F...Jim Cramer

saden1

Oh jeez, should be in the parking lot. It's late at night, I'm tired as hell and I lack concentration. Fear not though, SmootSmack will come to the rescue!

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SmootSmack

I see you got so used to posting in the parking lot that you assumed the locker room was now...the parking garage?

But the question wasn't about Bear Stearns stock, unless I heard it wrong. It was about Bear Stearns in terms of liquidity. And he added that Bear Stearns was likely to be taken over (presumably by someone with deeper pockets and hence some guarantee on the investments).

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Sheriff Gonna Getcha

I guess I'll have to do.

Sheriff Gonna Getcha

I'm tired of all of these media figures who yell and go over the top to get attention. Cramer, Dobbs and the rest of them should be sent into exile.

SmootSmack

WHAT DO YOU KNOW??? CRAMER IS AWESOME!!!!!

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saden1

No, no, no...I know what you're talking about, you're talking about his interview where he tried to cover his ass big time after the brutal day Bear Stearns had on Monday.

Read the question and see if it relates to "withdrawal of deposits" or "liquidation of shares." Investing 101 tells you cash doesn't need to be liquidated because it's already liquid!!! He either didn't understand the question, highly unlikely, or he is blatantly lying to cover his ass.

Cramer and CNBC need to be sued into oblivion.

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SmootSmack

Wait a minute. So the question on the show is "Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?"

To which Cramer says no and BSC will probably be taken over.

So maybe I don't understand the question.

Besides, why should CNBC and Cramer be sued anyway? Do you sue your weatherman when he says sunny skies and you walk out in the rain without an umbrella? This is essentially free advice that is being given out on a tv show. I don't know that you can legitimately make a case to sue for that.

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dmek25

saden, im with smooty on this. just because Cramer yells the loudest, doesn't mean he has the most insight. would you listen to Rush? i really cant even stand watching those guys. let alone taking their advice

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BrudLee

I thought his name was Cosmo?

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There's nowhere to go but up. Or down. I guess we could stay where we are, too.

FRPLG

The guy admits his mistakes all the time. I think this is a case of him not being clear enough. I understood what he meant when he said it.

redsk1

Yea its hard to value opinions of someone screaming. That doesn't do it for me. This coming from a guy who w/n a span of three weeks who went from don't buy real estate to buy real estate.

I think he wants ratings.

Sheriff Gonna Getcha

It's certainly a buyer's market right now for real estate. Home prices aren't flat, they've been falling for quite some time and should start picking back up within the next 6-12 months. That said, investing in real estate might be a hard thing to do right now unless you're pretty liquid since the subprime fallout has resulted in underwriters forcing lendors to seriously tighten up their lending guidelines.

FRPLG

In the span of 3 weeks a market can go back and forth be tween good value and bad value several times.