I just can't wait till the next pinhead tries to argue with me about what a fuckin tool Kramer is despite the many proofs he's provided over the recent year +.
I'll take no satisfaction from saying See I Told ya So once he succeeds in crashing the market with his scaremongering and red faced yelling. Asshat.
Quoting: V
it would have happened regardless... what are the media supposed to do, only say that everything is roses to try to prop everything up. Better people get the truth and deal with the fucking pain for a change. People in western culture think that everything is supposed to be rosey, all the time, well they're about to see that the world is not perfect, even for them.
Anonymous Coward User ID: 508656 10/6/2008 8:49 AM
I watch Cramer from time to time and he rarely tells people to pull out their money like this or rarely is this pessimistic. He usually says, "yes today we're down but in two or so days things will go back up..." or "u need to stay in it for the long run". Now he is basically saying, take ur shit out NOW even if u lose money cause ur going to need it for whats coming. and what coming is going to knock u down and ur going to take it up the u know what for 5 years, so get ready!
Anonymous Coward User ID: 517006 10/6/2008 8:54 AM
World Markets
ADRs FTSE DAX CAC Currencies World Biz Headlines
Asia Pacific & Australia
N/A Index Change %Change Level Last Update *
Australia ASX 100 -122.00 -3.18% 3,714.60 10/6 4:47pm
Australia ASX All Ords -158.10 -3.36% 4,544.70 10/6 4:47pm
Australia ASX Mid-cap 50 -174.70 -3.82% 4,399.00 10/6 4:47pm
Hong Kong Hang Seng -878.64 -4.97% 16,803.76 10/6 5:59pm
Hong Kong HSCC Red Chip -242.80 -7.04% 3,207.93 10/6 4:35pm
Japan Nikkei 225 -465.05 -4.25% 10,473.09 10/6 4:30pm
Europe
Index Change %Change Level Last Update *
Belgium Bel 20 -144.98 -5.26% 2,612.03 10/6 2:44pm
Europe DJ Stoxx -116.65 -4.28% 2,610.02 10/6 2:43pm
Europe Euronext 100 -35.70 -5.10% 664.12 10/6 2:44pm
Europe Euronext 150 -65.51 -5.27% 1,176.46 10/6 2:44pm
France CAC -203.06 -4.98% 3,877.69 10/6 2:44pm
France SBF 80 -242.66 -5.45% 4,206.26 10/6 2:44pm
France SBF 120 -147.96 -5.04% 2,788.91 10/6 2:44pm
Germany DAX -273.29 -4.71% 5,523.74 10/6 2:44pm
Germany MDAX -422.63 -6.30% 6,290.46 10/6 2:44pm
Germany TECDAX -47.04 -6.91% 633.86 10/6 2:44pm
Netherlands AEX -21.46 -6.24% 322.56 10/6 2:44pm
Norway BRIX +0.73 +0.02% 3,923.54 10/3 12:00am
Norway OSE Industry -16.34 -0.97% 227.32 10/6 2:43pm
Sweden OMX -41.77 -5.35% 738.62 10/6 2:44pm
Sweden OMSX All Share +4.71 +1.94% 247.74 10/3 12:00am
UK FTSE 100 -237.70 -4.77% 4,742.55 10/6 1:44pm
UK FTSE All Shares -119.73 -4.75% 2,402.39 10/6 1:44pm
UK FTSE Eurotop -102.71 -4.39% 2,236.90 10/6 1:44pm
UK FTSE Techmark -47.42 -3.41% 1,343.77 10/6 1:44pm
Americas
Index Change %Change Level Last Update *
Canada TSE 300 -97.19 -0.89% 10,803.35 10/3 12:00am
Canada CDNX -11.73 -0.89% 1,300.23 10/3 12:00am
Canada S&P/TSX 60 -4.58 -0.70% 646.76 10/3 12:00am "let us become the image of the one whole God, bearing nothing earthly in ourselves, so that we may consort with God and become gods, receiving from God our existence as gods"
—St. Maximus the Confessor
Will any of you actually watch and listen to the video or are you content to just run around in circles with your hands over your head screaming, "JIM CRAMER SAID SELL! JIM CRAMER SAID SELL! OMGOMGOMGOMGOMGOMG!"
Maybe it's enough for you, like some religious nutcase, to excerpt a single line out of something and call it complete?
Anonymous Coward User ID: 444934 10/6/2008 9:56 AM
Will any of you actually watch and listen to the video or are you content to just run around in circles with your hands over your head screaming, "JIM CRAMER SAID SELL! JIM CRAMER SAID SELL! OMGOMGOMGOMGOMGOMG!"
Maybe it's enough for you, like some religious nutcase, to excerpt a single line out of something and call it complete?
Quoting: Anonymous Coward 506376
Anonymous Coward User ID: 507461 10/6/2008 9:58 AM
Last night here in Missouri on the Local Station Roy Blunt said that he was mad about people taking money out of the bank. He said there are others who need it more. WTF?
Last night here in Missouri on the Local Station Roy Blunt said that he was mad about people taking money out of the bank. He said there are others who need it more. WTF?
Verbatim transcript... () are my comments. Excuse spelling errors, but make allowance that I speak and write british english... hehe
Curry: Ok so this news is not good…overnight… overseas. How, why is it happening?
Cramer: It’s happening because there is no confidence in the whole banking system. There’s no confidence in lending.(voice shaking) No one wants… I don’t wanna lend you any money. No bank wants to lend any other bank any money, and no corporations can get money to speak of to be able to expand, hire people, grow..
Curry: But…but some people might be surprised, that there might be, that there is not more enthusiasm for the seven hundred billion dollar bailout we saw on Friday. Why…why has that been snuffed off by the European investors?
Cramer: Well, one thing is certain. They are in Europe behind us, we’ve experienced more pain then they have. We are surprised at their pain. We didn’t know how bad off they were. In this country this plan is a good one, in that it makes it safe to keep your money in a bank, up to two hundred and fifty thousand, and if the FDIC wakes up they should say no more seizures. This plan will eliminate bank seizures, your money is safe.
Curry: So for investors what is your advice today?
Cramer: (indrawn breath) Ok. WHATEVER MONEY YOU MAY NEED FOR THE NEXT FIVE YEARS, PLEASE TAKE IT OUT OF THE STOCK MARKET. RIGHT NOW! THIS WEEK! I DO NOT BELIEVE THAT YOU SHOULD RISK THOSE ASSETTS IN THE STOCK MARKET.
Curry: Even if you would take a tremendous loss in selling your stocks at this decline? (incredulously)….
Cramer: I DON’T CARE. (Talking over Curry)
Curry: you say take it out? (incredulously)…. Even…even..
Cramer: (talking over Curry), I DO NOT CARE WHERE STOCKS HAVE BEEN. I CARE WHERE THEY ARE GOING…
Curry: even if you don’t need it in the next five years?
Cramer: I DON’T WANT PEOPLE TO GET HURT IN THIS MARKET.
Curry: But if you need it after 5 years, then don’t touch it?
Cramer: WELL…WELL… YES, IF YOU HAVE THAT MUCH FLEXIBILITY. I’M WORRIED ABOUT UNEMPLOYMENT. I WORRIED ABOUT YOUR PURCHASES THAT YOU MAY NEED. I CAN’T HAVE YOU RISK THAT IN THE STOCK MARKET…(voice shaking) FOR THE NEXT FIVE YEARS.
Curry: That’s a very dramatic statement Jim…. Very dramatic statement! (looks angry).. unintelligible comment
Cramer: (Talking over Curry), I THOUGHT ABOUT THIS ALL WEEKEND. I DO NOT WANT TO SAY THESE THINGS ON TV..
Curry: Uh hum…uh humm
Cramer: I DON’T WANT TO SAY THEM..
Curry: But what’s coming that makes you say that?
Cramer: I BELIEVE THAT WE COULD HAVE AS MUCH AS A 20% DECLINE IN THE STOCK MARKET. IF YOU CAN WITHSTAND THAT…OF WHICH MOST PEOPLE CAN’T, THEN I THINK WHAT YOU HAVE TO DO, IF YOU CAN WITHSTAND IT, IS JUST RIDE IT OUT.
Curry: Why do you think a 20% decline? Where does this number come from?
Cramer: WELL, I CALCULATE THE INDIVIDUAL DOW STOCKS AND SEE HOW FAR THEY COULD FALL…UH RETRACING MUCH OF THE MOVE BETWEEN 2000 AND 2005. SO LITERALLY, I’M JUST COUNTING DOW STOCK BY DOW STOCK. THAT’S WHERE I GET IT.
Curry: We’ve got corporate earnings…. Third quarter earnings coming out this week…. How do you think that might affect the market this week?
Cramer: WELL…. I THINK THE PREVIOUS QUARTER, THE ONE WE ARE NOW HEARING FROM, WAS A TERRIBLE QUARTER…. BUT IT WILL LOOK GOOD VERSES THE COMING QUARTER.
Curry: Alright Jim Cramer…, Come back and tell us some good news next time ok?
Cramer: I would love to….I would love to…
Curry: And you can catch Mad Money weeknights at…. END
Anonymous Coward User ID: 510531 10/6/2008 10:14 AM
NEW YORK , September 30, 2008 -- The New York Stock Exchange will implement new circuit-breaker collar trigger levels for fourth-quarter 2008 effective Wednesday, October 1, 2008. Circuit-breaker points represent the thresholds at which trading is halted marketwide for single-day declines in the Dow Jones Industrial Average (DJIA). Circuit-breaker levels are set quarterly as 10, 20 and 30-percent of the DJIA average closing values of the previous month, rounded to the nearest 50 points.
In fourth-quarter 2008, the 10, 20 and 30-percent decline levels, respectively, in the DJIA will be as follows:
Level 1 Halt A 1,100-point drop in the DJIA before 2 p.m. will halt trading for one hour; for 30 minutes if between 2 p.m. and 2:30 p.m.; and have no effect if at 2:30 p.m. or later unless there is a level 2 halt.
Level 2 Halt A 2,200-point drop in the DJIA before 1:00 p.m. will halt trading for two hours; for one hour if between 1:00 p.m. and 2:00 p.m.; and for the remainder of the day if at 2:00 p.m. or later.
Level 3 Halt A 3,350-point drop will halt trading for the remainder of the day regardless of when the decline occurs.
Background: Circuit-breakers are calculated quarterly. The percentage levels were first implemented in April 1998 and are adjusted on the first trading day of each quarter. In 2008, those dates are Jan. 2, April 1, July 1 and Oct. 1.
Anonymous Coward User ID: 353064 10/6/2008 10:31 AM
NEW YORK , September 30, 2008 -- The New York Stock Exchange will implement new circuit-breaker collar trigger levels for fourth-quarter 2008 effective Wednesday, October 1, 2008. Circuit-breaker points represent the thresholds at which trading is halted marketwide for single-day declines in the Dow Jones Industrial Average (DJIA). Circuit-breaker levels are set quarterly as 10, 20 and 30-percent of the DJIA average closing values of the previous month, rounded to the nearest 50 points.
In fourth-quarter 2008, the 10, 20 and 30-percent decline levels, respectively, in the DJIA will be as follows:
Level 1 Halt A 1,100-point drop in the DJIA before 2 p.m. will halt trading for one hour; for 30 minutes if between 2 p.m. and 2:30 p.m.; and have no effect if at 2:30 p.m. or later unless there is a level 2 halt.
Level 2 Halt A 2,200-point drop in the DJIA before 1:00 p.m. will halt trading for two hours; for one hour if between 1:00 p.m. and 2:00 p.m.; and for the remainder of the day if at 2:00 p.m. or later.
Level 3 Halt A 3,350-point drop will halt trading for the remainder of the day regardless of when the decline occurs.
Background: Circuit-breakers are calculated quarterly. The percentage levels were first implemented in April 1998 and are adjusted on the first trading day of each quarter. In 2008, those dates are Jan. 2, April 1, July 1 and Oct. 1.
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