 08-06-2007, 09:43 PM   #7
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Re: Stock Market Turmoil

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Originally Posted by saden1 View Post
My favourite market hack Jim Kramer is throwing a hissy fit. I guess the market caught up with him and his buddies and now he is crying foul. From the looks of it he wants the Feds to do something about the current market downturn by lowering the interest rate and bail the big hedge funds.

I say no bail out, those SOBs lent money left and right to idiots who couldn't afford to pay them back. With their shady wheeling and dealing the deserve to go out of business if you ask me.

Um I think he is more upset that 7,000,000+ homes are potentially exposed to a serious risk of foreclosure because Bernanke is following an academic route regarding inflation. Compared to Greenspan's more empirical economic approachs Bernanke is simply attacking inflation that hasn't even shown up yet because economic theory says it will happen. This is causing major cash flow problems in the real estate market based on theoretical inflation. Not to brush off inflation but at the end of the day if millions of people are losing their homes because Bernanke is worried about potentnial inflation I don't blame the guy for being mad. By the way opening the "discount window" wouldn't have that great a direct affect on his earnings. It would obviously bring the market back but more importantly it would stem the tide of foreclosing and bankruptcy in the mortage industry. That is a good thing. At least I think that is his point. In between the screams and yells and based on what I know of the market that is what I gather he is saying.
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Old 08-07-2007, 08:53 AM   #8
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Re: Stock Market Turmoil

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Originally Posted by Daseal View Post
I normally love this guy, but wow did he flip out. On a side note, I'm looking for a new regular radio show after EITM -- what's Redskins radio signal? Ugh, I hate not having my Sirius.
Triple X is on 94.3 west of DC, 92.7 in east of DC and 730 in the District. The Herd with Colin Cowherd is on after Elliot...
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Old 08-07-2007, 12:02 PM   #9
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Re: Stock Market Turmoil

I'm pretty sure he was............spitting!
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